Wednesday, July 16, 2008

Looking for an explanation of the financial bomb?

This comic is pretty fun although its a bit long.

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/03/26/bcncrisis126.xml

I loaded up on a lot of aug puts today: WM @ 0.90, WB @ 2 and LEH @ 2.25. Looking for more down turn. I say VIX has to hit 35 before I call it a bottom.

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