BLOODSHED ON WALLSTREET AFTERMATH OF FEB 2009
New mark to market laws come into effect
Ever hear of the new laws passed by the SEC concerning accounting and "mark to MArket"
a lot of the loses by the big banks in the last 1.5 years can be blamed on the "Old mark to market rule"
forcing banks to devalue their assets to 0 writing off trillions in asset values,The new "MARK TO MARKET" law just passed, now the big banks will have to write up those asset values, which of course will be a big surprise to everyone, when the said BANKS annouce earnings from write ups in the future.
watch my video on youtube
DOW JONES 30 HISTORIC QUINTILE(x5) LONG TERM TREND BOTTOM
this video was published on FEB 25 2009
everybody thought the dow was going to 3500
watch the video you will be impressed
Read all the comments for that video "DOW JONES 30 HISTORIC QUINTILE(x5) LONG TERM TREND BOTTOM"as first coined buy camaroda64 on Feb 21 2009
You will see that I recommended going all in the DOW 30 3 weeks ago
"The dow 30 closed today up $149 on a modest rally , The SKF also gained but closed off the highs today an anomaly on wallstreet. It is obvious more bank failures will happen here, adding investment demand pressure to gold and firm demand from Bank Of China. If the "mark to markrt rule is suspened then assets wvalues will rise quickly, not sure when this law will take effect give the USA goverment time"camarodan64 March 3 2009
" SKF is now up to $237 with the dow selling off 225 points at 6665" still looking for a bottom at that point
"The vix index is now is spiking around 50 indicating a buying opp. is present... The weak rally yesterday foretold todays sell off and it shows how much idiot reporters are spooking investors creating these sell offs, the vix may indeed spike above 50 soon"camarodan64 March 4 2009
"dow down today and the SKF is up again"camarodan64 March 5 2009
"short opp in skf and buy opp dow ddm ultraproshares"camarodan64 March 6 2009
"SKF DOWN BIG NEAR OPEN 9.35 AM"camardan64 March 9 2009"strong rally in DOW 30 under way at 9:53 am up 187points" also on March 9 2009 by camarodan64
You will see i recommended short SKF at $270 a share 3 weeks ago, and the SKF recently traded around $90 for 3--4 days straight just read all the comments, let me know "