with MtM rule in place banks can report all the earnings they want , this week all banks are profitable , they are able to report all the profits they want, maybe i 'll see FAZ next week , this week is bullish
Somehow, I think this will only help GS and the financials. Under normal market circumstances, yes, a dilution like this with a suspicious explanation would be viewed as negative and would take GS, and likely other financials, down. However, the market is shrugging off everything potentially negative right now and charging up. It will take something absolutely shocking to change sentiment and bring some rationality back to the market, and it will happen, but until then, onward and upward for the bulls.
Careful of GS, they own our Government. They shorted the market while they said there was no problem with the sub primes', Paulson made three and a half billion and got promoted to Secretary of the Treasury. Here's the rumor for next week:
The earnings are important and they will be come out on Tuesday. I asume the earnings will be positive that they want to take these steps, which are GOOD for GS (not bad)...
You will see next week will be another bad week for FAZ.
still not to late to get out of faz, jump to fas for a little recovery of losses, then back to faz. i think the market will be green for monday, and probably the rest of the week. once all the b@llsh!t and lies are out, then maybe some truth, and real numbers.
and how exactly does this "help" faz?
the market will concentrate on the positive news of gs becoming independent again... if it wants to hush the negative repercussions it could easily do this.
the timing of the leak - as well as the wf profits - is all a calculated tactical play that will make buffet much much richer... and the rest of us faz losers poorer.
still feeling crappy... :=(