SocialPicks Sentiment:
** v.s.
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This Quarter's Sentiment:
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SocialPicks Community
The company is liquid
WM
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Thats the difference between them and AIG, MER and all the rest. They will survive!
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value play
WM
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so many bad news already price in,getting in @2 this is still hold on your hats before new year you will be handsomely rewarded
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WM
WM
WM Washington Mutual responds to Moody's downgrades
WM
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<> <> In response to today's ratings action by Moody's Investor Service, co issues the following statement: "We believe that Moody's decision to reduce the ratings of Washington Mutual to below investment grade is inconsistent with the co's current financial condition, as outlined in the press release we issued earlier this afternoon. The action by Moody's appears to reflect the current uncertainty in the markets, rather than a thorough evaluation of Washington Mutual's business, the strength of its national franchise and the steps it is taking to return to profitability. Moody's rating for Wa< /><>>>>...
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Death spiral?
WM
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This used to be America's largest S & L. Washington Mutual axed their CEO on Monday. Moody's has downgraded their debt to below investment grade. I don't know if this stock is going to zero, but it's definitely going to $2.
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You don't want to bottom fish here
- This is no bottom. This is only the beginning of the correction. The CDS unwind is going to have a major impact and where the damage stops is impossi...
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WM - should be going under shortly.
- Unfortunately these banks are FINISHED for all intents and purposes. My suggestion? Either short this sector on any bounces, or just stay way way awa...
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