Replies to post #131381 on ajtj99's Market Pulse

[astroguy]

Reading some of the message boards..folks predicting 140 for GS and 25 for MS tommorow on the govt buying into banks news. Wonder if news is that bullish for banks.

[Not_Bill_Oneil]

That close was courtesy of Hank the Hammer

Paulson and whatever nickname his public hedge fund will be called in the weeks, months, and years in the future, as he followed the lead of the European leaders Sunday.

The dollar amounts are not confirmed yet, but, big. Unbelievable.

How do you buy up here? How do you fade this, knowing that his direct investment plan will likely finally change everything.

Unbelievable.

Glad I got a lot of Wells today and a little GS.

What a huge transfer of wealth the past two weeks. And he tried, tried to get what he wanted earlier - maybe he did want to eventually buy some of the illiquid mortgage related junk, but, maybe this was his plan all along and he couldn't lay out it because of the backlash from many sides.

Unbelievable.

Thanks Hank! No more Bernanke "creative" operations messing around, just do it. We'll all understand more as the books come out the next several years about these last several weeks.

GL.

[opnion]

Internals say they sold into the market rise today at a healthy pace. I am long as of last friday but have moved stops up as 1185 - 1200 $spx is what I expect before we go down to see that naked bottom that we left last friday. Sometime around october 23rd ought to do it.