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To: Keith Feral who wrote (65048)9/23/2008 2:48:16 PM
From: Jack HartmannRead Replies (1) | Respond to of 118717
 
Senate leader Dodd was just on the News saying the 700B billion bailout terms are not acceptable. Let's see if the market drops more. S&P 1201. Dow 10974.



To: Keith Feral who wrote (65048)9/23/2008 4:07:25 PM
From: SchnullieRespond to of 118717
 
I would think of shorting most anything here, and particularly the dollar. Do you think they can borrow-n-buy their way out of this (more like print-n-buy) without creating massive market distortions?

I have no illusions that there aren't additional huge stinky surprises out there, waiting for somebody to stumble over them.

An increasingly cynical world is surely going to have less appetite for our trash cash.

UDN is at $27.95 as I type - let's check back in 1 week, 1 month. Winner gets a dollar or a peso, as he prefers.