Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Tuesday, February 12, 2008

buffett thesis

So, buffet and denalo go to the insureres with an offer....

They being dumb asses are going to play brinksmanship... because

  • they think they will get bailed out by the Government.
  • They think they have something of value....(this is kind of funny)

So, now they are negotiating with banks to get some funding...

but this is going to bind up... sometime next week they get downgraided.

Treasury and our federal govnment intervien with a plan that has been already worked out

Then there is Federal intervention....The federalies step in The Muni's get broken off to buffet... and the rest blows up....

now how to bet it.....

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