WTF - Fortis, RBC, Barclays, GS - all calling for a FINANCIAL MELTDOWN!!!!

stevegee58 · Jun 28, 2008

Hey, if it's really the rapture, can I have your car?

niceneasy · Jun 28, 2008

GS just downgraded GM recently (trading around 12$). Thats how smart GS is.

PAPA ROACH · Jun 28, 2008

Quote from monty21:

Maybe the Rapture is coming Damn Evangelicals

Ahhh, Rapture.....

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Trendytrader · Jun 28, 2008

Blondie ....she was cool.

gwac · Jun 28, 2008

My point exactly, where were they at 90 or even at 30. Brokers and banks are johnny come lately to the party.

They have no clue, do the opposite and become rich.

Quote from niceneasy:

GS just downgraded GM recently (trading around 12$). Thats how smart GS is.

gwac · Jun 28, 2008

When these clowns say there is going to be a financial meltdown, start buying the good stuff in the sector.

Quote from gwac:

phoenix3 · Jun 28, 2008

Quote from niceneasy:

GS just downgraded GM recently (trading around 12$). Thats how smart GS is.

Barron's had a cover story on GM several weeks with a strong buy rec at 18. Who to believe, who to believe. ROTFLMAO.

chewbacca · Jun 28, 2008

what fuking incentive do large established and well connected financial firms like the one's i've mentioned have in spreading such "sky is falling" type panic.........that's the type of shit that bank runs are made up - just look at BSC - BANKRUPT IN HOURS DUE TO RUMORS THAT LED TO A BANK RUN ......... since its all about perception...........if anything, they all should be saying everything is just roses right now

something just doesn't seem right....it doesn't add up

gwac · Jun 28, 2008

The problem with the big 3 is oil. They make money from their gas guzzlers so when they do not sell, they are in trouble.

I personally do not see oil coming off yet so i think gm/chry and ford are in serious trouble.

If you think oil is coming off to below 90, gm is a great buy here.

Quote from phoenix3:

Barron's had a cover story on GM several weeks with a strong buy rec at 18. Who to believe, who to believe. ROTFLMAO.

gwac · Jun 28, 2008

I wonder which way their trading books are positioned? Nothing more than a question!

Quote from chewbacca:

what fuking incentive do large established and well connected financial firms like the one's i've mentioned have in spreading such "sky is falling" type panic.........that's the type of shit that bank runs are made up - just look at BSC - BANKRUPT IN HOURS DUE TO RUMORS THAT LED TO A BANK RUN ......... since its all about perception...........if anything, they all should be saying everything is just roses right now

something just doesn't seem right....it doesn't add up