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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: James Hutton who wrote (200620)5/6/2009 3:41:50 PM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
"I still think there's way too much money trying to play catch-up that will buy any dip. Especially since our financial system is now in order."

Yup, just like in 1931 :o)

Look out below!



To: James Hutton who wrote (200620)5/6/2009 3:52:43 PM
From: RockyBalboaRespond to of 306849
 
I got your message. The financial system is now in order. Shellie Bair will continue to board up some unfortunate regional banks, one or two come every friday. The taxpayer stands to gain a half trillion because the federal investments into banks pay off big time; Paulson looks like a genius already.

The sheeple and OPM funds will gobble up shares for another 5% after they run a few 100, along with half the sun state financed by Fannie and Freddie, and new shiny fiat cars (of course financed by 100% state owned GMAC)

In earnest; the stress tests amounted to nothing; while the stress test for Barclays (in the UK) was at least "unbiased" as the government has no stake in BCS... the same can not be said of the U.S. version of stress tests. They are rather a self serving tool to finally "call off" the banking crisis, notably to end "official" government support for banks. The government as owner of bank shares is biased in that it will always say, "none of our banks fails; just some of the need a little capital".



To: James Hutton who wrote (200620)5/7/2009 1:53:00 PM
From: RockyBalboaRead Replies (1) | Respond to of 306849
 
While I believe that lots of money was chasing stocks as it looked for a home after the US. Treasury debacle...., this could change in a bit once it flows back into bonds or foreign investments. A two months rally is a beauty indeed, but people often tend to overstay it.

That said, the 50pt drop in NQ and the ugly red candle in banks are a hefty ante for tomorrow.

The bank of america was a masterpiece of brinkmanship by i-banks. $15 a nice reward for those who managed to sell.