http://www.investors.com/idealbb/files/pattern.JPG
banks paying high interest to get money they NEED!
"The markets are now at a level where they
meet the most resistance both timewise and pricewise. It's pretty much
do or die right here. So if the bulls have any case at all, this is
where you want them to show cahoonas. Don't listen to medias, yes,
short interest is high and this could be a bullish contraindicator but
you also have to keep in mind that the ISE index is also at it's
highest.
The retail investor is being lured in by the big ones. We saw what
happened yesterday afternoon, the hot money stopped supporting the
markets and the bid completely dissapeared and then came the water
fall. This is a flag guys, no bid = waterfall type sell off.
Or perhaps someone was forced to liquidate to meet margin
requirements and there was no taker. Either way, that's where this
leads."
"... banks stopped lending to each other long
ago, that is one of the major problems, they don't know who to trust and
which one can go down tomorrow and be dragged with it. The money borrowed comes
from the TAF, they are paying these rates because there is no other
way for them (borrowers) to get the money elsewhere. In return, Ben is
now accepting and contaminating the fed's balance sheet with credit
card debts, auto loans and student loans as colateral for the money he
loans to the banks. Money drawn by the fed, comes from treasury and
treasury gets it's money from every tax payers.
Ben overstepped his boundaries when he allowed JP to take over BS
by lending them money coming from treasury. They will say they had to
do it in order to prevent an iminent collapse of BS and prevent the
real possibility of dragging the rest of the economy down with it. What
Ben and the rest of the gang did was against the law and it is clearly
stated in the constitution (somewhere on the forum).
That is your tax money at work, right here. Bailing out investment
banks and the thieves who run them, fully aware that by selling
mortgage backed securities that were fraudulently acquired via no-doc
and liar loans was illegal, did it anyway knowing all too well that
they could get away with it.
This has to stop now."
has cnbc been mentioning that up days like today are on low volume??? because... they have been! the rally is still highly questionable as mentioned this morning, although some say yes and some say no, we will find out soon enough which way this market wants to be headed.