Does it bother anyone esle that over the last year so many incredible trading events have been announced over the weekend? Why won't those assholes in the government announce stuff during the day so we can trade it? Who the hell wants to go home with positions over the weekend anymore? Could get steamrolled by a 300 point gap. Might as well just go to the roulette table and bet red or black.
If he nationalizes the banks we may rally like hell with a OMFG drop soon after. How f*cking dumb this government can get along with the now becoming majority of slackers that just wants a Gennie carpet ride through life amazes me! HOPE! Hope is complete and utter BULLSHIT! When sheet hits the fan, just know that those reaped what they sowed. Just remember this, the harder the innovators work the more they pay. At what point do you kill there innovation and drag them into the do nothing set-up we are heading towards? Then who pays? No One! Tell me why I should try to innovate and make things better when the GOV is running towards giving me an easy life, by paying for my medical, UE (Unemployment) and any other issues I may come across. OH WOE IS ME! Welcome to the Pussification Nation! The day I have to not be accountable for my own actions and make others pay is nothing less than despicable. As much as I would love to socially/personally gain from my own stupidity and poor decisions, It is no ones responsibility but my own for the decisions I make. To our Fore Fathers, I greatly apologize for the lives that they have given for our freedom and how we have squandered it, due to our majority of selflessness. If there is a GOD, may he bless or soul's!!!
a nationalization might be a good thing. we have already in place something called banker's socialism. It's been 96 years stealing.
Well one more thing "could' happen over the weekend to think about before jumping in long. Maybe Obama does nothing because they simply are not ready yet, and congress has their bitching to do still, yada yada but.. England does do something this weekend and does nationalize. Where would that leave us come Monday? Not good Edit-- also this, which has been mentioned before and he has in his article "There is even speculation that the National âBad Bankâ of the USA will be brought to life to buy up distressed assets from the balance sheets of the nationâs most important banks. However, the latter would likely require much deeper pockets than most thinkâ¦and I only track the residential side! Additionally, a bad bank buying distressed assets at âfair valueâ as Sheila Bair said this week could do serious damage to the very distressed asset prices that they are buying and hit hard already battered balance sheets." This is not so welcome to those who do not want to price this trash. A price will be set when this occurs. I realize my bearishness is coming through, and the market may lift. C certainly did last bailout round, I have to acknowledge that. It was a strong move up.
That is very plausable, I just hope we don't follow their lead! We need to get off this sh*t of well this country did it BS! Its as if were slowly competing on how to Socialize everything because some other dumb ass country does it!
They aren't even voting on Geithner until Monday. Would they actually do something of this magnitude without him officially confirmed?
Simple solution. Buy some SPX puts tomorrow as insurance. You can sleep good over the weekend, and sell them on Monday if the world doesn't end. Options are beautiful.