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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (5457)3/16/2008 10:32:15 PM
From: Cogito  Read Replies (1) | Respond to of 20435
 
>>Seriously? 2 thousand points? I think its going to be bad tomorrow but not that bad. Right now, the Nikkei is down 400-500 pts and that's where I expect we will be tomorrow.<<

Tejek -

I hope I'm wrong, and I certainly could be.

I may be just reacting emotionally, because I know a lot of people at Bear Stearns. It's a phenomenal collapse, though. There really hasn't been anything this big since Enron fell. And Enron wasn't a giant investment bank with a very long history, and counterparty agreements all over the world.

- Allen