nnuut's Account Talk

[nnuut]

Hey BIG jump today, surprise surprise!!! Is this the bottom, or another HEADFAKE like the rest of them? PPI mañana, please S or get off the P, I''m waiting here!!!!!!:nuts: :nuts:

 

[Steadygain]

please S or get off the P

Thanks for the good laugh. :nuts::laugh:

See ya tomorrow.

 

[nnuut]

Still waiting here!

 

[Birchtree]

I think we have bottomed but it's a well kept secret - to keep the bears off their game. The biggest surprise for the majority would be for a day to day advance in the face of all the gloom and doom. The investors that can take the pain will ultimately triumph especially absorbing the wanton low prices - don't you want things to get worse. Keep'em all on the lilly pad.

 

[nnuut]

I hear you!

 

[nnuut]

SHADOWTRADER WEEKLY:
http://www.redoption.com/shadow_video.php

 

[nnuut]

Lehman: insolvency looms

• Robert Peston
• 14 Sep 08, 08:07 PM

Preparations have been made for Lehman Brothers, the substantial US investment bank, to obtain protection from its creditors under US Chapter 11 insolvency procedures.
I have also learned that PWC, the leading accountancy firm, has been lined up to run the UK operations of Lehman in the event that it is put into administration under our insolvency arrangements.
The preparations for insolvency protection have been made because the US authorities have become gloomy that Lehman can be rescued.
"The only thing that can prevent Lehman collapsing would be a huge injection of taxpayers' money" said a banker close to the rescue negotiation. "Hank Paulson [the US Treasury Secretary] has made it clear he doesn't want to do that."
If Lehman is put into Chapter 11 tonight, the impact on global markets tomorrow could be very significant.
The withdrawal of Barclays from negotiations to buy most of Lehman - which I reported earlier - left only Bank of America as a potential rescuer.
And Bank of America is - according to bankers - not persuaded that acquiring Lehman is in the iterests of its owners.
The stumbling block is that no bank or other financial institution wishes to take on Lehman's massive liabilities without some kind of protection or guarantees from the US government.
But the US Treasury is reluctant to commit taxpayers' cash to a bailout of Lehman.
It believes that the markets can cope with the shock of Lehman's collapse - though this is disputed by senior bankers.
If Lehman collapses, this would mark a dramatic change in approach to coping with the credit crunch by the US government and the US central bank, the Federal Reserve.
They committed taxpayers' cash to rescuing Fannie Mae, Freddie Mac and Bear Stearns when they ran into serious difficulties. But Hank Paulson has apparently decided that enough is enough, and that taxpayers' cash should not be committed on this occasion.
However, whether he will continue to hold his nerve and will continue to sit on his hands as the deadline for Lehman to be put into Chapter 11 approaches, we shall see.
UPDATE 10.45pm
Sometime before midnight US time, Lehman is expected to file for Chapter 11 and go into administration over here.
I have been told that its executives are seeing the New York Fed right now to investigate whether it can borrow several billion dollars so that it can go into an orderly liquidation as an alternative to formal insolvency.
But Lehman executives do not expect the Fed to give them the funding that would be required, so they assume their business will formally collapse.
The implications will be huge. If the new controllers of the business in insolvency feel obliged to sell assets, that could do severe damage to other banks, because there would be a sharp fall in the market value of those assets.
In the round, the collapse of Lehman would knock bankers' already enfeebled confidence. They will become even more reluctant to lend to most of us. The credit crunch would take a turn for the worse.
Even in terms of the impact on unemployment, the damage will be considerable - in that Lehman employs around 25,000 worldwide, including 5000 in the UK.
I am hearing that the US Treasury and the Fed hope however that the contagion to other banks shouldn't be too appalling - in that Bank of America appears to be close to buying the next most vulnerable investment bank, Merrill Lynch
In respect of shocks to Wall Street, there hasn't been a weekend like it for something like 80 years.
Lehman: Barclays walks More
http://www.bbc.co.uk/blogs/thereporters/robertpeston/

 

[nnuut]

50% "G" 50%"F" COB today!

 

[nnuut]

BOOGA BOOGA, this is scary!!

 

[nnuut]

As you can see I don't think this is over by a long shot! May get a little bouncy in the morning, but when the CPI comes out (how can it be good?) Then the FED at 14:15, many are expecting a -.25% of the interest rate, Might be but I'm not counting on that one!! Goldman is a big one tomorrow, I think they might cook the books to support the MARKET, but that won't hold. How about Options Expirations week?? How about Gas prices, Dollar falling and all the rest of it? We do need CAPITULATION!!!

 

[FogSailing]

Capitulation... well sure seems to be happening now Nnut..the market has been making the headfakes that move us up, but today is a sign of what's really happening..we've all been expecting it and it happened..the question is how far down will we go...I actually heard an analyst saying we're headed below 10000...I hope not but who knows..

By the way, that was a great Bear picture CP posted on his thread today..I think I've decided I like Bulls better...

FS

 

[justbizness45]

As you can see I don't think this is over by a long shot! May get a little bouncy in the morning, but when the CPI comes out (how can it be good?) Then the FED at 14:15, many are expecting a -.25% of the interest rate, Might be but I'm not counting on that one!! Goldman is a big one tomorrow, I think they might cook the books to support the MARKET, but that won't hold. How about Options Expirations week?? How about Gas prices, Dollar falling and all the rest of it? We do need CAPITULATION!!! View attachment 4687

We need capitulation, just not this month to the bottom. I don't have any IFTs until October.........

 

[nnuut]

Capitulation... well sure seems to be happening now Nnut..the market has been making the headfakes that move us up, but today is a sign of what's really happening..we've all been expecting it and it happened..the question is how far down will we go...I actually heard an analyst saying we're headed below 10000...I hope not but who knows..

By the way, that was a great Bear picture CP posted on his thread today..I think I've decided I like Bulls better...

FS

Bulls ---- Bears? I think they both can KILL YOU!!:worried:

View attachment 4690

 

[nnuut]

Dear Ben: Leave rates alone!

A rate cut is looking increasingly likely but instead of solving the credit crunch, lower rates will only punish savers, hurt the dollar and possibly bring back inflation fears.

By Paul R. La Monica, CNNMoney.com editor at large
Last Updated: September 16, 2008: 11:29 AM EDT

Crisis on the Street

Traders bet on Fed cut



NEW YORK (CNNMoney.com) -- Mr. Bernanke, while this is without doubt an unprecedented time in the history of Wall Street, please resist the urge from jittery Wall Street types to cut rates again later today.
Yes, with Lehman Brothers (LEH, Fortune 500) filing for bankruptcy and Washington Mutual (WM, Fortune 500) and AIG (AIG, Fortune 500) both teetering on the edge of collapse, the Federal Reserve must try to restore confidence in the nation's fragile financial system.
But a rate cut won't help other than to maybe give a fleeting psychological boost to short-term traders.
Instead, lowering interest rates would just further punish savers (there are some of us out there!), responsible individuals who have shown more fiscal responsibility than any of the big Wall Street financial firms.
Talkback: Should the Fed cut rates again?
With the federal funds now rate at 2%, down from 5.25% a year ago, people who have been saving or trying to live off of fixed incomes tied to what, in theory, should be high-yield accounts, are paying the price.
The average money market account yields just 2.4% while a 1-year CD has a yield of only 3.69%. Inflation, meanwhile, is running at 5.4%.
With the dollar rallying in recent weeks and oil prices plummeting nearly $50 a barrel from their record high in July, it's tempting to say inflation is dead.
However, a rate cut could spark a new sell-off in the dollar unless the Fed is able to convince other foreign central banks to also lower rates. If the gap between U.S. interest rates and European rates widen any further, that is not good news for the greenback. [more]
http://money.cnn.com/2008/09/16/markets/thebuzz/index.htm?postversion=2008091611

 

[fabijo]

It's all part of the master plan. Every crisis has led to major government reform, more government power, less sovereignty. Soon the world will be begging for one giant government to manage their lives.

 

[nnuut]

It's all part of the master plan. Every crisis has led to major government reform, more government power, less sovereignty. Soon the world will be begging for one giant government to manage their lives.

That's what our friend Obama wants a more socialistic state! As far as I'm concerned the poasses can take care of themselves and leave my money alone!!

 

[Scout333]

As you can see I don't think this is over by a long shot! May get a little bouncy in the morning, but when the CPI comes out (how can it be good?) Then the FED at 14:15, many are expecting a -.25% of the interest rate, Might be but I'm not counting on that one!! Goldman is a big one tomorrow, I think they might cook the books to support the MARKET, but that won't hold. How about Options Expirations week?? How about Gas prices, Dollar falling and all the rest of it? We do need CAPITULATION!!! View attachment 4687

Hello Guys and Gals, Capitulation is near! Just a personal note, I stopped by Hardees this morning to get a biscuit and spoke to a janitor sweeping the parking lot. He remarked, "Whew, what about that market!" Believe we're getting close.

 

[nnuut]

Don't you just LOVE it?

Learning to love this bear market

Stock sell-offs are a reminder of just how risky investing can be. But that's a good thing.

By Larry Swedroe, Money Magazine contributing writer
September 17, 2008: 4:38 AM EDT

Larry Swedroe is a principal and director of research for Buckingham Asset Management, a fee-only investment adviser in St. Louis. He is also the author of "Wise Investing Made Simple."

(Money Magazine) -- With U.S. equities down 24% and foreign shares off 33% from their October peak, you probably think Wall Street is broken. It's not. In fact, dramatic downturns are actually a sign the market is working. Let me explain.
The way I see it, bear markets are like taxes. They're painful and inevitable, but ultimately they're a necessary evil. Just as we all have to pay taxes for a functioning government, investors must suffer occasional losses if they strive to build long-term wealth.
That's because bear markets are a reminder of one of the most important concepts in investing: the relationship between the risk you take and your expected returns.
No risk, no reward
You know, for instance, that in the long run owning stocks is highly likely to be more rewarding than putting your money into ultrasafe one-month Treasury bills. But you also know that equities don't outperform T-bills every year. Losses, in fact, are quite common.
In 23 of the 82 years from 1926 through 2007, the S&P 500 posted negative returns. And often these drops can be severe: Between March 2000 and October 2002, equities shed more than 49% of their value. [more]
http://money.cnn.com/2008/09/15/pf/love_bears.moneymag/index.htm?postversion=2008091704

 

[fabijo]

Hello Guys and Gals, Capitulation is near! Just a personal note, I stopped by Hardees this morning to get a biscuit and spoke to a janitor sweeping the parking lot. He remarked, "Whew, what about that market!" Believe we're getting close.

Maybe he was a hedge fund manager! :laugh:

 

[nnuut]

Maybe he was a hedge fund manager! :laugh:

:laugh::laugh: