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09-17-2008, 12:12 PM
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#51 (permalink)
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 Mark Dantonio
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GS -25% BUT could that be because they are the known KINGS of naked shorting?
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Quote:
Originally Posted by Bob Sakimano
I need practical application, dude.. I don't need a book..
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09-17-2008, 12:17 PM
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#52 (permalink)
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I'm showing Morgan Stanley down 35%. Investment banking / broker dealers are toast.
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"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
www.usdebtclock.org
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09-17-2008, 12:25 PM
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#53 (permalink)
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Mark Dantonio
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Quote:
Originally Posted by ChicagoMark
I'm showing Morgan Stanley down 35%. Investment banking / broker dealers are toast.
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Like I said... they are the king and queen of naked short selling... institutions are dumping like wildfire obviously maybe they know about how many illegal positions GS and MS are going to have to cover at a serious loss?
__________________
Quote:
Originally Posted by Bob Sakimano
I need practical application, dude.. I don't need a book..
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09-17-2008, 12:58 PM
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#54 (permalink)
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Mark Dantonio
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Quote:
Originally Posted by Negotiator
Right, I knew that much, I guess I'm just missing how this leads to a greater impact. Naked shorting was illegal before. Now it's more illegal? I guess I'm just skeptical as to how important a change this is.
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Well... if the true scale of the fraud is exposed... 
Just found this... It will take an hour but explains it all quite well.
Darkside of the Looking Glass (full)
__________________
Quote:
Originally Posted by Bob Sakimano
I need practical application, dude.. I don't need a book..
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09-17-2008, 12:59 PM
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#55 (permalink)
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1,000+ posts
Join Date: Nov 2001
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Gold is up big while the $USD hasn't moved.
3 month money now returns .0014%. Can it go to zero?
__________________
"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
www.usdebtclock.org
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09-17-2008, 01:00 PM
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#56 (permalink)
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 Site Administrator
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Location: East Lansing, MI
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#50 Derrick Nix
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Incidentally, I think this is a great idea for a thread...but also think this was a fantastic week to start it. 
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09-17-2008, 01:10 PM
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#57 (permalink)
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Walk-On
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Mark Dantonio
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Quote:
Originally Posted by Trevor Barnes
Incidentally, I think this is a great idea for a thread...but also think this was a fantastic week to start it. |
 So much happening gives us something to talk about. An average week in a bull market and there wouldn't be much to be said.
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09-17-2008, 01:12 PM
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#58 (permalink)
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Mark Hollis
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Eventually we might even want to go with an Eppley Center or Broad School forum, at least if we're in for the year that some think we are.
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Quote:
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Originally Posted by Stats
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Quote:
Originally Posted by Negotiator
Hit a Badger in the face this morning at MSU's JD vs. MBA dodgeball game. Called him a flopper. Been a good day.
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09-17-2008, 01:15 PM
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#59 (permalink)
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Mark Dantonio
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Quote:
Originally Posted by Negotiator
Eventually we might even want to go with an Eppley Center or Broad School forum, at least if we're in for the year that some think we are.
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There is money to be made in up, down and even stagnant times. I would not assume I will quit yapping if the volatility wanes. 
Might want to start a board called: Tips for Hard times and include links to this:
Frugal Recipes and Low Cost Meals | Hillbilly Housewife
Just kidding.
__________________
Quote:
Originally Posted by Bob Sakimano
I need practical application, dude.. I don't need a book..
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09-17-2008, 01:22 PM
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#60 (permalink)
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Walk-On
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#8 Kirk Cousins
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[quote=ChicagoMark;5075719]Gold is up big while the $USD hasn't moved.
3 month money now returns .0014%. Can it go to zero?[/quote]
Is zero better than negative money markets?
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09-17-2008, 01:36 PM
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#61 (permalink)
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The TED spread is now 2.98 % (3 month LIBOR or 3.07 minus 3 month t-bill of .09) This ratio is like 34!!! Has the TED spread ever been 34 times? I doubt it.
I'm hearing the TED spread is the highest since the crash of 1987.
To answer tj above -- yes, zero is better than negative. If your money market fund is negative get your cash out and put under you mattress, it is safer.
__________________
"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
www.usdebtclock.org
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09-17-2008, 01:57 PM
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#62 (permalink)
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#23 Javon Ringer
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What's ultimately scary to me about this market is the massive problem a full fledged panic could cause. Here's a hint of it:
Reserve Primary Fund: Investors May Lose - New Money (usnews.com)
If money market funds may not be safe, what is?
If Joe Blow watches the 6 o'clock news and starts getting spooked about his funds in his 401K then shifts his assets to safer options how are the financial companies that already having massive liquidity problems going to handle the rush to the exits?
It's a doomsday scenario.
In further news, I'm getting killed by holding GE which is trading like a financial stock (a big chunk of it is) instead of an industrial. Also, Dell picks the worst week of worst weeks to announce they are seeing softening in business tech spending (no ****! but why let that soundbite out this week!!!!!)
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09-17-2008, 02:16 PM
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#63 (permalink)
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#8 Kirk Cousins
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Quote:
Originally Posted by Grtfmsu
What's ultimately scary to me about this market is the massive problem a full fledged panic could cause. Here's a hint of it:
Reserve Primary Fund: Investors May Lose - New Money (usnews.com)
If money market funds may not be safe, what is?
If Joe Blow watches the 6 o'clock news and starts getting spooked about his funds in his 401K then shifts his assets to safer options how are the financial companies that already having massive liquidity problems going to handle the rush to the exits?
It's a doomsday scenario.
In further news, I'm getting killed by holding GE which is trading like a financial stock (a big chunk of it is) instead of an industrial. Also, Dell picks the worst week of worst weeks to announce they are seeing softening in business tech spending (no ****! but why let that soundbite out this week!!!!!) |
CDs are paying better and they are the same as treasuries, both are backed by the U.S.
Problem is most 401k's only offer a mmkt, a bond portfolio and stock funds.
GE is a financial GE Capitol is pulling it down.
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09-17-2008, 02:18 PM
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#64 (permalink)
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#8 Kirk Cousins
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With money markets going down also is there anything safe?
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09-17-2008, 02:22 PM
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#65 (permalink)
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#8 Kirk Cousins
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Toolman was telling me to look at a fixed annuity for some of my cash. Is that a good idea. He said a certain part should be fixed for a floor with some slightly more agressive stuff for some higher returns if I have the stomach for the risk. (What is slightly more risky anymore?)
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09-17-2008, 02:22 PM
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#66 (permalink)
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Walk-On
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#8 Kirk Cousins
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Quote:
Originally Posted by spacemaker2
With money markets going down also is there anything safe?
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Again - CDs are paying better treasuries and both are backed by the full faith of the U.S.
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09-17-2008, 02:24 PM
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#67 (permalink)
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Walk-On
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#8 Kirk Cousins
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Quote:
Originally Posted by spacemaker2
Toolman was telling me to look at a fixed annuity for some of my cash. Is that a good idea. He said a certain part should be fixed for a floor with some slightly more agressive stuff for some higher returns if I have the stomach for the risk. (What is slightly more risky anymore?)
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Fixed Annuities are backed by the insurer. careful
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09-17-2008, 02:45 PM
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#68 (permalink)
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Mark Dantonio
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GE is partially getting hammered because it is the parent of CNBC... They are heavily involved with rumormongering that assists the hedgies naked short selling... Just a hunch on why GS and GE are both under attack... only PART of the reason for GE.
__________________
Quote:
Originally Posted by Bob Sakimano
I need practical application, dude.. I don't need a book..
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09-17-2008, 02:55 PM
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#69 (permalink)
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Walk-On
 5,000+ posts
Join Date: May 2003
Location: Sandy Springs, GA
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Quote:
Originally Posted by spacemaker2
With money markets going down also is there anything safe?
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Yes, your 401K. You aren't going to touch that for at least 30 years.
__________________
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"I guess if a person never quit when the going got tough, they wouldn't have anything to regret for the rest of their life. Well, good luck to you Peter. I am sure this decision won't haunt you for the rest of your life."
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09-17-2008, 02:56 PM
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#70 (permalink)
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Walk-On
5,000+ posts
Join Date: May 2003
Location: Sandy Springs, GA
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Quote:
Originally Posted by Grtfmsu
What's ultimately scary to me about this market is the massive problem a full fledged panic could cause. Here's a hint of it:
Reserve Primary Fund: Investors May Lose - New Money (usnews.com)
If money market funds may not be safe, what is?
If Joe Blow watches the 6 o'clock news and starts getting spooked about his funds in his 401K then shifts his assets to safer options how are the financial companies that already having massive liquidity problems going to handle the rush to the exits?
It's a doomsday scenario.
In further news, I'm getting killed by holding GE which is trading like a financial stock (a big chunk of it is) instead of an industrial. Also, Dell picks the worst week of worst weeks to announce they are seeing softening in business tech spending (no ****! but why let that soundbite out this week!!!!!) |
Not to mention Joe Blow is kinda dumb if he does that.
__________________
Quote:
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"I guess if a person never quit when the going got tough, they wouldn't have anything to regret for the rest of their life. Well, good luck to you Peter. I am sure this decision won't haunt you for the rest of your life."
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09-17-2008, 02:59 PM
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#71 (permalink)
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Site Moderator
Join Date: Nov 2003
Location: East Lansing
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Mark Hollis
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Hit my stop loss on SKF, took my 20% and ran. Maybe back in if there's a short rally thanks to the new SEC rules.
__________________
I have blind faith in the beyond-creepy ability of the RCMB to find out just about anything regarding Spartan athletics.
Quote:
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Originally Posted by Stats
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Quote:
Originally Posted by Negotiator
Hit a Badger in the face this morning at MSU's JD vs. MBA dodgeball game. Called him a flopper. Been a good day.
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09-17-2008, 03:05 PM
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#72 (permalink)
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10,000+ posts
Join Date: Sep 2004
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Mark Dantonio
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Quote:
Originally Posted by Negotiator
Hit my stop loss on SKF, took my 20% and ran. Maybe back in if there's a short rally thanks to the new SEC rules.
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Nice trade. Who knows what is going to happen with the naked short rules... the only indicator i think I am seeing is GS getting spanked, but that might not be an indicator.
WM could close green on a down day?
__________________
Quote:
Originally Posted by Bob Sakimano
I need practical application, dude.. I don't need a book..
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09-17-2008, 04:29 PM
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#73 (permalink)
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10,000+ posts
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Mark Dantonio
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Well gentlemen... WM has officially been put on the auction block.
I don;t know if this is  or  .
Very substantial position at $2.05
Why do I keep hearing this song?
YouTube - Drowning Pool - Bodies (Let The Bodies Hit The Floor)
**** it!
__________________
Quote:
Originally Posted by Bob Sakimano
I need practical application, dude.. I don't need a book..
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09-17-2008, 05:15 PM
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#74 (permalink)
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Walk-On
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#23 Javon Ringer
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Quote:
Originally Posted by SBSpartan
Not to mention Joe Blow is kinda dumb if he does that.
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Joe Blow, by the nature of being Joe Blow is of average intelligence and follows the flock. I would say 90%+ of people don't understand what's going on with the markets, but see that their money is dwindling fast and are prone to freak-out with their money and that could get very, very scary.
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09-17-2008, 09:17 PM
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#75 (permalink)
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10,000+ posts
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Mark Dantonio
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Finally... now if we could just get it in real time...
A new SEC disclosure rule will require hedge funds and others with more than $100m in the market to disclose their short positions on a daily basis.
__________________
Quote:
Originally Posted by Bob Sakimano
I need practical application, dude.. I don't need a book..
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