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IDS World Markets Fri 19th September 08


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#46 DrStool

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Posted 19 September 2008 - 08:51 AM

Precious Metals - http://wallstreetexaminer.com/?p=3159

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#47 hokahay

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Posted 19 September 2008 - 08:52 AM

Lots of news noise from the Fed this morning on my trading platform. The Fed is purchasing this, that, and other to prop up the financial system. Oh boy . . .

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:lol: :lol:

and all boolish too.


oz1.jpg

#48 DrStool

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Posted 19 September 2008 - 08:53 AM

Good Morning!

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#49 Mothership

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Posted 19 September 2008 - 08:54 AM

SnP futures should lock limit up at 1268.20

Popcorn ready
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#50 Trader Joe

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Posted 19 September 2008 - 08:55 AM

Hey get rid of that oversized pic!

What's going on today in the markets, anything interesting?

WTF!!!!!!!!

Anything financial is up over 100-200% in less than 24 hours......

#51 DrStool

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Posted 19 September 2008 - 08:56 AM

U.S. Treasury to Insure Money-Market Fund Holdings (Update1)

By Brendan Murray

Sept. 19 (Bloomberg) -- The U.S. Treasury plans to use as much as $50 billion from the country's Exchange Stabilization Fund to temporarily protect investors from losses on money- market mutual funds.

The Treasury will insure for a year holdings of publicly offered money-market funds that pay a fee to participate in the program. Retail and institutional funds are eligible, the department said today in a statement.

``Money-market funds play an important role as a savings and investment vehicle for many Americans,'' the department said in the statement. ``They are also a fundamental source of financing for our capital markets and financial institutions. Maintaining confidence in the money-market fund industry is critical to protecting the integrity and stability of the global financial system.''

http://www.marketwat.....0}&dist=msr_3

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$50 billion?


BWAAAAHAHAHAHAHAHAHAHAHAHA!!!

BWAAAAHAHAHAHAHAHAHAHAHAHA!!!

BWAAAAHAHAHAHAHAHAHAHAHAHA!!!

BWAAAAHAHAHAHAHAHAHAHAHAHA!!!

BWAAAAHAHAHAHAHAHAHAHAHAHA!!!

BWAAAAHAHAHAHAHAHAHAHAHAHA!!!

BWAAAAHAHAHAHAHAHAHAHAHAHA!!!

BWAAAAHAHAHAHAHAHAHAHAHAHA!!!


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#52 Sudaca

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Posted 19 September 2008 - 08:58 AM

Wow.

Being in cash the last week alone made me miss 100 pts down in the SPX and 100 pts back up. I didn't make any money, and I didn't lose any money. I count myself lucky. The question on my mind is now about how long this could go. The 200 day mov avg for all major indexes over several weeks is my best guess at this point.
Thanks, David

#53 alceringa

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Posted 19 September 2008 - 08:58 AM

SPY closed last week right at 1261.

Looks like the worst week in financial history since the great depression might end up printing green for the week.

Whodathunkit?
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#54 rdkyote

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Posted 19 September 2008 - 09:00 AM

I think a +65.00 gap up in the spoos can be faded. Taking a shot anyway.

#55 Trader Joe

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Posted 19 September 2008 - 09:01 AM

Yesterday I made a joke that with all the Dow's runnning up and down, in the end we would end up 5pts on the week....I just minght hit that nail on the head....WHODATHUNK

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#56 DrStool

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Posted 19 September 2008 - 09:01 AM

OK. These are firsts.

Release Date: September 19, 2008
For release at 8:30 a.m. EDT

The Federal Reserve Board on Friday announced two enhancements to its programs to provide liquidity to markets. One initiative will extend non-recourse loans at the primary credit rate to U.S. depository institutions and bank holding companies to finance their purchases of high-quality asset-backed commercial paper (ABCP) from money market mutual funds. This should assist money funds that hold such paper in meeting demands for redemptions by investors and foster liquidity in the ABCP markets and broader money markets.

To further support market functioning, the Federal Reserve also plans to purchase from primary dealers federal agency discount notes, which are short-term debt obligations issued by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.

Statement Regarding Planned Purchases of Agency Debt 


The Fed has never before directly purchased Agencies. Until now it has been Treasuries only.

Second, the Fed will now finance worthless ABCP purchases. This is certain debasement of the currency. Non-recourse.

Wow.

They plan on accelerating the bankrupting of the US government.

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#57 DrStool

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Posted 19 September 2008 - 09:02 AM

10 year Treasury yields up 33 bp at 3.80. wow.

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#58 DrStool

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Posted 19 September 2008 - 09:03 AM

They have killed the golden goose. 13 week bill rates now at 0.8, having hit 0.95, after being effectively at zero all day yesterday.

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#59 Trader Joe

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Posted 19 September 2008 - 09:03 AM

....and AIG has just rolled into my $4-7 target zone

Pre open indication $4.27

Congrats to those that bought call option lottery tickets the other day

#60 potatohead

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Posted 19 September 2008 - 09:03 AM

Statement Regarding Planned Purchases of Agency Debt

The Federal Reserve has announced that the Open Market Trading Desk (Desk) will begin purchasing short-term debt obligations issued by Fannie Mae, Freddie Mac and the Federal Home Loan Banks in the secondary market for the System Open Market Account.
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