12%ayear's Account Talk

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Re: bouncing of a ceiling

12%ayear said:
You are the majority in thinking this. I beg to differ. All the bad news is factored in and when everyone is talking how bad it is, it is too late to become a bear..the same with the opposite. Everyone compares this to 1929. We are living in a modern era with an active Fed and Tech., to block a depression to occur . We are seeing a stronger US Dollar ,lower inflation, cheap real estate prices,where buyers are stepping in,and moxie. Watch how this market fools everyone and rallies hard 12500-13000s range, before end of the year. Bookmark this!!!
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I hope you are right as I am getting a little tired of not making any money. I would agree with you if this was a correction in a bull market , but both bull markets and bear markets tend to run longer than you'd think reasonable. Stocks valuations tend to move down to 'very undervalued', not just 'fairly valued' by the time a bear is over. But who knows, maybe it's "different this time"?

Again, I hope we look back at this and say, hey 12% picked the bottom in September on 9/11/08!
 
Re: bouncing of a ceiling

tsptalk said:
I hope you are right as I am getting a little tired of not making any money. I would agree with you if this was a correction in a bull market , but both bull markets and bear markets tend to run longer than you'd think reasonable. Stocks valuations tend to move down to 'very undervalued', not just 'fairly valued' by the time a bear is over. But who knows, maybe it's "different this time"?

Again, I hope we look back at this and say, hey 12% picked the bottom in September on 9/11/08!
Click to expand...

Bad news and I am 100% in. Today will be a 200 point drop day.

1. It's Friday which is also FDIC bailout day for some bank

2. Hurricane ready to swamp the Oil Fields and Texas

3. Leh won't make a deal and now they will be at $3.50 or less today

4. August numbers are in and they are terrible.

5. The Fed sould cut today but they won't Asia is more important and we have to give them a notice after our markets close.

6. Will BAC buy LEH or was that B.S. either way the financials will drop like a rock because one man refuses to make a move and that bastard has cost Americans about a trillion dollars this year alone. I now hope the Fed says LEH go to hell and you have nothing but a penny stock.:mad:
 
12%ayear said:
Watch for news on LEH...Fed bailout or a buyout very soon. This is the last of the big ones. Time to move on :rolleyes:
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It would be nice if it was announed now the difference between now and Sunday is the Fed doesn't care about American Investors so we lose our shirts so Asia can get the upper hand W T F !!!
 
Steadygain said:
I said the same thing about Fannie/Freddie and felt the same way.

You're a good guy - and totally amazing. GL my friend.
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I say the hell with them and let them go bankrupt. Fuld could have sold at $20 but wanted $40 well now it's about to be worth $2.00 what a friggin a**hole.:mad:
 
Re: bouncing of a ceiling

Braveheart said:
Bad news and I am 100% in. Today will be a 200 point drop day.

1. It's Friday which is also FDIC bailout day for some bank

2. Hurricane ready to swamp the Oil Fields and Texas

3. Leh won't make a deal and now they will be at $3.50 or less today

4. August numbers are in and they are terrible.

5. The Fed sould cut today but they won't Asia is more important and we have to give them a notice after our markets close.

6. Will BAC buy LEH or was that B.S. either way the financials will drop like a rock because one man refuses to make a move and that bastard has cost Americans about a trillion dollars this year alone. I now hope the Fed says LEH go to hell and you have nothing but a penny stock.:mad:
Click to expand...

I would not be surprise if the lows of the day was just put in and we end green. This looks like yesterday.

While the Dow is -130, the VIX is only up slightly and bound yields are actually up! Also, the USD/YEN (Yen carry trade indicator) was oversold and should be headed up soon.

Fed might cut on Tuesday, but it might not help the market. LEH is toast and WM is getting close.:worried:
 
Re: bouncing of a ceiling

fabijo said:
yikes. another cut? so long to these low oil prices.
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I agree, I hope they don't do a cut! Rate cuts haven't done anything to help interest rates in general, all it's done is get the market to pop and drop (with a shorter pop and a longer drop every time).
 
Re: bouncing of a ceiling

350zCommTech said:
I would not be surprise if the lows of the day was just put in and we end green. This looks like yesterday.

While the Dow is -130, the VIX is only up slightly and bound yields are actually up! Also, the USD/YEN (Yen carry trade indicator) was oversold and should be headed up soon.

Fed might cut on Tuesday, but it might not help the market. LEH is toast and WM is getting close.:worried:
Click to expand...

I don't want to see a cut then Oil will be $125 in a few days. The shorts are killing this market one could even think it is deliberste to destroy our economy. Some cave Bin Laden is shorting LEH WM and Merrill. They tried to kill wall street on 9/11 with as many Americans and anyone think they don't have the power to do this.
 
Last edited:
Bank of America May Lead Lehman Bid, MF Global Says (Update1)

By Ben Livesey
Sept. 12 (Bloomberg) -- Bank of America Corp., the biggest U.S. consumer bank, may team up with Barclays Plc and private equity firms to make an offer for Lehman Brothers Holdings Inc., analysts at MF Global Securities Ltd. said.
``A consortium could work, and it's been done before,'' Mamoun Tazi, a London-based analyst at MF Global, said in a telephone interview today. ``Only a domestic buyer could negotiate the right guarantees. Barclays could take the asset management unit which would make sense,'' he said.
Barclays would add actively managed mutual funds and hedge funds by bolting on Lehman's asset management unit to its own San Francisco-based Barclays Global Investors division, Tazi said. It would also expand in quantitative funds, he added.
Lehman is seeking buyers for the investment bank amid signs that the U.S. government may balk at providing the funding that enabled Bear Stearns Cos. to sell itself and avoid bankruptcy.
Chief Executive Officer Richard Fuld, who built New York- based Lehman into the biggest U.S. underwriter of mortgage bonds during his four decades at the firm, was pushed toward a forced sale after talks about a cash infusion from Korea Development Bank ended, sparking a 70 percent drop in the firm's market value over the past four days.
Alistair Smith, a Barclays spokesman in London, declined to comment.
ABN Amro, LaSalle
Barclays Chief Executive Officer John Varley, 52, crafted a 63 billion-euro ($89 billion) bid for Dutch bank ABN Amro Holding NV last year with the help of Bank of America, which agreed to take ABN Amro's LaSalle unit for $21 billion in a adjunct transaction. Varley lost ABN Amro to a group comprising Royal Bank of Scotland Group Plc, Banco Santander SA and Fortis.
Lehman's asset management unit, which includes Neuberger Berman Inc., may be worth as much as 4.5 billion pounds ($8 billion), similar to the value of Barclays's fund management unit, Tazi said. A ``distressed purchase'' of all of Lehman by a group led by Bank of America may enable Barclays to buy the unit for less, Tazi said.
To contact the reporter on this story: Ben Livesey in London blivesey@bloomberg.net
 
Re: bouncing of a ceiling

Braveheart said:
I don't want to see a cut then Oil will be $125 in a few days. The shorts are killing this market one could even think it is deliberste to destroy our economy. Some cave Bin Laden is shorting LEH WM and Merrill. They tried to kill wall street on 9/11 with as many Americans and anyone think they don't have the power to do this.
Click to expand...

Don't kid yourself Braveheart. BSC, FNM, FRE, LEH, WM, MER, and the rest of Wall Street did this to themselves. They created and profited off the liar loans. They deserve what's coming to them. Their friends, Hank and Ben, can only do so much.
 
12%ayear said:
Bank of America May Lead Lehman Bid, MF Global Says (Update1)

By Ben Livesey
Sept. 12 (Bloomberg) -- Bank of America Corp., the biggest U.S. consumer bank, may team up with Barclays Plc and private equity firms to make an offer for Lehman Brothers Holdings Inc., analysts at MF Global Securities Ltd. said.
``A consortium could work, and it's been done before,'' Mamoun Tazi, a London-based analyst at MF Global, said in a telephone interview today. ``Only a domestic buyer could negotiate the right guarantees. Barclays could take the asset management unit which would make sense,'' he said.
Barclays would add actively managed mutual funds and hedge funds by bolting on Lehman's asset management unit to its own San Francisco-based Barclays Global Investors division, Tazi said. It would also expand in quantitative funds, he added.
Lehman is seeking buyers for the investment bank amid signs that the U.S. government may balk at providing the funding that enabled Bear Stearns Cos. to sell itself and avoid bankruptcy.
Chief Executive Officer Richard Fuld, who built New York- based Lehman into the biggest U.S. underwriter of mortgage bonds during his four decades at the firm, was pushed toward a forced sale after talks about a cash infusion from Korea Development Bank ended, sparking a 70 percent drop in the firm's market value over the past four days.
Alistair Smith, a Barclays spokesman in London, declined to comment.
ABN Amro, LaSalle
Barclays Chief Executive Officer John Varley, 52, crafted a 63 billion-euro ($89 billion) bid for Dutch bank ABN Amro Holding NV last year with the help of Bank of America, which agreed to take ABN Amro's LaSalle unit for $21 billion in a adjunct transaction. Varley lost ABN Amro to a group comprising Royal Bank of Scotland Group Plc, Banco Santander SA and Fortis.
Lehman's asset management unit, which includes Neuberger Berman Inc., may be worth as much as 4.5 billion pounds ($8 billion), similar to the value of Barclays's fund management unit, Tazi said. A ``distressed purchase'' of all of Lehman by a group led by Bank of America may enable Barclays to buy the unit for less, Tazi said.
To contact the reporter on this story: Ben Livesey in London blivesey@bloomberg.net
Click to expand...

Should I sell today or hold what a question. Will the market spike on this or drop and why does the Fed have to wait until the weekend since it would not involve them. I think LEH should put a halt to the stock right now.
 
Re: bouncing of a ceiling

Braveheart said:
I don't want to see a cut then Oil will be $125 in a few days. The shorts are killing this market one could even think it is deliberste to destroy our economy. Some cave Bin Laden is shorting LEH WM and Merrill. They tried to kill wall street on 9/11 with as many Americans and anyone think they don't have the power to do this.
Click to expand...
Oil at $125?? Try under $100. These hurricanes are all fluff news. There is plenty of supply and OPEC is getting worried. When retail numbers are bad, that tells me that less goods are being made and transported. Also, the US DOLLAR is gaining serious momo. The down cycle has begun about a month ago for oil. Also, less big trucks and auto are being sold. Many are carpooling and taking public transportation. Another key point is the election. A Obama win will destroy oil prices based on action from his admin. unlike Bush who is pro Big Oil.
 
Re: bouncing of a ceiling

350zCommTech said:
Don't kid yourself Braveheart. BSC, FNM, FRE, LEH, WM, MER, and the rest of Wall Street did this to themselves. They created and profited off the liar loans. They deserve what's coming to them. Their friends, Hank and Ben, can only do so much.
Click to expand...

Ohh I know that but right now this looks like a mission of destruction such as BSC. I don't ever feel sorry for any of them but I wonder if they back check on where the largest shorts are coming from it could be interesting. What would want this country to fail ?

Then it's unreal to hear Sen. Obama talk about cutting taxes or McCain as a reformer. It's the same B.S. year after year "Hope & Change" I still can't believe people buy that crap. This is the best we have to offer it is pathetic.
 
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