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what happened to that numbers leak you were talking about?
OT - RIP Macho Man Randy Savage
Died in a car accident after suffering a heart attack at the age of 58.
from briefing.com
10:31 QPSA Quepasa trades to HoD; Hearing Facebook for QPSA making the rounds (8.97 +0.65)
<Sina, Sohu And....PWRD 6% all of them. >
don't forget MOBI,QIHU and YOKU
That is good news. I better jump in and start buying.
<For the first time in my trading life I now WANT a crash.I want this whole house of cards taken down and me with it.My 401K will get killed and we will all be finacially gutted but I no longer care.>
You may want to call for a time out to regroup :)
At Nasdaq 5000 the waiter and cab driver were more busy trading stocks than doing their jobs. I don't see that today. Not even close to that type of environment. When we get back to stock split announcements causing a stock to go up 50% then year 2000 comparisons can begin :)
13:07 Moody's downgrades Greece to Ba1 from A3, stable outlook
Major indices drop to fresh session lows following reports that S&P cuts Greece to junk
Dec 24
Equity Markets Close Early for Christmas Eve (13:00) EST
Can someone pass me the AONE?
AONE 25.65 +3.04 +13.45%
The payroll numbers are rigged because I never see a revision where the number first reported has to be revised to better than reported but it is always the revised number is actually worse than first reported.
<Hey West what do you make of this pump? Pump'n dump?>
I am here to confirm the pump'n dump :)
here is the link but you need a subscription:
http://www.briefing.com/Platinum/InDepth/InPlay.htm
Briefing.com
14:10 ECONX Summary of FOMC Minutes
As of March 12, the System's total assets and liabilities were about $2 trillion, close to the level of that just before the January 27-28 meeting. Holdings of agency debt and agency MBS had increased, while foreign central bank drawings on reciprocal currency arrangements had declined. Credit extended by the Commercial Paper Funding Facility also had declined, as 90-day paper purchased in the early weeks of the program matured and a large portion was not renewed through the facility... Most meeting participants interpreted the evidence as indicating that credit markets still were not working well, and that the Federal Reserve's lending programs, asset purchases, and currency swaps were providing much-needed support to economic activity by reducing dislocations in financial markets, lowering the cost of credit, and facilitating the flow of credit to businesses and households. Participants discussed the prospective further increase in the Federal Reserve's balance sheet, with a focus on the Term Asset-Backed Securities Loan Facility (TALF) and open market purchases of longer-term assets... Participants agreed that the asset purchase programs were helping to reduce mortgage interest rates and improve market functioning, thereby providing support to economic activity... The staff's projections for real GDP in the second half of 2009 and in 2010 were revised down, with real GDP expected to flatten out gradually over the second half of this year and then to expand slowly next year as the stresses in financial markets ease, the effects of fiscal stimulus take hold, inventory adjustments are worked through, and the correction in housing activity comes to an end. The weaker trajectory of real output resulted in the projected path of the unemployment rate rising more steeply into early next year before flattening out at a high level over the rest of the year. The staff forecast for overall and core personal consumption expenditures (PCE) inflation over the next two years was revised down slightly. Both core and overall PCE price inflation were expected to be damped by low rates of resource utilization, falling import prices, and easing cost pressures as a result of the sharp net declines in oil and other raw materials prices since last summer... In the discussion of the economic situation and outlook, nearly all meeting participants said that conditions had deteriorated relative to their expectations at the time of the January meeting. The slowdown was widespread across sectors... With regard to the outlook for inflation, all participants agreed that inflation pressures were likely to remain subdued, and several expressed the view that inflation was likely to persist below desirable levels... Participants did not interpret the uptick in housing starts in February as the beginning of a new trend, but some noted that there was only limited scope for housing activity to fall further. Nonetheless, large inventories of unsold homes relative to sales and the prospect of a continued high level of distressed sales would continue to hold down residential investment in the near term... Overall, most participants viewed downside risks as predominating in the near term, mainly owing to potential adverse feedback effects as reduced employment and production weighed on consumer spending and investment, and as the weakening economy boosted the prospective losses of financial institutions, leading to a further tightening of credit conditions... In the discussion of monetary policy for the intermeeting period, Committee members agreed that substantial additional purchases of longer-term assets eligible for open market operations would be appropriate. Such purchases would provide further monetary stimulus to help address the very weak economic outlook and reduce the risk that inflation could persist for a time below rates that best foster longer-term economic growth and price stability. One member preferred to focus additional purchases on longer-term Treasury securities, whereas another member preferred to focus on agency MBS. However, both could support expanded purchases across a range of assets, and several members noted that working across a range of assets and instruments was appropriate when the effects of any one tactic were uncertain. Click on following link to view full minutes.
14:01 FOMC minutes: Fed Staff Cuts 2H '09, '10 GDP Forecasts; Sees Jobless Rate Up 'More Steeply' Into '10 - DJ
14:00 FOMC: Fed Funds Rate To Stay 'Exceptionally Low' - DJ
14:00 FOMC MAR 17-18 MINUTES SHOW FED FELT U.S. ECONOMY WAS DETERIORATING, FOREIGN ACTIVITY SOFTENING - Reuters
GS doing well thanks to taxpayer dollars
http://www.newsweek.com/id/190111
14:59 AIG American Intl: Treasury to force bonus repayment - WSJ (0.89 +0.39) -Update-
<But he also told Geithner that he felt it could be harmful to the company if the government continued to press for reductions in executive compensation.>
I wonder what those greedy bastards would be saying if they didn't get bailed out and went down the toilet.
Microsoft seeks money from laid-off workers
Company says software glitch caused it to pay some too much severance
Microsoft seeks money from laid-off workers
Man says Suleman asked him to donate sperm
Government vows to shore up banking system
Federal judge pleads guilty before start of trial
Senator apologizes for Ginsburg remark
Most viewed on msnbc.com
IRS claims Swiss bank concealed accounts
A Mexican abduction: Cop apathy, few answers
BofA's CEO subpoenaed over Merrill bonuses
Thain under pressure to give up bonus details
Questioning Stanford could get you fired
Most viewed on msnbc.com
Microsoft seeks money from laid-off workers
New England snow cuts power, shuts schools
Man says Suleman asked him to donate sperm
Federal judge pleads guilty before start of trial
4 common marriage problems — and solutions
Most viewed on msnbc.com
updated 1 hour, 10 minutes ago
SEATTLE - A few weeks after launching the first wide-scale layoffs in its history, Microsoft Corp. admits it messed up a key part of the plan.
The company is asking some laid-off employees for a portion of their severance back, saying an administrative glitch caused the software maker to pay them too much.
Lou Gellos, a Microsoft spokesman, would not say how many of the 1,400 workers let go in January were overpaid, or by how much. Microsoft has said severance would be calculated by length of service and position in the company.
Story continues below ↓advertisement | your ad here
The Redmond, Wash.-based software maker is asking former employees for reimbursement, by check or money order, within two weeks, according to a redacted letter posted by the technology blog TechCrunch. Gellos confirmed the letter's authenticity.
With the recession biting into sales of Microsoft's core Office and Windows software, Microsoft said in January it would let up to 5,000 of its 94,000 employees go, the only mass layoff in its 34-year history.
Warren Buffett says economy will not turn around by mid-'09; Unemployment to go 'considerably higher' than Fed est according to Fox - DJ
08:31 Last-minute share rises cause trading suspicions - NY Times
NY Times reports the last five minutes of trading on the last day of the quarter were very good to a significant number of stocks on Tuesday, including battered financial shares. Tuesday's closing prices were particularly important to money managers who report their performance based on quarterly figures, and suspicions of "painting the tape" — buying shares at the end of the day to drive up the price — have been common during the final minutes of a quarter. Part of the answer as to whether tape-painting occurred may come Wednesday morning when shares with the largest moves reopen for trading... For many stocks, the final move was striking. Sallie Mae (SLM), formally known as SLM, for example, rose 10% during those minutes, accounting for more than half the day's rise. The brokerage co Charles Schwab (SCHW) and the KeyCorp (KEY), a banking company, each leaped 7% in the final minutes, moves that accounted for more than one-third of their gains for the day. Old Republic International (ORI), an insurance company; XL Capital (XL), another insurance co; and Janus Capital (JNS), a money management co, all jumped more than 5% in the final minutes, moves that accounted for at least 30% of their gains for the day.
<Ameriturd having problems here also>
Tradestation had no problems at all this morning. You may want to take a look at it.
Check out this article by Cramer from April 2007. He is telling readers to buy the investment banks (GS, BSC, MS, LEH and MER) because they are cheap. He said you would make 50% on them in a year and double your money in 3 years. LOL. What a moron. CNBC should pull up that story and ask him what happened.
http://nymag.com/news/businessfinance/bottomline/31275/
<NASA has scheduled a media teleconference to announce the discovery of an object in our Galaxy astronomers have been hunting for more than 50 years>
did they just find Uranus?
I need a bailout for the money that I lost on CDE. It was supposed to explode higher from all the shorts having to cover after it broke thru $5. LOL
<Abby Joseph Cohen to Stop Making Stock Market Forecasts >
Does this mean the bottom is in?
thanks Duster. That would indeed be $2 a share. Amazing what $2 can get you these days.
From the news I think the proposal is about .55 share of JPM for every 1 share of BSC. Using the closing prices from Friday that would be about .55 X 36.49 = 20.0255 for every 1 share of BSC which I have as closing at 29.91.
They have already reported that Petite is also on the list. The rumor is that quite a few Yankees may be on the list.
OT - Roger Clemens reported to be in Mitchell report
That guy is just jealous because he keeps waiting for the sky to fall but it hasn't. If he has been short the past few years he is walking around with an extra asshole now. LOL
Congrats on your MSFT position.
What would happen if the market falls into your "change of direction point" Nov 5 ?
Would your opinion be changed to the market moving up from there for a number of weeks instead of declining?
<I've said 2010-2012 could be a repeat of 2000-2002 and I'll stick to that.>
I'll take that as long as we get a repeat of the 1999/2000 tech run :)
Do you like ADY?
Long from 21.60
Anyone here ever heard of CNUV. It's supposedly a Chinese Solar Company.
So I assume that you are currently 100% short?
<This is a special update. We have identified that the Stock Market Crash has started as of September 19, 2007 @ 11:00am, with the Dow, tagging 13,867. There may not be a recovery until Friday, November 9, 2007. >
Isn't this how the War of the Worlds started?
<Mystery illness strikes after meteorite hits Peruvian village
Mon Sep 17, 11:23 PM ET
LIMA (AFP) - Villagers in southern Peru were struck by a mysterious illness after a meteorite made a fiery crash to Earth in their area, regional authorities said Monday.
ADVERTISEMENT
Around midday Saturday, villagers were startled by an explosion and a fireball that many were convinced was an airplane crashing near their remote village, located in the high Andes department of Puno in the Desaguadero region, near the border with Bolivia.
Residents complained of headaches and vomiting brought on by a "strange odor," local health department official Jorge Lopez told Peruvian radio RPP.
Seven policemen who went to check on the reports also became ill and had to be given oxygen before being hospitalized, Lopez said.
Rescue teams and experts were dispatched to the scene, where the meteorite left a 100-foot-wide (30-meter-wide) and 20-foot-deep (six-meter-deep) crater, said local official Marco Limache.
"Boiling water started coming out of the crater and particles of rock and cinders were found nearby. Residents are very concerned," he said>
<CFC does everyone on this board think CFC will eventually go bankrupt? what do you all think?>
I hope not. If they go bankrupt where will I get my fried chicken from? Maybe go to Boston market instead.
<BX: Pump and dummmmmmmmmmp! eom>
bigpoppapumpanddump is your hookup
holla if ya hear me