Pschiffdicpal's Account Talk

[Pschiffdicpal]

my out look

I’m feeling the trend to some thing with in the banking biz taking some kind of negative turn, BANK HOLIDAY??? With congress wanting to audit the fed a need to create a situation that would slow or stop this thing is needed. Next round of earnings in oct/nov out look of holiday sales cant be good??? Who’s got money? Not to be a grinch..... I remember a Christmas in 1970...... I got socks from my Aunt, it was a rough year for my Mom and Dad. For gifts it will be what someone needs not what they want.

It will be interesting to see how much the GOV steps in to cover the short term drop, I want to make some money on the dip. The air will be slowly removed, just has the after the last earning report season.:suspicious:

 

[Pschiffdicpal]

I'm at the lilly pad

my it’s made quite the comeback....PPT didn’t waste any time to cover, still squeezing the shorts or scaring the ones on the sideline to stay out...is the volume of this comeback still low to mediocre? It’s a short fuse (low volume) for a quick and damaging fall...........

Just like this housing market lots and lots of sellers. Hey maybe we should sell our houses like stock, sell my house in share valuations’ (shares would pay off the note) then rent it(profit, market comes back house gos up in value) it shows at a loss, I could then ask the gov to give me a bailout (hey I’m too big to fail) The money will run out or its value. Oppps company’s bankrupt. Take overtime then someone Nabors across the street could buy me out and then give me a bonus from there bailout and I get to keep my house.......Right

 

[Pschiffdicpal]

After the Goverments Bailed out everyone...Who Bails out the Goverment?????

 

[Pschiffdicpal]

Some thing from max

http://www.youtube.com/watch?v=cBHv2G1a-wo:D

 

[Pschiffdicpal]

http://www.bloomberg.com/apps/news?pid=20601109&sid=agFM_w6e2i00

 

[Silverbird]

http://www.bloomberg.com/apps/news?pid=20601109&sid=agFM_w6e2i00

Great article. Something has to be done about derivatives - nothing wrong with risky investments but in the case of derivatives the risk isn't shared among the players.

 

[Pschiffdicpal]

Well.....no 2016 Olympics for chi town....

No magic from the team O. His appeal is losing its drive. The Mask is coming off:worried:

 

[Pschiffdicpal]

How far will I FUND fall

Christmas is here, will the consumer...consume? I stated before a majority of fok dont have the dollars to just spend or credit eather the next 8 weekends... watch when you go to the malls, stores see who buying and whos killin time? Carring sacks or little bags with nothing!:worried:

Will the non buing holiday hurt I fund?

Hears somthen from ICN

 

[Boghie]

Re: How far will I FUND fall

Christmas is here, will the consumer...consume? I stated before a majority of fok dont have the dollars to just spend or credit eather the next 8 weekends... watch when you go to the malls, stores see who buying and whos killin time? Carring sacks or little bags with nothing!:worried:

Pschiffdicpal, a couple of things...

There are FEWER stores competing
for MORE savings

Americans have saved more this year than in any of the past ten. And, Americans have been paying down there credit card debt this year. Both of those moves result in improved cash flow. Consumers not spending in October doesn’t map to consumers not spending in December.

We Americans have been walking and chewing gum at the same time! Amazing…
I will go out on the line and state that this year's Christmas spending will be a pleasant surprise.

That alone may save this economy. A couple of good months will drive the mood from fear to hope – rather than from fear to depression. There is a bit of both out there right now.

HOPE.

 

[Pschiffdicpal]

Spending for the Holidays

Bogie,

Def true about the less stores, and saving are up. the margins are alot thiner for the retailers, that are left, Volume will be a key as to sentiment with consuming. the parity will be thrown......how many will show and with what kind of spending in mind?

 

[Pschiffdicpal]

Market manipulation PPT A GOOD FRONT LINE STORY

In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation's worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008.
"I didn't know Brooksley Born," says former SEC Chairman Arthur Levitt, a member of President Clinton's powerful Working Group on Financial Markets. "I was told that she was irascible, difficult, stubborn, unreasonable." Levitt explains how the other principals of the Working Group -- former Fed Chairman Alan Greenspan and former Treasury Secretary Robert Rubin -- convinced him that Born's attempt to regulate the risky derivatives market could lead to financial turmoil, a conclusion he now believes was "clearly a mistake."
Born's battle behind closed doors was epic, Kirk finds. The members of the President's Working Group vehemently opposed regulation -- especially when proposed by a Washington outsider like Born.
"I walk into Brooksley's office one day; the blood has drained from her face," says Michael Greenberger, a former top official at the CFTC who worked closely with Born. "She's hanging up the telephone; she says to me: 'That was [former Assistant Treasury Secretary] Larry Summers. He says, "You're going to cause the worst financial crisis since the end of World War II."... [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'"
Greenspan, Rubin and Summers ultimately prevailed on Congress to stop Born and limit future regulation of derivatives. "Born faced a formidable struggle pushing for regulation at a time when the stock market was booming," Kirk says. "Alan Greenspan was the maestro, and both parties in Washington were united in a belief that the markets would take care of themselves."
Now, with many of the same men who shut down Born in key positions in the Obama administration, The Warning reveals the complicated politics that led to this crisis and what it may say about current attempts to prevent the next one.
"It'll happen again if we don't take the appropriate steps," Born warns. "There will be significant financial downturns and disasters attributed to this regulatory gap over and over until we learn from experience."

 

[Pschiffdicpal]

3 oclock fed

Its so easy to see….NOW, the market is being driven by forces within the WORLD Gov. No one else has money to throw around LIKE PPT!!!

Looking at just the I fund the 2 to almost 4% trading swings..up and down…this week SURE DID tell the story. All most 20 days riding a steady up swing trading at the 18+ handle, then…with news…on the weak to bad side a down turn…then..one day down.... next a upswing and then down..Clear manipulation…and alot of 3 to 4 pm trading....the VOL dont lie:notrust:
No Shorts will survive thats part of it, the muchmaligned short seller have a place, the exchange will never correct without the market being allowed to operate effectively and efficiently.

thats what I think

 

[Show-me]

Like the news link, thank you.

 

[Birchtree]

Welcome back ppal.