Gothamist: Futures Point to a Rally, But Investors are Wary

NYCSniper

Fri, 21 Nov 2008 12:03:02 -0500

Starry: Why so surprised that there is no accountability re: how bailout $$$ is spent? Anyone who took the time to actually READ the TARP/Bailout bill saw that that was just one of the provisions of the bill. It doesn't even give the Congress the option to investigate or question the actions of the Treasurer.

NannyState

Fri, 21 Nov 2008 11:32:22 -0500

Pandit's trying to talk Citigroup stock back over $5. There's no buyer for this hulking piece of shit so he should just get back into his fucking office, get on the phone, and call one of his deadbeat credit card holders and demand "$60 now and here's a fucking payment plan".

JMH

Fri, 21 Nov 2008 10:52:56 -0500

I think they're generally called "fuzzy" dice, not "furry".

SP

Fri, 21 Nov 2008 10:51:20 -0500

Snake eyes!

starrygordon

Fri, 21 Nov 2008 10:37:40 -0500

'... And some feel that Washington D.C. is paralyzed and worry about the next few weeks until the Obama administration is in power.' My impression is that the Bush administration is anything but paralyzed; it's doing its friends as many favors as it can. Remember the $700 billion? A third of it is gone with no accountability. Instead of being used to reinflate credit, it's being used to line the pockets of bankers. No, Bush and company are busy, busy, busy. And 60 days is plenty of time to start another war, in case mere theft is not enough. I wish Washington were paralyzed, but no such luck.

r1b2

Fri, 21 Nov 2008 10:34:56 -0500

It will be hard for a bank to consider buying Citi as it now stands. Pieces would be attractive, but Vikram is reluctant to break it up, and what would be left after would be perhaps unattractive. $3.75/share? Yowza!

felixthecat

Fri, 21 Nov 2008 10:13:33 -0500

@nycsniper, I agree with you, the Dow has not yet reach it low point. the reason why it has regain today is because hedge funds and institutions keep buying position to keep the market up. But it is heading south.

NYCSniper

Fri, 21 Nov 2008 09:35:58 -0500

Don't buy ANY stocks now. Do not buy in 2009. The real deals will be in 2010. This ship has a ways to sink yet. 5,000 definitely. 2,500.... who knows? It's possible. Interesting chart: http://stockcharts.com/charts/historical/djia1900.html