DSB

News Flash to BofA's Lewis: Demand Isn't Problem - Supply Is

Just shut up. It is clear that you don't understand what is going on, much like Tom. Tom called a bottom on July 15th, as meaured by the XLF when it was $17.17. It is now at $15.28, a full 8% lower. Tom then put out this 'disclaimer'

"If you can’t stand the idea of seeing another, say, 20% on the downside, please stop reading at once and head back to CNBC.com."

Tom said this on 7/22/08, when the XLF was at $22.49. As of today, the XLF is 32% lower than when Tom made that call. THIRTY TWO PERCENT LOWER!!!

This thing is a mess, and Tom continues to avoid the heart of the matter. People who have listened to Tom have lost money, when 'smart money' was pulling out of financials. How can one be SO wrong, and not own up to any of it?

Tom, we would respect you a lot more if you would at least own up to your bad advice.

There is a real risk of failure in the system. It may be a small fraction of a percent, but the risk is still there, and it has increased over the last 3 months. It would be nice to hear Tom acknowledge this risk and issue a cautionary note.

Look at the SEC website to see what second curve capital owns. If Tom had thrown in the towel 3 months ago, it would have avoided MILLIONS OF DOLLARS OF OTHER PEOPLE'S MONEY down the drain. That is reckless.

Paulson even said today that there is more pain to come.

That is all.

/rant over

News Flash to BofA's Lewis: Demand Isn't Problem - Supply Is

Care to call another bottom in the financials Tom?