Radio Free Wall Street 11/19/2008

Lee Adler, Russ Winter, and Aaron Krowne discuss the the latest news developments, Russ’s view that the current market is like the Panic of 1907 and that it’s time to buy the future winners, and Lee’s argument that it’s wrong to be long. It’s a heated discussion, and it’s up to you to choose which side you agree with more. Not a subscriber? Click here for a free extended preview of this podcast.

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3 comments for “Radio Free Wall Street 11/19/2008

  1. blue56
    November 20, 2008 at 2:53 pm

    I just have to say great debate guys! Love the structured format and I hope you remain friends. Damn good stuff.

  2. greg
    November 20, 2008 at 8:21 pm

    great podcast you guys! really a great way to get your stuff….
    lee, you said cash on companies’
    balance sheets was not really there. what did you mean by that exactly? they own mortgage backed debt that doesn’t exist anymore? thanks

  3. Lee Adler
    December 3, 2008 at 3:59 pm

    I meant that it would be difficult, and in some cases impossible to access it. It’s often held in CP or MMFs, and it can’t all be drawn at once under the best of circumstances. With the actions of the Fed in recent weeks, the short term money markets have eased, but there’s still a question of how much of the debt backing these obligations is any good.

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