The Fed will extend swap lines to Cyprus and the ECB will concoct some ingenious plan, all to be revealed on Sunday night. I’m starting to believe these people aren’t stupid after all. They feign dumb, self-inflict crises, then drop the hammer on anyone who sold short.
What better way to win the hearts and minds of the people than destroying the opposition?
Over the past 5 years, there’s been a coordinated and very organized effort to hurt short sellers, or people who just want to get 2-3% in a savings account.
This economy favors risk, speculators, people like you and I willing to buy FRO because they are heading for bankruptcy, not because their earnings, or lack thereof, are any good.
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Fly, are you a believer in the thesis that shortened weeks from market holidays often brings rallies?
Next week being Good Friday
Or everyone is surprised that Italy won’t be able to meet its 3/26 deadline and have to have elections again…
Good point. Time to throw meatballs again. The EU is like a box of chocolates.
The Fly…you’re so right.
Has the devil started breaking your balls yet for selling CALL at the lows?
A coordinated G8 monetary policy designed to kick start the economy is working.
When the French minister of economics declared last year that “austerity is counter-productive and will not be tolerated by the populace”; he wasn’t just talking through his hat.
any systemic risk will be cauterized quickly. 08 will not be allowed to happedn EVER !!
funy thing is BCG wrote a piece about all of this in 2011 and hitting people with a “one time tax’ to make up for all of the shortfalls. Cyprus is the Lab.
Buying FRO when it’s heading to bankruptcy?. What a silly buy. Admitting it’s heading to bankruptcy and then buying it. LOL!
I am being sarcastic