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re: Banking Sinking Faster Than Gov Can Bail

Posted on 12/30/08 at 11:43 am to
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 12/30/08 at 11:43 am to
It's tough for me to say I'd want to be long in any asset class right now. For that reason, I'm glad I don't have any money to lose.
Posted by Rivers
Florida
Member since Nov 2008
3256 posts
Posted on 12/30/08 at 11:49 am to
1) Lost opportunity is faaaar better than lost capital.

2) My time preference is somewhere over the horizon.

3) I read 'The Way of the Turtle' long ago. Now I am writing my own version 'The Way of the Frozen Snail'.
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 12/30/08 at 11:52 am to
you have to be long something. long FRNs is still long...
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