Pretty clear hint today that SKF gonna trade near 200 again in a few months
http://online.wsj.com/article/SB121977767814673649.html?mod=hpp_us_whats_news
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"Federal Deposit Insurance Corp. Chairman Sheila Bair said Tuesday her agency might have to borrow money from the Treasury Department to see it through an expected wave of bank failures."
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Small bank failures such as last wks will take a long time to draw on FDIC reserves, but bigger fish such as WM, NCC, WB will require borrowing from the treasury, why prepare to borrow unless there is a good chance its going to happen
**Disclosure**
I already own SKF and may add more soon
http://online.wsj.com/article/SB121977767814673649.html?mod=hpp_us_whats_news
--------------------
"Federal Deposit Insurance Corp. Chairman Sheila Bair said Tuesday her agency might have to borrow money from the Treasury Department to see it through an expected wave of bank failures."
--------------------
Small bank failures such as last wks will take a long time to draw on FDIC reserves, but bigger fish such as WM, NCC, WB will require borrowing from the treasury, why prepare to borrow unless there is a good chance its going to happen
**Disclosure**
I already own SKF and may add more soon