Financial Markets - TOAST

Barron's has articles saying the stock market probably could not get much worse and that Bank of America might be a deal at $3 and change. And they may actually be correct but I'm not going to be putting my money at risk. The financial markets around the world have been gamed and polluted with fraud. Until the fraud is accepted and the losses on that worked through the system we are not going anywhere. And further, since it seems "denial" isn't in fact just a river in Egypt, we still have a ways to go. Also today the WSJ talks about the possibility of a global stimulus framework. More money down a rat hole. Once we accept that 2006-2008 is over and the values assets traded for during that period are not going to come back anytime soon then the sooner we will be able to move on with our lives and start building for our future. As long as the denial survives we can not start the rebuild and will suffer more job loss, more foreclosures and more individual tragedy.