By the Numbers - Fast Money Recap (10/17/08) [View article]
Is Warren Buffett hyping the market to protect his positions? I think it is likely.This show is would be better served if Dylan Ratigan was fired. He has a big mouth, but no brain.
p.s. US Treasury bond yields will rise significantly as a result of FNM/FRE bailout. This is exactly what Bill Gross is hoping for (assuming he is still shorting treasurys).
All indications are that current FNM and FRE shareholders will be wiped out. How can preferred be saved without a future dividend? Overall stock market will be up 100-200 points on the open. Huge selloff by mid-week. Good luck.
By the Numbers - Fast Money Recap (10/17/08) [View article]
Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [View article]
Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [View article]