http://finance.yahoo.com/intlindices

http://money.cnn.com/markets/morning_call/










http://www.kitco.com

Energy futures

Currencies/Au/Ag

Does anyone know a good place to buy self built computer parts on the east coast or anywhere in the state or Canada???

Hoping to buy it cheap while on my annual break with butt wipes is in the gutter

Is Mwave.com Any good??? TIA


Many Thanks

If one is housing Bears then Buying FNM may be a good idea

Fed has to do nothing when Foreign Central bankers are providing the subsidies

4 Day Round Trip on the AllORBS.

Euroland







http://finance.yahoo.com/intlindices?e=europe

Not a peep out of this guy when the market was dropping 800 points, but as soon as it's up a couple hundred in a day, ooops, there he is with more inscrutable nonsense.

Bulls are like that. They only show up on up days so that they can say, "See, I told you so."

For some reason, the WSE Pro market update got stuck in the ether last night and never made it to posting. The error has been corrected and the update is now available. Sorry for any inconvenience.

Any "short" suggestions for after the Fed today?

Buehler???? Anyone???? Anyone????

Good Morning!

Welcome to Intraday Stool! Thanks to aussiebear for her daily opening! Get well soon a-b!

You can join the discussion by registering (PG rated user names only, please) and posting here as well.

Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. To keep out spammers and scammers, I'll send you an email with a few Monty Python type questions. Just reply with your answers, and I'll approve your registration as soon as I receive your reply.

If you have questions about how to register and post, use the Help link in the menu bar at the top of the page.

If you know others who might be interested in joining us, use the email to a friend link above the thread.

Many tanks for joining us!

Doc


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Bernanke is right. Unit labor cost and productivity data proves it. Not only are inflationary pressures still there, but the fact that productivity is weaker than expected and has been revised downward in the past means that trend growth in the US is much lower than previously thought, which means that not even the slowdown we're seeing is enough to alleviate higher price costs.

Is he talking this AM?

qqqq 3 day cycle indicators on sell side since the pre market.

8 day cycle Ma flat around 47.80, busted. 5 day cycle MA 47.72

spx nailed for 10 points at the open.

bwahaha

hui gettin moidalized.

In the opening minutes the NASDAQ has given up almost 1/2 of yesterdays gain

I want to remind folks that the WSE Pro got OUT of its gold stock long chart picks near the peak of the recent rally, and has not gone back IN yet.

Are you trading the gold stocks? Do you subscribe to the Wall Street Examiner Professional Edition Precious Metals report? At $39 quarterly, perhaps you should.

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space needle formation on spx has come back down to the 8 day cycle Ma turning flat around 1456. 5 day is in a slight upslope at 1452.26.

Over the past 4 weeks, the script have been...
Up on Monday
Down on Tuesday <---we are here
Up BIG on Wednesday
Down on Thursday
Down BIG on Friday

qqqq gonna try again. no 5 day cycle sell signals yet, and 5 day cycle MA at 47.73 held. Still an unmet 3 day cycle projection of 48.25. No buy signals yet on 5 hr cycle however,

hui trying to hold at yesterday's low.

Now that's the kind of chart even I can understand!

K-I-S-S

Trading Options Can Be Fun!!!

I have been trading options in SLM lately (amoung other buyout monkey's) and I was stuck in a position where I could't get a good ASK in order to exit. The fun thing about the thinly traded stuff (2009's, 2010's) is that you can see the impact you have on the BID/ASK and in many cases -- like the one above -- it's you against some other dope.

Well I checked out the ASK price this morning and nailed the guys ASK before he had a chance to update it.....WAH HA HA HA.......that was great!!!

KA-CHING-GO

HUI got schtick-saved at the 320ish level six times this year already. That strikes me as rather curious. If 320 was strong support, why would it need to be tested six times in five months?

If/when that line fails, looks like it would head back to triple-support from 2006 at around 270-275, that's 15%+ lower.

However, it should be noted that key L/T support is actually 260-262. That's the Big Dog Level.

Short ES at 1471.25

FNM on CRACK

The "I Believe" rally is back on!

MOASS!

The early bird gets the worm.

I may have missed the explanation in an earlier post regarding FNM. But what's behind this rally?

Out at 1471.00..

Looks like we going higher.

lots of crank

DJ Fed Accepts $7.25 Bln In Overnight RPs

Type of transaction: Overnight RPs
Total accepted: $7.25 Bln
Total submitted: $39.75 Bln

Agency Collateral Operation
Total accepted: $2.467 Bln
Total submitted: $15.05 Bln
Stop-Out Rate: 5.26%
Weighted Average: 5.26%
High-rate submitted: 5.27%
Low-rate submitted: 5.1%

Treasury Collateral Operation
Total accepted: $1.126 Bln
Total submitted: $17 Bln
Stop-Out Rate: 5.17%
Weighted Average: 5.17%
High-rate submitted: 5.18%
Low-rate submitted: 5%

Mortgage-Backed Collateral Operations
Total accepted: $3.657 Bln
Total submitted: $7.7 Bln
Stop-Out Rate: 5.27%
Weighted Average: 5.28%
High-rate submitted: 5.28%
Low-rate submitted: 5.25%

(Data was provided by the New York Federal Reserve Bank).

Rumor that BofA to take over CFC - bond spreads are ripping tighter.

This would be the 3rd time this rumor have surface. Isn't this getting old?

If you like it at 45 then you'll love it at 28!!

We got follow thru on the upside for GS and BSC.
Caution if you are a bear.

You guys are ignoring the big picture.

There is no volume. Everything you see is jerk-off until the announcement.

I was short CFC on 1/26 and got smoked for 10% when this rumor surfaced.
There should be consequences for this kind of sh#t.
Maybe this time I'll get my money back and short when the rumor dies down.

The rating agencies have been discussing their model's and why they are so wrong. Fitch this morning will have a news conference to discuss their rating model's for NO DOC loans, turns out they have no idea what the debt level of the borrower was and the DTI used used may be completely useless. No wonder the credit markets are frozen.

Post No. 7

Post No. 35


Post No 9

And this comes as a surprise to them, honestly? These are no doc loans! The reason people went no doc is because if they went the full doc route they wouldn't have qualified. So you got a pool of unqualified applicants taking on loans they can't afford. Model that! Seems perfectly obvious. I guess you have to be a math major to understand this stuff, not.

I was looking into this rumor about the 8% jumbo in California. I went to HSH where I go to track California rates available. Check out:

http://www.hsh.com/ls-ca.html

You can also check your state as well. HSH has a very good reputation for accuracy but DYOD. The number there were all updated on Monday or Tuesday of this week.

The fact is there are still plenty of sources for cheap 6.X percent jumbo loans available in California. Much to my ire. I would surely like to see these puppies jacked up to 9%! But alas reality is what reality is. Maybe this autumn they'll finally jack up rates but not yet. For now the bubble goes on in $1M 1300 ft2 cracker boxes in the SF Bay Area.

My name is Sandy and I am a bitter renter.

Here's a follow-up to last night's questions about broker solvency/insurance. I called Ameritrade this am and talked with someone from the "guidance solution team." I was concerned about money market sweep accounts that they implemented last year. They said the FDIC insures the money market sweep accounts up to $100k, and they're invested in mostly treasuries (he wouldn't mention any other fixed income). Cash and securities are insured by the SIPC up to $100k. This isn't much, but it's something (and, as Doc pointed out, it could take months to collect). But what I didn't realize was that they have their own insurance up to $25m p/account! I couldn't believe it, but the guy assured me this was the case. I can't imagine what their premiums cost.
I feel a little better unless there are other reasons to be concerned with this?

(GOOG) Good short entry here with stop above 520.

Looks like a head and shoulder pattern.

Excellent article this AM from the MSM: at bit;


http://money.cnn.com/2007/08/06/markets/pr...tune/index2.htm

The same leverage that magnified their returns will multiply their losses, with potentially dire effects. Here's what the worst-case scenario might look like: As the hedge funds get margin calls from Wall Street, they're forced to dump their holdings of loans and bonds to raise cash. The glut of distressed debt for sale crashes prices and pushes yields to towering levels. Then everyone holding high-yield debt, from Asian banks to small investors with money in junk-bond mutual funds, will take a horrendous pounding.

What we're seeing here is simply sanity returning to the market. And as always in the aftermath of a bubble,

Premiums not that much because most of the accounts are probably in the $100-$25,000 range.....some more in the $100,000-500,000 range.....I doubt that have too many multi-million $ accounts.....and probably nothing north of $10 million. In addition, they way these banking/broker accounts work is that they have a $25M per account policy with a $25 M per account deductible and for this policy (known as a "fronting policy" in industry garb) they pay very little premium.....and it allows them to tout that they have insurance.....I was in the commercial insurance industry for years prior to retiring, so please don't "holla back".... Pretty much all large companies in any industry operate this way -- they "front" the high frequency/low dollar stuff and only buy insurance for catastrophic loss -- think the utility truck hitting the full school bus that then bursts into flames.

Lower lows, lower highs over the past 10 trading days.
1476 looks like a important number.