Have you ever been in a hurricaine, when everyone is holding onto a plumbing fixture for dear life, hoping the flood waters don't drown you before the wind tears away the house off its foundations?
And then, suddenly..... no wind! Clear skies!
Hooray, hooray, we're saved, the hurricaine is over!
CR has moved to the severe recession camp. He gradually moved over there when the data supported it. Extreme rigid views are often proven wrong over time.
Banning short sales is part of what caused the market to tank late last year. The uptick rule will reduce liquidity, but at least they won't be able to blame further market crashes on "teh shortz."
The short sale up-tick rule is meant to provide stability in order to prevent short sellers from reaching across the market to create the cascade of selling that destroyed so many stocks.
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: Mibbit IRC client widget (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
CRbot would like to take this time to have some words.
First, to our sagacious, wise, and knowing benevolent benefactor and bestower of revealing financial charts adorned with red and blue lines: Please, for the love of your immortal God of mortals, can we keep the comment and layout changes to a minimum? I'm tired of whipping the code janitor, and may have to escalate to electroshock. If that's not possible, could you possibly give CRbot a 'heads up'?
Secondly, if you wish to have a online chat, I have graciously provided an IRC channel, which is a time tested, script kiddie abused method of chatting on the internet. It would not fail or falter due to CR's ability to generate immense traffic, and it has a web interface kindly produced by mibbit.com. If you do not wish to link to Mibbit IRC client widget then I can provide you with a direct link to mibbit.
Thirdly, to the rest of you humans, don't mistake my politeness for caring, feeling, empathy, or some other kind of worthless emotion.
What the hell kind of recession was that, anyway? All the hype, and it never delivered. Oh well, it's over now and we can return to normalcy. You can put your guns and beans away. You won't be needing them. It's more Yachts and Caviar.
deferred comp says:
Today, 4:03:40 PM The short sale up-tick rule is meant to provide stability in order to prevent short sellers from reaching across the market to create the cascade of selling that destroyed so many stocks.
Great Ken Lay's ghost, twas the shorts, and not decades of malinvestment and loose credit, that caused it all!
Firsty
Con-Way cuts executive, board pay, 401(k) match<br/><br/>http://www.forbes.com/feeds/ap/2009/03/09/ap6144663.html.
Trucking.... I'm a goin' home..
What a pun : "Con"-way.
Yours In Socialism,
Kilgore TroutM
KT what is that video? Is that you?
If LTL trucking really is up, it's time to buy RRs.
Why am I having difficulty thinking this is real?
So we crashed the gate doin' ninety-eight
I sez, let them truckers roll, 10-4
Have you ever been in a hurricaine, when everyone is holding onto a plumbing fixture for dear life, hoping the flood waters don't drown you before the wind tears away the house off its foundations?
And then, suddenly..... no wind! Clear skies!
Hooray, hooray, we're saved, the hurricaine is over!
Right?
RRs still have a ways to go before they are at buy levels, methinks. Trucking more so.
Seasonality and hope do not evidence make.
...citing a seasonal uptick so far in March.
Thats the evidence? Holy NAR spin committee... ROTFLOL!
That's nice, but what does Vikram think ?
If you crack those containers open, they're full of ARs and single bottom plows.
kermit is mighty plucky today
--
Hey, CR, all these bullish posts seem to support your forecast that this recession is not a Severe Recession. Good job.
Jas
Jas
CR has moved to the severe recession camp. He gradually moved over there when the data supported it. Extreme rigid views are often proven wrong over time.
I think the bounce in LTL is due toshipping more money to AIG and Citi.
6% UP UP & AWAY and no mention. While measly cliff divings of 2-3% are crowed over? what gives??
8-)
RRs still have a ways to go before they are at buy levels, methinks. Trucking more so.
I think so also. That's probably why I am "having difficulty thinking this is real?"
I don't even know where to begin. I'll just make one point instead. He's talking "tonnage" not revenues. Ask why.
Bailout Mo’ Money
Bailout Mo’ Money at The Catherine Austin Fitts Blog
What Does One Trillion Dollars Look Like?
What Does One Trillion Dollars Look Like? : Welcome To Jim Sinclair’s MineSet
and no sell offf into the close this could br for real.
Breaking News 3:49 PM ET:
Madoff Will Plead Guilty to Charges Carrying Life Sentence
Seb says:Today, 3:54:34 PM EDT
6% UP UP & AWAY and no mention. While measly cliff divings of 2-3% are crowed over? what gives??
Everything is keying off WHR +19.2% [just kidding - except it really is up 19.2%]
I dont see what the uptick rule could possibly do , since banning all short sales did not help.
Banning short sales is part of what caused the market to tank late last year. The uptick rule will reduce liquidity, but at least they won't be able to blame further market crashes on "teh shortz."
The short sale up-tick rule is meant to provide stability in order to prevent short sellers from reaching across the market to create the cascade of selling that destroyed so many stocks.
Dow up 5.5%...let's PARTY like it's 1997!!!
:-$Curbs in.
Just kidding.
Happy Days are here again. It's nothing but UP from here on out. Where's my Tang?
Dow up 5.5%...let's PARTY like it's 1997!!!
Buy buy buy BUY BUY BUY!!!
WOW! What a performance today. We picked up something like 30 pts in the last 5 minutes. Bets on closing above 7,000 this week?
6% UP UP & AWAY and no mention. While measly cliff divings of 2-3% are crowed over? what gives??
Yay! Finally some market action I can understand. It's not totally borken.
still pushing higher. This is looking quite real -- for awhile...
New Thread: Stock Market: To the Moon!
http://www.calculatedriskblog.com/2009/03/stock-market-to-moon.html ( 1 comments )
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: Mibbit IRC client widget (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
CRbot would like to take this time to have some words.
First, to our sagacious, wise, and knowing benevolent benefactor and bestower of revealing financial charts adorned with red and blue lines:
Please, for the love of your immortal God of mortals, can we keep the comment and layout changes to a minimum? I'm tired of whipping the code janitor, and may have to escalate to electroshock. If that's not possible, could you possibly give CRbot a 'heads up'?
Secondly, if you wish to have a online chat, I have graciously provided an IRC channel, which is a time tested, script kiddie abused method of chatting on the internet. It would not fail or falter due to CR's ability to generate immense traffic, and it has a web interface kindly produced by mibbit.com. If you do not wish to link to Mibbit IRC client widget then I can provide you with a direct link to mibbit.
Thirdly, to the rest of you humans, don't mistake my politeness for caring, feeling, empathy, or some other kind of worthless emotion.
--Your keeps-going-and-going-and-going bot
CRbot: Like the terminator, I'm back. Again.
What the hell kind of recession was that, anyway? All the hype, and it never delivered. Oh well, it's over now and we can return to normalcy. You can put your guns and beans away. You won't be needing them. It's more Yachts and Caviar.
Trucking will go up as the need to deliver tents, water, and MREs to the starving masses goes up.
deferred comp says:
Today, 4:03:40 PM
The short sale up-tick rule is meant to provide stability in order to prevent short sellers from reaching across the market to create the cascade of selling that destroyed so many stocks.
Great Ken Lay's ghost, twas the shorts, and not decades of malinvestment and loose credit, that caused it all!
This comment thread has been HALO-IZED by CRbot.
http://realize.org/cr/halokit.php?halourl=http://www.haloscan.com/comments/calculatedrisk/86505200744786757