B of A is a Short

Bank of America is issuing $19bn of new stock and the stock is up more than 2% on the day. What on earth????? This is so crazy that puts a smile on one's face. A $139 billion market cap insolvent company issues more stock and the market-idiots or manipulators celebrate by increasing the stock price by 2%. This is like a party where blind people are serving the deaf.

This insolvent company no matter what John Paulson says (he lost his main man Pellegrini) will have to fail eventually. Just like people thought there was recovery during the great depression in 1930-1931, people are trying to portray an illusion of recovery. There isn't one. All the data point out to things getting worse and worse. This time though, dollar is losing its supremacy. Plus the system is cracking. This will end up being worse than the Great Depression. Enjoy the ride and buy gold to prepare.