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Kneel before Zod
first?
Your unwavering display of confidence in our glorious leaders is duly noted.
well what can i say
damn it nemo...
at least it looks like you've been recapitalized...
Not nemo.
lol
there is something about bald men and finance
Surprised CashCarry hasn't had his eyes changed to blue.
awesome
Baldness is a symptom of testosterone poisoning. When stags butt they release more and more testosterone until they keel over. Traders go nuts more and more until they make irrational decisions and attack people on the floor. Our financial industry is suffering from testosterone poisoning. YOU HEARD IT HERE FIRST
he is not a sellout like bobby jindal. But look at the bright side. None can accuse the US of racism.
Nemo writes:
Surprised CashCarry hasn't had his eyes changed to blue.
When CR puts out these just in good fun posts... you know something is amiss.
they look alike! hehehe.
PS: You want to read the analysis note below folks as it relates prices of previous bear bottom to today's price. Found at DB.
" Bottom analysis from
MarketWarnings: DOW, SP500, October 2008 Bottom (Buying for retirement, and long term holding)
"
The real Dr. Evil only wanted TWO BILLION dollars to save the world! Inflation's out-of-hand, lately.
Gold dropping..something is up.
Everything will be OK. The Commander in Chief is going to address the nation tomorrow. He will take care of us. He will know what to do HAHAHAHAHHAHAHAHAHA
AHAHAHAHHAHAHAHAHA
satan writes:
there is something about bald men and finance
satan | 10.09.08 - 9:21 pm |
They don't come up with hair-brained ideas.
Priceless....literally and figuratively
Penrod and Hoopajoop
Women have known this forever.
Nikkei -899
this is a must see, very very funny...
YouTube -
Hank doesn't give me the heebee jeebees. Kash&Kari does. There is something obsessive in his gaze.
CR,
Thanks for the Hat tip, but you had the better punchline. Mini Me! Perfect!
There are stories out there about Kash & Kari being politically... devoted to his point of view, to the point where he told other dinner guests that someone who supported an opposing party told him that he'd been abducted by aliens. Who knows the validity of these tales.
Sorry, once again, NPR scooped this:
Grandma's Advice Is Best In Hard Financial Times : NPR Oct 6, 2008
... effectively they are suffering from testosterone poisoning. ...
Grandma's Advice Is Best In Hard Financial Times : NPR
(No kidding, it's a serious story about a serious issue)
As a bald man who is no financier (or economist for that matter) I decry this slur.
The problem with "these people" is clearly excessive use of Ibogaine.
I have a feeling this thread is going to be real fun...
Them's fighting words, CR. (Just kiddin'...)
See, I'm married to a bald guy.
[IMG]http://i6.photobucket.com/albums/y214/Radio_Lady/AudioAl.jpg[/IMG]
He's pretty good with numbers, but won't touch this financial crapfest with a ten-foot pole.
Hey, anyone here go to AIG's spa night out? No moles? No reports?
Kickin' financial a**, CR. Thanks for the levity.
EK
http://i35.tinypic.com/2n1dudh.jpg
Looks like I need to update... I liked the X-men idea some of you gave me as well...
Man, what a deviated septum.......that or Mini-me sure knows how to take a punch.
Rogaine works.
I swear.
All I see is those baby blues on you Hank.
Trust me.....hair is just one less thing to worry about.
is it armagedonning, again?
BooooYaaaaa
sell, sell, sell....
They have no idea.
The perfect thread music:
YouTube -
I hate html.
But I'm learning it, like I learned Algebra.
See, I'm married to a bald guy.
[URL]http://i6.photobucket.com/albums/y214/ Radio_Lady/AudioAl.jpg[/URL]
He's SO smart...
paging yul brenner
Nikkei -899
Anonymous | 10.09.08 - 9:31 pm | #
lunch break in 25 min?
Dear Mr. Greenspan,
We officially solved the mystery of the famous "Conundrum"
Credit Default Swaps.
Have a nice nap,
American Taxpayers
BB writes:
Gold dropping..something is up.
I show gold as basically unchanged right now.
Before?
After?
Yeah, Paulson just needed $700b for the injections and the machine.
OP-ED COLUMNIST; Franklin Delano Obama? - NY Times
Moment of Truth
By PAUL KRUGMAN
Published: October 9, 2008
Last month, when the U.S. Treasury Department allowed Lehman Brothers to fail, I wrote that Henry Paulson, the Treasury secretary, was playing financial Russian roulette. Sure enough, there was a bullet in that chamber: Lehmans failure caused the world financial crisis, already severe, to get much, much worse.
NBC news is doing a story on Charlotte & Wachovia layoffs...they claim the city is doomed....Sebastian say it ain't so.
i am not seeing a drop and if there is, it is a head fake. there is NO physical supply - so price SHOULD increase!
Da Plane, Da Plane boss!!!
What a joke.
Money keeps bald men warm
Propecia shoots - oh! Off the top of the backboard.
are yur glod are belongz to us?
Krugman:
"What should be done? The United States and Europe should just say Yes, prime minister. The British plan isnt perfect, but theres widespread agreement among economists that it offers by far the best available template for a broader rescue effort.
"And the time to act is now. You may think that things cant get any worse but they can, and if nothing is done in the next few days, they will."
Anonymous writes:
Nikkei -899
Whew... thankfully the lunch break tradition is holding (for today).
Crispy,
Is BoA laying off?
Got Popcorn?
Neil
SATAN!
King of Corruption meet Prince of Darkness!
I thought the 700 billion was going to prevent a crash, not cause one. The Bush legacy can be summed it as follows...2 wars ongoing, financial sector wrecked, housing sector wrecked, deficit exploded, Constitution Destroyed. Heckuvva job Bushie. Mission ACCOMPLISHED!
Crispy...luckily for Seb, he is in Raleigh. Not that that will save him, but just sayin...anyway, we aint never goin to see him again no more it looks like...
Whats the connection cause this guy has to be connected. Frat brothers -His Dad and Hank? He can't really see this as an opprotunity? Wow, he gets to be Brownie for a financial FEMA>
Hello AIG's Toes.
Whatcha doin'? I don't get your screen name. Please explain if you wish.
Trying again:
Them's fighting words, CR. (Just kiddin'...)
See, I'm married to a bald guy.
http://i6.photobucket.com/albums/y214/ Radio_Lady/AudioAl.jpg
He's pretty good with numbers, but won't touch this financial crapfest with a ten-foot pole.
Hey, anyone here go to AIG's spa night out? No moles? No reports?
Kickin' financial a**, CR. Thanks for the levity.
EK
Quick question(a little tangential to the thread):
If bringing down TED is desirable, then will not that happen if treasury stood behind every interbank lending transaction? Too simple or am I missing something here?
It's not a secret club; it's a shared practice.
Consult UrbanDictionary re: 'helmeting.'
Then you will get it.
Geoff - he is lurking. Someone posted an old CR link from 2005, on Tuesday, on prediciting recessions and he posted on the link right after it was posted...
Hi Sebastian!
IM writes:
Quick question(a little tangential to the thread):
If bringing down TED is desirable, then will not that happen if treasury stood behind every interbank lending transaction? Too simple or am I missing something here?
missing:
1. trust
2. confidence
3?
So can anyone remember the last time glod was higher than SPX? That's, like not good, is it? Oh well, the Lehman's unwind is tomorrow, if shrub doesn't declare a bank holiday.
I know, I know, let's elect more Republicans!
No plastic guns
Revolvers unless you plan on shooting 300 plus rounds
A belief in something outside yourself
Friends
a small tatical nuke in a non-designer suitcase tastefully decorated with American flags.
These are just a few of my favorite things...
"I think we are close to the bottom" quote from CNBC assclown.
We've got to stop meeting this way.
I have several dollar bills. Should I just burn them or keep them for souveniers?
This morning, some TV punster said that a single share of the original General Motors stock on paper -- probably issued when my grandfather was alive -- is now worth more as a collectible than it is as actual stock.
Incredible!
Dudes, if you don't have much hair left - do not go for the combover. shave it all off!
I call for a DNA parentage test on Mini Me. He's the secret evil spawn of Hanky Pankie.
Sometimes I see the semi secret van that drives around DC sniffing the air for bad things.
BREAKING
Moodys downgrades GS....
I wonder if Hank and mini-me apporved that?
CSC -- thank you for sharing
Neel is Hank's lovechild and I think the claim to Indian ancestory is a front. Let's see, Neel born in 1973. Hank dropping LSD meets Pam Grier. Viola! We have Neel.
Nova--you betcha there is. And if you look up you will hear and see the small airplane constantly circling.
Happy to say I'm beginning to understand about 1/2 of the comments posted here.
Also, I'm furiously looking the rest of 'em up on the Internet.
I'm winging the drug references. DOA.
Peace, love and happiness,
EK
Paulson has one serious coke eye...
Ciao
MS
Dr. Evil | What if God was One of Us | Just the two of us
YouTube - Dr. Evil | What if God was One of Us | Just the two of us
I knew Neel back when he had a sweet-ass mullet.
Total bogart though.
"Mission ACCOMPLISHED!"
Cynical Yes
They should find that sign and hang it across the WH the day he leaves.
IM writes:
"Quick question(a little tangential to the thread):
If bringing down TED is desirable, then will not that happen if treasury stood behind every interbank lending transaction? Too simple or am I missing something here?"
It should work, although even government-guaranteed paper can get smoked in this environment.
The problem with guarantees is this: the interbank system is global. The USD LIBOR panel banks are mainly European (working from memory).
The question is this: does the U.S. Treasury want to guarantee the interbank transactions of entire european banking system? Since the answer to that is probably "no", guarantees will require international cooperation.
Prudential warned on earnings tonight.
Prudential becomes latest insurer to warn
| Reuters
Hank makes me bleach my anus.
Has anoyone been looking at the LV stocks? LVS is at $13 (from $148)
Prudential warned on earnings tonight.
Page Not Found | Reuters.com
h...E4989I220081010
alba | 10.09.08 - 9:54 pm | #
double fuck! my industry is in the crapper!
missing:
1. trust
2. confidence
3?
cracker | 10.09.08 - 9:48 pm | #
It doesn't change until Paulson and Bernanke are gone. They are the problem.
crispy&cole writes:
Moodys downgrades GS....
Jesus wept - why didn't I take my own forecast seriously:
<a href="http://www.haloscan.com/comments/calculatedrisk/3295153543449256822/?a=14549#637879>Before this "crisis" is over, Goldman Sachs will trade at $70.
10.03.08 - 11:18 am
GS was trading at $130 then. It's the all-time high volume low. Hopefully that will fulfill this market's desire to waterfall
Wow lot of bottom callers here this evening, must be Happy Hour at the NSA.
Either that Or the Mental Institutions just got I-net.
Hey, let's keep this thread clean!
then will not that happen?
this: a class of algebra's (mathematical structures satisfying particular laws).
I am not sure a boolean logic phrase of the expected outcome is relevant, says the magic eight ball.
the cowbell is simply broken.
I'm setting up a barter group in Portland, Oregon.
There was someone from PDX here last night... Jim?
Talk to me at radio_lady(AT)comcast.net
Not selling anything. Just trying to make ends meet through barter. We did it in the 1970s and IT WORKED!
Cordially,
EK
LehmanCDS 8500
LehmanCD. 8000
LehmanC.. 7500
Lehman... 7000
Lehma.... 6500
Lehm..... 6000
Leh...... 5500
Le....... 5000
L........ 4500
......... 4000
Not a banker, I totally agree.
It's a crisis in confidence.
Thanks for your post.
EK
"The problem with "these people" is clearly excessive use of Ibogaine."
We need Dr Thompson now, he would know what drugs to mix and take.
ot a banker writes:
[insert people] identify problem.
people are solutions, if people are problems...less people?
does not compute.
--
12-Month Asset Deflation (Scams & Real Estate) Has Already Exceeded 80% of the GDP!
It is close to 90% of the GDP for the latest 4 quarters. THIS HAS NEVER HAPPENED BEFORE, EVEN DURING THE EARLY YEARS OF THE GREAT DEPRESSION TO THE BEST OF MY KNOWLEDGE OF THE 1929-1933 PERIOD.
The US economy will be in full-fledged depression by late 2009 and in 2010 President Obama will propose a $5Tr. Fair Deal program for a 5-year period in an attempt to jump-start the economy for the 2012 re-election. Of course, he will propose a new stimulus plan as soon as he is in office next year but it wouldnt do much to avert the depression.
The dirty deed of pushing the US into the coming Greater Depression at a later date (pushing the problems into the future) was already done under evildoer Greenspan and is being continued under evildoers Bush, Bernanke, Paulson & Co. Pushing Debt is an evil. Aren't Americans "unlucky" to have evildoers in power?
It is the debt, Stupid!
Jas
o bottom calling here....
Although announcing $350BB capitalization into the largest banks may be good for a few hours, maybe even an up close. Or might be overwhelmed by the CDS debacles.
who had it right?????
It doesn't change until Paulson and Bernanke are gone. They are the problem.
Unfortunately, Bernanke's not going anywhere for a while.
Nikkei dives, eyeing biggest fall since '87 crash
TOKYO, Oct 10 (Reuters) - The Nikkei average tumbled more than 11 percent on Friday, leaving it facing its biggest one-day drop since the 1987 stock market crash on fears the financial crisis will lead to a global recession.
While the index later recovered a little, the early stock sell-off led the Osaka Stock Exchange to trigger a circuit-breaker and briefly halt trade in Nikkei futures.
"No one is buying. Fundamentals don't matter any more and there's no explanation for such a plunge," said Yoshinori Nagano, chief strategist at Daiwa Asset Management.
Nikkei dives, eyeing biggest fall since '87 crash
| Reuters
Thanks Bond Guy!
Lets see if the G7 meeting attempts something along your lines!
Crisis aside, I am sure learning a lot!
Thanks again.
Methinks Ellen is on to something there. Please keep us informed...if only so we can duplicate your efforts in our area's
Ciao
MS
Fundamentals don't matter any more and there's no explanation for such a plunge," said Yoshinori Nagano, chief strategist at Daiwa Asset Management.
Huh?
Ahh I get it, it's the rating agencies fault...
62.56 bid for GS?
This thread needs more chocolate.
Is it possible for the Dow to go into negative territory?
Just Wondering.
"62.56 bid for GS?"
Ok this is getting silly....just where so you see that?
Ciao
MS
Anyone able to calc exactly how many years Kash has been working in finance? Y'know aside from the rockets and long training with dubiously relevant degrees?
When I was 35 I ran a nine-figure budget. If someone had come to me with a bigger proposition, I woulda said get your head read.
But that's just me.
M
@ tokyo stock market clowns
no explanation? I thought a JP insurance co failed?
Oh, CR, that was painful. Is this our future? A bunch of bald, white men from GS calling all the shots. Ouch. Where's Mussolini when you need him?
Man, I thought the stress of stealing taxpayer money, saving Gollum Sachs from a firesale, hiding ill gotten loot in Dubai and such had gotten to Hankypanky and the pics were before meltdown and during meltdown.
if fundementals dont matter.
and deficits dont matter.
and the dollar is not our problem its yours.
and if hank was fired.
and if everyone did what England is doing.
and if, I only had more chocolate and bong hits.
where was I goin with this?
Is there a link for the GS downgrade?
I just checked. GS had a tough day today.
My quotetracker software raw data. Streaming feed from ETRADE.
10/09/08\t19:59:27\t100.40\t100.05\t100.99\t0
10/09/08\t19:59:43\t100.40\t100.05\t100.95\t0
10/09/08\t20:00:00\t100.40\t100.05\t100.99\t0
10/09/08\t20:00:02\t100.40\t62.56\t101.80\t0
10/09/08\t20:00:02\t100.40\t62.56\t103.00\t0
10/09/08\t20:04:10\t101.35\t62.56\t103.00\t310469
Lunchtime in Tokyo. Lots of orders for raw fugu.
cracker -
Probably towards that chocolate chip youtube clip someone posted last night.
mal-
funny........but not
Ciao
MS
Currently Smoking--
I have a genetic of San Pedro from Northern Chile that is scary!
The machine elves show up ever time almost!
Paulson and Kashkari obviously didn't realize when those celebrity photos were taken that they'd be carried around by pike-wielding citizenry and used as mug shots.
celebrity photos
Nice!
I have a genetic of San Pedro from Northern Chile that is scary!
I just got back from Ecuador last week. San Pedro is powerful medicine
alba writes:
Prudential warned on earnings tonight.
Joins Met Life on the wobble list
caryle group?
The Asians, Russians, Europeans and Arabs are not fools. Bush is.
Paulson is down to moving his King one space at a time. He is cooked.
These markets free up when he and his GS buddies take the fall for the mess they created.
We need to channel Andrew Jackson, he would know what to do.
"You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out."
Andrew Jackson: To delegation of bankers discussing the Bank Renewal Bill, 1832
"The bold effort the present bank had made to control the government, the distress it had wantonly produced...are but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."
On Jackson's tombstone: I Killed The Bank
This is a scam, a sham, a game being played between govts. and billionaires at the expense of citizens to see who blinks first. I want blood.
"Stock market plunging into pit of despair"
headline from AP article tonight...
writer goes on to use "inconceivable" several times in article....
doesnt say anything about a land war in asia however
I'm just glad I'm on the ground floor, so jumping out a window is a non-starter. Maybe I'll just crawl out and beat my forehead on the sidewalk......geez.
I prefer "Bad Penny" for Paulson and "The $700 Billion Dollar Man" for Kash&Kari.
Bush on tap for tomorrow. Taking bets on "painful and lasting" and/or "long and painful".
Baron-
My platform shows 100.05
I'm guessing there are games afoot going on.
Indo Stock Exchange just delayed resumption of trading halted a few days ago-B'berg
Ciao
MS
STATUS REPORT
FROM: GEN PAULUS B. FULDA
TO: WESTERN FRONTIER CENTRAL COMMAND
CENTRAL SECTOR OF PARIS NOW SECURED
BEGINNING MOP IN SURROUNDING DISTRICTS
CYBER WARFARE AERIAL MISSIONS STARTED FOR LONDON 7 MINUTES AGO
ADVANCE UNITS OF THE AIG PANZERS EN ROUTE TO COAST / ENGLISH CHANNEL
FORMAL SURRENDER CEREMONY SCHEDULED FOR 12 NOON TOMMOROW CENTER OF PARIS
VERY LIGHT PARTISAN RESISTANCE ENCOUNTERED
FULDA.
Sol, I'm hoping for "insolvent"...
Wow. It must really be bad when hedgies are liquidating Gold too.
"Gross domestic product contracted an annualized 6.3 percent in the third quarter from the previous three months, after shrinking a revised 5.7 percent between April and June, the trade ministry said in a separate statement"
This is Singapore.
Imagine if the US economy contracted at 6.3%
Bush on tap for tomorrow.
"It's hard work..."
"Maybe I'll just crawl out and beat my forehead on the sidewalk......geez."
Conjure says, "There's always the subway. I like the subway, there are rats down there."
Bush on tap for tomorrow. Taking bets on "painful and lasting" and/or "long and painful".
"it's hard..hard work...bold move...smoke 'em out...I need a bump
mp, is Conjure back from assignment?
Coulda SWORE there was a tradeble bottom a 100 points ago on S&P.
Indonesia stock market just went on a lunch break... a 56 hour one...
Has anoyone been looking at the LV stocks? LVS is at $13 (from $148)
crispy&cole
I rode it from 100 to 80 took my money. Alas i have no balls!
Oddly enough I just checked it yesterday for the first time in months. I was short wynn, perini and sands lvs. Lets just say I know I'm no trader!
Oh the tragedy of impotent power
YouTube - Shakespeare "King Lear"- (1997 TV-Ian Holm), Act 3, scene 6
"mp, is Conjure back from assignment?"
Yes, he certainly is.
From the Telegraph UK-the IMF has activated a multihundred billion dollar fund.
"The IMF emergency cash is designed to help countries which are too small or poor to keep their financial sectors afloat. It is thought to be aimed at a number of countries including Iceland and some Eastern European states."
This is the worst case scenario. shit
Wrote about paulson's poor choice and how much they look alike last night! That guy Cash n carry is 35 years old! In the last real recession of 91 he was in high school!
"Just in good fun"
Watching CNBC is so much fun these days. They are either almost crying, yelling with anger, or shaking their heads and rolling their eyes at the fact that investors aren't believing that the Dow should be back up above 12000.
Satellite TV: $40 a month.
Schadenfreude: Priceless.
Iffen I'm gonna hafta watch tomorrow I want some drinkin' rulez!
How much fer every time Dubbya sez "Merikanz?"
There was a factory, now there are mountains and rivers, there was a shopping mall, now it's all covered with flowers...
Sounds good to me. Time to go primeval on capitalism's ass.
Gerald, how so?
"mp, is Conjure back from assignment?"
Yes, he certainly is.
mp
And the report?
Man-or-Monkey, Chimpeor in Chief, Shurb, Chimpy McCoke spoon is gonna give a little tea party in the rose garden and make us feel alright
Why?
Oct. 9 (Bloomberg) -- New City Residence Investment Corp. became Japan's first failure of a listed real-estate investment trust today, filing for bankruptcy protection with liabilities totaling 112.4 billion yen ($1.1 billion).
The global financial crisis is eroding domestic real-estate markets, making it difficult for the trust to raise funds, Tokyo-based New City Residence said in a statement distributed at the Tokyo Stock Exchange.
New City Residence will be delisted on Nov. 10, the Tokyo Stock Exchange said.
mp - where to from here per Conjure bag?
Multiple Choice:
Prechter's Deflation
Bernanke's Reflation
Paulson's Nationalization
Jas's Greater Depression or
CR's better here than there?
Just curious... and having popcorn.
If this means anything to anyone, 901 on the $SPX is exactly 50% between the low of the 1987 crash and the high of 2007. It closed at 909.92...
Anyone else a little o_O over the happenings at TF?
Very. Troubled.
As of this moment, I believe Paulson has eclipsed Cheney as the most powerful person in DC. All Bush appointments are either inept, evil or replaced. Some are the first 2, unfortunately, not the latter.
Nades, he says he's still working on his report. He said he'd hand it off to me Sunday evening.
Yes, he certainly is.
mp
God help us, when he is ready I presume we will get a report?
This is the worst case scenario. shit
Gerald
The IMF backstops government debt. It is the lender of last resort.
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth
of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world--no longer a government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small amount of dominant men." Woodrow Wilson 1916
Were hamsters on a wheel and around and around we go. Been there again and again. New generation, same congame. Nothing will change until they're wearing orange jumpsuits and frogmarched to the gallows. Most unlikely to happen since the whole government and banks are corrupt.
ten-4!
wait! its thrusday. three days to type. this must be serious shit!
S&P futures reacting badly to Morgan Stanley debt downgrade... real badly...
time to switch from Night Train to Cisco.
"where to from here per Conjure bag?"
Noble, it's far more diabolical than anything you listed as a possibility.
Sunday evening.? I need it yesterday!
Woodrow Wilson
The original sell-out artist
"i am not seeing a drop and if there is, it is a head fake. there is NO physical supply - so price SHOULD increase!"
I make a bet that if you go into any jewelry store you'd see lots of gold sitting around.
Remember who is the little end of that market, and who is the big end.
"I prefer "Bad Penny" for Paulson and "The $700 Billion Dollar Man" for Kash&Kari."
We can recapitalize him, we have the technology...But seriously, I suppose Paulson did not have time to think about how many jokes could be wrung out of his new boy-toy.
whats the over under on number of casualties tomorrow?
In auto news:
DETROIT (Reuters) - The global auto market may experience an "outright collapse" in 2009 amid growing concerns around credit availability of credit and general economic stress, an influential industry tracking firm said on Thursday.
J.D. Power and Associates forecast U.S. light vehicle sales would fall to 13.2 million units in 2009 after likely settling at 13.6 million units this year, adding that a pronounced recovery is more than 18 months away.
As many as 3,800 U.S. car dealerships could fail this fall and into 2009 -- nearly one in five -- because of weak sales, increased operational costs and the credit crunch, according to a forecast released on Wednesday.
Financial system bailout: $700b
AIG supplemental: $34b
GPS transceiver on Conjure: priceless
anya writes:
If this means anything to anyone, 901 on the $SPX is exactly 50% between the low of the 1987 crash and the high of 2007. It closed at 909.92...
problem in the timeline:
if my memmory serves me correctly, 87 was Russia Afganistan conflict? AM I right or am I right or am I right?
rps writes:
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth
of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world--no longer a government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small amount of dominant men." Woodrow Wilson 1916
Is that real? That's freakin eerie. To bad Bush doesn't have Wilson's insight, humility or balls.
The original sell-out artist
ChopperOne
At least he accepted responsibility. You will NEVER get Chimpy to do that.
"wait! its thrusday. three days to type. this must be serious shit!"
Yes, it is. He says it even has graphics.
This is the worst case scenario. shit
Gerald | 10.09.08 - 10:18 pm | #
Whose good faith and credit backs the IMF?
Wait - does that mean Obama is Austin Powers? Shagadelic, baby!
Just heard on CNBC:
Private funds would flow into the market if there was a GLOBAL backstop to SUPPORT prices.
I was a first hand witness to the nasdaq collapse of 2000-2001 and crap like this was totally absent. What is the difference??
Whereismyretirement writes:
Bush on tap for tomorrow.
Oh dear God.
Lee Harvey Oswald, where are you when your country needs you?
I believe that if Bush started with "I done fuck up this country I love" and burst to bitter tears... his approval rating would go up... to 28% or so...
yeah better take a four day holiday, and come back on tuesday.
It's real anonymous, Wilson realized after the fact that he had unwittingly destroyed this country with the Fed.
Subcommander Doom: Whoa. Greetings, fellow traveler. By your language, I will also assume you are familiar with McKenna, the Greatest Bard. Happy journeys, brother.
If Kudlow would just come out and apologize and admit that everything he says is wrong, and he's always been wrong, and is dangerous to America, I would feel a bit better, but not much.
Some could use morphing software here,
A highly artistic and beautiful- example is:
YouTube - Women In Art
Morpheus Software - The #1 Digital Photo Animation Software
Whereismyretirement writes:
Bush on tap for tomorrow.
Oh dear God.
I wish he would just speak on the radio only, like FDR.
if there was a GLOBAL backstop to SUPPORT prices
This where the Bank of Internaional Settlements comes in...
J.D. Power and Associates forecast U.S. light vehicle sales would fall to 13.2 million units in 2009
Way, way too optimistic. 10-11 million, 11-12 million in 2010.
Lee Harvey Oswald, where are you when your country needs you?
Didn't Hinkcley get out?
JJL writes:
Just heard on CNBC:
Private funds would flow into the market if there was a GLOBAL backstop to SUPPORT prices.
I was a first hand witness to the nasdaq collapse of 2000-2001 and crap like this was totally absent. What is the difference??
Way, way too optimistic. 10-11 million, 11-12 million in 2010.
PeakVT
do you really think? that would be bloodshed in the midwest.
that would be an interesting website. the car version of CR. economy and car articles. could be a hit somewhere?
Ford vehicle sales in China rose 17.3% in first 3 quarters. Bow down you capitalist pigs
... and I forgot to mention that there is a full moon on Tuesday.
crispy&cole writes:
I have a feeling this thread is going to be real fun...
crispy&cole | Homepage | 10.09.08 - 9:35 pm | #
--
ding ding! we have a winner!
i've been calling these guys dicks for a while now, then you see them and you're like "oh, they actually are dicks?"
Private funds would flow into the market if there was a GLOBAL backstop to SUPPORT prices.
global? GLOBAL? I'm calling and faxing my GLOBAL representative - who ever that is
Monday was across the board seller of otm puts, down 10-15%, oct ex.
that was fast.
Tommorrow, i'm buying with both hands BAC , 2nd action at 19.
the poster fomerly known as ni writes:
Coulda SWORE there was a tradeble bottom a 100 points ago on S&P.
phew! glad I'm not the only one
So Morgan Stanley could actually keel over tomorrow. Wowza.
When the dot-coms blew apart, the only good news to be had was when we were told that our company was on the front page of f*ckedcompany. Other than that, and a free cardboard box, we got bupkis.
Our foreign money teased us and left us hanging. Thanks, China.com.
It's here, the event horizon.
Glod f'ing dammit! It could have been stopped. But these shit heads masters of the universe thought they could avoid it.
I might have to go hunting.
Nostrovia,
J.D. Power and Associates forecast U.S. light vehicle sales would fall to 13.2 million units in 2009 after likely settling at 13.6 million units this year, adding that a pronounced recovery is more than 18 months away.
As many as 3,800 U.S. car dealerships could fail this fall and into 2009 -- nearly one in five -- because of weak sales, increased operational costs and the credit crunch, according to a forecast released on Wednesday.
Actually, I'm seeing coworkers take advantage of this mini-Honda slump and are diving in buying Hondas. Several new Fits and Civics at work and one MiniVan. The only other new cars are 4-cylinder Camrys (very few) and a small number of other 4 bangers.
Barley
Nice summary, however I would predict 12.5 million US auto sales for 2009. Not only that, I predict most of the slump will be in the 'luxury segment.' I'm not expecting Honda Fit sales to get any worse.
So much for the BMW's, big trucks, and Infinity's.
Got Popcorn?
Neil
a Global Backstop to support prices.
?!?!
This is getting curiouser and curiouser every day.
Cracker
if my memmory serves me correctly, 87 was Russia Afganistan conflict? AM I right or am I right or am I right
If you mean the invasion, I think it was New Year's day, 1980 (leading to the US boycott of the 1980 Summer Olympics in Moscow).
Coulda SWORE there was a tradeble bottom a 100 points ago on S&P.
phew! glad I'm not the only one
Persecuted Comrade Anonymouse
Eventually you'll be right and well be wrong!
Anonymouse, good to hear from you.
I thought you were trapped under the rubble.
ot to take anything away from conjure but if you need a report to tell you what to do....then I'm afraid it's too late........for you.
I'm thinking that we might not get an open tomorrow.....
Bush on Tv tomorrow "well ya know columbus actually found 'merica earlier then what we say so we're gonna take that holiday earlier and have a ranch party with fannie and freddie.....I like those names...sounds like BBQ or sumthin"
Sorry I am enjoying a few libations of 30 year old rum this evening. I hope you are too...
Ciao
MS
mp - jeez... more diabolical????? is that possible... I suppose...
WW III, IV and V?
A Bush dictatorship?
another Quaeda attack?
now I am worried.
But still having popcorn...
Released excerpts from Bush speech:
I received an email from Nigeria. I have won $40B.
"I was a first hand witness to the nasdaq collapse of 2000-2001 and crap like this was totally absent. What is the difference??"
This is much MUCH worse.....
Ciao
MS
We are all Icelandic
All,
Just remember, a VIX @ 100 is just halfway to 200
The chickens have come home to roost and pecking on the fox. Hank your eyes are bleeding.
"if you need a report to tell you what to do...."
I don't, and you're making assumptions.
what effect do we expect to see from the Lehman CDSs settling tomorrow?
HOLY HONG KONG!!!!!!!!!!!!!
Down 8% on ope
"We are all Icelandic"
We are all subarctic now?
if my memmory serves me correctly, 87 was Russia Afganistan conflict? AM I right or am I right or am I right
If you mean the invasion, I think it was New Year's day, 1980 (leading to the US boycott of the 1980 Summer Olympics in Moscow
Invasion was Christmas Eve, 1978
Misean...
Event Horizon! I love it! No turning back, we're diving into the black hole..
Lunchtime in Tokyo. Lots of orders for raw fugu.
mal
Snarf... I'm glad that is only water on my couch!
Got Popcorn?
Neil
I thought conjure was a rapacious shemale.
Is that real? That's freakin eerie. To bad Bush doesn't have Wilson's insight, humility or balls.
Too bad Wilson did not have the courage of his convictions.
do you really think?
Yes.
1) We've had several years of above-trend sales funded by low interest rates, HELOCs, etc.
2) Cars last a pretty good while these days.
3) IIRC, there are more cars than drivers in the US.
If for some reason we saw gas prices rise significantly, it might spur somewhat higher sales... of small, lower margin vehicles built mostly overseas.
JMHO, YMMV, TINFA.
As Americans, I think we must give due diligence to any international agreement that leaves us with the bill.
I hope this is not a GLOBAL response, like the Iraq war was a GLOBAL response.
Pitchfork and torch time, once again, but now it will be the blue helmets after us.
MS,
"Sorry I am enjoying a few libations of 30 year old rum this evening. I hope you are too..."
Hate rum. Just Stoli. My Glod, I hate it when I'm right.
Gotta check the Glock now.
Nostrovia,
I received an email from Nigeria. I have won $40B.
Anonymous
Oh, thank God, Mr. President. We're saved. Can someone please page Laura to come get him...
"I don't, and you're making assumptions."
No I think you are....I said nothing about a report coming...you did.
Ciao
MS
Great now Misean is scaring me...so much for bong hits...
Ed S. writes:
Cracker
if my memmory serves me correctly, 87 was Russia Afganistan conflict? AM I right or am I right or am I right
If you mean the invasion, I think it was New Year's day, 1980 (leading to the US boycott of the 1980 Summer Olympics in Moscow).
No, back to the timeline....troop withdrawal...Russia pulled out in 88 or 89
sue writes:
We are all Icelandic
And I remember not so long ago were a different island nation, Japanese. Oh, how I fondly remember 3 months ago.....
I know i'm getting old when i dont understand online acronyms...
Good points VT. How is it up there? I'm heading to portsmith from soCal.
I've lost all love for the cold!
the car version of CR. economy and car articles. could be a hit somewhere?
Check out The Truth About Cars. Still mostly reviews, but they have death watches for GM, F, C.
here you go
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson, after signing the Federal Reserve into existence
dow futures down 239 at 10:20 EST
Invasion was Christmas Eve, 1978
Anonymous | 10.09.08 - 10:33 pm | #
Forces loyal to the Russian incapacitated the batteries from the nationalist Afghan battle tanks hours prior to the invasion.
Real tricky.
Cracker you are right,
the dotcom bust was pushed onto joe 6 pack ( u betcha!) by the banks so they were not hurt. Now they are hurt and squealing like pigs. I am terrified by the prospects of a real economic "event horizon" but I am stelled to ride it out on principle. No more spa sessions, no more multi million dollar bonuses, no more fake crap. I can make do with less, a lot less. Can they?
Bloomberg pegging S&P futures down 3.89% rite now... Irish Wild Rose next...
If for some reason we saw gas prices rise significantly, it might spur somewhat higher sales... of small, lower margin vehicles built mostly overseas.
I drive past the local Automobile Row on the way to work. The biggest Dodge dealership on the strip - occupying two lots on both sides of the street - appears to have closed, but reportedly has not. There is nothing in the lots any more except a sign that says See Our Indoor Showroom. Peering into the windows, I can see 2 or 3 trucks. It looks like a butcher shop from Soviet Russia, where they would have a single leg of lamb on display in the glass case.
That said, a Volvo dealership has just expanded and has red white and blue banners fluttering gaily.
Just Stoli. . . . .
Gotta check the Glock now.
Stoli and Glock don't go well together.
Try some cranberry.
Futures down 300...is tommorow the crash?
PS,
my gold order was filled at 6pm, so thanks for the 10% pop already!
I can make do with less, a lot less. Can they?
just keep them out of my sight grrrrrrrr.
Misean,
Feel the same way....playing dangerous hunts on the Wii and killing African cape bulls....
Event horizon, black swan...whatever,,, it may be here at the open tomorrow. Black Friday may be renamed forever as Oct 10th 2008.
Did anyone notice the volume of shares that traded right at 3:59-4pm? Someone puked.
Having popcorn.
Neil,
"Event Horizon! I love it! No turning back, we're diving into the black hole.."
Understand the Schendenfreud (however it is spelled)...but this ain't gonna be pretty.
Nostrovia,
what 30 yr old rum do you like/ i get the reserve MT GAY - it is only 15 yrs...
Anon,
Thanks for the correction. Knew it was a winter holiday
so how much of this movement is baby boomers calling their brokers or moving money in their 401ks?
I know a couple who were close to retirement and have moved it to cash / bonds / MM...
the evolutiuon of this bust is in my prime business years...
I see this bust as opportunity everywhere...
I have no fear of the market crashing.
Yankee writes:
here you go
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson, after signing the Federal Reserve into existence
So, let me guess. If Prez Wilson had vetoed it, they woulda done a Lincoln on him, or, what is currently known as a Kennedy
Soviet Army invaded Afghanistan December 24, 1979.
I find it curious we only have 400 viewers...most of the time when the world ends we have like 800.
Thus, I conclude, this isn't half as bad as it seems.
This is f******ing disaster. A complete disaster.
Back to my bottle. Sh&&&&&&&t
Just Stoli. . . . .
Gotta check the Glock now.
Stoli and Glock don't go well together.
Try some cranberry.
sportsfan
I mix that with the stoli.
Nostrovia,
This administration loves to play the fear factor game. Paulson's job is to unload stinking trash on the taxpayers frontyards. If they were serious about fixing the economy the first thing would be to 1. raise interest rates for savings/checking accounts. 2.increase wages to living wages and people will be able to pay their debt. 3. Claim victory in Iraq and pull out. 4. Balance the budget. 5. Reinstitute banking regulations and Glass Steagall Act. Remove head assclowns from government & financial sector, strip them of all wealth, dress them in orange jumpsuits, toss them behind bars, throw away the keys.
All above steps will create confidence in the markets and banks. Until then fraud and chaos.
The S&P is down 30% in 15 days if you include the current futures as day #15. Please just hit 835 and end it!
"Point of no Return"- the pont at which it is best to continue to the end than to try and go back the way you came = Friday?
That said, a Volvo dealership has just expanded and has red white and blue banners fluttering gaily.
NYCO | 10.09.08 - 10:38 pm | #
- NY Times
Sweden: More Job Cuts at Volvo
By BLOOMBERG NEWS
Published: October 8, 2008
Volvo has tripled the number of planned job cuts to 6,000 positions, or 25 percent of its work force, citing a rapidly deteriorating auto market. The unstable economic environment has resulted in a very unpredictable situation, and the downturn in the global car industry is more drastic than expected, Stephen Odell, Volvos chief executive, said Wednesday in a statement. Earnings for this years second half at Volvo, a division of the Ford Motor Company, will be worse than in the first six months, Ford said last week, reversing a forecast for improvement. The Swedish unit had a pretax loss of $271 million in the first half of 2008.Volvo said the positions include regular employees and consultants. Volvo has 24,300 employees. The job cuts are part of a plan to lower expenses by 4 billion kronor ($562 million). Ford bought the car brand in March 1999.
Crap, I have to work tomorrow, I can't get ripped with you guys...It's no fun being a bartender with a hangover...
Persecuted Comrade Anonymouse writes:
All,
Just remember, a VIX @ 100 is just halfway to 200
Niederauer (NYSE) said the system could not handle VIX that high (size-liquidity)
Do they role play?
"Oh Señor debt, subordinate me"
I have become ... comfortably numb.
God bless Glenlivet.
"Did anyone notice the volume of shares that traded right at 3:59-4pm? Someone puked. "
Capitulation?
Drink em while you got em
Smoke em if you have em
Tomorrow is not gonna be pretty....
Unless we see the Rally Monkey
NYCO: Our car dealerships are still in the process of converting to small cities. Mazda just began construction on their new megalot within the last couple of weeks. I suppose they had it in the works for a while...but, man...horrible timing.
I'm planning to squat at the HUGE Lexus dealership in Newport Beach just as soon as the strivers stop HELOCing entry-level luxury cars.
So yeah im slow.....in the CSC club! Anyways going to finally go to the bank tomorrow and withdraw a significant amount of $$$$
Worried about that "bank holiday" more each day............
Oh snap out of it everyone. Gas prices are down and that's as good as a tax break.
god bless codeine
Kristina,
I feel your pain. I have about 30 minutes left until I have to go to bed (to get at 5am east coast!) but friday night is always open bar!
Unless we see the Rally Monkey
ChopperOne | 10.09.08 - 10:41 pm | #
we will: Bush
"So, let me guess. If Prez Wilson had vetoed it, they woulda done a Lincoln on him, or, what is currently known as a Kennedy"
ChopperOne
Andrew Jackson had at least two attempts made on his life. So proud and intent on warning the future generations was he that his tombstone is inscribed with the phrase
"I killed the bank!"
Forces loyal to the Russian incapacitated the batteries from the nationalist Afghan battle tanks hours prior to the invasion.
Yes. Not really an invasion, more an airlift seeing that there was already many Soviet troops in country.
Not only were tanks incapacitated but the Soviet troops were holding field maneuvers with the elites of the Afghan army. The Soviets gathered all their ammo and substituted blanks seeing that it was a training exercise. The Soviets captured them.
How is it up there?
Almost 70 today here by the lake. Leaves are pretty kickin' right now.
Dryfly, are you out there? What do think about car sales for the next two years?
All your bottoms are belong to us!
end of day volume came from mutual funds fulfilling redemptions. Niederhauer of NYSE thought so anyway. And thought it looked like bottoming. cf.Bloomberg
I will try to find you guys a pic of Neel Karshkari with his mullet, circa 1989.
In the meantime, you should know he has a post-it note inside each of his nostrils that reads:
"Gram lines only".
This man is a legend.
Bloomberg:
Asia stocks set for worst week on Record.
ChopperOne writes:
HOLY HONG KONG!!!!!!!!!!!!!
ROTFL.
Although as I watch the blood in Asia... I think its time for another Martini thread.
So I opened a Cabernet. Mellow night on the home front. (No work tomorrow, baby asleep.)
Got Popcorn?
Neil
"Oh Señor debt, subordinate me"
Uncle Billy Vs. Mt. Pelerin
Another keyboard ruined, LOL
[hat tip]
The 7 year portion of the curve approximates the bond contract. With much of the Treasury market in fail status, mortgage desks began hedging their detritus with the note contract. That began the cheapening process of the sector.
The Treasury delivered a body blow to the sector yesterday with the issuance of $40 billion of paper in that sector. When I spoke with a trader a little while ago the 7 year was now 100 basis points cheap to the wings of that butterfly.
Lacking balance sheet there are no firms or proprietary capability to step in and warehouse securities and the market sinks into a dysfunctional fetal position. That is the current state of the bond market.
Since I began this closing commentary piece for this day the stock market went over the edge with another very steep decline. I searched for a story or a rationale and I think that the rationale is in the credit markets.
North Korea has a cuter sense of timing than Tina Fey.
Neil - how is baby? talking and smiling yet?
Why am I getting the hango before the drinking? This can't be good and whointhehell gave Lefty my credit cards?
and based on current fundamentals, we got about 3 years till the dollar crisis...or tomorrow.
timelines are a tough bunch when you live in information.
Currently Smoking Cannabis--
I had Terence McKenna for a writing workshop on Maui (I lived on Maui when Terence was there also)-
Tom Robins was the other writer to participate.
Yea, a fellow traveler.
Comrade Kristina,
"Crap, I have to work tomorrow, I can't get ripped with you guys...It's no fun being a bartender with a hangover..."
When I tended bar I never had a hang over. Just vodka tonics and beer. Hang over? That ends when you quit.
Nostrovia,
I have no doubt that Dr. Evil Paulson had himself cloned and then this is what happened, i.e, The Kashkari Mutation!
Ha Misean, my poor tummy won't allow for that kind of carrying on. I also hate being away from my computer. The end of the World is more fun via candlestick charts and CR.
Spot wholesale gasoline closed @ $1.97. Add taxes and that's, what, $2.30's, $2.40's? I'm seeing $1.00 more than that in Central FL where we usually have cheaper gas (I don't buy the stuff). Are these gas stations the only profitable businesses now?
Peak Vt-
Here is CT some are turning - I think peak will be in 2 weeks. Nice! Crisp air! I love this seaso
North korea said they had restarted thier nuclear reactor today. Finally the US was too busy to notice. the North Korean missles cannot reach California, so we should tell Japan "you buy them off!"
we will: Bush
AIG's toes | 10.09.08 - 10:42 pm | #
Dang it, I forgot about Chimp-in-Chief
Okay then, how about unless we hear from Sebastia
Here is CT some are turning - I think peak will be in 2 weeks. Nice! Crisp air! I love this season
Yankee
i grew up there, outside of norwich. I love the season!
VT you're way up there for that kind of temp. global warming?
I sure felt stupid taking all that cash out the bank two weeks ago. The words 'bank holiday' are what did the trick.
Folks,
Have a stiff drink, then sit down and read Roubini's alert tonight. Among other things, he's calling for another round of rate cuts immediately, to 0% here in the US. He ends with
At this point anything short of these radical and coordinated actions may lead to a market crash, a global systemic financial meltdown and to a global depression. The time to act is now as all the policy officials of the world are meeting this weekend in Washington at the IMF and World Bank annual meetings.
Comrade Kristina writes:
still - you need to up your constitutio
Subcommander Doom: This calls for an OT introduction to McKenna.
YouTube - Terence Mckenna - Culture is your operating system
Take a break, good people, and meet a great mind.
We're all in the Donner Party now.
Relax and enjoy.
-GSD
NYCO: Our car dealerships are still in the process of converting to small cities.
I've heard that the Japanese manufacturers require a minimum of 10 acres for a new lot and want 12 to 15.
Whatever for?
Storage of the unsold inventory?
Dumb question: Would anyone dare be long tomorrow on the close before the weekend?
roubini is sounding bullish by the minute....
geuss he wont be selling any information in the future.
1.5% vs 0%? =
"is this a game or is it real"
"what is the difference?"
Wargames
someone call!
Manana 10/11/08
i think that was a nostradamus number.
new birth...
boooyaaahhhahahhahahha
grew up there, outside of norwich.
Nades - the whole state really is nice. I don't know where you are now. Thinking people - come back to CT!