Posted on 05/30/2010 6:30:34 AM PDT by blam
Citi: Now It's Truly Panic Time
Vincent Fernando, CFA
May 29, 2010, 11:09 AM
Tobias Levkovich has been highlighting for some time now that Citi's sentiment indicators have been diving. Previously one of two, their 'Cyclical Expectations Model' (CEM) showed the market getting oversold. Now, their second sentiment model, the 'Panic/Euphoria Model', which uses a different methodology, is confirming the sentiment crash shown by the CEM.
As Mr. Levkovich said, 'Sentiment drops into panic, convincingly':
Here's the CEM, which lead the PE model above.
[snip]
(Excerpt) Read more at businessinsider.com ...
US banks are much better capiralized than European or Asian banks now.
But that is not to say that they could not backslide into financial policies such as lax lending standards that got them into trouble in the first place.
Right now the European economy at best is stagnant, held down by their socialistic, near communistic financial and economic policies. The Euro is getting wiped out and may collapse altogether under such policies unless the countries involved take some very very hard steps in the near future.
It is far too easy to blame the banks when in fact it is their respective governments and their government’s policies that are too blame. Basically this massive European economic problem has been caused by the politicians that have for decades allowed their government spending to lose all control.
Its the DERIVATIVES!
You misspelled. It's 'capirarized' for the Asian banks. ;^)
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