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Posts Tagged ‘Rounders’

August 27th:

That’s a quote from Rounders (before they get beat up by a bunch of cops at a card game), and whenever I think of it in terms of the markets for the past week, I can’t help but laugh. There has been light volume on the major indexes, and people are either waiting for Hurricane Gustav to materialize, or for Fannie & Freddie to be nationalized. Also, Downgrade season for the banks seems to be over, so now when we get news of a management restructuring over at Fannie Mae, it calls for a celebration in after hours trading! (It’s not like this move matters…it doesn’t change the fact that they’re through as a private company).

Sorry for the lack of material lately, but the markets haven’t been as entertaining as things like this:

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