and Wamu comes in with a more than $3,000,000,000 loss
Meanwhile, the market continues its insane re-bound because Oil dropped $3/barrel, and the 'low end' of the Freddie/Fannie bailout is announced to be $25,000,000,000 with 'just a chance' that it will cost 'somewhat more than' $100,000,000,000.
Things are looking more irrational every day.
Dow needs to be in the 10k range and flat with low volume before I think the market is trading rationally. People are trading on pixie dust, and a mentality that goes something like '9 billion in losses? Well, it could have been 15 billion in losses! Hell! Lets buy that stock!'
Yeti