anyways.. moving on.. the way people are acting i suppose DOW 30k is right around the corner.
wonder if we continue today, or retest the run.. wierd disconnect between the USD and the index runs.
Also the bulls kinda got lucky as we needed something to push slightly higher otherwise the bears would of driven it lower by wed.. however today will we get pst 1397-1401 as that is the June 08 high,
Need more data and i have questions regarding this stress test and when was the base period they used? ..
22% drop in housing from where? the pre crisis? since they have dropped more than that percentage. If it is in a closer base ex earlier this year, then 22% from here would be what.. 65-70% loss in value, and that's a collapse.
This 50% market drop,.. same question applies, where is the base calculation,... when from here it was the bottom of the fall during the crisis.. wouldnt it be more than 50% if housing fell 22% more here? .. let alone what about in the event of a default in not greece.. eh.
Just seems quickly put together.. or released and JPM took the air out of it on Thursday as a real moving event by jumping the gun.
Also was the rise in banks really truly because they are healthier .. good sheets etc? or was it due to a regulatory item being passed and a few divi increases by some of the leaders (not all) and some share buybacks.. Which i will say the buy backs were expect but is always a good thing for the stock as it s a constant supply of buys and increases EPS and earnings estimates for those companies.
There had to of been trades done on this news prior to everyone known in a fair manner.
Edited by mjoke - 3/14/12 at 6:48am