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Big problem even I can see now.

Guys on SquawkBox are all smiles; DOW futures are up 450 ish.

If 1 AM (CA time) comes around and the rally doesn't hold, everybody will be heading for the exit doors.

Today could be definitive; the smiling people WANT this to work.

In the end, might makes right. Nothing has changed since the caveman.

by THE Twank (yatta blah blah @ blah.com) on Mon Oct 13th, 2008 at 09:36:31 AM EST
[ Parent ]
The smiling people don't get to decide whether banks lend to each other.


A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Mon Oct 13th, 2008 at 10:18:10 AM EST
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