If you're short, I'm the sucker going long....

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"

Friday, February 15, 2008

split the munies

So....

they are going to split the books....

the AAA book

and the A book.

so you have capital reserves for the AAA book

and for the A book.

???

Posted by Eric at 12:10 PM

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