Quote:
Originally Posted by Claeren
^ After they used up the first $85 Billion in what, less than 10 days?
We are no where near bottom people. Even if it is slows in its plummiting, it is not going up anytime soon either. Count on YEARS (hopefully not decades) before we see any upward movement beyond simple volatility. (Not to say good traders cannot make money by playing that volatility.)
I get the impression Bank of America has also bitten off more than they can chew.
And virtually all of the financial companies are diluting their shares with massive new share offerings. You can't issue Billions in new shares without diluting the value of all of the existing shares.
Claeren.
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I don't think that they "used up" the 85 million. I do agree that you can't issue new shares without diluting the others, but this is not a sign of the end of the world as we know it either!