Bailout planet

[MrHanky]

We need weekly bailouts just to keep the system from collapsing,how anyone perceives this as bullish I have no clue.....

 

With each bailout it just shows how bad things are,and they really have no way to fix it.But i guess it's perception that matters.

[MrHanky]

ES ramjets continue to fire AH.....

[Trader Joe]

Someday folks will wake up and realize that what is going on with the banks is largely irrelevant...

 

...unless you invest in them

[MisFit Kid]

Near perfect symmetry of the futures chart - except for small dip

that was immediately pushed back into the up channel (100 points in 10 minutes)

 

(If you look at a weekly chart, it will pretty much have the same 45˚ up channel)

 

hell of a week for the bulls

 

On another note, looks like the Phillies are the team to beat in Baseball...

[DrStool]

Near perfect symmetry of the futures chart - except for small dip

that was immediately pushed back into the up channel (100 points in 10 minutes)

 

(If you look at a weekly chart, it will pretty much have the same 45˚ up channel)

 

hell of a week for the bulls

 

On another note, looks like the Phillies are the team to beat in Baseball...

 

Going to the game tomorrow night. Hope they clinch then.

[Jorma]

Someday folks will wake up and realize that what is going on with the banks is largely irrelevant...

 

...unless you invest in them

 

From what perspective are the banks irrelevant?

 

From one perspective I have the huge government deficits, the Greeks and ours and everyone's, are funded through and by the banking giants. That means the banks are everything and they are all interconnected. That's what the last 36 months has been all about.

 

I'll qualify that by saying the banks are everything to those at the top of governments and the bankers too of course. Now in the big picture one can say if those people and the banks were swept away we would find out that they were if not irrelevant at least vastly over rated for the operation of the conomy and the government. I sort of agree but getting to there from here would not be smooth. It could be a nightmare.

 

I am not looking for an argument, there is always more than one perspective.

[MrHanky]

Bottom line is,this could happen to any stock or the entire market with a system this f*cked up.....

 

There are no guarantees a chart will do what you want it to do,long or short.

[MrHanky]

Someday folks will wake up and realize that what is going on with the banks is largely irrelevant...

 

...unless you invest in them

I agree to a certain level,but they are hiding the real truth and it's probably 10 times worse than they are admitting.But once again,perception matters and not truth or reality.

[MisFit Kid]

Going to the game tomorrow night. Hope they clinch then.

 

They already clinched a play off spot, should be no problem clinching

the division and Home Field Advantage. They just have too much pitching.

 

Atlanta is just trying to stay alive and win the wild card.

Boston has also made the wild card spot interesting with their

late season losing spell.

 

Have fun at the game....

[Bungster]

We should start to stall out soon - else we are off to a rally of some length (4-8+ weeks)

 

[DrStool]

They already clinched a play off spot, should be no problem clinching

the division and Home Field Advantage. They just have too much pitching.

 

Atlanta is just trying to stay alive and win the wild card.

Boston has also made the wild card spot interesting with their

late season losing spell.

 

Have fun at the game....

 

 

Yeah. I meant clinch the division. Won game 1. Magic # for div crown now 3. If they win tonight chance to clinch tomorrow night. Atlanta would have to lose at least one. This will be the 6th game I've seen this year. 2nd in Philly. Seeing them away is fun, but nothing like seeing them at home.

 

 

[DrStool]

Warning. Light schedule of Treasury auctions next week. Preliminary indication is for a small paydown on Thursday. I have not figured the Treasury budget for the week, and whether they might need to bulk up the 4 week bill, but even if they need an extra $10 billion, that would only result in net cash of $1 billion.

 

No Treasury or Fed Report this week. No weekend market update or Monday. I'm taking off for a long weekend. Today's market update will be posted later tonight.

 

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[DrStool]

ECB dollar swaps could push more dollars back to US, boosting the market. Watch for size and timing.

 

OK, at this point, not an issue. The first operation is not until October. If it's only a few billion the impact will be minimal. However if it's 10s of billions, it will push much of that into US banks and markets. In the meantime, initial cursory review of money supply suggests funds still flowing into US banking system at a high rate. Those figures are from last week. This week US money market funds fell, so it's a mixed bag at this point. I expect to have a firmer idea of the 13 week cycle projection and perhaps the shorter term cycles also, in tonight's market update.

 

 

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[rdkyote]

Near perfect symmetry of the futures chart - except for small dip

that was immediately pushed back into the up channel (100 points in 10 minutes)

 

(If you look at a weekly chart, it will pretty much have the same 45˚ up channel)

 

hell of a week for the bulls

 

On another note, looks like the Phillies are the team to beat in Baseball...

 

First this...

 

 

 

 

Then at the apex.... some of this....

 

 

 

[Jorma]

We need weekly bailouts just to keep the system from collapsing,how anyone perceives this as bullish I have no clue.....

 

With each bailout it just shows how bad things are,and they really have no way to fix it.But i guess it's perception that matters.

 

The thing that is different here I believe and which is being sort of mangled in all the coverage is these swaps are being done by the individual central banks not through the ECB. The ECB's hands are sort of tied in helping individual banks or anyway it's easier for the French to help the French banks and the Germans the German banks and so on.

 

I was thinking about posting this last weekend, knowing Geithner was in Urp and something was going to be done. You have all seen it before. Don't ever forget it.

 

Carl Rove to David Suskind, journalist and author. April 2005

 

The aide said that guys like me were ”in what we call the reality-based community,” which he defined as people who ”believe that solutions emerge from your judicious study of discernible reality.” I nodded and murmured something about enlightenment principles and empiricism. He cut me off. ”That’s not the way the world really works anymore,” he continued. ”We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality — judiciously, as you will — we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors … and you, all of you, will be left to just study what we do.”