Did U Think The Ponzi Scheme Would Last?

Six Signs Economy Is Turning the Corner

I'm going to let you in on a little secret. The global financial system is bankrupt. In addition, when you talk about taxpayers paying for this or that bail out you are badly mistaken since our government has no money and neither do taxpayers. No, the bailouts are not being paid for they are being financed with more debt. This debt absolutely ensures that the US is a debt slave going forward and thus cannot recover. This is a debt death spiral.

Let me give you another hint. The trend for the markets and the economy is still down. This is but a monster sucker's rally within the broader meltdown but within 2-3 months the meltdown will resume. Elliott wave followers call this rally Primary 2 and they predicted it would happen in advance and then called the start of it nearly to the day. Folks like Prechter said it would be the biggest rally of the meltdown yet and that it would fool many sheeple into believing the meltdown was over. In reading your post I guess he was right again.

After Primary 2 ends will come Primary 3 - a massive collapse which will lead to lower lows. It will occur because the debt that has already gone bad and yet has been hidden on bank balance sheets will begin to stink so badly that no amount of kitty litter will cover it up. Once the stench becomes unmaskable then the truth will come out and it will crash the system. Again, the debt is already bad its just that accounting tricks have been allowed to cover it up and kick the can down the road. But you can't fool all the sheeple all the time and sheeple are beginning to awaken.

Just remember back to the crash of 29-32 and all the times that people thought it was bottoming and turning around. Each time they were wrong.

Welcome to the great depression of 2009.

Goldman's Success: Put Down Those Pitchforks

"We're back to "normal.""

So normal is where banks should make outsized profits for producing nothing of value for the economy while handing us all outsized risk that is guaranteed to blow up in our faces some day. Is that what you are saying?

People like you do not know what a real economy is supposed to look like and thus you think this is normal. The 50s were a real economy and banking was a 3-5% dividend business. They were not superstars. They were stodgy and glassy eyed and careful and conservative. Now we have been sheeplized to believe that cowboy banking is normal.

This will end badly because there are too many people like you that have not one clue as to what is right and sustainable and what is wrong and guaranteed to blow up in our faces.

Paying the AIG Bonuses - The Alternative Is Worse

I have a better idea than paying criminals more money to undo what they have done. I suggest that they each be convicted of criminal negligence on a grand scale and that their sentence will be tied to their performance.
American taxpayer makes money in the unwind=no jail
For every billion that the American tax payer has to eat in this, 1 year in the slam, no chance of parole.

How much more incentive would they need?

The IBM Industrial Average

Desperate spammers on SA. Everyone is an expert now. This will end badly.

AIG Gets the Scarlet Letter

Why would you buy AIG? Waiting for a greater fool to come along are you? Sorry, but this time there is no greater fool than you.

S&P 500 Financials - Best and Worst of the Week

The above list of winners and losers for the week is useful if you keep in mind that they have all been big losers so far and they will all lose more before this is over.

So, when the big losers of the week hit their support, cover them and then short the big winners of the last week when they start to falter. Example: is MBI really any better today than when it hit $4? Of course, not, it's actually closer to death. So why did it skyrocket to 16 and then come back down to $12? Is is "recovering"? Of course not, its just short covering that has run its course. Everyone and their dog was short that crap and now it is time to short it again since the herd of locusts has moved on. When the herd comes back, cover the short.

Well, maybe you don't have to this time b/c MBI is likely going to BK.

Attention Locusts: The Party Is Moving to Merrill and AIG

Oh shut up. When stocks rising nobody talks about conspiracies. Its only when prices are falling that something must be wrong. Well there is something wrong - financials went crazy with leverage in their unmitigated greed and many of them are insolvent. The piles of level 3 assets need no rumor mongering. The fact that they exist speaks for themselves.

Did you really think the Ponzi scheme would last forever?

AIG's Long Awaited Shake-Up Arrives

All your fundamental analysis is flawed because it uses past numbers that were achieved through the use of risky leverage which will not be possible going forward. Take away the leveraged business revenues and profits and what do you really have? The low price to sales number is like that because big investors understand that a major dynamics shift has occurred.

Now, look at the chart. You can see how AIG suddenly went into overdrive some years back due to leverage. That makes it a mania chart. Manias always end up lower than where they started. Watch in shock and awe as AIG continues to tank down into the low 20s and then into the teens.

Without the leverage it's simply not the same company.