An Ant Posted September 21, 2008 Report Share Posted September 21, 2008 Anyone know any site for fair value ? Don't know how reliable CNN Money numbers are. (1257 for spoos and 1755 for nasty) TIA Link to comment Share on other sites More sharing options...
BusKow Posted September 21, 2008 Report Share Posted September 21, 2008 If thinking of shorts in retail...sector and component relative performance since the May high Link to comment Share on other sites More sharing options...
shorty Posted September 21, 2008 Report Share Posted September 21, 2008 More people are speaking out. An Open Letter to the U.S. Congress Regarding the Current Financial Crisis? By John P. Hussman, Ph.D. 691243[/snapback] I believe Mr. Hussman is 100% correct. However, our government is 100% corrupt. So they will do as instructed by their owners. Because they got theirs, and to hell with the people they supposedly "represent". But their ill-gotten gains will be temporary....the scenario pictured below is now inevitable, and nothing can stop it. Mr. CONgressman, Welcome to your future. How quickly that smirk disappears from your face. How quickly it's replaced with beads of sweat and fear. Not quick enough. Too late. You, sir, cannot run. And you cannot hide. Your ass is ours. Link to comment Share on other sites More sharing options...
Jetlag Posted September 21, 2008 Report Share Posted September 21, 2008 "Hedge funds plan to sue FSA over short-selling ban" "Another said: "It's too easy to blame hedge funds. The real culprits are the banks which were cavalier in their lending, and the investment banks which were irresponsible in the way they packaged the loans and pumped them round the world. It's also the regulator's fault for not picking it up, not ours."" http://www.telegraph.co.uk/money/main.jhtm...dgefunds121.xml Even more hedge funs redemptions coming. Link to comment Share on other sites More sharing options...
Torch Posted September 21, 2008 Report Share Posted September 21, 2008 Australia blows up the hedge funds Australia?s stunning ban on all short-selling is a revolution that will likely flow around the world in a series of dominoes from tomorrow. The global hedge fund industry will effectively be shut down overnight. The business of securities lending will also shut down. The way that equities markets have operated for more than a decade will suddenly and fundamentally change from this weekend http://www.businessspectator.com.au/bs.nsf...Document&src=ei Link to comment Share on other sites More sharing options...
Torch Posted September 21, 2008 Report Share Posted September 21, 2008 I had copied the whole Australian article here because their site was overwhelmed. But it's back now. Link to comment Share on other sites More sharing options...
shorty Posted September 21, 2008 Report Share Posted September 21, 2008 What a day Friday. The fraud of the top 1%, who joyously shorted decent honest public companies into oblivion for sport and profit, now using their government puppets to rape hedge funds and small investors/speculators by suddenly banning short sales of their stocks, was exceeded only by the historically unconscionable index fraudex SOQ fixes. Because of their foolish reckless arrogance and unbridled greed, the entire U.S. financial system is now permanently destroyed, and will never recover until the new currency is introduced. The top 1% lorded over a complacent, compliant maSS of intentionally dumbed-down public suckers. They could have CONtinued to do so indefinitely had they been less greedy. But they pushed too far. Now it's over. I'm telling you, the maSSes are awakening, and it's over for the top 1%. They are not safe. You'll see. Link to comment Share on other sites More sharing options...
shorty Posted September 21, 2008 Report Share Posted September 21, 2008 Mr. Top 1% scrambles to offshore his aSSets and prepare the private jet. Meanwhile, J6P zooms in from Zillow and Google Earth. Soon the gates are overrun. "Hello, Sir. May we have a word with you?" Link to comment Share on other sites More sharing options...
Sudaca Posted September 22, 2008 Report Share Posted September 22, 2008 Foreign Banks Hope Bailout Will Be Global By NELSON D. SCHWARTZ and CARTER DOUGHERTY Published: September 21, 2008 PARIS ? The financial crisis that began in the United States spread to many corners of the globe. Now, the American bailout looks as if it is going global, too, a move that could raise its cost and intensify scrutiny by Congress and critics. Foreign banks, which were initially excluded from the plan, lobbied successfully over the weekend to be able to sell the toxic American mortgage debt owned by their American units to the Treasury, getting the same treatment as United States banks. On Sunday, the Treasury secretary, Henry M. Paulson Jr., indicated in a series of appearances on morning talk shows that an original proposal introduced on Saturday had been widened. ?It?s a distinction without a difference whether it?s a foreign or a U.S. one,? he said in an interview with Fox News. The prospect of being locked out of the bailout set off alarm bells among chief executives of overseas banks whose American affiliates also hold distressed mortgage-related assets, like Barclays and UBS. The original text provided access to the $700 billion bailout for any financial institution based in the United States. As the day wore on, some raised their concerns with the Treasury Department, arguing that foreign institutions were both big employers and major players in the American capital markets. By Saturday evening, the language had been changed to allow any financial institution ?having significant operations? in the United States. http://www.nytimes.com/2008/09/22/business...&hp&oref=slogin Link to comment Share on other sites More sharing options...
shorty Posted September 22, 2008 Report Share Posted September 22, 2008 $700 Billion green is an extreme lowball. $7 Trillion green is more accurate. got Amero's? how 'bout some yellow? Link to comment Share on other sites More sharing options...
alceringa Posted September 22, 2008 Report Share Posted September 22, 2008 Oz open delayed by half an hour to 10:30 local. They've gone from the laziest rules in the OECD on shorting stocks to the harshest over a weekend with no warning. The carnage among the shorts is going to be astonishing. Link to comment Share on other sites More sharing options...
Jimi Posted September 22, 2008 Report Share Posted September 22, 2008 Oz open delayed by half an hour to 10:30 local. They've gone from the laziest rules in the OECD on shorting stocks to the harshest over a weekend with no warning. The carnage among the shorts is going to be astonishing. 691258[/snapback] It's like today's version of beggar-thy-neighbor policies. It's not competitive devaluations. It's competitive arbitrary reregulation. Link to comment Share on other sites More sharing options...
alceringa Posted September 22, 2008 Report Share Posted September 22, 2008 45 minutes past normal opening on the ASX and they still can't open the market in Oz. Think there might be a few order imbalances? Link to comment Share on other sites More sharing options...
Trader Joe Posted September 22, 2008 Report Share Posted September 22, 2008 All this friggin' bulls+++ and here we are with the ....Sow futures -120 ....S&Pee -19 .....Nasty -18 What a friggin' joke! Link to comment Share on other sites More sharing options...
bearmarketymark Posted September 22, 2008 Report Share Posted September 22, 2008 In the morning shows Paulson weaseled out of executive compensation conerns. If the money is needed so badly they will take a deal with more oversight/executive pay restrictions/tax relief funds from anyone profiting from this for the last five years etc. The people responsible need to start taking responsibility and we can make them. I am willing to bet the taxpayer can get much better legislation than the original proposal. If we are as close to financial catastrophe as they say---they can do much better. ---we are not 4 year olds--we can understand the details and--we can take it. Link to comment Share on other sites More sharing options...
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