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One Response to ““The common stock is now a call option””

  1. hcrosby
    August 11th, 2008 at 12:52 pm

    Interesting thought. I find it hard to believe that the market finds a way to move UP against the ongoing current of terrible economic news. I guess todays falling oil price has everybody believing that all is “hunky dory.”

    No sense worrying about that other $1 trillion of bank writoffs up ahead, let’s party!

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