Month: December 2009
-
12/03/09 Midday Report: BAC does not need your stinking funds (well at least not until next time)
The market is abuzz today with BAC’s repayment of $45B to Uncle Sam who apparently got drunk and touched BAC in their loan loss reserves just one too many times. So to break the cycle, BAC is going to pay back their bail out funds through the profits they made by being able to borrow…
-
12/2/09 Midday Report: What goes up, Must go up
The market keeps rallying as it seeks to prove the little known old adage that what goes up, must go up (if it is inflated with sealed in non-decaying helium). Spurring the rally is the dollar’s continued demise. It has now not just fallen lower than Eliot Spitzer’s dignity, but is rapidly approaching Tiger Woods’…
-
12/1/09 Midday Report: Dubai? Do fucking buy.
Oh no, the ground is rising (or whatever the fuck the opposite of the sky is falling is). To no one’s surprise, Dubai’s finance arm related to real estate is going to renegotiate their debt and according to Dubai’s ruler, Sheik Mohammed bin Rashid al-Maktoum, there is nothing to fucking see here (except for a…