Just imagine how ugly all of their earnings could be without the profits from this manipulated historical stock rally...
Also look at MTG's earnings, the biggest mortgage insurer with $4.17 loss per share, simply unbelievable...
Many stocks such as JPM are even close to its historical high or even beyond it, I can't imagine how high they will be if we do go to SPY 1200 as so many of us are expecting, some even predict Dow 12000. I guess it is just so easy for people to forget about all the pain.
I stay tuned on the sideline for now and it is better to watch for an abused bear... |