"Heard" that Greenspan would have given till June 1st deadline to the derivatives industry to clean up their mess.
Guessing that uncle Al is sitting on his wallet now and that the industry has to do it on her own.
Another deadline is Aug 14 from which date officers will be held responsible for the accuracy of the piblished co. data.
I would expect many cos. to pospone their quarterlies as long as possible while, cleaning some mess.
This all requests some "real" monies to be found.
So, selling of Wilshire as a whole (selling the winners to cash some doh) does not surprises me a bit.
lvlamb a k a
Louis V. Lambrecht
Whenever you find that you are on the side of the majority, it is time to reform. (Mark Twain)
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