discov

Countrywide: Dogs Howling Over Bare Bones

yeah, I can't believe that financials have rallied. I am stocked up on puts for Jan. 2009, because I can't tell when it will all crumble for some of these guys.

I also noticed that Citi is being forced to buy back 5 billion of auction rate securities and pay a fine, due to their fraud. If a case like that goes against MER, or LEH. could be pretty disastrous.

concisetrading.blogspo.../
Ryan

Corporate Fraud + Government Intervention = Bailout Nation

As for forward looking statements. How about
1. Treasuries start dropping in price.
2. rates go up mildly.
3. Large banks fail any way.
4. We elect a socialist by our uneducated, functionally illiterate
majority
5. More poor spending from our government as more capital comes under their control, as they force higher taxes to cover their budget shortfalls.
6. More government short falls.
7. More borrowing from other countries on bad terms for us.
8. We lose much of our international leadership.
9. Getting a job teaching English in Asia becomes a great way to take care of yourself.

I know this is all speculative as heck, but I just started my interest in economics last year.
concisetrading.blogspo.../
Ryan