Ags Nightmare Posted October 14, 2009 Author Report Share Posted October 14, 2009 Crapvision has a DOW 10000 Special Report tonight at 7 EST..... "How we got here"....."what to do next with your money"..... They showed pictures of Dick Grasso frisbeeing hats onto the floor in 1999...and are selling new "DOW 10000 Again" hats.... Link to comment Share on other sites More sharing options...
Trader Joe Posted October 14, 2009 Report Share Posted October 14, 2009 There's a bunch of finance crap that I have been wanting to add Blackstone, Lazard, Jefferies, State Street, Bank NY Mellon, Fortress...etc etc etc I just can't get a good entry F*ck me.... Link to comment Share on other sites More sharing options...
Ben Had Posted October 14, 2009 Report Share Posted October 14, 2009 This article and video has an interview, along these same lines, with the head of the US Chanber of Commerce. Aggressive interviewer there. About time someone got aggressive on the side of taxpayers who don't want to bail out "too big to fail" banks repeatedly. http://www.huffingtonpost.com/2009/10/14/d...r_n_320397.html Wow! That interview is a keeper. Link to comment Share on other sites More sharing options...
Jorma Posted October 14, 2009 Report Share Posted October 14, 2009 This article and video has an interview, along these same lines, with the head of the US Chanber of Commerce. Aggressive interviewer there. About time someone got aggressive on the side of taxpayers who don't want to bail out "too big to fail" banks repeatedly. http://www.huffingtonpost.com/2009/10/14/d...r_n_320397.html It is highly probable that Uncle Sam directly bailing out banks and corporations is a thing of the past. It will be the banks bailing out Uncle Sam in the future. Even I thought I was crazy 6 or 7 years ago when I said the paper of the banking giants would be yielding under Treasuries someday. It still seems crazy in a way but that is the intended path. Maybe we get there maybe we don't and the results might seem subtle to most when it happens. One way is the Supreme Court is going to let Skilling off by saying essentially he wasn't personally responsible for any of Enron's mess. At least no criminally liable. In other cases they have been and will continue to find that corporations are not responsible for the depredations of their employees. Throw in the immanent go ahead for unlimited corporate 'campaign' money and maybe you can see where we are going. Link to comment Share on other sites More sharing options...
capitall Posted October 14, 2009 Report Share Posted October 14, 2009 It is highly probable that Uncle Sam directly bailing out banks and corporations is a thing of the past. It will be the banks bailing out Uncle Sam in the future. Even I thought I was crazy 6 or 7 years ago when I said the paper of the banking giants would be yielding under Treasuries. It still seems crazy in a way but that is the intended path. Maybe we get there maybe we don't and the results might seem subtle to most when it happens. If the banks continue to speculate recklessly, with little enforced meaningful regulation to restrain them from doing so, and taxpayers expected to bail them out each time, they certainly will not be there to bail out Uncle Sam when needed. Link to comment Share on other sites More sharing options...
Trader Joe Posted October 14, 2009 Report Share Posted October 14, 2009 Is Creamer gonna whip it out live on the air tonight.....? Edit: Well the guy is such a dick, I guess he already did, just by showing up Link to comment Share on other sites More sharing options...
patents Posted October 14, 2009 Report Share Posted October 14, 2009 I'm starting to figure that the markets will not go down until the House and Senate start to seriously tackle legistlation to regulate the financial industry.....Manipulation at it's finest! Do you mean that all the securities laws passed around 1933 and then repealed about a decade ago should be reinstated? While that is certainly a good start, we would then also need an agency to enforce those and other securities laws. None of this is rocket science and much is already in place. Of course how would all those people on Wall Street get their 20 percent increases in pay? We all know what happened to those who advertised "We earn it." Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 14, 2009 Report Share Posted October 14, 2009 Bully may have the horses to get to the upper line, before any pullback...so 1100+ print may be in the works. Below that center regression line, and bears may have a shot fur a bit. So maybe 1100, then 1000, then 1200....how's that sound TJ? Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 14, 2009 Report Share Posted October 14, 2009 Meanwhile, Uncle Buck creeps ever closer to the 74 1/2 target Buck 74.5=SPX 1100??? maybe we find out tomorrow..... Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 14, 2009 Report Share Posted October 14, 2009 Yen continues to under perform...big pivot overnight here... Air gaps on multiple time frames start to open if Uncle can plow thru here....if not, prolly a test of the low. Link to comment Share on other sites More sharing options...
T_Slim Posted October 14, 2009 Report Share Posted October 14, 2009 Meanwhile, Uncle Buck creeps ever closer to the 74 1/2 target Buck 74.5=SPX 1100??? maybe we find out tomorrow..... That's what I was thinking . . . shot of the dollar index . . . Link to comment Share on other sites More sharing options...
Bungster Posted October 15, 2009 Report Share Posted October 15, 2009 That's what I was thinking . . . shot of the dollar index . . . Yep, I really thought that 75.50ish would contain this decline before a good bounce....What was I thinking? Link to comment Share on other sites More sharing options...
capitall Posted October 15, 2009 Report Share Posted October 15, 2009 Well, here's someone with a new idea on how to deal with the banks that caused the economic crisis: Waterboard JP Morgan and The Mortgage Bankers Assn "How to give an economics writer a coronary: Recommend something that has been done twice before, and both times led to disaster, including being a major contributor to The Great Depression. Well guess what: JP Morgan and the other banks are doing exactly that." http://market-ticker.denninger.net/archive...nkers-Assn.html Link to comment Share on other sites More sharing options...
No Einstein Posted October 15, 2009 Report Share Posted October 15, 2009 Meanwhile, Uncle Buck creeps ever closer to the 74 1/2 target Buck 74.5=SPX 1100??? maybe we find out tomorrow..... KW...why isn't the double bottom at 71.50 the more obvious target... serious question? Link to comment Share on other sites More sharing options...
BusKow Posted October 15, 2009 Report Share Posted October 15, 2009 couple to ponder on the SPX in dollars Note the dual pane is the INVERTED SPX versus the dollar index then the price of the SPX in dollars Link to comment Share on other sites More sharing options...
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