May 06, 2009 –
Doesn't this rally seem irrational? BAC rallies on news that it will need 36 billion dollars? The truth is you are seeing a complete obliteration of the shorts. [more]
April 22, 2009 –
On "More Taxes? Yes Please!" TMFDiogones suggests we need to impose a 60% tax on speculators to avoid volatility problems and give stability to our financial system. [more]
March 11, 2009 –
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RELATED TICKERS: JPM
Yesterday Citi's CEO said they were profitable during January and February. That sparked a major rally in the markets. The rally was so awesome that BAC's CEO and JPM's CEO didn't waste any time and they too said the same thing. [more]
February 23, 2009 –
It makes me so angry. I hear this line all the time: "millions of families with kids are being thrown on the streets because they can't pay their mortgage and are being foreclosed upon". If you are against bailouts you have probably felt bad or have felt guilty about families being thrown on the street. Why wouldn't you if our government uses statements like this to get what they want? Personally when I hear this I get angry. [more]
February 12, 2009 –
I was watching CNBC and they had a Floor Trader discussing how the market was selling off because Geithner's plan lacked details and punch. He suggested that if Geithner did not provide something of more substance, the market was going to keep going down into the close and reach the November lows. [more]