Wall Street Breakfast: Must-Know News [View article]
One earlier poster wrote:
You don't quite get it do you? The banks are fabricating their numbers! The abandonment of mark-to-market allows these guys to use any of five different ways to value assets. Basically they start at the bottom line and work their way backwards. You'd have to be a fool to believe anything they say.
Wonder what the numbers would reveal if all the toxic debt and CDO's were allowed to be factored in? Treat financials as a short term trade only!!! Take your profits and hit the exits!
Why GM Is Ready for a Rebound [View article]
One problem. There are few people out there who can qualify to purchase a GM or for that matter any other auto mfg. car now.
With anemic demand...how will GM and others do?
Wall Street Breakfast: Must-Know News [View article]
You don't quite get it do you? The banks are fabricating their numbers! The abandonment of mark-to-market allows these guys to use any of five different ways to value assets. Basically they start at the bottom line and work their way backwards. You'd have to be a fool to believe anything they say.
Wonder what the numbers would reveal if all the toxic debt and CDO's were allowed to be factored in? Treat financials as a short term trade only!!! Take your profits and hit the exits!