muley101

Is the U.S. Banking System Safe?

Great Article. It looks like the ultimate perfect storm. Just a few obstacles to overcome and we're in the clear:

1) Banking Crisis Growing, will be here for at least a decade
2) Soaring Price of Oil - Boone says largest transfer of wealth ever
3) Global Warming - food crisis looming, more national weather disasters to come, no more trailers from FEMA
4) Deflation in housing/Inflation in everything else
5) No Liquidity for new loans to drive the economy
6) 8 years of a fool for a President - America's reputation tarnished
7) Soaring National Debt
8) Never-ending War
9) Soaring Health Care costs
10) Iran, N.Korea going 'NUKULARE'

Other than that everything os A-OK

SEC Shorting Restrictions: Are Some Banks Being Set Up?

Thanks for this article. Now I know why my usual day trading strategy for WM was not working today. They were not moving with the rest of the pack as indicated by the RKH and XLF ETFs.

Writedowns and Capital Raised by Financial Firms

Yep, I'd like to see a comparison of C and WM showing total loan portfolio vs % of writedowns. WM should have the same or more bad loans as C as a % of total, especially since most of their loans are on the west coast and Florida. It that is true then there is no way they can survive and their recent statements regarding sufficient liquidity should send their board to jail.

New Lender Guidelines To Help Struggling Homeowners

How can Senators Dodd and Shelby possibly survive their next election ? These two morons have been asleep at the wheel for years. They are to balme as much as any of the incopetent CFOs that have been fired from the finace industry. Someone should write an article on their complicity with the mortgage crisis.

Shorting Washington Mutual on Market Weakness

Shorting these stocks at this point (6/9/08) is very dangerous. The government could announce some new bailout program that could send them up quickly and wipe you out.

Shorting Washington Mutual on Market Weakness

I think the safer play is to watch the indicators and go long with a bracket order of 2% stop and 1% - 2% profit, depending on the news of that day. I have been making some pretty good money taking a quick 1% - 2% profit in a few minutes.

Will the Banks Rebound? Cramer's Mad Money (5/30/08)

Yeah, about 9 months ago Cramer said "It's time to ring the register on oil". So I did. Thanks Cramer.