Bouncing Banks: How $11B of Losses Is 'Good News' on Wall St.

Capitulation has a long ways to go...typical bear trap.

more bs from the same suits that are now just blow more smoke our behinds !!! wake up americans we are trillions in debt ...our grand children kids will still be paying off the national debt . 3rd world meet your new member !

The financials are bouncing because the fast money has been exiting crude...adding fuel (pardon the pun) to this rather lame rally. The media NEVER tells you about "program" trading because the exchanges make way too much money off these guys...and saying so is bad for advertising business. How else does the market rally over 100 points in the last 1/2 hour of trading? This goes on all the time with maybe a dozen huge players moving things around...and nothing has changed in 100 years volatility-wise..only the players are different! Read history...Jesse Livermore..J.P. Morgan..and all the other specs from years past. And these guys were giants compared to some of the players today! HUMAN NATURE DICTATES MARKET PSYCHOLOGY...it always has....and it always will!

Gotta love the "new" world we live in. 40 is the new 20. White is the new black. Up is the new down. Bad is the new good. Losses are the new profits. Bear is the new bull. Socialism is the new Capitalism. Insanity is the new Common Sense.

just buy gold

trying to work on my computer is hard

Wachovia will come back down when analysts realize they have more bad news to come.

Wachovia has completely dismantled the Commmercial Mortgage Back Securities departments and reassigned or layed off everyone. This was a major revenue stream for them for the last 4 years prior to August 2007. YOY financial comparisons are going to be dismal going forward. Especially the 9/30/08 financials, because last August is when their CMBS department came to an abrupt halt. Deals wound down through the beginning of September and then the departments went silent. BAC had the exact same thing happen in their CMBS department and it's not done one deal since last August either. It was an eerie thing to watch a Multi-Billion dollar sector of the financial sector completely disappear. But Bernanke & Paulson continue to say that everythings fine & dandy (NOT). As long as housing prices (which we'll see tomorrow) continue to fall the bank's mortgage write-down will continue to climb out of control. If interest rates are raised to combat inflation then it will get worse. When you finally see the national average home price stop dropping then your at the bottom of the housing recession. this will definitely not happen in 2008, so the year end numbers for the banks will reflect staggering losses when they're released in Jan 2009.

This is when you see that humans have made speech meaningless. This is hysterical madness...anyone should be able to see that... Sure, you can put spin on it...as always, but 2+2 WILL NEVER EQUAL 5. All they give us is some little space to vent...while they go out an spread this BS Propaganda. We are all screwed...our families, our country and our children.

This is when you see that humans have made speech meaningless. This is hysterical madness...anyone should be able to see that... Sure, you can put spin on it...as always, but 2+2 WILL NEVER EQUAL 5. All they give us is some little space to vent...while they go out an spread this BS Propaganda. We are all screwed...our families, our country and our children.

Same old smoke and mirrors. How do these people sleep at night.??? Are they devoid of all conscience or just that STUPID!!

http://blackflaginvesting.blogspot.com/

Yeah!!

Mary Poppins in da house!!

please some body tell the truth about the debcale in banking systom.

Market bull using government tripple action, bail out FNM

Hedge funds rule the new world...

Hope they can keep the ball rolling. Some folks will get dragged into the street if it all falls...quite literally.

GET RID OF THTA PUNK CROOK BLODGET! I THOUGHT HE WAS IN JAIL!

Just wait - this is only going to get worse. Banks can't sell the houses they've foreclosed on and they've screwed so many people with the interest-only ARMs, reverse amortized mortgages and the like.