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September Stock Talk II

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Covers Linesmen
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Posted: #101
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.


 
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Posted: #102
NAZ almost down 100.

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


 
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Posted: #103

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

 
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Posted: #104
Quote Originally Posted by Vermeer:


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



Thats a bigger deal than all these buyouts combined.


 
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Posted: #105
Quote Originally Posted by wallstreetcappers:



Thats a bigger deal than all these buyouts combined.




link

see chart

main page has a story with updated chart through sept
 
Covers Linesmen
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Posted: #106
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)
 
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Posted: #107
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...
 
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Posted: #108

PS

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

 
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Posted: #109
So much for a bounce, they sell it off 200 pts in the last hour and nearly 40 pts on the NAZ.
 
Prospect
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Posted: #110
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.

 
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Posted: #111
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.


 
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Posted: #112
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?
 
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Posted: #113
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.
 
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Posted: #114
Damn even Philip Morris was down 9% today, when was the last time that happened?
 
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Posted: #115
VIX up to 36 to end the day, highest level in over 5 years.

Panic mode is here
 
Covers Linesmen
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Posted: #116
WB wants MS

WFC, C wants WM

so churn the rumor mills
 
Covers Linesmen
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Posted: #117
game over

i think
 
All-Star
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Posted: #118
The USA and the "global" financial markets.
 
Smartest thing I have done this year, maybe in my entire sorry ass life, was sell EVERYTHING and go all cash (except for "trading" this past Janurary.
 
No joke, guys and gals, we have a slight chance to be headed for a road warrior society in the future. Warlords and fiefdoms.  No joke.
 
Let's face it, there are no bailout packages that can save us from our greed and lies.  Time to just let the bad go caput, and then just pick up what's little left of the pieces......whenever that is.
 
Let's also face this.....the ONLY thing "positive" for the future is the rampant pessimism, but I believe that this time "the public" is right.  We may have some sort of countertrend mularkey "rally" for a few years, but about 5-7 years from now, when the tab for all these stupid bailout packages falls due......."Katy bar the door."
 
Warlords and fiefdoms...just like in the dark ages....
 
We have no one but ourselves to blame.
 
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Posted: #119
If peeps start jumping out of windows tomorrow, I think we can "trade" it on the long side, but it is nothing more than a "trade."
 
The future couldn't look worse.
 
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Posted: #120
Quote Originally Posted by wallstreetcappers:

Vermeer,

CC was talking bunkers and invasion..lets hope that doesnt happen.


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.

 
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Posted: #121
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.
 
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Posted: #122
There is some post I did back in early spring about C going 10-12ish.
 
I'll try to find it.
 
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Posted: #123
Was in one of "boiler room's" threads.
 
Covers Linesmen
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Posted: #124
CC,

You have said it before, I recall seeing it.

Not too far now honestly.
 
 
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Posted: #125
C at 10-12 will be a VERY GOOD "trading bottom" for the SP 500 and some financials.
 
But as far as "long haul investing," I think we all need to seriously study the dark ages in 500 AD and learn how to "get by" the way they did back then.
 
By 2013, warlords and fiefdoms, but in the meantime, we may be able to "trade" for a while.
 
Have a good evening.  Enjoy the football game.
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