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Strategies & Market Trends : Waiting for the big Kahuna
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To: GROUND ZERO™ who wrote (77578)11/19/2007 12:42:31 PM
From: Real Man  Read Replies (1) of 94695
 
I think if all Wall Street firms go broke, this market won't be
able to go up and will more likely BK. -g- JPM is not doing as
bad as CITI. GS is doing good, but a lot of major banks have very
ugly charts.I think a fight for survival between banks and
brokers is going on. Some have very positive derivative exposure,
some very negative, at $500 Trillion notional. It's a very high
stakes Poker game, with only a few players at the table. 1/2
might thus collapse if derivatives can't grow exponentially
anymore. Obviously, everyone and their mother sold all the Junk
to Fannie, a government sponsored enterprise, and we can see
what FNM is doing -g- The Fed can't bail out $30 Trillion, the
Poker game must go on, and all the mutual agreements must be
kept hush-hush. Looks like Citi may be going under.
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