350zCommtech's Account Talk

Hey 350,

Does this mean Birch thinks the housing market is in a recession now?

I guess Kudlow must have told him so.:D

And since the stock market was up today, the recession must be over.

Although, if you're one of those people that just got laid off(like my brother), you're in a depression.
 
OMG 350 sorry to hear that. Is your wife still at LNT? I read they might go Chapter 11 and stay in business...the store across from work is still open and hasn't done any layoffs yet.

She is still there but they didn't receive their usual shipment.
 
Anyone know the schedule of the ECB and BOE decisions on rates in the coming weeks? Something seems to be fishy in the financials. If (and a big if) the Fed is a step ahead, they want LIBOR to come down to help the ARMs, right? If UBS and other Euro banks... and our XLF and banking sectors are showing some week technicals, seems like there's some rate cuts coming, most likely in the ECB or BOE, maybe. Good for dollar but will have to wait to see if this really plays out. If so, maybe some UYG if ECB does surprise in the near future.
 
Hank Paulson on CNBC just said no Fed help for AIG.:laugh:


Will AIG survive this week?

Well that explains the most recent drop. AIG was mismanaged and should have been at $130 but they are on my list of scum and everyone has their day.

The Fed has no money left and watch these small banks drop one by one. The FDIC insured for 50 Billion and yet there is over 1 Trillion invested hmm going all cash for a long time. !!!!!!!!!

I cashed out of 2 Banks today and I am now heading out to walk into my bank and ask to close one account. CYA Time for all those reading this. Trust no one !!!
 
Well that explains the most recent drop. AIG was mismanaged and should have been at $130 but they are on my list of scum and everyone has their day.

The Fed has no money left and watch these small banks drop one by one. The FDIC insured for 50 Billion and yet there is over 1 Trillion invested hmm going all cash for a long time. !!!!!!!!!

I cashed out of 2 Banks today and I am now heading out to walk into my bank and ask to close one account. CYA Time for all those reading this. Trust no one !!!

I heard AIG have until Wednesday to raise $40B, or face downgrades.
 
Geez...the market closed today with an almost audible crashing sound. Just shy of a drop of 500 points.

Good to have you back, 350.

EDIT: I take it back. The index looks to have dropped just a little over 500 points.
 
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