5 Handle For BAC As GM Now A Teenager, At 50% Of Post IPO High

Tyler Durden's picture

We can only imagine the frantic calls being placed between Omaha and Washington this morning...

As for the US government bailing BAC out again, we wouldn't put much faith in that particular probability judging by this other "nationalized bankruptcy reorganization" success story. At 19.75, GM is exactly at 50% of its post "IPO" all time high of $39.43.

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oobrien's picture

Second, bitches!

I can't be first all the time.

http://geraldcelente.proboards.com

Fuck the world.

OOONONO's picture

That is better than sh*ting the bed!

btw, "poop in the tub" reminds me of caddyshack ... ahhh, those were the days

 

rcintc's picture

Looks like GM is on its way to Chapter 22! (Chapter 11 for a 2nd time!)

Young Buckethead's picture

I would question who is going to get the prime assets after the debtor reassignments? Apart from the massive Federal holdings, who is most likely to acquire the best of the best, so that nothing will be left for the US taxpayer? Solyndra, part deux?

Snidley Whipsnae's picture

Here's how the Marx Brothers would solve this slo-mo train wreck...

http://www.youtube.com/watch?v=UlVoZgM4fgI

Mesquite's picture

Yup, sure seems like Washington's playbook...

Good chuckle...thanks...! 

Stoploss's picture

PAGING:  RULE 48, 49, 50, 51 and 52.  CODE BLUE!! CODE BLUE!!

covert's picture

somehow there should be an ironclad rule against all bailouts.

http://covert3.wordpress.com

 

max2205's picture

Fucked by the full faith and credit of the USA. Bwaaaaaa

GeneMarchbanks's picture

United Warrens of America to the rescue... (yawn)

Mae Kadoodie's picture

Five is the loneliest number that you'll ever do...

wombats's picture

It will get a lot lonlier as it falls thru 4...3...2...1...ZIPPO.

tekhneek's picture

It's so hilarious to watch it cling to 6. It's almost like watching that person running with their shoe lace untied. Sure you can run for awhile, but eventually you're going to fall on your face.

My puts are in position! C'mon let's get this show on the road.

Sheriff Douchenik from AZ's picture

Just jump on seekingalpo.com to see all the giddy (well not so much now) continually wax about Buffett is the smartest ever.... does anyone on that site ever make money trading or is it all donations to unions (GM) and Obama (Berkshire) worship?

johnnymustardseed's picture

Turn on the printing press, it will all be better. Dollar is the safe haven.  Vomit!

LongBalls's picture

You are correct sir. Push everyone into treasuries as termoil around the globe intensifies. Then print and push money back into the banks, stocks, and commodities. They have NO choice or it all collapses!

This will be the last such event. I predict next time this happens, which is not far off, we will be engaged in another war and someone will arise with a "total" solution, a.k.a. consolidation of power and money.

tekhneek's picture

Yeah.

I'm betting that China's been using their currency reserves to short the PMs along with the cabal but they're not settling in paper. They're buying the real shit at the same time.

When the time comes, they'll call the credit bluff and watch all the fiat collapse and they'll have bought themselves a brand new reserve currency.

That's when we'll go to War.

</theory>

LongBalls's picture

China has to do something to back the Pan-Asian Exchange 1:1. When that biznatch opens you will need ear plugs to sleep at night as the giant sucking sound of liquidity around the world starts to head east. They are going to need a crap load of PHYZ!!! It could not come fast enough for me.

But alas, even if gold and silver were to go to zero I could give to shiznitz. I love the stuff. Some people like model airplanes. Some people like golf. I like counting my phyz......over, and over, and over again!!!

 

spiral_eyes's picture

I wish Becky Quick would fuck me in the bath...

But not if it lead me to make stupid $5 billion impulse buys....

OOONONO's picture

Actually, Quick is not her real last name ... see the ole' coot pops a pill, and then, when the magic happens, yells "Becky, quick!" (before it goes back to flaccid ...)

Fix It Again Timmy's picture

Houston,Houston!!! Houston, please pick uuuuuuuuuuuuuuuuuuup..............

westboundnup's picture

BAC is whack.

/Whitney Housten voice/

johnQpublic's picture

i smoked a joint with her once

OOONONO's picture

i stroked her right between the joints once ...

sun tzu's picture

Was that before or after she became a crack whore?

JJSF's picture

I read last week that Warren is holding a a big fund raiser for Obama for like $35k/plate. My guess is Barama will be pulling every string he can to get it done for him.

Ned Zeppelin's picture

Obama et al shrugging and saying "what can I do our boys are not playing ball over there at Mariner Eccles. You call em, asshole. They're your people. not mine. I just work for them."  

buzzsaw99's picture

The UAW got a bonus from GM. They learn fast.

Blano's picture

Yeah, a 5K signing bonus AND starting pay jumping from $14.38 to over $19.  Nice work if you can get it.

Hedgetard55's picture

Obama andd crew busting out GM, er.. the US taxpayer.

King_of_simpletons's picture

Dick Bove must be thinking and probably saying it loud to a few of his followers, "Wow what a multi-generational buying opportunity in BAC". HA !

bigwavedave's picture

Silver, Bitchez..... Errr....

UGrev's picture

Hell ya.. if I could back up the truck, I would have. Had to dip into my reserve just for a few ounces.. but it was worth it. 

Ivanovich's picture

I could stare at your avatar all day.

Paper CRUSHer's picture

Gimme a high five brudder.

pelican's picture

A week ago, I wanted to transfer what little I had left in an IRA out of stocks.  My "broker" told me he was going to place it into something safe: Mortgage backed securities.

I regret giving Wall Street any of my money to watch. 

OOONONO's picture

you must be kidding - either that, or you are nucking futz!   I mean - what you are admitting to is about the ultimate insult around here - you are joking, right?

Gringo Viejo's picture

......."and children shall lead them"...........................

Bokkenrijder's picture

How is that Donnie Trump index doing by the way?

johnQpublic's picture

as for GM,... maybe they should consider making at least one vehicle thats not a total piece of shit

i understand you have to sell parts and service as well as vehicles, but they shouldnt be falling apart at 40,000 miles

and thats if you are lucky

the only reason they arent out of business is the truck line because so many aftermarket parts are available you can at least fix them

in-Credible Banker's picture

OMG JQ you are sooooooo spot on.

My wife used to work at a Pontiac dealership so in 2005 I paid cash for a fully loaded brand new Bonneville SLE.  I had normally been a new car every 3 year kind of person but, owing to my belief that cars are a complete waste of money I have kept this vehicle since.  I travel a lot so the car sits at the airport for days at a time.  Only has 50,000 miles on it.

In the last little while I have.....

- spent $1,600 fixing a coolant leak and related damage

- $900 bucks to reset and fix the "Brake Fluid" and "check engine" lights that were on simultaneously

- new brake pads and (for the second time on this piece of crap) rotors.

Anyone who invests in the equity of GM, ever, should have "retard" stamped on their head.  As for those who actually buy their products I say to myself....lesson learned.

 

 

 

 

tekhneek's picture

I bought a 2008 honda civic. I haven't had to do anything to it besides change the oil and put gas in it.

 

 

Sheriff Douchenik from AZ's picture

ICB - thanks for your honestly. I owned a 94 Transam that fuking broke everyother week even when stored over winters...Got a '91 Acura NSX thats been bulletproof. That being said Honda's turned into a piece of shite wannabe green car manufacturer with nothing remotely interesting and the 9gen Civic is 2 steps backwards.

Hyundai and Kia seem to be the most engerized right now and making great cars.

buzzsaw99's picture

Moody's downgrades Greek banks. Late to the party, as usual. LMAO!

Moneyswirth's picture

SP futures down 20?  Or is my screen frozen from yesterday morning.

Yeesh...