stkinvestor

4 Comments

SEC Considering 'Market-Wide' Short Sale Rule [view article]
I agree with Archman - this SEC action is because they are being told to prop the stock market up at all costs.

My guess is that it may provide a short lived rally, but longer term the fundamentals of this market are utterly terribly, and it will take alot more govt intervention than this in order to prop them up. Aug 20 10:57 PM
Wells Fargo Downgraded: Oppenheimer's Whitney Goes Too Far [view article]
Wells Fargo's has massive exposure in California, and Real Estate there is dropping like a rock. I don't think Whitney will turn out to be too far off the mark on this one. It may just take a few more quarters, for as someone else on this board just pointed out, banks are working hard to hide (w/govt help via changes in accounting rules) and downplay as many of these losses as they can in order to buy time with the hopes that Real Estate will turn around. Most likely though, Real Estate continues to deflate, and bank capital with it. Apr 24 11:06 PM
Chance This Is The Bottom? Zero. [view article]
Curious Cat - Its true the rich do pay more $ in taxes, but on average they pay a much lower % of their income in taxes. That's the problem. Apr 06 02:22 AM
"Reluctant Banks" Let Defaulted Borrowers Stay in Homes [view article]
Rocco - your a true American! Apr 05 11:52 PM

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