An irreverent look at Wall Street
http://market-ticker.denninger.net/
A different perspective on e*Trade. 26 cents on the dollar indicates a floor. Market had priced in 18 cents. If Citadel bought the assets so quickly, it means they can get .45 cents on the dollar for them. Instead of being bearish, it's bullish.
Post a Comment
2 comments:
http://market-ticker.denninger.net/
A different perspective on e*Trade. 26 cents on the dollar indicates a floor. Market had priced in 18 cents. If Citadel bought the assets so quickly, it means they can get .45 cents on the dollar for them. Instead of being bearish, it's bullish.
Post a Comment