Stress Test Leak: BAC Needs $34 Billion In Capital
- Thread starter MrDODGE
- Start date
That's funny... I had a buddy whose "weewee had a much "greater" diameter than it had length. And he would whip it out for just the asking.
And chicks seemed to love it.
And chicks seemed to love it.
Quote from ElCubano:
maybe his torso can handle the girth..
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.
What Econometrics do you watch?
Jobs and wages, mainly.
If people don't have jobs, they can't buy shit if it's offered at 0% financing for 10 years, same as cash.
If people see their wages and benefits slashed dramatically, and are worried about keeping their jobs, they buy used Hyundai Excels, and no more shiny new BMW 3 Series.
It is my opinion that these two metrics are without question 90% of the puzzle that will tell us what the economy going forward will resemble - this is because unlike past downturns, where employees were laid off only to return to the same position when the cycle kicked back up (think factory workers who were given pink slips in the early 80s or early 90s, when sales of durable goods and autos slowed), or who had their wages cut only to see reinstatement of wage gains when the cycle kicked back up, Volcker has it absolutely correct in that jobs can't be deemed the kind of lagging indicator they once were.
We've lost 13 million jobs, and between 4 and 5.5 million of those have been to overseas, were of a high wage nature, and will never return.
This is not your father's or grandfather's economic downturn.
There will be no robust job growth whenever we hit bottom.
Whatever job growth there will be will be anemic with weak wages.
Of course that's not all is it? I know you gots lots a more.
The ADP Report.
http://www.bloomberg.com/markets/ecalendar/index.html
Unemployment claims seem to be waning.
The ADP Report.
http://www.bloomberg.com/markets/ecalendar/index.html
Unemployment claims seem to be waning.
I don't trust ADP as far as I can throw it, and you shouldn't either.
I've said this whether they've had benign or dramatic (bearish or bullish) reports in the past, every time.
This is shaping up to be a very dynamic week.
Look for surprises around every corner today, tomorrow and Friday.
A lot of leaking going on, and the bankistas may be in far worse trouble than anyone realizes.
How are you gonna feel when aaaallllllll that stuff lines up exactly as you wish for you to actually take the shot?
The inflection point you seek will, at that point, be long gone and someone like me will have already grabbed it (taken the shot).
Do you not see this?
The inflection point you seek will, at that point, be long gone and someone like me will have already grabbed it (taken the shot).
Do you not see this?