11/29/2007
SPX close that day 1469
email from my equity salesperson at a firm that no longer exists.
"Three very important things have happened in 3 days: Two major financial players get an equity infusion (Citi and Freddie Mac); and a high profile low quality ABS portfolio gets transfered at a real market price, in this case a $3b ABS portfolio sells for $800m at ETFC. These are the events that mark a bottom.."
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