Comments on: Market Bounces http://www.economyguy.com/market-bounces/ Economic News For Everybody....by Tom Harvey and Cyrus Uible Mon, 06 Feb 2012 20:08:23 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Tom Harvey http://www.economyguy.com/market-bounces/comment-page-1/#comment-787 Tom Harvey Thu, 12 Mar 2009 05:05:16 +0000 http://www.economyguy.com/market-bounces/#comment-787 Hi David, it would be nice to have some of these scumbags get kicked in the pants. Tom Hi David,

it would be nice to have some of these scumbags get kicked in the pants.

Tom

]]> By: David http://www.economyguy.com/market-bounces/comment-page-1/#comment-785 David Tue, 10 Mar 2009 23:04:17 +0000 http://www.economyguy.com/market-bounces/#comment-785 I have two thoughts. The market was oversold on the technicals so a 5% bounce up isn't too unusual. However, the market is only back to where it was on Wednesday last week. Is this really a big rally? Also, Citigroup's profitability results from counting "profits" but not loses on hundreds of billions of dollars on illiquid, depreciated "assets" on the books and in off the balance sheet SIVs. If the market crashes, then I could see Pandit being sued for his comments today. He's looking at fines and maybe jail time for manipulated stock prices. I have two thoughts.

The market was oversold on the technicals so a 5% bounce up isn’t too unusual. However, the market is only back to where it was on Wednesday last week. Is this really a big rally?

Also, Citigroup’s profitability results from counting “profits” but not loses on hundreds of billions of dollars on illiquid, depreciated “assets” on the books and in off the balance sheet SIVs.
If the market crashes, then I could see Pandit being sued for his comments today. He’s looking at fines and maybe jail time for manipulated stock prices.

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