April 02, 2009
– Comments (6)
Please don't tell me that the FAS rule change was all baked in already.
Market has soared 500 points in just 3 days to over 8,000 on the DJIA now if we can get past tomorrow's deadly unemployment number we will have clear sailing ahead.
I can't believe it, I thought FAS would be up 50% on today's news of FAS rule changes, instead its struggling to stay green presently.
What a shocker...
can someone post a link on the rule changes?
I've done better shorting FAZ. My thoughts are that it is very vulnerable in this environment and could liquidate within the year
Motley you may be right in the longterm,. but short-term I believe if any banks miss they will be completely crushed because so many have risen 50%-100%, there won't be any sympathy for banks that miss estimates this time around after those huge gains.
The market has set-up the bank sector for another big crash.
"sell the news"... I got hosed on my FAS positions today, too.. Took 4 hours to stop me out.. Bastards, thought this one would have some legs.