have anything to do with HCBK and other basic bancorps ?
is it our system of trading ? etf's? it all moves like stampede of elephants
now ms has actively trading 5 puts very much the same as bear sterns did .
they are connected and yet not so...
why a home lender should get pumped up and down along with the MS
i guess you see where i am going with this
buy the cheap bancorps that have been pulled down by morgans leverage owning europe debt on a no money down basis
the blow up of these gamblers has pounded our share prices
but may not have pounded the biz of the bancorps
sure it will shock the economy stall it etc...but basically the same a hit to earnings for a few quarters from the slowness , but people will still by homes and buy cd's at 0.30% interest in a 1% growth econ
so strange that we follow lock stock and barrel MS...i ask the question WHY?