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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (371688)	7/22/2008 3:49:33 PM
From: NucTrader	Read Replies (1) \| Respond to of 436258

Today was an assault on the sensibilities of da bears...engineered...

To: Real Man who wrote (371688)	7/22/2008 4:28:02 PM
From: Cynic 2005	Respond to of 436258

WM 5.82, +0.34, +6.2%) reported a net loss of $3.33 billion, or $6.58 a share, late Tuesday. That compares to net income of $830 million, or 92 cents a share, a year earlier. The nation's largest thrift said it boosted loan loss reserves by $3.74 billion to $8.46 billion during the latest quarter. The company also said that the remaining cumulative losses in its residential mortgage portfolios will be towards the upper end of the range it disclosed in April. Excluding one-time items, the lender said earnings per share would have been $3.34 in the second quarter. WaMu was expected to lose $1.05 a share, according to the average estimate of 12 analysts in a Thomson Reuters survey. Looks like the market thinks that $6.58/share is the target they should run it up to. -g- Shares are up over 10% on this 'bullish' news. Here is a guy with some sense of humor. messages.finance.yahoo.com