Tuesday, October 14, 2008

Anyone want to buy some credit default swaps?

Morgan Stanley's are down 600 basis points today! Now that the government is all in, how are the shorts going to be able to raid companies? We won't be able to hear that CDS blew out on such a such name, and therefore that company is in trouble.

That game is over. The shorts playbook has been Belichucked! And without their best weapon, even the Pats are an also ran.

So it is with the shortsellers.

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