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Since then not much has changed.. I'm kinda surprised that more hasn't come out... And I believe it will... Hopefully everyone who was involved and knew about it will go to prison for a long time.
Not much else to say really though..
which ones are you looking at?
bad time to report bad earnings.. Any ideas as where to try to catch the knife?
Can I catch the falling knife???
JPM has $1,364,959,000,000 (1.3 trillion) in exposure to Europe. Almost half of which is UK debt. Although their foreign debt total is just over 1.5 trillion. Also note that total exposure in Europe for MS, C, BAC, JPM, and GS is just over 2 trillion. So JPM does have the biggest exposure there.
You can see the numbers here of where they are exposed.
http://msnbcmedia.msn.com/i/CNBC/Sections/News_And_Analysis/_News/__EDIT%20Englewood%20Cliffs/Bove2.pdf
Gotta like that WFC isn't one of these banks, could we get a flight away from these banks into WFC?
http://www.cnbc.com/id/36998246
Five companies alone have $2.5 trillion in exposure, with Citigroup [C 4.04 -0.14 (-3.35%) ] at 77.7 percent of the total, Morgan Stanley [MS 27.64 -1.65 (-5.63%) ] at 65.6 percent, and JPMorgan Chase [JPM 40.81 -1.82 (-4.27%) ] at 59.8 percent, according to Bove's research.
I'm interested to see what happens tmr morning.. but this has gone a bit overboard in the markets... congrats on your buy today... should likely play out nicely for you.
TMR could get ugly or it could pop... I'm not to found of the stupidity out there in the markets today. Fear is an interesting thing...
Now I feel better that my order didn't fill... that would have sucked...
What would have happened if I flipped the shares... Because If I would have gotten my bid I would have sold once it hit 60 again... Those shares would not be there for the trade to be reversed...
er this is getting more interesting long term, ex date coming up.
I see more downside possible over the next few days... I'd really get interested around 59
Yeah I have it on in the background... I was lucky enough to have the chart up while things were happening live...
I tried to get my order in, but it didn't fill...
My guess is that someone really did hit a B vs a M... And it caused a series of events that caused a major sell off..
Take a look at ACN It went down to .01.. A loss of 30 billion in market cap (the total market cap pretty much)
PG lost over 60 billion in market cap...
Stop losses had to been hit.. People are going to be very very pissed.
Yeah, i'm gonna sit on the side lines for a bit on this one... Some crazy stuff is going on right now in the markets...
For once limited to no exposure to Europe could help us here...
Did anyone get any of that? Put my limit in 2 seconds too late... PG hit 39 bucks wtf???
HOLY CRAP!!!!!
1120 can we hold it? if not I expect much more selling...
Looks like we are getting our market correction...
Yes, however GG also has come back more than RTP has.. hence the reason I like RTP more as at this current time period I feel RTP is undervalued more than GG...
THat being said in 10 years GG may outpace RTP's growth... but I'm not looking for a 10 year play...
One must though note Reuters has GG rated as underperform
Who knows what will come over the next years however for a trade. I like RTP better.. the question is has the knife stopped falling?
Thanks! Not in yet... but this might be an interesting semi speculative play.
With the election coming up and the poll numbers based off the extra tax... one might question if this tax will actually happen... and if it doesn't that'd be huge...
I'm very interested to see how much the Short interest goes down this next settlement date... there has been a bunch of accumulation since this stock dropped down into the low 40's. I'm wondering who is accumulating shares here...
Interesting article.. Makes things a bit more attractive over the long run for me... question is where is the entry...
http://www.cnbc.com/id/36927397
Australia Leader Falls Behind Opposition in Shock Survey
Published: Monday, 3 May 2010 | 9:31 PM ET Text Size
By: Reuters
Australia's opposition conservatives have overtaken Prime Minister Kevin Rudd's governing Labor for the first time as the country heads towards elections late this year, an opinion poll showed on Tuesday.
Rudd remains on course to win elections in most surveys, but the latest poll will come as jolt: the last time the conservative coalition shaded Labor in the Newspoll survey was in August 2006.
Support for Labor dropped 5 points to 49 percent while the coalition's support rose 5 points to 51 percent after Rudd decided to scrap his promised policies to fight climate change, said the closely watched Newspoll in The Australian newspaper.
The slump comes two days after the government imposed a 40 percent profit tax on big miners as part of a national tax review, but the survey was too early to reflect the government's tax reforms, which angered resource companies.
Billionaire mining magnate Clive Palmer said the new profits tax on mining and energy companies, which wiped billions of dollars off Australian resource stocks on Monday, was policy that even communist regimes were moving away from.
"It will mean communist China will have a far better tax system for resources than Australia," Palmer said. The Newspoll was carried out after a tumultous fortnight in which the government jettisoned controversial policies including the emissions-trading scheme, a troubled scheme promising free home insulation and a plan to build more than 200 new childcare centres. It also
sharply lifted tobacco taxes.
Rudd's satisfaction rating also slumped 11 points in the poll from 50 per cent and his standing as preferred prime minister fell 6 points to 50 percent, its lowest level since he won power in late 2007.
Newspoll chief executive Martin O'Shannassey said the drop was so large that it could not be dismissed as a so-called rogue poll, and instead pointed to a protest vote.
"Labor has taken quite a caning. That usually falls into the range of what we'd call an outlyer. But through the rest of the poll we see some pretty consistent findings," O'Shannassey told Australian radio.
Labor's primary vote, at 35 percent, was its lowest since March 2006 when the government was in opposition. Primary support for the conservatives rose from 40 to 43 percent, while Greens' support was unchanged on 10 percent.
The category of "others", or small parties and independents, rose from just 7 percent two weeks ago to 12 percent, meaning that while voters could be in a mood to punish the government, they are not yet ready to switch to the conservatives.
Copyright 2010 Reuters.
Are you in this? what's your outlook here? tia
one must ask themselves though what is the price at which BP becomes attractive. If we look back at the last market crash people all looked at the negatives. and were running for the hills but in truth the stocks had all gotten way too oversold because people thought it was going to be the end of the companies...
now I'm not saying that this is the right value right now to buy BP... but at some point it is going to be oversold. and be attractive to buy...
so far the value of the company (ie market cap) has gone down aprox 24.6 billion dollars based on these events. question is how much should it?
look at exxon valdez for example... it cost exxon a few billion.. http://en.wikipedia.org/wiki/Exxon_Valdez_oil_spill
It is interesting to watch the short interest in this stock. Compare to a normal chart of BWLD
http://www.dailyfinance.com/company/buffalo-wild-wings-inc/bwld/nas/short-interest
Hey it's tiger...
The pump... greatest feeling in the world...
depends... I only take little checks
Number one on the charts baby!!
10 bucks says you can't watch this with a straight face...
FIne way to ruin my fun
gonna go for a quick swim
yup I hear ya. the thing is, at what point if ever do the masses find out. when will they figure out that they shouldn't be trading in their gold for cash now for pennies on the dollar of what it's worth...
there are a few questions.
1. Will the government let the dollar be completely destroyed
2. Does it even matter at this point any longer if the government tries to stop the dollar from declining. (currently I think the government likes the benefits of the low dollar)
yes I understand gold has it's demands and needs and most likely should be higher but it is in essence a short of the US dollar. now that being said, who knows what happens. and it really depends on the government at this point...
and how about this...
America fail....
talk about drunk...
I need this channel
Just a nice innocent trip to the zoo
another guy from the same party....
thinking things out fail
I don't understand why I was always picked last in gym class
man I was hungry!!!