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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: bearbyebye who wrote (43436)	9/1/2009 4:23:50 PM
From: Real Man	Read Replies (1) \| Respond to of 207052

No, and that is bullish. The market never does what most investors believe it will do. This is likely animal spirits, a short term drop today only to soar to new highs. The correction, if any, will come in October or when nobody expects it. Who knew about October 2008 crash in advance or could predict it? Note that the market only advanced marginally since May, and it rallied from March through May mostly light, err, without the crowd. The crowd might just jump in on this dip We closed at support. Let's see if it holds.

To: bearbyebye who wrote (43436)	9/1/2009 4:49:33 PM
From: bearbyebye	Respond to of 207052

WFC was an easy target for the rumor. The bank has refused to raise the required capital from the stress tests results back in May. WFC management has been butting heads with the Feds for the past 4 months. Feds want WFC to raise more capital, WFC management say they'll earn the needed the capital in a few quarters. Coincidentally, BAC today announced they want to repay a portion of the TARP funds so the hedgies couldn't target them with a rumor. The bottom line is this is a banking crisis that we're getting out of and the quickest/easiest way to re-create the panic of 12 months ago is by re-creating what caused the melt down.