Trader Joe Posted September 15, 2008 Report Share Posted September 15, 2008 How big of a rate cut tomorrow? 0.00% 0.25% 0.50% Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 15, 2008 Report Share Posted September 15, 2008 Anyone crazy enough to short MER here thinking this deal won't go through? Link to comment Share on other sites More sharing options...
Mies van der Rump Posted September 15, 2008 Report Share Posted September 15, 2008 SKF up 13+ premarket. Link to comment Share on other sites More sharing options...
Trader Joe Posted September 15, 2008 Report Share Posted September 15, 2008 Anyone crazy enough to short MER here thinking this deal won't go through? 688530[/snapback] Depends on where it trades vs. take out price. They'll probably be a decent size discount, thus not worth it. On the flip-side if the discount is big enough may be worth going long MER as things firm up. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2008 Report Share Posted September 15, 2008 spy has hit a 3 day cycle projection of 120.75. No idea what happens next. Maybe churn sideways then take another dump. Maybe recover to the 3, 5, and 8 day cycle MAs now around 124.25. I just have no clue. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2008 Report Share Posted September 15, 2008 T-bills under 1%. now 0.74%. This will force the Fed to cut. The PDs can't borrow at 2% to carry T bills at 0.74. But if the Fed doesn't cut to at least 0.74%, it won't help the banks. Link to comment Share on other sites More sharing options...
Lemur Posted September 15, 2008 Report Share Posted September 15, 2008 How big of a rate cut tomorrow? 0.00% 0.25% 0.50% 688529[/snapback] So how come gold/Forex is not responding to that likelihood? Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2008 Report Share Posted September 15, 2008 BAC is trading down 5 bucks at 28.85. That's about a 15% haircut. SInce the MER deal was a stock deal, what's it worth now? BWHAHAHAHAHAHAHAHAH! BWHAHAHAHAHAHAHAHAH! Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2008 Report Share Posted September 15, 2008 If the T-bills continue to trade at this level, and I think they will stay close to this level given the massive temporary short term debt paydown this week, and the mass panic, then I'd look for the Fed to cut at least 100 basis points, if not 125. I don't think they'll stay there for long, but I think they have no choice. More details and thoughts on this coming up in the Fed Report. Click the link below to try it risk free for 30 days. Satisfaction guaranteed or your money back. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2008 Report Share Posted September 15, 2008 MER now 22, off a pre market high of 26 Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2008 Report Share Posted September 15, 2008 Anyone crazy enough to short MER here thinking this deal won't go through? 688530[/snapback] Wasn't it a stock deal? SO you can short MER because BAC is going in the crapper. First BAC infected itself with AIDS, now it has added cancer to that. Link to comment Share on other sites More sharing options...
phatbubble Posted September 15, 2008 Report Share Posted September 15, 2008 Joe Kernen always looks like he's having second thoughts about not having taken that dump before going on air. Link to comment Share on other sites More sharing options...
Trader Joe Posted September 15, 2008 Report Share Posted September 15, 2008 Corp bond yields have hardly moved at all. Link to comment Share on other sites More sharing options...
juggler Posted September 15, 2008 Report Share Posted September 15, 2008 Just one friend helping another out.That's my guess. 688523[/snapback] I thought you wrote fiend Link to comment Share on other sites More sharing options...
FauxCaster Posted September 15, 2008 Report Share Posted September 15, 2008 So I guess this means BAC is the safest place for consumers' cash: a new branch of the US government. They won't even have to change the name, just the logo and seal. Link to comment Share on other sites More sharing options...
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