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pretzel: Blogs

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well thank GOODNESS for that bailout package eh?

pretzel posted on 10/06/08 at 07:57 AM

See how it soothes nervous investors?

Seriously, though one of the things I've been thinking about, after discussing with one of my friends about how the market for those credit default swaps is in the TRILLIONS of dollars, is that I have no idea how much leverage was/is in the market to begin with. So while selloffs like today tempt me with what i consider good companies with very good dividend yields, I'm not so sure we're anywhere NEAR a bottom and perhaps there needs to be a lot more de-leveraging to go. Just my thoughts, as always, perhaps misguided.

Cheers,

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pretzel > Blogs

well thank GOODNESS for that bailout package eh?

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