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January 16, 2008

Out Today: Make Stuff Up and Entertain Yourselves

I'm out today, so there will be no posting. Feel free to make up market rumors and generally entertain yourselves.

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Comments

I heard Paul's writers couldn't come to an agreement and are joining the WGA strike. I also heard that he will only be writing blog posts on days the market is up.

Paul is a bot. Therefore his posts are not covered under the WGA contract.

Usually I have to take a deep breath before opening Infectious Greed in my RSS reader. All that good stuff is guaranteed to distract, er enlighten me, for half an hour.

Now, today, eery quietness....

Ok, Paul, here's something that your readers might find entertaining. It concerns one of the big stories of the day:

JM Morgan is probably in a lot better shape than many other financial institutions because of the diversified nature of its business model, even though it posted fourth-quarter losses. Morgan has a lot of capital reserves, so the bank doesn’t need a foreign investment fund to help it stay afloat. So that places it in a different category than other American financial institutions. Still, it’s noteworthy that the markets are treating Morgan so benevolently.