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HereWeGo
ParticipantAfter the bell Friday, CNBC queried a number of money managers who, in total, managed over 1 Trillion in assets.
The percentage that believed a bear market was upon us? 0%
ParticipantAs predicted, the Euros had decent gains on the day, saw the morning weakness in the Dow and ***BAM***, it’s sheet-changing time.
The Mexicans have stood tall throughout the morning, reinforcing the gains on Friday. My, my, is Brazil about to cede leadership in the Latin American market?
ParticipantAs predicted, the Euros had decent gains on the day, saw the morning weakness in the Dow and ***BAM***, it’s sheet-changing time.
The Mexicans have stood tall throughout the morning, reinforcing the gains on Friday. My, my, is Brazil about to cede leadership in the Latin American market?
ParticipantChina is still telling the rest of the financial world to hush its collective mouth.
The Shanghai Express blasted through its all time high and does not appear to be looking back.
How odd that the country that would most likely be adversly affected by “SUUUUUUBPRIIIIIME” is the country that seems least concerned by the issue.
US Futures are awfully strong to the upside, but that could certainly change once the Europeans resume their bedwetting ways.
ParticipantChina is still telling the rest of the financial world to hush its collective mouth.
The Shanghai Express blasted through its all time high and does not appear to be looking back.
How odd that the country that would most likely be adversly affected by “SUUUUUUBPRIIIIIME” is the country that seems least concerned by the issue.
US Futures are awfully strong to the upside, but that could certainly change once the Europeans resume their bedwetting ways.
ParticipantI’m not confused by the GDP report. It clearly indicates that the benefits of free trade and globalization outweigh the pain caused by the housing downturn.
An aggressive California lender had problems with some HELOCs? Gee, who knew? What’s the next terrifying revelation, that a Florida based condo builder is having trouble making ends meet?
Corporate profits are growing at 3x the expected rate for the quarter. Credit worthiness is generally determined by assets and income, although apparently CFC disagrees. Corporate balance sheets are flush with cash.
So why is corporate lending such an issue? Because many brain-dead experts, egged on perhaps by the bear paranoia that seems to permeate the web, can’t seem to differentiate between loaning 600K to purchase a depreciating asset to an individual with a BK, an overstated income, and low prospects of rapid wage increase, and lending to a corporation whose income is rising at 10%+/year, with billions in cash on the books (nevermind the assets and equity.)
It’s just astoundingly stupid.
ParticipantI’m not confused by the GDP report. It clearly indicates that the benefits of free trade and globalization outweigh the pain caused by the housing downturn.
An aggressive California lender had problems with some HELOCs? Gee, who knew? What’s the next terrifying revelation, that a Florida based condo builder is having trouble making ends meet?
Corporate profits are growing at 3x the expected rate for the quarter. Credit worthiness is generally determined by assets and income, although apparently CFC disagrees. Corporate balance sheets are flush with cash.
So why is corporate lending such an issue? Because many brain-dead experts, egged on perhaps by the bear paranoia that seems to permeate the web, can’t seem to differentiate between loaning 600K to purchase a depreciating asset to an individual with a BK, an overstated income, and low prospects of rapid wage increase, and lending to a corporation whose income is rising at 10%+/year, with billions in cash on the books (nevermind the assets and equity.)
It’s just astoundingly stupid.
ParticipantChris-
The one aspect of this whole situation that really bothers the heck out of me is the complete and utter lack of leadership from any of the world markets. The only market that has not been absolutely tied at the apron strings to the NYSE, until today’s action in Mexico, is the much maligned Shanghai Exchange.The other markets have little to no exposure to “subprime” and yet they followed the lead of the NYSE like a pack of inbred poodles. When we needed someone, anyone, to stand up and say “Dumb Yanks”, no one had the cajones to do it.
Pathetic.
ParticipantChris-
The one aspect of this whole situation that really bothers the heck out of me is the complete and utter lack of leadership from any of the world markets. The only market that has not been absolutely tied at the apron strings to the NYSE, until today’s action in Mexico, is the much maligned Shanghai Exchange.The other markets have little to no exposure to “subprime” and yet they followed the lead of the NYSE like a pack of inbred poodles. When we needed someone, anyone, to stand up and say “Dumb Yanks”, no one had the cajones to do it.
Pathetic.
ParticipantChris-
How concerned are you at this point? Much like you, my back side is awfully red at this point.This is a slide that’s not based on an event, not based on a loss, not based on an economic downturn, it’s merely based on one word:
subprime
I swear, Europeans wet their undies every time that word is mentioned, even if they can’t explain the size of the subprime market or the losses in the subprime market, or why subprime lending issues are so radically differnt from corporate lending issues.
Amazing. GDP surprises to the upside, inflation surprises to the downside, the Treasury Secretary tells every one to calm down, and no effect. The one bright side is that the Mexicans actually decided to stop playing the role of lap dog to the NYSE and focused on their own market for the day (the Brazilians, to my regret, found the leash and collar too comforting to resist for the entire day.)
ParticipantChris-
How concerned are you at this point? Much like you, my back side is awfully red at this point.This is a slide that’s not based on an event, not based on a loss, not based on an economic downturn, it’s merely based on one word:
subprime
I swear, Europeans wet their undies every time that word is mentioned, even if they can’t explain the size of the subprime market or the losses in the subprime market, or why subprime lending issues are so radically differnt from corporate lending issues.
Amazing. GDP surprises to the upside, inflation surprises to the downside, the Treasury Secretary tells every one to calm down, and no effect. The one bright side is that the Mexicans actually decided to stop playing the role of lap dog to the NYSE and focused on their own market for the day (the Brazilians, to my regret, found the leash and collar too comforting to resist for the entire day.)
ParticipantWell, if it makes you feel any better drunkle, I was frozen with fear when the Cerebus info was released today, and could not bring myself to buy calls that, in retrospect, could have netted serious, serious one day gains.
Hope you didn’t short Apple either there cape. Golly, if the consumer is dead, how are all these companies racking up these gargantuan profits?
ParticipantWell, if it makes you feel any better drunkle, I was frozen with fear when the Cerebus info was released today, and could not bring myself to buy calls that, in retrospect, could have netted serious, serious one day gains.
Hope you didn’t short Apple either there cape. Golly, if the consumer is dead, how are all these companies racking up these gargantuan profits?
ParticipantThat certainly sounds like a profitable trade. The “eco-terrorists” will be a busy lot, no doubt.
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