Massive Selling Triggers Massive Decline M2M 8/24/09
#1
Posted 24 August 2009 - 04:02 PM
#2
Posted 24 August 2009 - 04:17 PM

#3
Posted 24 August 2009 - 04:23 PM
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Amoss says this bank won’t be able to pay the promised $1.5 billion dividend scheduled later this year, which will precipitate a crash in BMO’s stock by December
http://whispersfromt...ut-to-fail.html
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http://www.lewrockwe...i/sardi116.html
#4
Posted 24 August 2009 - 04:36 PM
"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
#5
Posted 24 August 2009 - 05:19 PM
"Bernard Madoff, who is serving 150 years in prison for defrauding investors of billions of dollars, hasn’t been diagnosed with cancer and isn’t terminally ill as a newspaper reported, the Federal Bureau of Prisons said. "
http://www.bloomberg...id=aS7KGjfiSj98
#7
Posted 24 August 2009 - 06:05 PM
From Edwin Lefevre, Reminiscences of a Stock Operator
#9
Posted 24 August 2009 - 06:17 PM
Fannie (FNM, Fortune 500) shares rose nearly 50% in afternoon trading, while Freddie (FRE, Fortune 500) jumped almost 30%.
The mortgage giants' Monday rally was sparked in large part by a jump in the shares of companies like AIG (AIG, Fortune 500) and Citigroup (C, Fortune 500), said Paul Miller, analyst at FBR Capital Markets and Co.
hope=words
"Only a man who knows what it is like to be defeated can ... come up with the extra ounce of power it takes to win." - Muhammad Ali
#10
Posted 24 August 2009 - 06:18 PM
shorty, on Aug 24 2009, 05:38 PM, said:
looks to me like we're now in a free-fall, totally out of control, with the government powerless to stop it
fer example, the inturday action in BAC crapcommon was terrifying
The utter decimation in the aftermath of today's .56 point selloff has some people calling for Geithner's head. Reports of secret meetings at the CNBC offices at 30 Rock with Blackwater bigwigs could not be confirmed. Dennis Knele was seen weeping uncontrollably and Larry Kudlow was reportedly on a ledge near the 50th floor.
William Eastlake 'The Bamboo Bed'
Totalitarianism calls ideology, philosophy.
Change you can suspend your disbelief in.
Fafnir
#11
Posted 24 August 2009 - 06:20 PM
I have a few guesses for the next 6 months:
1.SPX to 800 or less
2.Bond yields hit NEW LOWS.
3.Oil to 25 or less
4.Muni's RALLY another 20%+ from here
My only position is Muni's....Lots of em.
#12
Posted 24 August 2009 - 06:30 PM
Jorma, on Aug 24 2009, 06:18 PM, said:
Blackwater Worldwide renamed Xe as company tries to salvage its tarnished brand
Just Sayin'
#13
Posted 24 August 2009 - 06:32 PM
Even this POS is ramping....These would look spiffy at the night club...

The insatiable desire to chase trash is breathtaking....
#14
Posted 24 August 2009 - 07:08 PM
Trader Joe, on Aug 24 2009, 06:30 PM, said:
Just Sayin'
I came within a hairs breath of working for the Prince families company many years ago. Fine company to work for if sort of paternalistic. Was privately held and they took it public to cash out in the late 90's. Perfect timing. Same as another West Michigan company, Steelcase. Like Prince they paid well, mostly through bonuses. Obviously bonuses died the instant they were public corporations. I knew some people working for both and the moment I heard they were going public told them to get ready for a huge wage haircut. None of them believed me. Go figure.
That guy Eric with the haircut I had when I was 5, cowlick and all, is a real piece of work.
William Eastlake 'The Bamboo Bed'
Totalitarianism calls ideology, philosophy.
Change you can suspend your disbelief in.
Fafnir
#15
Posted 24 August 2009 - 07:12 PM
gov't needs to step in here quickly to prevent blood in the streets
they'll probably force cramdowns on the margin man
underwater stockowners will git their loan principal reduced, tax-free, down to the current markit value of their common
it's the right thing to do, they're innocent victims
this way everybody wins
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