WALL ST. BANKS SEEN RISKIER THAN POOR COUNTRIES...LOL

One analyst said the bank's position appeared "survivable" -- but protecting its debt is pricier than protecting that of Turkey or Nigeria, traders say. "You could say Lehman is riskier than Nigeria," one trader said, asking not to be named. "But it's not a trade or a comparison people often try to make." -----PRICELESS. (Reuters))I wonder why investing in Nigeria is the yardstick for measuring risk. Anyway that isn't the core of this short note. Wall street has been punked.

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Go Short On The Wifey...

It is no news that the bear market is upon us, investors scramble to dump stocks, bonds, portfolios and even their wives. Yes, you read it right wives. It is not uncommon for lawyers to advise their clients that the timing is right to file for a divorce. The new York magazine reports that some divorce attorneys are now advising their clients to pull out of marriages (now!). Why? you may ask. The answer, to cut their losses on future payouts. Nancy Chemtob a divorce attorney was quoted saying " you need to ride the markets and your wife"
Along with cash real estate, mutual funds can be deemed as marital property by the courts and the spouse is entitled to half of such properties in the case of a divorce. Little wonder that a bear market is enough incentive to cut and run, before this investment vehicles start appreciating in value again.
So the analysts are advising to go short on the marriage. The bottom line is king. It is a cold cold world out there on the streets.
From the New York Print Edition

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