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Kohn, he's a crazy fella aint he?
and they posted a 25 billion profit off of 10 billion?
Originally posted by RetinoidReceptor
AA, even though up 6% AH, can easily end down tomorrow with the rest of the market. AA did better than expected due to cost cutting, not economic growth. I have seen so many stocks up huge AH and end up down the next day after earnings. I wouldn't be fooled...Especially if the initial claims are worse. Which, one of the reasons AA came above expectations, is because of job cuts Again, this doesn't mean I am totally bearish on the markets, and I did sell my dollar holding and opened a temp. position for the euro vs. dollar. But that doesn't mean on the NYSE things will rally by the end of the day. But who knows.
Originally posted by Hastobemoretolife
reply to post by Rockpuck
Hell yea, sign me up too!
I think we should get the GS program and give it to the people on here that know the markets. Then we can all coordinate and watch the market go up and down. Make peoples heads spin.
I wouldn't want to be within 100 feet of the thing though, talk about one hot item right now.
Originally posted by fromunclexcommunicate
reply to post by Hx3_1963
The yield for those treasuries went up a little to 4.29% but that is down from about 4.75% in June and lower than I expected.
Oil was up 39 cents on the day, first positive close since June. Technically we are at the bottom of the trading range for stocks. FAS the triple Bull Dow ETF was up 3.57 percent on the day?
Originally posted by fromunclexcommunicate
June auto sales in China jump 36.5% from June last year to 1.14 million vehicles for the month.
online.wsj.com...
Now why aren't the shoots so green in our back yard?
Source
The Federal Deposit Insurance Corp. is unwilling to give CIT Group Inc. access to its Temporary Liquidity Guarantee Program because the commercial lender’s credit quality is deteriorating, according to people familiar with the regulator’s thinking.
The FDIC, which has backed $274 billion in bond sales under the TLGP since Nov. 25, is concerned that guaranteeing CIT debt would put taxpayer money at risk, said the people, who declined to be identified because the application process is private.
The federal agency is continuing talks with CIT about how the lender can strengthen its financial position to get approval, such as by raising capital, said one of the people. CIT’s measures to improve its credit quality, such as by transferring assets to its bank, have been insufficient, the person said.
CIT, the century-old lender to 950,000 businesses, became a bank in December to qualify for a government bailout and received $2.33 billion in funds from the U.S. Treasury. The New York-based lender has reported more than $3 billion of losses in the last eight quarters, faces $10 billion of maturing debt through 2010 and hasn’t had access to the corporate bond market in more than a year, according to data compiled by Bloomberg