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, August 19, 2008

Goldman says.....

Surprise Investment banks suck!

This just in..... They may have Write downs!!!

If they write down their assets like MER! they will have larger write downs!!

you know, ... I knew this was coming..... I hear they have these things called CDO's.... and they aren't worth much.

Who knows if this is, going to cause capitulation in the xlf.... Me... I could have sworn they already had it.... because "every bank in the country is going to Zero"

This is just a sad revenge analysis, on the part of Goldman...

This is like I'm dealing with my Niece and nephew.

Of course.... I'm starting to think I may want to add some investment banks to my portfolio......

I hate those fucking things.

http://lovelifelikeyourself.files.wordpress.com/2008/03/2_great_depression.jpg

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