Finding Out Who the Naked Swimmers Are “You don’t know who’s swimming naked until the tides goes out.” —Warren Buffett. When stocks abruptly turn south, there are two kinds of Sellers: those who want to sell, and those who need to sell. What would make a stock market speculator investor have to sell? I can...Read More
Adding Fuel to the Fire — Then Buying Fire Insurance According to Margin Call — the most recent movie to tackle the Wall Street-authored financial bust — the honchos running the nation’s biggest investment banks realized too late that the market for mortgage-backed securities was going to collapse. So, literally overnight, they did a 180, dumping their...Read More
