Thursday, April 30, 2009

"Results" of "Stress Test"

Here we go (I have my nostrils plugged - hate rotten fish's smell)

April 30 (Bloomberg) -- The Federal Reserve will postpone the release of stress tests on the biggest U.S. banks while executives debate preliminary findings with examiners, according to government and industry officials.
The results, originally scheduled for publication on May 4, now may not be revealed until toward the end of next week, said the people, who declined to be identified. A new release date may be announced as soon as tomorrow, they said.

I am just wondering - if "their" testing does not make "them" happy enough to release it on time - what will happen when all bagholders of the world who are buying shares from professionals who were buying all the way to the bottom - what will happen WHEN "results" are released?  Mid May? Sell in May? CNBC said - "THIS May is different"?

What are "they" waiting for? Are they expecting Americans to become slightly more patient in one week? Or just slightly more ignorant?

Suckers never change...

Here is another chart to be saved - your grandchildren might like it, but you might have to add sound to that chart - I doubt that with the way Government ("From People for People") treat us people will be able to read 20 years from now (McDee will be gone by then I hope, it is just it looks lot like Golden Fat Arch)