Do you believe how the market is taking off today? Amazing that the financials are leading it. UBS takes a 19B dollar write down and Lehman raises a few billion in capital at the expense of a 7.25% dividend rate and we are out if the woods. These investors are crazy. There must be so much money burning a hole in the big firms pockets that they just can’t help themselves. How can so much “bad” news be looked at like “good” news?
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