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DrStool
And what about after that?
Bungster
This is NOT meant as a political post...It is meant to show that at least a few of the politicians really Get It...

http://thehousingbubbleblog.com/index.html

The Boston Globe. “While Hillary Clinton and others are offering government help for homeowners facing foreclosure, John McCain is more about tough love.”

“The presumptive Republican nominee, in a speech today in Santa Ana, Calif., blames the housing and credit crisis on a ‘bubble’ created by lenders who lowered their standards, Americans who bought homes they couldn’t afford, and financial players who invested in complex securities that were not transparent.”

“‘I have always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers,’ he said.”

“In our effort to help deserving homeowners, no assistance should be given to speculators,’ McCain continued. ‘Any assistance for borrowers should be focused solely on homeowners, not people who bought houses for speculative purposes, to rent or as second homes. Any assistance must be temporary and must not reward people who were irresponsible at the expense of those who weren’t.’”

“He then called for homeowners to be required to put down payments on homes, for lenders to raise standards, and for all those involved to move to more transparency.”

“‘They’ve been asking the government to help them out,’ McCain said of lenders. ‘I’m now calling upon them to help their customers, and their nation, out.’”

“‘I will not play election-year politics with the housing crisis,’ he said.”

“McCain said lenders became complacent as housing prices continued to rise, lowering their standards and lending money to people who couldn’t pay it back. Some consumers, he said, bought homes they couldn’t afford, betting they would reap the benefits later of higher home prices.”

“Meanwhile, he said, the housing market lacked accountability and transparency, and ‘the initial losses spawned a crisis of confidence in the markets.’”


[attachmentid=96991]

Burn Reamtors burn...
cwd
Next big hair ball, CCU deal falls through. CCU down 25% after hours. Banks losing their nerve or I guess the proper terminology is REPRICING RISK. laugh.gif
Drano
QUOTE(cwd @ Mar 25 2008, 03:16 PM)
Next big hair, CCU deal falls through. CCU down 25% after hours. Banks losing their nerve or I guess the proper terminology is REPRICING RISK.  laugh.gif
*


cwd
QUOTE(Bungster @ Mar 25 2008, 03:13 PM)
This is NOT meant as a political post...It is meant to show that at least a few of the politicians really Get It...

http://thehousingbubbleblog.com/index.html

The Boston Globe. “While Hillary Clinton and others are offering government help for homeowners facing foreclosure, John McCain is more about tough love.”

“The presumptive Republican nominee, in a speech today in Santa Ana, Calif., blames the housing and credit crisis on a ‘bubble’ created by lenders who lowered their standards, Americans who bought homes they couldn’t afford, and financial players who invested in complex securities that were not transparent.”

“‘I have always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers,’ he said.”

“In our effort to help deserving homeowners, no assistance should be given to speculators,’ McCain continued. ‘Any assistance for borrowers should be focused solely on homeowners, not people who bought houses for speculative purposes, to rent or as second homes. Any assistance must be temporary and must not reward people who were irresponsible at the expense of those who weren’t.’”

“He then called for homeowners to be required to put down payments on homes, for lenders to raise standards, and for all those involved to move to more transparency.”

“‘They’ve been asking the government to help them out,’ McCain said of lenders. ‘I’m now calling upon them to help their customers, and their nation, out.’”

“‘I will not play election-year politics with the housing crisis,’ he said.”

“McCain said lenders became complacent as housing prices continued to rise, lowering their standards and lending money to people who couldn’t pay it back. Some consumers, he said, bought homes they couldn’t afford, betting they would reap the benefits later of higher home prices.”

“Meanwhile, he said, the housing market lacked accountability and transparency, and ‘the initial losses spawned a crisis of confidence in the markets.’”


[attachmentid=96991]

Burn Reamtors burn...
*




Who is Hillary going to help? The people who filled out false income statements? ohmy.gif
derby
I just logged into my tdwaterhouse account and found this imortant fyi note.

FYI: Reduced Loan Values for Select U.S. Securities


SUMMARY:
This information is relevant to margin accounts only.

On an ongoing basis, our credit and loan policies are reviewed to ensure they reflect current market conditions while protecting our clients. As part of this regular review process, and considering recent market volatility, maximum margin lending values have been reduced for select securities in the U.S. financial sector, effective immediately.

If you are holding any of these listed securities in a TD Waterhouse margin account, your loan value and available margin will be reduced until further notice.

CONTACT INFORMATION:
If you have any questions or concerns, please contact your TD Waterhouse representative.


Bungster
Now I see why Micron (MU) has been in the dumper....

"Estimates lowered on Micron due to weak DRAM, NAND pricing"

http://www.edn.com/article/CA6544705.html?...&rid=1448641537

If this stuff is weak then this will affect the tech sector....sometime this will have to revert back to funnymentals.............

[attachmentid=96993]
Drano
QUOTE(Bungster @ Mar 25 2008, 03:25 PM)
Now I see why Micron (MU) has been in the dumper....

"Estimates lowered on Micron due to weak DRAM, NAND pricing"

http://www.edn.com/article/CA6544705.html?...&rid=1448641537

If this stuff is weak then this will affect the tech sector....sometime this will have to revert back to funnymentals.............

[attachmentid=96993]
*


Was that a picture of Client #10? Emperor's Club can set up a "date" for him.....


dogsie
The calendar says its spring for crying out loud:

cwd
QUOTE(derby @ Mar 25 2008, 03:21 PM)
I just logged into my tdwaterhouse account and found this imortant fyi note.

FYI: Reduced Loan Values for Select U.S. Securities


SUMMARY:
This information is relevant to margin accounts only.

On an ongoing basis, our credit and loan policies are reviewed to ensure they reflect current market conditions while protecting our clients. As part of this regular review process, and considering recent market volatility, maximum margin lending values have been reduced for select securities in the U.S. financial sector, effective immediately.

If you are holding any of these listed securities in a TD Waterhouse margin account, your loan value and available margin will be reduced until further notice.

CONTACT INFORMATION:
If you have any questions or concerns, please contact your TD Waterhouse representative.
*




Derby, did they attach a list of the securities with maximum lending value reduced? Thanks biggrin.gif
derby
QUOTE(cwd @ Mar 25 2008, 01:31 PM)
Derby, did they attach a list of the securities with maximum lending value reduced? Thanks  biggrin.gif
*



No. I guess you find out when you get a margin call!
Drano
QUOTE(cwd @ Mar 25 2008, 03:31 PM)
Derby, did they attach a list of the securities with maximum lending value reduced? Thanks  biggrin.gif
*


Did you say you wanted
Contact

fxfox
Duck and cover Misses Clingon! There is a sniper directly behind you! laugh.gif laugh.gif laugh.gif
shorty
QUOTE(dogsie @ Mar 25 2008, 01:29 PM)
The calendar says its spring for crying out loud:
*


Global Cooling out of control
Bungster
QUOTE(fxfox @ Mar 25 2008, 03:57 PM)
Duck and cover Misses Clingon! There is a sniper directly behind you!  laugh.gif  laugh.gif  laugh.gif
*



Klingon? unsure.gif

[attachmentid=96997]

From what I understand they are terrific fighters...
Jetlag
QUOTE(shorty @ Mar 25 2008, 04:09 PM)
Global Cooling out of control
*



Global warming could set off a rapid ice age according to some scientists, and that movie laugh.gif ph34r.gif
DrStool
QUOTE(dogsie @ Mar 25 2008, 04:29 PM)
The calendar says its spring for crying out loud:
*



As always, my in-laws went to church for Easter Services. At the end of the mass, the priest wished the congregation a Merry Christmas. No joke!

There's still 8-10 feet of snow on the ground and streets are surrounded by piles of snow 15+ feet high.
DrStool
The reason we had so much snow was because of the above normal temperature. It didn't snow much when it was 20 below zero all the time. laugh.gif
prancing_cow
QUOTE(Jetlag @ Mar 25 2008, 02:16 PM)
Global warming could set off a rapid ice age according to some scientists, and that movie  laugh.gif  ph34r.gif
*


they have all the bases covered.
so what would the symptoms of global cooling?
The End
I voted higher. I think April will be a good month to short after Option expiration.
prancing_cow
QUOTE(DrStool @ Mar 25 2008, 02:23 PM)
The reason we had so much snow was because of the above normal temperature. It didn't snow much when it was 20 below zero all the time. laugh.gif
*


Doc, are you laughing at the statement you made or at the excuse it provides?
Bungster
QUOTE(prancing_cow @ Mar 25 2008, 04:25 PM)
they have all the bases covered.
so what would the symptoms of global cooling?
*



Prolly changing weather and rainfall patterns and average temps droping...

[attachmentid=96998]

Why do you ask Earthling?
briarberry
biggest increases in margins, mostly banks...

KATANGA
20%

APOLLO GROUP INC-CL A
20%

BEAR STERNS
50%

CIT GROUP
20%

CME GROUP INC
20%

HUNTINGTON BANCSHARES INC
20%

INTERCONTINENTAL EXCHANGE INC
20%

LEHMAN BROTHERS
20%

MF GLOBAL
50%

NATIONAL CITY CORP
20%

WASHINGTON MUTUAL INC
20%

XL CAPITAL LTD
20%

cwd
QUOTE(briarberry @ Mar 25 2008, 04:32 PM)
biggest increases in margins, mostly banks...

KATANGA
20%

APOLLO GROUP INC-CL A
20%

BEAR STERNS
50%

CIT GROUP
20%

CME GROUP INC
20%

HUNTINGTON BANCSHARES INC
20%

INTERCONTINENTAL EXCHANGE INC
20%

LEHMAN BROTHERS
20%

MF GLOBAL
50%

NATIONAL CITY CORP
20%

WASHINGTON MUTUAL INC
20%

XL CAPITAL LTD
20%
*




It looks like a list of my short candidates. Thanks laugh.gif
potatohead
QUOTE(briarberry @ Mar 25 2008, 03:32 PM)
biggest increases in margins, mostly banks...

KATANGA
20%

APOLLO GROUP INC-CL A
20%

BEAR STERNS
50%

CIT GROUP
20%

CME GROUP INC
20%

HUNTINGTON BANCSHARES INC
20%

INTERCONTINENTAL EXCHANGE INC
20%

LEHMAN BROTHERS
20%

MF GLOBAL
50%

NATIONAL CITY CORP
20%

WASHINGTON MUTUAL INC
20%

XL CAPITAL LTD
20%
*




where did you find that, thanks
briarberry
my broker emailed it to me
Jetlag
Do they want to protect themselves giving less margin to customers, or do they want to generate force selling to buy in?
DrStool
QUOTE(prancing_cow @ Mar 25 2008, 05:30 PM)
Doc, are you laughing at the statement you made or at the excuse it provides?
*



either neither or both

laugh.gif laugh.gif laugh.gif
cwd
Denninger has some interesting comments on Ben's ZIRP. If I remember correctly , that is what we had in the thirties. ohmy.gif

March 25 (Bloomberg) -- The dollar fell against the euro as a rally in Asian stocks encouraged investors to buy higher- yielding assets with loans in the U.S. currency."
Congratulations Ben, we just became a funding currency for carry trades, exactly like Japan.

I hope - rather, I pray - that the author of this article is wrong.

Because if he is not, we are on the precipice of a collapse in the Dollar.

See, The Carry is a particularly pernicious form of abusive trading in the world, in that the money borrowed doesn't go to any productive purpose in the nation where it is borrowed.

Instead, it is immediately removed and sent "somewhere else."

This creates incredible distortions in the nation who is subject to the "funding" dilemma, in that these "loans" are in fact a form of zombie finance. There is no productive purpose to the loan in the nation of origin, a tremendous distortion is put into the FX markets, and further instability is placed into the funding economy.
http://market-ticker.denninger.net/
Jimi
Who is Denninger?
What's his background?
Faster
This is the result of credit inflation. The Fed has started to pump currency inflation, the carry trade is now credit inflation. Karl tends to go from pillar to post in his views.

Inflation is the inevitable result of low interest rates and the flight to quality. The problem is the quality of the Ts or dollars is D cause we cannot collect the taxes to pay for outstanding Ts.

To stop the carry trade, you need to stop the dollar decline. The Fed put the cart before the horse and should have dumped the dollar before this nonsense and stabilize where we have a balance of payments and trade. The problem is all these currency relationships that are fixed by agreements which are frankly idiocy.

The fed may do exactly what is wrong and defend the dollar which will make access to the dollar credit very expensive. Either way you kill off US business development, either by expensive credit, or crowding out by foreign competition.

Vive la buck. wink.gif

QUOTE(cwd @ Mar 25 2008, 03:03 PM)
Denninger has some interesting comments on Ben's ZIRP. If I remember correctly , that is what we had in the thirties. ohmy.gif

March 25 (Bloomberg) -- The dollar fell against the euro as a rally in Asian stocks encouraged investors to buy higher- yielding assets with loans in the U.S. currency."
Congratulations Ben, we just became a funding currency for carry trades, exactly like Japan.

I hope - rather, I pray - that the author of this article is wrong.

Because if he is not, we are on the precipice of a collapse in the Dollar.

See, The Carry is a particularly pernicious form of abusive trading in the world, in that the money borrowed doesn't go to any productive purpose in the nation where it is borrowed.

Instead, it is immediately removed and sent "somewhere else."

This creates incredible distortions in the nation who is subject to the "funding" dilemma, in that these "loans" are in fact a form of zombie finance. There is no productive purpose to the loan in the nation of origin, a tremendous distortion is put into the FX markets, and further instability is placed into the funding economy.
http://market-ticker.denninger.net/
*


Sudaca
QUOTE(prancing_cow @ Mar 25 2008, 04:25 PM)
they have all the bases covered.
so what would the symptoms of global cooling?
*



probably this:
Sudaca
or this:
cwd
QUOTE(Jimi @ Mar 25 2008, 05:28 PM)
Who is Denninger?
What's his background?
*




I don't know, but I like his writing and his information is similar to what is presented here. laugh.gif
potatohead
QUOTE(cwd @ Mar 25 2008, 05:15 PM)
I don't know, but I like his writing and his information is similar to what is presented  here. laugh.gif
*




does he still do the videos? I can not seem to pull them up anymore
Drano
QUOTE(Sudaca @ Mar 25 2008, 06:02 PM)
probably this:
*


And what is the husband doing?


Bungster
QUOTE(Sudaca @ Mar 25 2008, 06:02 PM)
probably this:
*



You mean that cats are to become the new rulers of the planet and we become their pets! ohmy.gif Kinda a Planet of the Cats remake... ph34r.gif
Drano
QUOTE(potatohead @ Mar 25 2008, 06:29 PM)
does he still do the videos? I can  not seem to pull them up anymore
*


http://www.tickerforum.org/cgi-ticker/akcs-www?post=36583

oops you're right. I think maybe he hasn't uploaded it yet.
Drano
QUOTE(Bungster @ Mar 25 2008, 06:35 PM)
You mean that cats are to become the new rulers of the planet and we become their pets!  ohmy.gif  Kinda a Planet of the Cats remake... ph34r.gif
*


Are you referring to Jabba the Cat?


4shzl
Fourteen years of TYX presented for your delectation in somewhat smudgy fashion by BigCharts. We've come within ~16 basis points of 4% in June of '03 and '05, in January of '08, and finally once again last Thursday. In the prior century, you would have to go back to the early Sixties to find long yields at this level. If you knew nothing about what was being charted, you would, of course, want to be long this instrument. I continue to believe we may be headed for a climactic spike under 4%, but it certainly is tempting to scale into a position sooner. huh.gif
potatohead

Fight for 15 tons of gold

A crisis of lost gold has come up between Societe Generale and Goldas,.

French Societe Generale bank claimed that the gold worth $500 million which they had given to Goldas, for selling at Istanbul Gold Market has been lost and filed a criminal report about the event. The partner of Goldas,, Yal?nkaya, said: "it is slander; we are shocked."

http://english.sabah.com.tr/92267FDEC9DB41...99A679ECF0.html

BusKow
Tonight I wish to show the three primary indicies up against trendline or horizontal chart resistance...
Common hosting site works here...

user posted image
user posted image
user posted image
DrStool
Denninger's video is very cool, depressing as hell, and right on.

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potatohead
QUOTE(DrStool @ Mar 25 2008, 06:14 PM)
Denninger's video is very cool, depressing as hell, and right on.

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*



who do you get his end of the day and mid day reports?
BusKow
QUOTE(Drano @ Mar 25 2008, 07:36 PM)
http://www.tickerforum.org/cgi-ticker/akcs-www?post=36583

oops you're right. I think maybe he hasn't uploaded it yet.
*



He's restricted access to his nightly TA vid's to contributing members.
Extremely irked that few would sign his petition(s).
DrStool
Best of Bloomberg today

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howard in nyc
QUOTE(potatohead @ Mar 25 2008, 08:18 PM)
how do you get his end of the day and mid day reports?
*


a couple of weeks ago, karl restricted access to his daily video technical analysis to 'gold contributors'. those members of his otherwise free message board, who have donated $150 or greater amount in the past year (or six months, i'm not sure).

The End
Doc,

Your like a kid with a new toy. smile.gif
Private Skidmark
Countdown to midnight on the stool splat clock? ph34r.gif
Jetlag
QUOTE(potatohead @ Mar 25 2008, 07:08 PM)
Fight for 15 tons of gold

A crisis of lost gold has come up between Societe Generale and Goldas,.

French Societe Generale bank claimed that the gold worth $500 million which they had given to Goldas, for selling at Istanbul Gold Market has been lost and filed a criminal report about the event. The partner of Goldas,, Yal?nkaya, said: "it is slander; we are shocked."

http://english.sabah.com.tr/92267FDEC9DB41...99A679ECF0.html
*



It's funny how gold is vanishing right under the nose of central banks and other banksters.

The UK gold sales at the bottom and CB gold selling in general, the fake gold in africa and now this. Didn't know SG had physical. Maybe the Turks were hoping for them to go under and keep the ASSet.
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