ozcutty2

Lehman, Fannie, Freddie: This Must Be Groundhog Day

Barclays Bank in UK are interested in Lehman I believe, so I expect they would make a move if they kept falling.
Yes Fannie and Freddie going to zero is now priced in. The market has moved on. Same thing happened with Mbia and Ambac, remember the market gyrated widely earlier in the year over these 2, now it doesn't care anymore. Its a funny thing the market, it has a very short attention span.
The ironic thing is, if the governement take over fre and fnm, the market will probably rally strongly as it removes the uncertainty.

When Bill Met Freddie

Felix, its called having the courage of your convictions. Is Bill running scared? hell no, he's backing up the truck.

Go long Legg Mason my friends, he will be back!

Will the Bear Market Rear Its Head This Week?

The rest of the world is more in debt that the US. The US has the greatest companies in the world, Coke, microsoft, visa, etc. These guys aren't going broke any time soon, sorry Mark.
US will soon reach "safe haven" status as people gravitate to the safety of these blue chips.
No one is going to invest in emerging markets after the Olympics, China is already down 50%. Europe is going into recession, Aus and NZ are getting there. They all have more overvalued real estate markets that the US.