InvestorsHub Logo
Followers 3
Posts 186
Boards Moderated 0
Alias Born 08/06/2006

Re: davidam post# 10943

Sunday, 08/23/2009 7:51:56 PM

Sunday, August 23, 2009 7:51:56 PM

Post# of 14996
I agree - this is a bear market rally, IMO.

FDIC second quarter report is due this Tuesday August 25. They have to be hurting! 81 banks closed so far this year. Hundreds more to come, IMO. FDIC doesn't have nearly enough money to deal with the insolvency of the US banking system, IMO.

FAZ could benefit from Tuesday's FDIC report.