Buddy,

Your comment on LEH and the KGB manipulating stock prices demands comment. Im sure that was in a movie, actually a TNT mini series with Chris Odonall I belive. You are well off the mark. The US banking systme is teetering. The Fed doesn’t invoke little known clauses for stabalization. The Treaasury doesn’t assume a further $5T of debt/guarantees if the system is ok. The US has debt to GDP iof 360% vs. 250% fduring the 1920s. The problem with the US equity market is that it is inflated and totally unssupported by fundamentals. The KGB didn;t have to do anything, useful idiots, borrowers and bankers, did a better job than any black op possible.

As for LEH, companies don;t do desperate things just becasue. YTake a klook at what short sellers have been saying and compare them against the outcomes. Seems the short sellers have actually been right. Capitalism is about creative destruction, you remember the vaunted phrase of the .com era. Cheer when it goes up whine when it goes down. The founding fathers are turning in thier graves.

Bhutto goes down on her return to Pakistan and is whisked off to a Hospital with no autopsy and burried in due course. First it was a bomb and she hit her head, then it was an assasin (s) bullet(s). First blamed on ISI, then a shadowy Tribal lord. Speculation comes back to Mushariff, but why? Is his fate merely the unintended consequence of an unholy alliance between foes? What about Sharrif? He seemed to be a winner from Bhutto going down? Why would the US want Bhutto gone? Rumors aboutd about her talking about Osama being dead, but what else? The chatter about her cracking down on the tribal areas was nothing new, Musharrif sent in troops. Seems there is a dearth of analysis on why Bhutto was cut loose.