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Russian President may push 'new world currency'...FAZ may be the way to go!
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3X76sjV801Y&refer=worldwide
KASS: Next Big Move In the Stock MArket Will Be Down http://bit.ly/wIl6V
what is sad is GM is bankrupt and the market is up 100 points...system is outta control!
isnt it a funny ...nice round fat manipulated number...8500
buckle up...FAZ rebound
BREAKING NEWS: UAW agrees to slash retiree benefits immediately; Treasury insisted on immediate cuts.
GO FAZ!
derivatives and commercial real estate are the keys!
Wall street or goldman Sachs cant dance around those issues.
FAZ last chance to get FAZ in the red today .. it's headed to 6.30 today!
people of FAZ - "Prepare For Revolutionary Changes" 05/19/09
FAZ stock Traders....next challenge for FAZ is that some Banks will try to repay the TARP money on JUNE 8, 2009
be careful...that s all I am saying...a good roll opportunity may present itself... GLTU all!
artmaniac
what do today & March 05, 2009 have in common everything! no doubt about it that was the next top that missed 930.17 down now 50%+ of range!
FAZ could be running outta shares...can you say short squeeze?
Now the GREED piles for the exits! 2 day was reverse of march 5
FAZ STARTING TO TAKE OFF! look for the gap to be filled to 5.40 today!
Fannie and Freddie in 'critical' condition - must read FAZ shareholders -
http://money.cnn.com/2009/05/18/news/economy/fannie_freddie_critical/index.htm?section=money_latest
To best understand how FAZ fluctates, compare the russel financial index to get a better understanding - click here ----> http://stockcharts.com/charts/performance/perf.html?$RIFIN,faz
where is that trader chick from yesterday saying we should be playing the banks NOW??? point being listen to the facts and your own heart.
"The Worst Is Yet to Come": If You're Not Petrified, You're Not Paying Attention
http://finance.yahoo.com/tech-ticker/article/248398/%22The-Worst-Is-Yet-to-Come%22-If-You%27re-Not-Petrified-You%27re-Not-Paying-Attention?tickers=
Keep your eyes on the FAZ options here: http://moneycentral.msn.com/investor/options/default.asp?ETF=true&Symbol=FAZ
this could help your understand what is happening today! GLTU!
lol...thank god for the ignore button
what government agency do you work for SHANE?
Then the AMERO will kick in...hehe
Your new nickname is "insane shane" have a good day!
GM reports that the company plans to import Chinese-made vehicles to the U.S. - As thousands of General Motors workers await word on more U.S. plant closures, reports that the company plans to import Chinese-made vehicles to the U.S. have created a political problem for the automaker and the White House.
http://apnews.myway.com/article/20090514/D985PEDO0.html
ARE WE BEING SOLD OUT BY OUR OWN GOVERNMENT?
My 60 Day Goal For FAZ
Security FAZ (DXN DL FN BR 3X)
Action Sell
Quantity 1197
Price Limit: $200.00
Timing GTC (Good for 60 days)
Conditions All Or None
Trade Type Cash
Estimated Commission $0.00
Estimated Trade Amount $239,393.84
I have a trailing stop loss...guaranteed WINNER, WINNER...CHICKEN DINNER!
ride the FAZ up jump off and then ride FAS up etc
thats what I plan to do!
wait til OIL goes to 150 a barrel. wooo hooo.
The Oil Plays are DIG and DUG and are your best friends soon....they are like FAS & FAZ
or the charisma of a NOOB
2.17 in las vegas today
short covering on FAZ starts today....we could see some interesting results - good luck to all!
picked my last shares up at 5.63
not selling til august 2009
Welcome To The Penny Stock World! you learn...or burn
5 dolla....5 dollah!
AND WE AINT TALKIN NO SUBWAY SANDWICH
its starting...4.88 and rising
my high expectation for FAZ is 13.62 with a pullback to reload
I see FAZ at 10 by friday
C reverse split is coming...they will make a killing!
"Welcome to America. Chains you can believe in."
Tsy: 10 of 19 Banks Need To Raise Capital 05/07 05:00 PM
By Michael R. Crittenden and Jessica Holzer
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--Ten of the 19 largest U.S. financial institutions will be required to raise a combined $75 billion in capital, as the U.S. government for the first time divided healthy banks from those which may need help to weather a worsening economy.
U.S. Treasury Secretary Timothy Geithner, in a press conference, said he was " reasonably confident" the banks could raise the needed capital. Federal Reserve Chairman Ben Bernanke said the results should provide "considerable comfort" about the health of the banking system.
Bank of America Corp. (BAC:$13.51,00$0.82,006.46%) , Citigroup Inc. (C:$3.81,00$-0.05,00-1.30%) , Wells Fargo & Co. (WFC:$24.76,00$-2.08,00-7.75%) , GMAC LLC and Morgan Stanley (MS:$27.14,00$-1.37,00-4.81%) were told they need to raise capital due to the results of the government's stress tests. Regions Financial Corp. (RF:$5.23,00$-0.60,00-10.29%) , Fifth Third Bancorp (FITB:$5.346,0$0.068,01.29%) , KeyCorp (KEY:$6.78,00$-0.91,00-11.83%) , PNC Financial Services Group Inc. (PNC:$44.47,00$-2.99,00-6.30%) and SunTrust Banks (STI:$18.52,00$-0.97,00-4.98%) also were told to bolster their reserves.
By contrast, JPMorgan Chase & Co. (JPM:$35.24,00$-1.98,00-5.32%) , Goldman Sachs Group Inc. (GS:$133.73,00$-5.49,00-3.94%) , American Express Co. (AXP:$25.97,00$-1.17,00-4.31%) , BB&T Corp. (BBT:$25.34,00$-2.36,00-8.52%) , State Street Corp. (STT:$37.83,00$-1.30,00-3.32%) , MetLife Inc. (MET:$31.75,00$-0.60,00-1.85%) , Bank of New York Mellon Corp. (BK:$29.51,00$-0.95,00-3.12%) , US Bancorp (USB:$19.56,00$-1.73,00-8.13%) and Capital One Financial Corp. (COF:$26.45,00$4.11,0018.40%) don't need to raise additional capital.
Bank of America (BAC:$13.51,00$0.82,006.46%) must raise nearly $34 billion in capital, more than any of its peers. All 10 banks will need to raise Tier 1 common capital to bolster their reserves.
The Treasury painted a grim picture of the toll of the financial crisis on the banking system. It said total losses at the 19 banks due to the crisis that began in mid-2007 could reach $950 billion.
Meanwhile, losses in 2009 and 2010 at the 19 banks could total $600 billion under the government's scenario of a deepening economic downturn. Mortgage loans and consumers loans could account for 70% of the potential losses.
The directives come after the government's weeks-long exercise testing how the 19 banks would fare under darker economic scenarios. Bernanke said the tests weren't "tests of solvency."
-By Jessica Holzer, Dow Jones Newswires; 202-862-9228; jessica.holzer@ dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=wU45iLxieWBydwdmTFSsAw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
05-07-091700ET
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