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WTF?

 

This rally, is THIS rally, WoW. Lets see if they can break 945. If yes, then.... I dont understand anything :blink:

 

 

EDIT: my clock in windows was hmmm broken so I opened this thread to early, about 10 minutes before the end of the session

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IBM Reports 2009 Second-Quarter Results

-- Diluted earnings of $2.32 per share, up 18 percent;

-- Raises full-year 2009 EPS expectations to at least $9.70 from $9.20;

-- Free cash flow of $3.4 billion; cash balance of $12.5 billion;

 

 

-- Net income of $3.1 billion, up 12 percent; net margin of 13.3 percent,

up 3.0 points;

-- Pre-tax income margin of 18.3 percent, up 4.1 points; largest increase

in more than 3 years;

-- Gross profit margin of 45.5 percent, up 2.3 points; up 19 of last 20

quarters;

-- Revenue of $23.3 billion, down 13 percent, or 7 percent adjusting for

currency;

-- Software pre-tax margin up 8.3 points; income up 24 percent;

-- Full-year 2009 Software pre-tax income expected to grow at double-digit

rate and reach $8 billion;

-- Services pre-tax margin up 4.1 points; income up 23 percent;

-- Services signings up 3 percent; strategic outsourcing signings up 38

percent, both adjusting for currency;

-- 17 services deals greater than $100 million;

-- Public sector revenue up 7 percent, adjusting for currency.

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ANALists say CIT needs 6 Billion, gubermint stress test had figured 4 Billion in worst case scenario some weeks ago.

 

http://www.bloomberg.com/apps/news?pid=206...id=acxdfpkxaB5c

 

"CIT Group Inc. bondholders are holding calls today to discuss whether to swap some of their claims for equity to reduce the 101-year-old lender’s indebtedness, according to a person familiar with the situation.

 

Pacific Investment Management Co., CIT’s largest bondholder based on regulatory filings, plans to host a call, and debt owners are considering hiring financial and legal advisers"

 

Had no idea PIMPCO was a major bagholder on this one.

 

http://www.bloomberg.com/apps/news?pid=206...id=a0kAlJZXFtzQ

 

I am guessing they loaded up when they saw CIT in trouble and were hoping/counting on US Taxpayers to pay them big bucks. Didn't they do the same with USTreas/FNM/FRE? I that case they did make a lot of dough.

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:lol: :lol: :lol:

 

Subject: Latest Directive from 10 Downing Street

 

 

Subject: The PM's New Directive.

 

 

 

 

 

10 Downing Street

London SW1

 

 

Dear People of the United Kingdom

 

Due to the current financial situation caused by the slowdown of the

economy, your Government has decided to implement a scheme to put

workers 50 years of age and older on early retirement. This scheme

will

be known as RAPE (Retire Aged People Early).

 

Persons selected to be RAPED can apply to the government to be

eligible

for the SHAFT scheme (Special Help After Forced Termination).

 

Persons who have been RAPED and SHAFTED will be reviewed under the

SCREW

program (Scheme Covering Retired Early Workers). A person may be

RAPED

once, SHAFTED twice and SCREWED as many times as the government deems

appropriate.

 

Only persons who have been RAPED can get AIDS (Additional Income for

Dependants & Spouse) or HERPES (Half Earnings for Retired Personnel

Early Severance). Obviously, persons who have AIDS or HERPES will

not be

SHAFTED or SCREWED any further by the government.

 

Persons who are not RAPED and are staying on, will receive as much

SHIT

(Special High Intensity Training) as possible. The government has

always

prided itself in the amount of SHIT it gives out. Should you feel

that

you do not receive enough SHIT, please bring this to the attention of

your local MP. They have been trained to give you all the SHIT you

can

handle.

 

Sincerely,

 

Gordon Brown

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I fear the US equity markets will continue to go up as long as the dinar continues to fall....Make it stop momy....

Some day, any day now, gold will pop limit up and all the dinars will dump equities and bolt to PM's.

 

I know this will happen.

 

I really do.

 

Really.

 

Any day now.

 

Just you wait ... :angry:

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IBM beats on sales decline....WTF?? It's the damn dollar dropping that is doing this! Fornicators!!

 

They upped guidance and said that they can continue to wring costs out and increase their profitability (despite declining top line revenues).

 

With employers experiencing a glut of electrical engineers and similar disciplines as well as bountiful Indian and other workers in the Asian regions at lower costs, it is a great time to be a capitalist in these times of recession.

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