MorganStanley-Wachovia

[SHELLY]

Read the details of the AIG transactions. I want a piece of that !!

If you're a US taxpayer you already own "a piece of that."

.

 

[SHELLY]

I actually remember the '87 crash.

My piano teacher (who had lived through the Depression) freaked out and almost canceled my lesson! The only time I ever saw her less than serene - impressive considering my skill level - and it made quite an impression on my 8 year old self!

Ah..the crash of 87'. :roll:

The only businesses that spiked on that day were the dry cleaners in lower Manhattan--right Goofer?

.

 

[flyforfun]

Ah..the crash of 87'. :roll:

The only businesses that spiked on that day were the dry cleaners in lower Manhattan--right Goofer?

.

Goofer is sleeping with a smile tonight....fiinalllllly

http://biz.yahoo.com/ap/080918/wall_street.html

 

[SHELLY]

Goofer is sleeping with a smile tonight....fiinalllllly

http://biz.yahoo.com/ap/080918/wall_street.html

Sleep soundly tonight dear friends, all is well......pay no mind to that humongous steaming pile of radio-active chit in the middle of the room--it will still be there when you wake up.

.

 

[Miss Kitty]

A wild ride. a 100% round trip. A whole host of reasons why so much volatility in MS as well as GS and all the big financials. Short rules invoked again, leading to covering, serious talk of an RTC like agency to buy the toxic paper from financial institutions, and panic. This week might have presented this same sort of opty that was available Oct 19, 1987. The big banks have all rallied dramatically from the lows of July 15. Cooler heads have realized the huge opty present in blue chips. Stocks that are not effected at all by the credit crunch have been killed because of the rush to liquidity. This has created the opty. I lived through 1987 and believe me, I panicked like everyone else. I worked at Bear Stearns then, managed $50 million in an in-house hedge fund I created. I lost $7 million dollars that day for Bear, the firms other investment accounts lost $100 million. If I had bought and not panicked I would have been a genius. I learned so much during that period that I could write a book. Lessons learned have served me well.

I was in NYC for the very first time on that day in 1987! We went down to Wall Street the next day and oh, man...the crazies were out with bullhorns proclaiming it was the end of the world.

 

[Mango]

I was in NYC for the very first time on that day in 1987! We went down to Wall Street the next day and oh, man...the crazies were out with bullhorns proclaiming it was the end of the world.

Busted.

 

[Miss Kitty]

Busted.

...little did we know we would meet again someday!

 

[Mango]

...little did we know we would meet again someday!

and that we would upgrade to a conch shell.

 

[goofer]

If you're a US taxpayer you already own "a piece of that."

.

You know exactly what I mean !!!

 

[goofer]

Ah..the crash of 87'. :roll:

The only businesses that spiked on that day were the dry cleaners in lower Manhattan--right Goofer?

.