Ard:
"key point here is that they still don't understand the loss on these toxic debt packages that are still out there. I think its going to be a phased problem with periodic writedowns as they slowly get an understanding of the magnitude of this issue."
Agree!
JD:
"Dow trading on Friday was positive except the banks due to they writeoffs but the rest of the economy is still steaming along if you believe the data."
Agree/Disagree! US was disappointing fri. Data couldnt have been more positive. Im a little worried about the effect of $100 oil on industrials.
Anyone worried about OIL or is it all FINANCIALS, FINANCIALS, FINANCIALS....
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