Wall Street Manna

An irreverent look at Wall Street

Tuesday, September 22, 2009

The bull market web

M&A is making a comeback.
So are IPOs and secondaries.
Banks are unwinding their CDOs.
The public is looking to buy stocks again.
Ships in ports are being stacked higher.

And speaking of ships, look at the cruise industry. CCL nudged guidance higher and the stock is almost up 5.5%.

The bears thought they could squash this market, but now they are caught in Spiderman's web.

And now, even The Lizard is it's friend!


At September 22, 2009 at 4:58 PM , Anonymous Anonymous said...

Speaking of ships, you think PRGN is done with their offering? It looks like it wants to break out soon!

At September 22, 2009 at 6:06 PM , Anonymous CK said...

I haven't been able to find anything about AIG and getting paid back on the swaps? Something is up with that...look at MBIA's Oct call volume today. Even ABK was pushing.

I wonder if the lawsuits AGO and ABK brought against the banks claiming fraud on the underlying collateral on the CDS is looking more and more like they can win.

At September 22, 2009 at 7:04 PM , Blogger Palmoni said...

It looks that way. I think pressure on AIG was when Cramer recommended that they should have a secondary of 20 million shares.

I was told that same point during the Seminole/Hurricane game


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