InvestorsHub Logo
Followers 36
Posts 1777
Boards Moderated 0
Alias Born 12/30/2004

Re: None

Friday, 11/09/2007 7:25:30 PM

Friday, November 09, 2007 7:25:30 PM

Post# of 173813
Len - Don Coxe has a way with words:

"7. The problems of the financial system haven’t vanished because of two rate cuts. An aged, emphysematous hiker accustomed to smoking two packs of cigarettes a day may start breathing more easily after descending from an ill-considered trip up a mountain, but that doesn’t mean he’s a candidate for a $1 million term life insurance policy without a medical. Those big bank SIVs are leaking badly, and Asset-Backed Commercial Paper still suffers from a rare condition of the financial climate: Global Freezing. Remain greatly underweight the banks and mortgage lenders."

I hope you are getting "Basic Points" from me?

Kipp

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.