fabijo's account talk

Yeah. That's right. Keep falling down. Goooood. Thank you, stock market. Keep falling down. Let's see 800 by December, please.
 
Yup. Why not? :D

We may destroy ourselves tomorrow by creating microscopic black holes! I wonder what it feels like to stretch through the event horizon.
 
Another doomsday email:

Dear Subscriber,

We warned you this was going to happen. Now it’s here: Lehman Brothers’ shares are crashing.

The stock closed at 16.20 on Friday. As we write this alert, it’s trading at $9.80, signaling a major new collapse could be on the immediate horizon. If we’re right, this debacle is going to be several times worse than the Bear Stearns disaster of last March.

In a last act of desperation, cash-strapped Lehman was in meetings with the state-owned Korea Development Bank trying to sell its profitable Neuberger asset management unit. But those meetings have now broken down. Its last hope for survival seems to be down the tubes.

But Lehman isn’t alone ...

Washington Mutual to its CEO: “Pack up your desk. You’re FIRED!” Kerry Killinger, the CEO responsible for nearly bankrupting the bank was canned yesterday. At almost the same time, WaMu took the first step towards failure, filing a memorandum of understanding with the U.S. Office of Thrift Supervision.

Unsurprisingly, Washington Mutual stock plunged, bringing its total losses for the year to 70% of its market value.

Wachovia admits to bigger woes in its $122 billion options ARMs portfolio. In a shocking revelation, Wachovia announced that 23,600 of its loans are going bad, and a whopping two-thirds of borrowers with options ARMs are opting not to pay the interest and principal due each month.

To survive, lenders are rejecting loan applications
like there’s no tomorrow — and killing sales
at thousands of companies nationwide

In response to the hammering they’re taking, U.S. banks are raising interest rates, pulling credit lines, and slashing credit limits for even well-heeled credit card customers.

As a result, borrowing by U.S. consumers is falling off a cliff. The rate of credit growth in America just cratered 92% in a single month — from 6.1% in June to a mere .5% in July.

A major problem area: Auto loans. The number of new auto loans granted to consumers cratered 17% in the second quarter. CapitalOne lost $150 million on auto loan defaults in the last quarter alone. Sovereign Bancorp and HSBC have closed their auto lending operations altogether.

Now, with auto sales at their lowest levels since 1992 — 16 long years ago — GM, Ford and Chrysler have gone to Congress, hats in hand, begging for $50 billion to survive this crisis.

That’s more than 33 times the $1.5 billion Washington spent to bail out Chrysler in the 1970s.

Meanwhile, the credit drought is also causing earnings to dry up in other industries that rely on credit cards, revolving charges and standard loans to finance customers’ purchases.

The airlines and the entire travel industry is bleeding. Home improvement, furniture and appliance retailers are being squeezed without mercy. High-end department stores, electronics retailers — and every company that manufactures, transports and wholesales these products — are watching sales and profits evaporate.

Put simply, the plague of financial disasters we’ve seen so far is now becoming a pandemic — infecting sector after sector, company after company.

It’s setting many of Wall Street’s most widely held stocks up for the same kinds of massive losses that, until now, have been limited to financial stocks.

Our analysis: The next phase of this great credit contagion is now upon us. It is absolutely crucial that you take action now to protect yourself. And my team and I are ready to help ...
 
I think there is a lot of truth to your last post and we finally reached a point where we can't "sugarcoat it" anymore.
 
Steady,

You are starting to remind me of the Z man several months ago when he was so down on ABK at $0.83, yesterday it spiked in the am to $9.50. Watch the tide of fresh money roll in - it'll be like sitting on the dock of the bay. The best prices are when the sky is the darkest - I'm speaking from experience now. This correction ain't nothing compared to some recent past events - and it too shall pass into history. The McCain revolution will energize the economy and the Navy and Air Force will go to work on Iran and squeeze those turbans right off their heads. Oh peace will be glorious.
 
Steady,

You are starting to remind me of the Z man several months ago when he was so down on ABK at $0.83, yesterday it spiked in the am to $9.50. Watch the tide of fresh money roll in - it'll be like sitting on the dock of the bay. The best prices are when the sky is the darkest - I'm speaking from experience now. This correction ain't nothing compared to some recent past events - and it too shall pass into history. The McCain revolution will energize the economy and the Navy and Air Force will go to work on Iran and squeeze those turbans right off their heads. Oh peace will be glorious.

I'm exhausted Birch, my brother and friend.

You are definately a ROCK - strong and unmovable.

Thank you my friend, I'm finally heading home - have a good one.
 
:laugh: I'm loving all this doomsday stuff. Tomorrow's ALICE experiment has people afraid that we'll accidentally create a black hole to suck in the earth. Here's a computer simulation:

 
You are definately a ROCK - strong and unmovable.


Copyofbannana.gif
 
[quote:laugh: I'm loving all this doomsday stuff. Tomorrow's ALICE experiment has people afraid that we'll accidentally create a black hole to suck in the earth. Here's a computer simulation:quote]

At least it will take care of the French 1st!:notrust:ugly.gif
 
:laugh: LOL at nnuut and FogSailing

An update. I just read that CERN estimates they'll create about 1 micro black hole every second. Some scientist calculates that it could take 50 months to 50 years for those micro black holes to accumulate enough to collapse the planet.

Did I hear 50 months? Why that is close enough to give us December 2012 as our end. How handy.:eek:
 
I don't think it blew us up yet. The first image from the ATLAS detector:

200809101030_atlas.jpg


??? :confused:What in the world does that even mean:confused:???
 
I'm reading the updates, and I guess it could sound like potential danger is looming if your mind tends to wander that way. They're talking about a few magnets are getting hotter than usual... These guys are dealing with atomic power, smashing ions together and trying to create heat over 100,000 times the temperature of the core of the sun, so they have serious cooling efforts under way to keep the surrounding elements something like -272 Celcius.

Things this morning have worked much quicker than they expected, so they are very excited and going on with tests that they didn't think they'd get to until tomorrow. What happens when a bunch of scientists controlling enormous amounts of power get very enthusiastic and want to run more tests and completely forget about sleep? If you thought the Challenger accident was bad... :(

Here are the live updates that have been getting posted since this morning:

1132am (BST) FROM Andrew Caspari, Radio 4, in central control room

They have just lost some cryogenics which keep the tunnel cold so we can relax for a moment. Remember it is colder than outer space down there. The delay will be a minimum of 15 minutes .

...

1138am Roland Pease, BBC Radio Science, in central control room

The experimental area of the CMS like all the LHC 100 metres underground is locked off for safety reasons. We have just been down to the neighbouring service caves with technicians who have needed to correct some last minute wiring. They are all happy now and waiting for the next beam shots .

...

1155am (BST) FROM Andrew Caspari, Radio 4, in central control room

One of the screens here that is almost entirely green has got a few spots of red on it. That means a few magnets are a bit warmer than they should be. :blink: Operations manager Paul Collier says it is not a big worry but will delay the anticlockwise beam by about 45 minutes.


...


1200pm (BST) FROM Andrew Caspari, Radio 4, in central control room

It appears they had the problem with the cryogenics at 4 this morning but it came right in time. It could have been very different as the head of acceleration points out you really don't know what is going to happen.


updates are available here: http://www.bbc.co.uk/radio4/bigbang/
 
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