Archive for August 17th, 2007
Honest John of the week award for KKR’s Roberts
17 August 2007On Wednesday, KKR co-founder George Roberts said that stocks haven’t caught up with the credit turmoil. Thursday, they plummet before a late day “buy on dips” rally. Or was it short covering induced? Likely the former. But the finish didn’t qualify as the “catch-up” that Mr. Roberts predicted.
“Life will go on, [...]