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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (9039)	3/16/2008 8:25:36 PM
From: Stoctrash	Read Replies (1) \| Respond to of 33421

Yep...and Warren Buffet's own newspaper didn't peep a word about it on Sunday, not even a story on the back page. UFB> My guess is his AIG is AFU. ps...I've already written the editor to see if he had a phone call from WB to mold his news this weekend....LOL

To: Hawkmoon who wrote (9039)	3/16/2008 8:27:16 PM
From: stomper	Read Replies (2) \| Respond to of 33421

(cribbed from Stool): From When Genius Failed, p. 205. It was all Allison's meeting now. The numbers man decided to take a poll. Bankers Trust said it was in.... Barclays was in. All eyes darted to the hulking Cayne, slouching next to Spector, his colleague. The Bear (Sterns) CEO said, "We called this morning to tell people we wouldn't be in." There was a deathly silence. Then, in unison, the CEOs demanded an explanation. This only made Cayne more resolute. Bear had enough exposure as a clearing agent, Cayne said. He wouldn't say more. The others though it was ludicrous. Bear was holding $500 million--it was the least exposed. "They had a different view of the world," one participant said acidly. "They're completely self-interested." Suddenly these paragons of individual enterprise seethed with communitatian fervor. Purcell of Morgan Stanley turned beet red. He fumed, "It's not acceptable that a major Wall Street firm isn't participating!" It was as if Bear were breaking a silent code; it would pay a price in the future, Allison vowed.

To: Hawkmoon who wrote (9039)	3/16/2008 8:36:43 PM
From: stomper	Respond to of 33421

edit

To: Hawkmoon who wrote (9039)	3/16/2008 8:38:13 PM
From: nspolar	Read Replies (2) \| Respond to of 33421

'or $2 a share' Incredible beyond words, imo. Any type of TA at times is as worthless as shit, imo. I do not follow BSC, but I just looked at the chart, and I see no hint of such a collapse. A top and correction yes, but an utter collapse no. This business of investing is so tough at times. I had thought Mr. John Pitera was maybe over hyping the fundamental issues w/r to the broader credit picture, just a tad perhaps. Rather, now I think he and others on this board have done an excellent job. OTOH how this all works out in the broader scheme of things is a story yet in progress. And it will be oh so interesting to see how much The Fed cuts on Tuesday. The rock and the hard spot as I see it is that JQP does not want to bail all these bastards out. So there is likely a lot of behind the scenes manipulation going on. Plus The Fed can not be seen as being soft on inflation. In the end my bet is that what they do will in the LT sense will be inflationary, even though it may not at this moment seem that way. I think it likely we are dead nuts in the center of a bowl type transition, from deflation to inflation. Later.