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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (85248)8/17/2007 8:56:15 AM
From: carranza2  Read Replies (2) | Respond to of 110194
 
I cannot agree more with what you say, Haim.

The scamsters have been given a get out of jail free card.

No hope that the excess liquidity will be wrung out of the system.

The Day of Reckoning has been postponed.



To: Haim R. Branisteanu who wrote (85248)8/17/2007 9:36:55 AM
From: 10K a day  Respond to of 110194
 
>the cut came straight into option expiration to lower the losses of investment banks. <<

Wow that's shocking.



To: Haim R. Branisteanu who wrote (85248)8/17/2007 9:39:10 AM
From: Ken98  Read Replies (2) | Respond to of 110194
 
Yep, the old 'rate cut going into option expiration' play - straight out of the playbook from 1998. The sucker punch was having Poole walking around like Dirty Harry, talking tough and all, on his was to the emergency meeting to cut.

Question is, will it work again this time? Question is, will buyers come in after the shorts have covered and market makers square their options trades?