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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (79752)	3/15/2008 2:05:41 PM
From: Real Man	Respond to of 94695

I bought GM in the teens this week. -g- Prepared to average in. Thinking of buying F as well. I won't touch financials at this point, but if C drops into single digits, I'll have a toe into it. Would not buy BSC -g-

To: robert b furman who wrote (79752)	3/15/2008 5:56:30 PM
From: Real Man	Respond to of 94695

Here is a post on swaps. Was that BSC? Message 24303449 "Unlike in equities where traders would often employ house cleaning activities, the swap books are usually a mess and a mountain of swaps built up over time." Gulp! Gulp! Gulp! That's "only" 400 Trillion notional! And, credit swaps are mostly floating to fixed, and libor is misbehaving, per TED spread. bloomberg.com TED spread this high has not been seen since 1987 crash.

To: robert b furman who wrote (79752)	3/16/2008 5:32:05 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

GM trading almost at 1982/1974 bottom. Isn't this stunning? Like Nissan in 1999. Regret I did not buy their (nissan) stock then, but I bot their car. Now I'm buying GM car and I bot GM stock. Rebates and credits abound. Just averaging into GM, chart does not look good, but the value is. The more the buckie drops against Yen, the better off GM will be.-g- There is that risk of BK, but I don't think BK will happen to GM, especially after they got rid of GMAC. Negative stuff on their balance sheet that hit this Fall is pension liability, can be postponed, and definitely NOT new. -g- F now produces Volvo, that used to be a nice vehicle, maybe not anymore -g-