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"There is obviously the risk that if too many banks pass and do so with a comfortable margin, the test may be judged as too easy"
yeah but those who believe the tests are "too easy" dont control the markets
interesting to see how the big boys get info sooner than the rest of us. I think thats what happened at 3:25pm today
It's the kind of thing that give trailing stops a bad name...
enough to save 1088; eurobanks will be fabulous
Unfortunately for all of us, the banks will pass the tests and of course the markets will move higher. The last few lemmings in this market will pay the ultimate price for their folly by not knowing when to get out. When the first dominoe falls the chain reaction will be evident. As long as Bernanke Bucks are free, the illusion continues.
so which is it then? continued illusion or falling dominoes?
This is such a fraud. Look folks the banks are ok, see we tested them.
Totally off topic, but I just got this so I thought I would share.....
All the banks have passed the stress tests,the Faroe Islands will win the next World Cup,President Obama is a good President,the Depression is over,Elvis works in our local Supermarket,etc,etc,etc,...................
RECAP STRESSTEST: Who got stressed? The stressed “little Timmy” Geithner stressed that his stress test wasn't about bank nationalization. Still the stock owners got stressed.
Although “Stress test” may seem an interesting term but boiled down it’s nothing more than a biding time gimmick. Even Bernanke himself said: “The outcome of the stress test is not going to be fail or pass." Bernanke’s testimony on Fed’s monetary policy http://www.reuters.com/article/idUKTRE51N3Q520090224?virtualBrandChannel=10480&sp=true
Quote From Max Keiser: "Remember that if you are at a Poker table and you don't know who the chump is, you're the chump!"
"Bad Bank idea would would probably be "very expensive," costing as much as $4 trillion", 4 February 2009, by Robert Schmidt (Bloomberg) http://www.bloomberg.com/apps/news?pid=20601087&sid=adjCyH0MJKQk
Lets get China to stress test the European banks! We need a non-western stress tester.
Its like this. If euro banks fail the ST's then we dump for same old fears, at the same time if most euro banks pass then we dump because test was too easy. So paradoxically, the only way out of this is if a convincing amount of banks fail, and if Brussels already know this is the case in advance, then long euro it is... so long euro it is then.
Hurry, hurry, hurry! Step right up and see:
We will not see the likes of this orchestrated event since the Pay per view steel cage match that pitted Hulk Hogan against Randy "Macho Man" Savage (with the lovely Elisabeth). Jim McMahon are you behind this?
This should put to rest the big head & shoulder top formations in the indexes. Get ready for much higher indexes as we near the fall elections. Yes folks it's all a rigged show, don't sit this one out make some free money BUY SP 500 INDEX FUTURES.
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