Goldilocks has effected a "soft landing" in the Cayman Islands where she opened an off shore account that's short the U.S. markets. As for Larry Kudlow, he's a brain-damged zealot whose "greatest story" incessantly told bordering on the delusional.
http://blogs.wsj.com/marketbeat/2007/11/09/four-at-four-cdo-losses-who-us/?mod=yahoo_hs
The JPM and BAC tidbits posted on "The Fly on the Wall" just before the market closed Friday so I sold GS and bought a few puts.
"A time-honored tradition among governments has been to release bad news late on Friday, ensuring it ends up only in the Saturday newspaper, the least-read paper of the week (back when people did such things like read newspapers). But J.P. Morgan, viewed as one of the more prudent when it came...
No, because it's a scumbag bush league maneuver to allege a MAC if there is none, and would result in a "material adverse change" not just to their reputations but also to their negotiating power in future dealings.
Anyone think there's further downside?
From the Washington Post:
"The $8 billion buyout of audio-equipment maker Harman International Industries collapsed yesterday, the first major private-equity deal to unravel since the current credit turmoil began and a sobering sign for other big...
So true. Unless you shorted it in 1999 when it was trading around $120 or so, YHOO is right up there with MSFT as one of the least interesting stocks trading. Waste of commissions.
A lot of high fliers sold off today. Bitch slapped by BIDU, personally....rumors of secondary, profit-taking, yada, yada...yowch. Triple witching's always tough.
I totally accept that I was wrong and the Fed funds were lowered by 1/2%. congrats to all who did well! And cograts to Atticus who won $20 form me. good trading! [/QUOTE
A lot of us were totally wrong. It was a vote, we voted, and some of us were just dead wrong. I think Ben's a pussy. I also...