By: brukevlay
2/11/2008
7:12 pm Yahoo! Profile:
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Jacko,
Don't make any more enemys on this than I have or I'll get jealous. |
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By: jacko654
2/11/2008
6:03 pm Yahoo! Profile:
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Cohen - I dont have MAE - I thought you might have.
If the post i made about LYC was common knowledge to all and sundry - why would you post something so stupid?
As to my "gem picks"...sorry champ - not in this forum : ) ... but feel free to give us yours if you did so well. |
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By: brukevlay
2/11/2008
3:10 pm Yahoo! Profile:
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Wolf,
If you think Chuck has the right idea, maybe you should be trading donkeys instead of rams. |
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By: pol_pak
2/11/2008
2:19 pm Yahoo! Profile:
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Banks Alter Loan Terms to Head Off Foreclosures
http://www.nytimes.com/2008/11/01/business/01modif y.html?em
By VIKAS BAJAJ and ERIC DASH
Published: October 31, 2008
Even as political pressure builds in Washington for a sweeping program to help struggling homeowners, some banks are realizing that it may be good business to keep borrowers in their homes.
On Friday, JPMorgan Chase became the latest big bank to pledge to cut monthly payments, by lowering interest rates and temporarily reducing loan balances for as many as 400,000 homeowners. Early in October, Bank of America, which acquired the large lender Countrywide, announced a similar effort aimed at 400,000 borrowers as part of a settlement with state officials.
---end snippet, go read the article---- |
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By: meyecohen
2/11/2008
9:50 am Yahoo! Profile:
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| Why don't you lighten up Whacko Jacko. Thank you for telling me stuff about LYC that is common knowledge to all and sundry. I actually have stayed in the black through all of this turmoil and have a sense of humour. You can keep your MAE shares seeing you know so much about them. Why don't you post one of your gem picks for the next 3 months and lets all see what you REALLY know? Talk about dribble, sheesh! |
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By: perceptions_now
1/11/2008
3:18 pm Yahoo! Profile:
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Interesting US housing graphics -
http://www.nytimes.com/interactive/2008/10/28/busi ness/20080624_HOUSING_GRAPHIC.html
Close gaps |
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By: perceptions_now
1/11/2008
12:03 pm Yahoo! Profile:
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"Chuck said, 'Just the guy who won. So I gave him his two dollars back'
Chuck now works for Goldman Sachs"
wolfram,
Very Good!
You may be interested in the following -
Letter to the Bank
Dear Sirs,
In view of what seems to be happening internationally with banks at the moment, I was wondering if you could advise me correctly.
If one of my cheques is returned marked "insufficient funds," how do I know whether that refers to me, or to you? |
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By: perceptions_now
1/11/2008
11:51 am Yahoo! Profile:
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"Funds Going Bad"
flick,
Hedge Funds Hog Down Slopes ? |
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By: perceptions_now
1/11/2008
11:46 am Yahoo! Profile:
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Freedom Fails !!
Link -
http://www.fdic.gov/bank/individual/failed/freedom .html
close gaps |
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By: wolframtrader
1/11/2008
9:12 am Yahoo! Profile:
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By the close of day, economists were estimating the dollar bill's net worth at just under $270 million. "We couldn't be in a better situation right now," trader Patrick Kady said. "Unless of course it had been a euro." However, some financial advisers are warning against the rampant speculation the dollar has caused on Wall Street. Many have cautioned investors not to make rash decisions, such as liquidating all their low-risk government bonds in order to sniff the green paper bill for just a minute.
Â
"I bet it smells like rose petals," mutual funds specialist Ken Stoute said. "My friend's friend Tim Formato? He's on the board at Westminster Securities and he says he touched it. He said it was warm and soft and wonderful. He said he knows where it is now, and I can put in an option on seeing it tomorrow for only $85."
Â
Since the appearance of the dollar, the Dow has spiked an impressive 993 points—its largest gain ever. Initial numbers are showing the most sizable rises in technology stocks, a trend some are attributing to Microsoft's CFO Chris Liddell, who toured the trading floor Tuesday morning with the bill stuck to his left shoe.
Â
The overall projection for the market following the incident has been positive, with many analysts claiming that the $1 bill may be an indication of other spare change lying around. This, coupled with reports out of Europe that there is a German college student who has not yet hit her credit card limit this month, could be enough to stabilize the Dow and jump-start the global economy once again.
Â
"This is just another sign that the U.S. economy is as strong and resilient as it has ever been," said Richard Fuld Jr., former CEO of Lehman Brothers. "I'm just glad we finally have these credit and subprime mortgage loan crises behind us. This $1 bill will carry us through another 10 years of reckless, unregulated borrowing."
Â
Added Fuld, "Just for God's sake, don't invest it in the stock market." |
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By: wolframtrader
1/11/2008
9:11 am Yahoo! Profile:
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NEW YORK—Wall Street investors experienced a sudden surge in optimism Tuesday when, after six tumultuous weeks that saw record drops in the Dow Jones industrial average, a $1 bill was spotted on the floor of the New York Stock Exchange.
Â
The dollar bill was discovered in the northwest corner of the trading floor at approximately 12:05 p.m., and its condition was reported as "crinkled, but real." Word of the tangible denomination of U.S. currency spread quickly across the NYSE, sending traders into a frenzied rush of shouting, arm-flailing, hooting, hollering, and, according to eyewitnesses, at least one dog pile.
Â
"With credit frozen and the commercial paper market poised on the brink of collapse, this is the most promising development I've seen on Wall Street in months," said floor trader Tim Formato, one of hundreds who gathered around the $1 bill and excitedly called their clients to inform them that they were looking at actual U.S. tender. "I think I touched it."
Â
According to witnesses, the trading floor was soon abuzz with energy, as traders pointed at the dollar and repeatedly shouted "Look!" and "Money!" A proposal to divide the $1 note into 1,300 equal pieces and distribute them amongst investors was considered, but ultimately rejected. Early reports estimate the dollar may have passed through as many as 65 hands before disappearing in the late afternoon.
Â
The bill's absence, however, did not deter the growing enthusiasm from those on the trading floor. By 2:15 p.m., more than 60,000 shares had been purchased in the new publicly traded asset, DLR, after brokers placed a flurry of calls advising their investors to buy into the booming single-dollar market.
Â
By the close of day, economists were estimating the dollar bill's net worth at just under $270 million. "We couldn't be in a better situation right now," trader Patrick Kady said. "Unless of course it had been a euro." However, some financial advisers are warning against the rampan ... |
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By: wolframtrader
1/11/2008
3:56 am Yahoo! Profile:
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there is no new "paragigm".
every bust that follows a boom brings out of the woodwork irrelevant and previously ignored "experts" who now jump on a new topic and attack it with gusto to make a few bucks for themselves and boost their self importance.
just look at global warming...OOPS...can't call it that anymore...let's try CLIMATE CHANGE |
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By: wolframtrader
1/11/2008
3:49 am Yahoo! Profile:
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Young Chuck moved to Texas and bought a Donkey from a farmer for $100.
The farmer agreed to deliver the Donkey the next day.
The next day he drove up and said, 'Sorry son, but I have some bad News, the donkey died.'
Chuck replied, 'Well, then just give me my money back.'
The farmer said, 'Can't do that. I went and spent it already.'
Chuck said, 'Ok, then, just bring me the dead donkey.'
The farmer asked, 'What ya gonna do with him?
Chuck said, 'I'm going to raffle him off.'
The farmer said You can't raffle off a dead donkey!
Chuck said, 'Sure I can, watch me. I just won't tell anybody he's dead.'
A month later, the farmer met up with Chuck and asked, 'What happened with that dead donkey?'
Chuck said, 'I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998.
The farmer said, 'Didn't anyone complain?
Chuck said, 'Just the guy who won. So I gave him his two dollars back'
Chuck now works for Goldman Sachs |
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By: ecchi.gaijin
31/10/2008
5:46 pm Yahoo! Profile:
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| WBC posted a 12% profit increase from last year, SP is down ........div ratio must be looking pretty good |
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By: jacko654
31/10/2008
4:36 pm Yahoo! Profile:
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Why post dribble on stocks you demonstrably know fark all about? Why not bypass step 1 and stay broke?
LYC..You could have bought on Tuesday and been up near 50% already..or bought Wednesday and been up 35% - is that what you find funny?...that you were too stupid to do so? hahahaha ha ha ha ha...ya plonker.
Buy some MAE - bargain priced now - 18c - just for you. They could be 8c by next week..seems more your kind of share. |
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By: cohenmc
31/10/2008
4:13 pm Yahoo! Profile:
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About 6 months ago I was complaining about credit card rates. I was told, why dont you buy bank shares if you think they are making so much money, so I did. Good move.
Aaaaaaaagh........
So now I am starting a help group guys. 'Shares Anonymous' a 12 step program. 1st step....buy LYC, its a steal! hahahahahahahahaha!!!!!!! !!!! |
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By: todd.fatso
31/10/2008
1:06 pm Yahoo! Profile:
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Three firms -- Morgan Stanley, Merrill Lynch and Goldman Sachs -- will likely lead the pack in the distribution of bonues, having already set aside a combined $20 billion.
So much for not rewarding poor performance.
Defenders of the year-end bonuses claim that allocating extra cash prevents the loss of top talent to greener pastures. Some also point out that, while the bailout package limits CEO salaries, there's nothing restricting the payment of regular employees.
Where will top talent go if they don't get a bonus? Can you imagine the job interview?
"How much money did you make for Morgan Stanley in 2008, MS Applicant?"
"Well, I lost a combined $127M on sub-prime CDOs and Lehman Brothers CDSs".
"And why do you want to leave MS?"
"They didn't give me a bonus." |
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By: flickjm
30/10/2008
6:37 pm Yahoo! Profile:
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Maybe you should rename the thread "Funds Going Bad" Perception - watch what happens when the HF start dropping like flies.........and get forced to sell whatever they have left.
Take care and watch the debt! (trust you don't mind) LOL |
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By: perceptions_now
28/10/2008
12:05 am Yahoo! Profile:
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Not that it was noteworthy, given everything else, but another bank bit the dust on Friday -
Alpha Bank & Trust, Alpharetta, GA |
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By: going_up@ymail.com
26/10/2008
2:41 pm |
Message deleted. |
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By: going_up@ymail.com
26/10/2008
2:41 pm |
Message deleted. |
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By: perceptions_now
26/10/2008
1:55 pm Yahoo! Profile:
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We have stepped into the unknown, into a new paradigm and there is no going back!
There are those who say, if its not broken, why fix it!
Well, the current system is irreparably broken and if the status quo remains, then the global society will collapse.
In looking for some foresight into possible futures, we first need to get some background on how we got here and where here is?
This event had its origins in the population explosion (commonly referred to as the Baby boomer generation), which started as the Great Depression was ending.
With a few, relatively minor interruptions, the period 1945 to 2005 was the greatest Global economic BOOM in history.
In particular, the period 1995-2005 experienced massive growth, driven by the Peak earning and spending capacity of US & other Baby Boomer consumers.
In addition, around the same time, technology drove massive gains in productivity, leverage multiplied and interest rates in the US remained artificially low, for far too long, following the events of 9/11.
This was a perfect storm, for making money. |
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By: perceptions_now
26/10/2008
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Inevitably, GREED followed, sub-prime (NINJA) mortgages flowed, on the assumption that property values would continue to escalate, the party would go on forever and leverage went into orbit.
However, around 2005, the Baby Boomer BOOM broke and the Supply & Demand basics went into reverse, as did US & Global housing prices.
Also, around 2005, Murphys law also came to play, with Oil production Peaking and with demand exploding internationally, Oil prices burnt thru the roof.
So, we now see Supply & Demand constraints, the de-leveraging of markets, a Global population set to age, at first, then decrease over time and looming problems relevant to Climate Change and Food production.
And, with Debt levels already at historical highs and past fixes, either not able to be used or possibly set to cause more harm, than help, we really are between a Rock & a Hard place!
Now, the perfect storm has reappeared, this time it is a Cat 5 in financial demolition!
Where do we go from here? |
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By: perceptions_now
26/10/2008
1:55 pm Yahoo! Profile:
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The truth is, I do not have any magic wand solutions and nor does anyone else.
The truth is, there is no pot of gold at the end of the Kansas rainbow.
The truth is, things are going to be tough, for quite some time.
Had corrective decisions been made earlier, then it may have been possible to reduce some of the worst side effects, regrettably, that did not happen.
Regrettably, if we opt for a better now, then future generations will pay for our mistakes and indulgence.
That reasoning is not acceptable and can not succeed!
As we look to the future, we need to look thru different eyes, thru different thought processes.
The days of Smoke & Mirrors, of Shock & Awe, of the Desire to Acquire & Retain Power, of Self interest, at the expense of Societal interest, must end.
There is an overriding need for a change in human psychology, in order for humanity to have a future.
Can we make those changes, the answer is YES!
Will the required changes be made?
The answers will come on these boards and others, in other forums, in politics, in business and the answers will need to come quickly.
Good luck & watch the Debt! |
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By: perceptions_now
25/10/2008
1:38 pm Yahoo! Profile:
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"You don't like that but it does happen.
Have a nice day you all"
Very good, Jim!
It's actually fairly close to the industry that I have spent 40 years in.
The insurance industry is built on two words -
SH!T HAPPENS!
And so, as last night was not as nasty, as it could have been, Youall have a nice day too. |
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