SPDR S&P 500 (SPY): He was screwed from the instant he decid...

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Re: Neutral Man post# 80209

Monday, 05/04/2009 11:27:37 AM

Monday, May 04, 2009 11:27:37 AM

He was screwed from the instant he decided to borrow money against a future asset appreciation. I'd bet he didn't have cash flow to retire the debt in a timely manner, either.

Terminal values are just that. When you get there, you're probably dead.

Whatta Monday so far ...

rr

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