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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.60-4.4%Dec 29 4:00 PM EST

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To: TobagoJack who wrote (20391)7/24/2007 3:27:41 PM
From: energyplay  Read Replies (1) of 218828
 
You can hear the financial side of Wall Street puking -

Look at BKX (banks) and XBD (broker /dealers)
also Bear Stearns BSC and Goldman GS ....

I just re-entered SKF, the double inverse financials fund.

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The commercial banks can't be so stupid as to own much of the sub-prime based CDOs ...they know what went into that sausage !

The investment banks will get some of these toxic items put back to them - too bad - hope they like to eat their own cooking. It's sausage on this weeks menu ;-)

The "stuckies" will be pension funds, endowments, mutual funds mostly the income oriented funds, some stupid hedge funds.

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In a few days, I expect some nice prices on oil and metal stocks...yummmy !
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