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Old 07-18-2008, 06:12 AM
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Huge loss or beat tommorow morning?
My money is on a massive loss due to the ambac and mbia downgrades.


Marril Lynch's huge writedown was because of this so will citis.

Dow futures already down 90 points... god help everyone long stocks tommorow morning!

I can easily see all the gains for the past 2 days rally getting whiped out if the loss is huge!
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Old 07-19-2008, 02:54 AM
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Looks like you had it wrong

They beat the estimates , hopefully you weren't shorting though
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