Here we go again...
Can you all feel the tension ?
- Thread starter capmac
- Start date
UBS just announced a $12 Billion Loss, $19 Billion Writedown & Chairman Ospel Steps Down
History repeating?
A quick look back from 1920's to 1930's
Damn, didn't I just live through 3/4 of that? I even quit drinking! Oh crap, what's next, a world war? Oh wait, we have a global war on terror/drugs/poverty/aids.
A quick look back from 1920's to 1930's
Damn, didn't I just live through 3/4 of that? I even quit drinking! Oh crap, what's next, a world war? Oh wait, we have a global war on terror/drugs/poverty/aids.
This is the rest of the street bailing them out. They can't take a UBS fail because of the counterparty risk.
UBS was gone w/o this infusion. Some relief. Now, let's see how smart they are with a second chance.
I still don't see how these firms excel going forward. If they can't do their 'sleigh of hand' stuff, they can't make real money.
UBS was gone w/o this infusion. Some relief. Now, let's see how smart they are with a second chance.
I still don't see how these firms excel going forward. If they can't do their 'sleigh of hand' stuff, they can't make real money.
Why is futures up big time today on all those bad news?
Did not you see that beautiful bull wedge those all market participants headed by Fed were building during past week with our own blood and money?
It was school example, even blind must feel it.
And yesterday trigger signal?
And positive news about UBS /that it did not bankrupted immediately/.
It was school example, even blind must feel it.
And yesterday trigger signal?
And positive news about UBS /that it did not bankrupted immediately/.
