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Yeah know the feeling, been 50% cash
4 couple weeks, my PMs been doing well so l was satisfied with my stuff incl a few little guys.
2:15 market took off & l was all smiles with my half of the actions....checked a few diff calls, overpriced.
'[set and think a spell' bot the qqqq, hope l'm not sorry tomo.
no, the bold move today trumps Mr G
& all else.
limit is & will continue over [no one cares] more important to turn this market in whatever it takes. they will get around to fixing the numbers.
dollar sank like a lead pipe while market & gold were flying.
Good work Benny !!!!
Real-Time Forex Streamers (2)
http://www.netdania.com/QuoteList.asp
http://www.forex-markets.com/quotes.htm
Real-Time Forex Streamers (2)
http://www.netdania.com/QuoteList.asp
http://www.forex-markets.com/quotes.htm
Fed. 1day RP + 9.75B [net Drain -7.00B]
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Fed. 1day RP + 9.75B [net Drain -7.00B]
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Northern Rock rallies after government guarantee
4:20 AM ET Sep 18
Savers reassured their cash is safe; shares of other U.K. lenders also rebound
By Simon Kennedy, MarketWatch.com
LONDON (MarketWatch) -- Shares in struggling U.K. mortgage lender Northern Rock rallied around 10% Tuesday after the U.K. government stepped in to guarantee all deposits held at the bank.
Chancellor of the Exchequer Alistair Darling made the announcement late Monday in a bid to restore confidence in the bank, which has seen an estimated 2 billion pounds of deposits withdrawn by customers worried they may lose their savings.
"I want to put the matter beyond doubt," said Darling in a statement. "This means people can continue to take their money out of Northern Rock. But if they choose to leave their money in Northern Rock, it will be guaranteed safe and secure."
Northern Rock (UK:NRK) CEO Adam Applegarth was more jubilant about the decision, exclaiming "bloody hurrah," in a memo to staff, who have been struggling to cope with queues of customers demanding their money.
The bank also took out full-page advertisements in several U.K. newspapers Tuesday apologizing to customers and emphasizing that branches are "open for business as usual."
Shares in the bank climbed 9.6% at 310 pence in early trading after slumping over 50% in the previous two sessions.
The sell-off was driven by news late Thursday that Northern Rock had to arrange an emergency loan facility with the Bank of England after the credit crunch left it unable to raise financing in the market.
B of A expects to take charges on some lending losses
By Murray Coleman
Last Update: 3:55 PM ET Sep 17, 2007Print Subscribe to RSS Enable Live Quotes
SAN FRANCISCO (MarketWatch) -- Speaking at a conference on Monday, Bank of America's (BACBAC) Chief Financial Officer Joe Price said he expects the financial services giant will be forced to take some charges in the current quarter related to challenging credit market conditions. While not specifying amounts, he added: "We anticipate consumer credit lossess will stay within manageable levels in 2007." Losses in mortgages remain well below industry averages, Price said. "These are unprecedented times. The flight to quality has had an impact on any number of liquidity (products)," Price told an audience of investors and analysts.
Edit...Now they all follow & admit their Sins.
Relentless coverage of Greenspan is
gonna make him a ton of sales on the book.
Think Benny is pissed, maybe he doubles todays injection.
Why is Gold moving access market
seems a bit odd, no-one could know tomo, today.
Not a penny from me ...
Fed. 1day RP + 16.75B [net Giveth +13.75B]
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Fed. 1day RP + 16.75B [net Giveth +13.75B]
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
W@G1 QQQQ 09/17/07 for a 09/19/07 close
49.22 DrWorm
48.50 bob3
48.00 AZ123
47.72 Farooq
47.00 marin
Don Coxe: weekly audio program, Thur.
http://events.startcast.com/events/199/B0003/#
Speaks: to Sub prime mess & pullbacks in Gold are buying Ops.
Run time 24min.
Fed Ops: 21.00B Matures this week.
Mon: 3.00B 3day
Thu:
(1) 7.00B 14day
(2) 11.00B 7day
Float: 26.00B
===================================================
Temp Ops:
Perm Ops:
=========================================================
Public Debt:
9/13 ~~ $9,016,288,006,279.21 T ( - 51B )
Limit ~ $8,965,000,000,000.00 T
http://www.treasurydirect.gov/NP/BPDLogin?application=np
==========================================================
Washington events for Sept. 17 - 21
http://www.marketwatch.com/news/story/washington-events-sept-17--/story.aspx?guid=%7B2D9BC2A9%2D0147...
Fed Ops: 21.00B Matures this week.
Mon: 3.00B 3day
Thu:
(1) 7.00B 14day
(2) 11.00B 7day
Float: 26.00B
===================================================
Temp Ops:
Perm Ops:
=========================================================
Public Debt:
9/13 ~~ $9,016,288,006,279.21 T ( - 51B )
Limit ~ $8,965,000,000,000.00 T
http://www.treasurydirect.gov/NP/BPDLogin?application=np
==========================================================
Washington events for Sept. 17 - 21
http://www.marketwatch.com/news/story/washington-events-sept-17--/story.aspx?guid=%7B2D9BC2A9%2D0147...
WtG Doc W@G...
Fed. 3day RP + 3.00B [net Drain -2.00B]
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Fed. 3day RP + 3.00B [net Drain -2.00B]
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Gold~ Silver~ HUI~ XAU~ US$~ €uro~ Crude
Live Charts ~ Bookmark this page –
Refresh anytime during the day.
PoG
PoS
HUI
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3day $US:
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Sell Rosh Hashanah buy Yom Kippur
or is that the reverse.....anyway l'm over 50% cash fwiw.
U.K. stocks drop on Northern Rock bailout
Other lenders slide as Bank of England executes bailout; retailers pressured
http://www.marketwatch.com/news/story/uk-stocks-drop-northern-rock/story.aspx?guid=%7B59DBC78D%2D49A...
Greenspan Concedes Mortgage Dilemma
Thursday September 13, 6:20 pm ET
By Jeannine Aversa, AP Economics Writer
Greenspan Acknowledges He Didn't Initially Grasp Risks of 'Subprime' Mortgages
WASHINGTON (AP) -- Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to see early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy.
In an upcoming interview, Greenspan said he was aware of "subprime" lending practices where homebuyers got very low initial rates only to see them later jacked up, causing severe payment shock. But he said he didn't initially realize the harm they could do.
"While I was aware a lot of these practices were going on, I had no notion of how significant they had become until very late," he said in a CBS "60 Minutes" interview to be broadcast Sunday. "I really didn't get it until very late in 2005 and 2006," Greenspan said.
An excerpt of the interview was released Thursday.
A meltdown in the subprime mortgage market has rocked Wall Street. Foreclosures and late payments have soared and lenders have gone out of business. Nervous financial institutions tightened credit standards, making it harder for even more creditworthy borrowers to get financing. This has increased chances the economy might slide into a recession.
Greenspan, who ran the central bank for more than 18 years -- the second-longest serving chairman in history -- left in 2006. His successor, Ben Bernanke, has had to deal with a credit and financial crisis stemming from the subprime mortgage mess.
When he was at the helm, Greenspan maintained there was little the Fed -- which also oversees the safety and soundness of banks -- could do about the subprime situation. One of the Fed's governors, however, had raised a red flag about questionable lending practices.
"Well, it was nothing to look into particularly because we knew there was a number of such practices going on, but it's very difficult for banking regulators to deal with that," Greenspan said in the interview.
Some blamed Greenspan's interest rate policies for feeding the housing frenzy. Sales had hit record highs and house prices galloped from 2001 to 2005. Then the market fell into a deep slump.
The Greenspan Fed from early 2001 to the summer of 2003 had slashed interest rates to their lowest level in decades. It was done to rescue the economy from the blows of the bursting of the stock market bubble, the 2001 recession, the terror attacks and a wave of accounting scandals that shook Wall Street.
Critics say the Fed kept rates too low for too long, encouraging a Wild West mentality in housing.
Greenspan, however, defended the institution's actions.
"They are mistaken," he said of the critics. "It was our job to unfreeze the American banking system if we wanted the economy to function. This required that we keep rates modestly low," he said.
Meanwhile, some believe that Greenspan would have acted more aggressively than Bernanke in dealing with the current financial crisis. "I'm not sure that's true," Greenspan said. "I think (Bernanke) is doing an excellent job," he said.
Greenspan has written a book, looking back on his life and his days as Fed chief. It will be released on Monday.
Also 60 min Sunday:
http://www.cbsnews.com/stories/1998/07/08/60minutes/main13502.shtml
Nice trade chichi2.
Thank you./
No fills, no stop outs, no nothing
bored........
Fed.(2) 7day RP + 11.00B [net/net Drain -17.00B]
Fed.(3) 1day RP + 5.00B
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Fed.(2) 7day RP + 11.00B [net/net Drain -17.00B]
Fed.(3) 1day RP + 5.00B
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Fed. 14day RP + 5.00B [ Sofar
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
===============================
Fed stuff / correction.
38.00B Matures Tomo
Float: 45.00B
Public Debt: As of today 9/11 we are over 50.00B
Fed. 14day RP + 5.00B [ Sofar
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
See reply to 4 some details.
Fed stuff / correction.
38.00B Matures Tomo
Float: 45.00B
Public Debt: As of today 9/11 we are over 50.00B
*Chichi2...l have tried & sure U have as well with FutureCharts
but can't make the transfer, the have great charts incl able to click on diff time periods.
yea, they stopped invites cnbc after his calling $80 cuz it was not what they wanted....the dumb asses.
Yo Doc, what's T Boone Pickens doing
these days...l'd sure like some time with him or perhaps a conference call....got any markers with him.
yes the float 45B yikes, careful cuz
when they pull the rug gonna be lot rugrats. as noted on the other board.
l'm near 50% cash & on way to Dr Appt.
push cfc under the bus will ya....please !!!
agreed, this is unusual & all financials
are down & the biggies report next week.
Fed. 1day RP + 13.50B [all giveth, 28B
on deck for tomo.
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
Fed. 1day RP + 13.50B [all giveth, 28B
on deck for tomo.
http://www.ny.frb.org/markets/omo/dmm/temp.cfm
W@G2 QQQQ 09/12/07 for a 09/14/07 close
49.85 frenchee
49.56 rayrohn
48.93 DrWorm
48.80 dr_sean
48.25 bob3
47.00 marin