Who would it thunk it could have got any worse
It looks more an more like Paulson fluked his GFC trade. The thing that surprises me is that these firms employ squillions of bright people and not one of them seems to understand the most basic concept of not chasing losses and actually listening to what the market is actually saying as opposed to what they think it should say.
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Were there not a lot of disgruntled investors in the months leading up to his coup with the sub prime market? Perhaps he knows something none of us do, and there may be another hit coming! That’s the rub isn’t it, we won’t know until the 20/20 hindsight kicks in. So I will sit here with a fence paling up my bum and watch with interest…. Ever the observer of movers, shakers, winners and losers.