NYT:4 Big Banks Score Perfect 61-Day Run

[edhopper]

http://www.nytimes.com/2010/05/12/business/12bank.html?scp=1&sq=banks%2061%20days&st=Search

"It is the Wall Street equivalent of a perfect game of baseball — 27 up, 27 down, the final score measured in millions of dollars a day.
Related
Despite the running unease in world markets, four giants of American finance managed to make money from trading every single day during the first three months of the year."

How is this not further evidence that the Markets are being completely manipulated?

[AndyA]

1. Break them up.

Enough is enough!

[edhopper]

2. That would take a Government

that they don't control. Sadly we don't have that.

[lunatica]

3. They're making a killing in foreclosures too

Foreclosures spike 7% in the first quarter of 2010

http://money.cnn.com/2010/04/15/real_estate/new_foreclosure_spike/index.htm

(snip)
Foreclosures started off the first quarter with modest gains but spiked in March to a record 367,000 filings. Plus, nearly 258,000 of those filings were for bank repossessions, the highest quarterly total RealtyTrac has ever reported.

"It looks like the log jam is finally breaking up," said Rick Sharga, a RealtyTrac spokesman. "A lot of foreclosures had come into the process and then just stopped."

State by state

Nevada continued to dominate the foreclosure rankings, with one in ever 33 homes receding a filing during the quarter. This is the state's 13th consecutive quarters in the top spot.

Arizona had one for every 49 units, Florida one for every 57 and California one for every 62. The Golden State, by far the nation's most populous, had a total of more than 216,000 filings, more than any other state and 23% of the nation's total foreclosure activity.

Other poor performers included Utah, where the foreclosure rate jumped 75%, Michigan and Georgia.

The least affected states included Vermont (one in 8,932), West Virginia (one in 4,010) and North Dakota (one in 2,161).

[Lorien]

4. If you haven't moved your money

DO IT NOW!!

[edhopper]

5. Why?

I mean do we know if they are going to manipulate the market up, or have it crash?
If they keep it going, then you would make $ with them.
Since the fundamentals don't mean anything. How would you know which way to invest?
And given interest rates, how do you get a return and not be in the market?