last minute call
I should be on after 2:00 pm
be back soon . . .
August 16, 2007 1:38pm by Barry Ritholtz
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Subprime Credit Rot
Now the bears start to get popular. Some how I told you so just doesn’t cover it.
Here’s Kudlow’s latest analysis: http://corner.nationalreview.com/post/?q=N2UxY2MyOTRmODkwYjM3NjFjNWIzMzFjMDQ4MjZhNmY=
I think he needs to start breaking those pills in half.
no pink shirt????
Ciao
MS
bottom for now. fct retracing strongly from low this moring. i suspect we may even end the day in the black!
He’s on now 11:14 PST
Here’s the link
That sound you hear??? It’s the commodities bubble starting to gurgle……when you need cash……and those redemption forms are starting to pile up.
Ciao
MS
bear country !!!!!! had a laugh
Barringo,
You ‘member our death row inmate?… the one that the governor pardoned as long as the 10-Y-T didn’t close at or over 5.25000?
Sure you do… it’s a hard image to get out of your head.
Well, he’s breathin’ a little easier now, but… let’s make his life interesting. What say?
Here’s the deal Mr. D. R. Inmate:
The governor says he’ll permanently lift the 5.25000 business (so that won’t ever be a worry any more) if you’d like for him to, but to do so!… he’ll then issue a new pardon that is yet subject to immediate cancellation (and thus your immediate execution) the minute your money market mutual fund breaks the buck, if ever.
That would constitute your mm mutual fund expressing its NAV as: “less than but not equal to 1.0000 per share — even for one stinkin’ close of business.”
You reckon which deal from the governor is the best one?… You wanna stick, Mr. D.R.I., with the 5.25000 10-Y-T monkey business, or you reckon you’d like to take a stab with the alternative.
So, which’un is the one you’d prefer? C’mon now… we ain’t got all day for you to decide.
Out bailing hay this morning before it rained so I missed this mornings goings on. But I LOVE THE SMELL OF MARGIN CALLS IN THE MORNING.
To quote some favorite lines from ‘Brother where art thou’ ‘Dooo Nooot Seeeek the treasure.’ ‘We thought you was a toad’ ‘Doooo nooot seeek the treasure. It’s an ambush’.
Will somebody ring a bell at the bottom?
Thanks
Hey Ross – you can bail out or bail water, but you bale hay.
Yes DC, bailed out long ago. Bailed water in May and June. My black cows gotta eat. By the way, I’m bullish on black cows, brown cows, hay meadows DBA and PMPIX…
Ta ta. Gotta feed the chickens.
I’m surprised that nobody enjoyed my taunt psychological metaphor.