Quote from Mr Pain:
Chatter has it that the Obama administration will announce something big this weekend.
Quote from Illum:
Well one more thing "could' happen over the weekend to think about before jumping in long.
Maybe Obama does nothing because they simply are not ready yet, and congress has their bitching to do still, yada yada but..
England does do something this weekend and does nationalize. Where would that leave us come Monday?
Not good![]()
Quote from Illum:
Well one more thing "could' happen over the weekend to think about before jumping in long.
Maybe Obama does nothing because they simply are not ready yet, and congress has their bitching to do still, yada yada but..
England does do something this weekend and does nationalize. Where would that leave us come Monday?
Not good
Edit-- also this, which has been mentioned before and he has in his article
"There is even speculation that the National âBad Bankâ of the USA will be brought to life to buy up distressed assets from the balance sheets of the nationâs most important banks. However, the latter would likely require much deeper pockets than most thinkâ¦and I only track the residential side! Additionally, a bad bank buying distressed assets at âfair valueâ as Sheila Bair said this week could do serious damage to the very distressed asset prices that they are buying and hit hard already battered balance sheets."
This is not so welcome to those who do not want to price this trash. A price will be set when this occurs.
I realize my bearishness is coming through, and the market may lift. C certainly did last bailout round, I have to acknowledge that. It was a strong move up.
Quote from Clubber Lang:
Does it bother anyone esle that over the last year so many incredible trading events have been announced over the weekend?
Why won't those assholes in the government announce stuff during the day so we can trade it?
Who the hell wants to go home with positions over the weekend anymore? Could get steamrolled by a 300 point gap.
Might as well just go to the roulette table and bet red or black.