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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (111618)	2/21/2008 4:36:07 PM
From: TimF	Respond to of 132070

No the lead is not insurmountable, or even close to insurmountable. He has to be considered the front runner now, but plus he has the feeling of momentum behind him, but he's no shoe in.

To: Knighty Tin who wrote (111618)	2/21/2008 7:15:36 PM
From: Kerry Phineas	Read Replies (1) \| Respond to of 132070

Catalyst: so, what is the catalyst that results in the market taking the next leg down? I think until we get a big shock to the market, the market is just going to pop around back and forth, and if they bail out the monolines or do something else that gives some liquidity to the structured finance area for awhile we could actually get a short term pop. Yeah, we definitely have some problems lurking out there but until they are forced on people I don't know if this market is going to really care- they think that the credit crunch is baked in, presumably.