and of course, investors cheered at the thought that Budweiser will be purchased and 10% to 15% of the laborforce will be turned out...that should really boost the market...yippy, unemployment to rise above 400K, buy buy buy...
Will the market go up with pandemic flu?
Market analysts say, "Most definitley. Most sophisticated investors are praying for pandemic flu, which could further boost efficencies and profits into unheard of territories..."
For a little walk down memory lane, here is the interview Erin Callan did with Maria Bartiromo for Business Week 20 March - Back from Ugly Monday Lehman CFO Erin Callan: Back from Ugly Monday
The CEO remains in place but he changes a few titles around. How are these supperficial changes supposed to save Lehman and rebuild investor confidence?!?
Talk about rearranging deck chairs on the Titanic -- YIKES!
sterlingerl writes:
For a little walk down memory lane, here is the interview Erin Callan did with Maria Bartiromo for Business Week 20 March - Back from Ugly Monday
The problem with days like these are that now more than ever, sentiment is going to be that if any CEO or top management denies there are issues regardless of whether it be the truth or not, people are just going to think the opposite.
The next financial bigwig who says there are no problems will get shorted till there is one.
"Government spents $160 billion on useless crap at Wal-Mart, other retailers.Market pops 1%."
Yeah and they borrowed the money from China and OPEC to do it. The next money rain is going to be more expensive as the bond market is getting toasted today from all this happy talk. Of course that's good for housing and equities right? Party on.
The problem with days like these are that now more than ever, sentiment is going to be that if any CEO or top management denies there are issues regardless of whether it be the truth or not, people are just going to think the opposite.
The next financial bigwig who says there are no problems will get shorted till there is one.
the big boys have only themselves to blame. if they were more transparent with their books then there wouldn't be any ability to have false rumors. instead the books are a clear as mud.
worse, too often the CEO's say "there is nothing to worry about" there actually IS something to worry about.
this wouldn't happen if they were
a) honest
b) transparent.
Anonymous writes:
"Government spents $160 billion on useless crap at Wal-Mart, other retailers.Market pops 1%."
"Yeah and they borrowed the money from China and OPEC to do it. The next money rain is going to be more expensive as the bond market is getting toasted today from all this happy talk. Of course that's good for housing and equities right? Party on."
The country got into trouble because of poor fiscal management by the banks and the government. Best solution they could dream up was to increase the budget deficit and open up the Fed window to the unregulated. The addict is trying to go clean after "just one more fix."
Of course, the market eats this up for awhile, then crashes back--helping only the short term speculators--who are blamed for oil's price increase. This should be funny but I'm not laughing.
I see Alec noted the higher unemployment figures out today up above. Funny, CNN has this as one of its lead stories, but it's nowhere to be found on CNBC, Bloomberg or Reuters.
"Now do I have to point out the flaw in that or can you figure it out....MS"
Sadly, most American docs routinely prescibe antibiotics for bad colds and mild flu. While all it is really for is to validate the sick day. The American 'work ethic' i.e. 'slave drive' is behind this obsession, which nonetheless is helping to create the superbug phenomenon.
Now do I have to point out the flaw in that or can you figure it out....
"We made a profit in the first quarter!(By claiming as income the fact that the price of our outstanding debt declined and IF we purchased and retired that we'd show income...and FASB lets us book this even if we don't...so we have a profit!)
We don't need more capital.
We need $6B in new capital through massive stockholder dilution.
We're in great shape nothing to see here. Move along.
We're firing the president and CFO."
Yep...this company is in FINE shape. Go long VERY long on it.
Erin was demoted because of the WSJ article featuring her, in a skimpy dress, posing with her legs spread slightly like a WHORE.
Not that she is one. A WHORE, I mean. She just looked like one. A WHORE.
Markets will still be up!
Lehman's Callan, Gregory Step Down, Lowitt Named Finance Chief...Company still circling the drain...
Zero
Buy now or be priced out forever!!
Any rumor mongering on the LEH equity placement - still "oversubscribed?"
energyecon writes:
Any rumor mongering on the LEH equity placement - still "oversubscribed?"
Am curious if that deal is still on.. anyone have any updates? now 28 dollars doesn't seem that cheap anymore!
I love headlines like "Investors cheer lower oil prices"...
...where are investors cheering? "Hurray, oil is only $133 a barrel. This economy is about to turn the corner...oh, wait, that's an edge...F***."
More bad news coming?
Allen C writes:
More bad news coming?
You kidding, this is great news.. the markets concur!
and of course, investors cheered at the thought that Budweiser will be purchased and 10% to 15% of the laborforce will be turned out...that should really boost the market...yippy, unemployment to rise above 400K, buy buy buy...
Will the market go up with pandemic flu?
Market analysts say, "Most definitley. Most sophisticated investors are praying for pandemic flu, which could further boost efficencies and profits into unheard of territories..."
Government spents $160 billion on useless crap at Wal-Mart, other retailers.Market pops 1%.
All of our problems are once again behind us, again. We mean it this time. No, really.
For a little walk down memory lane, here is the interview Erin Callan did with Maria Bartiromo for Business Week 20 March - Back from Ugly Monday
Lehman CFO Erin Callan: Back from Ugly Monday
The Labor Department reported Thursday that new applications for jobless benefits rose to 384,000, an increase of 25,000 from the previous week.
Big weekend ahead!
The CEO remains in place but he changes a few titles around. How are these supperficial changes supposed to save Lehman and rebuild investor confidence?!?
Talk about rearranging deck chairs on the Titanic -- YIKES!
sterlingerl writes:
For a little walk down memory lane, here is the interview Erin Callan did with Maria Bartiromo for Business Week 20 March - Back from Ugly Monday
The problem with days like these are that now more than ever, sentiment is going to be that if any CEO or top management denies there are issues regardless of whether it be the truth or not, people are just going to think the opposite.
The next financial bigwig who says there are no problems will get shorted till there is one.
I like that the market is up. You know, got some bottom calls yesterday. Hope to get out this morning.
Market will go under 12000 again in 2008, but not without some ups and downs.
The Labor Department reported Thursday that new applications for jobless benefits rose to 384,000, an increase of 25,000 from the previous week.
JS
4 week moving average is up 2,500 to 371k.
Happy Days Are Here Again
(youtube)!!!
"We need new deck chairs!"
Cheers,
prat
"Government spents $160 billion on useless crap at Wal-Mart, other retailers.Market pops 1%."
Yeah and they borrowed the money from China and OPEC to do it. The next money rain is going to be more expensive as the bond market is getting toasted today from all this happy talk. Of course that's good for housing and equities right? Party on.
I think they should get Tom Lehman as president and Tom Watson as vice president and change their focus to investing in the Senior Tour.
The poor sheeple who are buying this stock this morning, right into a nice little pump job. The President and CFO don't leave if everything is good.
Would you want to leave your money in Lehman over the weekend?
The problem with days like these are that now more than ever, sentiment is going to be that if any CEO or top management denies there are issues regardless of whether it be the truth or not, people are just going to think the opposite.
The next financial bigwig who says there are no problems will get shorted till there is one.
the big boys have only themselves to blame. if they were more transparent with their books then there wouldn't be any ability to have false rumors. instead the books are a clear as mud.
worse, too often the CEO's say "there is nothing to worry about" there actually IS something to worry about.
this wouldn't happen if they were
a) honest
b) transparent.
leave?? Reassigned according to them..
Hehe
Ciao
MS
Anonymous writes:
"Government spents $160 billion on useless crap at Wal-Mart, other retailers.Market pops 1%."
"Yeah and they borrowed the money from China and OPEC to do it. The next money rain is going to be more expensive as the bond market is getting toasted today from all this happy talk. Of course that's good for housing and equities right? Party on."
The country got into trouble because of poor fiscal management by the banks and the government. Best solution they could dream up was to increase the budget deficit and open up the Fed window to the unregulated. The addict is trying to go clean after "just one more fix."
Of course, the market eats this up for awhile, then crashes back--helping only the short term speculators--who are blamed for oil's price increase. This should be funny but I'm not laughing.
I see Alec noted the higher unemployment figures out today up above. Funny, CNN has this as one of its lead stories, but it's nowhere to be found on CNBC, Bloomberg or Reuters.
Initial jobless claims rose last week - Jun. 12, 2008
I'm not used to having to get my news from CNN!
"hey guys, could you wait until after i'm dead to sell off my stock"...Steve Jobs
Great post over on Naked Capitalism blog
So Much For Free Markets: Federally Sponsored Mortgages at 90% Share « naked capitalism
Looks like Fannie+Freddie+FHA=90% of new mortgage loans.
Who wants to buy government bonds?
The US Government is now the largest housing hedge fund in the world. Hope those prices don't drop any more.
In poor taste-
had to laugh at that....
Loved Apple's response: It's a virus and he's taking antibiotics....
Now do I have to point out the flaw in that or can you figure it out....
Ciao
MS
We want Fuld's head instead!
We don't need no stinkin' small changes.
We want the gorilla fired!
"Now do I have to point out the flaw in that or can you figure it out....MS"
Sadly, most American docs routinely prescibe antibiotics for bad colds and mild flu. While all it is really for is to validate the sick day. The American 'work ethic' i.e. 'slave drive' is behind this obsession, which nonetheless is helping to create the superbug phenomenon.
Now do I have to point out the flaw in that or can you figure it out....
Bwahahahahahahaha!!!
"We made a profit in the first quarter!(By claiming as income the fact that the price of our outstanding debt declined and IF we purchased and retired that we'd show income...and FASB lets us book this even if we don't...so we have a profit!)
We don't need more capital.
We need $6B in new capital through massive stockholder dilution.
We're in great shape nothing to see here. Move along.
We're firing the president and CFO."
Yep...this company is in FINE shape. Go long VERY long on it.
Bwahahahahahahahahahahah!
Cheers,
trying to be a smart ass and you missed the point...
Antibiotics treat Bacteria not Virus'
Ciao
MS
There's no chance a firm started in the cotton fields of the deep south will be saved by the , the....well, you know.
MS,
I thought, you know, APPLE'S CEO has a VIRUS.
Windows get viri not Macs.
Cheers,
Blackhat said:
"This economy is about to turn the corner...oh, wait, that's an edge..."
Cliff-diving is just turning a corner in a vertical plane. You've still turned a corner.
Oh, you wanted it to be up? Man, you guys are picky.
"Now do I have to point out the flaw in that or can you figure it out....MS"
I thought Macs dont get viruses?
Macs can get viruses!
Macintosh Viruses and Mac Virus Resources
How many more days would you give to Fuld?
Erin was demoted because of the WSJ article featuring her, in a skimpy dress, posing with her legs spread slightly like a WHORE.
Not that she is one. A WHORE, I mean. She just looked like one. A WHORE.