350zCommtech's Account Talk

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350zCommTech said:
Staying G. No capitulation yet.
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Agree - I'm staying put in G also. I'm surprised that there wasn't a bigger selloff, given all the bad weekend financial news and the very gloomy economic indicators that came in this morning. Maybe everyone is accounting for tomorrow's Fed action. Not a big enough selloff for me to risk it yet.
 
Just as our time to tansfer TSP funds has expired, the S&P has broken through the 1270 barrier. I hope we haven't missed out on a possible "capitulation day". This system s*cks!:mad:
 
It's not true until has been officially denied.

Looks like we just got another sell signal form Lehman.:D


AFX News Limited
Lehman Brothers denies report DBS halted activity, has strong liquidity position
03.17.08, 7:21 AM ET

LONDON (Thomson Financial) - Lehman Brothers denied reports that the Development Bank of Singapore (DBS) has halted its activity with the bank and stressed that it has a very strong liquidity position, according to Anne Lui, Vice President, Corporate Communication in Asia told Thomson Financial News.
'DBS in fact have been transacting with us,' Lui told Thomson Financial News.
'They continue to deal with us and we are just executed a 20 mln kiwi dlr/trade FX trade with them,' she added.
patrizia.kokot@thomson.com
http://www.forbes.com/markets/feeds/afx/2008/03/17/afx4780147.html
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anidoc said:
Feds moving to ease Fannie, Freddie cap requirement: report
By Sue Chang
Last update: 5:57 p.m. EDT March 17, 2008
SAN FRANCISCO (MarketWatch) -- Federal officials are in the process of putting together a potential deal that could allow Fannie Mae and Freddie Mac to increase their support for the mortgage market by buying and guaranteeing more home loans, the Wall Street Journal reported on its Web site late Monday. The Office of Federal Housing Enterprise Oversight is close to reducing, although not completely eliminating, an excess capital requirement in place at both firms, the newspaper said, citing people familiar with the matter. The current requirement forces the two companies to hold 30% more capital than their normal minimums.
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What a bunch of Wall Street whores.

More bailout for their Wall Street buddies. Trying to save the stock market at all cost. Allowing Fannie and Freddie to buy up more junk and reducing their capital requirements will be great news for the stock market short term. In the long term, when Fannie and Freddie blows up due to too many defaults, the taxpayer gets screwed as usual.
 
anidoc said:
If Bear went bankrupt, all the firm's CDS agreements with hedge funds and other counterparties would have to be unwound, Lerner said.
"Someone who bought CDS from Bear to hedge positions wouldn't be able to reconstruct that hedge again," Lerner said. "Take that situation and multiply it by maybe 100,000 and you get a sense of how ugly it would be."
Indeed, J.P. Morgan was probably a major counterparty to Bear in the market for CDS and other financial products, said John Jay, senior analyst at Aite Group, a financial-services research firm.
"J.P. Morgan has pretty good motivation for getting this deal done," Jay said in an interview. "They're getting businesses that they've wanted all along and will avoid a bankruptcy situation, which may have taken a long time and is usually a complete mess."
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That does not sound good. JPM Chase is my bank.:worried:
 
Well I just went 60% S Fund - 40% C Fund hopefully we see a selloff today up 270 pts right now. Thoughts !!!!!!!!!

I may switch it to more S or 100% S Fund not sure :D
 
Braveheart said:
Question why the F Fund ???
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Yes the F Fund is going to drop today. The Bond market closes at 3:00 PM EST The Fed cuts rates at 2:30 PM EST that leaves less than 30 minutes for the Bond market F Fund to drop so there may be a carry over to tomorrow.

If the market has another good day tomorrow which it should then the F Fund would have another bad day so IMO the best move from the F Fund would be Wednesday since the Market is closed on Friday. Thurday will be a selloff day. Who would keep their money exposed for 3 days. JMO
 
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