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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (56335)	4/11/2008 12:38:50 PM
From: MulhollandDrive	Respond to of 57110

good point... it's trading right up there on par with BSC yes, that would be sarcasm <gg> seriously though..if you think the financials are out of the woods, then go for it..but i think we still have a transparency problem, which i expect will continue i read somewhere earlier that goldman is saying they wm still has something like $17 to $23 billion in losses embedded in their current book of which thus far only $3B has been charged off....so you could be right about it being 'priced in' my pov is the while current losses may be priced in, the losses are a moving target and i think we are in the early stages of defaults (not just mortgage, auto loans, credit cards, student loans...commercial real estate)