skinnej, I am not going to blow my “bull” horn quite yet, but today was certainly a step in the right Bonzo direction. nice rally, good volume, the Fed move helped a LOT! as you staked your claim yesterday, I am staking mine, today marked the bottom. we might not be up tomorrow, but liquidity is no longer the issue that it once was and I predict we will move higher from here. now if only Bear Stearns could get their act together…
oh and by the way, did you see that move in TMA? 
PALMETTO C ~ 16’ Sea Fox
The Morris Island Lighthouse web page
www.savethelight.org
I saw the move by KY Jelly…I mean KRY…
look a little deeper into KRY…I think WB is gonna buy them out! ouch!
PALMETTO C ~ 16’ Sea Fox
The Morris Island Lighthouse web page
www.savethelight.org
$100+ Billion in Fed Treasurys lend short to primary dealers.
Widest credit spreads on agency paper in history.
Pumping liquidity into the market with hopes investors roll out of Treasurys to close the spread and keep Fannie from loosing her fannie, while ****ing your primary dealers with the ultimate short squeeze on Treasurys, who just so happen to be on the verge of bankruptcy themselves-temporary save.
Ajit Jain (Head of BRK insurance business) testifying before Congress Committees today saying “With insured muni bonds selling at higher yields than corresponding uninsured bonds, buyers have every right to question the value of the bond insurers’ promise to pay.”
Go ahead be a bull, because this **** isn’t going to last too much longer; Bernancke is about out of T-bills to lend/repo.