September Stock Talk II

CEG getting hit again, went to 16.60 and back to almost 20 now.

I imagine they either get sold or they sell some assets, the issue after reading more is that they have the trading segment of their business and it is leveraged and requires lots of cash..the company said they will make 5.50 or higher next year earnings wise and they dont own any of that crap investments, rather have high cash needs from the trading division.

Yielding almost 10%..part of me wants some of this action.

NAZ almost down 100.

This wave is early which means I think we see lower lows and the bounce might not happen.  

Rating agency reviewing the AAA rating of US debt...wow, but justified.

Thats a bigger deal than all these buyouts combined.

link

see chart

main page has a story with updated chart through sept

I wonder if that measure has a big spread and is illiquid..meaning a small move in demand can make those swap prices go up a ton.

I dunno but that chart looks like an instrument that doesnt have much volume (the default spread is traded I am sure)

Think of how much worthless crap the Fed has taken on in just the past three weeks. They were not predicting a change but noted that though the US had AAA rating since 1917, it was  not a guaranteed to any country.

Is this the point of maximum pessimism? In which case if you have the money, it may be time to really be poised.

 But as much as I wish to see a bottom, I could see the 8,000 you have mentioned previously...

  It is simply a matter of time this evaporation of wealth spills throughout Main Street and it can't be contained to within US borders...

PS

I remain bearish, and get more so every time Paulson opens his mouth and the US checkbook.

So much for a bounce, they sell it off 200 pts in the last hour and nearly 40 pts on the NAZ.

WTF My shares of DIG went down after a $5 gain in oil price you gotta be shitting me. in the last hour its dropped 6pts

I sware I'm outta dig tomorrow this stock doesnt make any damn sense.

Oil reversed in a BIG way.

Speaking of that, who here was long HYGS? That POS is back down to 66 cents and BCON is swirling the buck again, which means another round of listing issues, for the 5 time or so.

OK so are the renewed short rules actually going to make a difference tomorrow and the next few days?

Or is it just another all bark and no bite gov't attempt to stem the tide?

New rules uninforced means nothing, nor are the going to force naked shorts to cover tomorrow, OR are they going to stop MM "cheating" in the name of making a market.

All bark, no enforcement.

Damn even Philip Morris was down 9% today, when was the last time that happened?

VIX up to 36 to end the day, highest level in over 5 years.

Panic mode is here

WB wants MS

WFC, C wants WM

so churn the rumor mills

game over

i think

Not now, but in 5-7 years, WSC.  Don't laugh.  "I told you so."

Yeah, set this in stone, C hits 10-12 within next few months.

Koaj,

MS is a good deal at current prices, even with the garbage they own. WM is not worth two bucks IMO.

The survivors will be fine but like I was reading the other day, the rates of return for banks will SLOW going forward as margin rules will be tightened..so banks will turn into boring, slow dividend plays.

CC,

You have said it before, I recall seeing it.

Not too far now honestly.