An Ant Posted March 17, 2008 Report Share Posted March 17, 2008 Why does Fed need to help JPM to buy BSC for less than 240 MM ? Even some ex Wall Street CEO might have that much in checking account. Link to comment Share on other sites More sharing options...
An Ant Posted March 17, 2008 Report Share Posted March 17, 2008 I'm perversely jealous of our Asian and European friends. I'm worried that my position will be down big time when the market opens--that it'll all be green by morning. 651962[/snapback] Just imagine those who are holding inverse or double inverse mutual funds. Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 17, 2008 Report Share Posted March 17, 2008 I swore I heard the same thing too. Yet no further followup.? When it rains it pours! Wonder who get to walk out with these: 651977[/snapback] Carlyle liquidation link. Link to comment Share on other sites More sharing options...
stevieo Posted March 17, 2008 Report Share Posted March 17, 2008 Just imagine those who are holding inverse or double inverse mutual funds. 651995[/snapback] No need to imagine. Sold half my QID on Friday, and will probably sell the other half today. Link to comment Share on other sites More sharing options...
kiwibear Posted March 17, 2008 Report Share Posted March 17, 2008 1033.3 651951[/snapback] estimate of S&P at week's end? Link to comment Share on other sites More sharing options...
linrom Posted March 17, 2008 Report Share Posted March 17, 2008 Carlyle liquidation link. 651996[/snapback] Caryle Capital, not the same thing as Caryle Group. Link to comment Share on other sites More sharing options...
Bungster Posted March 17, 2008 Report Share Posted March 17, 2008 Don't TAZ me Bro....... Link to comment Share on other sites More sharing options...
linrom Posted March 17, 2008 Report Share Posted March 17, 2008 Almost a record number on another message board; they must be busy trading ES all night long. CME is probably one of those financial companies that will also trade at $2 sometime in the future. It certainly won't help if politicians attempt to put in curbs on derivative trading, especially one as volatile as index futures. Link to comment Share on other sites More sharing options...
Dr.Correll Posted March 17, 2008 Report Share Posted March 17, 2008 May have been a stupid play bought i bought some Nova Gold (NG) on thursday with a tight stop seeing if it would continue in the sideways action. im Leary to be holding anything this week. I was curious would it be smart to hold on to some of these gold exploration companys? i thought maybe i could get some sort of bounce off that trend line from the Dec bottom.... Link to comment Share on other sites More sharing options...
shorty Posted March 17, 2008 Report Share Posted March 17, 2008 "JPMorgan Chase stands behind Bear Stearns" literally now bend over! thanks, here's yer two bucks! Link to comment Share on other sites More sharing options...
ChicagoBear Posted March 17, 2008 Report Share Posted March 17, 2008 "JPMorgan Chase stands behind Bear Stearns" literally? now bend over!? thanks, here's yer two bucks! ? ? 652008[/snapback] Snippets (highlights are mine): The U.S. Federal Reserve will provide financing for the transaction, including support for as much as $30 billion of Bear Stearns's ``less-liquid assets.'' ``This is a serious crisis,'' said David Goldman, portfolio strategist at Asteri Capital. ``For Bear's stock price to go to effectively zero, contrary to market expectations, even at the close on Friday, tells us that something is systemically very wrong and we're at a very dangerous moment.'' JPMorgan Chief Financial Officer Mike Cavanagh said on a conference call after the sale was announced that the bank was comfortable with the values Bear Stearns had assigned to the mortgage-related assets on its books. Asked to explain why JPMorgan was paying about $2 a share for a company with a book value of $84 a share, Cavanagh said the price reflected the risk the firm was taking. Bear Stains was toast. If you believe that they would not have done this deal without ensuring that JPM could swallow it, then it implies JPM was in good financial shape and expects this move to make it stronger. I've had the crosshairs on JPM for a while and have been proven wrong each time. This transaction actually makes me think they might be better off than I thought. But alas, I am an ignorant SOB. I think they're full of it. JPM will be a trophy in the short-selling hall-of-shame. Their time will come. Patience - grasshoper. Link to comment Share on other sites More sharing options...
shorty Posted March 17, 2008 Report Share Posted March 17, 2008 in '87 the 30yr yield peaked at 10%, T-bills 6%, Fed was jacking rates now 30yr near 4.2%, 10yr 3.3%, T-bills 1.1%, Fed is gonna chop more lower dollar is good for U.S. multinational stocks like Big Blew, etc. likely we're gonna morph into a Weimar run here wndy vindication Link to comment Share on other sites More sharing options...
ChicagoBear Posted March 17, 2008 Report Share Posted March 17, 2008 Wow - I am amazed! The world markets are crashing and heading towards the US in a few hours, and Stoolies are sleeping (except for Shorty). I guess I could use the sleep too, but it's not everyday that my long gold and short dollar positions pop for 6 figures before the market even opens. Not trying to brag - just share a celebration. Maybe I need to splurge and go get a few sliders from the White Castle. Link to comment Share on other sites More sharing options...
stevieo Posted March 17, 2008 Report Share Posted March 17, 2008 Crappy dollar is bad for the trade deficate. Means higher earl. Link to comment Share on other sites More sharing options...
shorty Posted March 17, 2008 Report Share Posted March 17, 2008 Wow - I am amazed! The world markets are crashing and heading towards the US in a few hours, and Stoolies are sleeping (except for Shorty). I guess I could use the sleep too, but it's not everyday that my long gold and short dollar positions pop for 6 figures before the market even opens. Not trying to brag - just share a celebration. Maybe I need to splurge and go get a few sliders from the White Castle. 652014[/snapback] gonna take any partial short-term profits here then reamenter on the reamtracements? or let 'er all ride? Link to comment Share on other sites More sharing options...
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