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"

Wednesday, August 20, 2008

so....

If I HAD TO BET........ Gun to my head..... What will happen to Freddy Fanny...

Based on how the Bears mishear some of the news... and how Badly they "Want to believe" that they will go under.... How they mis hear how Paulson says Clearly "FANNY AND FREDDY WILL SURVIVE AS SHAREHOLDER ENTITIES." How free market he is, and how he will refuse to nationalize them... the only option is to Extend them credit.... Sure, at high rates.... but I am not convinced that it will wipe out shareholders..... They may wipe out profits...for 3 years.... But

Based on the Market Rorchack, and what I hear paulson say... They will survive.

If they got to be a... Lotto ticket... I might buy some. as a lotto

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