-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
mojo's Account Talk
- Thread starter mojo
- Start date
“There’s no A, R or P in TARP,” Davis said, adding that “troubled” is the only word in the phrase that’s accurate. “The ‘asset relief program’ has yet to occur.”
http://www.bizjournals.com/sanfrancisco/stories/2009/02/16/daily40.html
http://www.bizjournals.com/sanfrancisco/stories/2009/02/16/daily40.html
"The Perilous State of Mexico
With drug-fueled violence and corruption escalating sharply, many fear drug cartels have grown too powerful for Mexico to control. Why things are getting worse, and what it means for the United States."
http://online.wsj.com/article/SB123518102536038463.html?mod=article-outset-box
"Mexico has pretty much always been a rough-and-tumble place. In recent years, however, the security environment has deteriorated rapidly, and parts of the country have become incredibly violent. It is now common to see military weaponry such as fragmentation grenades and assault rifles used almost daily in attacks."
http://www.stratfor.com/weekly/20090218_mexico_third_war
With drug-fueled violence and corruption escalating sharply, many fear drug cartels have grown too powerful for Mexico to control. Why things are getting worse, and what it means for the United States."
http://online.wsj.com/article/SB123518102536038463.html?mod=article-outset-box
"Mexico has pretty much always been a rough-and-tumble place. In recent years, however, the security environment has deteriorated rapidly, and parts of the country have become incredibly violent. It is now common to see military weaponry such as fragmentation grenades and assault rifles used almost daily in attacks."
http://www.stratfor.com/weekly/20090218_mexico_third_war
Latvia's Government Is the Latest in Europe to Fail
http://online.wsj.com/article/SB123514459666133921.html
http://online.wsj.com/article/SB123514459666133921.html
World Financial System In A State Of Insolvency
http://theinternationalforecaster.c...rld_Financial_System_In_A_State_Of_Insolvency
"For those of you who missed it the Dow Jones removed all stocks in the industrial average priced under $10.00, effectively eliminating the crippled financial sector"
Is this true?
http://theinternationalforecaster.c...rld_Financial_System_In_A_State_Of_Insolvency
"For those of you who missed it the Dow Jones removed all stocks in the industrial average priced under $10.00, effectively eliminating the crippled financial sector"
Is this true?
hessian
Member
Mojo, you got me going on the question you'ld posted!
Here's maybe more details, reliable source?, that seems to confirm, and goes further... (just wish I knew what it all will mean, -the 1000yd. stare?)
http://blogs.wsj.com/marketbeat/
The Unbalanced Dow Industrials
February 20, 2009, 3:27 pm
Posted by Peter A. McKay
Their gripes are based in simple arithmetic, since the average is weighted according to the nominal price quotes of its 30 components, hand-picked by top editors at Dow Jones & Co., which also publishes the Wall Street Journal.
With five stocks in the Dow trading under $10 – Bank of America, Citigroup, Alcoa, General Motors, and, as of today, General Electric – the average’s detractors say it’s become a skewed indicator of the market. They want the runts replaced for essentially the same reason the editors would never add in an extremely high-priced stock like Berkshire Hathaway, now trading above $76,000 a share, or Google, at $340.
“The committee is just not doing its job by leaving these names in,” said James Bianco, president of Bianco Research in Chicago, which recently sent a note to clients analyzing the impact of low-priced stocks in the Dow. He notes that a simultaneous drop in all five sub-$10 Dow components to zero would only cause the average to fall by less than 200 points. However, a 100% decline in the Dow’s most high-priced component, IBM, would cause a drop of more than 700 points.
Mr. Bianco believes those point moves are out of whack with the relative importance of the two admittedly extreme scenarios. Although a plunge in IBM would be terrible for investors and the broader economy, it would pale in magnitude next to the failure of five of its fellow blue chips.
In the eyes of many investors these days, several of the Dow’s sub-$10 stocks are indeed candidates to go to zero if the government nationalizes them, wiping out private shareholders’ equity. Bank of America and Citigroup are most often cited by traders as candidates for a takeover, though executives and government officials have attempted to dissuade investors from believing that will happen.
BEIJING (AP) - U.S. Secretary of State Hillary Rodham Clinton wants China to continue investing in the United States because the two countries' financial futures are closely tied together. "I certainly do think that the Chinese government and central bank are making a smart decision by continuing to invest in Treasury bonds," she said during an interview Sunday with the popular talk show "One on One.""It's a safe investment. The United States has a well-deserved financial reputation."
http://apnews.myway.com/article/20090222/D96GHOP80.html
http://apnews.myway.com/article/20090222/D96GHOP80.html
"Mojo, you got me going on the question you'ld posted!
Here's maybe more details, reliable source?, that seems to confirm, and goes further... (just wish I knew what it all will mean, -the 1000yd. stare?)"
hessian,
I haven't found any more recent story than the one I posted. If it's true we should know soon I guess.
Here's maybe more details, reliable source?, that seems to confirm, and goes further... (just wish I knew what it all will mean, -the 1000yd. stare?)"
hessian,
I haven't found any more recent story than the one I posted. If it's true we should know soon I guess.
Bank Failures
2000 - 2
2001 - 4
2002 - 10
2003 - 3
2004 - 4
2005 - 0
2006 - 0
2007 - 3
2008 - 25
2009 (only 6 weeks into the year) - 13
http://www.fdic.gov/bank/individual/failed/banklist.html
2000 - 2
2001 - 4
2002 - 10
2003 - 3
2004 - 4
2005 - 0
2006 - 0
2007 - 3
2008 - 25
2009 (only 6 weeks into the year) - 13
http://www.fdic.gov/bank/individual/failed/banklist.html
http://www.globalresearch.ca/index.php?context=va&aid=12265
Bubble Economy 2.0: The Financial Recovery Plan from Hell
"The first question to ask about any Recovery Program is, “Recovery for whom?” The answer given on Tuesday is, “For the people who design the Program and their constituency” – in this case, the bank lobby. The second question is, “Just what is it they want to ‘recover’?” The answer is, the Bubble Economy. For the financial sector it was a golden age. Having enjoyed the Greenspan Bubble that made them so rich, its managers would love to create yet more wealth for themselves by indebting the “real” economy yet further while inflating prices all over again to make new capital "
Bubble Economy 2.0: The Financial Recovery Plan from Hell
"The first question to ask about any Recovery Program is, “Recovery for whom?” The answer given on Tuesday is, “For the people who design the Program and their constituency” – in this case, the bank lobby. The second question is, “Just what is it they want to ‘recover’?” The answer is, the Bubble Economy. For the financial sector it was a golden age. Having enjoyed the Greenspan Bubble that made them so rich, its managers would love to create yet more wealth for themselves by indebting the “real” economy yet further while inflating prices all over again to make new capital "
If You're Bearish: Time Has Run Out For A Rally Edition
The time has run out for a rally on the S&P 500, according to James Flanagan, head of Gann Global Financial. Flanagan uses a historical database of stock and commodity prices to analyze current moves in prices. His knowledge of market history is unsurpassed and he has been superb in calling the decline in all market since 2007.
"If the Stock Market moves higher from here, it will divorce itself from the market geometry of the declines during the Great Depression. As you are aware, I do not expect this to happen although for the sake of America I hope it does," adds Flanagan. "
http://www.contrahour.com/
The time has run out for a rally on the S&P 500, according to James Flanagan, head of Gann Global Financial. Flanagan uses a historical database of stock and commodity prices to analyze current moves in prices. His knowledge of market history is unsurpassed and he has been superb in calling the decline in all market since 2007.
"If the Stock Market moves higher from here, it will divorce itself from the market geometry of the declines during the Great Depression. As you are aware, I do not expect this to happen although for the sake of America I hope it does," adds Flanagan. "
http://www.contrahour.com/
$1000 dollar gold and $14 dollar silver will seem cheap as the year progresses imo, but I'm a complete amatuer in precious metals so my opinion may not be worth much.
Here is an interesting thread on another forum about the theoretical aspects of gold price. The thread was started in 2007 so there is a lot of info in it leading up to todays price. http://goldismoney.info/forums/showthread.php?t=195370
Here is an interesting thread on another forum about the theoretical aspects of gold price. The thread was started in 2007 so there is a lot of info in it leading up to todays price. http://goldismoney.info/forums/showthread.php?t=195370
CDOs Meltdown?
Interesting CDO blog discussion.
http://creditlinkedsecurities.blogspot.com/2008/10/product-pinnacle-7.html
More CDO info
http://www.anotherfp.com/newsite/story2.php?id=140
http://www.bloomberg.com/apps/news?pid=20601103&sid=a1MrBhVi9fmA&refer=us
Interesting CDO blog discussion.
http://creditlinkedsecurities.blogspot.com/2008/10/product-pinnacle-7.html
More CDO info
http://www.anotherfp.com/newsite/story2.php?id=140
http://www.bloomberg.com/apps/news?pid=20601103&sid=a1MrBhVi9fmA&refer=us
This is the article I got the quote from. I don't know if it's accurate or not. Maybe they did it yesterday? The article is dated Feb 21.
http://theinternationalforecaster.c...rld_Financial_System_In_A_State_Of_Insolvency
[FONT=Arial, Times New Roman, sans-serif]"For those of you who missed it the Dow Jones removed all stocks in the industrial average priced under $10.00, effectively eliminating the crippled financial sector. Had they been left in the Dow would be lower and would have broken down below 7286. This is just more flagrant manipulation. Almost every day we see it in a number of markets. This week the Fed and the Treasury tried to push the stock market up and the commodities and gold and silver markets down but to no avail. Downside stock market volume has been some 65% of total volume and there are over 300 new lows almost every day."[/FONT]
http://theinternationalforecaster.c...rld_Financial_System_In_A_State_Of_Insolvency
[FONT=Arial, Times New Roman, sans-serif]"For those of you who missed it the Dow Jones removed all stocks in the industrial average priced under $10.00, effectively eliminating the crippled financial sector. Had they been left in the Dow would be lower and would have broken down below 7286. This is just more flagrant manipulation. Almost every day we see it in a number of markets. This week the Fed and the Treasury tried to push the stock market up and the commodities and gold and silver markets down but to no avail. Downside stock market volume has been some 65% of total volume and there are over 300 new lows almost every day."[/FONT]
budnipper1
Active member
Probably just another rumor, but I found this:
February 20, 2009, 3:27 pm
The Unbalanced Dow Industrials
Posted by Peter A. McKay
As the Dow Jones Industrial Average hits lows not seen since the dot-com bust, Wall Street is getting antsy about its inclusion of low-priced stocks that some traders and analysts believe should be yanked from the 30-stock average.
Their gripes are based in simple arithmetic, since the average is weighted according to the nominal price quotes of its 30 components, hand-picked by top editors at Dow Jones & Co., which also publishes the Wall Street Journal.
With five stocks in the Dow trading under $10 – Bank of America, Citigroup, Alcoa, General Motors, and, as of today, General Electric – the average’s detractors say it’s become a skewed indicator of the market. They want the runts replaced for essentially the same reason the editors would never add in an extremely high-priced stock like Berkshire Hathaway, now trading above $76,000 a share, or Google, at $340.
“The committee is just not doing its job by leaving these names in,” said James Bianco, president of Bianco Research in Chicago, which recently sent a note to clients analyzing the impact of low-priced stocks in the Dow. He notes that a simultaneous drop in all five sub-$10 Dow components to zero would only cause the average to fall by less than 200 points. However, a 100% decline in the Dow’s most high-priced component, IBM, would cause a drop of more than 700 points.
Mr. Bianco believes those point moves are out of whack with the relative importance of the two admittedly extreme scenarios. Although a plunge in IBM would be terrible for investors and the broader economy, it would pale in magnitude next to the failure of five of its fellow blue chips.
In the eyes of many investors these days, several of the Dow’s sub-$10 stocks are indeed candidates to go to zero if the government nationalizes them, wiping out private shareholders’ equity. Bank of America and Citigroup are most often cited by traders as candidates for a takeover, though executives and government officials have attempted to dissuade investors from believing that will happen.
Roger Volz, a trader at Hampton Securities who uses a chart-based, or technical, strategy in his daily trading, said he’s having a much more difficult time lately spotting reliable signals upon which to base trading decisions in Dow futures and similar products linked to the average. “I have a vendetta with the Dow right now,” he said.
But John Prestbo, editor and executive director of Dow Jones Indexes, defended the continued inclusion of the low-priced names, saying their struggles are representative of the problems in the U.S. economy, which has been in recession for more than a year.
“We are trying to measure the market in a clear, understandable way,” he said. “People have to remember, we are running an index, not a portfolio,” which would require a greater emphasis on picking names likely to rise.
Dow Jones Indexes removed American International Group from the industrial average last fall after it received bailout funds that amounted to a de facto nationalization. Mr. Prestbo said the index committee is ready to remove other names quickly if a similar scenario comes to pass, but the committee won’t make moves in anticipation of any government takeovers.
http://blogs.wsj.com/marketbeat/2009/02/20/the-unbalanced-dow-industrials/
February 20, 2009, 3:27 pm
The Unbalanced Dow Industrials
Posted by Peter A. McKay
As the Dow Jones Industrial Average hits lows not seen since the dot-com bust, Wall Street is getting antsy about its inclusion of low-priced stocks that some traders and analysts believe should be yanked from the 30-stock average.
Their gripes are based in simple arithmetic, since the average is weighted according to the nominal price quotes of its 30 components, hand-picked by top editors at Dow Jones & Co., which also publishes the Wall Street Journal.
With five stocks in the Dow trading under $10 – Bank of America, Citigroup, Alcoa, General Motors, and, as of today, General Electric – the average’s detractors say it’s become a skewed indicator of the market. They want the runts replaced for essentially the same reason the editors would never add in an extremely high-priced stock like Berkshire Hathaway, now trading above $76,000 a share, or Google, at $340.
“The committee is just not doing its job by leaving these names in,” said James Bianco, president of Bianco Research in Chicago, which recently sent a note to clients analyzing the impact of low-priced stocks in the Dow. He notes that a simultaneous drop in all five sub-$10 Dow components to zero would only cause the average to fall by less than 200 points. However, a 100% decline in the Dow’s most high-priced component, IBM, would cause a drop of more than 700 points.
Mr. Bianco believes those point moves are out of whack with the relative importance of the two admittedly extreme scenarios. Although a plunge in IBM would be terrible for investors and the broader economy, it would pale in magnitude next to the failure of five of its fellow blue chips.
In the eyes of many investors these days, several of the Dow’s sub-$10 stocks are indeed candidates to go to zero if the government nationalizes them, wiping out private shareholders’ equity. Bank of America and Citigroup are most often cited by traders as candidates for a takeover, though executives and government officials have attempted to dissuade investors from believing that will happen.
Roger Volz, a trader at Hampton Securities who uses a chart-based, or technical, strategy in his daily trading, said he’s having a much more difficult time lately spotting reliable signals upon which to base trading decisions in Dow futures and similar products linked to the average. “I have a vendetta with the Dow right now,” he said.
But John Prestbo, editor and executive director of Dow Jones Indexes, defended the continued inclusion of the low-priced names, saying their struggles are representative of the problems in the U.S. economy, which has been in recession for more than a year.
“We are trying to measure the market in a clear, understandable way,” he said. “People have to remember, we are running an index, not a portfolio,” which would require a greater emphasis on picking names likely to rise.
Dow Jones Indexes removed American International Group from the industrial average last fall after it received bailout funds that amounted to a de facto nationalization. Mr. Prestbo said the index committee is ready to remove other names quickly if a similar scenario comes to pass, but the committee won’t make moves in anticipation of any government takeovers.
http://blogs.wsj.com/marketbeat/2009/02/20/the-unbalanced-dow-industrials/
budnipper1
Active member
Absolutely NOTHING surprises me anymore since BHO took the reigns. Changing the Dow seems like pocket change compared to threats of nationalizing banks and government take over of the health care system.
Just curious. Wonder how many here own shares of Berkshire Hathaway, @ $76k a share?
(I don't) 
I'd like to hear Warren's opinion about some of this crap.
View attachment 5856
Just curious. Wonder how many here own shares of Berkshire Hathaway, @ $76k a share?
(I don't) I'd like to hear Warren's opinion about some of this crap.View attachment 5856
Last edited:
