Don't Bite The Hand That Feeds You

[VERITAS77]

RE:
The bailout...

Went to BarnesNoble book store and basically, they already or will have soon books on the topic of the financial meltdown and federal intervention, errrr ceasing of major fundamental US assets.
Silver is down 62% For the sector, so way oversold.
Gold is at about 50% retrance sector wise.

**stupid how the $USD shot up like crazy to over .80

So markets across the board are being blantantly manipulated.

I still like small positions in these bottom financials.

After all as long as US exists...there will be some banks running things.
Big ones chomping up smaller competition...should add 25-50% gains on their books in the quarters to come. No brainer there.

Financials way oversold.
Banks may be losing 1:5 mortgages which is 20% loss HOWEVER...
You think their margins on their 80% other loans is not at least the 20% GAIN, to counter their losses???

I think so, or should be logically.

I THINK EVERYTHING IS A MAJOR SCAM.
BTW... If banks are losing 20-30% then their stock should not be down 95-99%/year.

IMBALANCE.
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Back to the bailout question: Im not sure what wallstreet will do. lol
wild times ahead.
-BEST TO YOU. VERITAS77