I'm a big fan of Cramer, but P6 hipped me to this clip and it's a real stunner. This is why I love this guy. I don't think he can be any more clear. I'm still trying to find out what's going on. Perhaps it is the $300 Billion I spoke of earlier this week. If so, and it's coming all out of the pockets of hedge funds, then this is the Armageddon in 'fixed income' that he's talking about. If so, then I misspoke at P6. Bear Stearns has been halved by losses in two hedge funds.
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