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classic !

???????????????????????????????? are you kidding me ?? LOL

ES already down 10 handles .. not even figuring for FV ..

its gonna be bloody in the morning The Wall Street Journal reports BSC already forced to shut two hedge funds that bet heavily on the risky subprime-mortgage market, is now facing big losses in a third fund that has roughly $900 mln in mortgage investments, according to people familiar with...

btw.. did anyone notice the AHM news at 10pm Friday night ?? they are suspending their dividend after they already declared it !

all i hear from people ..everywhere ...is "are you putting money to work here ?" Are you buying this dip ?" there is absolutely no fear to this correction ..yes, it may show up in the vix but the overall sentiment is not fear. people have been accustomed to buy every dip ..and granted...

no rumors ..credit spreads have widened and risk is being repriced ... corporate bond market priced in a 150bp move higher .. this is not rumor ..its fact ... 150bp move in corporate debt means money just got that much more expensive ... LBO deals may not get done now at these levels and...

what a call surf !!! admirable to stick to your guns ...

and moodys puts BSC alt a on negative watch

BSC Bear Stearns: Two Bear Funds nearly worthless Investors told-- WSJ (139.91 -0.40) The WSJ report sthat, weeks after the meltdown of two prominent Bear Stearns Cos. hedge funds that bet heavily on the market for risky home loans, the brokerage has told the funds' investors that the...

touche'

13:46 Iran Embassy releases letter it says from British woman captive calling on UK to start withdrawing from Iraq - Reuters thats not good

there is already too late IMO .. fed funds would have to be cut back to 1% to save housing ... this snowball has too much momentum .. also, if they cut ..they will be inviting more and more inflation as our dollar continues its death spiral .. --m

anytime brother:-)) --m

good ole Abby ! i remember those days ... nasdaq 5000 ... then nasdaq 3500 and abby calling it a screaming buy ... then nasdog 2500 ..and abby pulling out the megaphone .. sheesh ... what a tool

actually schiller coined the phrase 'irrational exuberance'

the nasdaq correction was expected as well ... a year or even two years before it happened ...

agree on the OE weakness .. i was almost sure they would close somewhere near SPY 140 ...

market waiting for CPI ... something tells me they want 140 close on SPY tomorrow for oe ..before all hell breaks loose next week .. IMHO of course

ALAN at it again ! 13:33 Greenspan says subprime is not a small issue - Reuters 13:32 Greenspan says a risk subprime woes will spill over to other sectors - Reuters