Skf Will Go Up
Q: you guys who write that SKF wont go up are full of S..t !!!!!! with NERO on top !!!!!!! you all know banks have no money on tv they lie all the time government lies all the i mean what else should they say ?? you think they ll come out and say ummmmmmmmm we have no money banks have no money WELL hell no they wont say that !!!! thay pump the money into the economy but they can do it for so long !!!!!! sure SKF might even hit 30 who cares mark my word SKF will be over 150 very soon ! all this BS that government is doing is comming to an end ! i dont care what anyone says i know that nothing is as good as they say so we just have to wait !
A: I agree... in many ways, it is good that the banks have gone up so much the past week... it means when they fall, it will be harder and faster which helps this stock. Bankrupcy, flu, overbought stocks, rising unemployment... last time I looked around me, things were not getting any better yet. Who thinks that the sever recession we hit is going to dissappear as quickly as it came? Government is trying to do what it can to bring us out of this mess, but without honesty, it isn't going to happen. It will take time to repair the years of mess created by the greed of the banks... Just waiting for the investors to wake up and not follow the false hype. I heard that if (and I admit this is a big if) hypothetically the government were planning on nationalizing the banks, they would first have to instigate these stress tests to make sure it is absolutely necessary. Next, they would have to do it somewhat convertly since they couldn't just take it over on Friday and open on Monday as this would require an army of FDIC regulators to clean up these huge banks in such a small amount of time. Therefore, instead, they have to increase their shares in chunks. If you look, government ownership in several of these institutions is already over 50%. This effectively is nationalization. I don't understand why people don't see this. Also, I have talked to several people who are long on financials and they admit that the banks and insolvent and then they counter it with "so what?". I was too stunned to even respond. Why would you want to be holding the bag on a financial institution that is insolvent? The market can remain irrational much longer than I can remain solvent. I think the market is heading for a nasty ride back down. Maybe I am wrong. But one thing is certain: we are shorting insolvent banks which seems much more logical to me than owning insolvent banks. Am I not correct?