Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Elroy Jetson who wrote (75114)	2/23/2008 9:22:18 AM
From: Think4Yourself	Read Replies (1) of 116555

They also get a bit of a leverage advantage by throwing money into the monoline rathole. Seems to me they are trying to buy time, hoping things get better. They will have to write off their CDO losses at some point. Even though the economic situation is grim we are likely to rally strongly on any agreement. An awful lot of people are in denial. There is a good chance the markets go straight down after this final rally. There were a lot of optimists on CNBC this past week. I note almost all of the people saying it's time to buy are from non-public companies. Went to short 4-5 of them and not one was publicly traded. Really wanted to short Cumberland Financial badly. Their "expert" is about as clueless as they come.

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