Agreed. He says its half over that means it aint even close.
Hes the same guy talking up the US's strong dollar policy as the thing is tanking like a stone and theya re cutting rates toi beat the band..
it would be genius...
they would get overnight retail presence - an attempt to fix their business model maybe? buy it on the cheap. comes with a database of compter heads??
just a thought..
What happened to all the hoopla about ABK. This was the stock, along with MBI, that was the crux of the financial worlds existence... Now you don't hear much... Clearly not because it has stabilized.... ??
its a short squeeze. plain and simple. gs comes out and says equities will sell off 15% - market promptly rallies through resistance and takes out shorts large and small. i think selling big now under 13k on the dow is as good as price you are going to get. i just dont see breaking 52 week highs...
i think all the fiddling set a dangerous precedence, especially in light of the current state of the economy. The fed is now in the housing business and the banking business. Soon the credit card business and the commercial mortgage business. It interrupts the natural cycle of business, and...
its paper for which the market is illiquid or hardly traded. so there is no real "mark to market value". in all cases the big guys have more of this shit then they do equity... and in all cases they put a theoretical value on it that is way more generous than what it is really trading at or...