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Originally posted by GreenBicMan
52.50 calls for december? how much are they?
You are right about the flight to safety in retail - I think consumer confidence keeps picking up though - but that is just an IMO thing
Originally posted by GreenBicMan
reply to post by NoIWontTouchIt
RIMM is back to the price where I wanted to get in like 4 months ago I think it was - that thing got hammered.. I like it too - I still think GS is an incredible buy as well - as I can see them going right back to 300 where they were before this all started
Originally posted by GreenBicMan
Thats dirty stuff
Although I dont think of GS as just financial, I think of them as the market haha
i used to play PFE as well when I traded - I might be the only person in the world that made 5.00 on the stock haha - I think it might be at the same price it was when I bought it in high school
Originally posted by NoIWontTouchIt
Originally posted by THX-1138
Now here is the third....
YOU NEED TO PREPARE FOR EXIT BY THE END OF THIS WEEK.
It don't get no better than this. Straight up.
And why do you need to prepare to exit by the end of this week? Do you follow the elliot wavers who say the next leg down is coming after sept. 29th?
Originally posted by GreenBicMan
reply to post by NoIWontTouchIt
that would be nice, except its more like 8 dollars now hahaha
Originally posted by GreenBicMan
reply to post by NoIWontTouchIt
car ins,health ins,medical,datafeeds,charting system..then the other stuff haha
i dont know man about earnings... I would say in line to slightly positive but thats not my "will forte"
Originally posted by THX-1138
I've been warned again!
Apparently I continue to defy ATS by developing nuclear posts.
I suspect the moderhaters on this site are not very successful in their lives. They exhibit that small schoolboy fascist hall monitor name taker type personality. Mental midgets I tell ya!
FDIC Proposes Banks Prepay Fees Through 2012, Raise $45 Billion
www.bloomberg.com...
Sept. 29 (Bloomberg) -- The Federal Deposit Insurance Corp., seeking to replenish deposit reserves as banks fail at the fastest pace in 17 years, today voted unanimously to have lenders prepay fees through 2012, raising about $45 billion.
Lenders would prepay FDIC premiums for the fourth quarter and next three years on Dec. 30, to replenish the deposit insurance funds that staff estimated will have a negative balance at the end of this quarter, the agency said.
The agency raised its estimate for the cost of bank failures to $100 billion through 2013, from $70 billion, and said about half the expenses will be incurred by the end of this quarter.
U.S. Consumer Confidence Unexpectedly Fell This Month (Update1)
www.bloomberg.com...
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The Conference Board’s confidence index dropped to 53.1, from a revised 54.5 in August, a report from the New York-based group showed today.
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Consumer confidence was projected to increase to 57 this month, from an originally reported reading of 54.1 in August, according to the median estimate in a Bloomberg News survey of 78 economists.
The toxic asset program is launching nearly a year after Congress approved the $700 billion financial rescue legislation that bore the name Troubled Assets Relief Program. The initiative was once envisioned as the signature program in the government's rescue of the banking system, but financial firms grew wary of the strings attached, and it was subsequently scaled back as the crisis abated.
Since July, the Treasury Department has been working with a group of private firms to build investment funds that would combine public and private resources to buy troubled bank securities. The firms plan to buy the assets at bargain prices in hopes that they will turn profitable over time.