the government and AIG just agreed to a new bailout and there are reports that FNM will need more money too. Maybe this is just the beginning of more government spending
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now that the government will have such a huge role in the financial markets they will now regulate the market where they are one of the biggest players, seems ripe for corruption
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When considering weather bottoms are in or not you should first try to understand what is driving the madness. To put it simply the market is wringing the leverage out of the market. The problem with the financial stocks is that they run highly leveraged balance sheets. Since the model is to borr...
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This is no bottom. This is only the beginning of the correction. The CDS unwind is going to have a major impact and where the damage stops is impossible to tell. CDS exposure is massive (everyone has exposure). The market is going to throw the baby out with the bathwater and even the good stocks ...
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As Jim Cramer would say Booya....or is it Boohoo? Really Jimbob, that was one of the worst calls of all time. Things aren't as bad as the seem they are worse!
This is no doubt a historic weekend. Merrill sold (at an amazing price), Lehman folds, AIG begging for Fed access. This is the bottom r...
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As mentioned in my post from yesterday, I predicted that GS had more downside to come. In fact, GS fell another $30.00 in intraday trading today on more climactic volume. While we are currently trading up in after-hours trading, I do not think it is prudent to buy (or cover shorts ) until we actally...
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