Eugene David
...The One-Minute Pundit

Monday, October 06, 2008


You wonder how much stocks would have declined today without what I call public-interest investors -- the bigwigs who make carefully timed purchases in the belief they can stop the deluge. If it wasn't investors it was the not-too-distant cousins of the algorithms that got us into this mess in the first place. Let us hope we do not become too reliant on charity investors and algorithms these next few months.

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