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HereWeGo
Participantpr-
They aren’t responsible for inflating markets, but they are responsible for financial stability.The two moves this morning, stating that the discount window is always open and then buying $19 billion worth of MBS, those were two very nice moves, even better if the MBS securities are subprime/Alt-A.
The ECB has injected almost 200 Billion Euros the last couple of days. It’s about time the Fed awakened from its slumber and started to pull its weight.
HereWeGo
Participantpr-
They aren’t responsible for inflating markets, but they are responsible for financial stability.The two moves this morning, stating that the discount window is always open and then buying $19 billion worth of MBS, those were two very nice moves, even better if the MBS securities are subprime/Alt-A.
The ECB has injected almost 200 Billion Euros the last couple of days. It’s about time the Fed awakened from its slumber and started to pull its weight.
HereWeGo
Participantpr-
They aren’t responsible for inflating markets, but they are responsible for financial stability.The two moves this morning, stating that the discount window is always open and then buying $19 billion worth of MBS, those were two very nice moves, even better if the MBS securities are subprime/Alt-A.
The ECB has injected almost 200 Billion Euros the last couple of days. It’s about time the Fed awakened from its slumber and started to pull its weight.
August 10, 2007 at 8:29 AM in reply to: Bush addresses the nation on the economy and the stock market tanks. Irony #72697HereWeGo
ParticipantI agree, carl. It’s almost better if he just lets Paulson do the talking.
August 10, 2007 at 8:29 AM in reply to: Bush addresses the nation on the economy and the stock market tanks. Irony #72817HereWeGo
ParticipantI agree, carl. It’s almost better if he just lets Paulson do the talking.
August 10, 2007 at 8:29 AM in reply to: Bush addresses the nation on the economy and the stock market tanks. Irony #72824HereWeGo
ParticipantI agree, carl. It’s almost better if he just lets Paulson do the talking.
HereWeGo
ParticipantIt looks like a typical 10-Q statement of fairly obvious risks. Last Friday, as the secondary market started to collapse, everyone understood that the forward earnings of lenders could take a hit. Don’t get me wrong, no way would I be long CFC at this point, but there are 45 million shorts shares against CFC, if any of those hedge funds struggle, they will cover their shorts and push up CFC. Be careful, this is a really weird time – note the ludicrous gain of many weak stocks across the board due to short covering on a 400 pt down day.
anx-
If asset classes are deflating, that increases the value of the dollar, for the near term, at least.HereWeGo
ParticipantIt looks like a typical 10-Q statement of fairly obvious risks. Last Friday, as the secondary market started to collapse, everyone understood that the forward earnings of lenders could take a hit. Don’t get me wrong, no way would I be long CFC at this point, but there are 45 million shorts shares against CFC, if any of those hedge funds struggle, they will cover their shorts and push up CFC. Be careful, this is a really weird time – note the ludicrous gain of many weak stocks across the board due to short covering on a 400 pt down day.
anx-
If asset classes are deflating, that increases the value of the dollar, for the near term, at least.HereWeGo
ParticipantIt looks like a typical 10-Q statement of fairly obvious risks. Last Friday, as the secondary market started to collapse, everyone understood that the forward earnings of lenders could take a hit. Don’t get me wrong, no way would I be long CFC at this point, but there are 45 million shorts shares against CFC, if any of those hedge funds struggle, they will cover their shorts and push up CFC. Be careful, this is a really weird time – note the ludicrous gain of many weak stocks across the board due to short covering on a 400 pt down day.
anx-
If asset classes are deflating, that increases the value of the dollar, for the near term, at least.HereWeGo
ParticipantThis really isn’t news, and I sure as heck wouldn’t buy gold at this point. The troubled hedge funds are liquidating across the board, there’s no safe haven in precious metals.
HereWeGo
ParticipantThis really isn’t news, and I sure as heck wouldn’t buy gold at this point. The troubled hedge funds are liquidating across the board, there’s no safe haven in precious metals.
HereWeGo
ParticipantThis really isn’t news, and I sure as heck wouldn’t buy gold at this point. The troubled hedge funds are liquidating across the board, there’s no safe haven in precious metals.
HereWeGo
ParticipantI think there’s at least one more day of pain, Chris, but perhaps thereafter the Fedbeats will be moved to actually do their job.
HereWeGo
ParticipantI think there’s at least one more day of pain, Chris, but perhaps thereafter the Fedbeats will be moved to actually do their job.
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