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Bears fan watches NFL game on laptop, gets $28,000 phone bill
http://tech.yahoo.com/blogs/patterson/39905
You called 6000 mid summer and now call for 6500. End of year finish 8500 and now 8300.
I marked the last post should I mark this?
***MARK this post***After we hit Dow 6000-6500 by June, we will head higher the rest of the year and finish around Dow 8500, followed by 2-3 years of a MAJOR bull market that will cause this downturn to appear as a minor blip on the charts.
Watch :)
I check UBS for the last week, must have missed it.
Get well ZAB! You have my prayers.
I wonder how many cats she has.
As the market rally Moody was busy giving out downgrades across the board. Nice timing.
Santelli on the Liddy show. He has a point.
I could not resist since people easily forget. Many are trying to point the finger at the wrong person.
The "Stolen Years".
Explains why the last few day the wires been reporting health companies getting out of Medicare. Not good. Senior citizens been taking it on the chin with CD rates and now this crap. When inflation hits they will suffer more, So much for the golden years. I wonder about Pension fund losses from the stock market.
I think people are freaking out and want to get out of 401 positions. On the radio Sunday investment advisor was telling listeners on AM radio to not open 401k statements (just put them in drawer). And the ole don't get out crap. Amazing.
Cramer saying get food stocks. He is behind the curve and is running out of sectors to promote continues to promote longs. This guy is a genuine Bozo.
Basserdan must be making a bundle.
FAZ 9.67% up and SKF 7.3% up. ???????????
UYG -8.64% FAS -10% This does not add up.
Today on JerryO, did very very well. He still has the midas touch.
Cramer the last few months telling everyone to buy companies with dividends. BAD MOVE.
Who in their right mind would ever come to this conclusion "the government will save us". And traders traded of that????
I meant Financials C BAC. and early this morning Dow.
The post was info only, no position. This C news is enough to give everyone the hibby jibbies. I can't see why the market is up.
His post was BEFORE Citigroup belly up. LOL
You guys and ladies will not believe the reports from Asia.
“News that the government is increasing its stake will inject some confidence to investors that no matter what happens, these mega banks will not be allowed to fail, and that what ever losses they have can be absorbed by the government,” said Nicole Sze, a Singapore-based investment analyst for Bank Julius Baer & Co, which manages $350 billion.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6k3RqkPlRCA&refer=home
What kool-aid are they drinking. So they believe the US taxpayer will fork over the future and save the investment bankers.
We now have confirmed that there will be Nationwide Chicago Tea Party events at 25 cities around the country at noon EST on Friday February 27.
http://officialchicagoteaparty.com/form.html
But the Adminstration says the taxpayer will be paid back.
Do you really think the Taxpayer will go down quietly. We will soon find out the Fed loyalty.
Asian stock up because the US government possibly bailing their investors out. NOW the US taxpaper could be on the hook. Monday looks terrible.
The White House, however, has insisted it's not trying to take over the two ailing financial institutions.
http://finance.yahoo.com/news/Govt-reportedly-mulls-taking-apf-14434394.html
WASHINGTON (AP) -- Citigroup Inc. is reportedly negotiating with government officials to have the U.S. boost its stake in the troubled bank to as much as 40 percent, The Wall Street Journal said late Sunday, citing people familiar with the situation.
Such a move by Citigroup would result in the New York-based bank ceding far more control to the feds than executives likely desire, and would dilute shareholders' investments. The Journal, which said Citigroup made the proposal to its regulators, noted that sources say executives would prefer to keep the government's stake closer to 25 percent.
Nikkei Opens Down 2.64% On SFCG Bankruptcy
http://www.nni.nikkei.co.jp/
TOKYO (Nikkei)--Nikkei stock index opened 2.64 percent lower Monday on U.S. banking woes and moneylender SFCG filed for bankruptcy protection. In the first 30 minutes of trading, the 225-issue Nikkei Stock Average lost 195.47 points, or 2.64 percent, from last Friday to 7,220,91.
http://finance.yahoo.com/intlindices?e=asia
End of the Recession in 2009?
http://seekingalpha.com/article/118339-end-of-the-recession-in-2009
No such thing as honest banking system. The investments banks run the show and will continue too. They showed their might when Paulson became head of the Treasury.
Seems Mr Denniger is on to him.
http://market-ticker.denninger.net/archives/78-Dick-Bove,-Bear-Stearns,-And-Controversey.html
"The Truth: The "powers that be" (including the media, The Fed and The Banks) are absolutely beside themselves with the possibility that stocks, especially bank stocks, might decline in value. For "why" see the top of this blog entry. If you fall for this you will be wiped out. DICK BOVE PUT A MARKET PERFORM RATING ON BEAR STEARNS STOCK ON MARCH 11th - JUST THREE DAYS BEFORE IT BLEW UP AND (THE FOLLOWING MONDAY) WENT TO $2! You have NOT and you WILL NOT see CNBC or DICK BOVE take responsibility for the wipe out of SEVERAL BILLION DOLLARS IN SHAREHOLDER WEALTH - when he could have preserved YOUR MONEY if he had told you the truth about our financial institutions and that YOU SHOULD SELL ALL OF THEM AS THERE ARE AND WILL BE MORE EXPLOSIONS, ALTHOUGH NEITHER HE OR I HAVE NO WAY TO KNOW WHICH ONES AND NEITHER DO ANY OF THE ANALYSTS SINCE WE CAN'T SEE HONEST BALANCE SHEETS!"
BofA not in danger of failure: Analyst Bove
Fri Feb 6, 2009 9:14am EST
Whoever bought on his call (at the time $ 6.00) are really questioning this ...............
(Reuters) - Veteran banking analyst Richard Bove said Bank of America Corp (BAC.N) is not in danger of failure as the U.S. government is committed to keeping it in business, theflyonthewall.com reported Friday.
Shares of the bank rose 10 percent to $5.32 in trading before the bell, after reports that Ladenburg Thalmann's Bove thought the stock was a "strong buy" on cash flow and asset value basis.
Reuters could not immediately verify the report.
According to theflyonthewall.com, Bove said investors believe the bank is about to fail and be nationalized by the U.S. government.
Last month, Bove issued a note on Bank of America titled "Company of Opportunity." He had rated the stock "buy."
Really screws up CDO as we know them. Can you imagine the "original note" missing after payoff? The industry would spiral if monthly payments go in trust until all this is straighten out. Lawyers circling like vultures.
LAWYER OUTWITS BANKS IN FORECLOSURE BATTLES
The banks "sells" the CDOs the right to collect the revenue stream but, according to Charney, not the equity right to the property
http://www.nypost.com/seven/02222009/business/the_loan_ranger_156356.htm
Another Huge Spending Bill Planned For Next Week
"Here we go again! House Republicans are bracing for another onslaught of out-of-control Democrat-authored spending as the omnibus bill is expected to hit the floor of the House as early as next week".
http://www.humanevents.com/article.php?print=yes&id=30788
The Street analyst is saying......
am making Bank of America my No. 1 holding for 2009. By next year, this stock will be back to $20 a share.
Yup if a Billionaire can go broke anyone can. I have always told people when they say "he can afford it, he has plenty of money". I respond.... it does not matter how much money you have..... you can only take so many hickeys.