If Bove is right on Interest Rates then BAC is going to $12.00
down over 20 points today. The SEC needs to lock these criminals up.
DOJ is slowing down deal completion.
They will be the first again.
This could go 50% easy.
Knight has a 99% larger book then VIRT! how this got priced so high is basically fraud in my mind.
for this! That's my opinion but the said truth!
If you don't think so you been lied to.
Antitrust tough to get thru.
THEY BETTER START THE PRESSES.
Note this deal has received a formal second request from the US Department of Justice on February 10. This means that the antitrust authorities have identified areas of concern, and the negotiation period will take some time. Hal with its run up in price may be better off in paying the $3.5 Billion and walking away here!
If the federal reserves money is being used to manipulate bond and currency markets time to stop the flow of easy money. Very little of the money went to consumer mortgages.!
Far from done here.
The worst thing that can happen in the next month would be for OIL to rise. I'm 100% sure if OIL goes up any further this deal will not make it past Anti-Trust in congress who are already getting noise from the unions on the 100,000 jobs lost. Now if you get a bunch of consumer letters to congress about how oil can be rising when inventories are at record levels, you can be 100% this will hit a snug.
How the Federal Reserve can not be alarmed on how JPM, C, GS, BAC, and MS are making profits by trading huge blocks of currencies and bonds is alarming to me and should e to the entire country. The Federal Reserve needs a full point interest rate hike net week to surprise the markets and pull back some of this liquidity that these banks seem to be trading with! This is a bad game and it will end ugly.
just n fyi
Don't be foolish here. It was better when Hal had no cash back in December. Now they have enough to actually pay the break down fee.