Replies to post #34165 on The Black Box

[alanrs]

I have no idea how this all plays out, I was just amazed by the manic depressive nature of the reporting. Also was surprised by an apparent turn about by Ron Insana, for whom I have some respect. From nobody knows how bad the mortgage and credit derivative losses will be to I think we're ok now after Bear Stearns and the 75% cut. Based on what? I get the odd feeling that it's based on a phone call in the night requesting the best face possible be presented so as not to spook you and me.

I like Jim Rodgers and saw all of his recent interviews. The problem with him is that he's got a lot more money than I and can afford to take a position that ultimately proves correct, but that I could not due to the waiting time involved. He called the commodities correctly, and if I had the patience to watch dead money sit there for 10 years I would have made a fortune by following him.

Anyway, interesting times.

ARS