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To: upanddown who wrote (105357)10/31/2011 4:20:40 PM
From: JoppsRead Replies (1) | Respond to of 118717
 
Just a blip on the road, the trend is still VERY strongly bullish. As Cramer noted, hedge funds need to make up for their losses and will be buying to create a year-end rally. Today's dip will scare off the average Joe's waiting on the sidelines...like me.

Firmly in cash, but looking to buying for the year end rally.



To: upanddown who wrote (105357)10/31/2011 8:16:51 PM
From: RobohogsRead Replies (1) | Respond to of 118717
 
He is all that is wrong with America. Complete failure on several dimensions and he will get another $10 million per year job. Apparently Fuld is re-employed.

Jon



To: upanddown who wrote (105357)10/31/2011 10:00:03 PM
From: Cogito Ergo SumRespond to of 118717
 
To: The Black Swan who wrote ( 82496)10/31/2011 9:24:04 PMFrom: TobagoJack Read Replies (1) of 82506 just in in-tray

From: M
Date: Mon, 31 Oct 2011 22:32:33 +0800
Subject: Re: Comments - Week of October 31

What a surprise.........and what a jerk.....

M

SNIP:

The big story of the day in finance is the bankruptcy of MF Global -- the futures trading house run by ex-Goldmanite Jon Corzine.

Even before filing for bankruptcy, the firm was suspended from dealing with the New York Fed, and two exchanges banned the firm's traders from accessing their trading floors.

A major contributor to the firm's downfall: Outsize risks taken by Corzine, as it bet heavily on European debt last year, something that obviously hasn't gone so well.

So what happens when the firm goes bust, Corzine leaves, and lots of other people lose their jobs?

DealBook reported that Corzine's severance package could allow him to walk away with around $12 million.

$12 million for joining a company and, in two years, flying it into a mountain.


Quick, someone go tell Occupy Wall Street.

Read more: businessinsider.com