[TigerLikesRooster]

Ping!

[Travis McGee]

"There is absolutely no truth to the rumors of liquidity problems that circulated today in the market. Bear Stearns' balance sheet, liquidity and capital remain strong."

~~Alan Schwartz, Bear Stearns CEO, March 10, 2008

[jiggyboy]

Kinda makes LEH’s expiration-day short-squeeze (man that is a textbook graph of a short squeeze) from 42 to 50 look just a wee bit suspicious. And you know I’m not a suspicious person *cough*.

I’ll say it again, these multi-percent moves up and down every other day are NOT the sign of a market that is instantly digesting and completely and efficiently reacting to every technical and new fundamental disclosure. They are a sign of overcorrection, or wild movement for no reason whatsoever. The wheels are coming off the cart.

I think a lot of people have figured out that the Friday miracle rallies are just attempts to shake us out of our short positions at the worst possible time. A lot can happen in two, or in this case, three, days, and you gotta bet that the stuff that happens is gonna be bad instead of good.

That said, I wonder if Monday “They” will do the old “panic gap down is the low of the day” as is their usual practice. Screw ‘em. I’m fully re-loaded with QID’s at 52.80, in the red for the moment but far below my previous sale, and I’m holding.

[M. Espinola]

Goldman Sachs and Lehman Brothers; the twin market manipulators.

Downgrading either one will in no way effect the millions/billions made for assisting in creating the economic mess for those CEO's at the very top.