Thursday, May 21, 2009


Unemployment is still rising with over 631K first filers:

The banks have raised $56 Billion in new capital.

Today Libor and Eurollar have fallen:

Stocks are falling:

So the pump isn't pumping, jobs are being lost, and the banks are now "well capitalized" with their massive equity raises at manipulated prices.  Welcome to Wall Street.  You've been sold by your financial advisors who said it was a great time to buy great values and the market is going up indefinitely.  Like I said before, if the Fed Funds/Libor/Eurodollar pump stop, so do the equity markets.

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