Jump to content


Photo

Stormy Weak end


This topic has been archived.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

#436 capitall

capitall

    Associate Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPip
  • 4,315 posts

Posted 15 September 2008 - 12:16 AM

At the Fed window...of course!!

:lol:

:ph34r:

View Post


Or as Crapvision Asia was appropriately calling it tonight, the Feed window.

:lol: :lol: :lol:

#437 Private Skidmark

Private Skidmark

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,831 posts

Posted 15 September 2008 - 12:21 AM

It's after midnight. Do you know where your bankruptcy filing is? :ph34r:

Attached Images

  • squeeze_lemon_1_.JPG

The highest compliment you can pay a man today is that hes a fairly convincing approximation of a real person.

"You trade physical gold with balls, not with a ruler, until your balls get pressed into ball oil and you're forced to obtain your meals from the dumpster behind the local Krispy Kreme. And then the sun comes out again." - Skidmark

"If you can't stand the heat, break the thermometer in the kitchen." - Benjamin S. Bernanke upon ceasing publication of M3 data

#438 ChicagoBear

ChicagoBear

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,829 posts

Posted 15 September 2008 - 12:24 AM

Dumbshits overpaying for another broken company

View Post



Someone help me out with this one. Why is BAC paying $29 p/share for MER, at this point in time? I mean, LEH is the fire sale du jour today. Did BAC just decided tonight would be a good time to open its war-chest and swallow a borker? If you really had your eye on MER, you wouldn't buy today unless you thought the price would be higher later, right? Well of course that's stupid. If you had your eye on MER you would wait until it was bargin shopping. The price is stupid and the timing is all wrong. What am I missing? :ph34r:
If we don't change our direction, we're likely to end up where we are headed.
It wasn't raining when Noah built the Ark.
"and the vicious cycle will feed on itself in an orgy of cannibalistic self destruction until even the skeletal remains of the system are ground into powder." - Doc, 3/2/09

#439 Charmin

Charmin

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 34,177 posts

Posted 15 September 2008 - 12:25 AM

What's the likelihood of seeing the market do a UAUA shakeout?
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster

#440 Private Skidmark

Private Skidmark

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,831 posts

Posted 15 September 2008 - 12:28 AM

By Biff Tanner, MarketWatch
Last update: 12:16 a.m. EDT Sept. 15 , 2008
NEW YORK (MarketWatch) -- Lehman Brothers accepts offer from Fozzie Bear for 2 macaroons.

Attached Images

  • Fozzie1.jpg
  • Coconut_Macaroons_1_.JPG

The highest compliment you can pay a man today is that hes a fairly convincing approximation of a real person.

"You trade physical gold with balls, not with a ruler, until your balls get pressed into ball oil and you're forced to obtain your meals from the dumpster behind the local Krispy Kreme. And then the sun comes out again." - Skidmark

"If you can't stand the heat, break the thermometer in the kitchen." - Benjamin S. Bernanke upon ceasing publication of M3 data

#441 Mies van der Rump

Mies van der Rump

    Bachelor of Stock Proctology

  • Members
  • PipPip
  • 622 posts

Posted 15 September 2008 - 12:30 AM

By Biff Tanner, MarketWatch
Last update: 12:16 a.m. EDT Sept. 15 , 2008
NEW YORK (MarketWatch) -- Lehman Brothers accepts offer from Fozzie Bear for 2 macaroons.

View Post



ROFLMAO!!!

#442 capitall

capitall

    Associate Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPip
  • 4,315 posts

Posted 15 September 2008 - 12:30 AM

Someone help me out with this one.  Why is BAC paying $29 p/share for MER, at this point in time?  I mean, LEH is the fire sale du jour today.  Did BAC just decided tonight would be a good time to open its war-chest and swallow a borker?  If you really had your eye on MER, you wouldn't buy today unless you thought the price would be higher later, right?  Well of course that's stupid.  If you had your eye on MER you would wait until it was bargin shopping.  The price is stupid and the timing is all wrong.  What am I missing? :ph34r:

View Post


Well, BAC is one of the Feed's Primary Dealers. It seems to have been given the role of keeping the Dow from dropping several thousand points in a week, by convincing the public that various financial firms' assets are valuable rather than worthless-- by buying them for much higher prices than they are worth. They already did this with CountryFried. Who knows what they will buy next? They must have some sweet deal with the Feed whereby they are fed some kind of financial caviar for fulfilling this important role. No one is going to tell the public what the deal is though. Why should we be able to find out what our tax money is paying for?

#443 Goldmember

Goldmember

    Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPip
  • 7,042 posts

Posted 15 September 2008 - 12:31 AM

Earl...what a POS.

Liquidate 'em!

Attached Thumbnails

  • Earl_Sept_14_08.gif

Anthony caused pearls to be dissolved in wine to drink the health of Cleopatra; Sir Richard Whittington was as foolishly magnificent in an entertainment to King Henry V; and Sir Thomas Gresham drank a diamond, dissolved in wine, to the health of Queen Elizabeth, when she opened the Royal Exchange; but the breakfast of this roguish Dutchman was as splendid as either. He had an advantage, too, over his wasteful predecessors: their gems did not improve the taste or the wholesomeness of their wine, while his tulip was quite delicious with his red herring.here

#444 Mies van der Rump

Mies van der Rump

    Bachelor of Stock Proctology

  • Members
  • PipPip
  • 622 posts

Posted 15 September 2008 - 12:34 AM

Will be interesting to see how SKF plays out tomorrow with a huge gain in MER.

#445 astral mike

astral mike

    Assistant Professor of Stock Proctology

  • Members
  • PipPipPipPipPip
  • 3,064 posts

Posted 15 September 2008 - 12:39 AM

Someone help me out with this one. Why is BAC paying $29 p/share for MER, at this point in time? I mean, LEH is the fire sale du jour today. Did BAC just decided tonight would be a good time to open its war-chest and swallow a borker? If you really had your eye on MER, you wouldn't buy today unless you thought the price would be higher later, right? Well of course that's stupid. If you had your eye on MER you would wait until it was bargin shopping. The price is stupid and the timing is all wrong. What am I missing? :ph34r:

View Post


that BAC did not decide to buy them, the Gummit & FED told them to.

U.S. Treasury Department and the Federal Reserve are pushing Bank of America Corp. to buy Merrill Lynch & Co



#446 astral mike

astral mike

    Assistant Professor of Stock Proctology

  • Members
  • PipPipPipPipPip
  • 3,064 posts

Posted 15 September 2008 - 12:47 AM

I have to give Hank an award this time, for refusing to make the taxpayers bail out Lemon and then very likely everyone else that needs a bailout from here on out. Good job on this one, Hank!

View Post


nope, taxpayers are still bailing them out indirectly.

Fed eases access to emergency credit


WASHINGTON (AFP) - The Federal Reserve has announced new steps to ease access to emergency credit for struggling financial companies, by broadening the collateral to be used for central bank loans.

The unusual Sunday move came as financial markets braced for a possible collapse of Lehman Brothers, a Wall Street giant whose failure could have wide-ranging implicatins for the financial system.

"In close collaboration with the Treasury and the Securities and Exchange Commission, we have been in ongoing discussions with market participants, including through the weekend, to identify potential market vulnerabilities in the wake of an unwinding of a major financial institution and to consider appropriate official sector and private sector responses," said Fed chairman Ben Bernanke.

"The steps we are announcing today, along with significant commitments from the private sector, are intended to mitigate the potential risks and disruptions to markets."

The collateral for the special emergency loans will be expanded to all investment-grade debt securities, the central bank said.

Previously, only Treasury securities, agency securities, and AAA-rated mortgage-backed and asset-backed securities could be pledged.



#447 cbear

cbear

    Stock Proctology Intern

  • Members
  • Pip
  • 122 posts

Posted 15 September 2008 - 01:03 AM

73 users online on a Sunday night. Haven't seen that in a long time.

View Post


23 pages and counting! Must be close to a BOTTOM.

#448 cbear

cbear

    Stock Proctology Intern

  • Members
  • Pip
  • 122 posts

Posted 15 September 2008 - 01:13 AM

Who is this magnificent creature anchoring Crapvision asia. Smart and stunning!

View Post


Ask Wyndsrf, he should know. He keeps dossiers on the hotties.

#449 ChicagoBear

ChicagoBear

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,829 posts

Posted 15 September 2008 - 01:22 AM

From the horse's mouth:
http://www.federalre...y/20080914a.htm


"The collateral eligible to be pledged at the Primary Dealer Credit Facility (PDCF) has been broadened to closely match the types of collateral that can be pledged in the tri-party repo systems of the two major clearing banks. Previously, PDCF collateral had been limited to investment-grade debt securities.

The collateral for the Term Securities Lending Facility (TSLF) also has been expanded; eligible collateral for Schedule 2 auctions will now include all investment-grade debt securities. Previously, only Treasury securities, agency securities, and AAA-rated mortgage-backed and asset-backed securities could be pledged.

These changes represent a significant broadening in the collateral accepted under both programs and should enhance the effectiveness of these facilities in supporting the liquidity of primary dealers and financial markets more generally.

Also, Schedule 2 TSLF auctions will be conducted each week; previously, Schedule 2 auctions had been conducted every two weeks. In addition, the amounts offered under Schedule 2 auctions will be increased to a total of $150 billion, from a total of $125 billion. Amounts offered in Schedule 1 auctions will remain at a total of $50 billion. Thus, the total amount offered in the TSLF program will rise to $200 billion from $175 billion.

The Board also adopted an interim final rule that provides a temporary exception to the limitations in section 23A of the Federal Reserve Act. It allows all insured depository institutions to provide liquidity to their affiliates for assets typically funded in the tri-party repo market. This exception expires on January 30, 2009, unless extended by the Board, and is subject to various conditions to promote safety and soundness."

So, they broadened the collateral they accept at PDCF and TSLF, increased the amount and frequency of the TSLF, and now PD's can also essentially offer repo's.
If we don't change our direction, we're likely to end up where we are headed.
It wasn't raining when Noah built the Ark.
"and the vicious cycle will feed on itself in an orgy of cannibalistic self destruction until even the skeletal remains of the system are ground into powder." - Doc, 3/2/09

#450 joe3pack

joe3pack

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,805 posts

Posted 15 September 2008 - 01:25 AM

We haven't had power for most of human history. How quickly we forget and become dependent. :ph34r:

View Post

of course we've always had power. it just came mostly from human mitochondria. :(
1230704671_832aa9eed0.jpg
Long UFB.





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