Originally Posted by
DakarM
my bad. i thought the dow would hit 15K for sure within a week.
it's going to take time to buy back the bad mortgage backed securities and free up credit. as to how long it will take, my guess is as good as yours. my guess is min 6 to 12months.
I agree nothing is going to happen instantly but I thought more people would know that this is no panacea to the problem. It was just a step to try to enable freeing of the credit markets so business could run as usual. Chances are your predictions are right on that time span though.