Comments on: The Next Rally

By: K

Mon, 06 Oct 2008 03:52:55 +0000

sorry http://personal.fidelity.com/misc/framesets/iwarticle.shtml?pagename=IW080929govtrescue

By: K

Mon, 06 Oct 2008 03:52:19 +0000

This has some good info:
http://personal.fidelity.com/misc/frameset…80929govtrescue

By: K

Mon, 06 Oct 2008 03:42:24 +0000

oh am sure that will be AWESOME for the market. buy an asset for 10 times it’s value. YEEEEEEEEEEEEEA goldman is saved. everyone buy goldman now

By: Paul F

Paul F — Mon, 06 Oct 2008 03:30:12 +0000

Oh. Good. Paulson named a former Goldman VP to head the US’s asset purchases. F*ck me (I’m a US taxpayer).

http://www.reuters.com/article/businessNews/idUSTRE4950BS20081006?feedType=RSS&feedName=businessNews

By: Dblwyo

Dblwyo — Mon, 06 Oct 2008 01:49:17 +0000

towlie – well my official opinion about the economy is a matter of very public record running back months…just been waiting for reality to overcome perception and denial….earnings estimates are still on drugs but that’ll be changing…

if we get the wheels back on the wagon we’re still driving down a steep, icy mountain road headed for a sharp curve with no guard rail and big fall…I put our chances of making the curve at about 80%…but that leaves us on the down road

judging from the futures that may be a broader view

By: K

Mon, 06 Oct 2008 01:18:08 +0000

fed red cut def in the works. 1% here we come. someone has to move the next dead bear rally…

By: towelie

towelie — Mon, 06 Oct 2008 01:07:47 +0000

I agree Dblwyo, it seems everyone in the general public is talking about the economy and while most don’t fully understand the reasons or the depth of our problems, most know it is very bad. The last week or two is the first where I really noticed the general public had grasped that this problem is and will continue to hurt them.

I can only see a few things generating a small rally at this point:
1. FED rate cut
2. Bailout plan…oh wait.
3. A second bailout plan

I don’t see any of those happening within the next few weeks. Together with some ugly earnings and terrible economic data, this could get interesting.

By: Paul F

Paul F — Mon, 06 Oct 2008 00:57:43 +0000

K, so did I. Actually I thought their description for the problems was pretty accurate, although they seem a few days behind and didn’t mention the credit crunch or the bailout. They did make the point that without the CDOs and CDSs, the housing crash would have been easily manageable.

By: K

Mon, 06 Oct 2008 00:36:43 +0000

haha Paul mentioning the Delta force. I just watched 60 minutes

By: Paul F

Paul F — Mon, 06 Oct 2008 00:35:34 +0000

Dblwyo,

Right, but when the masses panic -> capitulation.

Here’s a question:
The PPT said that we have to help the banks because otherwise they would stop lending and nonbank corporations would suffer, which would hurt everyone. Well, the good news is, if the banks continue to refuse to lend, there is no longer any reason to prop them up. We gave the financial terrorists the ransom, but they haven’t yet released the hostages. Time to send in the Delta Force.