Back on topic…
If everyone bought some, could made in USA didlo’s save the economy?
How many would they have to buy?
um, buy C & BAC at last Fridays lows and profit. 
This feels too easy…
Done and Done. 
So, are you buying GLL or another Gold ultrashort? Putting your money where your mouth is?
I put my entire portfolio into long financials and oil/gas on Friday and yesterday or I would have. I would be up 10+% too.
But luckily I got better gains by shorting FAZ and ERY. Take a look at that today.
Yeah I was already looking at FAZ. You had perfect timing on that short. It is going to be hard for the banks stocks to sink any lower than fridays lows anytime soon.
non-related:
Why is GM on such a rise today?
Unfortunately, I didn’t have perfect timing. I was in short from $60 on FAZand $40 on ERY and was losing my ass all the way down. Friday and yesterday, I went all-in and “averaged up.”
ah, gotcha
You guys wanna see what 8 grand in a day looks like?
This.
So you’re buying. I like it. :tup:
lol, the sad part is the vast majority of that was just recovering my losses over the past 2 weeks. :tif:
You have my respect cause your not just boasting. Props for telling both sides of the coin.
Joe, who do you have for oil/gas?
I’m strictly in ETF’s right now to avoid individual company risk. I hold short positions in ERY and DTO. (in laymans terms, i hold DXO and ERX.) I also have been in and out of UGA.
Dear Joseph,
In conjunction with today’s publication of HSBC Group’s Results, the closure of our branch based Consumer Lending (CL) business was announced. This difficult decision was made in the light of significant financial deterioration of the CL business. Despite many initiatives during the past year aimed at developing a sustainable business model, the long term continuation of CL was not feasible. We will immediately cease all CL loan originations but continue to centrally service all existing customers, particularly as we continue our leading home preservation programs.
The closure of CL was not a simple business decision as it impacts employment for a significant number of our colleagues in HSBC Finance. It represents the end of a business that has spanned many decades and has had the loyal support of both our employees and our customers. However, the external environment continued to deteriorate thus limiting our strategic choices. In keeping with our brand values, we will treat our impacted employees fairly, and we will continue to support our existing CL customers.
HSBC is committed to the USA financial services market, including the remaining businesses in HSBC Finance, specifically our cards business. We see the US and Canada as core markets for the HSBC Group. In the coming days and weeks, we will communicate more fully with our impacted employees and customers. Niall Booker, Paul Lawrence and Lindsay Gordon, CEOs respectively of HSBC Finance, HSBC Bank USA and HSBC Bank Canada, will write to their employees in more detail.
The ongoing restructuring of our businesses in North America has not been an easy path for all. I thank you for your ongoing commitment. We have a talented team of colleagues, and we will continue to invest in our core businesses and remain a significant financial institution in North America.
Yours sincerely,
Brendan McDonagh
Chief Executive Officer | HSBC North America Holdings Inc.
This is bad.
Just saw the layoffs in the news. 
http://money.cnn.com/2009/03/02/news/companies/aig/index.htm
Looks like a bad monday
The weird thing is we’re actually a lot better off than most. Problem is the bank decided to buy the world’s biggest subprime company a few years before it hit the fan. :picard:
our big shareholders are all outside teh US and have little tolerance for the types of losses we put up this quarter. They basically said to get out of US lending and move all of the former Household companies into bankruptcy and get them the hell off our balance sheet.
$61,700,000,000 in 3 months.
Wow. Just spectacular.
Yeah, AIG is one of the ones that the “bailout” really just needs to unwind in a quick, orderly fashion. Funny part is they beat the market’s expectations :roflpicard: as their stock is up 17% premarket