Hilarious! The comparison will be apt if Paulson continually adds to his holdings in MGM through another leg down in the stock market and the economy, culminating in a spectacular blowup.
Notice that Paulson has a TV screen behind him in that photograph. I assume that is in his office. What kind of person watches television?
Another hilarious meme floating around: the idea that the market is going to have an "upcrash," because there is so much negative sentiment that the only direction the market could logically go is up!
I swear, no one has actually read Graham and Dodd's Security Analysis. True negative sentiment is when "40% of all the industrial companies listed on the New York Stock Exchange" are valued less than their net current assets, which was the situation in 1932, as I mention in my review of the book.
We have a long way to go.
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