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IDS World Markets Fri 19th September 08


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Anyone heard what the govt will be paying for the MBS toxic paper? Will it be face value or market value......big difference.

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Whiskey Haines asked that question half-a-dozen times this morning while I watched. No one seems to know. I'm not sure anyone beyond a handful of us even appear to care.

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Half from here or a lot higher?

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I'm betting we retrace half the 10% up move in the indecies over the last 2 days...I think we will go higher after that.....I just think we have come too far too fast. <_<

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