Oh ugh! Sutty on Babblevision again. Sheesh - is everyone else on vacation?
So what's new?
ECB and BOJ add liquidity again.
ECB mulling a dollar-euro swap with the Fed. That's interesting! I remember Fischer Black explaining that as a way to support - or peg - currencies.
Karl Rove to resign.
Mitt Romney wins Iowa straw poll - shows organizing ability - he's a successful businessman, he should have that.
Food inflation hitting Europe now.
In September, presidential politics will start to heat up.
On Friday, S&P 500, XLF, XLE, Nazz comp, Russell held lows. Dow Industrials and transports did not on intraday basis., neither did the Nazz 100. Since the DJIA was the index that had the followthru day, I think this "rally" is suspect as the DJIA broke the prior low.
I can't log-in to IBD online. I'm getting really annoyed with them. They might lose a subscriber.
So what could happen to spark another sell-off? I don't think more "subprime" screeching will do it now. But I think that Countrywide Finance could go under. That firm made huge numbers of the garbage loans to get fees. And they service many loans so will be the name foreclosing. Political pressure could get intense. Bad publicity could mushroom. And I read this weekend that they were adding staff recently. And it's hard to see MBS investors trusting their product, except perhaps for garden variety fixed rate loans. And they have residual interests in the MBS trusts that bear first loss on the MBS. And their servicing income gets cut when the loans default. So I see many, many pressure points for CFC.
Besides, the CEO is a pig in his compensation, he sold huge amounts of stock at the highs ... and he has too fine a tan for trust ;-) Anyone with a fine tan in a business suit gets a question mark in my book ;-)
PS: Retails sales were OK for July. MBA says prime mortgage delinquencies were down for Q2 [saw headline but can't find the story - checking]. Where is the contagion?
PPS: My closing out of soybeans and natural gas were very poorly timed. Ugh!
P^3S: Wall Streeters [on TV at least] are so self-centered. And the analysts, too. All they can think about is how a Fed rate would affect the beefers - bailout or not. But what about the common man scammed [some] on the other side of those slimy ARMs. Do they ever think about that? Nope.
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I agree on CFC. Seems like a good candidate for bankruptcy.
Bman......do quant fund satisfy the definition for 'beefers'?
yes, a quant fund is a beefer if it's over $500 milion.
Steve Forbes is really a dope. He doesn't know what he's talking about re taxes. I'm certain he's never done a tax return. Another "rich & powerful" person to be wary of.
business suit...ROFL...the only "business" Angelo runs could rival Tony's. These slime balls that lie to investors should be put away for life.
Rofl....'lie to investors'. Amazing how you guys wanna put everyone in jail. If there's one thing the US govt doesn't do enough....it's putting it's own citizens in prison. Sheeesh.
PS. Did angelo break any laws? Doesn't seem so. Just looks like he took advantage of our free capitalist system. My advice to y'all. Don't believe CEO's about their stock.
PPS. There are too many people in jail in this country already ( mainly on technicalities). We need to lessen the number of inmates.......not add more.
There is absolutely nuthin new what angelo did. Talk up his stock while selling it. Lmaoooooooo
That's been happening since the stock markets were founded. I guarnatee you....the stocks you own today.....some insiders are selling today. And tomorrow. And the day after. Don't be so naive.
my mistake ...strike morals and accountability as fundamentals for future business ethics
Unfortunately the SEC doesn't really enforce insider trading laws against CEOs aggressively. Just because it's been around forever doesn't mean I have to like it.
In any case, lying to investors is a crime and is prohibited under securities laws.
Hmmm. I think I heard that excuse before in the case of the stock option scandals - what crime? Later the sordid details came out. And a few of those thieves are now in jail.
stock selling not a problem Bud, telling investors lies a problem
lol mav. Bud's a Hillary supporter. Why expect "ethics" and "morality" considerations from a Hillary supporter?
Another great column by abelson in barron's this week. Man is he a good writer. Lol....greenspan ka-put.
Santoli's column a must read every week for me as well.
Bad weekend for the red sox. Looks like the yankees will blow right by them soon. The way the sox are playing i'm not sure thay will make the playoffs.
die yankees die !!!!!
Hmmm I made a weak argument re Hillary. If reversed, since I WAS a W supporter in the past, one might impune that, "why expect intelligence from a W supporter" :-(((
B'man ( and frsoty) voted for W twice.
Fool me once ...shame on you
Fool me twice...........
PS. or as W said in a speech...'won't get fooled again'...lmaoooooooo
Won't get fooled again.........one of the greatest rock songs of all time.
http://youtube.com/watch?v=YMEeT5JPdUk
Lololololol
Bud cant take the pain and spits the bit on his red sox longs..lol
pfffttt..Short Yankees
UNG taking some sugar...will continue to buy dips and trade around.
Spinny who is leading that AL wild card race, I see you are short the Yanks...lol
FXY not acting like a rate cut coming...darkside beckons.
Have to admit...yankees are playing well. My only hope is their bullpen. I still think it is very shaky before Mo.
Frosty's mariners are playing very well too. Looks like they will nip the sox for the wildcard. Ugh...
PS.. Butr the sea'girls really gonna suck this year.
Bunkerman...last week we started the death fund....this week we will build the life fund...mama says h2o col sanders and she is never wrong....SWWC CWCO STR SBS CWT AWR.
SBS looks like death to me.
PRGO...that one look ok Bud? not h2o but we can put it in the life fund today...it has better tea leafs...lol...liberals.
Bud where is the list?
I'll email list to you tonite frosty.
Hey frsoty......does this feel like beefers running retail stops?
Lmaooooooooooooo
This looks like just chop - elephants at the water hole stomping around.
Godammit!! Bring back the uptick rule!!! Lolololo
I remember my first day in investment banking - "efficient markets" went out the window. When one makes a living - a great living - knowing who will buy what, the concept of "efficient markets" falls apart at once.
I wonder if GS reads my blog? Maybe that's why they put the $3B in - followed my lead buying the dip :-)))
Saw a very gud flic the wknd. Bourne Ultimatum. I know B'man wud luv it. ( order the first 2 fron netflix B'man...if you haven't seen them). Your favorite subjects....espionage and paranoia....rofl
Anyway what i found very alarming if the premise of the movie is true. What if the US govt is spying on it's own citizens and then murdering them under the pretext of national security. First of all, it is ILLEGAL for the CIA to spy on americans. Period. But under the scumbag Cheney they made it legal. What a pos he is. Fuckin GOP. Hurry up hillary!!
die GOP die!!!
PS. Go ahead frosty. Defend slimeball cheney. What a lowlife.
Uh Bud. The FBI spies on Americans all the time. Ditto the ATF. And the CIA spies on Americans when overeseas all the time. So what else is new? And some pinko big city police forces do, too. (NYC for example. DC too).
That's why one needs to live in the woods and have a layered defense perimeter and dogs and electronic detectors and lots of ... you know. Sheesh, how naive!!!
Yes, I saw the first two Bourne movies - excellent!
And the DIA and NSA spy on Americans and everyone else, too.
Trees block the satellites, hence the woods.
Muriel Siebert says investigate shorts on downticks! Yes!!!
SEC is asleep and in pocket of the beefers!
Bring back the uptick rule, trading curbs, and specialists! :-))
Lmaoooo B'man. Doesn't it make you rethink your positions when .....muriel seibert agrees with you? lmaooo
PS...Frosty sexual fantasies always involve muriel.
B'man. I kind of understand now why you live where you do. The 'state' is always tryin to control me and spy on me. At least you makin it harder for them. So disgusting. Jefferson warned us against this 200 years ago.
Muriel Sebert...LMAO....he's hot.
I sure hope that was typo by frosty. Cuz if it isn't.....he's even more repulsive and repugnant than i imagined. F'ng pervert.
I like to wear an aluminum foil hat in the shape of a big soup bowl to keep the cia from reading my mind...oh brother.
You mean you don't have a foil lined bedroom Frosty? Sheesh! You are wide open ;-)))
Bring on the cone of silence!
Even in the woods, I have to be careful. A black helicopter used to fly over my house every Sunday morning. Some said it was "just" the National Guard on training. Hmmmmmm. ;-))
MLF has silver put in a bottom?
that's Mr. Hunt to you frosty
LOL mav....I'd like to see SLV at least make a higher high on the daily, @ 131 or so, before adding...so go ahead and fade me now Frosty...rofl...
Bub please send that list to: cankles
@ hotmail.com
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