p.s. US Treasury bond yields will rise significantly as a result of FNM/FRE bailout. This is exactly what Bill Gross is hoping for (assuming he is still shorting treasurys).
All indications are that current FNM and FRE shareholders will be wiped out. How can preferred be saved without a future dividend? Overall stock market will be up 100-200 points on the open. Huge selloff by mid-week. Good luck.
Lehman Brothers Take-over: Implications for Financials [View article]
Lehman is insolvent and bankrupt! They are facing $65-70 billion in future writedowns - and have a market cap of $10 billion! This buyout rumor was likely planted by those desperate to unload Lehman stock (using Dick Bove as a conduit). Of course, it will NOT be investigated by the SEC or any other US regulatory agency. When will the crooks go to jail? Hasn't the Street ripped the clueless investor for enough money already?
Remember how he always touted his special relationship with Eliot Spitzer? Cramer is scum of the earth. I still have a bookmark to all his top 10 picks at Nasdaq 5050. absolutely disgusting!
Remember how he was so proud and touted his special relationship with Eliot Spitzer? Cramer is scum of the earth. I still have a bookmark to all his top 10 picks at Nasdaq 5050. He is very disgusting!
Ten Bear Market Phases, Current Edition [View article]
sunburned, you are very naive and ill informed. Your comments are just plain stupid. Nearly half the homes being sold are foreclosures. Anyone who bought a house since 2005 is clearly underwater. Many condos and homes are for rent. There is a glut of inventory.
Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [View article]
Fannie & Freddie Bailout? - Fast Money Recap (9/5/08) [View article]
Lehman Brothers Take-over: Implications for Financials [View article]
Fannie and Freddie Shareholders Run for the Exit [View article]
Rant Anniversary - Cramer's Mad Money (8/1/08) [View article]
Rant Anniversary - Cramer's Mad Money (8/1/08) [View article]
Ten Bear Market Phases, Current Edition [View article]