The Dow tomorrow: Predictions?

#304
#304
The central bankers in Europe met and believe the recession will be over in 2010. Expect a bad year on wall street this year. I'm curious what everyone thinks the low will be this year....
 
#306
#306
Should be a interesting day with JPM, AAPL, jobless claims and the PPI. Oh and BAC...*sigh*
 
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#308
#308
But Bair and Paulson's comments today should help. They've finally gotten back around to the stuff that I thought the initial TARP funds were to utilized for. Looks like the $350 billion plus could actually be used as a toxic debt aggregator, cleaning up balance sheets, inviting investors back in and freeing up the capital markets to the economy again.

How we got off that path I'm not certain, but thank goodness we're back on it. This thing will now play out more like the RTC of LTCM days.
 
#309
#309
BigPapaVol said:
But Bair and Paulson's comments today should help. They've finally gotten back around to the stuff that I thought the initial TARP funds were to utilized for. Looks like the $350 billion plus could actually be used as a toxic debt aggregator, cleaning up balance sheets, inviting investors back in and freeing up the capital markets to the economy again.

How we got off that path I'm not certain, but thank goodness we're back on it. This thing will now play out more like the RTC of LTCM days.
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Spot on BPV.
 
#311
#311
apparently wallstreet doesn't understand the messiah will fix all. if he's going to fix all, why hasn't the dow jumped 1000, 2000 points. the messiah need to touch wallstreet as soon as he can.
 
#313
#313
Nice move today... up 240

bought some BAC this morning to average down... currently up 30% at $6.65 :dance2:

Will it last? :unsure:
 
#314
#314
VolsNSkinsFan said:
Nice move today... up 240

bought some BAC this morning to average down... currently up 30% at $6.65 :dance2:

Will it last? :unsure:
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I suspect Citi and BAC are very good long term plays. The gov't has already proven willing to keep them from falling.
 
#320
#320
Whats up with Thain at BAC? Should they keep him or let him go?

We could use a ban on short selling or bring back the up-tick rule, imo
 
#324
#324
droski said:
nationalization makes no sense. if obama does it, it might well go down as the thing that tanked the american economy for decades.
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What, exactly, constitutes "nationalization"? Buying stock in the bank? Buying a certain percentage of the bank? Giving them a certain amount under TARP?
 
#325
#325
lawgator1 said:
What, exactly, constitutes "nationalization"? Buying stock in the bank? Buying a certain percentage of the bank? Giving them a certain amount under TARP?
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TARP money is a loan so it's not nationalization. Buying a % or executing warrants is clearly nationalization.
 
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