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#1 swordfish

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Posted 16 July 2009 - 03:52 PM

WTF?

This rally, is THIS rally, WoW. Lets see if they can break 945. If yes, then.... I dont understand anything :blink:


EDIT: my clock in windows was hmmm broken so I opened this thread to early, about 10 minutes before the end of the session
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#2 swordfish

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Posted 16 July 2009 - 04:14 PM

IBM Reports 2009 Second-Quarter Results

-- Diluted earnings of $2.32 per share, up 18 percent;
-- Raises full-year 2009 EPS expectations to at least $9.70 from $9.20;
-- Free cash flow of $3.4 billion; cash balance of $12.5 billion;


-- Net income of $3.1 billion, up 12 percent; net margin of 13.3 percent,
up 3.0 points;
-- Pre-tax income margin of 18.3 percent, up 4.1 points; largest increase
in more than 3 years;
-- Gross profit margin of 45.5 percent, up 2.3 points; up 19 of last 20
quarters;
-- Revenue of $23.3 billion, down 13 percent, or 7 percent adjusting for
currency;
-- Software pre-tax margin up 8.3 points; income up 24 percent;
-- Full-year 2009 Software pre-tax income expected to grow at double-digit
rate and reach $8 billion;
-- Services pre-tax margin up 4.1 points; income up 23 percent;
-- Services signings up 3 percent; strategic outsourcing signings up 38
percent, both adjusting for currency;
-- 17 services deals greater than $100 million;
-- Public sector revenue up 7 percent, adjusting for currency.


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#3 juggler

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Posted 16 July 2009 - 04:17 PM

ANALists say CIT needs 6 Billion, gubermint stress test had figured 4 Billion in worst case scenario some weeks ago.

http://www.bloomberg...id=acxdfpkxaB5c

"CIT Group Inc. bondholders are holding calls today to discuss whether to swap some of their claims for equity to reduce the 101-year-old lender’s indebtedness, according to a person familiar with the situation.

Pacific Investment Management Co., CIT’s largest bondholder based on regulatory filings, plans to host a call, and debt owners are considering hiring financial and legal advisers"

Had no idea PIMPCO was a major bagholder on this one.

http://www.bloomberg...id=a0kAlJZXFtzQ


I am guessing they loaded up when they saw CIT in trouble and were hoping/counting on US Taxpayers to pay them big bucks. Didn't they do the same with USTreas/FNM/FRE? I that case they did make a lot of dough.

#4 shorty

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Posted 16 July 2009 - 04:24 PM

them common stocks is risky

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#5 Sudaca

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Posted 16 July 2009 - 04:45 PM

:lol: :lol: :lol:

Subject: Latest Directive from 10 Downing Street


Subject: The PM's New Directive.





10 Downing Street
London SW1


Dear People of the United Kingdom

Due to the current financial situation caused by the slowdown of the
economy, your Government has decided to implement a scheme to put
workers 50 years of age and older on early retirement. This scheme
will
be known as RAPE (Retire Aged People Early).

Persons selected to be RAPED can apply to the government to be
eligible
for the SHAFT scheme (Special Help After Forced Termination).

Persons who have been RAPED and SHAFTED will be reviewed under the
SCREW
program (Scheme Covering Retired Early Workers). A person may be
RAPED
once, SHAFTED twice and SCREWED as many times as the government deems
appropriate.

Only persons who have been RAPED can get AIDS (Additional Income for
Dependants & Spouse) or HERPES (Half Earnings for Retired Personnel
Early Severance). Obviously, persons who have AIDS or HERPES will
not be
SHAFTED or SCREWED any further by the government.

Persons who are not RAPED and are staying on, will receive as much
SHIT
(Special High Intensity Training) as possible. The government has
always
prided itself in the amount of SHIT it gives out. Should you feel
that
you do not receive enough SHIT, please bring this to the attention of
your local MP. They have been trained to give you all the SHIT you
can
handle.

Sincerely,

Gordon Brown


Thanks, David

#6 Bungster

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Posted 16 July 2009 - 04:50 PM

I fear the US equity markets will continue to go up as long as the dinar continues to fall....Make it stop momy....

tantrum.jpg
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#7 Sudaca

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Posted 16 July 2009 - 04:52 PM

I kind of agree with that view.

I'm currently long BVN and PCU.
Thanks, David

#8 Bungster

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Posted 16 July 2009 - 04:53 PM

IBM beats on sales decline....WTF?? It's the damn dollar dropping that is doing this! Fornicators!! :angry:
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#9 Peek Paper

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Posted 16 July 2009 - 05:05 PM

I fear the US equity markets will continue to go up as long as the dinar continues to fall....Make it stop momy....

Some day, any day now, gold will pop limit up and all the dinars will dump equities and bolt to PM's.

I know this will happen.

I really do.

Really.

Any day now.

Just you wait ... :angry:
The deeper you dig into a pile of dung, the worse it smells ...

#10 Bungster

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Posted 16 July 2009 - 05:15 PM

I guess you could look at it as a - Who wants to own a rapidly depreciating asset (Dollar) when they can diversify to something else of some real? value? :rolleyes:
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#11 patents

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Posted 16 July 2009 - 05:16 PM

IBM beats on sales decline....WTF?? It's the damn dollar dropping that is doing this! Fornicators!!


They upped guidance and said that they can continue to wring costs out and increase their profitability (despite declining top line revenues).

With employers experiencing a glut of electrical engineers and similar disciplines as well as bountiful Indian and other workers in the Asian regions at lower costs, it is a great time to be a capitalist in these times of recession.

#12 Sudaca

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Posted 16 July 2009 - 05:38 PM

Something of note happened today in EM bond land.

The JPM EMBI+ index rose to an all time high. Well, at least since it began in 1993.
Thanks, David

#13 Bungster

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Posted 16 July 2009 - 06:16 PM

Been noticing the A/D this week...very similar to the second week of March :ph34r: A solid week with no pullbacks.. <_<
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#14 cwd

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Posted 16 July 2009 - 06:18 PM

Something of note happened today in EM bond land.

The JPM EMBI+ index rose to an all time high. Well, at least since it began in 1993.



Suds, glad to see you posting. How are things in Peru? ;)

#15 cwd

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Posted 16 July 2009 - 06:20 PM

Here is a real rant. :lol:







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