The Jackal

Financials To Resume Meltdown Momentarily

The financials are cooked.

Another Month of '08 in the Books

MMR is one of the best run exploration companies in the world. As of this report YTD performance was 109%. I believe that year-end performance for 2008 will be +400%. MMR is a well managed company, solid balance sheet, new / innovative technology, attractive sector and bright sales and earnings prospects.

Financial Stocks: Where Will They Go Once Investors Sober Up?

Yes, I think financials are cooked / fried !!!! Management of these firms have no credibility. John Thain of MER says they won’t need to raise more capital, then a week later the CFO of MER says he wishes Thain would not have made that comment, one week after that they raise $2.55 billion via a perp pref’d…..what a joke. Then last week Thain said their dividend was safe ….yeah right. I bet MER slashed their dividend within the next 90 days. The management of all the financial firms have to make positive comments about the soundness of their business because they have to convince investors to buy their secondary offering, bonds, etc… to shore-up their balance sheets. The financials are broken !!!! This crisis is FAR from over.