I jsut hope we have more imaginary liquidty crunches. The last one was such a good buying opportunity.
yeah buddy, the financials getting smoked everyday is a pretty big illusion. you are such an idiot, it is hard to believe you don't get lost going to your parents basement to post on elitetrader. you must have a ton of friends.
The CEO of Citi would probably disagree with your "imaginary crisis" description. I still laugh when I type it.
the only problem is that the media loves to create a crisis over anything and overhype EVERYTHING. bird flu, spinach, your kid is going to get killed by eating halloween candy, poisonous exploding toys from China, etc
Yesterday, the news was the terrible ISAM report - it's a sign of the end. Today it's the opposite - all fear of recession is gone due to the great jobs report: http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=FT&Date=20071102&ID=7750918 Bottom line to look at: 1) earnings (outside of financials and housing) are good and 2) yield spread is okay. Will the acid test be Christmas??
last time I checked the banks are still raunning. I was able to withdraw money last friday without problems. not like we're seeing bank runs and such.
not the point. you don't seem to want understand there is another side to the story your taking as the gospel
Markets green today? RIMM, goog up? This credit crunch hurt so much. The doom and gloom of citi and meril seems to have passed. I guess there wont be a financial collapse.
I'd be fucking happy if I were him too, he bought goog at 400-500, and that is the only chart he looks at.