Legg Mason says bottom is in

[monstercat]

bill miller has had the biggest collapse of a big fund in history. down 70% in 12 months. aig.leh,fre,bsc. need i go on.

 

[Sponger]

The Fed and Treasury should buy stocks and make everyone rich......I do believe he has lost his mind

 

[Bear Plunger]

Quote from JamesVU2000:

what a fucking clown. I swear the baby boomers who run this country have there heads stuck so far up there entire asses well never eve get out of this mess

Of course. They'll do whatever is in their means to sell out the next generation - that way their pensions and retirement is in tact just until they all die off like flies.

Even if you tell a boomer that propping up the markets will have serious repercussions...they don't care. Aren't they called the "me first generation"?

 

[mister_doodi]

Quote from Landis82:

Bill Miller has gotten crushed this year.
Cramer said to "fade" him.

Isent that circular logic, both should be faded.

 

[gnome]

Quote from riskfreetrading:

I second that! (if you add to it "and let winners win").

Sadly, the Fed and Treasury are NOT "letting losers lose", nor "letting winners win".

 

[TGregg]

Bill Miller said on Wednesday the "bottom has been made" in U.S. equities. . .

Great!

. . .and that the Federal Reserve should consider purchasing stocks and junk bonds to pull the United States out of the financial crisis.

WTF? The bottom is in, but we need the feds to buy everything in sight? He should save some weed for others, sheesh.

 

[zdreg]

Quote from Sponger:

The Fed and Treasury should buy stocks and make everyone rich......I do believe he has lost his mind

above is a typical 3rd world solution for bankrupt countries. figure out when and you will be rich on paper.

 

[noddyboy]

Quote from zdreg:

above is a typical 3rd world solution for bankrupt countries. figure out when and you will be rich on paper.

I do think that if the Treasury can lock in the current interest rates and buy stocks, the govt will make lots of money in 10 years.

 

[mokwit]

What he means is that the Fed should bid up his portfolio stocks.




"Patriotism is the last refuge of the scoundrel"

Samuel Johnson, English 18th (?) Century man of letters

 

[silenttrader]

We are seeing a wave of bottom callers again! I suspect these fund owners are afraid of further redemptions.

Get ready for October - November crash revisit.