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Nice move.
so a p/e contraction huh. and you think it’s tied to debt restructuring,or lack there of…. so correct me if i’m wrong here scott,if bac blows up to smithereens would that have any relief considering that the housing market weighs also on the market? hey, i was wondering what happened to matt nesto. and how often do you go on with jeff. i like your take on all this.
Drum,
Up till recently, financials and everything else was segregated. That’s the beauty of QE magic dust.
Now, without Dust, and banks “failing” and the economy “shrinking”, PE’s don’t justify their premium and only now is it coming out…
That was a solid piece. You definitely owned the floor.
I didn’t smile enough…
Well done.
Scott,
you have been so right. You said the same thing a dinner. Nice work, chuck bennett bottom should and will be tested.
regards
chuck
“Costanza Market??”
I hope you are paying royalties for that. 😉
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Costanza ECONOMY…
BTW — I love how you set Macke’s teeth on edge like that.
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