@realmoney
Recommended Viewing - A Blast From The Past
* The financial system was imperiled in late Summer 2007 though the bulls argued the Fed will come to our rescue
* With the benefit of hindsight, the Fed was not successful
* Sound familiar?
Here is a great debate I had
Recommended Viewing - A Blast From The Past
* The financial system was imperiled in late Summer 2007 though the bulls argued the Fed will come to our rescue
* With the benefit of hindsight, the Fed was not successful
* Sound familiar?
Here is a great debate I had
with @jonnajarian on Fast Money (with Dylan Ratigan) I August, 2007 (right before the market fell apart)
The core arguments presented by Jon and the other bullish panelists on Fast (look how young Guy Adami appeared!) was that the Fed was our friend and
The core arguments presented by Jon and the other bullish panelists on Fast (look how young Guy Adami appeared!) was that the Fed was our friend and
that modest EPS revisions lower were already priced into the market after a near -10% drop in stocks.
My best idea in the debate was to short the private mortgage insurers - Radian, MGIC and PMI. (The stocks fell by over 95% in the next 1 1/2 years!)
My best idea in the debate was to short the private mortgage insurers - Radian, MGIC and PMI. (The stocks fell by over 95% in the next 1 1/2 years!)
Today, the Fed is still seen as our savior. @jimcramer @tomkeene @cnbcfastmoney @SquawkCNBC @andrewrsorkin @beckyquick @carlquintanilla @michaelsantoli @pimmfox @FerroTV @lizclaman @guyadami @joeterranova @riskreversal @saraeiseman @MelissaLeeCNBC @joesquawk @SullyCNBC
