Moral Hazard...
So, the market doesn't skip a beat when it comes to Super Siv's, and bank Bailouts....
Fed Rate cuts.
But the Borrowers..... and people preyed upon by countrywide and Citi....
Now there is a moral hazard....
The moral hazard has been years of bailing out Big bloated uncompetitive(noncompetitive) businesses.
ok.... asuming we don't get higher.... Range bound 13400-13200 Rest of the week.
Wednesday, December 5, 2007
Damn... Nice Rally
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