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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Broken_Clock who wrote (104546)8/21/2009 3:02:33 PM
From: Chispas  Read Replies (2) of 110194
 
Geo. Ure Special Update - Friday August 21, 2009 11:03 AM CDT

Bank Failure Looming?

I've heard from a pretty reliable source that a major regional bank with more than 100 locations is under FDIC control control as of this hour and they will likely be announced by FDIC after the market close today. Not certain and not verified, but I Guaranty this will be interesting. Are there more? Click the FDIC site later on today....after the close.

Meantime, my friend Robin Landry says he's got a bearish divergence sell signal...not that we might get get a short nominal high increase from here, but our 38.2% Fibonacci bounce is done, and a double stochastic sell...and the list goes on.

Damn, I should have moved money around to play the short side next week. Oh well

urbansurvival.com
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