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Sure hope there's more than that coming...EOM.
OT: The intervention to try and prop up easy credit is an intercession on behalf of homeowners sitting on property whose value only makes sense in an easy credit regime. Since easy credit regimes are by definition not sustainable, current home prices are not sustainable.
I'm pretty sure we have a fundamental divergence of viewpoints here - which is fine, differences make a market - so that's about all I have to say and you can have the last rebuttal, if you like. :)
Ummm...yeah. LOL. Read into the typo what you will. :)
Thanks for the assist.
OT: ...no plan can work without also stopping or seriously slowing the housing market's calamitous fall.
Unfortunately, home prices HAVE to fall significantly -from current levels - for the long-term health of the economy. Quite the catch-22 we've created for ourselves...
Also OT: This was the McCain line that really - and I mean REALLY - caught my ears...
As president of the United States, Alan, I would order the secretary of the treasury to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those homes -- at the diminished value of those homes and let people be able to make those -- be able to make those payments and stay in their homes.
This is left of Barney Frank! (Not a judgement - an observation)
Papers not signed yet, looks like they're getting it for a measly $4B bailout of the entire country. Iceland's president expressed "disappointment" that his supposed allies couldn't come up with an amount less than one good year of bonuses at Goldman Sachs.
role reversal
Looks like Russia just bought itself a naval port smack dab in the middle of the north atlantic shipping lanes. From a NATO country, no less.
McCain out-Franks Barney Frank...
McCain proposed a new government program, to be run by the Treasury Department, which would buy mortgages from homeowners facing financial problems and replace those mortgages with new, fixed-rate mortgages.
Welcome to The Left, Mr. McCain, hope your stay is an enjoyable one.
You'll never get me to co-sign that assertion, WLD....
No problem. Differences make a market.
...the Plunge Protection Team came to the rescue of the stock market in the final hour yesterday.
Great, another clueless blogger still stuck in 1987.
When are people going to realize that the "PPT" doesn't give a flying fark about the equity markets? The fundamental issues are everywhere BUT in the equity markets.
Things that go bump in the night.
http://research.stlouisfed.org/fred2/series/BORROW
So once the current mess is more or less cleaned up, next up to bat may a long overdue closer look at the un-meetable obligations of private and public pension funds. Seems pretty clear that promised future benefits will have to be scaled back fairly significantly.
Hey, bud, sincere thanks for taking care of the standings.
You can see my old digs in that top one. Great place for Boston Pops on the 4th - just one big occasionally inebriated roof party. :)
OMG my heart is going to explode.
And this is only the ALDS, how am I ever going to survive the ALCS?!
Drew - Bay - Kotsay - one of these guys better jack one over the wall because it seems there is not going to be any Papelbon tonight.
That was the heart of the order - why not bring Papelon instead of Masterson for that last out? Then Hunter can hack away all he wants in the 9th.
ARGHHHHHHHH!
I'm getting ready to hurl. Dear god, please don't let this be a Grady Little moment...
Well that was going so well - can we have a Sabremetric ruling on putting a hot hand up to bat as the tying run?
Come on Masterson, just one out, this guy, that's all you need to do right here.
Lester must a drunk some go juice in the dugout, that's two innings of set 'me up, mow 'em down. Great timing!
RS really need another run or two, this is a good ball club they're playing with the meat of the order between now and six outs from now. It ain't Papeltime yet!
You're making me home sick with photos like that! :(
Don't stop. :)
!@#$!@#$@## dammit! First-pitch double play!
Argh.
Slow it down, kid, slow it down.
All I need to make this day to be complete is for the Red Sox to close out their series tonight. :)
It was a real steamroller - lots of short-term traders getting flattened in both directions. Sincerely hope everyone is ok!
Wowza what a day! Last hour just reeks of "leaked news", we'll see if anything gets announced between 2 minutes ago and 8AM open.
Hope everyone is ok (your mom, too, Bootz).
Another great magazine cover...
http://www.time.com/time/covers/0,16641,20081013,00.html
Adding some BRIC/emerging market ETFs this morning.
So the copper is blocking off your driveway, specifically? :)
Contract....
....value...
...sinking...
Has anybody seen the current Economist cover? Yowsa. Only thing missing is the Roadrunner standing on the cliff edge going "Meep! Meep!". Ltest addition to the pile of wretchedness comes from every trader's favorite yak-in-a-box:
A Time to Sell
By Jim Cramer
RealMoney.com Columnist
10/5/2008 8:55 PM EDT
If you haven't sold some stuff and are worried that you haven't, you should not let the down futures market stop you from selling something. I have spent the whole weekend working on what can go right in this market and if we get it (a rate cut), the response should be to sell a lot. If we don't get it, you have to sell some anyway and be as defensive as you can be.
Please do not take this as an endorsement of anything that over-coked monkey has to say.
Red Sox playing with gasoline-soaked matches here. 13 LOB after 4 innings?!
I understand Francona wanting to stretch Beckett's innings and using the flexibility of playing with the lead - but what the hell is he seeing in his Sabremetrics database that keeps his heart from exploding when the bases are getting loaded every second inning?
<reaches for a bottle of Vodka>
Oy. Got out of it with minimal damage, at least. Figured the first inning was the real danger zone for Beckett, hopefully he's got the kinks worked out now.
And the parade of LOB that is a typical Angels/Red Sox games gets off to a +3 start after just half an inning...
Good! Get them warm weather boys all nice and stiff. :)
As of last night:
Boston Red Sox 9/4
Chicago White Sox 25/1
Los Angeles Angels 14/1
Los Angeles Dodgers 5/2
Milwaukee Brewers 20/1
Philadelphia Phillies 5/1
Tampa Bay Devil Rays 2/1
(Edited) YEAH BABY! :)
Took a quick scroll through the bets - it looks like every possible remaining combination has at least one vote, so somebody is guaranteed to get the bragging rights that come with guessing perfect.
No! EOM.
Most sports have a "bonus" if you will for teams that finish with the best record.....usually a bye.
The only major league I can think of that gives a bye is the NFL. Basketball and hockey are both bye-free, and seed the first round just like baseball. IMO the difference is that NBA and NHL have twice as many playoff teams, so a LOT of really quite poor teams make the playoffs, making the first round relatively easy to predict. Predicting second round winners in those leagues becomes every bit as much of a crapshot as predicting *LDS winners in baseball.
IMO it is to baseball's credit that only 8 out of 30 teams get to play the post-season. Every team that makes the playoffs has a legit chance at winning it all - this is a good thing! - a very nice balance between "revenue" and competitiveness of play.
OT: I think he's saying McCain has been twitchy and jumping all over the place during this monetary blowup, while Obama has been emotionally balanced. And thus drawing an analogy to possible future behavior around the Big Red "Nuke the World" button.
I'm not saying agree/disagree - it's not my argument - just trying to translate.
This may turn out to be a more interesting election than I thought, despite the poor quality of candidates. If the polling trends are accurate, it will be the first election I've ever guessed the wrong outcome. I guess no indicator is perfect! :)
Um....does that mean AAPL is going up, or down?
If you could get the education you require...
Enough. If you have a point to argue, I'm happy to do so, but I'm not interested in trading personal digs.
Adios, amigo.
...and he is preaching dogma.
And now the ad hominens. Nice.
Later, bud.