Wall Street Breakfast: Must-Know News [View article]
Well the money-go-round has got itself working well on the run up to Christmas, bonus season and good will to all. Enjoy it whilst it lasts, because when the day of reckoning comes, we're the ones who'll be paying the tab whilst the fat cats and politicians will be finding new excuses for getting it wrong yet again.
Wall Street Breakfast: Must-Know News [View article]
The high margins banks are making now on loans plus accounting sleight-of-hand to enable written-down loans to be re-rated will probably give banks the ability to boast about higher profits in the reporting season coming up, and that with continuing "good news" from the political talking heads will push stocks higher than they are already. Sadly this will simply make the fall when it comes, that much worse. There are already signs that the fake money and profits that have been proclaimed over the past few months cannot continue to be used, because they just do not exist! (The FDIC "tapping" banks, for example.)
Enjoy the bull whilst he's roaring, but be ready for the sprint away from the market which is coming.
Wall Street Breakfast: Must-Know News [View article]
The financials are still back in favour: surely this must be the biggest state sponsored ramp of stock prices since the UK privatised their co-operative home loan companies a few years ago, and none of which have survived in their original form. Stockholders lost plenty there, and I'm worried similar could happen in the US.
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Enjoy the bull whilst he's roaring, but be ready for the sprint away from the market which is coming.
Wall Street Breakfast: Must-Know News [View article]