DISQUS

TIM: Breaking News: UBS Announces $12 Billion Loss, $19 Billion Writedown & Chairman Ospel To Step Down

  • timsykes · 1 year ago
    That bizweek cover was actually for the avian flu, but thats old news, now its just corrupt bankers, much bigger implications
  • spud · 1 year ago
    well the last time the market went down in jan of 2000 it hit bottom almost 3 yrs later in oct of 2002 after all said and done the dow had lost 34% -curent market would have to end up at 9400/9200 to have the same play-that was one sector tied to the banks greed-TECH!
    now all other sectors feed off of housing and post gains after there is a surpus of money generated and consumers feel comfortable to spend$$$$$$$$$$$$
    we seem to be a long way from that unless everyone writes down their losses and balance the books asap-whats the chance?
    the banks are making money off of the spread-spread needs to be even larger-chopper ben needs to go to 0000000000000000%%%%%%%%%%%%
    or we will waffle for awhile and most will lose all their wealth trying to wait out the banks-banks are taking it all back-every last dime they can-god help us-i am not smart enough to play this market-i will watch you tim
  • James Wilcox · 1 year ago
    glad i wasn't invested in that stock! ouch!
  • Oliver · 1 year ago
    im impressed by how calm the markets took this news
  • timsykes · 1 year ago
    Loving the green futures, i know i shouldnt care about the overall market, but in the last few days, i bought some VWELX...holding 11,700 on the Dow (former breakout level) was a major bull sign
  • Dan · 1 year ago
    Tim, what do you think about tma. I am in at 1.18. Where could tma run to today? Thanks Tim
  • Ed · 1 year ago
    I wonder who will be the next one?
  • timsykes · 1 year ago
    i have no idea what TMA is gonna do, your job today is to read back the past 300 posts here so u can learn that 99% of stocks out there are random ass wall street guessing games. avoid. look for trades where you have an advantage
  • Dan · 1 year ago
    Tim do you drive a scooter I think i saw you driving one last week in the city ?
  • timsykes · 1 year ago
    nope, i blog so much i hardly even go outside anymore
  • Farsighted · 1 year ago
    today wasn't a day to be short. Ouch!