NoFate

How to Trade This 'Bear' Market - Barron's

$2 a share ...we finally got MARK TO MARKET!!!

Now the rest of the investment banks have to drop to $2 and we might be at a bottom.

Disagree? Great ...SOLD TO YOU!

A Sensible and Refreshing Move from the Fed

Here is an analogy ...your teenager has maxed out their credit cards and is to a point they can no longer make payments. You step in as a co-signer and get the limits on the cards doubled.

Is this the right decision? This is what the Fed did for the banks yesterday.

What they should have done is "tough love." Step on their damn necks and tell them to take their proper write-downs (that are hidden on their SIVs or are still inflated due to "mark to myth").

Until there is trust and responsibility, more liquidity will not solve the problem.