350zCommtech's Account Talk

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350zCommTech said:
BSC: Capital ratios remain in good shape: Bear Stearns CEO

Bear CFO:Firm has had no big mark to market hits since Feb

Bear able to do business as usual with new credit : CFO


Ok, so they're now in good shape thanks to the Fed. But what happens after 28 days? Pay it back or roll it over?
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I just hope it's not roll over. X-(
 
350zCommTech said:
UBS down 6% in AH trading, after losing 8.35% today.
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Well you made the call there are friggin cockroaches everywhere. I was wrong before there is no doubt UBS is going down and I thought they were going to release information at the close of business Monday. Well that made sure Monday will be a $hit day. :rolleyes:Then the Fed will cut/must cut 1% anything less will be the great depression all over.

I am staying in the G Fund until the market drops to 11,000 and that may be next week. Wow there is so much $hit where do you even start to think the Market isn't going to hit 10,000. This isn't doom and gloom this is a fact. What a great President we have to get us through this :rolleyes: - we are screwed !!!!!!!!
 
Braveheart said:
Well you made the call there are friggin cockroaches everywhere. I was wrong before there is no doubt UBS is going down and I thought they were going to release information at the close of business Monday. Well that made sure Monday will be a $hit day. :rolleyes:Then the Fed will cut/must cut 1% anything less will be the great depression all over.

I am staying in the G Fund until the market drops to 11,000 and that may be next week. Wow there is so much $hit where do you even start to think the Market isn't going to hit 10,000. This isn't doom and gloom this is a fact. What a great President we have to get us through this :rolleyes: - we are screwed !!!!!!!!
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I honestly don't care if people call me doom and gloom or an alarmist. Because as you said, these are the facts. The facts are that financial institutions are in trouble and this is a bear market. While it's true that it's not an official bear market because we haven't drop enough yet(-20%?), I'm not going to play it like it's still a bull market until some idiot officially proclaims it.

If I see an opportunity to make money in stocks, I will jump in just like I did on Wednesday.

Today's news about BSC was a big one. BSC is a primary dealer. They have access to the discount window. Apparently they don't have good enough assets to use it. I think I read some news that GS said no to them. I don't remember the exact article. Here is my wild ass guess on what happened: JPM was able to laundered some MBS for Treasuries, then for cash, which was then loaned out to BSC. The big question is what happens if BSC can't pay it back next month?:D
 
anidoc said:
Z,

I thought bailouts were BAD for the F fund? It sure zoomed up today after the news, then fell back, while stocks fell then leveled off. What's up with that end of day rally...something smelly or another setup?
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The F fund was up because it wasn't a bailout. It was a temporary help. But more importantly, it confirmed the rumors of BSC being on the verge of bankruptcy. That was why the markets tanked. If the markets had thought it was a real bailout, they would have rallied and the F fund would have tanked.
 
anidoc said:
So why the handout for BSC? Whatever happened to survival of the fittest and competition? The same article said that besides targeting BSC, Citi and BOA will benefit most from the bailout.
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Corruption? Helping their friends? The election? Future place of employment after they're out of the government?

Pick one or all.:D

Oh, we are apparently in France of America.:D
 
anidoc said:
``I believe the U.S. economy is now in recession,'' Feldstein, president of the National Bureau of Economic Research, said in a speech at the Futures Industry Association conference in Boca Raton, Florida. ``The situation is bad, it's getting worse and the risks are that the situation could be very bad.''
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You hear that Birch? Not just housing but the U.S. economy.:D
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350zCommTech said:
I honestly don't care if people call me doom and gloom or an alarmist. Because as you said, these are the facts. The facts are that financial institutions are in trouble and this is a bear market. While it's true that it's not an official bear market because we haven't drop enough yet(-20%?), I'm not going to play it like it's still a bull market until some idiot officially proclaims it.

If I see an opportunity to make money in stocks, I will jump in just like I did on Wednesday.

Today's news about BSC was a big one. BSC is a primary dealer. They have access to the discount window. Apparently they don't have good enough assets to use it. I think I read some news that GS said no to them. I don't remember the exact article. Here is my wild ass guess on what happened: JPM was able to laundered some MBS for Treasuries, then for cash, which was then loaned out to BSC. The big question is what happens if BSC can't pay it back next month?:D
Click to expand...

Yes you are right and JPM could lose big guilt by association and lose their assets. Wednesday was a good play I was in the F and still can't believe it went up 10 cents makes you wonder why did that pay so much. WHy does the I Fund get screwed over and over. Why did the G Fund not pay until Wednesday? :suspicious:

I really wanted to get into the S Fund Monday but I am glad I didn't. I at least don't have to worry about losing thousands now and I thank you for that. Even if the market somehow goes up Monday don't matter I know this was the best decision. I can sit back and watch this unfold but the G Fund was the smart play there aren't any roaches in that yet. Have a good weekend - Braveheart :D
 
Braveheart said:
Yes you are right and JPM could lose big guilt by association and lose their assets. Wednesday was a good play I was in the F and still can't believe it went up 10 cents makes you wonder why did that pay so much. WHy does the I Fund get screwed over and over. Why did the G Fund not pay until Wednesday? :suspicious:

I really wanted to get into the S Fund Monday but I am glad I didn't. I at least don't have to worry about losing thousands now and I thank you for that. Even if the market somehow goes up Monday don't matter I know this was the best decision. I can sit back and watch this unfold but the G Fund was the smart play there aren't any roaches in that yet. Have a good weekend - Braveheart :D
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Thank you and a good weekend to you too.:)
 
ROFLMAO, doom, gloom, alarmist!!! Preach it brother! Now BSC knows doom, gloom, and alarm! We knew it was coming and you were just more vocal that the rest of us.

I just wish they would get the big capitulation over with but I think this will linger on for many years. Reading my STA and it brought up a good point about the last President leaves a mess for the next President to straighten out their first two year in office. Sounds familiar. Set up the next Administration so that they have a hard time getting re-elected for their second term. What a country!

Have a great weekend everyone!
 
I think TSP Board may be putting out those viruses on folks computers -those that do more than 2 IFTs +1. Watch those SOBs, don't put anything past what they'll do! :D:rolleyes:
 
DennisFAA said:
Braveheart said:
I really wanted to get into the S Fund Monday but I am glad I didn't. I at least don't have to worry about losing thousands /quote]
Nor will you have the pleasure of making thousands either..But after today (C -.30 and S -.36) C and S would be great buys right now for any rally next Monday ;)
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LMAO - BET FAST WON'T LAST !!! The C Fund & the S Fund are not a great buy for me because I made my bet there is no rally Monday. I am betting the Market will drop and I won't take pleasure in seeing good hard working people lose in a bogus Market with lies and deception. Here is how I see this unfolding in a few parts I am no expert in this Horrible Market since 2007 but I have been in the TSP since 1989 I don't brag about how much money I have made usually the people that do have the least but I often use the word smart play or good call. I watch many posts and have found that Z is what I consider a solid player and I lean on him alot because I don't have his skills in this kind of Market. I have made so many "good plays" and got burned by rumors etc but I am down $300 for the year. Because I refuse to go all in unless I consider it a smart play. After looking at my information I ask Z what he thinks sometimes we differ but Friday I was thinking of moving to the S Fund from the G Fund but when Z gave me his imput and watching all the BSC information unfold that was it. Like in cards some of your best moves are the ones you don't make and there is no doubt in my mind I just made the best move because you can't lose what you don't put in the middle and you wait for that better hand.

The Foreign Markets will set the stage Sunday Night setting up Part 1.

No one really cares what the Fed does now because they know it has to be a 1 point cut or things will really get worse on Tuesday so there will be no speculation either the Fed Cuts .75 and we drop on Tuesday as well or they cut 1 point yet it's no cure for the corruption in this Market. Part 2

The Market will surely open down but the only shock would be the Fed makes the 1 Point Cut on Monday - sleeper pick here who knows what they will do now.:notrust:

The BSC is only the beginning if they are in trouble imagine all the others who are that we just don't know about surely this has to be on everyones mind so there is fear & no trust Part 3

The Market opens down but where do you go. Bonds, Gold etc. but remember that Fed cut is Tuesday so the Bonds are a bad call for Tuesday with a 1 point cut. Many cash out and take the loss - Market Drops Part 4

The C Fund and the S Fund will still be around on Tuesday/Wednesday etc. and my bet is they may have good value then until the next roach walks in a rumor Bank of America having problems and we still have Opec and all the other reports so my bet is safe watch it unfold and don't let the Market control you play smart and maybe The S Fund is $16 or Maybe the C Fund is $13 maybe not but I will regroup and it would be my pleasure to sit at the table with better cards and the buy in for the price of pocker just got lower but I'm in control now at a good price. Sometimes it's best to fold your hand and walk away and on Monday I don't have to run anywhere. Part 5 :D

I hope you have your rally Monday it just wasn't in the cards for me - Best of Luck - Braveheart
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