By: flickjm
21/09/2008
12:02 pm Yahoo! Profile:
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Hmmmm Bank of China has taken a stake in LCF Rothschild:
http://business.timesonline.co.uk/tol/business/ind ustry_sectors/banking_and_finance/article4783449.e ce
http://www.iht.com/articles/ap/2008/09/18/asia/AS- China-Bank-of-China-Rothschild.php |
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By: flickjm
20/09/2008
11:47 am Yahoo! Profile:
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Nothing has changed much Legsio - other than to give the market a little more clarity perhaps (some may argue it was given a shine which it will loose once more).
For eg - This is just one area of the market struggling and again the US Govt had to step into to bolster the teetering $3Trill Money Market Mutual Fund Industry :
http://www.reuters.com/article/rbssFinancialServic esAndRealEstateNews/idUSN1940859820080920US Money Market Fund "The Reserve" has sought regulatory r
elief to halt redemptions as investors rushed to withdraw their money............
It was the first time in 14 years a U.S. money-market fund had fallen to below $1 a share, known commonly as "breaking the buck". These funds are regarded as super-safe vehicles and are supposed to maintain their $1 a share par value.
http://www.bloomberg.com/apps/news?pid=20601087&si d=ajCjBX3zUQRw&refer=home
Money-Market Funds Get $50 Billion Backstop From U.S. (Update2) |
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By: chris_1982_h
20/09/2008
10:58 am Yahoo! Profile:
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http://www.bloomberg.com/apps/news?pid=20601087&si d=ab0U6Gr4nAfM&refer=home
Try this one legs, the ban on shorting has halted the slide, but people wouldn't be buying just because they can't short.
Also, shorting doesn't kill banks/companies, their bad investments do. Shorting just lowers the share price. Take BNB for example, just because their share price is sub-$1, doesn't change their day to day business at all. It's their highly leveraged, cross collatorized structure that threatens their business. |
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By: legsio
20/09/2008
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Now that short sellers are not allowed to touch fin's I see this as the only reason the market is bouncing.
Surely this tells ppl the market has been playing the rules and SCARE MONGERING was driving the market down.
NOTHING has changed EXCEPT the rules!!! Has it? |
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By: flickjm
19/09/2008
10:11 pm |
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By: reynard2008@y7mail.com
19/09/2008
3:53 pm Yahoo! Profile:
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For fifth day in a row the Reserve Bank has pumped billions of dollars into the Australian financial markets in an effort to keep the system liquid and cash rates low.
The bank did $1.926 billion in repos of bills, $40 billion of repos in asset backed paper (which has been rare) and $60 million of residential mortgage based securities (for the fourth time this week). The total was just over $2 billion for a system deficit of $1.050 billion.
However, there was another interesting deal. The bank did a foreign exchange swaps of $1 billion which took out money, taking the total amount to more than $2 billion and over $12 billion this week. The RBA did this swap to inject more US dollars into the system. The Australian dollars taken out were re-injected into the domestic market via the repurchase arrangements this morning. It was similar to what the Fed did overnight with other banks and itself, but the RBA did the deal from its own resources.
bloody hell |
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By: flickjm
19/09/2008
1:26 pm |
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By: reynard2008@y7mail.com
19/09/2008
12:36 pm Yahoo! Profile:
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| HSBC have become the world's biggest bank by mjarket cap |
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By: flickjm
19/09/2008
12:34 pm Yahoo! Profile:
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| HSBC have pulled out of their deal to buy the Korean Exchange Bank - so are they in the hunt for Morgan Stanley now? |
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By: flickjm
19/09/2008
12:17 pm |
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By: felictyjmahoney
19/09/2008
12:16 pm |
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By: flickjm
19/09/2008
12:14 pm |
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By: hgry1
19/09/2008
11:46 am |
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By: reynard2008@y7mail.com
19/09/2008
9:19 am Yahoo! Profile:
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| yes - more of the same from the US - they seem to have run out of ideas - they've also thrown another truckload of cash at the problem and that has worked well so far! |
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By: flickjm
19/09/2008
8:57 am |
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By: flickjm
19/09/2008
8:54 am |
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By: reynard2008@y7mail.com
19/09/2008
8:31 am Yahoo! Profile:
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| market jumps 400 points (or more) on rumours - nothing concrete - this really is a fragile market |
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By: flickjm
19/09/2008
8:27 am |
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By: flickjm
19/09/2008
8:26 am |
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By: perceptions_now
19/09/2008
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flickjm,
Yes, the graph provides some perspectives and that is only a brief snapshot.
I see the volatility continued overnight.
Where to tonight?
Volatility will continue, for now, that is for sure.
However, Supply & Demand economics make it clear that the trend will be down overall.
Therefore the overall economic climate will continue to decline.
I suspect that October & November will prove particularly difficult, given political overtones. |
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By: flickjm
18/09/2008
11:39 pm |
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By: chris_1982_h
18/09/2008
11:28 pm |
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By: flickjm
18/09/2008
11:26 pm Yahoo! Profile:
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Well Morgan Stanley don't think they will make it unless they merge and that is the name of the game atm - consolidation........
http://ftalphaville.ft.com/blog/2008/09/18/16082/t he-run-on-morgan-stanley/
"We need a merger partner or we're not going to make it," Mr. Mack told Mr. Pandit, according to two people briefed on the talks. Mr. Pandit, a former senior investment banker at Morgan Stanley, said Citigroup was not interested. |
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By: chris_1982_h
18/09/2008
11:23 pm Yahoo! Profile:
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By: ozze_dollar
Today (4:08 pm)
Re:Banks Going BAD (PREVIEW)
All the shares in the banks are still held by someone.The only difference is the winners and the losers hahaha
************************* ***********************
Hows the winners who bought BNB at $30 feeling now ozze? I guess like you're feeling after buying MQG at $80 |
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By: perceptions_now
18/09/2008
11:22 pm Yahoo! Profile:
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Flickjm, Anthony, Bruke, a cast of a few more and lets not forget you'all (Jim & a cast of thousands of Personas).
It's time for a little time out, we are off for a few days to sample some of the wines of South West WA.
Have a big end to the working week (for those still slaving away) and a great weekend!
Now, if the global financial markets completely blow up in the next few days, leave a message and I will get back to you, when I am next on the same planet.
Cheers! |
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