Michael Gracie

Despite the resounding success … miserable failure … mixed emotions involving the bank bailout plan, constituents of our fine land are willing and capable of cutting through the bull:

• Mike Masnick says take a deep breath - there are still opportunities. While Mr. Masnick published that commentary prior to the bailout vote failure, the words are still relevant - almost prescient.
• Mark Cuban reiterates that stock prices are not a fair gauge of value without short sellers involved. I concur wholeheartedly, noting that the S&P Financials Index was clobbered yesterday without short sellers, while the TED spread grows ever wider (3.54 - ouch!). It should have been worse, and now that “gurus” are touting regional banks as a value play in the midst of daily bank failures, I’d say it’s time to really head for the exit AND weld the door shut behind.

Finally…

• Singlebarbed is willing to make extraordinary sacrifices for fish and country. Leave it to fly fishing folk to really buck up.

Adieu.