ozcutty2

A Summary of Q1 Bank Earnings: World, You Just Got Hustled

Banks fake results and use pumped up share prices to raise "free" money to pay off government. So we get our Tarp money back and banks can pay their executives fat pay cheques again. Existing shareholders get diluted but are happy the bank is not going to go out of business.

If you think about it, it was a pretty neat trick, and all up its probably a win-win all round.

To me it shows the lengths the US Administration will go to. Maybe thats why Japan was in a banking crisis for a decade, they were too honest or not smart enough to use these tricks!!??!

The question is, what will Q2 look like? do they have any more tricks? Without a good Q2, the banks will drop again. Maybe they can take our some more AIG insurance!

Exclusive: Big Banks' Recent Profitability Due to AIG Scam?

My only question is, given the fed is inflating and re-capitalising the banking system by dodgy means, how do i make money off this?
Buy BAC, GS?????
They always say "don't fight the fed" don't they??

Opportunities Buried Beneath the Headlines

Yeah, things aren't that bad, i've been 100% invested most of the year and i'm only down 5%. When the markets turn, people will be too slow to get back in fearing the worse. Stocks like BAC will rally 100% or more before the average mum and dad investor considers buying them.

Lehman Bankrupt, Merrill Swallowed, AIG Wilting: What It All Means

I think BAC could have waited another week and got MER for half the price.
LEH deserved to go under.
AIG is so very different, plenty of good assets, surely they won't let this one fail becasue of mark-to-market accounting

Dow Price Targets from Last November

What a joke analysts really are. I watched Bear Stearns and Countrywide get sold off cheap, yet analysts still had high target prices, ridiculous and a total waste of time.
My tip is to live as far away from Wall Street as possible and ignor this mob.