not!
still, portfolio mgmt 101 tells me that after my financials portion have ballooned my account's leverage factor to 3.1, something had to be done. so, i had over a dozen sell orders and by the end of the day, nudge the leverage ratio to 2.4. this was not the biggest reduction in the chiu index, there were a series of sharper drops back in the internet bubbles days. back when cmgi and csco could not do anything wrong. whether gs and ms are out of the woods and businesses return to them as before is still unclear after these rtc-redux talks.
what i do know is whatever the govt plans are, we the people are stuck with the bill and there is nothing we can do about it. any strong market rallies from here will only plant seeds for more trouble makers in the years ahead. this notion that the govt will come on a white horse when there is great moral hazard just invites for greater mischieves.
remember, even the roman empire failed.
paul
No comments:
Post a Comment