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  • Citi Needs Up to $10 Billion in New Capital [View article]
    Folks, this is the type of guy that our government loves. He doesn't care about reality, he just cares about fair.

    Let me tell you about fair buddy.

    Your government has done the following:
    1. Voo doo accounting so we don't know the extent of the toxic assets on the books of these banks.
    2. Total lack of clarity about their financial situations.
    3. Projected mortgage defaults.
    4. Projected credit card defaults.
    5. Projected auto loan and auto lease defaults.
    6. What type of credit default swaps these banks own.
    7. What is this stress test??? What does it really mean??

    I don't know about anybody else here, but I am scared SH*TLESS about the health of this industry and the trillions it will really take to stabilize it.

    On May 03 12:57 PM LivingFractal wrote:

    > How about an article that's neutral? This one is dripping with bias.
    > How about some scenario models? Ex:
    > - Citigroup is required to raise $10Bln, but this does not include
    > the preferred stock conversion.
    > - Citigroup is required to raise $10Bln, including the maximum preferred
    > stock conversion.
    > - Citigroup is required to raise nothing, and no stock conversion
    > is required.
    > - Citigroup is required to raise between 0 and $10Bln, without conversion.
    > - Citigroup has $500 million more than they need, and no conversion
    > is necessary.
    > This article, written by someone with over a thousand sheep, er,
    > I mean followers, is nothing more than a biased reprint of a chosen
    > article written buy something who can't name their sources and whose
    > writing is sub-par at best.
    May 4, 2009. 09:40 PM | 2 Likes Like |Link to Comment
  • Reading the Stress-Test Leaks [View article]
    You can bet that our government is now going to sugar coat everything so they can save Wallstreet.

    The reality is we still have the existing toxic assets, continued unemployment will creat more mortgage loan defaults, more credit card defaults, more auto loan and auto lease defaults. Commercial real estate is about to enter the collapse zone. Government approved voo doo accounting practices to make the doo doo look good! TOTAL LACK OF CLARITY IN THE ENTIRE FINANCIAL INDUSTRY - hey everything is gonna be alright!

    Folks, our own government is gonna take you down hard. VERY HARD!

    May 4, 2009. 09:28 PM | 3 Likes Like |Link to Comment
  • Stress Test Leaks: Endgame Emerging [View article]

    1. Existing toxic assets on the books.
    2. Existing credit default swaps on the books.
    3. Total lack of clarity for the toxic assets due to approved governmental voo doo accounting for the banks.
    4. Increasing unemployment that will:
    a. Increase the number of bad mortgage defaults.
    b. Increase the number of bad credit card defaults.
    c. Increase the number of bad auto loans and auto leases.
    5. The tsunami of defaults coming down the financial district in bad commercial real estate loan defaults.
    6. The tsunami of bad loans by GE Capitol that will bury GE.
    7. The continued closings of small and medium businesses and their loan defaults on the banks.
    8. Whatever happened to Fannie Mae and Freddie Mac - still in big trouble as unemployment increases.
    9. OH, is AIG out of trouble yet?? I think not and either are all the major insurance companies.
    10. Uncle Obama is printing money faster than I can count to 8 Trillion.
    11. Our consumer nation is not consuming anything.
    12. What happened to the auto industry? There goes another 200,000 jobs and all the collateral that goes with it!!!!! Any real shock on the markets??
    13. Our government is outright lying to us about our economy and will surely do so with the lack of STRESS TESTS. Do BAC and C need $10 Billion or $70 billion?? With all the cover up accounting and lack of information do you and I really know??? I figure they must be if they let the banks look good so we don't panic!!
    14. House sales are up 3%, OH BOY! But these are not the sales of new homes. If you are a first time buyer, there is no way that these people have 20% down to buy a house. If you would like to move up, unfortunately you can't sell your house to do that. So what is the big deal with a 3% increase in home sales? Additionally, most of the big home builders used the Chinese drywall from 2005 to the present. Imagine the 10's of thousands of class action law suites that will put these companies into bankruptucy over the drywall!!!! Imagine if people walk away from their houses and just let the banks have the Chinese drywally houses if there is no other recourse!! WOW WHAT A GREAT HOUSING MARKET!!!
    15. LESS BAD IS GREAT. I want whatever the market morons are smoking to understand how things are so great now.

    No offense folks, if only a few of these things make any sense, we are in for some major trouble. The Fed. cannot print enough money to save us. All cannot be as rosy as they would like us to believe.

    May 4, 2009. 09:22 PM | 18 Likes Like |Link to Comment
  • Book Review: Jeff Immelt and the New GE Way, by David Magee [View article]
    GE is not going to be around much longer with thanks to GE Capitol. The finance division is going to bring the whole company down with its mortgages, second tier lending practices and credit card payment defaults.

    Credit payment were down 20% for the first quarter, just wait till the 2nd and 3rd quarters. GE will look like the banks!!!

    Jack Welch will go from champ to chump for building this ticking time bomb.
    May 3, 2009. 11:26 AM | 5 Likes Like |Link to Comment
  • Long Term Treasury Yields Likely to Rise, Pressuring Dollar Lower [View article]
    Buy and hold TBT and watch the pinball score roll.
    May 1, 2009. 09:42 PM | 3 Likes Like |Link to Comment
  • Fed Watch: Green Shoots Notwithstanding, Odds Favor More Easing [View article]
    Less bad, declining at a slower rate, not as bad as we expected....

    Lets look at reality:
    1. Unemployment is going up and will continue till the end of the year with the help of the auto industry.
    2. The banks have a huge tsunami brewing - More unemployement means more mortgage defaults, more credit card payment defaults, more auto loan defaults. Commercial real estate defaults are rolling down the street. The banks still have their existing toxic assets and whatever credit swap defaults that they own. Don't forget the hanky panky accounting they are allowed to use to cover up whatever ails them currently!
    3. GE Capitol is in the same shape as the banks.
    4. Fannie Mae and Freddy Mac are still hiding behind the curtain.
    5. Hey, remember AIG, they will be back.
    6. The entire insurance industry is about go bust!
    7. Retail sales are less bad and will continue to get more bad.
    8. Our consumer society has quit consuming thereby making manufacturing less bad and will continue to get more bad.
    9. Name the industry, they are taking a pounding. Less bad of course.
    10. Our government is printing money faster than we can get the paper to print it on. INFLATION, you bet. Faster and bigger than Jimmy Carter can make it happen.
    11. USA DEBT: who is gonna buy it? who is gonna pay for it?

    Folks, we are in deep, deep doo doo. The dow will drop to 5500 by August. There is no way they can stop this thing from happening.
    May 1, 2009. 09:36 PM | Likes Like |Link to Comment
  • Manufacturing: 'Less Bad' or Not? [View article]
    First of all, do you believe any government report at this time? The actual unemployment number revisions have been staggering each month, and corrections for every indice has been worse than originally reported, AFTER THE APPROPRIATE ADJUSTMENTS, OF COURSE.

    The reality is things may be less worse but I am telling you they will be much worse.

    Auto industry layoffs could be between 200,000 to 300,000. What will this do to mortgage defaults; credit card payment defaults; auto loan payment defaults?

    Add these unemployed to the already historical 6.3 million and we now have more people that won't be spending money. This is why retail sales will continue to fall also. Our consumer society cannot consume when they don't have money. Manufacturers don't have to make things when people don't buy them.

    The commercial real estate bust is upon us. Lack of retail sales and store closings are hurting big malls, strip malls and shopping centers all over the country. The closing of small and medium sized businesses is leaving office space and commercial space vacant. The commercial real estate industry cannot refinace and will be defaulting on their loans.

    That leaves or banks and GE on hard times again. Existing toxic assets, credit default swaps, rising mortgage defaults, credit card payment defaults, auto loan defaults. Oh, don't forget that the government let these banks use Bernie Madoff accounting voo doo to report their losses.

    How about that insurance industry? Their failures will be catastrophic also. I hope the treasury ordered a few new printing presses because we are going to need them.

    Can someone please tell me what less bad means? The way I look at it, it's MORE BAD! Lots more bad and it's gonna get worse very soon.
    May 1, 2009. 09:16 PM | 2 Likes Like |Link to Comment
  • Auto Loan ABS Holding Up Well Despite Rising Delinquencies [View article]
    I am told by a friend at Toyota that the auto payments are last on the list of delinquencies because people don't want to give up their cars.
    They can lose the furniture, house, credit cards but the car is the last thing to go.

    Eventually, delinquent payments will rise as unemployment continues to rise.
    Apr 30, 2009. 09:40 PM | Likes Like |Link to Comment
  • Earnings Preview: The Hartford [View article]
    Made my mom sell her Hartford Life Policy in case there is a run on the company.
    Apr 30, 2009. 09:37 PM | Likes Like |Link to Comment
  • Housing: The Ship Is Turning [View article]
    I also would like some of whatever the author is smoking!

    Look, unemployment is at a historical high and growing. The auto industry layoffs will put another 200,000 people out of work. This means more mortgage defaults and more houses on the market.

    Retail sales are down again and will fall even more as unemployment increases. People are only buying what they need, the basics. Watch for many retailers failing by the end of the year.

    How can manufacturing pick up when no one is buying? Inventory levels may be at an all time low but there will not be any major replenishment of new items when no one is buying.

    And as for the housing market. More foreclosures mean more inventory on the market. No one can sell their existing home to move up. First time home buyers don't have 20% to put down to get their first house. How are things stabilizing??

    Last but not least, the major home builders have all been using the Chinese drywall since 2005. The class action law suites will hit these companies like a tsunami with 10's of thousands of homes finished with this drywall.

    I guess the housing market and industry looks pretty good, just like the rest of the economy!!
    Apr 30, 2009. 08:01 PM | 1 Like Like |Link to Comment
  • Housing Bottom Predictions and What I Learned in High School [View article]
    Even though prices are going down, this does not mean that homes will sell. The author is correct, as unemployment goes up, so will mortgage defaults.

    Additionally, if you own a home and want to move up, it's almost impossible because you can't sell your existing house.

    If you are a first time home buyer, you now need a 20% down payment. These buyers do not exist.

    Last but not least, the big home builders have been using Chinese drywall since 2005. The lawyers are just sinking their teeth into the class action law suites for the 10's of thousands of home owners that have this problem. Say good bye to the housing industry.

    Apr 30, 2009. 07:48 PM | 1 Like Like |Link to Comment
  • Homebuilders Index Is Up by 67.4% Since Mid-March [View article]
    WOW, confidence is up. Are sales up, NO. Can anyone sell there existing home to move up and buy a new home, NO. Do first time home buyers have 20% down to buy a home, NO.

    Hey, confidence is up and all kinds of morons are buying confidence. Now that's an educated stock buyer.

    No one is talking about the Chinese drywall that all the major home builders - GL Homes, Lennar......have used from 2005 till present! Folks this will put these companies out of business with the slew of class action law suites brewing. Tens of thousands of homes have this drywall and the home owners only recourse is to sue the builder.

    How good will the confidence level be when this hits the front page. I can't wait to see.
    Apr 30, 2009. 07:33 PM | 1 Like Like |Link to Comment
  • Why Jim Rogers and Robert Shiller Aren't Buying U.S. Stocks Yet [View article]
    Hey Cetin, if you are day trading to make some bucks, go buy some stocks. This is not the time to buy and hold by any means.

    There will still be bank failure due to more unemployed causing more mortgage default, more credit card default, more auto payment default, the tsunami of commercial real estate default coming at us, existing credit default swaps, voo doo accounting, total lack of clarity, Bernie Madoff Stress Test results......

    Our government is lying to us about our financial markets, there is no way that they are healthy or will be healthy in the next two years.

    Home sales are down and the new home builders are not selling anything at a profit. You can't sell your existing home to move up and what first time buyer has a 20% down payment? Additionally, from 2005 to 2009 they all used the Chinese drywall. All of the home builders will be sued by 10's of 1,000's of home owners which will bury them!

    Retail sales continue to fall. Unemployment is now at an all time high and will continue to climb. People will still only purchase what they need, non-discresionary spending will be a thing of the past.

    Do you know anyone that bought a new car in the last 9 months? Her comes 100,000 to 200,000 unemployed with the shrinking of GM and the bankruptucy of Chrysler. What will this do to all the banking problems??

    GE Capitol will make Jack Welsh look like a fool. This company will fall harder than the banks with all their second tier lending consumer credit portfolio and their less than stellar mortgage portfolio.

    Dow Chemical net income -96%, BASF net income -68%, Office Max profits -79%, Starbucks profits -77%, Tyco loses $2.57 billion..

    When will these numbers and dismal basic conditions mean something to the morons buying in this market? There are very few companies that are performing.

    The time is very near that all this reality will cause a correction of massive proportion. I'm putting the market at 5,500 by the end of August. There is no excaping reality.

    The FED, our President, Cramer and all the Financial news makers, except RICK SANTELLI, are all sugar coating what is going on and basically lying to us about any type of improvement.

    You wanna make some money, short this market when Chicken Little finally yells "THE SKY IS FALLING"

    On Apr 26 01:18 PM Cetin Hakimoglu wrote:

    > up is still up. Markets surging. Ether get on board or sit on the
    > sidelines watching everyone else make money in stocks again.
    Apr 30, 2009. 07:20 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Let's see, my company is doing really crappy so lets deflate our estimates as much as possible so we can beat them and look great.
    Apr 30, 2009. 09:22 AM | 4 Likes Like |Link to Comment
  • How Will Markets React to Mexico's Swine Flu Panic? [View article]
    Uncertainty with swine flu?? HOG WASH


    Apr 27, 2009. 07:21 AM | 2 Likes Like |Link to Comment