Wow.. are you still trading this?
Smoke not all clear yet.. man. Still haven't recover to previous price before the big dump yet.

Good luck with it.

Wow.. are you still trading this?
Smoke not all clear yet.. man. Still haven't recover to previous price before the big dump yet.

Good luck with it.

How do you want your steak? 

a) Well done
b) Medium Rare
c) Rare
d) Raw

I choose (d). 

A:Does anybody know what's going with silver!?

Did anybody here predict it would drop below $30 this month??

That's a huge drop!

B:I would not predict it, but, knowing how desperate the Bankster Crooks are, I would not put anything past them.

As soon as Bernanke announced he was borrowing 400 Billion from us, the taxpayers, to buy long term Treasuries, I knew that it would be used to go short all the global PM markets. Its all paper. In my opinion, it isn't going to work, and in a matter of weeks, PMs will be rocketing forward at even a more rapid pace. When you see $100 dollar drops, you know that the BULL has just been fed. I saw this happen before. Get ready to watch the shorts lose all of OUR money.

y u invest in commodities? did u hav an exit plan before entering? 
whoever told u invest in commodites, pls ask them wat to do now? 

hehe.. we need to ask our in-house commodities sifu, prophetjul  is he selling in yr 2020 too?

Guys, what do you guys think of C or BAC?

Finally ---> AGQ share split, to control the price la, what else...

The split will apply to shareholders of record as of the close of the markets on October 10, 2011, payable after the close of the markets on October 12, 2011. The fund will trade at its post-split price on October 13, 2011. The ticker symbol and CUSIP number for the fund will not change.

The split will decrease the price per share of the fund with a proportionate increase in the number of shares outstanding. For example, for a 2-for-1 split, every pre-split share held by a shareholder will result in the receipt of two post-split shares, which will be priced at half of the net asset value (“NAV”) of a pre-split share.

SOS : http://etfdailynews.com/2011/09/28/proshar...gq-srs-ycs-sdp/

213 very nice selling price 

Now only trading at 111

More than half gone 

Steve Jobs has passed away. May he RIP. What will happen to Apple now?

So, what's the story on this one?  All the accounting issues cleared at SVM?

Btw, anyone here looking at NFLX?  Oh man.. this is taken to the slaughterhouse. 

Would touch financials with a 20 foot pole at the mo.........

Prophet:
Agree with you. The financials still got no love despite the rally from SP 1075.
Most likely it is because of Europe. It is the most sector hated now.

I'm watching for commodities like miners and oil to rally up. Oil seems to be moving first.
The copper, gold and silver miners have yet to make their move.

HSBC said it was sticking to its plan to cut costs by $2.5 billion to $3.5 billion by the end of 2013, including eliminating 30,000 jobs, and would continue to scale back some businesses in slower growing regions, including Poland. But it also said that its mortgage business in the United States, the former Household International subprime lender, was weighing on the group’s earnings again.

Iain J. Mackay, the finance chief, said in a conference call Wednesday that “there is an increasing number of people who stopped paying us,” forcing HSBC to take further charges for loan losses. HSBC set aside $3.89 billion for bad loans and other risk provisions in the quarter, up from $3.15 billion in the year-earlier period, mainly because of its business in North America.

HSBC started to wind down the U.S. mortgage portfolio about four years ago after billions of dollars in loan losses that forced management to admit the acquisition of Household in 2003 was a mistake. The mortgage book is currently worth about $50 billion. Delinquency rates on the loans — those with missed payments of 360 days or more — were the highest since the last quarter of 2009, Mr. Mackay said.

“Customers realized that if they stop paying, there’s very little we or other banks can do,” Mr. Mackay said. “This is an emerging trend. We monitor it very closely.”
HSBC’s shares fell 5.95 percent in London on Wednesday. They have dropped 22 percent this year, less than those of Deutsche Bank and Barclays, because investors have remained confident about HSBC’s large business in faster-growing regions like China.

LONDON (Reuters) - HSBC gave its starkest warning to date that new regulations might force it to leave Britain and said its U.S. bad debts had jumped as more homeowners stopped payments on their mortgages.

Europe's biggest bank on Wednesday reported a 36 percent fall in third quarter profits as the euro zone debt crisis hit investment bank income, while strains in the U.S. economy saw bad debts there jump by almost $1 billion, the first rise in two years.

Eurozone debt crisis: HSBC reveal 23% slide in earnings from investment banking


HSBC underlined the impact of the eurozone debt crisis today after revealing a 23% slide in earnings from investment banking.

The bank, which employs around 50,000 staff in the UK, said its Global Banking and Markets division saw third-quarter revenues fall to 3.2 billion US dollars (£1.9 billion) from 4.2 billion US dollars (£2.6 billion) a year ago as uncertainty on the continent took hold.

The group, which has slashed its headcount by 5,000 since March, also saw its bad debt charges rise to 3.8 billion US dollars (£2.4 billion), from 3.1 billion US dollars (£1.9 billion) a year ago, due to worsening housing market conditions in the US.
HSBC, which reported a 34% drop in underlying group profits in the three months to September 30 to 3 billion US dollars (£1.8 billion), said it faced a challenging outlook as problems in developed markets hit growth rates around the world.

The bank joins a long list of financial firms hit by turbulence in the markets, triggered by uncertainty in Europe, including Barclays, Royal Bank of Scotland, Goldman Sachs and JP Morgan.

I'm betting more south side move this week than north side.

What's your bet? 

---

Added on November 11, 2011, 8:48 am

Yes.. I know. But, the US banks aren't hemorrhaging cash anymore but their earnings aren't used to be.
It may take some years for them to go back to the previous valuation.

BAC, C, etc.. Even JPM, one of the strongest got smacked down pretty bad.