ejhickey

Ben Bernanke Pleads for His Job; My Response to Bernanke

Today it was reported that the Fed tested "Reverse Repos" as a way to drain liquidity out of the system. Does anyone know how these will work or if they will work?

Did We Nationalize Banks, Or Did They Nationalize Us?

I was stunned to hear Larry Kudlow defending Hank Paulson. Essentially what Kudlow said was that Paulson may have broken the law and exceeded his authority but it was ok because he supposedly avoided a disaster. In other words the ends justify the means.

Of course Kudlow also said he expected a good earnings report from BAC. Just the opposite happened and BAC stock has taken a big step BACwards. So much for Kudlow's theory that they banks are profitable and will lead the economic recovery

Three Banking ETFs That Won't Fail (Thanks to Your Tax Dollars)

Don't be too sure this rally in financial and bank stocks will continue. Late today , I bought the bank and financial ETFs and several bank stocks. I have a pretty good track record at buying at the top. In fact you might even call me a "rally killer". Stay in this sector if you want to , but don't say you weren't warned .