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Re: Picassa post# 4005

Saturday, 05/09/2009 9:56:45 AM

Saturday, May 09, 2009 9:56:45 AM

Post# of 14996
I've heard that this week coming up is the last week that these prices in financials and commercial real estate will be maintained. It was indeed the government intentionally booming the share prices of these companies so that they can raise more badly needed cash off the backs of the gullible at as high a price as possible. These institutions are bankrupt.
When they are done raising money, new lows will be reached in time. So they are almost done. The TARP money is all gone. Congress won't approve more. We're very close to the top now.
Later this week I plan on increasing my short positions. But conservatively. Say URE puts or XLF puts. FAS puts. Select banks, commercial real estate shorts. etc. No stocks but gold/silver/commodities.