350zCommtech's Account Talk

[Show-me]

the rumor mill has it that a swiss financial co is about to go the same way as bear sterns this week

UBS?

 

[Show-me]

Is that why the Fed is sending a bone to the Swiss?

Since the coordinated actions taken in December 2007, the G-10 central banks have continued to work together closely and to consult regularly on liquidity pressures in funding markets. Pressures in some of these markets have recently increased again. To that end, today the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing specific measures.

Federal Reserve Actions

The Federal Reserve announced today an expansion of its securities lending program. Under this new term securities lending facility (TSLF), the Federal Reserve will lend up to USD 200 billion of treasury securities to primary dealers secured for a term of 28 days (rather than overnight, as in the existing program) by a pledge of other securities, including federal agency debt, federal agency residential-mortgage-backed securities (MBS), and non-agency AAA/Aaa-rated private-label residential MBS

 

[350zCommTech]

UBS?

Yes. I mentioned it on Friday. The currency market is thinking the same thing.

 

[350zCommTech]

Barclays has some exposure to BSC.:worried:

 

[weatherweenie]

NEW YORK (AP) -- Just four days after Bear Stearns Chief Executive Alan Schwartz assured Wall Street that his company was not in trouble, he was forced on Sunday to sell the investment bank to competitor JPMorgan Chase for a bargain-basement price of $2 a share, or $236.2 million.

At almost the same time as the deal for control of Bear Stearns was announced, the Federal Reserve said it approved a cut in its lending rate to banks to 3.25 percent from 3.50 percent and created another lending facility for big investment banks. The central bank's official meeting is on Tuesday. Before the emergency move to lower the discount rate, which is the rate at which banks lend each other money, the Fed was widely expected to again cut its headline rate by as much as a full point to 2 percent.

 

[350zCommTech]

The Yen is up up 3% so far tonight, since trading started. I've never seen this big a move in one day, much less in 5 hours.

The dollar is falling like a rock. This will help cushion the I fund.

Glad to be in G.

 

[presskh]

The Yen is up up 3% so far tonight, since trading started. I've never seen this big a move in one day, much less in 5 hours.

The dollar is falling like a rock. This will help cushion the I fund.

Glad to be in G.

If we have a big selloff tomorrow morning, I'm thinking of dipping my toes in the TSP stock funds - how 'bout you, 350z? Unfortunately, with our sytem, intraday lows could quickly reverse and end up positive.

Always a gamble.

 

[Geaux4it]

I can't imagine why anyone would want to try this market. It's friggin scary.

 

[FUTURESTRADER]

Barclays has some exposure to BSC.:worried:

yes, I noticed that a swiss institution was 'consulted' before the $200B bail out last week, when the EFA spiked on price and volume at the close the day before.

 

[poolman]

I can't imagine why anyone would want to try this market. It's friggin scary.

Dow Futures, Down 300

 

[350zCommTech]

If we have a big selloff tomorrow morning, I'm thinking of dipping my toes in the TSP stock funds - how 'bout you, 350z? Unfortunately, with our sytem, intraday lows could quickly reverse and end up positive.

Always a gamble.

Posted this yesterday.

I'm itching to pull the trigger. Friday's sell-off had no sign of capitulation. The late day rally was all short covering. If I see a big spike in the VIX on Monday, I'm going C and/or S.

The I fund is totally out of the question. The dollar is set to rally big time. Late last week, we heard a lot of comments from various people including the President. The one thing they kept saying was, "I'm supportive of a strong dollar". Some folks are speculating that a concerted effort by the various CBs to strengthen the dollar is about to happen. They can try to rally the dollar by buying it or cutting interest rates.

The BS CPI allows the Feds to cut as much as 1.00%. The one thing to keep in mind is Goldman Sacks reports Tuesday morning. They have already hinted at a weak report. But if the Feds cut 1.00%, the markets will rally.

 

[presskh]

I can't imagine why anyone would want to try this market. It's friggin scary.

Unfortunately, to make any money above what the G or F funds are paying in a bear market like this, you have to be willing to jump in, at least partially, when the situation looks very grim to catch the next rally up. I will jump in probably 50% and will exit quickly back to the G fund if we get a 2% or so rally.

Again, investing is always a gamble.

 

[Show-me]

Ya know I might go long with ya tomorrow in the C fund if there is some real blood in the streets. I can handle a little pain if it doesn't work out and misery loves company. Plus I have not got my certified letter and I am feeling left out. I'm going to sleep on it. See ya in the morning.

 

[350zCommTech]

Ya know I might go long with ya tomorrow in the C fund if there is some real blood in the streets. I can handle a little pain if it doesn't work out and misery loves company. Plus I have not got my certified letter and I am feeling left out. I'm going to sleep on it. See ya in the morning.

Good night.....Sleep tight.....

 

[FUTURESTRADER]

1987...-25% in 6 days???

 

[350zCommTech]

and this is supposed to "strengthen" the dollar??? lmao bush.

No, the dollar will strengthen will the other CBs do a coordinated interest rate cut.

 

[weatherweenie]

gold up to $1032

 

[350zCommTech]

Barclay is going to say good bye to $374M. :laugh::laugh::laugh:


BSC TOP INSTITUTIONAL HOLDERS
HolderShares% OutValue*Reported

BARROW, HANLEY MEWHINNEY & STRAUSS, INC. 11,485,058 9.73 $1,013,556,368 31-Dec-07
MORGAN STANLEY 6,335,729 5.37 $559,128,084 31-Dec-07
Legg Mason Capital Management, Inc. 5,721,010 4.84 $504,879,132 31-Dec-07
PRIVATE CAPITAL MANAGEMENT, INC. 5,541,259 4.69 $489,016,106 31-Dec-07
Barclays Global Investors UK Holdings Ltd 4,245,451 3.60 $374,661,050 31-Dec-07
STATE STREET CORPORATION 3,550,715 3.01 $313,350,598 31-Dec-07
VANGUARD GROUP, INC. (THE) 3,149,691 2.67 $277,960,230 31-Dec-07
JANUS CAPITAL MANAGEMENT, LLC 2,765,699 2.34 $244,072,936 31-Dec-07
FMR LLC 2,359,011 2.00 $208,182,720 31-Dec-07
PUTNAM INVESTMENT MANAGEMENT, LLC 2,242,980 1.90 $197,942,985 31-Dec-07

http://finance.yahoo.com/q/mh?s=BSC

 

[Braveheart]

Z - I think the Fed is going to cut today:nuts: at about 8:30 AM 1% I figure why not the market is going to take a beating so if they wait it will be a long day. This will rally Europe and the US and any more damage. Just my thought.

Anyway where are you looking I know bad reports are out tomorrow but say the Market does drop 300-400 today the C Fund & S Fund great buys but the question is which one will do better in these conditions. The big caps in the C Fund might be tough but the S could do well.:nuts: Financials are the killer here so if it's going to tank then I would rather see it early and huge before noon so we have an idea of what we are looking at.

If the Fed cuts .75 and we go to the S Fund we are screwed but the I Fund is completely out of the question. As always I appreciate your thoughts - Braveheart

 

[350zCommTech]

Z - I think the Fed is going to cut today:nuts: at about 8:30 AM 1% I figure why not the market is going to take a beating so if they wait it will be a long day. This will rally Europe and the US and any more damage. Just my thought.

Anyway where are you looking I know bad reports are out tomorrow but say the Market does drop 300-400 today the C Fund & S Fund great buys but the question is which one will do better in these conditions. The big caps in the C Fund might be tough but the S could do well.:nuts: Financials are the killer here so if it's going to tank then I would rather see it early and huge before noon so we have an idea of what we are looking at.

If the Fed cuts .75 and we go to the S Fund we are screwed but the I Fund is completely out of the question. As always I appreciate your thoughts - Braveheart

No cut today. No point wasting a bullet the day before the annoucement.

I'm thinking 50C/50S.