Wednesday, June 11, 2008

Merrill cuts Lehman rating a week after upgrade

Whooocoooodanode???

http://www.reuters.com/article/hotStocksNews/idUSN1135424920080611

Why the fuck do they pay these worthless bags of flesh that pass for financial analysts? Anyone with half a brain and a heartbeat could analyze these companies and see how much trouble they are in. The curtain has been pulled back on the wizards, but they keep hyping regardless of what everyone sees. Just amazing to me.

People...listen up. The financial firms are fucked. Pure and simple. Don't listen to the hype and please don't try and catch falling knives. These are stocks to stay aways from. Bernanke is clueless, spineless and is in his own little academic world that looks nothing like the real world.

We're getting awfully close to another Bear Sterns type implosion. Lehman and Merrill Lynch are two that look prime. Lehman is really looking like it might go down quickly. The fed has put up a big backstop, but the losses are mounting in rapid fashion. Only half way there as well. Hang on to your nipples, it's gonna get wild.

No comments: