Corepuncher's Account Talk

[Steadygain]

Updated Tracker COB 9/11/08
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2008 YTD Return: +10.04%
Today: +0.01%
Current Allocation: 100G
Tentative Next Move: Enjoy earning money every day in G. Watch and see if Q3 earnings sink the market further.
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CP, I could care less what you're AutoTracker ranking is
- BUT 10% +GAIN is absolutely amazing.

As for the comment about making money in G every day, I thought about showing how much I saved (or gained) by going to G Fund later on - when I'll have a lot more to show.

 

[Corepuncher]

CP, I could care less what you're AutoTracker ranking is
- BUT 10% +GAIN is absolutely amazing.

Initially I was excited to rise quickly towards the top, so I put my ranking on the tracker. But now that I'm up there I just want to focus on helping EVERYONE make good moves and increase their retirement.

 

[Steadygain]

Initially I was excited to rise quickly towards the top, so I put my ranking on the tracker. But now that I'm up there I just want to focus on helping EVERYONE make good moves and increase their retirement.

That's wonderful man and a GREAT way to earn everyone's respect.

Have a good weekend !! and God Bless.

 

[Birchtree]

Corepuncher has 13 more days on the lilly pad - that is not a very enviable position to be in if the 9 month low was set in July - the first quadrant up out of that low has the potential to be very explosive. I just wish I could be bearish but it's not in my jeans.

 

[ATCJeff]

Corepuncher has 13 more days on the lilly pad - that is not a very enviable position to be in if the 9 month low was set in July - the first quadrant up out of that low has the potential to be very explosive. I just wish I could be bearish but it's not in my jeans.

The Gee is the place to be on Monday. If the Lehman deal falls through, which is highly likely, watchout!

 

[airlift]

Your knowledgeable and excellent disposition is appreciated by all! Thank you.

Initially I was excited to rise quickly towards the top, so I put my ranking on the tracker. But now that I'm up there I just want to focus on helping EVERYONE make good moves and increase their retirement.

 

[poolman]

Initially I was excited to rise quickly towards the top, so I put my ranking on the tracker. But now that I'm up there I just want to focus on helping EVERYONE make good moves and increase their retirement.

We all know your a Good Guy Core. Your one of the Rocks..

 

[Corepuncher]

Some financials reporting next week. Discover first on Monday. I can see it now "higher than expected credit card defaults".

And by the way, these government "bailouts" MAKE ME SICK! I can't believe how we are all being ripped off.

Updated Tracker COB 9/12/08
----------------------------------------------------------------------
2008 YTD Return: +10.05%
Today: +0.01%
Current Allocation: 100G
Tentative Next Move: Enjoy earning money every day in G. Watch and see if Q3 earnings sink the market further.
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[Braveheart]

Some financials reporting next week. Discover first on Monday. I can see it now "higher than expected credit card defaults".

And by the way, these government "bailouts" MAKE ME SICK! I can't believe how we are all being ripped off.

Updated Tracker COB 9/12/08
----------------------------------------------------------------------
2008 YTD Return: +10.05%
Today: +0.01%
Current Allocation: 100G
Tentative Next Move: Enjoy earning money every day in G. Watch and see if Q3 earnings sink the market further.
----------------------------------------------------------------------

LEH will file Bankruptcy Monday if no deal by tomorrow.

http://online.wsj.com/article/SB122134089502132567.html?mod=hpp_us_whats_news

Lehman has hired law firm Weil, Gotshal & Manges LLP to prepare a potential bankruptcy filing, according to a person familiar with the situation. The New York-based Weil has a leading bankruptcy practice and advised Drexel Burnham Lambert on its 1990 bankruptcy filing.
In a Lehman bankruptcy, the firm's brokerage units would have to enter a Chapter 7 liquidation, in which a court-appointed trustee would take over, liquidate the firm's assets and get Lehman customers back their money. In general, securities that a customer holds at a brokerage firm are legally the investor's property and aren't exposed to the claims of the firm's creditors.
In trying to hold firm to their no-bailout stance even while pressing for a deal, federal officials could try to pit Bank of America and Barclays against each other. But that leverage can work only if both banks stay in the discussions.
Bank of America and Barclays know each other very well, having considered a merger several years ago. More recently, Bank of America agreed to pay $21 billion for ABN Amro Holding NV's LaSalle Bank of Chicago in 2007. That deal came at a time when Barclays was trying to buy ABN and fend off a European consortium bid. Bank of America's purchase was seen at the time as helping that Barclays bid, which ultimately failed.

 

[KevinD]

And by the way, these government "bailouts" MAKE ME SICK! I can't believe how we are all being ripped off.

So who do we complain to. The 2 senators from our state? The multitude of Congressmen from our state?

I've only written to my 2 Senators one other time and never to any Congressmen...

 

[ATCJeff]

The Gee is the place to be on Monday. If the Lehman deal falls through, which is highly likely, watchout!

Here we go.....

 

[JTH]

The Gee is the place to be on Monday. If the Lehman deal falls through, which is highly likely, watchout!

Faux News just announced the deal fell through.

Time to bring on the pain this Monday...

 

[Corepuncher]

Faux News just announced the deal fell through.

Time to bring on the pain this Monday...

Sounds like Barclays walked out but Bank of America still in there.

 

[alevin]

thing is, I am unclear which would get hurt more right now, bonds or stocks. Both?

 

[Corepuncher]

Lehman is toast.

However, there is a rumor that Merrill may be bought out by Bank of America...most likely 25-30 dollars per share.

So, perhaps ya'll might want to buy some MER soon before the price goes up! Birch??

S&P futures down 36.:blink:

I wonder how the market will react if there is Lehman bankruptcy AND Merrill Lynch takeover the same day? Perhaps they will counter a bit...but I imagine it will still be biased to the downside.

One thing is for sure...Lehman going out is bad. Even worse, the fact that Bank of Americal and Barclays looked at thier books and did not like what they saw. If we were anywhere near a housing bottom, don't you think those two firms would have pounced on this Lehman deal?? Obviously, the future is not bright.

 

[Corepuncher]

I'm hungry!

 

[Corepuncher]

Meredith Whitney is saying this Lehman bankruptcy is going to exacerbate the problem, since they have to liquidate all their assets. The markets will go down significantly since all of a sudden there will be more shares out there. This, in turn, will cause the value on other institution's books to GO LOWER, and thus the credit spiral continues.

She also says she is surprised the equity market is doing so "well" today.

She also said Citi and Wachovia are WAY underestimating how far house prices will fall. They will thus have to play "catch up" with write downs. This is not ending anytime soon.

"Go long and be wrong"

 

[Birchtree]

Meredith is happily married to a pro wrestler - what does that tell you?

 

[Gumby]

I'm hungry!

Feed the bear! New 52 week low for S&P 500. Heavy selling pressure near the close.

 

[Corepuncher]

Meredith is happily married to a pro wrestler - what does that tell you?

It tells me she is not a lesbian.

She's been right and anyone who has listened to her has made money.