Stress Tests to stress markets :)

Bank of America seemingly needs to shore up its capital by 34 bln$ … WOW …

Stock price TRIPLED … and still they need around HALF of its market cap … IMPRESSING

So … at the end … reading between the lines … the first RUMOURS became true …

1. 16 out of 19 need capital … Goldman, JPMorgan and Morgan Stanley being the white ravens

2. Capital need will be around 150 bln $ … (Is that exactly the remaining TARP balance?)

3. Crisis is NOT over …

Be aware, that Roubini was quoted yesterday, that the assumptions of the stress tests are TOO POSITIVE … AUTSCH!!!

If one is an investor, NOW at last one should get the message … they keep manipulating and this market is only artificially inflated.

Take care!

Tags: Bank of America, financials, Goldman, JPMorgan, Morgan Stanley, stress test

This entry was posted on Mittwoch, Mai 6th, 2009 at 07:20 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.