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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST

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To: TobagoJack who wrote (31565)3/24/2008 12:26:14 PM
From: Maurice Winn  Read Replies (1) of 218074
 
The Green$pan put is still in action. Bear Sterns shareholders have now been offered $10 instead of $2. Perhaps they should hold out for $14. Or more. biz.yahoo.com

Now over 2 years into the market clearing crunch and there doesn't seem to be a big problem in clearing markets.

Mortgagors are lined up being reassigned housing, deleveraging is continuing apace with bargains being bought before they are cheap enough for me to be buyer of last resort.

Panics and problems never go on forever. They rarely turn into dark interregnae either.

It's nearly a year since the run on Northern Rock. This is like waiting for avian flu or sars. Great fun but perhaps the panic is kaput with the Green$pan put.

Mqurice
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