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  • Wall Street Breakfast: Must-Know News [View article]
    Goldman Sachs and the Treasury sleep in the same bed. Whatever either does, they take care of their own and cronies first. So many now seem ready to believe the nonsense that gets reported that I can only sit it out and wait, taking a bite here and there if a long or short opportunity presents. The market now is a casino because true figures and positions are not easily available, if at all. Perhaps after summer when volume is up, we may start to get some reality based price moves.
    Jul 23 09:13 am |Rating: +10 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    We all know the financials are in a mess, and that includes the life assurers, whose bad and toxic debt situation we have yet to hear about: it's not just the banks who'll have to write off so much more going forward.

    And the banks have credit cards to rake in more money (and they won't suffer too much here from Obamafication), whilst the insurers have only the money savers have given and continue to give to them.

    When we will hear even a part of the truth from financials' CEO andf politicians; or maybe they don't even know how bad it is themselves. If they did, they could not keep making such rubbish statements about greenshoots and recovery, unless they really are the outright liars many are thinking.
    Apr 23 11:59 am |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Well, the markets are saying that they do not much like the bailout terms. It all looks very nice that the bankers are saying sorry and accepting new constrains, easing back on foreclosures and similar; but they're still going to do alright thank you, and now will have the policitians to blame when it gets worse, which it will. I just hope that some of the money being spent will really help educate our kids, repair our roads, bridges and other infrastructure, and get people thinking more about how good things can be rather than how much can we get. Investing-wise? I'm still more into shorts than longs. Sadly, it's going to get a lot worse before it gets better.
    Feb 12 08:04 am |Rating: +2 0 |Link to Comment
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