350zCommtech's Account Talk

[350zCommTech]

Sweet run in the Ffffffffffffff!!!!!

Yup, and I'm still in it!

 

[Braveheart]

Yup, and I'm still in it!

F Fund got screwed 4 cents

-----They used any profits to dump into the L 2040 and L 2030 how does the L 2040 that is bulk I, C and S only drop 22 cents WTF so the F Fund was used to keep it from what should be a 40 cent drop

 

[350zCommTech]

F Fund got screwed 4 cents

-----They used any profits to dump into the L 2040 and L 2030 how does the L 2040 that is bulk I, C and S only drop 22 cents WTF so the F Fund was used to keep it from what should be a 40 cent drop

Maybe not. My calculations showed 5 cents, with a 3:00 cut-off time. Between 3:00-4:00pm, yields did move up a little. That could have been where the our 1 penny went, or it might just have been a rounding issue.

 

[350zCommTech]

This is BS PPT in action. Just as the markets are about to fall off a cliff. It's basically free f#$##$%$% money to the primary dealers, like Goldman Sacks, and taking any mortgage backed securities as collateral. Nobody else will buy them so the Feds steps in. This pure BS. Dollar going into the shitter and the interest rates are shooting to the moon. $120 oil? F fund getting killed. How are higher mortgage rates going to help people? This is all for Wall Street.

Fed expanding securities lending program

By Ruth Mantell
Last update: 8:31 a.m. EDT March 11, 2008

WASHINGTON (MarketWatch) -- To promote liquidity and "foster the functioning of financial markets more generally," the Federal Reserve said Tuesday it's expanding its securities lending program. The Fed will lend up to $200 billion of Treasury securities to primary dealers secured for a term of 28 days, rather than overnight, as in the existing program. Securities will be made available through an auction process. Auctions will be held on a weekly basis, beginning on March 27. The Federal Open Market Committee has also authorized increases in its temporary reciprocal currency arrangements with the European Central Bank and the Swiss National Bank.http://www.marketwatch.com/News/Sto...1D60-9EB1-4CE7-A048-866B8A01BB3C}&siteid=mktw

 

[350zCommTech]

"In our view, we have already seen about half of the banks' required write-offs," Credit Suisse said.
Financials would remain in the spotlight, with The New York Times reporting on Tuesday that Citigroup has committed to injecting $1 billion across six highly leveraged municipal bond funds with $15 billion in assets.

And where did they get the money to do this? Oh, yeah, see my previous post.

 

[airlift]

Cash futures at Bloomberg.com were going through the roof at 8:58. If these numbers are correct, Wall Street must be euphoric!

 

[DCguy]

we are way over sold and we should see a 2%+ rally before the down trend continues.

 

[DCguy]

tuesday's the day 4+ million feds make contribution to tsp accounts.

 

[350zCommTech]

ECB to offer up to $15 billion in dollar liquidity
By William L. Watts
Last update: 9:01 a.m. EDT March 11, 2008
LONDON (MarketWatch) -- Joining with the U.S. Federal Reserve and other central banks in an effort to boost liquidity in the financial system, the European Central Bank said Tuesday it would offer up to $15 billion in additional dollar liquidity through the Term Auction Facility. Bids will be submitted March 25 for settlement March 27, with a maturity of 28 days, the ECB said in a statement published on its Web site. "It is intended to continue the provision of (U.S. dollar) liquidity for as long as the Governing Council considers it to be needed in view of the prevailing market conditions, the ECB said

LOL! They must be really scared. TheShit must have been about to hit the fan.

 

[350zCommTech]

tuesday's the day 4+ million feds make contribution to tsp accounts.

That's your explanation for Tuesdays being good?

That is BS.

 

[Steadygain]

That's your explanation for Tuesdays being good?

That is BS.

Today is good because enough BUYERS feel the extra 200 Billion from the FED is somehow going to miraculously turn things around.

Fact is most of us knew to expect a short rebound; I just wish I'd gone in yesterday. The jump looks to big to last long - so will stay in safety.

350z - I think you summed it up the best so far.

 

[FUTURESTRADER]

LOL! They must be really scared. TheShit must have been about to hit the fan.

check out EFA volume and price in the last few minutes of the close yesterday. Somebody knew this was coming.

 

[presskh]

This is BS PPT in action. Just as the markets are about to fall off a cliff. It's basically free f#$##$%$% money to the primary dealers, like Goldman Sacks, and taking any mortgage backed securities as collateral. Nobody else will buy them so the Feds steps in. This pure BS. Dollar going into the shitter and the interest rates are shooting to the moon. $120 oil? F fund getting killed. How are higher mortgage rates going to help people? This is all for Wall Street.

Agree, 350z. This is just the Fed pandering to Wall Street. They should let the free market flush out the imbalances so that a bottom can be made. All this will do is delay the downward trend. It's hard to come up with any kind of market strategy when the Fed jumps in and upsets the natural swings of market emotion.

 

[The_Technician]

Agree, 350z. This is just the Fed pandering to Wall Street. They should let the free market flush out the imbalances so that a bottom can be made. All this will do is delay the downward trend. It's hard to come up with any kind of market strategy when the Fed jumps in and upsets the natural swings of market emotion.

Looks like a good business to be in .....write a bunch of bad mortgages, get the general public with their taxes to buy out your bad business practice and make a lot of money at it......seems questionable .....

I'm tired of my hard earned income going in every bodys elses pockets.....

 

[350zCommTech]

check out EFA volume and price in the last few minutes of the close yesterday. Somebody knew this was coming.

Yes, they did. Remember the news about Goldman Sacks being short the financials? That was our clue that something like this was coming. F@#$%$#%$#% Bastards.

 

[350zCommTech]

Ok, enough whining for the now.

Looking at the markets. The I fund is a NO-BRAINER for tomorrow. The Yen carry trade came back in a big way. Japan should have a big night tonight. With the Dow up 260 already, there is less chance of a +FV. Eventhough the S&P never got to 1270, 1273 mightbe close enough to be considered a retest. Another up day tomorrow and we might hear talks of a double bottom.

 

[merlin]

Ok, enough whining for the now.

Looking at the markets. The I fund is a NO-BRAINER for tomorrow. The Yen carry trade came back in a big way. Japan should have a big night tonight. With the Dow up 260 already, there is less chance of a +FV. Eventhough the S&P never got to 1270, 1273 mightbe close enough to be considered a retest. Another up day tomorrow and we might hear talks of a double bottom.

Are you going I for tomorrow?

 

[Reactive1]

Just keep in mind that if you add up yesterday and today, the S&P is up 3.05 points as I type this.

 

[350zCommTech]

350,

Going I Fund? Or moving at all?

Thinking I fund but have not made up my mind yet.

 

[Guest2]

anidoc, IMO, The G is paying today