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

To: Travis_Bickle who wrote (201050)	5/7/2009 4:21:46 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

I am looking to directly short BAC as hard as I can when they finish pumping it up for the (inevitable) stock offering. It's going to be like shooting fish in a barrel. This stock price manipulation is so pathetic. It feels like we're playing an adult game with retarded children.

To: Travis_Bickle who wrote (201050)	5/7/2009 4:28:02 PM
From: John Chen	Respond to of 306849

"maybe warren buffet will buy some" The future generations surely will get some.

To: Travis_Bickle who wrote (201050)	5/7/2009 4:32:03 PM
From: DebtBomb	Respond to of 306849

LMAO....the clowns are getting duped left and right, IMO, as if they haven't taken enough of a beating yet. They got a punch in the gut in 2000-2002, then a smack upside the head in 2006-2008, now they're coming back for a kick in the azz.

To: Travis_Bickle who wrote (201050)	5/7/2009 4:57:21 PM
From: Smiling Bob	Respond to of 306849

DJ UPDATE: Wells Fargo, Morgan Stanley Announce Stock Sales . (Adds Morgan Stanley announcement, at top) DOW JONES NEWSWIRES Wells Fargo & Co. (WFC) and Morgan Stanley (MS) were among the first banks to rush to raise capital following the preliminary assessment by the Federal Reserve that at least six of the nation's 19 top banks will need to boost their capital levels by a total of $65 billion. Wells Fargo will offer $6 billion in stock, while Morgan Stanley said it intends to sell $2 billion. Reports had been that Wells Fargo has been told to raise up to $15 billion in capital, with Morgan Stanley about one-tenth that amount. In addition, Morgan Stanley plans to sell $3 billion of senior notes not guaranteed by the Federal Deposit Insurance Corp. Selling non-guaranteed debt has been reported to be a prerequisite to repaying money invested in banks by the federal government through its capital-infusion effort. The Wells Fargo offering makes up about 6% of the company's $98.6 billion market capitalization and is being made under an existing shelf registration on file with the Securities and Exchange Commission. Shares fell 4% to $23.77 in after-hours trading and were off 16% so far this year through Thursday's close. Morgan Stanley's market value is nearly $30 billion and its stock fell 4.4% in late trading to $25.95. Its stock was up 69% through the close. The Federal Reserve is directing at least six of the nation's 19 top banks to boost their capital levels by a total of $65 billion. The official test results, to be released at 5 p.m. EDT, will show which banks appear able to weather the economic crisis without more help. In addition to Wells Fargo, Bank of America Corp. (BAC) and Citigroup Inc. (C), among others, are expected to be directed to raise funds. Analysts have expressed concern about the risk Wells Fargo assumed with its recent purchase of troubled Wachovia Corp. Wells Fargo is now heavily exposed to commercial real estate, another weakening sector of the U.S. economy. Future earnings may come under pressure if Wells Fargo looks to reduce certain balance-sheet items largely inherited from Wachovia, such as $6 billion in commercial mortgage securitizations and $137 billion of exposure to credit default swaps, analysts have said. -By Lauren Pollock and Kevin Kingsbury, Dow Jones Newswires; 201-938-5964; lauren.pollock@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: djnewsplus.com. You can use this link on the day this article is published and the following day. (END) Dow Jones Newswires May 07, 2009 16:52 ET (20:52 GMT) Copyright (c) 2009 Dow Jones & Company, Inc.- - 04 52 PM EDT 05-07-09