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Direxion Daily Financial Bull 3X Shares Message Board

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  • WonderPick98 WonderPick98 May 2, 2009 5:12 PM Flag

    Why Delay Stress Results?

    Which only means the current result is worst than expected... But will be better than expected by the time they release report. Geez... Why bother with the stress test?

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    • Or it could be that the government is actually and seriously considering the banks' arguments. Which means the results may be far better.

      Let us be honest here -- you probably saw comments from "experts" who say banks will need trillions as well as those who say the banks won't need any. So, who knows.

      -----------

      As for your last comment, I agree. The stress test has been one gigantic stupidity test.

      • 1 Reply to dave_harritysnyder
      • But one thing is for sure--there is gonna be dilution. Whether converting preferred into common or issuing more common, they're going to crowd out the current stockholders.

        Another point is that they have steadily leaked worse statements. First it was at least one bank needing to raise capital. Then it became two. Now Six. Another leak said 16.

        Not that the leaks are meaningful but DILUTION is coming.

 
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