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Weeeeeee... C, BAC, GSRE, COYN my up and coming baggers
I am probably a little off. The banks looking to hold their growth. Dow could hold too. Of course that just means the markets will have to come down tmrw.....
Word. Found the right spot then! xxxx baggers where we come
DOW will close -$187 in the red imo
did I miss the deadline?
Sup atm's! new to this board whats the daily withdrawl limit?? We allowed to pull multi's....
AXP ouch American Express Co. (AXP:US) fell 2.6 percent to $13.54. The largest credit-card company by purchases was cut to “underweight” from “overweight” at JPMorgan Chase & Co., which cited the “strained consumer.”
Hewlett-Packard Co. (HPQ:US): The world’s largest personal- computer maker was rated “outperform” in new coverage at RBC Capital Markets, which cited a “diverse revenue portfolio, recurring book of business, stronger margin profile and solid management team.”
http://www.bloomberg.com/apps/quote?ticker=HP%3AUS
Oh, so I just poush the profit cycle setting. Lol wish I knew....
Yeah rodger that. Imo the markets are still too volatile to hold much overnight, muchless through a week
Still loving my gold play! BAC and C
GSRE getting ready....
adding evrm to radar
The world’s largest personal- computer maker was rated “outperform” in new coverage at RBC Capital Markets, which cited a “diverse revenue portfolio, recurring book of business, stronger margin profile and solid management team.”
Pepsi Co. raised from buy to neutral
Research In Motion cut from "overweight" to "underweight"
Good Man Yak. I like it....take the profits I can, and go back in if I still like it....
CB Richard Ellis Group Inc. (CBG:US) surged 17 percent to $3.50. The world’s largest property broker was raised to “overweight” at JPMorgan Chase after getting lender approval to amend its credit facility, easing covenants in exchange for higher financing costs
American Express Co. (AXP:US) fell 2.6 percent to $13.54. The largest credit-card company by purchases was cut to “underweight” from “overweight” at JPMorgan Chase & Co., which cited the “strained consumer.”
Watching alot of recent alerts. Working on my next multi bagger. Where u playing?
Morning Yak! Where are our banks gonna go?? Still holding BAC, and can't decide what strategy to take. Thinking just hold as I don't neeed the profits.....good bet?
Yo GTP! Whats up man
Projected deficit threatens Obama's plans
Auditors say budget would produce $9.3 trillion in red ink over next decade
http://www.msnbc.msn.com/id/29791927/
Another good sign?....Should USA still be AAA?
Despite soaring budget deficits, investors are still buying U.S. Treasurys
http://money.cnn.com/2009/03/23/news/economy/us_aaa/index.htm?postversion=2009032310
GM Rollers! Plan for toxic assets lifts banking sector
(MarketWatch) -- The U.S. financial sector rallied Monday after the Treasury Department unveiled a long-awaited government plan to rid banks' balance sheets of troubled assets and get credit flowing again.
Shares of Citigroup Inc. (C:Citigroup Inc
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Last: 3.11+0.49+18.63%
C 3.11, +0.49, +18.6%) were up more than 25% in early trading, while Bank of America Corp. (BAC:bank of america corporation com
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Last: 7.13+0.94+15.19%
BAC 7.13, +0.94, +15.2%) gained more than 15%.
The Financial Select Sector SPDR Fund (XLF:Select Sector SPDR: Financial Select Sector SPDR Fund
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Last: 8.85+0.71+8.72%
10:49am 03/23/2009
XLF 8.85, +0.71, +8.7%) , an exchange-traded fund, opened higher by 7%. It is still off about 30% so far this year despite the recent rally in bank stocks.
The Treasury Department detailed a plan designed to help investors purchase $500 billion in so-called toxic assets remaining on bank balance sheets. The program will use $75 billion to $100 billion in capital from the Troubled Asset Relief Program, or TARP, and capital from private investors.
Under the plan, the Treasury and private capital will provide equity financing and the Federal Deposit Insurance Corp. will provide a guarantee for debt financing issued by the public-private investment funds to fund asset purchases.
"This program to address legacy loans and securities is part of an overall strategy to resolve the crisis as quickly and effectively as possible at least cost to the taxpayer," Treasury Secretary Timothy Geithner wrote in an opinion piece published in The Wall Street Journal on Monday. Read Geithner's op-ed at WSJ.com.
The plan was announced amid growing public anger over the financial bailout. Much of the fury has been directed at executive bonuses, particularly at embattled insurance giant American International Group Inc. (AIG:American International Group Inc
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Last: 1.47+0.21+16.87%
AIG 1.47, +0.21, +16.9%) . AIG was again in the news over the weekend on reports that its competitors have complained to Federal Reserve Chairman Ben Bernanke that the company is getting an unfair advantage as a result of government aid.
Dutch bank ING Groep (ING:ING Groep NV
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Last: 6.87+1.14+19.90%
10:49am 03/23/2009
ING 6.87, +1.14, +19.9%) has asked workers to return last year's bonuses in an effort to quell the backlash over executive compensation, Bloomberg reported Monday.
J.P. Morgan Chase & Co. (JPM:JPMorgan Chase & Co
News , chart , profile , more
Last: 25.89+2.74+11.84%
10:49am 03/23/2009
JPM 25.89, +2.74, +11.8%) , which has received billions in TARP funds, is moving ahead with a $138 million plan to buy a pair of luxury corporate jets and build an aircraft hanger, according to ABC News.
Shares of retail-real-estate giant General Growth Properties Inc. (GGP:General Growth Properties Inc
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Last: 0.55+0.11+25.00%
10:49am 03/23/2009
GGP 0.55, +0.11, +25.0%) soared after the troubled company said its subsidiary has extended the deadline for its previously announced consent solicitation. The move gives General Growth more time to work with its creditors as it struggles to avoid filing for bankruptcy.
Private-equity giant Hellman & Friedman has formed a consortium to purchase Barclays' (BCS:Barclays PLC
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Last: 6.85+1.23+21.87%
BCS 6.85, +1.23, +21.9%) exchange-traded fund business, iShares, for about $5 billion, according to a media report.
IMO the markets are gonna be just fine. We just have to get Obama to shut up. If they get their way, they will continue to deplete value, and extend the hand of Government control through the markets
EESO slowed heavily
Home sales up 5.1% in Feb
Thanks Sydney =p!!! gonna be a multi bagger kinda week. Can feel it!
New Rescue Effort Called Key to Resuming Lending-snother $300 billion going otd.
The Fed going to keep on spending today. Look for Gold to shoot up imo. Another few trillion shouldn't hurt the budget will it?? lol
Morning all! Solid open looks likely for stocks on tap, offsetting Friday's losses..lets see huh?
up and adam.... lol. doing well, you? gonna be a big week! =p
Yo Pirate traders! Monday....here weeeee go
GM all! good luck this week!
where is AIG gonna go??? will they honor their many million dollar advertisment contracts like that in Formula 1?
Goldman rejected settling of AIG trades at discount
NEW YORK (MarketWatch) -- Goldman Sachs Group rejected overtures from American International Group to settle trades with the troubled insurer at a discount, instead holding the company to the letter of its contracts, the investment bank's chief financial officer said Friday.
Goldman (GS:Goldman Sachs Group Inc
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Last: 96.93-2.37-2.39%
3:15pm 03/20/2009
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GS 96.93, -2.37, -2.4%) and other large firms that were counterparties to AIG (AIG:American International Group Inc
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Last: 1.20-0.43-26.33%
3:15pm 03/20/2009
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AIG 1.20, -0.43, -26.3%) have come under criticism in recent weeks, and have been accused of contributing to the insurer's collapse and subsequent government bailout.
Speaking on a conference call with reporters Friday, finance chief David Viniar was asked if Goldman Sachs felt any guilt about its possible contribution to AIG's collapse. "All we did was call for what was due to us under the contracts. So you know, I don't think there's any guilt whatsoever," he replied.
Viniar said that Goldman began to significantly mark down its Super Senior CDO risk in July 2007, resulting in valuation disputes with AIG. The investment bank continued to demand that the insurer post more and more collateral over the following year. "Over subsequent weeks and months, we continued to make calls as the market deteriorated," he added.
'We don't think we did anything wrong. We had commercial terms. It is our responsibility to our shareholders to make sure that we are protecting ourselves. That's why we enter into these contracts.'
— Goldman Sachs CFO David Viniar
"We don't think we did anything wrong," Viniar continued, explaining that "we had commercial terms. It is our responsibility to our shareholders to make sure that we are protecting ourselves. That's why we enter into these contracts. That's why we have terms in the first place, to make sure that we are protected."
As part of that protection, Goldman also apparently made trades that allowed it to profit from deterioration in AIG's financial strength -- likely based on those collateral calls.
Viniar acknowledged Friday that Goldman profited from AIG's woes. When asked if the firm made gains over the course of AIG's deterioration, he said: "Net-net, I would think we had a gain over the time. I don't think it was particularly material to Goldman Sachs. But net-net, I think we had a gain. I think that gain probably somewhat more than offset the bid-offer spread that we had to pay to put the CDS hedges on."
According to Viniar, the firm was and remains protected. He added that the firm would not have lost money from specific derivatives contracts with AIG had the insurer failed, rather than been rescued by the government.
"We have stated consistently that Goldman Sachs did not have a significant economic exposure to AIG. AIG's disclosure of cash flows to counterparties does not in any way contradict that statement," Viniar told reporters.
"We had commercial contracts with AIG. We entered into these contracts on commercial terms. We were fully hedged with either credit default swaps or collateral, so we were not in a position to take a loss," Viniar said.
He noted that Goldman continues to hold a bit more than $4 billion in collateral, supporting a roughly $6 billion open trading position with AIG.
Greg Morcroft is MarketWatch's financial editor in New York.
imo the only hope fopr CA.
DFLY yesssss. we can save the state if they tax the chron and finish that damn boarder fence!
Made some money on C this week.Monday to Wednesday!! Am to nervous to stay and hold, but it actually worked in my favor. Not looking to risk that again any time soon, but I am curious where others think the bottom will be at????
Gonna buy as many properties as I can, then fill em with tons o little pirates
C at 2.62 with 241 mil traded
BAC at 6.10 with 253 mil traded. Where are these two going? Are they indictative of what the rest on the banking sector will do? Thoughts?????
Time to buy a house if you can. 1st time home buyer tax break of 8%!!!! Interest rates way low!
Good man, you now ur S#@T! What about the wholesale and media. Think we're gonna see them get bought up by the fed next?
Avast! Test your mettle with our piracy quiz
Find out how well you know your buccaneer lore
http://www.msnbc.msn.com/id/27845246/
Aghhhh, noticed we had the same. Found it on the net. No worries Yak, changing now out of respect!
Any tips fpr me?