wndysrf Posted April 23, 2003 Report Share Posted April 23, 2003 Doug Noland's Credit Apocalypse is proceeding in real time. HedgeFunds blowing up everywhere. Alan Newman is currently hacking up blood. Stephen Roach and Roger Arnold are shocked and bewildered. Bob Hans Hans Hans Hans Brinker is drinking Martini's. Krudlow and Kramer are laughing all the way to the bank. Oh, the Horror...... Take it away, stoolies.... Link to comment Share on other sites More sharing options...
TheDeepBlueSea Posted April 23, 2003 Report Share Posted April 23, 2003 Doug Noland's Credit Apocalypse is proceeding in real time.... HedgeFunds blowing up everywhere. Do you have a link to 1. the current state of the credit apocalypse and 2. info regarding this blow-up? Thanks in advance. Link to comment Share on other sites More sharing options...
Mr. Beal Posted April 23, 2003 Report Share Posted April 23, 2003 Nasdaq scratching and biting of the NYSE is amusing. As if their market makers are above reproach. What a joke. Wndy, any word from BD? Link to comment Share on other sites More sharing options...
wndysrf Posted April 23, 2003 Author Report Share Posted April 23, 2003 Deep: Check out the price action on the key risk players: JPM, C, AIG, RE, MBI, ABK, etc. Most HedgeHogs have been short these stocks to hedge against credit insurance portfolios. Check out the Credit Bubble Originators: COF, KRB, CFC, FNM, FRE, NCEN, etc. The Al Green fix is in. Reflate or die. Consumer defaults are now impossible in credit land, thanks to Al Green. Now credit card and mortgage companies can underwrite anything they want with no restriction. Check out homebuilders like CTX. Off to the moon, no end in sight. Bubble to the max........ Oh, one other guy living the nightmare in real time: HYPERTIGER. Where are you?? Link to comment Share on other sites More sharing options...
On The Beach Posted April 23, 2003 Report Share Posted April 23, 2003 OVER apparently going under... Link to comment Share on other sites More sharing options...
Tchaikofsky Posted April 23, 2003 Report Share Posted April 23, 2003 Couple of haircuts happening AH: OVER, 16.48 to 12.07 SYMC, 42.85 to 40.50 VRTS, 20.28 to 19.70 Link to comment Share on other sites More sharing options...
brian4 Posted April 23, 2003 Report Share Posted April 23, 2003 Not just a haircut the market fell off a cliff after the close check out the island top 100-red I love RED!-BWHAHAHAHA! Link to comment Share on other sites More sharing options...
anjing bau Posted April 23, 2003 Report Share Posted April 23, 2003 Deep: Check out the price action on the key risk players: JPM, C, AIG, RE, MBI, ABK, etc. Most HedgeHogs have been short these stocks to hedge against credit insurance portfolios. Check out the Credit Bubble Originators: COF, KRB, CFC, FNM, FRE, NCEN, etc. The Al Green fix is in. Reflate or die. Consumer defaults are now impossible in credit land, thanks to Al Green. Now credit card and mortgage companies can underwrite anything they want with no restriction. Check out homebuilders like CTX. Off to the moon, no end in sight. Bubble to the max........ Oh, one other guy living the nightmare in real time: HYPERTIGER. Where are you?? hey slick...... all your CFC NCEN etc may be topping here. Not yet confirmed...candlestick evening stars not yet completed.... That was a penalty for taunting against hyper.... whatever his POV Link to comment Share on other sites More sharing options...
realist Posted April 23, 2003 Report Share Posted April 23, 2003 Came within a second of clicking the "cover 50%" button this afternoon. 920 just couldn't do so I continue to get slammed a while longer I suppose. Didn't move on the proceeds from the gold trades today. I decided to hedge with June QQQ 28 Calls to soften the blow if the agents decide to take it much higher. This thing is so overbot is really isn't even funny anymore. Notice how the VIX tanked right into the close? The only fear priced into the market is that of missing Uncle AL's orgasmic repo blast from hell! Link to comment Share on other sites More sharing options...
On The Beach Posted April 23, 2003 Report Share Posted April 23, 2003 Bought 2000shs of OVER @ 11.83...and sold to the highest bidder. 2000 AH BETA action. Link to comment Share on other sites More sharing options...
The End Posted April 23, 2003 Report Share Posted April 23, 2003 I'll give this market to 925 to come together and fall apart. :grin: A couple of things I don't like. The A/D line was good today Gold went down but, the doolar went nowhere. For now, I will keep the count. If we close Up tomorrow, I will have to reevaluate. I closed some longs (spx) at 918 and went short with june contracts at that price. This is NOT investment advice. You lose your money not mine. I know how to do that all by myself. Link to comment Share on other sites More sharing options...
Yanevano Posted April 23, 2003 Report Share Posted April 23, 2003 Greenspan Says He Would Take 5th Term By MARTIN CRUTSINGER The Associated Press Wednesday, April 23, 2003; 4:14 PM WASHINGTON - Alan Greenspan, expressing appreciation for President Bush's confidence, said Wednesday he would accept a fifth term as chairman of the Federal Reserve. In a brief statement, Greenspan, who is now in his 16th year as head of the nation's central bank, said he would accept a nomination for another four-year term. Bush in a surprise announcement on Tuesday had said he planned to nominate Greenspan for a new term when his current one expires next year. "If President Bush nominates me and the Senate confirms his choice, I would have every intention of serving," Greenspan said Wednesday. ? 2003 The Associated Press Andrea can't be stuck with an umemployed has-been old guy and he knows it so he has to keep the viagra goin in his career and possibly elsewhere. Link to comment Share on other sites More sharing options...
TheMotleyStool Posted April 23, 2003 Report Share Posted April 23, 2003 http://www.moviesoundscentral.com/sounds/tailpipe.wav Link to comment Share on other sites More sharing options...
Guest Posted April 23, 2003 Report Share Posted April 23, 2003 [ Oh, one other guy living the nightmare in real time: HYPERTIGER. ] Mark -- Hyper has it right. There is no way to deflate the credit bubble. It has to keep growing otherwise the roof falls in. I don't know what the limits are or when it will happen. I'm waiting for my new $250,000 line on the new Capital One card with no payments or interest for 10 years. Make no mistake, at this point there will have to be an event to blame the collapse on. No one in Washington or Wall Street wants to be seen responsible when the crash finally arrives. Until then, it's business as usual. Print more money, expand credit and pump the market. Link to comment Share on other sites More sharing options...
The End Posted April 23, 2003 Report Share Posted April 23, 2003 Lets all drop some acid and try to figure out what the NEXT bear market will look like if this is a cyclic bull (which it is NOT) :shocked :shocked :shocked Link to comment Share on other sites More sharing options...
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