You know... it's the weekend, I have so few moments away from mother market... and it's constant enema.
I just wanted to make sure I shared some comments.
I think that most of the selling is caused by 3 things:
- Liquidation for the LEH auction
- Hedge fund liquidation
- Retail panic since Bush said "we face the great depression"
Much of this has been caused by "LEH" blowing up, and the cascading effects. Realize... there are about 6 more banks and a country called Iceland that have blown up, we could see some ripples from that, I haven't been keeping track.. but the secret to a good "Blow up" is to make the bond holders whole.
Furthermore, after the LEH auction, and the liquidations for that auction there could be some Collateral damage.
AIG is a Fucking disaster, Hopefully it can get liquidated and end up being a small little insurance company.
2 comments:
1. from what i read it won't be liquidated until the week after
2. hedgefunds and retail remind me of the cascading effect of margin calls during 1929 crash
3. bush is a provocateur
There are other countries on the brink.
So it's by no means over.
Can you send me an email? I have to get something off my chest to someone (no crimes, i swear) and i think you may find this interesting. Heavy-weight tinfoil stuff.
1. the week after this one
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