350zCommtech's Account Talk

[Braveheart]

-40%

RTFLMAO!!!!!!!!:laugh::laugh:

How about the S & P boy it's a good thing everything is great. We were lied to once again on that unproven breaking news.

OK so I guess the F Fund is no good for Monday it's going to make a bundle today so there will be no room for gains. The I Fund is no good for Monday. So there is the C Fund & the S Fund & the G Fund. Well now the Fed may have to cut at least .75.

You have to wonder why did that news leak today on Bear and not Monday-Thursday !!! The timing was also perfect for the insiders they have all day to bring this market down and everyone runs for the exits.

 

[350zCommTech]

Looks like the PPT came in once again at, guess what? 1280.

 

[poolman]

What a Swing. Now the DJIA is only down 125 from 300.

Futures for the March FOMC are showing a 100 point basis Cut.

Come On. This market is in for a Wild Ride next week.

 

[350zCommTech]

You have to wonder why did that news leak today on Bear and not Monday-Thursday !!! The timing was also perfect for the insiders they have all day to bring this market down and everyone runs for the exits.

Exactly, S&P suckered a lot of folks in.

 

[350zCommTech]

Didn't BSC say the other day that they were in good shape? Enron?

 

[DCguy]

the fed govt hasn't said yet about supporting the BSC and JP is saying the fed will support BSC and JP. I think if we hear one word from the fed saying they will provide the fund to BSC and JP, we can expect the market to skyrocket.

 

[Braveheart]

Now that mass panic sold off in 30 minutes you have to wonder who came back in and bought enough to move the market up 200 points from being down 300 points.

Someone just made big profits on the dip and it wasn't me. A dream day for day traders CNBC could spread a rumor and this market would drop 900 points that is fragile it is now.

WHERE WAS CNBC ALL WEEK ON THIS ??? WHAT THEY WERE ALL OVER AMBAC AND THEY COULDN'T AT LEAST DROP THAT RUMOR EVERY DAY.

 

[Asylum]

Even Matt Drudge is running the story with his red and blue flashing strobe light gif..

http://www.drudgereport.com/

 

[DCguy]

BSC name alone is worth alotta money and at the current share price, it's good opportunity to take over.

 

[350zCommTech]

the fed govt hasn't said yet about supporting the BSC and JP is saying the fed will support BSC and JP. I think if we hear one word from the fed saying they will provide the fund to BSC and JP, we can expect the market to skyrocket.

It has already happened. The Feds new creative TSLF was meant for BSC.

Bear Stearns gets help from Fed, J.P. Morgan
Broker admits its liquidity 'significantly deteriorated'; mulls alternative options

By Alistair Barr, MarketWatch
Last update: 10:08 a.m. EDT March 14, 2008

SAN FRANCISCO (MarketWatch) -- Bear Stearns Cos. said Friday that it got short-term financing from the Federal Reserve and J.P. Morgan Chase after the brokerage firm's liquidity "deteriorated significantly" during the past 24 hours.

J.P. Morgan said it's providing Bear with secured funding for up to 28 days, in conjunction with the Federal Reserve Bank of New York.

"Our liquidity position in the last 24 hours had significantly deteriorated," Alan Schwartz, chief executive at Bear, said in a statement. "We took this important step to restore confidence in us in the marketplace, strengthen our liquidity and allow us to continue normal operations.
http://www.marketwatch.com/news/sto...x?guid={FB1471C5-8532-4893-B2A6-4869733CCD98}

 

[350zCommTech]

I am so pissed off that my beloved F fund taking off without me.

 

[350zCommTech]

The 20 and 50 proved to much to overcome and we're headed back down to 1280 again. Let's see if they can save it again.

 

[presskh]

Didn't BSC say the other day that they were in good shape? Enron?

Exactly - Alan Schwartz, BSC CEO, told lies that they did not have a liquidity problem. Now he states that their situation has deteriorated dramatically in the last 24 hours (probably about the same length of time since he told the last lie). You would have to pretty naive to believe that he didn't know the dire straits BSC was in many days, if not weeks or months, ago. I thought you could go to jail as a CEO for making public statements about your company's financial condition that are totally untrue.

 

[350zCommTech]

Nikkei futures down 370.

 

[Braveheart]

It has already happened. The Feds new creative TSLF was meant for BSC.

Correct and now the market should move down 400 points because that 200 Billion was for one huge company but we were all supposed to believe the Fed was going to help stimulate the market but that was all for BSC.

I just cancelled my IFT to the F Fund for Monday. So who is willing to gamble now in the C Fund or S Fund the I Fund will get killed Monday !!!!!!!!!!!!!!!!!

 

[presskh]

The 20 and 50 proved to much to overcome and we're headed back down to 1280 again. Let's see if they can save it again.

Agree - it seems like every time the S&P heads down below 1300 the Fed pulls another rabbit out of the hat.

 

[350zCommTech]

Exactly - Alan Schwartz, BSC CEO, told lies that they did not have a liquidity problem. Now he states that their situation has deteriorated dramatically in the last 24 hours (probably about the same length of time since he told the last lie). You would have to pretty naive to believe that he didn't know the dire straits BSC was in many days, if not weeks or months, ago. I thought you could go to jail as a CEO for making public statements about your company's financial condition that are totally untrue.

Why would you put your buddies in jail? Or why bite the hands that feed you?

 

[350zCommTech]

Correct and now the market should move down 400 points because that 200 Billion was for one huge company but we were all supposed to believe the Fed was going to help stimulate the market but that was all for BSC.

I just cancelled my IFT to the F Fund for Monday. So who is willing to gamble now in the C Fund or S Fund the I Fund will get killed Monday !!!!!!!!!!!!!!!!!

At this point, we don't really know that it was ALL for BSC. There might be others. $200B is a lot of money.

I would not be gambling right now. Yes, the market should be down 400 points, but it's not. But if we hear more rumors like we did last weekend, Monday could be a -400 point day. Remember there's never one cockroach.

 

[DCguy]

The Federal Reserve issued a press release that stated it is "monitoring market developments closely and will continue to provide liquidity as needed." The Board unanimously approved the JPMorgan Chase (JPM 366.66, -1.45) and Bear Stearns (BSC 31.47, -25.53) arrangement.
Fed funds futures are now pricing in a 22% chance of a 100 basis point rate cut, with the rest of the odds on a 75 basis point cut. There was no chance of a 100 basis point cut yesterday.

1% cut is now possible.

 

[350zCommTech]

One thing I haven't seen mentioned here - probably because it doesn't affect boomers - is the death of the student loan program. Over 40% of all student loans have been cancelled. One of my best friends had to leave school in the middle of the semester of her last year in vet school - just got back in town today. She is devastated...$80,000 in debt and no way to finish school now. She is 35 years old, she decided to switch careers at 30 and went back to college. That took a lot of guts. She is extremely depressed and we're on suicide watch. The fed sucks.

Sadly, the Feds are more concerned about bailing out Wall Street.