Single Post Display - MarketTicker Forums


	Detailed market commentary at The Market Ticker and Ticker Classics (The Year 2011 In Review) Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here. BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda) RSS available

MarketTicker Forums Single Post Display (Show in context)

User: Not logged on

User Info	Koolaid iditots; entered at 2007-12-02 15:07:47
Illdoyah Posts: 3498 Registered: 2007-09-12 Jupiter, Florida	Speaking f ****tards look at this one. I have posted it from anoter site. This ass clown think the Citi bail out will save the market Maybe... What's driving this market is uncertainty. Uncertainty about the amount of the losses the financial sector will suffer in the next months. Sovereign fund action in Europe andd the United States shows that the Gulf States are willing to spent their money buying stakes in the financials. That has removed some of the uncertainty. There is still incertainty, but there is a new baseline. Now US financials know there is a pool of $2 to $3 TRILLION on stand-by... The investment of Alwaleed bin Talal in the 90's ($500 mill in Citigrup, worth about $10 billion right now) was a good proof of concept, but it was an unusual investment. Of course, we are talking now about a different attitude in the Gulf Countries, with a $100/barrel oil economy swelling their coffers and an appetite for diversification. So yes, I think Citi is an important catalyst sufficient to move the stock market up a notch a sufficient to establish a bottom. It establishes kind of a "support level" at which financials might expect to get a capital infusion if their prices get at that level and become attractive to sovereign funds. What I mean is that all this crisis is financial-driven, and if prices of financial stocks reach the level at which Citi got its deal, money will flow into the financial sector on the expectation that a new Middle-Eastern capital infusion will lift the market again, so in my opinion the low point we reaches is as low as it gets. Not to say that the mark will not seesaw wildly between Dow 14,000 and November/August bottoms. We will probably bounce between those 2 points for 2 to 3 quarters, but that's good for trading (although stressful and nervewrecking).... 2007-12-02 15:07:47