• Can you imagine what foreclosure would look like? 
  
  
•  If the financials are going to bounce, isn’t today the day?
  
  
• After all, between 1) fund managers purging exposure into quarter-end, 2) Turnaround Tuesday and 3) the relative proximity to BKX 60, isn’t this Snapper’s best shot at redemption?
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  Week in Review: June 6. 2008
  Crude Conundrum
  Random Thoughts: Massive Two-Sided Risk Looms
  Two Ways To Play: Yahoo Loads New Page
  Random Thoughts: Chewing Through the Morning Dew
  

  The Other Side of the Dollar
  Randoms: A Devil of a Level
  The Mother of All Pennants
  Monday Morning Quarterback: Printing Press vs. Credit Stress
  Freaky Friday Potpourri: Why the Lower Dollar Isn’t an All-Clear
  
  
  
  
• If Wachovia (WB), JP Morgan (JPM), Lehman Brothers (LEH) and Fannie Mae (FNM) traded as funky as they did yesterday with the futures higher most of the session, how the heck would they trade if the worm really turns?
  
  
• You see UBS AG (UBS) and Deutsche Bank (DB) both taking 5% haircuts on the other side of the pond, right?
  
  
• Why do I get a very strong sense that a trusted choice for a financial voice—as found in Minyanville, which is sometimes right, sometimes wrong but always honest—will be a pertinent societal need for the next five years?
  
  
• In that light, wouldn't now be an opportune time to share that I sold the last tranche of my American Express (AXP) puts yesterday?
  
  
• Is there a better read on the Street than Pepe Depew's Five Things?
  
  
• Is General Motors (GM) a bounce candidate into 3Q?
  
  
• Y’all keeping an eye on that Google (GOOG) gap between $525 and $450?
  
  
• Does "down 20%" matter to a bear market any more than back-to-back quarters of negative GDP growth matter to recession?
  
  
• After all, isn't the market a discounting mechanism?
  
  
• And by the time we read about it, the tape is already looking past it?
  
  
• More importantly, doesn't social mood and risk appetite matter more to both?
  
  
• Where the heck is Franklin Raines?
  
  
• Who the heck said it was gonna be easy?
  
  
• Haven't we been monitoring the writing on the Wall Street wall for some years now?
  
  
• The question du jour: Quarterly inflows... or quarterly outflows?
  
  
• Do you think Armand and Albert Goldman are still happy together?
  
  
• Was the single most disturbing action yesterday the fact that the VXO was down 4%?
  
  
• Are Minyans really surprised that the Pentagon is now warning of an Israeli attack on Iran?
  
  
• US venture capital funds failed to take a company public last quarter for the first time since 1978?
  
  
• Billionaire investor Eli Broad said the U.S economy is in the “worst period of his adult life” and the housing recovery is “several years away?”
  
  
• That’s not too different from my vibe that we’ve got five lean years ahead of us, right?
  
  
• Does that mean we won’t see rallies litter the landscape to infuse false hope and empty promises?
  
  
• After all, don’t the sharpest rallies occur in the context of a bear market?
  
  
• And regardless of which way the fray sways, shouldn’t risk management trump reward chasing as the central tenet of money management?
  
  
• Given the pushback I receive when I offer a contrary opinion—such as being bearish on the banks last spring or bullish for a trade on March 17th—what does it say that hundreds of people on the Yahoo message boards spewed venom towards me when I offered that my long-term nest egg (which is different than my short-term speculative trading account) was 100% cash?
  
  
• Other than offering obvious anecdotal evidence?
  
  
• Hey you at the beach—having a nice day?

R.P.