"Manageable Losses"?

The Provocateur ^ | 05/05/2009 | Mike Volpe

[fiscon1]

The financial world seems upside down to me. On the day it was leaked that Wells Fargo, Citigroup, and Bank of America had failed their stress tests each of their stocks was up. The market was up nearly three percent. That day, the leak said that six banks had failed their stress tests. Today, that number rose to ten and the market was down just slightly.

[dajeeps]

It’s ‘too big to fail’ crowding out more worthy investments.

[Zeddicus]

Bubbles never seem to make much sense when viewed from the inside during inflation. You know something seems not quite right, but can't quite put your finger on it.

I saw this happening during the ridiculous real estate bubble runup. I knew it just seemed impossible for values to have been doing what they were, but there it was.

Then it went *poof*, and it all made sense.

Folks, it's happening again. The government has stolen from us and our children to reinflate the bubble and prop-up the stock market. Why? Because DOW = consumer confidence. If consumer confidence increases, even momentarily, people go back to sleep.

There is nothing underneath it to support it, just as there was nothing under the real estate bubble of the past decade. It's gonna pop, soon, and it will be ugly

[Stayfree]

Huge market manipulation going on:
Example: Wynn Resorts misses by $0.29, reports revs in-line Reports Q1 (Mar) loss of $0.27 per share, $0.29 worse than the First Call consensus of $0.02; revenues fell 5.0% year/year to $740 mln vs the $742.6 mln consensus. Co reports Table games win percentage of 17.7% was below the property's expected range of 21% to 24% and the 19.9% in the first quarter of 2008...stock goes up 17% or over $7. Nuts!
Example: Dow Chemical 1st quarter net income drops 58% and the stock jumps 35%
NOT REAL, WATCHOUT!!!

[Stayfree]

Note Bernanke’s caveat yesterday, when he warned that a relapse in the banking system could stall economic recovery for a time!

[Stayfree]

More than 85% of the gainers on WSJ’s website are stocks under $10 which means that the public has moved into the market as usual at the top, watch for a move downward very soon!

[PreciousLiberty]

“the public has moved into the market as usual at the top, watch for a move downward very soon!”

I believe they’re called “bag holders”. ;-)

[Stayfree]

Also known as the end-game of the bigger fool theory...

[Stayfree]

Also known as the end-game of the bigger fool theory...

[N. Theknow]

Guess investors figure “How can you go wrong on a stock that is backed by the Federal Government?”

[N. Theknow]

Folks, it's happening again. The government has stolen from us and our children to reinflate the bubble and prop-up the stock market. Why? Because DOW = consumer confidence. If consumer confidence increases, even momentarily, people go back to sleep.

We've gone from the "dot-com" bubble to the "O-bomb" bubble.