A House of Cards

[bvibert]

you're an A hole

I expected no less from this group...

You guys were a little slow to the punch though... :roll:

 

[Moe Ghoul]

It was a bad deal, glad it fell apart. Hope this gives them a chance to come up with something better.

+1. 10 days ago the world was gonna come to an end if they didn't blankcheck Paulson within 48 hours. I just checked, the power is still on, the mailman stopped by, and the sun's still shining. Let Mr. Market do his job and we can collectively suck it up. All the regulations in the world can't stop the financial gang from staying one step ahead of them. Regulation without BROAD, CONSISTENT, PREDICTABLE ENFORCEMENT are just words on paper.

 

[GrilledSteezeSandwich]

I can't play poker to save my life

Businessweek has a little expose on the 20 towns that will be hit hardest by the financial crisis....Interesting mix.

No big surprise..most of them are in the NYC metro area..people think I'm crazy to keep putting money in CDs..my Dad does the same thing as well..sure it's only 4% interest but no risk..and it's fairly liquid..I wouldn't want my savings tied up for three decades..

 

[Moe Ghoul]

Meanwhile, our SEC is negotiating with FASB to shut the toilet lid on mark to market accounting and suspending the forced markdown of "toxic assets". Great. That's the license to continue snowballing this fiasco. Kickin the can down the road again. Good to see the SEC is working in somebody's else's interest as usual. But it's still ok to naked short sell the shit out of unprotected stocks.

 

[andyzee]

My company lost about 20% in stock value yesterday. Got about 18% back today.

 

[dmc]

My company lost a big deal with a bank that got sold...

DAMN.....

 

[Moe Ghoul]

My company lost about 20% in stock value yesterday. Got about 18% back today.

That's good to hear. It just goes to show that this has nothing to do with valuation anymore.

 

[ctenidae]

That's good to hear. It just goes to show that this has nothing to do with valuation anymore.

Been so long since fundamentals ahd anything to do with anything, I'm not sure most people remember what the word means.

 

[cbcbd]

Businessweek has a little expose on the 20 towns that will be hit hardest by the financial crisis....Interesting mix.

From looking at the towns I'm familiar with it looks like most of them have a bunch of rich folks buying lots of expensive real estate... no surprise there - the bigger the stakes the larger the loss.
I'm not really worried for the folks in Darien, honestly.

 

[RootDKJ]

My company lost about 20% in stock value yesterday. Got about 18% back today.

My company stock also went down around 18% yesterday, only gained back 6% today.

 

[Marc]

Been so long since fundamentals ahd anything to do with anything, I'm not sure most people remember what the word means.

*raises hand*

I have a vague idea of the word, after schlepping through Common Stock and Uncommon Profits and The Intelligent Investor. I don't remember much though. Enough to know I didn't want to do it full time, that's for sure. Basically why I fell back on index ETF's, thank God for those gems.

 

[andyzee]

My company lost a big deal with a bank that got sold...

DAMN.....

we probably brought them

 

[dmc]

we probably brought them

haha... maybe you did... Really put a damper on the deal..

 

[2knees]

Businessweek has a little expose on the 20 towns that will be hit hardest by the financial crisis....Interesting mix.

oh wonderful. my town is on that list.

 

[RootDKJ]

oh wonderful. my town is on that list.

So is mine

 

[deadheadskier]

Here's a question for the experienced traders. Why are shares of Washington Mutual still being traded? Chase bought all of it's assets, so it's really just a name now and worth nothing. Curious why it's still even listed.

 

[Moe Ghoul]

Here's a question for the experienced traders. Why are shares of Washington Mutual still being traded? Chase bought all of it's assets, so it's really just a name now and worth nothing. Curious why it's still even listed.

It's not trading, it stopped at .16. 0 volume. Prolly already delisted at this point.

 

[tjf67]

+1. 10 days ago the world was gonna come to an end if they didn't blankcheck Paulson within 48 hours. I just checked, the power is still on, the mailman stopped by, and the sun's still shining. Let Mr. Market do his job and we can collectively suck it up. All the regulations in the world can't stop the financial gang from staying one step ahead of them. Regulation without BROAD, CONSISTENT, PREDICTABLE ENFORCEMENT are just words on paper.

Moe Ghoul you know better than this. If something is not done to free up the credit market things are going to go down a lot further than they need to. Who got the worst credit? Farmers. Do some research there are barges full of fertilizer a sitting in ports cause the farmers can't get the credit they need to have it shipped. what next?
Mr Market while I respect your opinion, don't you make money off of activity. The more the merrier up or down?

Marc EFT while I agree are a great way to go you want to see them at the same value 8 years from now? Well thats what were are looking at if something does not get done.

The dow went up today on hopes of the bailout being put back together. Did nothing for the credit markets.
This is pretty important sheat. I hope people do a little educating on the issue.

 

[Moe Ghoul]

Moe Ghoul you know better than this. If something is not done to free up the credit market things are going to go down a lot further than they need to. Who got the worst credit? Farmers. Do some research there are barges full of fertilizer a sitting in ports cause the farmers can't get the credit they need to have it shipped. what next?
Mr Market while I respect your opinion, don't you make money off of activity. The more the merrier up or down?

Marc EFT while I agree are a great way to go you want to see them at the same value 8 years from now? Well thats what were are looking at if something does not get done.

The dow went up today on hopes of the bailout being put back together. Did nothing for the credit markets.
This is pretty important sheat. I hope people do a little educating on the issue.

Then fund the SBA, Dept. of agriculture, help them directly. I have no objection to helping those that need it. Meanwhile, let the market wreck the garbage and see what emerges. And the credit markets did ease a bit if you watch treasury yields. There's plenty of $$$$ out there, but they don't want to lend to each other. When does this cycle of debt end? You can't fund growth by borrowing and spending. 11.3 trillion national debt and rising.

 

[tjf67]

Then fund the SBA, Dept. of agriculture, help them directly. I have no objection to helping those that need it. Meanwhile, let the market wreck the garbage and see what emerges. And the credit markets did ease a bit if you watch treasury yields. There's plenty of $$$$ out there, but they don't want to lend to each other. When does this cycle of debt end? You can't fund growth by borrowing and spending. 11.3 trillion national debt and rising.

The Fund would be available for lending needs, with stipulation!
It stops right here. This is a necessary evil.
Let the markets wreck the garbage and see what emerges. Geez that sounds great idea. who is the market, traders? So they know whats best?

Yeah no thanks I think we can come up with something better