What kinds and what types of bailout packages will be given to the financials this coming week?
Let's see how sickening and gross this can get, unfortunately.
The idea of these characters with these companies getting longer leases on their scandalous ways is enough to make me want to vomit.
I would love to see this coming week have NO BAILOUTS and see some of these people jumping out of windows to their earthly demise.....which they did to themselves, by the way.
Not trying to be cruel and harsh, but it is what it is. If I screw up at my job, I am fired. No one bails me out.
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What kinds and what types of bailout packages will be given to the financials this coming week?
Let's see how sickening and gross this can get, unfortunately.
The idea of these characters with these companies getting longer leases on their scandalous ways is enough to make me want to vomit.
I would love to see this coming week have NO BAILOUTS and see some of these people jumping out of windows to their earthly demise.....which they did to themselves, by the way.
Not trying to be cruel and harsh, but it is what it is. If I screw up at my job, I am fired. No one bails me out.
Personally I think they definitely get their rate cut, 25 basis points (even though they want another 50!!!!)...but I still feel like the Fed is pushing on a string. There is already plenty of liquidity... (I am in agreement at least with Sam Zell in the WSJ profile in the weekend edition). To me it is like Bernanke is like the guy who shows up with a case of champagne right after the party has broken up. Go ahead, open it up, but the party will remain over.
Personally I think they definitely get their rate cut, 25 basis points (even though they want another 50!!!!)...but I still feel like the Fed is pushing on a string. There is already plenty of liquidity... (I am in agreement at least with Sam Zell in the WSJ profile in the weekend edition). To me it is like Bernanke is like the guy who shows up with a case of champagne right after the party has broken up. Go ahead, open it up, but the party will remain over.
if anyone is wondering why homebuilders are running:
In a story this weekend, The Wall Street Journal quoted one hedge-fund
partner saying a move higher late last week by Standard Pacific and
other builders bore the hallmarks of widespread unwinding of short
positions by large quantitative funds. Several builders, including
Standard Pacific, are scheduled to report quarterly financial results
this week
if anyone is wondering why homebuilders are running:
In a story this weekend, The Wall Street Journal quoted one hedge-fund
partner saying a move higher late last week by Standard Pacific and
other builders bore the hallmarks of widespread unwinding of short
positions by large quantitative funds. Several builders, including
Standard Pacific, are scheduled to report quarterly financial results
this week
Yeah that and a few firms upgraded the builders today..the move looks phony if you ask me. When they say the worst is behind, that to me means they want out of long positions so put some buy reccos on the stocks.
claycourt, are you Bill Fleckenstein incognito??
Article
Koaj,
Yeah that and a few firms upgraded the builders today..the move looks phony if you ask me. When they say the worst is behind, that to me means they want out of long positions so put some buy reccos on the stocks.
Remember 1998's problems? Well, I was heavily short during that time and got blind-sided by US gov't led bailout packages for "Asian Tigers."
Ever since then, and it was a good lesson, I have been wary of "bailout packages."
I agree with Fleckenstein, though. It absolutely sickens me that these sheet-head fat cats in financials can just do whatever they please, screw up royally, and then get a bailout package. It totally reminds me of like a little rich boy brat who totals daddy's car in a drunken stupor, runs from the police, and then gets bailed out by his rich daddy, and then laughs about it a few days later to his rich boy school cronies.
Sickening.
I would freakin dance in the streets if fat cat executives from some of these financials were so humiliated from losing everything that some resorted to literally jumping out of windows to their earthly demise........I would do this:
Busted............
Nah, WSC, I am just another flunkie.
Remember 1998's problems? Well, I was heavily short during that time and got blind-sided by US gov't led bailout packages for "Asian Tigers."
Ever since then, and it was a good lesson, I have been wary of "bailout packages."
I agree with Fleckenstein, though. It absolutely sickens me that these sheet-head fat cats in financials can just do whatever they please, screw up royally, and then get a bailout package. It totally reminds me of like a little rich boy brat who totals daddy's car in a drunken stupor, runs from the police, and then gets bailed out by his rich daddy, and then laughs about it a few days later to his rich boy school cronies.
Sickening.
I would freakin dance in the streets if fat cat executives from some of these financials were so humiliated from losing everything that some resorted to literally jumping out of windows to their earthly demise........I would do this:
And old man Greenspan bailed out the stock market with his emergency rate cut in '98 when it would've been better just to let a-holes like "Jim Cramer" jump out of windows cause his hedge fund was hemmorhaging.
We'd have all been better off.
Russian debt was '98.
And old man Greenspan bailed out the stock market with his emergency rate cut in '98 when it would've been better just to let a-holes like "Jim Cramer" jump out of windows cause his hedge fund was hemmorhaging.
claycourt - the 98 bailout was for LTCM...not so much russian debt. i think the russian debt was a few months earlier
LTCM could have collapsed worldwide markets since they were so levered. from what i read, the problem now is 2-3 times worse b/c of all the new derivitive products upon which leverage is built
claycourt - the 98 bailout was for LTCM...not so much russian debt. i think the russian debt was a few months earlier
LTCM could have collapsed worldwide markets since they were so levered. from what i read, the problem now is 2-3 times worse b/c of all the new derivitive products upon which leverage is built
I thinki the LTCM bail out was imperative. It is regrettable that the wonks who think math solves all things would create the conditions for suxh a cataclysm, but the governement had to bail out the pinheads in that case...
I thinki the LTCM bail out was imperative. It is regrettable that the wonks who think math solves all things would create the conditions for suxh a cataclysm, but the governement had to bail out the pinheads in that case...
vermeer - the math worked, but like any chase system you need an infinite bankroll...they ran out
But if your math, in order to work, presumes infinite cash supply, then hell, any math or for that matter, any "system" whatsoever will work!!! Until the math geeks learn to quantify the unquantifiable, I will be wary of their claims to expertise.And rather resent having the government step in to clean up their messes on a regular basis!!!
Quote Originally Posted by KOAJ:
vermeer - the math worked, but like any chase system you need an infinite bankroll...they ran out
But if your math, in order to work, presumes infinite cash supply, then hell, any math or for that matter, any "system" whatsoever will work!!! Until the math geeks learn to quantify the unquantifiable, I will be wary of their claims to expertise.And rather resent having the government step in to clean up their messes on a regular basis!!!
PS I agree on Mozillo but I do wish these guys would serve time say, in Richmond City Jail, or some awful county clink.They'd lose more than their tan there, and less of this shit wouldoccur.
PS I agree on Mozillo but I do wish these guys would serve time say, in Richmond City Jail, or some awful county clink.They'd lose more than their tan there, and less of this shit wouldoccur.
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