Dilution, Infusion and Collusion: Push Stocks Higher! 13 comments
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I agree. I have been too bearish into the recent rally. I have been concerned about the trivial write-offs and more concerned about the side deals that are designed to ensure companies live on, even though they may continue to bleed hemorrhage.
So what if Bank of America (BAC) is re-evaluating the “promise” to back to Countrywide Financial (CFC) debt? Push the shares higher I say, as it is a clear sign that Countrywide has a greater chance of backing out of the deal and the share price cap is now removed. Don’t worry that it may actually have a tough time with staying solvent absent Bank of America. Why? The FED will surely step in to help Countrywide if it falters.
Credit Card companies colluding? Push em’ higher! (Capital One (COF), American Express (AXP), Visa (V), Mastercard (MA).)
Companies issuing shares or accepting much needed infusions? Push em’ higher! Push em’ higher up! (Citigroup (C), Wachovia (WB), National City Corp (NCC).)
Be right back, need to finish my shock treatment session.
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This article has 13 comments:
fine w/me 'long as the fed'll take my old car and books (i don't want) and coins (that have "irrationally dropped in value") for their peak values (to return when the markets normalize) in exchange for treasuries
The second- is Mastercard (MA)
I feel America has 3 years left until one of two things happen:
1. The devilcrats tax us to death or
2. Our country goes into a tailspin so great it will make the credit crisis look like a bad hair day
As someone whose family has been in this country for 200 years- it pains me to see the demented group of people running for office- as we essentially have three liberals running for office...........
I visited 20 countries in the last five years and decided on Brazil- the southern part (Santa Catarina ) is 8million European Brazilians- and is my Destiny............ I even married a Brazilian to get me a green card :-)
(Me hablo Espanol poquito pero bastante bien, so creo mucho de este situation tambien.)
www.investorslive.com/.../
The Fed is going to exchange everything for t-bills which are backed up by a bankrupted Government with a fantastic printing press. I'm living in Chile already. I live by the river...