Faber is the biggest clown of them all. remember all those sprint rumors he'd start ? Sprint buyout rumors? Right after that his buddies would dump millions of shares. Sprint is now trading about 30% below what it was at ... when faber started the buyout rumors. lol These guys jerk the markets around like a yoyo. Its pretty funny if you ask me!
We have been here before. 1931. National Credit Corporation. So Paulson gets his super-SIV. what difference does it make? Perhaps from a legal/accounting angle. But I doubt it. There is no real positive news here. The inevitable forestalled after options expiration.
As soon as Chuckie made the announcement, shares surged... I heard him and went long and watched. Shorts covering made the move even bigger...