Hey ECB, we can lend you Big Ben for a weekend - so we can solve this Greek crisis.
I wonder if we are seeing a dearth of buying power in the market with GS sitting on the sidelines... saying -- "Ok folks, you want to see what a market looks like with a little fear and no GS in the market providing liquidity?" (!!)
I still think the global contagion is wrong, but the prices are dictating that it's correct....
Gee, all of this happened this week RIGHT BEFORE the modified uptick rule goes in force on Monday, 5/10/10. Hmmnnnnnnnn......The modified uptick, which I still don't like nearly as much as the original, might just look good in the absence of no uptick.
Did I actually just write something in favor of the modified uptick?
Why is the world being held hostage by credit rating agencies that should have very little credibility themselves?
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