Slappy Posted February 20, 2009 Report Share Posted February 20, 2009 Crapvision just reported that Roubini has a new missive declaring this "the third or fourth inning in a long painful process" So I guess it's not as bad as we figurd Link to comment Share on other sites More sharing options...
psyche doctor Posted February 20, 2009 Report Share Posted February 20, 2009 Cubes testing 28.75 from underneath. Link to comment Share on other sites More sharing options...
Trader Joe Posted February 20, 2009 Report Share Posted February 20, 2009 Crapvision just reported that Roubini has a new missive declaring this "the third or fourth inning in a long painful process" So I guess it's not as bad as we figurd Unless it's a double header, and we go into extra innings..... OOOOOOOOO-FAAAAAAAAAA BUY STOCKS !!! Link to comment Share on other sites More sharing options...
cwd Posted February 20, 2009 Report Share Posted February 20, 2009 corpo bonds wins with equityhttp://www.bloomberg.com/apps/news?pid=206...&refer=bond Corporate Bond Trading Highest Since ?07 as Credit Freeze Thaws Feb. 20 (Bloomberg) -- Corporate bond trading in the U.S. is rising to the highest in two years, adding to evidence that credit markets are thawing even with stocks off to their worst start since the 1920s as the recession deepens. An average $17.1 billion of corporate bonds traded daily this month, compared with $17.7 billion in January, according to the Financial Industry Regulatory Authority. The business is up from last year?s low of $9.4 billion in August and reached the highest level since February 2007, Finra data show. ?We saw just dramatic increases in our corporate business,? said Dan Leland, head of taxable capital markets at Dallas-based Southwest Securities, a unit of SWS Group Inc. ?One of the last places you can get an attractive yield with relative safety is in the corporate arena. The equity markets just continue to deteriorate.? Thanks for the excellent posts. Link to comment Share on other sites More sharing options...
Charmin Posted February 20, 2009 Report Share Posted February 20, 2009 What do you make of this technical statement: "huge positive divergence coming from the NASDAQ" especially with other indexes retesting lows and at a critical juncture Link to comment Share on other sites More sharing options...
psyche doctor Posted February 20, 2009 Report Share Posted February 20, 2009 Cubes testing 28.75 from underneath. Poked thru. If it can get a spark, could run. Link to comment Share on other sites More sharing options...
fxfox Posted February 20, 2009 Report Share Posted February 20, 2009 oh boy, how predictable: Massacre in the overnight markets, yM included, then, once cash opens free ass-shave for the bears. Link to comment Share on other sites More sharing options...
Cassiopeia Posted February 20, 2009 Report Share Posted February 20, 2009 Brought over from M2M... My comment: MGM, Harrahs, Las Vegas Sands, Wynn, etc etc etc are all going to file for BK.....they all have too much debt. Trump, Tropicana, and Station Casinos have already started the flow. DIP financing is readily available for the right companies in the right industries. Bottomline though, the number of companies filing BK this year and into next will be EPIC. What this implies for stocks is utter devastation with many hundreds/thousands of companies being zeroed out forever, bond holders need to be careful too, but after the washout the bondholders will emerge with all the equity + restructured debt in these firms. There goes revenue to a location near you. Gross gaming revenues have declined EVERY month since July of 2008. http://www.americangaming.org/Industry/fac...etail.cfv?id=39 The aftermath....What do you do with a building with 5,000 rooms Link to comment Share on other sites More sharing options...
Trader Joe Posted February 20, 2009 Report Share Posted February 20, 2009 Loading up on the banks here 10,000 BAC 10,000 C .....just kidding! BWAHAHAHAHA Link to comment Share on other sites More sharing options...
Rounder Posted February 20, 2009 Report Share Posted February 20, 2009 Rally Caps..... back to 880, and another chance to get shorty Link to comment Share on other sites More sharing options...
Trader Joe Posted February 20, 2009 Report Share Posted February 20, 2009 The aftermath....What do you do with a building with 5,000 rooms I'll bet they know....some services are always in demand!!! Link to comment Share on other sites More sharing options...
Rounder Posted February 20, 2009 Report Share Posted February 20, 2009 Loading up on the banks here 10,000 BAC 10,000 C .....just kidding! BWAHAHAHAHA Might as well add GE to the list, who is now just a mere child as well. Maybe Shorty should start another race with her and WFC. Link to comment Share on other sites More sharing options...
psyche doctor Posted February 20, 2009 Report Share Posted February 20, 2009 Many times it is a struggle for me to get my dong on - I would rather short trash 0r sh*t stock as fxfox would say - but got to be unbiased or the money will run out before the opportunity to short a piece of real trash arises. Link to comment Share on other sites More sharing options...
Charmin Posted February 20, 2009 Report Share Posted February 20, 2009 Don't ya think we'll get this response when we actually capitulate? Actually, we will probably have to blame the shorts for any rocket launch. From Matt: February 20th, 2009 at 9:48 am Volume in the first 15 minutes of trading for SPY, QQQQ, IWM, and XLF was roughly the same as the same period on Tuesday morning. I?m not seeing any signs of a capitulation yet. http://www.trivisonno.com/fridays-trading-22009#comments Link to comment Share on other sites More sharing options...
swordfish Posted February 20, 2009 Report Share Posted February 20, 2009 I just wanted to let you now that your Santelli from Crapvision is doing worldwide career with his yesterday speech. All over the world (blogs, forums) are links to his speach check this one at polish forum: http://forum.gazeta.pl/forum/72,2.html?f=1...&w=91652831 Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.