Stay Tuned …

I do not pretend to be an expert on financial markets. However the financial markets amateur in me offers a big "Hmmmm ..." when I see headlines like this one from yesterday's Wall Street Journal: "Prime Time? Investors Bet Against AAA." In short, prime AAA mortgage bonds are going for 30 cents on the dollar. Yup, AAA!

What bottom?
(Hmmmm ...)

Tom Peters posted this on December 10, 2008, in Markets.
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