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To: John Vosilla who wrote (1261)	8/15/2007 6:42:18 AM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 1718

Well my puts are not compensating for losses in my long book and then some. I think a capitulation day is coming and I'll take some off the table at that time and survey the carnage.

To: John Vosilla who wrote (1261)	8/16/2007 7:22:48 PM
From: silenceddissenter	Respond to of 1718

mises.org Begin reading at page 214 If the Federal Reserve had an inflationist attitude during the boom, it was just as ready to try to cure the depression by inflating further. It stepped in immediately to expand credit and bolster shaky financial positions. In an act unprecedented in its history, the Federal Reserve moved in during the week of the crash—the final week of October—and in that brief period added almost $300 million to the reserves of the nation’s banks. During that week, the Federal Reserve doubled its holdings of government securities, adding over $150 million to reserves, and it discounted about $200 million more for member banks. Instead of going through a healthy and rapid liquidation of unsound positions, the economy was fated to be continually bolstered by governmental measures that could only prolong its diseased state. wanniski.com Here is some more reading for the foolish by wanniski