Sat, May 25, 2013, 12:38 PM EDT - U.S. Markets closed
...to support any upward momentum in banking stocks. The only direction remaining is down. FAZ will do fine tomorrow.
1. FASB decides not to reinstate some form of mark to market2. FASB decides not to force banks to place OBS crap back on the balance sheet3. More bogus upgrades4. More "better than expected" BS
how long have we been saying that now???
Uhhhmm..'bout fitty days!I still have my bag from 25 July!!
extreme irrational market...it has overshot to the upside badly, but then take into account the feds and what they are doing to save face, along with all the other owners of the federal reserve. http://land.netonecom.net/tlp/ref/federal_reserve.shtml
Nostalgia...definitely a valid point. But doesn't this bear market rally have a feel of getting long in the tooth?
Infinite bank upgrades.
Maybe...but upgrades will be perceived as based on nothing more than "hope". Growing unaccounted toxic holdings will remain a worry.