ericinNE

The AMBAC Bailout Plan is Really About Banks Saving Their Own AAAsses

Make that Q4'08, there.

The AMBAC Bailout Plan is Really About Banks Saving Their Own AAAsses

Well, here's THEN what- The Fed will start easying rates up in Q4'07 (or Q1'09 at the latest.) The threat of Obamanomics will start to sink in, and a good lick of projected business investment will go in the shitter. All those short interest ETF's that were being held as hedge bets will start to run, and lots of dumping of longs will commence. The option guys will, of course, start putting hard, and drive the downtrend for awhile. Gold will run up even more, (after it's slight to moderate pullback from Q3'08,) and we'll all look back at the good times of up till then (now) with wistfull longing for the good ol' days. Seems familiar, already.