Jump to content


Photo
- - - - -

IDS World Markets Fri 17th August 07


This topic has been archived. This means that you cannot reply to this topic.
332 replies to this topic

#16 4shzl

4shzl

    Doctor of Stock Proctology

  • Members
  • PipPipPipPip
  • 2,365 posts

Posted 17 August 2007 - 03:32 AM

Yenamoto san back-kissing 112 having traded as low as 111.57. Guess who is singing for the carry trade?
Posted Image
The problem with Californians is that they think that death is optional. -- Aldous Huxley

The folly of mistaking a paradox for a discovery, a metaphor for a proof, a torrent of verbiage for a spring of capital truths, and oneself for an oracle, is inborn in us. -- Paul Valéry

#17 Jetlag

Jetlag

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 10,776 posts

Posted 17 August 2007 - 04:41 AM

Calling Mr. "Teets Long"........Calling Mr. "Teets Long"...."Come in please"....

Posted Image

Posted Image

View Post



Wow.. Nikkei down over 5%! That's going to leave a mark and a funny smell.

There is so much financial nonsense to unwind. We are just getting started.

View Post


Posted Image

Margin Man shaking those Yen out of customers.

#18 Jorma

Jorma

    Associate Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPip
  • 4,455 posts

Posted 17 August 2007 - 05:09 AM

A real bank run.

http://www.latimes.c...nes-pe-business

War is the last great hope of the incompetent to order the unwilling to attempt the impossible.
William Eastlake 'The Bamboo Bed'

Change you can suspend your disbelief in.
Fafblog

 

The Treasury

could burn down

We jammin still

Full Extreme   Ultimate Rejects


#19 Jetlag

Jetlag

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 10,776 posts

Posted 17 August 2007 - 05:39 AM

A real bank run.

http://www.latimes.c...nes-pe-business

View Post


""It's because of the fear of the bankruptcy," said Ashmore, president of Irvine's Impac Mortgage Holdings, which escaped bankruptcy itself recently by shutting down virtually all its lending and laying off hundreds of employees.

"It's got my wife totally freaked out," he said. "I just don't want to deal with it. I don't care about losing 90 days' interest, I don't care if it's FDIC-insured -- I just want it out.""

Customers are thinking like the Tan Man himself, get mine now while I can !

"Give me back my Dollars! take your ameros up your ..."

#20 Jetlag

Jetlag

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 10,776 posts

Posted 17 August 2007 - 06:14 AM

In the what were they thinking department.  Fine Paid.

Wanted a trip to Cuba?  No problem.

Travelocity.com paid $182,750 this month to settle a complaint brought by the Office of Foreign Assets Control of the Treasury Department, which said the company had violated the prohibition nearly 1,500 times from January 1998 to April 2004.


Travelocity gnome should do a commercial bit on this one.

http://www.nytimes.c...ravelocity.html

View Post


I don't want to get political but US's Cuba embargo is a big hypocritical and witch hunting relic.
I mean what's the difference between China's lack of human rights and Cuba? The only difference between these two countries that matters for the people in Washington is the size of the economy. The poor will always be most affected by this, Fidel can always leave the country to fix his butt up.
And what about the scandalous law allowing importation of cuban cigars for the senators?

#21 Jetlag

Jetlag

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 10,776 posts

Posted 17 August 2007 - 06:30 AM

Just a note of thanks to so many of you posters. I don't post because if I'm typing, I'm not learning ... kinda' like talking and not listening.

The reason for my post is that you regular posters make a reader look knowledgeable.

I had 2 flights this week where I sat next to financial market players. Flight 1, the guy was in commercial real estate for Societe General (Paris), responsible for certain US markets.

Flight 2, I sat next to David Dreman - like him or not, he's a player.

The point is that my education in market matters has been gleaned primarily from you folks and I had both guys assuming that I was an insider like them. I tried to let them talk lest they recognize me as an imposter and here is what they believe:
SG guy:
He's been waiting for the RE bust for 3 years. He believes that the commercial RE bust will be fully discounted and priced into the market in 90 days because that's their cycle. Prices are going down but it will shake out in 90 days.
Residential RE is a longer term process, he didn't take an authoritative position but said there were more lender blow ups to come.
Believes there is too much liquidity in the market and that results in the hedge fund and credit mania.
Fully boolish (to steal a quote) after the credit debacle is righted - no recession, all's good by year end.

Dreman:
Expects a significant number of hedge funds to blow up in the next 90 days.
Believes that Greenspan made "many mistakes and will be judged harshly by historical writers."
Believes that his principles of contrarian investing published in his book 10 years ago are more appropriate today that when first published.
Likes oil for the future, companies that have extractable oil in the ground, not services.

In the end, I eventually fessed up and they recognized me for the novice that I am but it was fun while it lasted, thanks to you and of course, Doc!

Back to lurker mode.

View Post


Thanks for picking these guy's heads and sharing.
That 90 day meme is scary.

#22 try2win

try2win

    Bachelor of Stock Proctology

  • Banned
  • PipPip
  • 943 posts

Posted 17 August 2007 - 07:40 AM

sometimes i just want to bash my head in as i suggested shorting ATI last week and I never jumped on it.

Attached Images

  • atishort.png


#23 Jetlag

Jetlag

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 10,776 posts

Posted 17 August 2007 - 07:53 AM

Is this boolish? B)

Attached Images

  • FTSE_170707.png


#24 DrStool

DrStool

    Chief of Stock Proctology

  • Admin
  • PipPipPipPipPipPipPipPipPip
  • 83,560 posts

Posted 17 August 2007 - 07:55 AM

You coulda shorted anything last week and made money.

Maybe you were too busy looking for longs.

If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!

#25 DrStool

DrStool

    Chief of Stock Proctology

  • Admin
  • PipPipPipPipPipPipPipPipPip
  • 83,560 posts

Posted 17 August 2007 - 07:57 AM

My thoughts are with Sudaca right now. We don't know if he was in the earthquake area or not. I hope that he and his family are all ok. Thoughts and prayers for all those affected in Peru.

If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!

#26 DrStool

DrStool

    Chief of Stock Proctology

  • Admin
  • PipPipPipPipPipPipPipPipPip
  • 83,560 posts

Posted 17 August 2007 - 08:13 AM

There's still a lot of information out there about repurchase agreements aka repos.

Yes, the Fed does repos, but their corner of the repo market is INFINITESIMAL. If your mmf is holding repos DO NOT think for one second that these are obligations of the Fed. Any financial institution or entity, financial, non financial, or otherwise can do a repo. MMFs do trillions of repos. They aren't guaranteed by anyone. If your mmf lists a substantial amount of repos on its balance sheet, GET OUT NOW, that is if you still can. Wire the funds to as many FDIC insured accounts as you have up to the insurable limit, and the rest send to Treasury Direct and buy 4 week T bills, regardless of the fact that the rate sucks. This too shall pass.

I am not kidding.

If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!

#27 seamus

seamus

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,703 posts

Posted 17 August 2007 - 08:15 AM

FED CUTS DISCOUNT RATE 50BPS TO 5.75%

FED SAYS FOMC PREPATED TO ACT AS NEEDED TO HELP ECONOMY

#28 Jetlag

Jetlag

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 10,776 posts

Posted 17 August 2007 - 08:19 AM

Flood doors open

"Fed Cuts Discount Rate to 5.75%, Cites `Downside' Risks

By Brendan Murray

Aug. 17 (Bloomberg) -- The Federal Reserve, in an unscheduled meeting, cut the discount rate to 5.75 percent from 6.25 percent, noting market conditions have deteriorated since it last met Aug. 7.

``Financial market conditions have deteriorated, and tighter credit conditions and increased uncertainty have the potential to restrain economic growth going forward, '' the central bank's Federal Open Market Committee said in a statement. ``The downside risks have increased appreciably.''

The FOMC left the overnight federal funds target rate unchanged at 5.25 percent. "

http://www.bloomberg...90rc&refer=home

I've hear of fighting fire with fire, but fighting liquidity with liquidity? Choppers are going up.

#29 I_Am_Madness

I_Am_Madness

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 16,602 posts

Posted 17 August 2007 - 08:19 AM

kABOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMMM!!!!

YM did a 450 point spike UP!!!
Now back down....
Stop the Madness

#30 linrom

linrom

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,430 posts

Posted 17 August 2007 - 08:19 AM

Fed cuts the discount.





Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!


Dr. Stool's
Book Search

Enter title, author, or keyword
Just books
All Products





Old Stool Depository

Live Steaming Pile Chart