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  • Wall Street Breakfast: Must-Know News [View article]
    Nothing much is going to happen between now and New Year: we'll keep being told it's getting better and we know that it isn't, but unless some bad news manages to squeeze through the rose-colored sweet-spelling filters that are so much in use right now, the markets will tick along at the present level for a while longer, and the dollar will rise and fall with every economists' comment for better or worse, though trending down slowly as US economic influence wanes in the global economy. Is this a lull before the storm?
    Nov 17 09:03 am |Rating: +8 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Fannie, AIG, Credit Suisse, Royal Bank of Scotland, Morgan Stanley, American Express and any others I may have forgotten are all doing their bit to tell and show us that they've made mistakes, deserve to be castigated, will toe the line and pay the fine or whatever is required, and really they are great financial businesses just a little misunderstood but getting better at it.

    Well, can't say I like the script, but it's part of the deal that most importantly includes the government and Fed agreeing to fund the financials until they're back in good health. I can forget fundamentals for now and rely on the continuance of this support which is having the effect of their stock prices rising regardless.

    So, this bear has bought in: whilst I look good in shorts, they've cost me too much. I'm a government man now, and urge everyone to get their fill at prices you won't see again (until the pending crash, so be sure to get out before then).
    Aug 07 11:18 am |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Well, now we'll have a financials rally, which I have enjoyed today with a buy and sell of FAS, thank you; but longer term there is still a lot of bad news yet to come. So enjoy short term trading of financials, but don't own for investment just yet, unless you don't mind losing money. You bulls mark me down for this: I can take it. Losing money, I can't.
    May 08 12:51 pm |Rating: +3 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Restructuring" is a great euphemism for propping up and keeping open a bankrupt business, whether it's GM or any number of banks, insurers and financial firms that frankly have been insolvent for some time. I don't pretend to know which ones to save and which to let fail, but I do know I don't like my tax dollars being used to support greedy and not very competent bosses and workers whilst I'm doing all I can to pay my debts and bills and support my family.
    Feb 26 10:54 am |Rating: +2 -2 |Link to Comment
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