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#46 Charmin

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Posted 12 September 2008 - 10:26 PM

Ike Internet Media Overload

God help those who are stuck there for whatever reason.

A link to 6 live video feeds. The future of the Internet.

Live Hurricane

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Now that is cool. My mind always brings up this image during times like these.
http://filmfanatic.o.../06/Tornado.JPG

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#47 Jimi

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Posted 12 September 2008 - 11:20 PM

http://calculatedris...cy-meeting.html

WSJ: NY Fed Holding Emergency Meeting with Wall Street Execs

by CalculatedRisk

Here is the story from the WSJ: New York Fed Holds Emergency Meeting On Lehman's Future

    In attendance were Treasury Secretary Henry Paulson, Securities and Exchange Commission Chairman Christopher Cox, Morgan Stanley Chief Executive John Mack and Merrill Lynch Chief Executive John Thain, among others.
    ...
    "Senior representatives of major financial institutions met at the Federal Reserve Bank of New York Friday evening to discuss recent market conditions," a spokesman for the New York Fed said.

I expect some sort of announcement this weekend.

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I totally disagree.
I expect no announcement and no deal this weekend.
Treasury said there will be no public funds to support a deal.
Potential suitors will hold the Treasury hostage - they have to walk out of negotiations to truly test the proposition that they can't get a governmental subsidy of any deal.
They'd be remiss not to.
Asia will get slapped hard.
Rumors will swarm the New York pre-open - Gasbagarino will claim a deal is imminent or done.
Then, markets will open without a deal.
And LEH will get killed.
Along with everything else.
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#48 lineup32

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Posted 12 September 2008 - 11:24 PM

more LEH from: London Banker

"If one were cynical, and one believed that Lehman was going to be allowed to fail pour encouragement les autres one might wonder if Lehman was quietly bidden – or even explicitly ordered – to sell off its foreign holdings and repatriate the proceeds to asset classes within the US ring fence. This would ensure that US creditors of Lehman received a satisfactory recovery at the expense of foreign creditors. It would also contribute to a nice pre-election illusion of a “flight to quality” as US dollar and assets strengthened on the direction of flow."

http://londonbanker....lobal-bank.html

#49 prancing_cow

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Posted 13 September 2008 - 12:05 AM

I totally disagree.
I expect no announcement and no deal this weekend.
Treasury said there will be no public funds to support a deal.
Potential suitors will hold the Treasury hostage - they have to walk out of negotiations to truly test the proposition that they can't get a governmental subsidy of any deal. 
They'd be remiss not to.
Asia will get slapped hard.
Rumors will swarm the New York pre-open - Gasbagarino will claim a deal is imminent or done.
Then, markets will open without a deal.
And LEH will get killed.
Along with everything else.

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aren't they already down like 80% in 4 days? ;)

You are predicting more killing? by hyenas or finished vultures?
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#50 capitall

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Posted 13 September 2008 - 12:07 AM

more LEH from: London Banker

"If one were cynical, and one believed that Lehman was going to be allowed to fail pour encouragement les autres one might wonder if Lehman was quietly bidden – or even explicitly ordered – to sell off its foreign holdings and repatriate the proceeds to asset classes within the US ring fence. This would ensure that US creditors of Lehman received a satisfactory recovery at the expense of foreign creditors. It would also contribute to a nice pre-election illusion of a “flight to quality” as US dollar and assets strengthened on the direction of flow."

http://londonbanker....lobal-bank.html

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Everyone's guessing what's happening. But Da Boyz are going to keep the public
all guessing until it's convenient for THEM to let us all know.

#51 roxy

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Posted 13 September 2008 - 12:22 AM

I totally disagree.
I expect no announcement and no deal this weekend.
Treasury said there will be no public funds to support a deal.
Potential suitors will hold the Treasury hostage - they have to walk out of negotiations to truly test the proposition that they can't get a governmental subsidy of any deal. 
They'd be remiss not to.
Asia will get slapped hard.
Rumors will swarm the New York pre-open - Gasbagarino will claim a deal is imminent or done.
Then, markets will open without a deal.
And LEH will get killed.
Along with everything else.

View Post


Just to clarify that the words "I expect some sort of announcement this weekend" were copied from the calculated risk.

As for me, I have no idea what will happen and I make no predictions.

My understanding is that this is the crisis of trust, not solvency. Lemon could be perfectly solvent. It could be even damn rich. But its books are so complicated that nobody, even itself, doesn't know how much they are worth - and hence the problem of trust. There are other broker-dealers to move your accounts to.

#52 roxy

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Posted 13 September 2008 - 12:27 AM

Is that a good moment for McClellan to roll over?

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#53 Charmin

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Posted 13 September 2008 - 12:39 AM

"Paulson made it clear to participants that no government bailout for Lehman should be expected" as the news would report.

Aw shucks, I was hoping to hear more about a leveraged buy-out from Comrades Bush, Paulson and Bernanke of the USSRA hedge fund.

Interesting rant from Nouriel Roubini of RGE http://www.rgemonito...blic_of_america
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#54 Charmin

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Posted 13 September 2008 - 12:48 AM

Is that a good moment for McClellan to roll over?

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"Currently, the New Highs have been dropping, which suggests that the underlying weakness in the market has increased. Note that New Lows have been trending up which is indicating abandonment of stock positions as some investors are losing hope or becoming despondent." http://www.stocktimi...arketUpdate.htm

As one stock letter said "The Market is Probably Finished... when stocks fall -30% , then the next -20% collapse is easy." http://www.traderreview.com

It probably looks like this:

SPX
http://www.StockShar..._1221281314.png
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#55 Goldmember

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Posted 13 September 2008 - 01:10 AM

Great Atlantic & Pacific...what do they do?

Bank? railroad? Shipping?....

I have no idea...but it bounced where it should have, I think... :unsure:

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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

#56 Charmin

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Posted 13 September 2008 - 01:12 AM

Sporatic transformers are blowing up in Houston as the wind is taking down power to over 600,000 now.

Houston needs air conditioning, but they are forecasting cooler weather next week after the storm passes.
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#57 Trader Joe

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Posted 13 September 2008 - 01:36 AM

Great Atlantic & Pacific...what do they do?

Bank? railroad? Shipping?....

I have no idea...but it bounced where it should have, I think... :unsure:

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That's the good 'ol A&P Supermarket here on the east coast. Incidentally, I think Rus(ty) Winter reco this about two weeks back or so.

#58 Goldmember

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Posted 13 September 2008 - 01:50 AM

That's the good 'ol A&P Supermarket here on the east coast.  Incidentally, I think Rus(ty) Winter reco this about two weeks back or so.

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A grocer? :mellow: :huh: Sounds like a railroad! :lol: That's what I thought at first.

I like it though...good pick by Russ, just a wee bit early.
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

#59 Lemur

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Posted 13 September 2008 - 03:22 AM

Great Atlantic & Pacific...what do they do?

Bank? railroad? Shipping?....

I have no idea...but it bounced where it should have, I think... :unsure:

View Post



Bounced? It got killed yesterday -20%.

Not safe to hold anything in this environment.

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#60 Brick Stoolhouse

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Posted 13 September 2008 - 05:26 AM

Ike Internet Media Overload

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To give an idea of how big this thing is they just said on the weather channel that its 600 miles across,the same width as the State of Texas! :o :o :o
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