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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: benwood who wrote (70526)10/26/2007 3:36:46 PM
From: mishedlo  Respond to of 116555
 
Mammoth Short Squeeze in Countrywide
globaleconomicanalysis.blogspot.com
Countrywide posted a $2.85 loss per share but sent shorts scrambling with a statement that the third quarter represented an "earnings trough." After all, a $2.85 per share loss is quite a "trough". However, the market has responded as if it believes those "one time" charges are a thing of the past and the perfect storm is now over. We will see.
Mish