In French, "déjà vu" means "already seen" literally. The commonly expressed annoyance with the French overlooks the massive influence the French have and have had on American culture and language. The French overlook this, too, in their professed disgust with American cultural incursions there. Maybe both sides should open their eyes and accept good new ideas and words more readily.
Back to the news ...
My morning reading is FT, WSJ, Le Monde, Le Figaro, BBC news, and Briefing.com - all online editions. What do I see ?
"Bank of America is counting on a new multibillion-dollar capital injection from the government"
"Investors pulled close to a net $150bn from hedge funds last month in spite of moves by dozens of funds to halt or suspend redemptions"
"Israeli tanks have pushed deep into Gaza City, prompting fierce exchanges of gunfire with fighters of the Palestinian militant group Hamas."
"Oppenheimer's Meredith Whitney appears on CNBC; believes financials go lower before they go higher"
All this seems like endless déjà vu to me, especially the part of Molotov Meredith tossing a few more cocktails at the behest of her beefer masters. Every few months her appearance on financial TV seems like a signal for her financial terrorist friends in the hedge funds to start shorting the financial stocks in the same attacks we've seen for so long.
They're even hitting the credit default swaps of C as that ingrained tactical habit doesn't change either. The fact that the Federal government is on the hook for about $50 billion before C can default on debt seems forgotten. Or is it ? Maybe they just want to create more panic ?
Oh well. Let it pass.
When the selling dries up, I'll look for adds in the Obama Fund.
One Obama Fund stock - marked as ultra-risky - might BK soon. SSCC seems to be setting up talks with its banks to negotiate some debt relief. That stock was and is already priced for BK so this is not really a surprise. Since I'm so diversified, my position is small. Waiting for developments. The actual operating business is pretty good - the company just is overleveraged.
Word of the Day
"Heigh-ho" - interjection [$10] from Shakespeare and Rudy Vallee.
Heigh-ho is an interjection expressing boredom, resignation, etc.
Sentence: Bunkerman has been sighing, heigh-ho, heigh-ho, as he sees the news and financial vikings - beefers - coming to attack in the same old way. The cluster fandango of the news, "analysis" and reports makes him just sit and wait for a trend to develop.
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"Bank of America is counting on a new multibillion-dollar capital injection from the government"
heigh-ho???
the common man is ready to revolt sir....billions of good $$$ being thrown after bad...a bunker seems like a good place to be
after awhile, one gets numbed to the shelling.
heigh-ho.
Revolt ? The common man wants Obama to lead them ... somewhere.
I guess my old "Ken the Cad" moniker fits well.
Btw, I actaully make money on my BAC play by "trading
it lololol.
Go ahead, traders should crow a bit.
Traders 1, Long term investors 0.
it's nice having a bunker ... gold ... arms ... food reserves ... etc.
one can be secure & wait for the proper time.
That's why the old Normans barons, etc. Ceasar's legions, etc. and cavalry built forts.
For an unknown reason, modern man forgot that basic protection need.
lol
FT reports the co's Corporate Special Opportunities hedge fund is returning only 3 cents on the dollar to investors, underscoring the depths of the difficulties at the alternative investment unit once headed by the bank's current chief executive, Vikram Pandit. The amount being returned is less than had been expected when the company decided to wind up the fund last year and came as bruising news for investors who had been prevented from withdrawing their money since January 2008. Citigroup also stands to lose hundreds of millions of dollars it lent to CSO. It provived the fund with as much as $450 mln in credit lines and $320 mln in equity, while also placing assets with a nominal value of $1 bln that it had bought in the fund. Without the support from Citigroup, the hedge fund, which invested in corporate debt, would have had negative equity, according to a person with direct knowledge of the matter. "Every fund that invested in bank loans in Europe and used leverage did not survive," a Citi spokesperson says. "At least we are giving investors cash."
lol, I guess literally, three red cents is cash
lmao.
'molotov meredith'
LMAOOOOOOOOOOOOOOOOOoooooooo
PS....well done Bman......you steppin up in the nicknames area
long term investing ??? huh ???
the media makes it sound like Buffett's style is the only way to succeed in the markets
it is...........only if you have billions...........and you don't mind eating lima beans for 20 years
long only long term investing...........give me a f'ng break
"At least we are giving investors cash."
lmaooooooooooooooo
yes 3 cents on the dollar....great point sir...your investors applaud you....well done indeed
true, one does need other income to invest long term.
that's where the time horizon comes in.
after awhile, one gets numbed to the shelling.
my aazzz..put an edge on the k-bar...load some belts...we attack at dawn Bunky and fight to the death...my god man get off your knees.
I await a sign, frosty. Plenty of ammo linked & ready.
wow the TARP has been ana mazing success....great job fellas
well the Sherman tank was a "great" success, except for the tank crews taking massive casualties.
But without it - US had the "Grant" tank, truly a cluster fubar.
It's relative to what would "be" without it.
bought a smidge of JPM for a VLTA - that's text dialect for very long term account.
Bidding for AAPL smidge in same.
from FT via Briefing: It appears that there has also been another, more powerful factor at work that has been weighing on the markets recently: the return of forced selling by hedge funds. According to the Financial Times, investors withdrew a net ~$150 bln from hedge funds during the month of December, in spite of moves by dozens of funds to halt or suspend redemptions. The FT further noted that the record December figure was equivalent to about 10% of industry assets. This report confirms what we've suspected over the past few sessions, which were marked by relentless selling and a total absence of bidders: that this forced selling has continued and re-accelerated in January, and that this phenomenon has the capacity to dominate the direction of the market far more than newsflow, even during earnings season.
that's more like it Bunky...stick in the k-bar and twist is slow.
you know what a snipper feels when he smokes a paki...that's right...a slight recoil.
SNIPER indeed
Speaking of Sniping,
I have a T-shirt with an outline photo of a friend aiming a Barrett .50 (mine) - it says, "Don't Run, You'll Just Die Tired"
A great shirt. Should be sold on Afgan street markets as a warning.
is that the one with the shock absorbers on shoot a guy from 2 miles away?..lol....do they come in sunboy yellow?.loool
yes, but 2 miles would be a long shot without a spotter with a good laser range finder.
It is beautiful black.
I have a 24x scope on it
except for wind, after the first 100 yds, it's all ballistics until the round goes subsonic.
the t-shirts were made in teal, maroon and black, btw - no yellow.
my pal sold them at MG shoots for a few years in the 1990s
very popular with that crowd
;)
speaking of 'recoil'....that's what a jerbel does when he says frosty
'what are you talkin' about??'
hmmm ... some translation may be necessary.
"gerbil" - a small mouse-like rodent of the genus "Gerbillus" and related genera of arid regions of Africa and the Middle East, with long hind legs and a long tail.
"jerbel" is not in "normal" dictionaries.
Well, phonetic spelling is the modern way, I guess.
I think an aspersion of being cast upon what someone is attracted to and the size of someone's ... uh ...
;)
bunky those were some fine sales in the financials....i know your boy Ken Heebner loaded the boat in them in the fall.....madness
well, my thinking was that there was little profit in them with the TARP mattress on them, and they'd suffer from the problems induced in the real economy by the October panic.
My Obama Fund buys were obviously "early" - lucky I saved some ammo.
holding so much C and WB too long did hurt, though. I didn't trade around those as well.
there has been some serious selling in the rails.
Shark Bites: Big Picture Remains Gloomy...thanks jim your the best...Bud can't post with a mouth full of shark meat...what are friends for, no need to thank me.
uhh frosty were you were that the big picture is gloomy?
6k seems worth it indeed...
whatever sal, u watch one birds game, leaned against em, and u think u understand that retarded mormon?
the only iggles game ive missed since 99 have been because of soccer.
ive watched every game this yr.
here how andy is gotten a bit better.
he is listening to us and the media.
NO MORE CHALLENGING!
run the fucking ball!
let jimmy run the d
and seriously the guy needs a break. he must seriously weigh over 400 lbs. that cant be healthy. and both sons still in the can.
either he wins the super bowl, or shud be fired!!!!!!!!!!!!!!
DONNY is HOF material. Eli is tripe!
I guess all the sellers were Meredith's masters.
Bunky...figured if we get you to man up a lil and find your sack we could get a snapper...careful, Mrs B might want to board the good skip frost before you kick...Mrs B would dig the frostman.
uh who was buying this AM ? Moi.
Mrs. B is looking at a couple stocks to buy.
bought a wee bit of TFL today, btw. - an add.
oops, that's TLF - from Obama list.
Mrs B....somebody said Liz bought SPAR
TLF....Doozio loves that one....
good volume today....
SPAR is in Obama Fund.
Hmmm Doozio likes leather, eh ?
....frosty on fire today
he is listening to us and the media.
how do ya make rolling eyes on this thing?..loool...."us"....
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