phdinsuntanning

Financial Stocks Trading Near Book Value

after almost 25 billion dollars of banks assets writedowns and credit losses declared by Merrill Lynch against a couple of billions by Bear Stearns drive us to share Felix concerns about the difference, did BSC all the writedown job or not? that is the rigth question, imo this is a crisis of solvency in leveraged institutions, I dont see how this inflationary monetary packages will solve anything, most of this repos games will end in long gold contracts and volatility.

Short Covering Helps Boost Stocks

The Fed Reserve, tying desperately to keep the ship afloat, has done everything in its power to pump more money into the pirate ships that are sinking! Another $200 billion this week! Up until this week, they tried to keep it at $30 to $50 billion each injection. Now, they are pouring in the money. This is because the magic money is turning to lead faster than ever! And note that the pirates themselves are taking these billions and turning them back into bullion: they are buying GOLD. Which is why the price of gold has reached $1000 and ounce and will fly ever higher. The more the central banks do this, the more gold will inflate! elaine, smart girl.

Short Covering Helps Boost Stocks

you give me government debt and I give you scrap morgage paper, it doesnt look any good for the budget, fantastic if you are a financial institution, the taxpayer is covering your hole. You must be kidding to buy dollar assets just because of this paper printing game, indirectly inflationary to me, smart anyway... keep short.