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Gossamer girdles


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Posted

Slightly less fervour today: Kiwis and Aussies +0.6%, Nikkers +1% and Sth Korea +1.1%.

 

In Aussie sectors, Energy +1.7% is at the top ranging down to Gold -0.2%.

 

 

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t?s=%5EAORD

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Posted

w?s=%5EAORD

 

 

All a bit muddly today: All Ords closed +0.2% with little movement in the sectors. Energy +0.8% led the greens followed by IT +0.6% and Telecomms -0.3% was at the other end.

 

Over in Asia, Honkers -0.5% is the only downer with China +1.8%, India +0.2% and Nikkers +0.3%.

 

 

On to UK/Europe:

 

 

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Posted

Seems to me BAC should be filing for BK in the next 6-12 months

 

...and the equity will be worth exactly ZERO

 

Recent headline executive removals are nonsense...they wanted to leave, but BAC didn't want to have it look like the rats were fleeing the ship, so they painted it as "restructure"

 

Anyone and everyone that thinks they may have a claim are filing suit NOW...then they can be a creditor and get in line once BK is announced....filing lawsuit after BK -- not a good idea

 

Merrilly Lynched will be spun out from BK and live again....unencumberd by all the shit they wrote and the BAC anchorapotamous...and thrive again, selling shit to shitheads

 

Countryfried will be liquidated via BK and the creditiors will receive bupkiss

 

BAC will reemerge again as just a bank, recapitalized, and live happily ever after

 

As for the publicly traded preferred and the debt -- haircuts all around -- good luck with that

___________

 

In the end, pushing CountryFried and Merrill onto BAC by the Fed accomplished exactly what was planned -- it bought time

Posted

I done dooded my firstest chart here.

 

Hope you like it.

 

 

gmcr_2_top.png

 

 

Looks bullish to me.

 

Looks like you attended the Your Jickiss School of Charting. :lol:

 

One day he was here, and then he was gone. I suspect he may have gone to the great Charting Room In The Sky, maybe up there sitting in a fat leather chair in the smoking room enjoying a cigar with LeeWhee as they watch the ticker tape scroll by above the quote board, the quiet clicking of the changing prices and the news teletype, and the old guys tapping on their Bunker Ramos in the background.

Posted

G'mornin. I am still short, rode out the rally yesterday. On the SPX futures chart, the rally uptrend broke and successfully retested last night. Looks to me like a right shoulder is being painted - if so, it implies a target of about SPX=1040, give or take a bit.

post-647-13154872227795.gif

Posted

also....putting BAC through a traditional BK would roil the sector and cause untold havoc

 

How they are going to do this is beyond me

 

Maybe some sort of new "BK on the Fly" never-been-done-be-fo legal gymnastics

 

WhoTFK's

Posted

G'mornin. I am still short, rode out the rally yesterday.

i am always amazed at sheeple that think something has changed just cause shlocks went up a couple hundred dowager points of light

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