Guest Posted June 23, 2003 Report Share Posted June 23, 2003 From Yahoo/Reuters -- "The experts and money managers say Fannie Mae's assets -- when shown at fair value -- suffered a loss of billions of dollars last year from a drop in interest rates, but accounting rules allowed the company to keep such losses off its income statement, The Times reported." Link -- Critics pore over Fannie Mae profits -NY Times Interesting. Link to comment Share on other sites More sharing options...
Charliss Posted June 23, 2003 Report Share Posted June 23, 2003 whoa! crapvision reporting about some UBS / Gallup survey of investor optimism - rose to 77 in June from 42 in May! Good morning. The reaction to the market I get from the people I talk to is- "Well, it has to go back up, right?" This is an automatic assumption, as though it were a universal principle. Acceptance of propaganda, based on psychological or spiritual need, replaces critical thinking... Link to comment Share on other sites More sharing options...
Bearman Posted June 23, 2003 Report Share Posted June 23, 2003 A worse fear..... sitting on all those bull mk profits and the Fed does ZIP EOQ DUMP Link to comment Share on other sites More sharing options...
BeerMarket Posted June 23, 2003 Report Share Posted June 23, 2003 YA Did U hear what # was in 1999 2000? 177!!!!!! room left to go up-up! well, the data's probably a few days old, so we may have broken 100 already. IDPH and BGEN both up, maybe there's another bounce left in the bios? With all the warnings this morning, money may need to go into companies without any earnings. More importantly, Bush is talking at a biotech convention today and the new FDA chief is making more noise about easier approvals (see Xolair for an example). Still looks to me like some see easy approvals as just another way to boost the stock market. good news for IGEN - not a lot of money yet, but further acceptance of their bio-defense technology: IGEN Receives $23 Million Multiple Year Contract With the Department of Defense Link to comment Share on other sites More sharing options...
DrStool Posted June 23, 2003 Report Share Posted June 23, 2003 Anals pre market update Link to comment Share on other sites More sharing options...
BeerMarket Posted June 23, 2003 Report Share Posted June 23, 2003 Good morning. The reaction to the market I get from the people I talk to is- "Well, it has to go back up, right?" This is an automatic assumption, as though it were a universal principle. Acceptance of propaganda, based on psychological or spiritual need, replaces critical thinking... good morning charliss. I've already heard from people making "Crapvision trades" - last week the CEO of a small company cancelled an appearance, and some traders were angry he would do such a thing, especially after they had bought in anticipation. Seems there are a lot of people who still think the way the market worked in the late 90s is normal, and it's just a matter of time before we return to that. Link to comment Share on other sites More sharing options...
Bearman Posted June 23, 2003 Report Share Posted June 23, 2003 FRE is a soft spot Link to comment Share on other sites More sharing options...
thesun Posted June 23, 2003 Report Share Posted June 23, 2003 From Yahoo/Reuters -- "The experts and money managers say Fannie Mae's assets -- when shown at fair value -- suffered a loss of billions of dollars last year from a drop in interest rates, but accounting rules allowed the company to keep such losses off its income statement, The Times reported." Link -- <a href="http://biz.yahoo.com/rf/030623/financial_fanniemae_report_1.html">Critics pore over Fannie Mae profits -NY Times</a> Interesting. this is from the article: "in part because of its accounting for derivatives, contracts that hedge against changes such as interest rate swings" this is what it really means: FRE broke the LAW by replace the FED as the player to lower long term interest rate of the 10 year bond. So, they got derivatives to protect their ASS. And loss their ASS on the derivate play. FRE is really bankrupted. That sunday night a few weeks back the FED came in and saved FRE. Little did they know they STARTED a wave of everybody buying the 10 year bonds and that the derivate play cost them billions. This is the nice side of this event. History may or not give us the darker side. Time will tell Link to comment Share on other sites More sharing options...
Bearman Posted June 23, 2003 Report Share Posted June 23, 2003 anybody else seeing $2 tics in FMN FRE? Link to comment Share on other sites More sharing options...
Guest Posted June 23, 2003 Report Share Posted June 23, 2003 AZO falling out of bed and taking FNM with it. Link to comment Share on other sites More sharing options...
Bearman Posted June 23, 2003 Report Share Posted June 23, 2003 From Yahoo/Reuters -- "The experts and money managers say Fannie Mae's assets -- when shown at fair value -- suffered a loss of billions of dollars last year from a drop in interest rates, but accounting rules allowed the company to keep such losses off its income statement, The Times reported." Link -- <a href="http://biz.yahoo.com/rf/030623/financial_fanniemae_report_1.html">Critics pore over Fannie Mae profits -NY Times</a> Interesting. this is from the article: "in part because of its accounting for derivatives, contracts that hedge against changes such as interest rate swings" this is what it really means: FRE broke the LAW by replace the FED as the player to lower long term interest rate of the 10 year bond. So, they got derivatives to protect their ASS. And loss their ASS on the derivate play. FRE is really bankrupted. That sunday night a few weeks back the FED came in and saved FRE. Little did they know they STARTED a wave of everybody buying the 10 year bonds and that the derivate play cost them billions. This is the nice side of this event. History may or not give us the darker side. Time will tell POWERFULL STUFF Link to comment Share on other sites More sharing options...
thesun Posted June 23, 2003 Report Share Posted June 23, 2003 gang of 22 are transfering share on amat, klac, lrcx and nvls between them. Every one knows that share of companies that are shipping more than they are booking MUST go up in price, per the gang of 22. Link to comment Share on other sites More sharing options...
Bearman Posted June 23, 2003 Report Share Posted June 23, 2003 Would a 40% cut in rates be perceived as a panic move by the mk? FRE FNM is a Big DEAL YES NO ? Link to comment Share on other sites More sharing options...
FeedFool Posted June 23, 2003 Report Share Posted June 23, 2003 Nasty wedge??? Link to comment Share on other sites More sharing options...
seamus Posted June 23, 2003 Report Share Posted June 23, 2003 $5.25b in 3d repos Link to comment Share on other sites More sharing options...
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