Believe it or not, traders hit the buy button as another round of these borderline absurd stress...

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Whitehawk Comments (2963)
 
Rapidly changing sentiment rules the markets.
28 Sep 2012, 12:28 PM Reply Like

Zanalyst Comments (77)
 
"Absurd stress tests" - exactly.

Had the same criteria used in the current "stress tests" been applied to banks in Q2-2008, BAC and C would have been among the "best banks in the world".
28 Sep 2012, 12:31 PM Reply Like

wapiti Comments (510)
 
Ben and the fed (PPT) buying futures to window dress the qtr and keep the "wealth effect" theory working! Wait till they chickens come home to roost! Ben will be long gone! Just like Greenspan
28 Sep 2012, 12:39 PM Reply Like

J 457 Comments (869)
 
You got that right Wapiti. The chickens ARE coming home to roost and Oct is going to be a doozy month. Now that the QE momentum is gone the sellers will return in mass. FED is failing at improving employment, but successful at draining middle-class wealth.
28 Sep 2012, 12:42 PM Reply Like

American in Paris Comments (4709)
 
The Fed kept the Great Recession from becoming Great Depression II.
28 Sep 2012, 04:32 PM Reply Like

Tack Comments (9396)
 
Look, the markets may go up or down for a variety of reasons, but it's bordering on hilarious that folks would still worry about major banks failing, as it's become evident from recent experience, i.e., full support from the Fed and ECB, as well as their present massive liquidity and excess reserves, that the banks aren't the problem.

Want to worry about something? There are plenty of other issues deserving of attention. Most are on Capitol Hill.
28 Sep 2012, 04:41 PM Reply Like