so, I should have read the paper this morning instead of my nap.....
Some idiot is under the impression that the "monline solutions" will mean a good resolution.
It's clear to me that every solution means MORE write downs for the bank than a bankruptcy.
the pain is wondering if I'm wrong, or if it's just taking some time for the market to figure it out.....
or if it's all a sucker move. one way or another.
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
Wednesday, February 20, 2008
nap vs paper.
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