How much credence or just cheerleading?

**CountryBoy** · 03-08-2009, 07:27 PM

Not much of a Najarian fan, but

UPDATE: Stocks Could Skyrocket After March 12th

Investors such as Jon Najarian are hopeful that stocks could soar next week. They say we could see an explosion to the upside after a meeting scheduled for March 12th.

On that date, a House financial services subcommittee plans a hearing on mark-to-market accounting rules, which have been blamed for forcing banks to report billions of dollars in write-downs.

Karen Finerman has long been an advocate of putting these rules on hiatus for a while and “letting the banks breathe.”

http://www.cnbc.com/id/29549920

Could this give us a short bounce?

CB

**rawiron1** · 03-08-2009, 08:08 PM

A "bounce"?!? My friend, all the "bounces" between 1930 and 1939 were known as "sucker rallies".

Jason

**CountryBoy** · 03-08-2009, 08:33 PM

Thanks but I'm looking for a short as in a day or 2. Suckers Rally? I've never heard that, can I use that?

CB

**350zCommTech** · 03-08-2009, 09:11 PM

Originally Posted by CountryBoy

Not much of a Najarian fan, but

UPDATE: Stocks Could Skyrocket After March 12th

Investors such as Jon Najarian are hopeful that stocks could soar next week. They say we could see an explosion to the upside after a meeting scheduled for March 12th.

On that date, a House financial services subcommittee plans a hearing on mark-to-market accounting rules, which have been blamed for forcing banks to report billions of dollars in write-downs.

Karen Finerman has long been an advocate of putting these rules on hiatus for a while and “letting the banks breathe.”

http://www.cnbc.com/id/29549920

Could this give us a short bounce?

CB

IMO, yes. I just hope that I'm in the market when this happens, and I hope to be out the next day.

This would be the ultimate buy the rumor sell the news scenario. The MBS/ABS/CDO market is dead. Private capital has left the building. This housing bubble was create by a bunch of liars. Home buyers lied, mortgage brokers lied, banks lied, rating agencies lied, Wall St. lied, Congress lied, etc......

Enron X 1000

This talk of suspending mark-to-market is just BS. They actually want us to believe that they have been using mark-to-market all along.

Transparency my ass.