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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (1735)	3/6/2007 7:18:30 AM
From: RockyBalboa	Respond to of 6370

Circuit-City Carmax -> KMX is tempting... nice rounding top. finance.yahoo.com

To: Bill Wexler who wrote (1735)	3/11/2007 10:29:47 PM
From: RockyBalboa	Respond to of 6370

In analogy, the fish monger will perhaps see much less business in the next quarters. Or, the cisco of the mortgage world. The profits from packaging these securities and trading them for customers and their own accounts have been phenomenal. At Lehman Brothers, for example, mortgage-related businesses contributed directly to record revenue and income over the last three years. Hard to tell how much but it is still a fixed income house with equities a side business (though, it made a lot of improvements in 2003-06). The leverage in there is still amazing.