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It's been a wild ride already, and the market just opened. Futures had been pointing lower, then bounded higher after a CPI report, which has been described as "bizarre" and even "absurd," showed no inflation last month. Futures rocketed still higher right after the Bear Stearns loan news emerged. When the market opened, stocks initially jumped then pulled back as investors digested the Bear news.

http://www.cnbc.com/id/23627418

WW comment: the Bear Stearns news was issued before the market opened.
 
Carlyle fails to save $22bn CCC fund

By Martin Arnold in Geneva and Henny Sender in Dubai Financial Times
Published: March 13 2008 07:44 | Last updated: March 14 2008 08:17

David Rubenstein, co-founder of the Carlyle Group, on Thursday pledged to compensate investors hit by the collapse of a $22bn mortgage-backed securities fund his private equity group floated seven months ago....
Shares in CCC, which plunged 87.5 per cent on Thursday to $0.35, opened up 14 per cent on Friday. They listed in Amsterdam at $19 in July last year......
The fund, which had $31 of debt for every $1 of its own, had hoped to use its massive borrowings to generate higher returns from investments in highly rated mortgage securities. Its strategy was undone by the turmoil in the mortgage markets, dealing a heavy blow to the reputation of Carlyle, one of the world’s biggest private equity groups, and raising questions about whether it became too diversified......
http://www.ft.com/cms/s/0/66b143c4-f0cf-11dc-a91a-0000779fd2ac.html
 
Do you think the Fed will pull another liquidity rabbit out of it's hat, and annouce another $200 billion in cash givewaways to Bear Stearns and Carlyle today?

By the way- where do you think that money that the Fed puts out there as carrots is going to come from?

Hey- anybody here work for the Bureau of Engraving and Printing? http://www.moneyfactory.gov/

Are the paper money presses working on overtime right now?

Since they don't report M-3 money supply any more, it's a simple matter to print up a whole bunch of those bank-notes and just toss them into circulation.

I gotta believe that we are about to tank, big time.
 
Wow.

Watch it tumble.

I'm in shock at the descent angle. Even I was not expecting that!


What happened?
 
James48843 said:
Wow.

Watch it tumble.

I'm in shock at the descent angle. Even I was not expecting that!


What happened?
Click to expand...

I can see the headlines now.....Government Takes steps to bail out BSC....details at 1:00PM EST. :blink: After all.....with all those great numbers the government pulled out of somewhere this morning.....how could we go wrong. The economy is so rosey right now.....doesn't everyone realize that this morning.:laugh:
 
BRIEFING.COM] The major indices quickly drop into the red. Financials (-4.7%) are leading the way lower as traders respond negatively to the Bear Stearns (BSC 30.00, -27.00) financing news. Bear is down 47% and is trading at its lowest level since 1998.
All ten of the major indices are trading lower are trading with a loss of more than 1%.
Just hitting the wires, the University of Michigan Consumer Confidence reading came in at 70.5, which was slightly higher than the expected reading of 69.5. It's the lowest reading since the early 1990s.
 
Silverbird said:
Carlyle fails to save $22bn CCC fund

By Martin Arnold in Geneva and Henny Sender in Dubai Financial Times
Published: March 13 2008 07:44 | Last updated: March 14 2008 08:17

David Rubenstein, co-founder of the Carlyle Group, on Thursday pledged to compensate investors hit by the collapse of a $22bn mortgage-backed securities fund his private equity group floated seven months ago....
Shares in CCC, which plunged 87.5 per cent on Thursday to $0.35, opened up 14 per cent on Friday. They listed in Amsterdam at $19 in July last year......
The fund, which had $31 of debt for every $1 of its own, had hoped to use its massive borrowings to generate higher returns from investments in highly rated mortgage securities. Its strategy was undone by the turmoil in the mortgage markets, dealing a heavy blow to the reputation of Carlyle, one of the world’s biggest private equity groups, and raising questions about whether it became too diversified......
http://www.ft.com/cms/s/0/66b143c4-f0cf-11dc-a91a-0000779fd2ac.html
Click to expand...


If you google " Carlyle group, fraud ", you'll be simply amazed at what you find.

And you wonder why the Fed would hand billions over to these people?
 
weatherweenie said:
NEW YORK (AP) -- The federal government and JPMorgan Chase & Co. teamed up on a bailout of Bear Stearns Cos. on Friday, a last-ditch move to save the investment bank, which acknowledged its dire financial straits after a week of firm denials.

http://biz.yahoo.com/ap/080314/bear_stearns.html
Click to expand...

So let me get this right-

JPMorgan is going to bail out Bear Stearns.

The same Bear Stearns who, just two days ago, said liquidity problems were rubbish, we're fine.

" Company executives had denied liquidity problems Monday, saying yesterday “there is absolutely no truth to the rumors of liquidity problems that circulated today in the market.”
The situation clearly changed by this morning, or at least, the company owned up to what it could not deny any further. In a statement chief executive Alan Schwartz said: “We have tried to confront and dispel these rumors and parse fact from fiction. Nevertheless, amidst this market chatter, our liquidity position in the last 24 hours had significantly deteriorated.”

So, tell me, who then is going to bail out JPMorgan?
 
weatherweenie said:
NEW YORK (AP) -- The federal government and JPMorgan Chase & Co. teamed up on a bailout of Bear Stearns Cos. on Friday, a last-ditch move to save the investment bank, which acknowledged its dire financial straits after a week of firm denials.

http://biz.yahoo.com/ap/080314/bear_stearns.html
Click to expand...


The FED pulls another MAJIC carrot out of its ASS!
How much is that going to cost us? Let's just call the new policy.....
Steal from the middle class and give to the rich.....after all how can the rich afford $4500/hr hookers if the market collapses. And now repeat after me....there is NO INFLATION. :mad:
 
From briefing.com: The Federal Reserve issued a press release that stated it is "monitoring market developments closely and will continue to provide liquidity as needed."

They need to stop worry about the markets and start worrying about the dollar. Gas here is now $3.25 a gallon. I budget $100 a week for it and use 30 gallons. Do the math. :nuts:
 
Quick- does anybody have a link to how much volume there is today?

That will be key in my deciding what I am going to do- I can't seem to find volume figures for today compared to yesteday or the day before.
 
Dang.

the volume is not showing any real healthy move today. It's pretty much on par with normal days. That makes the decision that much harder.

Thanks everyone. Still not sure. Maybe I need to flip a coin today. :-)
 
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