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aussiebear

IDS World Markets Mon 6th October 08

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HOLY SHEET

Brazil now down +10% in local currency

Almost 20% down now in USD

696351[/snapback]

BRAZIL BOVESPA SUSPENDS TRADING

696353[/snapback]

 

Wow! They crashed right out of the gate! :o

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Art Cashin on CNBS was sporting a "Dow 10,000" baseball hat. 

Hillarious!

696352[/snapback]

 

The hat was from 1999! Talk about a buy-n-hold anti-thesis

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HOLY SHEET

 

Brazil now down +10% in local currency

 

Almost 20% down now in USD

696351[/snapback]

 

Imagine how many companies were gaming the REAL/USD instead of hedging in the finangler department.

 

Fall Out of this still to come.

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Famous last words:

 

 

Federal Reserve Release

Date: October 3, 2008

For immediate release

 

I applaud the action taken by the Congress. It demonstrates the government's commitment to do what it takes to support and strengthen our economy. The legislation is a critical step toward stabilizing our financial markets and ensuring an uninterrupted flow of credit to households and businesses.

 

The Federal Reserve will continue to work closely with the Treasury as it undertakes these new initiatives. We will continue to use all of the powers at our disposal to mitigate credit market disruptions and to foster a strong, vibrant economy.

 

http://federalreserve.gov/newsevents/press...r/20081003a.htm

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Rimm, AAPL at the weekly 200 day sma here - that MA Kwave likes to use.

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At this rate, I think I may have to bring in my wednesday bottom call in a day or two

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Suds, I think what used to be the VIX is now the VXO - tops were mid 50s to low 60s.

696362[/snapback]

 

You're right. In 98 VXO intraday high was 60.63 and 57.31 after 9/11.

 

Today it spiked to 56.65

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Suds, I think what used to be the VIX is now the VXO - tops were mid 50s to low 60s.

696362[/snapback]

 

When they launched the new VIX they recalfigurated the historical data.

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When they launched the new VIX they recalfigurated the historical data.

696366[/snapback]

Right...to accompany the new, permanent plateau of riskless prosperity.

 

What's that burning smell?

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