yogatrader

Attention Locusts: The Party Is Moving to Merrill and AIG

As has been pointed out a million times, it's way harder to rumor monger good fundamentals down, than the inverse.

These firms levered up 40x and got long housing at the top. It's not panic, just proper greed from the short side. Market discipline and free market Capitalism, indeed.

The over-all market seems to be saying these failures will no longer touch us -"contained". hmmm, heard that one before. . . .