Bank Stress Tests

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Bank Stress Tests

Post  Finance Fanatic on Thu Apr 23, 2009 9:47 am

Although they dont plan on "publicly" announcing bank stress results until May, banks are being briefed tomorrow. I think there is a big potential for some media slippage in results, which could cause for some big gains for financials. Thoughts?
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Re: Bank Stress Tests

Post  AlpooplA on Thu Apr 23, 2009 12:48 pm

I think gov will put a positive spin on the reports as a whole, and hide/hold horrible news back at all costs, therefore this rally could continue for a while longer.

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Re: Bank Stress Tests

Post  Finance Fanatic on Thu Apr 23, 2009 3:24 pm

There definitely was some PPT/govt intervention at today's close. I think we may be seeing some sort of announcement with financials tomorrow. For this, I have been picking up some longs on the side.
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