i hope abk and others survive. they were good companies overall, they just ignorantly (for more money) placed their stamp of insurance on the bonds that the banks/investment firms created to profit.
Markets Haven't Yet Properly Digested the Bad News [View article]
crazy doesnt being to describe whats going on. Criminal describes it better. It doesnt take much skill to RIG the markets higher. After the entire system is set up completely non-transparent and the rules down there are if you cant find buyers for stocks, buy up what is being sold, then raise the price and pray for buyers.
as soon as these markets rise more, the game will be over and you will see the rug pulled in 3-6 months.
The Worst Is Over ... Again ... And Again ... [View article]
excellent article, but keep in mind that the markets are a corrupt rigged instrument where many funds hold 90% of the stock and manipulate the other 10% up. many of these dow up 200 days were just manipulation. the worst will be over when p/e's are no longer over 50 and growth is no longer and excuse to be irrational exhuberant. i dont remember anytime in history when amazon (for example) priced in 60 years of forward earnings into the stock which included no slowdowns etc.. correction in the dot com bubble they priced that in.
great article sir, i salute you. turn off CNBC too, they are just paid of salesemen (ie. see ambak 3:30pm pumping three times by gasperino resulting in 300 down moves up, on the back of 'bailout' er i mean 'dilution'
your 100% right with this post. but the reason it isnt $40 already is there are no bids on this stock and the specialists know it, its just them rigging things as usual with the dumb SEC as useless as during the dot com era. if i was legg or bezos id be out already because this price is absurd. theres no reason this should be over $40, especially in recession.
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as soon as these markets rise more, the game will be over and you will see the rug pulled in 3-6 months.
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The Worst Is Over ... Again ... And Again ... [View article]
great article sir, i salute you. turn off CNBC too, they are just paid of salesemen (ie. see ambak 3:30pm pumping three times by gasperino resulting in 300 down moves up, on the back of 'bailout' er i mean 'dilution'
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