Surprise. Surprise. Surprise. Enough already. Second biggest drop of Dow in history. Actually, no surprise to us. As we were saying in our last letter panic sell offs are invariably…
October 13 2008 Morgan Stanley in the great apotheosis. (Sorry for the college vocabulary. Maybe Gotterdammerung would be better) As a comment, and a lesson and as a possible investment…
October 13 2008 Astounding. Miraculous. Weird. Speaking of the madness of crowds and herd behavior. Well, we were weren’t we? An 11% day in the Dow? As we said Friday…
October 11 2008 Friday Volatility in the Dow Industrials Climax day? Abject Capitulation? Surrender? Throwing in the towel? Who knows? Friday, in another example of bungee markets the Dow transversed…
Today, Friday October 3 2008 the House of Representatives finally passed the (take your pick) Wall Street Bailout bill, Pig with Lipstick bill, Pig in a Poke bill, Bank Rescue…
