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And all the while the Fed and regulators allow this to happen. The US has no investable markets....all they have is gambling parlors that the government has created and condoned. You have to be insane to actually “invest” in the US markets.
The casino-nature of U.S. financial markets creates a very favorable environment for true investors. These quick fluctuations create attractive opportunities as markets can diverge greatly from fair values. As "investors" we should welcome these gambling fools into the marketplace.
We the People did not establish our form of government so that the people who work for us could get filthy stinking rich off of us.
Looks like the old buy and hold rule went the way of the telephone booth.
AIG = All In Gamble
That volume/turnover is one side effect of HFT...
[ I'm about to close two short positions at great loss, so a market rollover is just around the corner ]
If we didn't have this turnover, stock market would've been up >100% with the level of bullish sentiment going around.
KBW analysts led by Bose George downgraded shares of Fannie Mae (FNM 1.21, -0.25, -17.12%) and Freddie (FRE 1.41, -0.31, -18.02%) to underperform from market perform and cut their price target on both stocks to zero from $1.
AIG (-4%), Fannie Mae (FNM) (-17%+), Freddie Mac (FRE) (-16%+) tanking quietly...shhh...
3+ seconds for google, a lil long, no?
Not surprising, simply an indicator that the US is furthest ahead in the casino financialization of its economy. Those foreign troglodytes still do laughably archaic things like, you know, produce physically tangible goods. At the onset of this crisis I, like many others, erroneously believed that the meltdown would "rein in" an unhealthy American economic dependence on financial services. Instead, it actually made things worse by wiping away the last remnants of the tangible productive economy. Finance is now the economy, and I don't see much coming out of Washington that tells me those in charge see anything fundamentally wrong with this. In fact, a scary amount of capital (political, financial, social and otherwise) is being blown to make sure the rotting financial services bloat doesn't wither away as it should. And as a result, there is one thing the US is now arguably the global leader of once again: paper production.
This feels like the 1999 Dot Com bubble & Will probably end as badly.
I call this the 'echo bubble".
And let us not forget that NASDAQ is still about 50% below its all time high after all these years.
Dow 7200 anyone ??
Is it possible that the reverse stock split on AIG accounts for the bizarre 806%? (ht dikker)
Isn't this contradictory to the fact that there are low trading volume days on many days ? Or may be I am interpreting this wrong.. Can somebody explain ?
I heard 4 out 5 top psychics recommend AIG.
Are you really trying to say that these psychics are saying that AIG will survive and continue to be successful they way they were in 2000? Let me know what you have to say, please. My e-mail address is firstname.lastname@example.org.
The added liquidity will only prolong their bankruptcy for another 6-9 months at best.
The consumer isn't coming back.
Goldman and Bank of Amerika run the markets along with Geithner, and beagle boy Ben. There is no free markets, only welfare capitalism and socialism for capitalism.
good articles; good articles 4 slow news day ..http://www.. hat tip: finance news
So you're telling me that 4 out of 5 psychics say or predict that AIG will recover and grow scuccessful the way it was in year 2000?
Are you really trying to say that these psychics are saying that AIG will survive and continue to be successful they way they were in 2000? Let me know what you have to say, please. My e-mail address is
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