So let me get this right, banks need more money, Gm not paying back TARP funds, GMAC needs more funds BUT we are going higher. I have see this before telling you this they are sucking in the retailers so they will be left holding the bag once again.
Remember 1040/1054 was my level for this rally to go.
Wednesday, May 6, 2009
Wells Fargo- needs more
Wells Fargo needs $15 billion more based on the stress test. FOLKS the banks drama is not over
WILD before Open
Well what else is new. This is one CRAZY market, last night we were getting killed on the futures now we are up huge because the ADP report wasn't as bad as expected.
Geez I have no idea what is going on with all this wild movement. Then there is the BAC news that seem to be misleading in exactly what is needed. We wont know the true story til tomorrow.
Geez I have no idea what is going on with all this wild movement. Then there is the BAC news that seem to be misleading in exactly what is needed. We wont know the true story til tomorrow.
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