Reply #34: Right, it's nice to be validated in print media sometimes [View All]

[Warpy]

I've been saying for years that the stratosphere of the financial markets, with their ever more exotic securities that nobody knew how to price but everybody was willing to bid up as they changed hands, was nothing but a bunch of worthless paper held up by hot air and wishful thinking.

Don't you just love being right as everything collapses in slow motion just like you and I said it would when people waved some of the smoke aside and looked behind the mirrors?

Damn, makes us all warm and fuzzy as we start realizing just how far down "down" is.