Show-me Account Talk

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I thought the first of those auctions was 3/27, for 28 day terms?
Pretty good article. Good quote at the end about savers.
http://www.depression2.tv/d2/node/68
Hey Anidoc,
I stand corrected. Can't figure what/why I wrote down this date -maybe something related. Anyway - GREAT article - loved the analogies (easier to understand).
It made me think how everyone is always critisizing that we are a "debtor-nation, vs a "savings-nation" (generally)...
Yet, in article, at end: "As Grant correctly points out, savers are being decimated by the Fed's policy of low interest rates, high inflation and a weak dollar. But a nation's savings forms the necessary capital base for productive future investment."
Seems we're in a no-win situation. :(
VR ;)
 
S fund, six day run.

C fund, four days of consolidation with small Doji candlesticks.

USO, double bottom.

AGG, triple bottom.

AlfaTrends, cautious.

InTheMoneyStocks.com, expects push up.

Oscar, don't fall in love with the upside.
 
Who is Don Peebles?

He is on CNBC saying that we should not bail out people who act irresponsibly and punish folks that cut back on vacations, took kids out of private school to keep their homes. Who are we going to save next? The credit card industry.

First time I heard this kind of talk on the Cheerleader network.
 
Hey Show-me'
I had written down on my calendar, when the TSLF Loans (from last month) were coming due - its today.
(For others, recall the Fed "Auctions" last month, where Banks were given huge Loans - due in one month? Well, today, those auction loans were to come due to be repaid!)

Wondering - any idea, even guess what, if any, effect we might see of these coming due all at once? :blink::confused:
VR

I thought the first of those auctions was 3/27, for 28 day terms?

Pretty good article. Good quote at the end about savers.

http://www.depression2.tv/d2/node/68

anidoc,

Great article!

I looked back at all of the auctions since the beginning of the year. All fall on a Monday and all but one of those Mondays was up. Hell of a trend. March 10 was the down day.
 
Thanks. Hmmm...interesting insight. Maybe another indicator we can use. What bad news did we get 3/10 to deviate from that trend?

Here's another great article:

http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24477428


Looking back in Tom market comments March 10 was the day everyone was running on BSC and the next day was the day the Fed came out with the $200B bailout. Plus the jobs report came out negative the Friday before when they were expecting a positive.
 
Basically the market was cracking on March 10 based on the jobs report and BearStern. Then Tuesday the Fed rode in and saved the day. What timing, they knew if they did not step in right there and then the market would head lower and the house of card would start to collapse.
 
AP
GE Posts Lower 1Q Profit, Cuts Outlook
Friday April 11, 6:49 am ET GE Posts Lower-Than-Expected 1st-Quarter Profit, Lower Full-Year Outlook on Financial Markets
HARTFORD, Conn. (AP) -- General Electric Co. reported a smaller-than-expected first-quarter profit on Friday and lowered its outlook for fiscal 2008, as the slowing U.S. economy and difficult capital markets hurt its financial services business.

http://biz.yahoo.com/ap/080411/earns_general_electric.html

This should be a very bad sign. Yesterday they were talking how GE is the bellwether.
 
AP
Frontier Files for Bankruptcy Protection
Friday April 11, 6:37 am ET
By Catherine Tsai, AP Business Writer Frontier Airlines Files for Bankruptcy Protection, Plans to Keep Running While It Reorganizes
DENVER (AP) -- Frontier Airlines Holdings Inc. has filed for Chapter 11 bankruptcy protection, but unlike other airlines filing for bankruptcy in recent weeks, it plans to keep running while it reorganizes.

http://biz.yahoo.com/ap/080411/frontier_airlines_bankruptcy.html
 
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