Stress Test Leak: BAC Needs $34 Billion In Capital

Quote from Dr. Zhivodka:

Rude crude and Gold and Metals going much higher....But of course this is a "depression." The likes of which ye have never seen.!!!
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I've never said this is 'a depression the likes of which we've never seen.'

I've said it's bad and going to get much worse.

And your ebullience is based on the move up from the March 09 lows, and a rally today in commodities and metals?

You need to seriously temper your Kudlow-esque mania, for your own good.

If we're 15% lower in a month or two from here, I'm sure today or tomorrow will be the day that you bailed.

It's all good. You and stock_tr3r, up in a tree...
 
Sellhy: ""Holy fuck " BAC needs 20 trillion in Captial from Tim Geithners front pocket.""

Market up 300.

You have know NO clue on how read markets. None!
 
I remember thinking that Pabst was always a little hard on you due all of your nonsensical-Juvenillia. LOL.

I had it all wrong. He was right.
 
BTW: just so you're not squealing about it sometime in future.

I'm out from my March Swing trade on the close of today. I'm long TBT of course, and will stay that way for maybe the next 15 years.
 
Quote from Dr. Zhivodka:

I remember thinking that Pabst was always a little hard on you due all of your nonsensical-Juvenillia. LOL.

I had it all wrong. He was right.
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Blah, bleh.

Even Pabst agrees with me that Obamanomics can't save us from the shit storm that's coming (rather, Obamanomics will exacerbate the shitstorm).

Like I repeatedly said, if you're that rarest of species, a consistently profitable trader, you'll know when to duck, roll and run for cover, or you will feel some immense pain.

That much I am positive of.

There is no cure for what ails us (debt and more debt, in amounts that are staggering) except a crash - sort of like a wildfire that grows out of control because conservationists resisted clearing out the scrub and deadwood for years and years.

Some say '09 or '10 will be the great popping of the 25 year bull market. I wonder what that will look like if they're right.

Go ahead and mind your trades, now, since you're such a pro, ya' hear.


Quote from Dr. Zhivodka:

BTW: just so you're not squealing about it sometime in future.

I'm out from my March Swing trade on the close of today. I'm long TBT of course, and will stay that way for maybe the next 15 years.
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Well, thank you for that heads up.
 
Quote from ByLoSellHi:

Just equities, whether long or compiled trading (intraday or otherwise).

You know that I am not going to doubt what you claim.

I am comfortably in nearly 100% cash, aside from what I have in RE holdings, which is significant, and income producing for the most part, and I have no regret at all that I missed almost all of this rally, wouldn't even dip a toe in the market right now, and absolutely believe we're likely to see an incredible retracement very soon that is likely to crush anyone who overstays there welcome even by a day or week.

The CNBC party hats along with a few other symbolic annoyances are the least of the substantial reasons I believe this, as you know I am all about economic fundamentals, and they really suck and are sucking worse.
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The market priced in TODAY'S economic environment back in November. The market is currently pricing in the economic environment in Novemember-December 2009, which I believe will be better than it is now.
 
We live in a better than expected world.

And you gotta love it if you're long, but I beg you to take profits, you'll be nuts not to...
 
Quote from Eko_Trader:

We live in a better than expected world.

And you gotta love it if you're long, but I beg you to take profits, you'll be nuts not to...
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Agreed. Profit taking is essential right here. Surely there will be a pull back at some point, but I am still biased long for now.
 
Quote from ElCubano:

They better start soon...the further away it gets the more chance it has to go higher. Keep a close eye on the last 30 minutes for today...
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stay tuned.
 
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