Friday October 10, 6:42 pm ET IRVINE, Calif., Oct. 10 /PRNewswire/ -- The following release is being issued by John Blake, Registered Investment Advisor: The root of our financial crisis, while reflected in stock prices, is based on a collapse of the credit markets and a virtual disintegration of risk-taking activities by individual bond and commercial paper buyers, banks, fixed income mutual funds, and other buy side participants in the credit markets. Simply put, buyers are scared to buy and a deflationary mentality has gripped the credit markets. Confidence and trust has been broken, and potential buyers ask themselves this simple question: "Why not wait until tomorrow or next week, when prices will be even lower?" Unfortunately, with plummeting fixed income prices, this paranoid logic has become a self- fulfilling...
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