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

To: John Pitera who wrote (12140)3/13/2009 12:07:07 AM
From: Stoctrash1 Recommendation  Read Replies (1) | Respond to of 33421
 
You've got that right JP.....oversold to the bone.

AND.....we've had these recent events:

...Fib level, CDS clearing established, Banks booming w/ profits (cough), 666, Merriman cycle low, public sentiment, ...and of course GM selling cars like mad (cough again)




To: John Pitera who wrote (12140)3/13/2009 1:55:16 AM
From: Hawkmoon  Respond to of 33421
 
Looks like Congress might take some action on Mark 2 Market accounting if the bean counters can't come up with a new standards on their own:

c-span.org

I still hold that FASB 157 was poorly thought out, given what we've experienced due to illiquid markets.

Hawk


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