Toddo On TV: The Hearing and the Rally

Minyanville Staff  Sep 23, 2008 4:40 pm

Toddo On TV: The Hearing and the Rally
 
Markets, movers and more.
 

 
There's a difference between short sales and short sellers. Toddo explains.



With a heavy heart (hey, he's a free market guy), Toddo discusses today's Congressional hearings and acknowledges the bailout is a necessary evil. Policymakers have no clue about the magnitude of this crisis or the danger of derivatives.


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Comments (5) See All Comments »
09-23-2008, 4:52 pm
You're right about that, one thing they do know are enraged voters. This is going to be a tough sell.
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09-23-2008, 4:53 pm
Todd,

I notice that the markets have given up all the gains made in Friday's euphoria. If the package is approved look for a more sustained rally, but I still fear a return to the realization that profits will be hard to come by in
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09-23-2008, 10:58 pm
Number of politicians.
Number without a clue.
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09-23-2008, 11:04 pm
Correction, per Prof. Saut:

100 senators, 435 congressmen, 1 president and 9 Supreme Court justices - 545 human beings out of the 300 million

545 with no clue. CDS's built right under the regulatory sniffing noses.
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09-24-2008, 5:55 am
Todd,

Saying that you a free-market guy, and that a government bailout is a necessary evil, is an oxymoron. The government caused this mess and for some reason, you think that congress is going to do something smart that will fix the mes
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