Speakeasy Posted August 10, 2007 Report Share Posted August 10, 2007 " Countrywide's Mozilo Says Fed Action `May Change Everything' " Reads the blooming headline. I bet he's talking truthfully about one specific thing. There seems to be a raging battle line now among Pigmen, "a rate cut or death" one side screams while Benwa stays relatively steady in saying no, so far. What difference would it make, say 100bp cut? Would it allow all the bagholders to devalue their holdings less than they will now have to. What difference would that make if true? Enquiring minds from dogpatch wanna know. Link to comment Share on other sites More sharing options...
DrStool Posted August 10, 2007 Report Share Posted August 10, 2007 My read is that they are telling us that they are prepared for the crash and that you should be too. Link to comment Share on other sites More sharing options...
elh Posted August 10, 2007 Report Share Posted August 10, 2007 My read is that they are telling us that they are prepared for the crash and that you should be too. 598653[/snapback] "They" = Ben & the other six 'tards or "They" = the charts. I hope it's the latter, as I have no confidence in the former. Link to comment Share on other sites More sharing options...
Bungster Posted August 10, 2007 Report Share Posted August 10, 2007 Seriously people, scalping this thing is gonna be a bitch. The pinball action on tons of small stocks is just dizzying. I'll post a few here. Advice? - Time. - Limit Risk. - Do it when you're most scared to go short. Best. 598648[/snapback] Agreed. Here's another one... Link to comment Share on other sites More sharing options...
I_Am_Madness Posted August 10, 2007 Report Share Posted August 10, 2007 My read is that they are telling us that they are prepared for the crash and that you should be too. 598653[/snapback] Has it been tested live? No way i'll let a black box man my account. Link to comment Share on other sites More sharing options...
elh Posted August 10, 2007 Report Share Posted August 10, 2007 Riceback paints a very ominous picture that's repeated over and over these past few weeks. Crooks are straining this thing to prop the market. But you know what they say, at some point dere ain't no rubber left in dem tires. Link to comment Share on other sites More sharing options...
Slappy Posted August 10, 2007 Report Share Posted August 10, 2007 My read is that they are telling us that they are prepared for the crash and that you should be too. 598653[/snapback] Sounds about right. I still think we get a monster assblast next week because the pigmen do not want to payoff on all of the InTheMoney putz that have accumulated over the past few weeks. After that, bombs away! Link to comment Share on other sites More sharing options...
LeeWhee Posted August 10, 2007 Author Report Share Posted August 10, 2007 Regarding that 1380s target, here's another little rhyme for ya. The first SPX leg down was 129 pts. If the tag of 1504 was the start of another leg down, a equivalent match would be 1375. Pretty close to the 1380s. Link to comment Share on other sites More sharing options...
Ageka Posted August 10, 2007 Report Share Posted August 10, 2007 Today after euro closing time I asked my bankmachine all the money I could get well the effing thing gave me 1240 euro on two bankcards and said I was not allowed to ask for more notwitstanding I got like 50 000 on a sight account My bank is going to be sorry on monday I am really fed up not being able to get my cash I tried to pay for a computer 2000 euro last week and the two cards refused Link to comment Share on other sites More sharing options...
Jetlag Posted August 10, 2007 Report Share Posted August 10, 2007 Gloomberg TV is showing the SPX close at 1447.17 !!? very weird. Link to comment Share on other sites More sharing options...
Private Skidmark Posted August 10, 2007 Report Share Posted August 10, 2007 I had a client who was having $20k cash bail posted for her this week by a bondsman. The bondsman received a $20k cashier's check and took it to his bank on Monday to get cash to take to the jail. His bank, Wells Fargo, I think, told him to come back on Wednesday for the cash. Don't know if this is unusual. Link to comment Share on other sites More sharing options...
Yaryman Posted August 10, 2007 Report Share Posted August 10, 2007 How in the world do you look at that chart and think we need an emergency rate cut just three days after a Fed meeting? Link to comment Share on other sites More sharing options...
Speakeasy Posted August 10, 2007 Report Share Posted August 10, 2007 I don't think it is normal. Cashier's check used to mean something. I bet Doc is correct, and the orgy of FCB money splashing into markets the last few days, is pushing on a string. Where did it go? Hundreds of Billions around the world. One for the books. Link to comment Share on other sites More sharing options...
DrStool Posted August 10, 2007 Report Share Posted August 10, 2007 My read is that they are telling us that they are prepared for the crash and that you should be too. 598653[/snapback] "They" = Ben & the other six 'tards or "They" = the charts. I hope it's the latter, as I have no confidence in the former. 598655[/snapback] I was referring to the email from my broker. Link to comment Share on other sites More sharing options...
Jimi Posted August 10, 2007 Report Share Posted August 10, 2007 How in the world do you look at that chart and think we need an emergency rate cut just three days after a Fed meeting? 598665[/snapback] You heartless bastard.... Because somewhere out there on Wall Street, there's a fund manager not shoulder-high in hookers & booze this weekend. It's just not right that any one of them should have a bad day. Link to comment Share on other sites More sharing options...
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