Friday, April 23, 2010

Bank Levitation.

I've been noticing for a couple of days now that Cascade Bancorp, has been shooting up in price. As of this morning, it's at 1.18 a share, nearly double it's lowest price a few weeks ago. Did they sell out to another bank? Did they raise the financing they wanted?

The Bulletin has this: "There was no company news Thursday."

So if it turns out there was a development, but it wasn't publicly announced, wouldn't that be the epitome of 'inside' knowledge? Just asking.

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The City Council has earmarked a 535,716 boost to the raining day fund.

How nice. How prudent.

How......meaningless.

The money will be spent, when it's spent, no matter where they park it.

Just saying.

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Interesting picture in the Bulletin of President Obama giving his financial address on T.V. to a room of brokers, most of who....are paying absolutely no attention.

Just how it looks.

Goes along with the other headline in the financial section, I suppose: "SEC staffers viewed porn as markets collapsed."

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