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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Bert who wrote (41073)	10/10/2008 9:25:55 PM
From: bull_dozer	Respond to of 217815

> Paulson said the program to purchase stock in financial institutions will be open to a broad array of institutions. Like GS? <NG>

To: Bert who wrote (41073)	10/10/2008 10:41:31 PM
From: TobagoJack	1 Recommendation Read Replies (2) \| Respond to of 217815

they must do so, either buy the banks, or become the bank, direct to retail level, because just in in-tray from hk fund manager From my uniformed vantage, it appears the upstream beaver-dams are in need of being blown up. Overnight lending rates are indicative of the downstream lack of any credit trickle to the mainstream (excuse my simplicity). Bill Gross put it this way: "Imagine yourself at the drive-thru ordering a Big Mac. At one window you order and pay, at the other - 20 feet ahead - you pick up your lunch. What if you thought that after paying at the first window, your 1000 calorie sandwich might not be waiting for you a few seconds later. You might not pay; business as usual might not take place. That is what is happening in the credit markets. They are frozen in "McFear."" October Letter Bill Gross here: pimco.com He suggested the "Federal Reserve must now act as a clearing house, guaranteeing that institutional transactions clear (and investors receive) their Big Macs at the second window." I would not think it unimaginable that if this plan (or ones coming, if any, this weekend) were implemented, it might blow-up those dams and result in a sudden torrent of pent-up water coming back into the streams. It might wash out everything in its path. We might see a 2,000 point opening in the Dow.