Posted:
#51
Gints win superbowl
Masks current market losses
Banks crack on monday
Haiku!
January Stock Talk V
Posted:
#52
Quote Originally Posted by KOAJ:
as i mentioned last week and for the last few
MBI and ABK will be the drivers of the mkt. stay in tune with what those two are up to
a resuce of those two gives the mkt certainty...hasnt had it in a while
as i mentioned last week and for the last few
MBI and ABK will be the drivers of the mkt. stay in tune with what those two are up to
a resuce of those two gives the mkt certainty...hasnt had it in a while
I agree.TThe article on MBIA in todays WSj was pretty gruesome: a 1/2 loss almost as much as it has paid out in its entire history. Amazing.The bond insurers are the ones "too big to fail"...
Posted:
#54
Nice nice call on the Giants. Great game. I think I must be the only one who tunes out commercials, bails out at half time, and only watches the game.Of course, it is about the only football I watch all year, so....
Anyone have any comments on PBR?
I think we are going to find out that the Fed and others are going to be unable to handle the challenges the systemic problems this market and economy face. Anyone think we are in for the soft landing? I see a long hard fall ahead.
,,,,tough to find anymore.....parade here 2morrow,place will be insane,,,best one ever was 94 rangers parade,,,,,market might as well be closed 2morrow
Posted:
#58
Is the following accurate? Anybody?
While consumers were out spending on the heels of low rates, the government (under the direction of the Clinton Administration) took a full 70% of long-term US Treasury debt and moved it into short-term instruments. Under Clinton’s Houdini-like tactics, it appeared as if the US was doing well economically. All of our long-term debt ‘disappeared’ into the short -end of the curve.
While consumers were out spending on the heels of low rates, the government (under the direction of the Clinton Administration) took a full 70% of long-term US Treasury debt and moved it into short-term instruments. Under Clinton’s Houdini-like tactics, it appeared as if the US was doing well economically. All of our long-term debt ‘disappeared’ into the short -end of the curve.
,,,,,speaking of bad beer,,,rheingold,,,genesee cream ale,,,,,schaffer,used to steal it from friend fathers fridge
Posted:
#60
EMC: Something for you guys to fade me on. I stepped in late last week at $16. Overall I do believe it's to early to be building positions in tech, but EMC is acting nicely in this market and seems to have some nice support at it's current level. Hoping this is my ace in the hole second half of 08.
Posted:
#63
Quote Originally Posted by boiler-room:
when the market takes off tech will lead in a big way in my strong opinion
Totally missed the rally in the financials. Not sure if it's for real or short covering, but really pissed at myself for not getting into JPM at $40 
I won't be making that mistake again if they retrace.
Posted:
#64
as previously posted my average price for jpm was about 43,,,was under water when it wasin the 37 range ,,sold some late last week ,made some quick loot anfd the rest will be held long term,,[for me i mean a couple of years],,,they will dip again,,already started to,,,i really feel when this market breaks out,,whenever that is , tech will be a monster
Posted:
#65
boiler - you probably know this, but the next wave of corrections will be to the derivitives mkt (outside cdo, rmbs and mortgage based debt)
JPM has an ENORMOUS derivitives position...like trillions (so i read)
caveat emptor if this is a long term play for you
for me, the only financial to own is HCBK
JPM has an ENORMOUS derivitives position...like trillions (so i read)
caveat emptor if this is a long term play for you
for me, the only financial to own is HCBK
Posted:
#66
Derivitives are wacky...not really because of the actual assets, I am sure JPM owns the high grade instruments, I really couldnt see them owning the lower traunches of the any such thing, but the insurance of the derivative is the scary part.
Lets see if they turn things today. The market isnt that far off the lows after todays drop (lows meaning from the last drop)
Lets see if they turn things today. The market isnt that far off the lows after todays drop (lows meaning from the last drop)
Posted:
#68
Quote Originally Posted by wallstreetcappers:
Derivitives are wacky...not really because of the actual assets, I am sure JPM owns the high grade instruments, I really couldnt see them owning the lower traunches of the any such thing, but the insurance of the derivative is the scary part.
Lets see if they turn things today. The market isnt that far off the lows after todays drop (lows meaning from the last drop)
Derivitives are wacky...not really because of the actual assets, I am sure JPM owns the high grade instruments, I really couldnt see them owning the lower traunches of the any such thing, but the insurance of the derivative is the scary part.
Lets see if they turn things today. The market isnt that far off the lows after todays drop (lows meaning from the last drop)
why are they different than merrill or ubs?
Posted:
#69
From the research I did, the bigger guys own the higher grade/quality stuff in most of these derivatives..the more speculative portions of the instrument are usually owned by more aggressive hedge funds and investors.
Thats the impression I got. Is it worth a little better ROR to be subject to shareholder lawsuits if it was uncovered that the firm risked capital on garbage?
The write downs have been on the higher quality stuff and the losses have been also on the lost insurance premiums because the ABK and MBIs arent honoring the insurance policies..
I have to think that the bigger firms arent taking the risk associated with the scraps portion of derivative instruments.
Maybe I am wrong? I dont see how though.
Thats the impression I got. Is it worth a little better ROR to be subject to shareholder lawsuits if it was uncovered that the firm risked capital on garbage?
The write downs have been on the higher quality stuff and the losses have been also on the lost insurance premiums because the ABK and MBIs arent honoring the insurance policies..
I have to think that the bigger firms arent taking the risk associated with the scraps portion of derivative instruments.
Maybe I am wrong? I dont see how though.
Posted:
#70
he collapse of the U.S. subprime mortgage market has led to
about $146 billion of losses and markdowns at securities firms
and banks since the beginning of 2007. They may report more
losses if the bond insurers falter because the insurers have
backed $125 billion of collateralized debt obligations tied to
loans to borrowers with poor credit, S&P said.
Those contracts are concentrated at a small number of banks, S&P said. ``Few banks have disclosed how much that exposure is,'' the report said.
CDOs repackage assets such as mortgage bonds and buyout loans into new securities with varying risk.
,,,at the parade and carrying-on all day,,,
Hot Forum Topics
