aptbroker1

Why Yesterday's Optimism Wasn't Warranted

I love it! UBS and DB write off ANOTHER $23 billion, and the idiots in the market go nuts. Did everyone forget that the banks have only written down about 30% of the total projected losses? How bout home builders? Another great play right now. Their stock is up huge, but the companies are in the toilet. What gives???

Citigroup: We Never Learn

My opinion of the US market is that nearly everyone involved are idiots. Citibank is going to lose almost 400 BILLION dollars, maybe a lot more, and their stock goes up 25%? I rest my case.

Market Sentiment: Eye-Poppingly Bearish

About to enter a recession? What planet are you referring to please. I have been shorting stuff for months, and the commercial R.E. biz is nearly moribund!