ericinNE

Don't Buy (Sell) The Bear

Now throw into the mix the very real possibility of just one of bond insurers going belly up behind the subprime paper. And if the fertilizer hits the ventilator before the gov't figures out that buying these guys up and covering that action @ $.50-.60 on the dollar is way cheaper than letting it happen, even just once, we could see a market slide that wipes out two generations worth of market increases.