phubaiguy

Fed Finds a Way to Use Stress Tests to Screw Bank Shareholders One More Time

Yeah Hot Richard...now fix all that's wrong with your own nation.
Dang foreigners out there with nothing to do!

Want to Jump into Rallying Financials? Get a Strong Stomach

This research firm is probably accurate long term. If you don't know what you're doing here what better place I ask for long term than a beaten down bank that's guaranteed not to fail? As a research firm it does not deal with the importance of rumors speculators put out to drive prices down such as nationalization which BTW was just pulled on RBS last week driving AFL here down. It can do very little good for you in the situation right now because if you are a long term player you might as well buy big banks..except that they may not pay dividends because of TARP..which is trying to get their stock prices up..which tend to fall..when dividends are cut. Don't ask me, ask the government.

The End of Citigroup

The party may be over for the speculators but I've watched them three times now hit C at stops during it's fall. 50,000 to 70,000 shares at my guess $5 a share profit for holding it a couple days. They did it with Wa Mu, HIG, AIG, MBI, ABK, etc. Stands to reason they would want things to be messed up. We're paying for their fun either by losing money on stocks or the fall of the dollar. Oh well C needs to do something to get everyone off it's back. BTW in case you have not noticed...another bank will just have to assume it's position. No more than I have left in C, I'll get my money back if it ends up being the bank of Paducah.