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Monday, November 12, 2007

Interesting day

With all the losses we've had last week, today is going to be a big one. We've had more bad news from HSBC about Subprime loans.

Blackstone had losses due to "lack of liquidity in the financing markets."

So today is going to be a huge day. Remember that in 1987, the Black Monday was setup after losses in the previous week.

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