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$rifin @ new low for the day
well they don't want a collapse of the dollar,but want to buy each other currencies as a hedge...classic pump and dump????
very true 1best...utter chaos reigns world wide since the thieves on wall street collapsed the r.e. bubble....these arrogant asses have killed the very unique position the united states had in world wide finance....i believe there is absolutely no trust in the actions of wall street nor the u.s. gov. by it's own citizens or leaders in other countries. my worst fear is a stampede for the door started by only one country be it russia, china or a smaller country trying to stave off their own collapse.....sad....very sad
the boys running china have got it right...taking all their u.s. dollars and buying anything of real value...oil fields...natural gas fields....copper-iron-etc mines....farm land. if it has any lasting value china is a buyer.
the russian finance minister has been talking up the dollar...says it is too early to be thinking of other plans for a reserve .....what he really is saying is we got too damn many dollars to still unload and we would really, really, really rather sell dollars @ .82 and not .70.....even an old commie knows how to do a classic pump and dump...lol
well...i feel alot better after getting that off my chest
makes one wonder if his hedge fund got those special $10 b of a shares...you know...special shares for the special people. nice gig if you can get it. up 35% min on bac....take that shoe off and pound that table, their greed knows no bounds
mr. mutt....i think the bond market is going to nix all the grand illusions in the obama admin. it's very clear that none of the obama team has any idea how the real world works. any monies for health care or global warming or green this or green that has already been spent by wallstreet to prop up wallstreet. 12.5 trillon dollars spent/created and the bank vault is still empty. have all the bets been paid to all the foreign goverments/business/financial companies for this wall street collapse?...i don't think so. we have visitors from norway and i was telling them about the report i saw about a city in norway that was completely wiped out from the real estate bonds they had bought. he snapped his head around and said that was narvik, norway. i asked if the city was sueing for their monies back and he said yes. he explained that narvik was sueing an english bank for their monies back. all the bills have yet to be paid!!!!
well they got $rifin propped up before treasury 30 year auction...lets see how that goes...10 year yesterday was luke warm
1BEST...my grandfather who was in his thirties during to the 1930's always said that the depression was a caused event. one giant repo job....factories...apt's...homes...and last but not least farms. he would point out to us that the farms were the last to go...because the the vast majority of farmers had no loans against the farm. however starting in about 1931 the bankers weren't happy taking back the industries only, they drove the price of farm goods into the cellar on the chicago commodities board. the farmers answer was to not grow something that cost more to produce than to sell. they would just ride out the storm...growing food for the family and using some for barter until it all turned around. one major mistake was not having enough cash to pay the taxman...more farms were lost to the taxman than bankers. then the bankers went around the country buying millions of square "miles" of farm land for sub pennies on the dollar at tax lien sales. true stories played out for years including my grandfathers oldest brother losing the family farm that exact way. is this a repeat...note that all that generation is gone now...nobody left to say "there you go again"
lol...first i heard about boxes as an indicator was last week...now we have an expert on board already! i'm going to create the shopping cart indicator....there is a shortage of shopping carts at the stores, which indicates they are all in use "same store sales going to the moon" indicator. oh no, wife informs the shortage of carts is due to the sad fact that complete families are using them to cart their belongings, sad very sad.....and that is not a laughing matter
lol estimator....i send cnbc at least one e-mail a day accusing them of just that...enough already of their crap touting machine....on a more serious note: does anyone know who all these so called "fund managers" come from? i don't know any of them by name...never heard of them. are they hedge funds crawling out of the woodwork...anyone know?
ohhhh say it ain't so.....they have had every pump artist on camera for weeks now telling anyone who would listen how sound the banks are...the minute the ceo of hartford insurance is on and they show the list of hartford's investments with the fact that the insurance boys are out of financial stocks, the thieves on cnbc turn on a dime. the ceo said the same things we have been saying about financials...that there is no reason to own them....ouch
p.s. hope cnbc shows me how to buy financials in nigeria
yes you are correct...cnbc is continueing to hype investment in africa of all places...one of their reporters was in nigeria of all places....aren't they in a civil war...isn't that where the rebels fire rockets at offshore oil rigs and take pot shots at oil tankers? i mean really aren't there some sound companies in the u.s. that could do with a good talking about how well run they are? we have to get this nonsense about investing in third world countries....well maybe they are going to show us reporters with the rockets red glare over their heads and we will all feel great about buying financial stocks that have doubled in price and massive dilution taking place....i'm off to see the wizard, the wonderfull wizard of oz
calitrader....any special reason?
ouch is right...hadn't thought of that...wonder how the cnbc talking puppet will spin that story....lets see, how about the banks aren't raising as much as last go round, telling the markets that the banks are in great shape. the fact that they will sell the amount of shares at a lower price will mean nothing!
etf_ta...thanks for the chart work....so the stress test was to allow the banks to raise monies for any more future bad news....however, now they pay back tarp, further weaking their balance sheets....whoa that makes all this one giant ponzi scheme, sucker investors in to help strenghten the bank's bottom line, then allow them to take those monies for something else......thieves, thieves everywhere
yep...cnbc touts bankrupt financial stocks and then followed up with the invest in africa piece....hmmmm..... i can choose either a continent full of third world countries or stay home and choose bankrupt banks to put my monies into???? ohhh i'm sorry there is no difference since the current adminstration has turned contract law on its ear with the bankrupt chrysler deal. the world has gone mad....{:
mr. mutt....starting over with $900 left over from last year...like your plan...allows for day trading without the margin account!!!!!
is that a picture of a younger ben bernanke lecturing a class on how to credit money out of thin air????????
QoneO...very well said....yep, the victim deserved it...attitude
noticed years ago when they replaced two dow stocks with stronger stocks one being a tech stock during that bloated run in the late 90's.....
did they just approve allowing the banks to buy each others bad debt or what?????
hurry hurry step right up.....only a few minutes left to purchase your ticket for the $RIFIN(S)....be the only one on your block with inside info on which bank is being taken over the fdic....includes instant messaging from mz. bair herself....don't go the weekend without this info at your finger tips.....think how you can be the first in your town to take your lawn chair and camp out on main street when your favorite banks bits the dust.....ACT NOW....time is short
i have two picks...."GREEN SHOOTS MANUFACTURING" or the bank with the largest nake short in gold. p.s. if anyone knows the name of that bank please let me know....i want to short their stock....lol
morninglightmountain....good for the viewers....was just sending an email to cnbc about how they need to stop touting the nonsense about how great the financials are to invest in.
told them i felt they were helping to facilitate and perpetuate
the largest pump and dump on the american people. that it was high time to start talking about very important issues facing the united states and its citizens.....i pointed out that with trillions of dollars pumped into the financial companies, that for them to tout these stocks on the basis of the banks making $8 billion is criminal and that they were a party to such acts as the giant pump and dump...enough of their crap.
lexi2004...this is what worries me the most, all the flakey loans have gone belly up. now we are into the the hard working middle class, peoples looking towards retirement but now are jobless, are these people going to lose their only real asset just before retirement? i fear the "lords of finance" have visited a terrible storm on this nation and the worst is to come.
xe2dy...thanks for posting that...it is so easy to forget about about the $350 billions plus the aig $100 billions pumped into the banks, only to show 8 billions in profits for the banks. wow, where did all that money go? i know the first round of monies to aig went to pay off the rest of the world for the "lords of finance" ponzi scheme...you can bet they weren't happy holding worthless paper...the worlds largest ponzi scheme and nobody is going to jail???
$RIFIN just hit new low of day in after hours trading
$rifin just keeps hitting new lows for the day....goooo faz
~1best~ whats up with the poster at post #6561 always following etf around....haven't we seen enough of this....they have said their peace on many occasions...yes
from another board...federal tax receipts plunge $138 billion in april, a drop of 34% vs. april last year, the largest drop since 1981 according to the american institute for economic research.
note to self: federal tax revenue should grow in the month of april as it is filing time....pat on back to self and family for forcing the state of calif to see the light(fed revenues are down this much can't be good for calif or other states)...off to see the wizard and watch cnbc for a pick me up....ohhh great wizard how do you support the rotting financials on wall street??
will be interesting to see how much of the $33 billion bank of america is raising will be used to write down bad loans...poof be gone...in the account one second...gone the next
can't help but notice that the cnbc pump job for the financials started about 10:30 this morning, had the effect they wanted, a good move in the financials from 10:30 to about noon then they rolled over. hmmm...ge owns cnbc and owns ge capital also....no conflict of interest there....hmmmm, how much has ge capital raised during this, the biggest and goverment backed pump and dump in this nations history???????
sonic...nice call...rolled right over...was that by gut or were you watching the charts?
again the russell financial index $rifin is red and faz continues to be red also....anyone have an idea? is it more a force of how many shares of faz vs. the amount of sales/buys like a normal stock?
couldn't agree more lexi2004...everybody i know says the same thing....they are not spending on anything but the basics and basics only. after the bufoons in sacramento raised the sales tax instead of cutting services like real people do every day, these clowns sent the people of calif many tax ballots....every single one was shot down overwelmingly, by the largest margins in state history.....sadly now the layoffs will be much much worst since the state is well over a year behind doing what they should have done. the land of oz is well in sacramento and washington and on wall street.
"the increase in inventory is somewhat worrisome, and supports our thesis that any stabilization in sales or prices will bring out more "SHADOW INVENTORY"....this is the hidden gem....many foreclosed houses are briefly put on the market and then yanked when not sold quickly, only to have the same house put on the market a few months later and again yanked when it does not sell quickly...this is repeated over and over in calif. where i live and i live in a fairly upscale city....many of the surrounding cities are in alot worst shape.
imo, the banks know they can't put all these homes on the market all at the same time, for the market would collapse overnight. all i can think is that the banks have HUGE amounts of home inventory they are sitting on and slowing writing off and slowly releasing foreclosures into the market place. some peoples out there are saying years until a recovery due to this extreme overhang....i think they may be correct
these economists are talking out of both sides of their mouths...the recession is ending, however the consumer is no where to be found. wait, hasn't it been 15 years that these clowns have been saying it is all about the "consumer"????? and to think they say the the recession is ending without the consumer coming to the table......must be all that buying and selling between the goverment and business, bank to bank buying each others stocks and bonds and bad debts....mortgage holders passing around bad mortgages to each other....back and forth....back and forth....like a bad ride in the land of oz....i need to converse with alice when she's ten feet tall
HMMMM....$rifin is negative...making fas positive and faz negative....HMMMMM