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breaking report hugh_CNN_Bank stress tests: Everybody gets an A!

 
wtf
User ID: 672397
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05/05/2009 02:45 PM
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breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
Bank stress tests: Everybody gets an A!

Even though a majority of the 19 banks that took part in the stress tests might be required to raise more capital, the market is giving them all a gold star. That's silly.


NEW YORK (CNNMoney.com) -- We'll have to wait until Thursday for the official results of the eagerly awaited stress tests on 19 of the nation's largest financial firms.

But amazingly, the more that gets leaked out, the more excited investors get.

Despite reports that anywhere between 10 and 14 of the banks could be forced by the government to raise capital, shares of all the stress-test participants surged Monday. (This does not include General Motors, a minority owner in auto lender GMAC.)

In fact, they didn't just rally -- they exploded. Morgan Stanley (MS, Fortune 500) gained 4.7% and it was the worst performer. Shares of a dozen stress-tested banks soared more than 10%.

Three regional banks widely believed to need more funding -- Birmingham, Ala.-based Regions Financial (RF, Fortune 500), Cincinnati's Fifth Third Bank (FITB, Fortune 500) and SunTrust Financial (STI, Fortune 500) of Atlanta -- each gained more than 25%
Anonymous Coward
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05/05/2009 02:49 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
Yeah lets all jump back in stock market now! Then when we feel really good about it they jerk the rug out from under you. sideways
Anonymous Coward
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05/05/2009 02:49 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
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Anonymous Coward
User ID: 671583
Greece
05/05/2009 02:51 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
A-holes they are indeed. wtf
Anonymous Coward
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05/05/2009 02:51 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
Amerika...assume the position... s226
Anonymous Coward
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05/05/2009 02:52 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
Amerika...assume the position... s226
 Quoting: Anonymous Coward 73794

bump bump bump
Anonymous Coward
User ID: 666276
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05/05/2009 02:53 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
nothing will stop the BULL MARKET!!
Anonymous Coward (OP)
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05/05/2009 02:54 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
we are all good to go now


a ok okey doky now...


thanks obama! thanks fed... thanks bernake!


bank stocks are all up


article did not mention quadrillion dollar derivatives bubble though....


hmmm....wonder why?
<<FOCUS>>

User ID: 660580
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05/05/2009 02:56 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
WTF!!!!!!!!!!!!!!!!!


IS ANYONE ELSE COMPLETELY PISSED ABOUT THIS?
Anonymous Coward
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05/05/2009 02:56 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
nothing will stop the BULL MARKET!!
 Quoting: Anonymous Coward 666276

Key word is BULL...
Anonymous Coward
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05/05/2009 02:57 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
WTF!!!!!!!!!!!!!!!!!


IS ANYONE ELSE COMPLETELY PISSED ABOUT THIS?
 Quoting: <<FOCUS>>

Only those that are shorting the market are shitting their pants about now...lmao
Anonymous Coward
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05/05/2009 03:01 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
WTF!!!!!!!!!!!!!!!!!


IS ANYONE ELSE COMPLETELY PISSED ABOUT THIS?

Only those that are shorting the market are shitting their pants about now...lmao
 Quoting: Anonymous Coward 73794

bump
Anonymous Coward
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05/05/2009 03:06 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
............................................______ __
....................................,.-‘”...................`​`~.,
.............................,.-”............................​.......“-.,
.........................,/..................................​.............”:,
.....................,?........................... ...........................\,
.................../.........................................​......... .........,}
................./...........................................​....... ....,:`^`..}
.............../.............................................​..... .,:”........./
..............?.....__............................ .............:`.........../
............./__.(.....“~-,_..............................,:`​........../
.........../(_....”~,_........“~,_....................,:`....​. ..._/
..........{.._$;_......”=,_.......“-,_.......,.-~-,},.~”;/...​.}
...........((.....*~_.......”=-._......“;,,./`..../”.........​...../
...,,,___.\`~,......“~.,....................`..... }............../
............(....`=-,,.......`........................(......​;_,,-”
............/.`~,......`-...............................\....​../\
.............\`~.*-,.....................................|,./​.....\,__
,,_..........}.>-._\...................................|.....​...... ...`=~-,
.....`=~-,_\_......`\,.................................\
...................`=~-,,.\,...............................\
​
................................`:,,.............. .............`\..............__
.....................................`=-,...................,​%`>--==``
........................................_\........ ..._,-%.......`\
...................................,<`.._|_,-&``.............​...`\
 Quoting: Anonymous Coward 666276

yup.
Tooth and Nail
User ID: 627137
United States
05/05/2009 03:07 PM
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Re: breaking report hugh_CNN_Bank stress tests: Everybody gets an A!
Dow 14k by 4th quarter 09!

Bank on it!
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