DrStool Posted November 30, 2007 Report Share Posted November 30, 2007 The bulls took it to the bears with an in your face open, but the bears kept pushing, pushing, pushing. In the end it was still a victory for the bovines, but they were bloodied. Link to comment Share on other sites More sharing options...
elh Posted November 30, 2007 Report Share Posted November 30, 2007 Dumped some puts over the last few days to reload. This will be fun. I wouldn't be shocked if the ATH gets taken out on the indexes. Link to comment Share on other sites More sharing options...
cwd Posted November 30, 2007 Report Share Posted November 30, 2007 Dumped some puts over the last few days to reload. This will be fun. I wouldn't be shocked if the ATH gets taken out on the indexes. 629383[/snapback] I read Roubini's free stuff. What I have been impressed with is his analysis of the situation. He was on this Ponzi loan stuff about the same time some of the sharper stoolies were. Link to comment Share on other sites More sharing options...
cwd Posted November 30, 2007 Report Share Posted November 30, 2007 The tip of the iceburgh? Friday, November 30, 2007 Montana Fund Withdrawals From MarketWatch: Florida's investment woes spark subprime fears in other states Florida halted withdrawals from a $15 billion local-government fund on Thursday after concerns over losses related to subprime mortgages prompted investors to pull roughly $10 billion out of the fund in recent weeks. Other states are experiencing similar problems on a smaller scale. The Montana Board of Investments, which manages the state's money, has seen $247 million withdrawn by local governments in the past three days from a $2.5 billion money-market-like fund called the Short Term Investment Pool. "We've had some local government withdrawals in the past few days because of reports about Florida's problems," Carroll South, executive director at the Montana Board of Investments, said in an interview on Thursday. Rating agency Standard & Poor's warned last month that it could downgrade a $4.8 billion investment pool run by King County, Wash., because of potential subprime exposures. In addition to potential "bank runs" on these funds, another key concern is if other funds stop investing in asset backed CP - making the credit crunch worse http://calculatedrisk.blogspot.com/ Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted November 30, 2007 Report Share Posted November 30, 2007 The tip of the iceburgh? Friday, November 30, 2007 Montana Fund Withdrawals From MarketWatch: Florida's investment woes spark subprime fears in other states Florida halted withdrawals from a $15 billion local-government fund on Thursday after concerns over losses related to subprime mortgages prompted investors to pull roughly $10 billion out of the fund in recent weeks. Other states are experiencing similar problems on a smaller scale. The Montana Board of Investments, which manages the state's money, has seen $247 million withdrawn by local governments in the past three days from a $2.5 billion money-market-like fund called the Short Term Investment Pool. "We've had some local government withdrawals in the past few days because of reports about Florida's problems," Carroll South, executive director at the Montana Board of Investments, said in an interview on Thursday. Rating agency Standard & Poor's warned last month that it could downgrade a $4.8 billion investment pool run by King County, Wash., because of potential subprime exposures. In addition to potential "bank runs" on these funds, another key concern is if other funds stop investing in asset backed CP - making the credit crunch worse http://calculatedrisk.blogspot.com/ 629388[/snapback] Those shock waves could travel overseas and circle the globe a couple of times. Link to comment Share on other sites More sharing options...
DrStool Posted November 30, 2007 Author Report Share Posted November 30, 2007 Except for tech, I've decided that today was an unqualified victory for the bulls. The last short on the WSE Pro chart pick list hit its trailing stop, so there are no shorts on the list for the first time in a few months. The one long appears poised for an epic upside breakout. Stay tuned for tonight's update in the WSE Pro! Many tanks to the many of you who do subscribe! I sincerely appreciate it, and because of your help and support our subscriber community is steadily growing! Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted November 30, 2007 Report Share Posted November 30, 2007 Been raining in San Diego all day. Storm is out of the south and a warm steady light rain. I can't remember any decent rain in the past six months. Link to comment Share on other sites More sharing options...
bondtrader Posted November 30, 2007 Report Share Posted November 30, 2007 i just want to see if some of the gap gets filled. Link to comment Share on other sites More sharing options...
DrStool Posted November 30, 2007 Author Report Share Posted November 30, 2007 The stories on the FL state run money market fund shut down are not important enough to make the front pages of the local papers in S. FL. They are buried in the State news section. These people have no clue. Link to comment Share on other sites More sharing options...
T_Slim Posted November 30, 2007 Report Share Posted November 30, 2007 Hey Doc, Did you hear about CIBC's $10B subprime exposure today. Wasn't it just a few months ago they were saying, "Our subprime exposure is minimal". These Canadian banks kill me. I hear that Royal Bank's exposure may be the worst. They sure know how to keep things under wraps up here. Link to comment Share on other sites More sharing options...
Mies van der Rump Posted November 30, 2007 Report Share Posted November 30, 2007 Credit Suisse is out pushing a bid list to liquidate a 500 million dollar CDO. They just tried to dump Adams Square a couple weeks ago. Would love to know what the bids on these things are...if any. I can't find if Deutsche even got bids on Carina. Link to comment Share on other sites More sharing options...
potatohead Posted November 30, 2007 Report Share Posted November 30, 2007 *DJ Venezuela Chavez Threatens To Cut Off Oil To US *DJ Venezuela Chavez: PdVSA Could Stop US Oil Shipments Monday *DJ Venezuela Chavez: Military And Workers To Guard Oil Fields Link to comment Share on other sites More sharing options...
MrHanky Posted November 30, 2007 Report Share Posted November 30, 2007 evil kneivel dies at 69 cant post link....on my pda Link to comment Share on other sites More sharing options...
cwd Posted November 30, 2007 Report Share Posted November 30, 2007 Except for tech, I've decided that today was an unqualified victory for the bulls. The last short on the WSE Pro chart pick list hit its trailing stop, so there are no shorts on the list for the first time in a few months. The one long? appears poised for an epic upside breakout. Stay tuned for tonight's update in the WSE Pro! Many tanks to the many of you who do subscribe! I sincerely appreciate it, and because of your help and support our subscriber community is steadily growing! 629390[/snapback] Doc, I have seen the WSE quoted in a couple of different places recently. You are making progress. Link to comment Share on other sites More sharing options...
cwd Posted November 30, 2007 Report Share Posted November 30, 2007 The stories on the FL state run money market fund shut down are not important enough to make the front pages of the local papers in S. FL. They are buried in the State news section. These people have no clue. 629394[/snapback] My guess is the newsmedia has been told to play this down. They don't want to be accused of CRYING FIRE in a theater. Link to comment Share on other sites More sharing options...
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