another subprime victim, page-195

Peter

Here is a classic example of what I'm talking about. On the one hand you post this:

Incidentally if shorting plays such an insignificant role in the market then why is last weeks rally being put down to short covering? You would think that would also be insignificant

Earlier you were quoting a "better informed opinion" who said:

But it seems likely that the main explanation for the market rout in Europe was earlier sharp declines in Asia, general concerns over the US economy and specific worries about the monoline insurance crisis.

So what is it that caused the rout last week Peter... shorting with no basis other than to create panic; or, concerns about the economy and monoline insurance?

You are quick to deride others and yet it seems you have not a clue what you think other than that you are a bull.

Regards

- HBG

---

Trade the market you see - not the market you hope for!