So today they are shorting everyghing else. We are in a race to the bottom driven by unbridled short interest. Think about it for a moment: If a stock float is 100 shares, one can borrow all 100 shares and sell them inot the market, thereby inflating the float by 100%.
Our financial system cannot stand the waterfall effect of doubling the available shares of every stock one by one, which appears to be what is happening. The end game will be to starve all companies of new capital (can't sell new shares to expand if your stock has been driven down 50% by short sellers.)
U.S. Banks Still Need To Come Clean on Subprime [View article]
Wow, another breathless article about the comming collapse of civilization due to subprimes, by someone who is numerically challenged to say the least. "...Nationwide there are still $1,300,000,000,000 in sub-prime loans outstanding with $235Bn of that debt in ARMs THAT CAN RESET AS HIGH AS 12%, which could lead to millions of loan foreclosures...." Millions of forclosures?? Give me a break - $235 billion in mortgaes probably amounts to no more than 2 million individual loans. So every single loan will go bad?? I don't think so.
The Longs are Getting Squeezed [View article]
Our financial system cannot stand the waterfall effect of doubling the available shares of every stock one by one, which appears to be what is happening. The end game will be to starve all companies of new capital (can't sell new shares to expand if your stock has been driven down 50% by short sellers.)
What a great outcome for our country.
U.S. Banks Still Need To Come Clean on Subprime [View article]