EOM...
Ever notice that these bank failures are always announced on a Friday afternoon after the market close in order to maximize the amount of time between the announcement and when stocks can trade?
I suppose the reason for this is that it gives Obama's economic team the whole weekend to hit the business talk shows and pass out cups of grape koolaide and repeating the mantra that everything is ok and the recovery is just around the corner.
Do you think it is just a coincidence that 6 were announced right at the start of a long 3 day holiday weekend?
make that 7...
Here is another link to show the 6 bank closings TODAY ONLY.
http://www.fdic.gov/bank/individual/failed/banklist.html
Damm that is serious stuff man.
How did FAZ even get to $4.50 in the first place?
This stock is headed back to $10 and FAST!
govt intervention
Happy 4th of July!
damn I feel good! isnt life great!
so sad...
those are green shoots!!!!!!!!!!! for us....
Green shoots for us and "poison ivy" for the financial bulls.