Comments on: Bear Market Armageddon

By: Michael Vlaicu

Michael Vlaicu — Sat, 16 May 2009 07:54:21 +0000

@Luke, with the way some of these banks are run, I sure do.

By: Luke

Luke — Sat, 16 May 2009 07:38:32 +0000

I got in at 5.74, saw a drop on thursday but held it. Back up to 5.90 at the close on friday.

Michael and others watching – You’re still expecting 7 at some stage? This news of CEOs being tossed out shook it up a bit during friday.

By: wayne

wayne — Mon, 11 May 2009 19:23:44 +0000

i bought in at 5.89 hoping to see 6 soon.

By: Michael Vlaicu

Michael Vlaicu — Mon, 11 May 2009 16:04:19 +0000

@Bob, I see it having a few days near the 7 level, afterwhich it should start to decline steadily. The decay factor, as well as “bogus” stress tests have played a big factor in the cheap PPS of FAZ.

By: Bob

Bob — Mon, 11 May 2009 16:01:53 +0000

What do you see it rising to over the next couple of months?

By: Michael Vlaicu

Michael Vlaicu — Mon, 11 May 2009 13:51:55 +0000

@Wayne, easily. This fake rally will not last much longer.

By: wayne

wayne — Mon, 11 May 2009 13:46:37 +0000

do you see it at $6 any time soon?

By: Michael Vlaicu

Michael Vlaicu — Fri, 08 May 2009 13:53:16 +0000

Debt ratio is looking to jump from 40% to 80% within the next few years (CNBC with Warren Buffet), and even higher than 80% the only thing that will save it is balance from revenues and expenditures.

By: Michael Vlaicu

Michael Vlaicu — Fri, 08 May 2009 13:52:18 +0000

@Wayne, next week there def. will be a sell off as bank stocks are highly over bought. Profit taking will come at some point or another, after that I would go long-term with WFC and JPM if you want banks with good fundamentals.

I am not afraid to admit I was shocked that investor outlook is so positive with all of this debt.

By: Wayne

Wayne — Fri, 08 May 2009 13:49:42 +0000

What do you see FAZ doing in the next month?