dare16

September Existing Home Sales: up 9.4% to 5.6M/year, vs. 5.1M in August. Sales are 9.2% higher than the year-ago pace and are at the highest level in more than two years. NAR chief economist Lawrence Yun says the first-time buyer tax credit is fueling momentum that "needs to continue for a few additional quarters until we reach a point of self-sustaining recovery."

Tax credit is fuelling the momentun, not the further evidence the housing market and economy were on the mend, if no tax credit, i doubt it would show any improvement.

Uh oh. "Goldman Sachs today said the economy probably lost more jobs in September than it previously anticipated, citing 'disappointing' economic data, including the number of people receiving jobless benefits." Firm now pegs tomorrow's nonfarm number at -250K vs. a previous -200K and consensus of -175K.

Why not everybody follow Goldman,change the number to 250k, consensus would also become 250k, then the bull run would continue, because we have beat expectation.

Meredith Whitney Ratings

She only made a buy call on GS and neutral or sell call on other financial stocks, but why others also rally, especially C which her estimate is 100% worst than consensus.???

Despite Massive Layoffs Nationwide, These 28 Companies Are Hiring

This is their hiring number but thier lay off number may be even bigger

Insiders are unloading shares at the fastest rate since 2007. "They should know more than outsiders would, so you could take it as a signal that there is something wrong if they’re selling."

This month, my company monthly sales is lowest since 1997, i think those insiders' company also encounter similar situation, that why they sold their shares.

Cramer's Stop Trading! Cramer Calls a Bottom (3/26/09)

Yes it is cramer's bottom but after few months we may have a lower bottom and cramer may declare it is bottom again.

Ashamed of AIG

Aig is like the sun rising from the west then falling to the east, how come employees which caused the company fail are heavily are still around and heavily rewarded, really puzzled me. They all should be sacked immediately after management knew they have caused the company failed.

AIG Rewards Failure: How Could the Brightest Be So Blind?

If the aig employees have the slightest sense of dignity, they should voluntarily forgo the bonus, instead they want sue their company which they caused to fail if they cannot get the bonus.

It's a Winter Warming Spell - But More Snow Ahead for Markets

I agree your argument but don't forget that stock market recover first b4 economy. If stock market does't recover, economy then corporate profit will never recover.

The U.S. Financial Accounting Standards Board ((FASB)) will discuss mark-to-market guidelines at a board meeting Monday. The FASB says it will focus on "additional application guidance that would clarify how mark to market is used in illiquid markets." Earlier today, FASB chairman Robert Herz told a House subcommittee that new rules could be implemented within three weeks.

Mark to market is not reliable, it involve a lot of judgement, and the value change according to times and person who value it.

Wells Fargo: Risks Outweigh the Benefits

During bad time, short should not be allowed, it could make economy even worse. Majority would suffer.

BofA, Wells Fargo: No Equity After Accounting for Bad Loans

Fair value accounting should be abolish, it is an evil which make co achieve better performance when the economy is good but make financial statement worse than it should have when economy is bad.

BofA, Wells Fargo: No Equity After Accounting for Bad Loans

Why so concern about no equity, as long as banks can do business as usual and make operating profit, it is ok.

Eight Reasons Bank of America Is Going to $20

why so many comments about insolvent, did anybody really count the value of bank assets correctly, or just their personal opinion, without facts to support it.

Bank Nationalization: It's Just Plain Wrong

Nationalization would scare away investors, it is the most brutal, cruel, and uncivilized ways to treat shareholders of the bank. Vulture investors call for natinalization because they sense there is value in the bank assets and they can profit from it.