posted on Sep, 4 2007 @ 11:33 PM
Maybe this is what that strange option activity was about. This is the first time i've ever been to that site, and I don't know what its bias is, so
if anyone is familiar with it i'd like to know. After reading through the article it looks like some of the big boys in the banking world may be
doing some hanky panky with the books.
On another note, I took a look at the end of month legal notices in my local paper this past friday. There were pages and pages of forclosures and
bankruptcies and I live in a county of less than 100,000 people, that has a new industry moving in so we are still seeing real estate appreciation. An
entire section of last friday's paper was legal notices. I don't think I've ever seen that many.
The market was up today on relatively light volume. Today being the first trading day of the month is also the day when most mutual funds get and buy
equities withthe money that you've put in your 401K.
Personally, I'm expecting (and betting on) a major correction within the next two months. I could be wrong but I've placed my bets with money I can
afford to lose, and gonna let the cards fall where they will. The drop back in the middle of August didn't quite hit the 10% that one would expect of
a true correction so I think we are still due. The longer and higher the markets go before then the harder and more violent the correction will be.
While I was rereading the article I found the Bear Sterns articles from rueters. Apparently BS wanted to move it to the Caimans and file bankruptcy
and their clients started filling lawsuits. I'm not sure if this is to avoid lawsuits, or to avoid outside liquidators. They relate I'm just not
sure exaclty how.l
(visit the link for the full news article)