Full Version: Never A Bull Moment
Stool Pigeons Wire Message Board > Stock Market Message Board > Mark To Market - Stock Market Message Board
Actually, there were a few bull moments today, but overall there were more dull moments. They say, don't short a dull market. I wonder why.
daily check of Crammer's Touts....
way to call 'em Jimmy!
way to call 'em Jimmy!
They put a bit of a bid under the Homies today...except the Beaz, lol. I'm surprised there wasn't more action on them with the LEN deal, but perhaps that is a reflection of how truly awful the fundamentals and future are on the sector.
QUOTE(shorty @ Dec 3 2007, 04:07 PM)
daily check of Crammer's Touts....
way to call 'em Jimmy!
way to call 'em Jimmy!
GOOG down 11.06.
Mies, did you see my post in IDS that there was a story out on DJ Newswire about how LEN's supposed good news about selling that land was actually a desperation move to grab the tax loss, and the article even said it showed how frantic they were to make their books look better for their end of fiscal year.
EDIT: just looked again and I see that a last-minute savior came in to paint the homies. One particular little crapper, BXG, actually ended up a penny after being down much of the day. I'm sure that's a vote of confidence in the viability of the time-share sector in this great economy.
QUOTE(Drano @ Dec 3 2007, 03:15 PM)
QUOTE(shorty @ Dec 3 2007, 04:07 PM)
daily check of Crammer's Touts....
way to call 'em Jimmy!
way to call 'em Jimmy!
GOOG down 11.06.
Mies, did you see my post in IDS that there was a story out on DJ Newswire about how LEN's supposed good news about selling that land was actually a desperation move to grab the tax loss, and the article even said it showed how frantic they were to make their books look better for their end of fiscal year.
No...thank you for the heads up Drano, i wasn't on IDS at all today...will check it out.
Mr. Market was REALLY exciting today... 
[attachmentid=93269]
[attachmentid=93269]
Does anybody have an opinion on how close the Treasuries are to collapsing??
Or how close the somnambulistic Tip and Tapster purchasers are to realising that there's not a dime's worth of profit at the current rates??
And whether or not this fact is like a vernier caliper measuring distances in micro inches, the mechanical equivalent to watching paint dry ?
This rush towards safety is continually reminding me of an already overloaded lifeboat getting even more loaded...
And the resemblance it has of being a high risk instrument (collateralised by toxic fiat) with its risk premium as narrow as the crack in a plumber's ass.
Why do sheeple see T-Bills as scecure as pews in Steeples??
beardrech
Or am I becoming Amblymyopic???
Or how close the somnambulistic Tip and Tapster purchasers are to realising that there's not a dime's worth of profit at the current rates??
And whether or not this fact is like a vernier caliper measuring distances in micro inches, the mechanical equivalent to watching paint dry ?
This rush towards safety is continually reminding me of an already overloaded lifeboat getting even more loaded...
And the resemblance it has of being a high risk instrument (collateralised by toxic fiat) with its risk premium as narrow as the crack in a plumber's ass.
Why do sheeple see T-Bills as scecure as pews in Steeples??
beardrech
Or am I becoming Amblymyopic???
2yr swap spread back above 100bps again.
All is definitely not well.
All is definitely not well.
QUOTE(beardrech @ Dec 3 2007, 02:24 PM)
Does anybody have an opinion on how close the Treasuries are to collapsing??
Or how close the somnambulistic Tip and Tapster purchasers are to realising that there's not a dime's worth of profit at the current rates??
And whether or not this fact is like a vernier caliper measuring distances in micro inches, the mechanical equivalent to watching paint dry ?
This rush towards safety is continually reminding me of an already overloaded lifeboat getting even more loaded...
And the resemblance it has of being a high risk instrument (collateralised by toxic fiat) with its risk premium as narrow as the crack in a plumber's ass.
Why do sheeple see T-Bills as scecure as pews in Steeples??
beardrech Or am I becoming Amblymyopic???
Or how close the somnambulistic Tip and Tapster purchasers are to realising that there's not a dime's worth of profit at the current rates??
And whether or not this fact is like a vernier caliper measuring distances in micro inches, the mechanical equivalent to watching paint dry ?
This rush towards safety is continually reminding me of an already overloaded lifeboat getting even more loaded...
And the resemblance it has of being a high risk instrument (collateralised by toxic fiat) with its risk premium as narrow as the crack in a plumber's ass.
Why do sheeple see T-Bills as scecure as pews in Steeples??
beardrech
Or am I becoming Amblymyopic???Foreign num-nuts are expressing confidence in the US government, economy, and dollar.
They want Uncle Sam to bail out the entire housing market. How generous of them.
QUOTE(DrStool @ Dec 3 2007, 04:03 PM)
Actually, there were a few bull moments today, but overall there were more dull moments. They say, don't short a dull market. I wonder why.
I'll take a chance Dok---Look I got my hands up,c'mon let me answer,Pleeze.....
Could it be because they are running out of Liquidity? That they're so dry they cant even take a healthy piss let alone drive a bunch of stocks high, higher or highest???
This is strictly an intuitive answer based simply on the sly way you asked it Dok...as if you were feigning ignorance, but really knew something
Am I correct?
If so Id really like to be rewarded with 10 cans of Bumble bee Tuna Fish...
OH,I see BD; You'd like a reward would you? Tuna fish eh? 10 cans worth Well Hows about this..
beardrech
OOOOf,Owwww,*(^%$&#@<>----There BD, how triumphant do you feel now you spasmodic twerp??...Stop jerking your hand upwards all the time...The next time you do so Ill rip it out by the roots and jam it where the sun dont shine so you can play ventriloquist to yourself...
If
*DJ Wells Fargo $3B 10-Yr Yields 5.68%; Treasurys +1.83
Then
Why would Citigroup need to pay 11%?
*DJ Wells Fargo $3B 10-Yr Yields 5.68%; Treasurys +1.83
Then
Why would Citigroup need to pay 11%?
QUOTE(Sudaca @ Dec 3 2007, 04:32 PM)
2yr swap spread back above 100bps again.
All is definitely not well.
All is definitely not well.
Whenever you mention those spreads....my reaction is...
[attachmentid=93273] I start to drool...........
QUOTE(potatohead @ Dec 3 2007, 02:00 PM)
If
*DJ Wells Fargo $3B 10-Yr Yields 5.68%; Treasurys +1.83
Then
Why would Citigroup need to pay 11%?
*DJ Wells Fargo $3B 10-Yr Yields 5.68%; Treasurys +1.83
Then
Why would Citigroup need to pay 11%?
WFC is a much more conservative operator than C.
No wonder these guys make the mega bucks with observations like these.. 
Wall Street analysts have recently cautioned that a turnaround for the U.S. auto sector would be at risk if the economic slowdown that began in the second half of this year deepened into an outright recession in 2008.
http://www.reuters.com/article/ousiv/idUSN0343205520071203
Wall Street analysts have recently cautioned that a turnaround for the U.S. auto sector would be at risk if the economic slowdown that began in the second half of this year deepened into an outright recession in 2008.
http://www.reuters.com/article/ousiv/idUSN0343205520071203
as they say the road to hell is paved with 'good intentions'..
"When people see the government getting involved in another program that has good intentions, people tend to get very skeptical," said Peter Kenny, managing director at Knight Equity Markets in Jersey City, New Jersey.
http://www.reuters.com/article/hotStocksNe...235606420071203
"When people see the government getting involved in another program that has good intentions, people tend to get very skeptical," said Peter Kenny, managing director at Knight Equity Markets in Jersey City, New Jersey.
http://www.reuters.com/article/hotStocksNe...235606420071203
QUOTE(shorty @ Dec 3 2007, 05:07 PM)
daily check of Crammer's Touts....
way to call 'em Jimmy!
way to call 'em Jimmy!
that might be the funniest pic ever...........
Carl Futile is at it again...........
Spiders - December S&P E-mini Futures: Last week’s 1406 low ended the decline from the October 11 top at 1587. I think a 30-50 point break has begun from Friday’s high at 1492. I haven’t entered any orders yet but I expect to be a buyer of the e-minis after the market drops below the 1470 level. We are in the early stages of a move which will carry above the 1600 level.
If Carl is looking for some downside action here..... Cover yer shorts and run fer your lives....
http://carlfutia.blogspot.com/
Spiders - December S&P E-mini Futures: Last week’s 1406 low ended the decline from the October 11 top at 1587. I think a 30-50 point break has begun from Friday’s high at 1492. I haven’t entered any orders yet but I expect to be a buyer of the e-minis after the market drops below the 1470 level. We are in the early stages of a move which will carry above the 1600 level.
If Carl is looking for some downside action here.....
Cover yer shorts and run fer your lives.... http://carlfutia.blogspot.com/
Some interesting comments from Dr. John Hussman. Note the last sentence.
Let me preface this analysis by stressing again that my intention is not to drive investors out of well considered investment plans. There is nothing wrong with a buy-and-hold approach provided investors are aware of how strong the impulse is to abandon that strategy only after deep declines. I appeared briefly on Crapvision last week to discuss recession risk, but beforehand, I was asked to put a positive tone on my comments, to which I responded – “Look, my interest is in making sure that investors have positions that they are able to hold through the complete market cycle, including a potential 30% bear market loss off the highs, without having their financial security endangered. If they're carrying more risk than they could endure through the course of a bear market, they should cut back now. I'm not going to wave my arms around about doom and gloom, but I think it's a crucial time for investors to think about the risk they're taking, and if you don't want me to say that, please don't have me on.” Well, I went on, and though we ran short of time, that's still my message
That's CNBS way, they have bears on, they just cut them off.
http://www.hussman.net/wmc/wmc071204.htm
Let me preface this analysis by stressing again that my intention is not to drive investors out of well considered investment plans. There is nothing wrong with a buy-and-hold approach provided investors are aware of how strong the impulse is to abandon that strategy only after deep declines. I appeared briefly on Crapvision last week to discuss recession risk, but beforehand, I was asked to put a positive tone on my comments, to which I responded – “Look, my interest is in making sure that investors have positions that they are able to hold through the complete market cycle, including a potential 30% bear market loss off the highs, without having their financial security endangered. If they're carrying more risk than they could endure through the course of a bear market, they should cut back now. I'm not going to wave my arms around about doom and gloom, but I think it's a crucial time for investors to think about the risk they're taking, and if you don't want me to say that, please don't have me on.” Well, I went on, and though we ran short of time, that's still my message
That's CNBS way, they have bears on, they just cut them off.
http://www.hussman.net/wmc/wmc071204.htm
QUOTE(Bungster @ Dec 3 2007, 05:38 PM)
Carl Futile is at it again...........
Spiders - December S&P E-mini Futures: Last week’s 1406 low ended the decline from the October 11 top at 1587. I think a 30-50 point break has begun from Friday’s high at 1492. I haven’t entered any orders yet but I expect to be a buyer of the e-minis after the market drops below the 1470 level. We are in the early stages of a move which will carry above the 1600 level.
If Carl is looking for some downside action here..... Cover yer shorts and run fer your lives....
http://carlfutia.blogspot.com/
Spiders - December S&P E-mini Futures: Last week’s 1406 low ended the decline from the October 11 top at 1587. I think a 30-50 point break has begun from Friday’s high at 1492. I haven’t entered any orders yet but I expect to be a buyer of the e-minis after the market drops below the 1470 level. We are in the early stages of a move which will carry above the 1600 level.
If Carl is looking for some downside action here.....
Cover yer shorts and run fer your lives.... http://carlfutia.blogspot.com/
Let's be careful with our indicator here... he's still decidedly bullish but looking at a pullback for re-entry. As with all indicators, it is highly dependent on your timeframe
QUOTE(Phil Late Show @ Dec 3 2007, 05:47 PM)
QUOTE(Bungster @ Dec 3 2007, 05:38 PM)
Carl Futile is at it again...........
Spiders - December S&P E-mini Futures: Last week’s 1406 low ended the decline from the October 11 top at 1587. I think a 30-50 point break has begun from Friday’s high at 1492. I haven’t entered any orders yet but I expect to be a buyer of the e-minis after the market drops below the 1470 level. We are in the early stages of a move which will carry above the 1600 level.
If Carl is looking for some downside action here..... Cover yer shorts and run fer your lives....
http://carlfutia.blogspot.com/
Spiders - December S&P E-mini Futures: Last week’s 1406 low ended the decline from the October 11 top at 1587. I think a 30-50 point break has begun from Friday’s high at 1492. I haven’t entered any orders yet but I expect to be a buyer of the e-minis after the market drops below the 1470 level. We are in the early stages of a move which will carry above the 1600 level.
If Carl is looking for some downside action here.....
Cover yer shorts and run fer your lives.... http://carlfutia.blogspot.com/
Let's be careful with our indicator here... he's still decidedly bullish but looking at a pullback for re-entry. As with all indicators, it is highly dependent on your timeframe
My bearish interpretation would be that there's a pullback to 1470, he buys with all he's got, THEN it tanks.
Are futures really dead flat, or is there a problem with the quote?
Article about the Paulson Poop called "No Help for You."
http://money.cnn.com/2007/12/03/real_estat...eymag/index.htm
"The limited scope of the plan has caused some consumer advocates to ask if it goes far enough."
http://money.cnn.com/2007/12/03/real_estat...eymag/index.htm
"The limited scope of the plan has caused some consumer advocates to ask if it goes far enough."
QUOTE(Drano @ Dec 3 2007, 06:00 PM)
QUOTE(Phil Late Show @ Dec 3 2007, 05:47 PM)
QUOTE(Bungster @ Dec 3 2007, 05:38 PM)
Carl Futile is at it again...........
Spiders - December S&P E-mini Futures: Last week’s 1406 low ended the decline from the October 11 top at 1587. I think a 30-50 point break has begun from Friday’s high at 1492. I haven’t entered any orders yet but I expect to be a buyer of the e-minis after the market drops below the 1470 level. We are in the early stages of a move which will carry above the 1600 level.
If Carl is looking for some downside action here..... Cover yer shorts and run fer your lives....
http://carlfutia.blogspot.com/
Spiders - December S&P E-mini Futures: Last week’s 1406 low ended the decline from the October 11 top at 1587. I think a 30-50 point break has begun from Friday’s high at 1492. I haven’t entered any orders yet but I expect to be a buyer of the e-minis after the market drops below the 1470 level. We are in the early stages of a move which will carry above the 1600 level.
If Carl is looking for some downside action here.....
Cover yer shorts and run fer your lives.... http://carlfutia.blogspot.com/
Let's be careful with our indicator here... he's still decidedly bullish but looking at a pullback for re-entry. As with all indicators, it is highly dependent on your timeframe
My bearish interpretation would be that there's a pullback to 1470, he buys with all he's got, THEN it tanks.
You know....that makes more sense than my ramble....
Gotta go....date with the nurse..
[attachmentid=93275]
a day on the slopes in Beaver Creek and I see QID is almost going to fill the gap still putting on INFY
qid target 40.
still putting on INFY qid target 40.
you can't please all of the people,all of the time..
from Dranos article...
"It won't help the majority," said Lisa Rice, vice president of the National Fair Housing Alliance, a national organization dedicated to ending housing discrimination. "It's only going to help that one bucket, and it's hard to say how large that bucket will be without knowing the details of how the Treasury Department will assess affordability."
there is a hole in my bucket dear Liza,dear Liza...
from Dranos article...
"It won't help the majority," said Lisa Rice, vice president of the National Fair Housing Alliance, a national organization dedicated to ending housing discrimination. "It's only going to help that one bucket, and it's hard to say how large that bucket will be without knowing the details of how the Treasury Department will assess affordability."
there is a hole in my bucket dear Liza,dear Liza...
QUOTE(Drano @ Dec 3 2007, 05:00 PM)
QUOTE(Phil Late Show @ Dec 3 2007, 05:47 PM)
QUOTE(Bungster @ Dec 3 2007, 05:38 PM)
Carl Futile is at it again...........
Spiders - December S&P E-mini Futures: Last week’s 1406 low ended the decline from the October 11 top at 1587. I think a 30-50 point break has begun from Friday’s high at 1492. I haven’t entered any orders yet but I expect to be a buyer of the e-minis after the market drops below the 1470 level. We are in the early stages of a move which will carry above the 1600 level.
If Carl is looking for some downside action here..... Cover yer shorts and run fer your lives....
http://carlfutia.blogspot.com/
Spiders - December S&P E-mini Futures: Last week’s 1406 low ended the decline from the October 11 top at 1587. I think a 30-50 point break has begun from Friday’s high at 1492. I haven’t entered any orders yet but I expect to be a buyer of the e-minis after the market drops below the 1470 level. We are in the early stages of a move which will carry above the 1600 level.
If Carl is looking for some downside action here.....
Cover yer shorts and run fer your lives.... http://carlfutia.blogspot.com/
Let's be careful with our indicator here... he's still decidedly bullish but looking at a pullback for re-entry. As with all indicators, it is highly dependent on your timeframe
My bearish interpretation would be that there's a pullback to 1470, he buys with all he's got, THEN it tanks.
It's all noise until he puts his patented 25 point stop on.
QUOTE(Brisbane Bear @ Dec 3 2007, 05:03 PM)
you can't please all of the people,all of the time..
from Dranos article...
"It won't help the majority," said Lisa Rice, vice president of the National Fair Housing Alliance, a national organization dedicated to ending housing discrimination. "It's only going to help that one bucket, and it's hard to say how large that bucket will be without knowing the details of how the Treasury Department will assess affordability."
there is a hole in my bucket dear Liza,dear Liza...
from Dranos article...
"It won't help the majority," said Lisa Rice, vice president of the National Fair Housing Alliance, a national organization dedicated to ending housing discrimination. "It's only going to help that one bucket, and it's hard to say how large that bucket will be without knowing the details of how the Treasury Department will assess affordability."
there is a hole in my bucket dear Liza,dear Liza...
Why not just do it for everybody?
Just print the money!
This has nothing to do with helping anyone that can't afford the mortgage they agreed to. It's all about keeping these funds from being repriced at market value.
We are no different than the Soviet Union was before its demise. People standing in line for hours for a loaf of bread were told that there were no shortages.
Today, we are told that the funds we have in our portfolios are worth what they say on the statement that comes every month. Anybody with a brain knows that they are not.
Gotta keep J6P from knowing the real value of his investments - at least until they are able to get theirs out.
Doc, thank you for the housing update on WSE Pro. I didn't realize that was a feature and it was a nice surprise today. Being significantly short (for me anyways) the HB and RE market it is nice to see some of those statistical compilations in one place. (seeing Minneapolis' statistics, not so great...doh!)
Speaking of Homies...you know the industry is in deep ca-ca when the CEO of a major builder is dissuading people against buying with comments like this:
Toll also said home prices "may not have stopped falling yet," adding that it may not "be the best time to buy a home."
Toll also said home prices "may not have stopped falling yet," adding that it may not "be the best time to buy a home."
QUOTE(Mies van der Rump @ Dec 3 2007, 07:46 PM)
Doc, thank you for the housing update on WSE Pro. I didn't realize that was a feature and it was a nice surprise today. Being significantly short (for me anyways) the HB and RE market it is nice to see some of those statistical compilations in one place. (seeing Minneapolis' statistics, not so great...doh!)
You're welcome. I used to write it more often, but it gets tiresome writing the same damn thing week after week, month after month, year after year. Back in 04 and 05 it was much more fun when, as a prophet of doom, I got to yell and scream every week about what was going to happen. Now that it's really happening, it's not fun.
QUOTE(MrHanky @ Dec 3 2007, 03:37 PM)
QUOTE(shorty @ Dec 3 2007, 05:07 PM)
daily check of Crammer's Touts....
way to call 'em Jimmy!
way to call 'em Jimmy!
that might be the funniest pic ever...........
I dun the perfessnul editn' job all by me self
luckily Doc didn't edit it out
there's still a place in the world fer folks like us
right here on the Stool!not that I got nuthin' gainst them more austere pubications like the New England Journal of Medicine, Wall Street Examiner, Scientific American, etc.
QUOTE(4shzl @ Dec 3 2007, 03:11 PM)
QUOTE(potatohead @ Dec 3 2007, 02:00 PM)
If
*DJ Wells Fargo $3B 10-Yr Yields 5.68%; Treasurys +1.83
Then
Why would Citigroup need to pay 11%?
*DJ Wells Fargo $3B 10-Yr Yields 5.68%; Treasurys +1.83
Then
Why would Citigroup need to pay 11%?
WFC is a much more conservative operator than C.
also reamember a huge difference
them 11% C deals are CONvertibles aSS I unnerstand it
not Bonds
i.e., sure they pay 11% interest, butt after a few years they pay back NO (zip, nada) principal, just more common stock terlet paper printed up in the back room fer nuthin'
WFC's and Treasuries pay back 100% principal (in $caSSh moaney) in addition to the interest
Paulson better find a bigger bucket:
http://ftalphaville.ft.com/blog/2007/11/07...hind-mbs-crash/
"At root, CreditSights calculate a severity loss ratio for lenders on individual defaulting subprime mortgages based on mortgage market data collected over the past few weeks. The survey results indicate that such loss severity rates on mortgages are “painfully high”. They range from 24 per cent to 55 per cent - with a weighted average at 35 per cent. And they’re expected to rise. For second-lien mortgages - that is, second mortgages on a property, the loss severity rates average 94 per cent."
[attachmentid=93276]
where's our jickiss?
CDE ready to pop?
CDE ready to pop?
QUOTE(lineup32 @ Dec 3 2007, 06:45 PM)
Paulson better find a bigger bucket:
http://ftalphaville.ft.com/blog/2007/11/07...hind-mbs-crash/
"At root, CreditSights calculate a severity loss ratio for lenders on individual defaulting subprime mortgages based on mortgage market data collected over the past few weeks. The survey results indicate that such loss severity rates on mortgages are “painfully high”. They range from 24 per cent to 55 per cent - with a weighted average at 35 per cent. And they’re expected to rise. For second-lien mortgages - that is, second mortgages on a property, the loss severity rates average 94 per cent."
[attachmentid=93276]
http://ftalphaville.ft.com/blog/2007/11/07...hind-mbs-crash/
"At root, CreditSights calculate a severity loss ratio for lenders on individual defaulting subprime mortgages based on mortgage market data collected over the past few weeks. The survey results indicate that such loss severity rates on mortgages are “painfully high”. They range from 24 per cent to 55 per cent - with a weighted average at 35 per cent. And they’re expected to rise. For second-lien mortgages - that is, second mortgages on a property, the loss severity rates average 94 per cent."
[attachmentid=93276]
so basically, everyone cash-out refi'd to the max, hid and/or spent the money, then just stopped paying their mortgage
now they'll live happily rent-free, for as long as they can get away with it
until the thumb-breakers and knee-cappers knock on the door
jickiss is back!
jickiss is back!
And, HEY, HEY, WHAT THE HAY!
Just stop that mortgage
and Walk Away!
Hold that Check
What the Heck
'Illary will Stack the Deck
You sit tight
Then you Fight
Repo Man into the Night
Sun come up
He be gone
Then you'll laugh and cut the Lawn
You'll live Free
You'll live Fine
Just be Happy and don't you Whine
Just stay cool
And be A Sheeple
Like Millions of Fomer American People!
the confusion has never been greater in RE than it is now.....the Black-Scholes Model of RE tells your jickiss that there was a day in the past when the expected ONE YEAR appreciation of the ave house was greater than the AFTER TAX take home pay of the average Sheeple, and that was the day when the average Sheeple wanted two or more houses, blah blah blah.....now, to whom will they sell?
NOW, that movie is running backwards, no? What are they (TPTB) gonna do??
Then, of course, if a Sheeple gets burned in a Short Term Money Market Fund that will only pay back 20 cents on the dollar, well, will the top 10,000 be holders of same? NO, of course not. What is Latin for "Let the Holder Beware???"
finally, your jickiss is tired of all of the gold bashing, but maybey we have to wait a few more days, but for sure,
CEF has a chart that says $13 very soon to your jickiss. Gold is still stronger than Silver, but silver is sooooooooooo cheeeeeeeep that the 48% silver holding of silver inside of the CEF item makes $13 look stupid easy, what ever that means.....
your jickiss breaks even at $10.70 on CEF on the long position now owned, so, therefore, "to manipulate CEF," well, just dont buy any! pooof!
jickiss!!!!!!!
jickiss is back!
And, HEY, HEY, WHAT THE HAY!
Just stop that mortgage
and Walk Away!
Hold that Check
What the Heck
'Illary will Stack the Deck
You sit tight
Then you Fight
Repo Man into the Night
Sun come up
He be gone
Then you'll laugh and cut the Lawn
You'll live Free
You'll live Fine
Just be Happy and don't you Whine
Just stay cool
And be A Sheeple
Like Millions of Fomer American People!
the confusion has never been greater in RE than it is now.....the Black-Scholes Model of RE tells your jickiss that there was a day in the past when the expected ONE YEAR appreciation of the ave house was greater than the AFTER TAX take home pay of the average Sheeple, and that was the day when the average Sheeple wanted two or more houses, blah blah blah.....now, to whom will they sell?
NOW, that movie is running backwards, no? What are they (TPTB) gonna do??
Then, of course, if a Sheeple gets burned in a Short Term Money Market Fund that will only pay back 20 cents on the dollar, well, will the top 10,000 be holders of same? NO, of course not. What is Latin for "Let the Holder Beware???"
finally, your jickiss is tired of all of the gold bashing, but maybey we have to wait a few more days, but for sure,
CEF has a chart that says $13 very soon to your jickiss. Gold is still stronger than Silver, but silver is sooooooooooo cheeeeeeeep that the 48% silver holding of silver inside of the CEF item makes $13 look stupid easy, what ever that means.....
your jickiss breaks even at $10.70 on CEF on the long position now owned, so, therefore, "to manipulate CEF," well, just dont buy any! pooof!
jickiss!!!!!!!
jickiss is back!
jickiss is back!
and
Dear Shorty:
Great Minds do think alike, no??
CDE is so ready, that your jickiss merely is long the options. The shares are ready to Explode up!
Buy CDE. Dont wait, just buy!
jickiss is back!
and
Dear Shorty:
Great Minds do think alike, no??
CDE is so ready, that your jickiss merely is long the options. The shares are ready to Explode up!
Buy CDE. Dont wait, just buy!
QUOTE(shorty @ Dec 3 2007, 08:23 PM)
QUOTE(MrHanky @ Dec 3 2007, 03:37 PM)
QUOTE(shorty @ Dec 3 2007, 05:07 PM)
daily check of Crammer's Touts....
way to call 'em Jimmy!
way to call 'em Jimmy!
that might be the funniest pic ever...........
I dun the perfessnul editn' job all by me self
luckily Doc didn't edit it out
there's still a place in the world fer folks like us
right here on the Stool!not that I got nuthin' gainst them more austere pubications like the New England Journal of Medicine, Wall Street Examiner, Scientific American, etc.
Mauldin has two mid-week emails this week about the CDO mess. first one this evening and the second tomorrow morning.
Intro paragraph from tonights:
The Wages of Financial Sin
By Michael Lewitt
Make no mistake about it - if the Federal Reserve is holding back on interest rate cuts because of near-term inflation fears, it will be fiddling while Rome burns. The collapse of the structured finance edifice must be understood as a highly deflationary event. The sell-off in the equity and credit markets signify a severe loss of confidence in the benchmarks of value established by market gatekeepers such as rating agencies, underwriters and market makers. A failure of the Federal Reserve to demonstrate that it recognizes the systemic threat posed by the collapse of structured finance and the subprime mortgage market could send the markets into a full-blown tailspin.
Source...
Intro paragraph from tonights:
QUOTE
The Wages of Financial Sin
By Michael Lewitt
Make no mistake about it - if the Federal Reserve is holding back on interest rate cuts because of near-term inflation fears, it will be fiddling while Rome burns. The collapse of the structured finance edifice must be understood as a highly deflationary event. The sell-off in the equity and credit markets signify a severe loss of confidence in the benchmarks of value established by market gatekeepers such as rating agencies, underwriters and market makers. A failure of the Federal Reserve to demonstrate that it recognizes the systemic threat posed by the collapse of structured finance and the subprime mortgage market could send the markets into a full-blown tailspin.
Source...
QUOTE(lineup32 @ Dec 3 2007, 06:45 PM)
Paulson better find a bigger bucket:
http://ftalphaville.ft.com/blog/2007/11/07...hind-mbs-crash/
"At root, CreditSights calculate a severity loss ratio for lenders on individual defaulting subprime mortgages based on mortgage market data collected over the past few weeks. The survey results indicate that such loss severity rates on mortgages are “painfully high”. They range from 24 per cent to 55 per cent - with a weighted average at 35 per cent. And they’re expected to rise. For second-lien mortgages - that is, second mortgages on a property, the loss severity rates average 94 per cent."
[attachmentid=93276]
http://ftalphaville.ft.com/blog/2007/11/07...hind-mbs-crash/
"At root, CreditSights calculate a severity loss ratio for lenders on individual defaulting subprime mortgages based on mortgage market data collected over the past few weeks. The survey results indicate that such loss severity rates on mortgages are “painfully high”. They range from 24 per cent to 55 per cent - with a weighted average at 35 per cent. And they’re expected to rise. For second-lien mortgages - that is, second mortgages on a property, the loss severity rates average 94 per cent."
[attachmentid=93276]
95% losses on the no down second loans? that is amazing. 100% losses are coming soon!
OK. Don't short a dull market. Vix is in mid range between highs and lows so that may be why we are dull for the moment.
I must say though, after I read MarketClues I was left with two thoughts mentioned in the article. http://marketclues.blogspot.com/
permabull fantasy
hypothetical situation
Man, just give me some expert insight into price by Doc
I must say though, after I read MarketClues I was left with two thoughts mentioned in the article. http://marketclues.blogspot.com/
permabull fantasy
hypothetical situation
Man, just give me some expert insight into price by Doc
Another snip from the first Mauldin email:
QUOTE
....
The problem is that the rating agencies are not done downgrading CDOs. So far this year, Standard & Poor's has downgraded 381 tranches of residential mortgage-related CDOs, but it still has 709 tranches on a watch list for further downgrades. Moody's has downgraded 338 issues with 734 tranches still sitting on its downgrade watch list. Does anybody seriously expect these watch-list credits to improve in any reasonably foreseeable period of time? Is it fair to ask whether the rating agencies are still in denial or merely trying to further delay the day of reckoning to give the markets more time to absorb further selling by ratings sensitive investors who will have to sell once the next wave of downgrades comes? The longer the comeuppance is delayed, the worse it will ultimately be. Delay and denial are not going to help solve the problem.
....
Same source as before.
I hope you got your SLW by now. It might get a pop from this little item that was released this evening.
QUOTE
Silver Wheaton Corp.: Goldcorp Updates Penasquito and Luismin SilverProduction Estimates
Dec 3, 2007 17:01:04 (ET)
VANCOUVER, BRITISH COLUMBIA, Dec 03, 2007 (MARKET WIRE via COMTEX) -- Silver Wheaton Corp. ("Silver Wheaton") (SLW, Trade ) has been advised by Goldcorp Inc. ("Goldcorp")(TSX: G)(GG, Trade ) that the silver production estimates for both the Penasquito Project and Luismin's San Dimas operations have been recently updated as part of Goldcorp's annual budgeting process.
PENASQUITO
The mine plan for the Penasquito Project has been revised to reflect exploration success reported in Goldcorp's updated resource and reserve report of July 2007. As a result, Goldcorp has decided to construct a larger mill than previously contemplated, increasing annual production levels by 30% and ramping up production faster than previously projected. Average annual silver production attributable to Silver Wheaton is expected to approximate 7.8 million ounces, a 44% increase compared with the 2006 feasibility study. Life-of-mine silver production attributable to Silver Wheaton has increased to 140 million ounces, representing a 52% increase over the June 2006 Feasibility Study levels.
Production Feasibility
Update Study Levels Change
(Nov. 2007) (June, 2006) (%)
Average annual silver sales
attributable to Silver Wheaton 7.8 M oz 5.4 M oz 44%
Life-of-mine silver production
attributable to Silver Wheaton 140 M oz 92 M oz 52%
Anticipated mine life 19 years 17 years 12%
......
Dec 3, 2007 17:01:04 (ET)
VANCOUVER, BRITISH COLUMBIA, Dec 03, 2007 (MARKET WIRE via COMTEX) -- Silver Wheaton Corp. ("Silver Wheaton") (SLW, Trade ) has been advised by Goldcorp Inc. ("Goldcorp")(TSX: G)(GG, Trade ) that the silver production estimates for both the Penasquito Project and Luismin's San Dimas operations have been recently updated as part of Goldcorp's annual budgeting process.
PENASQUITO
The mine plan for the Penasquito Project has been revised to reflect exploration success reported in Goldcorp's updated resource and reserve report of July 2007. As a result, Goldcorp has decided to construct a larger mill than previously contemplated, increasing annual production levels by 30% and ramping up production faster than previously projected. Average annual silver production attributable to Silver Wheaton is expected to approximate 7.8 million ounces, a 44% increase compared with the 2006 feasibility study. Life-of-mine silver production attributable to Silver Wheaton has increased to 140 million ounces, representing a 52% increase over the June 2006 Feasibility Study levels.
Production Feasibility
Update Study Levels Change
(Nov. 2007) (June, 2006) (%)
Average annual silver sales
attributable to Silver Wheaton 7.8 M oz 5.4 M oz 44%
Life-of-mine silver production
attributable to Silver Wheaton 140 M oz 92 M oz 52%
Anticipated mine life 19 years 17 years 12%
......
I mebbe a bumpkin
butt I know one thang fur shure
today's Iran-got-no-program B.S. means attack more likely
"surprise" trigger event, anyone?
butt I know one thang fur shure
today's Iran-got-no-program B.S. means attack more likely
"surprise" trigger event, anyone?
For those of you in London this Friday, Zeitgeist WILL PREMIERE AT THE
NONPROFIT "ARTIVISTS FILM FESTIVAL"
ON DECEMBER 7TH AT 9:00PM
AT THE GENESIS CINEMA IN LONDON
It is at once a pedagogy on the zodiac origin of most religions, 911, and the quest for yield. A bit black helocopterish but I can't say I dispute any of it's assertions. Nice to see the young people off the streets and creating something.
NONPROFIT "ARTIVISTS FILM FESTIVAL"
ON DECEMBER 7TH AT 9:00PM
AT THE GENESIS CINEMA IN LONDON
It is at once a pedagogy on the zodiac origin of most religions, 911, and the quest for yield. A bit black helocopterish but I can't say I dispute any of it's assertions.
Nice to see the young people off the streets and creating something.
It feels to me like there is no conviction left in the bulls. They go through their day like sleep walkers whose nights have been restless with subconscious anxiety about the truth of the insolvent financial service sector (Carney's). Markets are not getting much of a bid, though treasuries are still, but one more downgrade, big boy confession, or what not, and over the abyss it will slide. CONfidence has been largely lost, squandered. SPX might get to 1520 again, but I doubt it.
QUOTE(Speakeasy @ Dec 3 2007, 09:49 PM)
It feels to me like there is no conviction left in the bulls. They go through their day like sleep walkers whose nights have been restless with subconscious anxiety about the truth of the insolvent financial service sector (Carney's). Markets are not getting much of a bid, though treasuries are still, but one more downgrade, big boy confession, or what not, and over the abyss it will slide. CONfidence has been largely lost, squandered. SPX might get to 1520 again, but I doubt it.
Call me old-fashioned, but these guys are not dumb enough to crash the market in December. For the same reason that most lenders don't foreclose on people during the holidays.
Sure, ruin people's holidays and further scare them away from spending at a crucial time. As if the Wall St. market manipulators are that dumb.
It's still all about psychology and expediency.
CITI CORPSE DESPARATE
Just sold buildings for $2B
Cant sell the crap so it sells the good stuff
Just sold buildings for $2B
Cant sell the crap so it sells the good stuff
JIMBO AWARD GOES TO CITADEL
Clever E-trade sells assets at 45% discount to market.
This is an incredible deal for Citadel.
Their wolves
QUOTE
HEARD ON THE STREET
A CDO Floor of 27 Cents on the Dollar?
Citadel's Deal for E*Trade Debt May Set Template
For Other Firms Selling Bruised Assets at a Discount
By DAVID REILLY, GREGORY ZUCKERMAN and SERENA NG
December 3, 2007; Page C1
The portion of the ABX index tracking double-A-rated subprime bonds that is used by many investors as a proxy for determining the value of similar mortgage securities recently traded at 45 cents on the dollar, according to data from Markit Group. That is up about six cents, or about 15%, from a week ago. But the Citadel average of 27 cents is at a more than 30% discount to even that lower price.
At the same time, Citadel also is injecting $1.75 billion into E*Trade, in exchange for 10-year E*Trade notes that pay it 12.5% interest, and is receiving 84 million E*Trade shares.
A CDO Floor of 27 Cents on the Dollar?
Citadel's Deal for E*Trade Debt May Set Template
For Other Firms Selling Bruised Assets at a Discount
By DAVID REILLY, GREGORY ZUCKERMAN and SERENA NG
December 3, 2007; Page C1
The portion of the ABX index tracking double-A-rated subprime bonds that is used by many investors as a proxy for determining the value of similar mortgage securities recently traded at 45 cents on the dollar, according to data from Markit Group. That is up about six cents, or about 15%, from a week ago. But the Citadel average of 27 cents is at a more than 30% discount to even that lower price.
At the same time, Citadel also is injecting $1.75 billion into E*Trade, in exchange for 10-year E*Trade notes that pay it 12.5% interest, and is receiving 84 million E*Trade shares.
Clever E-trade sells assets at 45% discount to market.
This is an incredible deal for Citadel.
Their wolves
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