Touchdown: When Do Financial Stocks Hit Zero?
[View article]
Thinking that If every financial stock in the DJIA went to zero and the dow would "only" lose 331.25 points is pretty disingenious, in my opinion.
Seeing as a large part of the problem with the market and financials is based on peoples "perception" and "sentiment" of what is and is "going" to happen is responsible for much of our problems right now.
If the financials went to zero, you would probably be looking at Dow 4000.
Unfortuantely, hysteria rules the day more than charts do.
Nationalize Citigroup and Bank of America [View article]
"Felix, please do some more informed reading before making ludicrous claims about Bank of America. BofA not able to survive in its current form? Are you Illiterate or just plain dumb?"
I'd venture to say both......or very, very, short.
Eight Reasons Bank of America Is Going to $20 [View article]
A whole lot of misinformation has been bantered about by the talking "heads", much I would presume initiated by "Short Raiders".
But the retail shorts always keep me humoured though.
Presumably, they are the one's that cannot discuss the merits of your opinion without denegrating themselves with cheap shots about your suit.
But then again, that is what (far too) many people in this country have come to, further your agenda at ANY cost.
Bring back the 1940's and 1950's, where people actually cared for other people and their country.
Short Into the 'Bad Bank' Syndrome [View article]
Maybe I'm too conservative, but the possiblity of a 30% return verses UNLIMITED losses (if this GB/BB comes to fruition) seems like financial suicide.
Surely there must be some sector out there that offers a "safer" risk/reward ratio ?
Touchdown: When Do Financial Stocks Hit Zero? [View article]
Seeing as a large part of the problem with the market and financials is based on peoples "perception" and "sentiment" of what is and is "going" to happen is responsible for much of our problems right now.
If the financials went to zero, you would probably be looking at Dow 4000.
Unfortuantely, hysteria rules the day more than charts do.
Nationalize Citigroup and Bank of America [View article]
I'd venture to say both......or very, very, short.
A Primer for Trading Citi This Week [View article]
Highly unlikely.
This market right now, is in the midst of "Wealth Transfer".
Wealth being taken from retail (all of us) to the hedge, institutional and big brokerage funds.
Call me crazy, but these guys need to replenish their empty "pots".
The Government knows full well what banning short sales and reinstituting the uptick rule would do.....thats why they have NOT done it.
Not till the big boys are done "cleaning" up.
Heck, if Russia can SHUT their markets down, our government could reinstate the "uptick" rule quickly.
IMHO, maybe wrong, but thats what it looks like to me.