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By Michael Pento, greenfaucet.com

We learned on February 27th of the Treasury's plan to convert up to $25 billion of their $45 billion preferred Citigroup (NYSE: C) shares to common equity. According to the company, the existing shareholders would be diluted by 74%. Thus, the taxpayers will cease collecting dividends on their holdings and they'll slide down the capital structure in Citigroup to the lowest rung on the ladder. Ostensibly, it looks like a good deal for the bank and not such a great deal for the government/taxpayer.

So why would the government allow such a deal to occur? The answer is to gain more control over Citigroup (with other major banks next in line) in order to garner complete control over ...

By Bob Lang, greenfaucet.com

Living in a World of Lower Prices

This bear market has made swipes everywhere. Make no mistake, everyone has been touched. Even the most ardent bears who may have changed stripes recently have been made to look silly with their early bull calls. It is said that EVERYONE loses in a bear market. While this eventually makes some sense (the bears will always stay too long and get burned at the turn), this particular downturn is quite extraordinary. Not unlike the features present during the Great Depression, this market continues to nosedive. Where/when is it going to end?

Technicals Favor Continued 90's Company

We've seen markets swoon down to levels ...

By Jim Farrish, greenfaucet.com

President Obama is swinging a big axe at capitalism, or so that is the perception on Wall Street. The reality is stocks have fallen more than 20% since he rolled out his Stimulus Package, TALF Banking Bailout and Proposed Budget of $3.6 trillion. For whatever reason and for whomever is to blame, the fact is the market continues to decline on a lack of confidence and perception of a war on capitalism. My question is does this create an opportunity or not?

Let's start with the healthcare sector which took a 25% haircut after the announced budget and nationalization of healthcare services. HMOs (service providers) were the hardest hit by the cuts in Medicare payments. But, digging ...

Famed market commentator James 'Rev Shark' DePorre, provides weekly insight on where he thinks the markets are going and how to navigate through the financial seas. In this episode, Rev discusses the lack of plausible banking solutions and how it is pulling down the market. Rev also talks extensively about current market sentiment...

Listen to the short clip here: