Looks like McCain is chickening out from facing American public, Obama and debate moderator. Otherwise why would be pull his typical maverick style trick to postpone the debate where he has chance to explain his plan on how he as president would get us out of this mess - he does not have a plan and everyone knows that his party and Wall Street got us into this mess. So on the premise of economic crisis, he is cancelling his participation in debate.
Obama should go ahead with his appearance in the debate and take this opportunity to explain his policies including how to get USA out of this mess created by current administration and Wall Street. I hope Obama go on attack mode and really gain momentum and seal the victory in next couple of weeks
FRE, FNM continue to climb and make another 30% gains (third in a row). Would this continue - don't know. Now only these stocks are trading at about 20% of what they were trading before Government took over 80% of stake. So technically they have reached their pre-Gov-takeover levels. However if we assume that their intrinsic value is about $20-25, then they can still go up by about 100% in next 12 months.
If bailout package does not get approved by Sunday, we will have another Black Monday with Dow plunging below 10000. If bailout package gets approved over weekend, we will see Dow above 11500. Since we don't know how congress would act, I would recommend keeping some cash at hand and given opportunity, taking positions at following banks at prices listed:
/Shyam
Obama should go ahead with his appearance in the debate and take this opportunity to explain his policies including how to get USA out of this mess created by current administration and Wall Street. I hope Obama go on attack mode and really gain momentum and seal the victory in next couple of weeks
FRE, FNM continue to climb and make another 30% gains (third in a row). Would this continue - don't know. Now only these stocks are trading at about 20% of what they were trading before Government took over 80% of stake. So technically they have reached their pre-Gov-takeover levels. However if we assume that their intrinsic value is about $20-25, then they can still go up by about 100% in next 12 months.
If bailout package does not get approved by Sunday, we will have another Black Monday with Dow plunging below 10000. If bailout package gets approved over weekend, we will see Dow above 11500. Since we don't know how congress would act, I would recommend keeping some cash at hand and given opportunity, taking positions at following banks at prices listed:
- Citibank (less than 15)
- Wachovia (less than 11)
- Goldman (less than 100)
- Morgan Stanley (less than 20)
- Bank of America (less than 25)
- And if you want to go little more aggressive, go for AIG when it falls below $2.50
/Shyam
Comments
WB???
have you even looked at their balance sheet???
Do you want top discuss it with the one here who told you to short that pig when it was 30 or to short WM???
PS one question if you will
Do you think this 700 bil bailout will be the catalyst needed for new bull market...i am a bit confused as I have been bearish and right now I dont know what to think
Thanks