Though less than the "Armageddon types" were talking with the Ten hundred trillion kazillion numbers thrown around.
6 billion is still significant loss for some people, and we could see it concentrated. The Iceland systemic risk is still Unknown. Sounds like a job for the IMF.
gold is down $30.
sure would be nice to see us re build Humpty Dumpty again down here... and build a nice base... feels scary though.
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
Monday, October 13, 2008
We looked at the CDS transfers yesterday
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