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Comment of the Day

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"I'm an optimist but this thing is not even close to over. The bailout helps but it's a temporary patch for a long period of de-leveraging that is taking place. Call any (national) bank you can think of - nobody is lending money. The equities markets are not taking this into enough account. Why are these companies a buy today when they were a sell yesterday? Well, do you think that the fucking government put a ban on short-selling financials until October 3 might have something to do with it? In the long run New York real estate is a fabulous investment, but this is an artificial bounce." [Wall Street Meltdown Report]