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yes i talked to him and he will be back on monday.
The hand will return on monday. He is resting and not watching this bs any more today.
I hope everyone is going to make it out of this bs
keep up the good work, Just kidding.. Hell we need a chuckle at times like these.
what stocks are you looking at
My next car has to be a large suv since it may be my next sleeping location. NOT REALLY but i just read an artical where there are a lot of people doing that. (makes me sick)
not good (makes me sick)
Hope a lot of people are living under there means
Now that the 'rescue' has passed and we are 'investors', when will China send our portfolios?
and will they include yearly profit and loss statements?
why bail out the big guy again?
I would of liked if the bill did not pass today.. I say use that money to bail out the small guy who is under water with there mortgage.
Hope everyone is doing good today.. I am looking at jcp , m
AP
Moody's lowers rating on Washington Mutual Bank
Monday September 22, 5:15 pm ET
Moody's cuts Washington Mutual Bank's financial strength rating, says capital is insufficient
NEW YORK (AP) -- Moody's Investors Service on Monday downgraded the financial strength rating of Washington Mutual Inc.'s main bank subsidiary to "E," its lowest rating, saying the thrift's capital is insufficient to absorb its mortgage losses.
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Moody's also cut its rating on WaMu's preferred stock further into junk status to "Ca" from "B2."
All other ratings, including the bank's "Baa3" rating on deposits and senior unsecured debt and the holding company's "Ba2" rating on senior unsecured debt, were placed on review for possible downgrade. A rating of "Baa3" is one notch above junk status, while a rating of "Ba2" is two notches below investment grade.
A bank financial strength rating of "E" signifies very modest intrinsic financial strength and a higher likelihood of needing outside support, according to Moody's. Out of the 1,100 banks with financial strength ratings, Moody's has "E" ratings on about 150 banks worldwide.
The downgrade is a result of the Seattle-based thrift's "severe asset quality issues which are depleting its capital base and leading to an erosion of its franchise," Moody's said.
These issues limit the bank's financial flexibility and potentially prevent it from raising additional capital, Moody's said.
Additionally, any benefits to WaMu from the government's proposed plan to buy up to $700 billion of banks' bad mortgage assets are uncertain at this time. Firstly, it is unclear whether the bank might have to take huge mark downs if a large portion of its troubled assets are sold, and secondly, the proposed plan may take some time to implement and WaMu is in need of a more immediate solution to its problems, Moody's said.
The ratings service believes WaMu could be acquired by a larger, more stable bank, and that a potential transaction could involve regulatory assistance. In such a case, Moody's believes the deposits are likely to be acquired, but that the assumption of other bank obligations, including senior debt, is less certain.
WaMu shares tumbled along with other financial stocks Monday, falling 92 cents, or 21.7 percent, to close at $3.33. Shares rallied nearly 56 percent last week, but are still down about 76 percent for the year.
Financial stocks suffered Monday as investors questioned whether the government's plan would be enough to help ailing banks emerge from the credit crisis.
Fox-Pitt Kelton analyst Howard Shapiro, however, believes the plan ultimately benefits WaMu as it increases the likelihood of a possible sale.
"Although the operational details of the Treasury bailout plan remain to be worked out, we regard it as particularly positive for Washington Mutual because it could remove one of the chief impediments to any sale -- the company's large troubled mortgage exposure," Shapiro wrote in a note to clients Friday.
Washington Mutual has taken huge losses in the last few quarters as it increases its reserves to cover bad loans and writes down the value its troubled mortgage holdings.
Last Wednesday, private equity firm TPG, which led a $7 billion investment in the bank in April, waived a provision of its agreement that would have required a potential buyer or other major investor to pay TPG hundreds of millions of dollars in addition to whatever money was injected into WaMu. The move was seen as a green light to a possible sale or capital raise.
Media reports have swirled in the past several days that WaMu is actively shopping for a buyer. WaMu has declined to comment on market rumors.
washington_mutual_moody_s
Moody's lowers rating on Washington Mutual Bank
I will post when i find..
If anyone can help me find it i would be appreciative.
someone take this one serious.. wm is not going anywhere.
agm is going to see a bounce.
Here is a way to make A LOT of money.
First off, I am doing this but I could and probably should lose my 10 thousand dollars.
I an going to Buy wm at 1.97 sometime in the next 2 weeks. I am going to buy 5k shrs. I have a feeling they will want to keep wm going.
over 10 now
i still have 3k shrs of auy at 7.42
why did they halt cafe??
is going down now
abk going lower
moodys down graded wm
Well, I wish everyone a good day tomorrow.
Those are very good short little movies.
Ok so what are the stocks for tomorrow.. i am looking at
1. umc 1.70
2. fmd 3.10
3. cno 6.44
Can you explain the heikin-ashi tick chart? I have never heard of it.
was a great call..
but way to expensive.
well you can buy ABK lower than the low of the day, right now
use abk as a flip, do not hold that stock over night.
I will call out abk. 1.10
For anyone day trading out there, make sure you use the 1 minute 3 minute and 5 minute stock charts to pick your trading spots. And make sure your looking at bollinger bands before you place a trade. If you are not looking at the 1,3,5 minute charts and bollinger bands... PLz tell me why not?
You want to use all the tools possible to increase your odds on making a great trade!
Great board.. Do not be afraid to share your trading tricks.. Someone out there could use your input. Call out your favorite stocks.
ABK trading like a down grade coming you know that insider stuff