Dan Walker

The Coalition of the Ailing

We have a coalition of the clueless here in the comment section. This is not about whether MS is a viable enterprise. This is about perception. Whether anyone will trade with them Tuesday. If no one will, they are toast. Liquidate and distribute the remains to the stock holders. Those are the realities of what is going on here. Their only worth is as an ongoing enterprise making deals.

Where's the Bottom? Still Anybody's Guess

Regrettably, I fear you may be right. As much as I decry fiat currency, as much as I would love to see a stake driven in the heart of the federal reserve, as much as I fear the proposed bailout will decimate the dollar and collapse bond prices, he fact remains that our economy is still in better shape than its compatriots, and we may, in fact, emerge from this "crisis" smelling like a rose in global comparison. This is about as depressing a scenario as can be imagined. There is no reason to get long, but neither is the risk on the short side worth the reward. I can envision a post-bailout scenario where equities trade in a range the next two years while the dollar grinds down incessantly. This is the worst case scenario where short the dollar is the only remedy but the dollar keeps popping up because of weakness overseas. About the only thing to do is jump on gold and hope the PPT gets distracted or runs out of money.

Buffett Enters the Fray

I seem to recall Buffett bought a sizeable stake in Salomon Brothers around 15 years ago. I don't seem to have seen their name in the news on the current difficulties. What does who Goldman decided to jump in bed with tell us? Probably more dirty laundry here than at Solli....

It's Time For a U.S. Sovereign Investment Fund

Are you one of the idiots bill clinton raised? We are broke, spud. End of discussion.