If you're short, I'm the sucker going long....: Peoples bank

Thursday, January 31, 2008

Peoples bank

pbct......

definatly a bank to look into.

If the bears can manage to wreck the market, after some research I'll consider buying it.

2 comments:

new comer said...: what the hell going on? Bad news is good news again? More writedown in MBIA, an unexpected sharp increase in weekly jobless claim and a lower consumer spend, but these don't crash the bear.

Now Dow even in positive territory...; January 31, 2008 at 11:41 AM
Eric said...: Things like that were why I stopped paying Tons of attention to the news.

This back and fourth is crushing..

I'd look to short in th 1450 range, when we stall.

Of course the jobs number could be a spine crusher.

Wall street is Sleazy. the s&p stuff is just a warning, it may happen in a week or two.

This looks to me like it was just a short term bear run to get lower prices to get long the market.

It also sounds like MBIA may make it.... currently. It's AMBAC that is a worry. and needs a bail out...
But if it happens... I'd trust in a Federal bail out.

It's climbing the wall of worry again...
We could go to 1500; January 31, 2008 at 11:58 AM

Subscribe to: Post Comments (Atom)