Wednesday, November 30, 2011

Blood Sucking Bankers Will Not Stop

Coordinated action from the world's Central Banks to inject liquidity into the European financial system may spark a global stock-market rally, but it won't solve the underlying issues plaguing the European economy such as a political unwillingness to carry out tough reform policies, experts say.-Experts: Central Bank Move Doesn't Solve Core Problems, May Fuel Inflation

Bank of America Corp, Goldman Sachs Group Inc. and Citigroup Inc. had long-term credit grades reduced to A- from A by Standard & Poor’s after the ratings firm revised criteria for dozens of the world’s biggest lenders.-S&P Downgrades Goldman, Citi, Other Big Banks

Don’t be foolish, today is a gift that will not last. You had China Slash Reserves Requirements, then central banks around the world made a coordinated move to address pressures in global money markets and lastly you had ADP come in better than expected. The first two positive events are only a band aid.-SELL SELL SELL The Financials

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