Robespierre

If Asset Prices Are Dropping, Why Are Bank Stocks Rising?

Humm I guess this is exactly what people who invested with Madoff were saying about their guaranty %12 return ...


On Aug 21 08:21 AM King Connor wrote:

> My prevailing thought with the big banks has been....the Goivt has
> basically taken them over....aka as taxpayers own the big banks...if
> they let them fail then they have basically allowed the country to
> fail with them...I think Govt will do whatever is necessary to save
> these big banks and let the small banks be fend for themselves....go
> long on banks and you cant go wrong...but you have to with stand
> the ebb and flow of prices...small investors likew myself see that
> as big risk big return possibilities... last week you could have
> had C at around 3.50...it will open at 4.50 today - nearly - and
> is that the top? BAC did this to me early in the year and I should
> have just watched for 6 months and I would have made 6x my investment
> but I traded in and out and am left with half the shares I had...I
> am staying for the foreseeable future. C has grabbed my eye and already
> made me 70cents a share.....they cannot be allowed to fail...Govt
> is telling us this everyday....toxic or not they will either restore
> the US economy or kill it I am betting on restoration. Obumma has
> thrown all the chips in too.....not a big fan of Prez but he has
> made some moves he cant walk away from and that means WE the People
> wont be able to get away either.....long on banks!