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Thread: The ugliness south of the border.
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Old Mar 19, 2008 | 4:19 am
  #6  
Tangoer
 
Join Date: Dec 2006
Location: Closer to YTZ
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It's mostly rigged. We are "ordered" to see Bear Sterns shares for $2, pennies on the dollar, to the bankers (JP Morgan) . Free market? I don't think so.

Did you notice the massive market rally yesterday on the Fed cut - whereas Sunday's emergency cut had no effect? By no coincidence the Visa IPO is today. JP Morgan is involved in the IPO.
There is no way Wall St. will lose money on that one.

This game is old and tired, they always end up buying our assets for pennies on the dollar.
I've worked in the industry for 5 years, following it quite closely.
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