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  • Selling the Short Sellers Short: Another Sign of Trouble [View article]
    why MOST banks WILL FAIL...

    and they ARE "no LONGER" A GOOD INVESTMENT...


    ...unless we withdraw from WTO and Nafta, to MAINTAIN A LOCAL HIGH-PAYING JOB BASE, drop Real Estate across the board to about 50% of what it is now, cut government spending drastically...AND EVEN IF WE DID ALL THESE THINGS the transition would still be tough...

    WELL MOST OF THAT IS NOT GOING TO HAPPEN...so MANY BANKS WILL FAIL (sustained in appearance by the Fed...but they won't have much investment potential).

    Consumers will get laid off IN GREATER NUMBERS AS BUSINESS'S CUT BACK...so they can show less than analyst's expected losses (mostly due to lay offs...who are also those people who will not now be shopping at Target, etc.)

    Get the picture...WE'RE GOING DOWN...and the BANKING SECTOR is "LEADING THE CHARGE" FOR THE MOST PART.

    Now maybe Obama has a solution, BUT I DON'T THINK SO.

    So, IT'S RIDICULOUS TO ME TO WATCH THE "FINANCIAL SECTOR" RALLYING when

    THERE IS NO REAL CHANCE FOR IT'S RECOVERY!

    there's a lot more I could say, on fundamental economic issues...BUT THIS IS PRETTY MUCH OUR FUTURE.

    NO REAL-ESTATE RECOVERY

    NO BANKING RECOVERY

    MORE TAXES

    CONSUMER SPENDING CONTINUING TO DECLINE

    MORE JOB LOSSES TO OVERSEAS

    OIL continuing to be the new BLACK GOLD...WHICH MEANS AFTER A SHORT HIATUS ...PRICES WILL ONCE AGAIN START TO CLIMB...

    all in all, not a good picture. THESE ARE THE UNDERLYING PROBLEMS...

    SO MOST RALLIES ON THE MKT...LIKE THE ONE ON THE FINANCIAL SECTOR of the last few days...

    ARE BASED ON ILLUSION.

    So, my take is SKF looking real good going forward because MOST BANKS ARE HEADED FURTHER IN LOSS TERRITORY.

    FLASHROB
    Jul 20 10:27 am |Rating: 0 0 |Link to Comment
  • Selling the Short Sellers Short: Another Sign of Trouble [View article]
    I could agree, about the speculators taking advantage of naked shorting...BUT THE TIMING OF THIS SMACKS OF SEC MEDDLING IN THE MKTS...

    THEY SHOULD HAVE ANNOUNCE A FUTURE DATE FOR THIS RULE TO BE APPLIED ...not suddenly SPRUNG ON US
    IN THE MIDDLE OF A PLAY...

    LIKE CHANGING THE RULES IN A FOOTBALL GAME WHEN THE GUY IS RUNNING WITH THE BALL AND ABOUT TO SCORE A TOUCHDOWN...

    DO YOU CHANGE THE RULES TO INVALIDATE THE PLAY IN PROGRESS...

    I DON'T THINK SO...YOU WAIT 'TIL THE GAME IS FINISHED ...THEN CHANGE THE RULES...TO BE FAIR TO ALL...

    FLASHROB
    Jul 18 18:58 pm |Rating: 0 0 |Link to Comment
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