Parisian Family Office, CEO. Started Wall Street, '82. Drexel Burnham alum. Founded Chippewa Partners, Native American Advisors, '95. Chippewa, raised on reservations. Conservative. NYSE/FINRA arb. Pureblood. Independent insight. Trading in a world on a social media dopamine binge, from GHOST RANCH on the Yellowstone River in MT, TN estate, PAMELOT or CASA TULE', his winter camp in Los Cabos, Mexico. Play by my rules. Always been, will always be, an optimist.

Tuesday, August 14, 2007

Stocks dive 208 on credit problems

I love the negativity from all fronts. Headlines abound about how "bad" it is.

It has always amazed me how whenever the market doesn't set a new high every day, or every hour, a host of nattering nabobs of negativism come out of the woods to decry the woes of the economy and the market.

It was time to clean up the credit markets, cheap mortages, fake mortgages, fake qualified buyers, some hedge funds, some big brokerage firms and afew hot-shot traders.

Overdue, really.

The market is doing a good job of it. In orderly fashion.

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