Fuck it. Privately, I’ve concluded that [[WM]] would go to zero, a long time ago. I’m gonna go out on a limb and say WM will be insolvent by year end, unless they get “bailed out” or bought out.
Their credit rating is now BBB, one notch above junk. More than 50% of their loan portfolio is in California. You cannot be in a worse position that “Wamu,” unless you are [[ABK]] or [[MBI]].
With the stock down more than 50% in a month, despite Cramer suggesting the shares could go “straight up,” thanks to Fed rate cuts, it is my belief that the wagons are being circled and there is some significant piece of negative news, yet to be announced.
Stay tuned.
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you monkey stomped ryan in the tourney.
where is the donkey that put half his money in WaMoo above $15???
WM is for asshats…and really, really stupid people.
It would seem right that we hit 30 on the Vix today. Should coincide with Jan lows.
I think homies (KBH is my baby) are going to do great soon, they are holding their own.
Dino – maybe there is employment for you – WM needs the sheets cleaned, the mattresses aired, get all the brown stuff out – it seems to have shit the bed.
Steve – how was that dip you bought, dipshit? Now go pick your tiny nuts off the floor – no not the fucking rat turds – I said get the little ones first – douchebag.
Any ass clown gives me ana nonymous thumbs dum, your thumb will attach itself, involuntarily, to the deepest crevices of your rectum, douchebags.
update.. Finally, a big booyaah to Jimmy Jimbo the Magic Flying Baboon. Good fucking call on CRM, hell of a five dollar fuck you to your loyal fans in a short three days. Benioff is a great CEO, you are right. Now get your face out of that ass and wipe it down, you got a tv show to be on. Floss the teeth also, fuckhole.
Closed out my three ultra ETFs for a staggering loss. Fuck you market.
I was stopped out, shit-drizzle.
You always everything, after the fucking move, ball-less rat. Try calling shit before it happens.
I’ve got a serious question:
If WM goes away does that mean the mortgages on the 15 properties I bought in mid 2005 with zero down get forgiven?
Thanks in advance!
-JBOD
Yea Joe, just flush a couple of cememnt bags down the water closet before you mail in the keys. And let a couple of people without homes in as a matter of charity. Lots of copper – pennies in them walls.
Short everything, fuckfags! Long way to go on the downside. Shorting has never been so easy. Even The Zombie is making cash in his grave shorting shit!
The Fly is God!
You have selective reading, lover of the cock. I posted I would buy the S&P below 1300 on monday and when it happened I did.
WaMu will probably get bought out – they have a huge number$$ of deposits and could look attractive for a bank looking for some east coast exposure since WM has blown up out here the last few years. Wells Fargo? Maybe some other bank thats big in the Midwest that can get some West and East coast action
The only cock I love is my own, ratturdsfornuts. The s and p is at 1283. Good trade.
Thanks, asshole.
Who here plans to (at least partially) cover their index shorts at January’s intraday lows? Anyone else think that dipshit dip buyers will be out in force at those levels? Vix looks to hit 30. Looks as if we might retest those levels
I don’t believe the Feds will let WM go kaput. They have too large of the mortgage market and if they are gone there would only be BAC and WFC left(on a national basis) from what I can tell.
Some donkey broker I used to date lost millions of her client’s money in WAMU. She had all of her conservative retirees in it for the dividend. It’s sad how people can be in charge of so much money and not see the clear signs ahead.
Don’t even cover, WSL. Q’s heading to 37 on capitulation in the next two weeks. Then cover and go way long.
Capitulation ongoing in BX?
Thanks Zombie. God willing, the asshat bottom feeders who stepped in over the past half hour will get crushed by the closing bell. Die already, please!!
My point of view may differ from the other’s, but anyway I have may things to say on this subject. First, everything here is true. Second, check the information first, then comment it