QUOTE: 

Bank of America’s bond-insurance prices last week surged to a rate of $342,040 a year for coverage on $10 million of debt, above where Lehman Brothers Holdings Inc. (LEHMQ)’s bond insurance was priced at the start of the week before the firm collapsed. Citigroup’s shares are trading below the split-adjusted price of $28 that they hit on the day the bank’s Fed loans peaked in January 2009. The U.S. unemployment rate was at 9.1 percent in July, compared with 4.7 percent in November 2007, before the recession began.

 

Hmmmmmmmmm....could it be much worse??????  

 

FULL Article: 

http://finance.yahoo.com/news/Wall-Street-Aristocracy-Got-bloomberg-3867126984.html?x=0&sec=topStories&pos=4&asset=&ccode=

 

 

My comments: 

I've lost any and all optimism......at this time.  (My last stated position in  a post was around February.....and I was "neutral to negative" and haven't posted on this since.....)

 

 The big banks are in trouble AGAIN!!!!!!!!!!!  Europe has been killing our market for 14 months now.  Every time they throw up, so does the US market....again and again.

 

the Rapture THIS fall makes alot of sense to me....I hope, I hope!!

 

TICK TOCK....TICK TOCK...

YFIC,

Randy

 

PS.....I still have "hope" about the economy....BUT, "hope is not a strategy!" 

I think we have more hope in the Rapture to be soon.....than we do to hope for the world's economy to perk up soon!!!!!!!!!!!!