Banks are going to down hard (ZZ)

发财小胖

All bank stocks will be down on Monday pretty hard for the following reasons:

(1) Three banks and two largest credit unions were just taken over by FDIC.
Nationalization has come back. A Swedish expert is now in Washington and we
know why he is here.

(2) Obama's administration is seeking increase in oversight of executive pay
at all banks, wall street firms and possibly other companies! The market
will react extremely negatively to this call.

http://www.nytimes.com/2009/03/2 ... te.html?_r=1&hp

(3) Initial reaction for Geithner's plan is not very warm. The biggest
concern is the participation of private investors. If people are even afraid
to accept low interest loan to invest in AAA grade debts, who are in their
right mind to invest in toxic assets?

(4) Washington Mutual is suing FDIC. Potential liability of JPM is
unknown. JPM will take a hit for sure.

(5) There is a chance that Geither's announcement will be further delayed on
Monday. It is definitely not positive when Obama is now saying Geither's
job is
secure. It just creates further doubts.

(6) SPX will test 750-758 in the very near future. If indeed we are in Wave
5
correction, we may go way below 660. These charts may help you

http://stockcharts.com/def/servl ... rvlet?obj=ID3271030

farshine

sofa

qiangge

但愿如此

边干边学

thanks,

actually BULL should be happy if we see sharp drop in the coming week, this will confirm the mid-term bottom, and everyone will then agree with a mid-term rally

风清扬

发财小胖

thanks,

actually BULL should be happy if we see sharp drop in the coming week, this will confirm the mid-term bottom, and everyone will then agree with a mid-term rally
边干边学 发表于 2009-3-22 19:10

难道bears不希望看到这个？

tog

thanks a lot for the analysis. good points.

maplayer

FAZ is going to 140. Good for HTier

Maxie

The reasoning is quite weak.

Lionking

It has been in many HTer's wish list..

coexist

谢谢分享

sniffer

Thanks for the exciting analysis! Super good! Thanks again

lovehutong9

Thanks.
Obama Says Risks Still Haunt US Financial System
Wall Street & Main Street       

The U.S. financial system still faces risks requiring government intervention to avoid a more destructive recession, President Barack Obama said.

====but, future is high now.One guy issaying FAZ go to 30...

raise3

140？ When? This year?

FAZ is going to 140. Good for HTier
maplayer 发表于 2009-3-22 21:11

CoolMax

大泡泡

looks like that way. 明天买入FAZ， 加入HTer的行列。。。

hobohobo

:

zidane11064

kec

good point, thanks

keepbuying

我的天，这是胡同高手的预测么？ 上周就算是三岁孩童都知道23号要大涨的。