July 17, 2008
Maliciously Manufactured Short Covering
Wells Fargo Leads Financials to Record Rally
“Financial shares rebounded from their steepest five-day loss ever, pushed higher by an increased dividend at Wells Fargo and a Securities and Exchange Commission plan to limit traders’ ability to bet that shares of Fannie Mae, Freddie Mac and some of the nation’s largest banks and securities firms will decline.”
A variation on Marty Zweig’s old saying: You Can’t Fight the Fed(s).
(Source: finviz)
Cat: | Time: 10:49 am (utc+8)
July 17th, 2008 at 11:13 am
you are kidding me right - you support Obama, I like your site but that guy is a media fraud - what does he stand for anyway? raise taxes in a tough economy who do you think pays for that,… has the man ever said a good thing about this country, they had to twist his arm to wear a flag pin and he wants to be the leader of the free world? more wasteful social programs, i work in the inner city and would know? Unite who, with his associates from his church he has lost half the country already. This guy gets a pass like no other. Russia, China, and the middle east are praying he is elected. How about the comments on illegal immigrants (my family came here legally from cambodia in the 70’s and understand their plight but work hard, get legal and stop asking for handouts) that we all need to learn Spanish and that raids on ILLEGAL immigrants is like terriorism? His energy policy is green jobs but no drilling? what? I have seen more pictures of Bush depicted as hitler and he takes it in stride but Obama freaks out over the New Yorker? Lets no forget mr change has changed all his postions since Hillary screwing over his leftest base, and lets not forget him throwing his church under the bus. I am no McCain supporter but this is a no brainer - this guy brings nothing to the table. I could go on and on - your a stock market guy when he raises captail gains look out below, forget growth. Myself and my family where all dems and fell into the lies. The dems want to keep you down so your complaining and blaming all. The repulicans are not much better but understand what is important to me and my family - low taxes, protect our land, lessss government. Take care
July 17th, 2008 at 11:27 am
Dara: I believe you when you say you can go on and on, but how about some paragraph breaks? :-)
July 17th, 2008 at 12:14 pm
You can always tell a Fox viewer. Big on wind, short on facts.
July 17th, 2008 at 12:18 pm
Will the rumor mongers who’s rumors made the markets go up also be prosecuted?
July 17th, 2008 at 1:10 pm
I’m often amazed at some peoples comments, gives me a good chuckle, can you say left (wait maybe I mean right) field?
July 17th, 2008 at 2:43 pm
dogbreath - tough to defend a fraud, lets hear some facts on Obama- Media Creation - Brings nothing to the table. Never did a thing for Ill, or in the Senate. Never worked a hard day in his life (prep schools, harvard, laywer. Won two elections because the other canidate dropped out and had to be replaced(true) - has never lead anyone anywhere
Gets tied in with a anti white, anti american, anti semantic church that takes him under his wing - and then throws them under the bus. (McCain spends 5 years in a box getting beaten daily, is offerd the chance to go home and stays never once selling anyone out, but Obama throws his church and grandmom under the bus at the most convient time)
He Screws the Clintons with all the change crap and how he is going to unite and get us out of Irac - funny how his stance on Iracis changing now that he has facts on the amazing progress, give it another month and he will be drilling for oil in Alaska, lower taxes, or introducing faith based programs - oops (Hillary would have beaten McCain by 10 points)
And you want this guy making descisons on the economy, terrorism, and expanding social programs for the lazy. You better pray Hillary pulls something out of her hat at the convention.
Lets face it he is where he is because of his color - which is funny because the white side of his family raised him while the black side (his father) split town yet he pulls that race card crap alot. Sad that we may have a president that goes to the race card, real tough leader there. Is he going to pull that on China when they come to collect the dept we owe them.
July 17th, 2008 at 6:05 pm
I was hoping to read some comments about the financials as I just bought Wamu yesterday, not some crazy rant. So disappointed!
July 17th, 2008 at 6:21 pm
Anthony: If you were smart enough to buy WM just yesterday then there’s nothing that I or any other crackpot commenter can add — you tell us what to do. :-)
July 17th, 2008 at 6:28 pm
I’m still not convinced that we are at a major bottom. But after reading this doom and gloom article by Jim Cramer on 07/15/08, I couldn’t help but buy something. I don’t have cable TV on purpose, but I still get access to Cramer for ideas (to fade).
http://www.thestreet.com/story/10426463/1/cramer-the-danger-is-immense.html