September Stock Talk II

No. Not me.But I am conservative.

I think they are a smoked turd.

Vermeer,

Who knows the extent to what WB is in with this stuff. He owns some insurers and other companies and many investments. He cannot be gone to for a bailout, what kind of money could he lend? We all know the terms he wants to dictate when doing a transaction after the mortgage insurance joke, he wants 10 cents on the dollar and he wants 20% interest rate. I doubt he was consulted much at all.

Oil down another 3.5% today, the shorts are killing it.

I wonder when these prices start flowing through to the pump and to basic services with lower fuel costs.

its also the pensions and retirements who bought the top of commodities last quarter

hedges bailed on them in early july and pensions are killing them now

I bet good ole Hugo is crapping his pants knowing that OPEC and production cuts wont stop the momentum.

Tell the market to bring CEG back to 13 for me..I need to snap up a 100k foreclosure worth 220k for cash and that would help.

Wow, they slaughtered CEG down 10 points in 6 minutes and market turned to crapola.

I think the market turned to crap when the FED didn't cut rates.  The CEG thing happened a few minutes before that.

This is just psycho.

DOW was down 80 points, now up 100?

I am glad they didnt cut. It shows the FED isnt in scramble mode.

The market needs to digest this mess the financials are in, not lower rates.  

Now CEG back to over 30.

So if Barclays buys part of LEH, does the stock move at all?  Or since they filed for BK does it not really matter?

Sidenote, if I worked at LEH I'd tell Barclays management to kiss my ass.  If I worked at Barclays I'd send a gift basket to management for being so damn smart.

There is so much debt from LEH that any equity will get swallowed up by the liabilities for sure.

AIG rolling.

Bottom to top that is a 150% return.

Someone covered a monster AIG short, they spiked it from sub 4 to 5.24 in THREE minutes, now back to 4 again.

Entertainment if nothing else.

I am not sure I would be thrilled seeing the government getting involved with AIG, look at the way they helped out Fannie and Freddie, they took the whole company away.

lehman halted at .19

Pretty stupid to halt LEH at 19 cents..where is it going, to 2 cents?

Maybe the NYSE will boot it to the pinks.

Wow..

I go get lunch for the kiddo and they run CEG to 40.

So LEH getting some assets sold, what that means to the destructed common is beyond me.

OK, so if the FED gives a loan to AIG tonight or tomorrow, does the market rally around that?

That would crush the shorts especially with options expiring on Friday

Bid/Ask on LEH of 3.65 by 3.78??

Holy cow..

Russia was down 17% today and then halted? 

So AIG is going to get a bridge loan around 85 to 90B in return for an 80% stake in the company from the Federal Reserve.

Here is the blurb from an article-

If a government bailout is worked out, sources told CNBC, shareholders would get nothing, bondholders next to nothing and policyholders at least some protection.

Smells like FNM and FRE which means the common is pretty much dust.

All of this because of leverage and someone buying instuments which had no way of being known or trusted.