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I think when discussing Matt, a very famous movie quotation comes to mind, one that is full of thought and emotion:
Dean Wormer, Animal House
"Fat, drunk, and stupid is no way to go through life."
Of course, that applies to half the people on this board.
Buzz
"LUV calls" ..................
you're resorting to phone sex now???
well, if you weren't canadian .....
Sorry, I was drunk. eom
I'll go ahead and wager my guess for tomorrow.
Dow close +/- 0.00.
I saw that. Two people posted to me regarding it. Good fucking riddance.
The sad part is, I made really good money on the trade, left some freebies that I dumped when the third red flag was raised, and I told everyone here and on that board to get the fuck out and stay away when it was still over a penny.
Wish everyone had listened to me.
Buzz
The FAS will pass the FAZ in price soon. They have seriously disconnected in percentage recently. We're in a new quarter, so the underlying derivatives have altered in value, and hedges within the FAS have lightened up, so it will move more, while the FAZ are heavier, so it will move less. Keep in mind each is hedged internally for the day.
Hard to believe the FAZ was at 100.00 a few weeks ago.
Buzz
Just make sure the ceo's name isn't "PLANT" lmao
i hope that's not money you had planned for anything if brig picked it
Buzz
and a good friday to you as well, but it's thursday
Is the market closed tomorrow? I'm too lazy to look
Yep, we're living in the SSSA, the semi socialist states of america. The government is now:
Trying to run the auto industry.
The largest owner of bank debt.
Witholding information so as not to "complicate the stock market".
WHAT HAPPENED TO ALL THAT TRANSPARENCEY OBAMA TALKED ABOUT???
Hey, I know, the gov should just say, ok the dow's going up 150 tomorrow, that's what we've decided. Then we'll all just know exactly what to do. Price fix the whole thing. Who cares.
A guy on NPR said the other day, and that's about as liberal as you can get, said "I feel like we went to bed with the prince but woke up with the frog".
Buzz
When does MSGI get back? I'm in a sympathy sit out.
BIll gates should buy it, then use their rockets and pseudo nukes to blow up apple and get that pesky thorn out of his but once and for all.
;)
Buzz
Dow close 4:00PM EDT
Dow close -122
Dow close -289
What was cramer saying about a housing shortage by summer?
Foreclosures up 30 percent in February
Thursday March 12, 1:19 am ET
By Alan Zibel, AP Real Estate Writer
US foreclosures rise in Feb. from month earlier and remain 30 percent above last year's levels
WASHINGTON (AP) -- Despite halts on new foreclosures by several major lenders, the number of households threatened with losing their homes rose 30 percent in February from last year's levels, RealtyTrac reported Thursday.
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Nationwide, nearly 291,000 homes received at least one foreclosure-related notice last month, up 6 percent from January, according to the Irvine, Calif-based company. While foreclosures are highly concentrated in the Western states and Florida, the problem is spreading to states like Idaho, Illinois and Oregon as the U.S. economy worsens.
"It doesn't bode well," for the embattled U.S. housing market, said Rick Sharga, vice president for marketing at RealtyTrac, a foreclosure listing firm. "At least for the foreseeable future, it's going to continue to be pretty ugly."
The rise in foreclosure filings came despite temporary halts to foreclosures by Fannie Mae and Freddie Mac, and major banks JPMorgan Chase, Morgan Stanley, Citigroup and Bank of America. Those companies pledged to do so in advance of President Barack Obama's plan to stem the foreclosure crisis, which was launched last week.
Two states that contributing to the increase were Florida and New York, where temporary bans on foreclosures ended.
But other states are moving to enact similar measures. On Wednesday the Michigan House approved legislation that would give homeowners facing foreclosure a 90-day reprieve. The legislation now goes to Michigan's Republican-led Senate, where its future is unclear.
While the number of foreclosures continue to soar nationwide, banks have held off listing properties for sale, Sharga said. There were around 700,000 such properties nationwide at the end of last year, making up a "shadow inventory" of unsold homes that could drag the housing crisis out even longer.
"It's going to take us longer than you might anticipate to burn through he inventory of distressed properties," he said.
Dow pick for thursday .........
-6,930.39 to close at 0.01.
Buzz
Obama, Geithner urge strong action by US allies to combat deepening global recession
WASHINGTON (AP) -- Warning that the global recession is deepening, the Obama administration on Wednesday called on major U.S. allies to do their part and support strong stimulus programs to fight the downturn.
The administration said decisive action is needed by all countries to complement what is being done in the United States. Treasury Secretary Timothy Geithner outlined an ambitious agenda, including a tenfold increase in the size of an emergency fund the International Monetary Fund uses to help countries in trouble to as much as $500 billion.
"We can do a really good job here at home, with a whole host of policies, but if you continue to see deterioration in the world economy, that's going to set us back," President Barack Obama said in the Oval Office following a briefing by Geithner.
WTF!!!!!!!!!!!!! You forgot to put mine in
Posted by: BuzzOnDaBeach Date: Wednesday, March 11, 2009 1:40:05 AM
In reply to: Rawnoc who wrote msg# 188709 Post # of 188819
Dow will close up 3.91 on Wednesday at 6,930.40.
Buzz
Was he drunk?
Well who gives a flying fuck how the NBER define a recession. The US government definition is the only one that matters since that's all the media pays attention to, and the Fed's definition is two quarters of GDP decline.
AND they have a really butt ugly website.
Buzz
And it's funny as hell to me that now people are saying, oh, we've been in a recession for over a year, but a year ago, no one knew we were in a recession. CNBC kept saying we'd avoid recession.
Posted by: BuzzOnDaBeach Date: Tuesday, February 05, 2008 3:45:25 PM
In reply to: budge who wrote msg# 153250 Post # of 188704
reality check, we're not heading into a recession. We are IN a recession.
Buzz
Anual data vs. business cycles in monthly data. The bottom line is, according to the Beige Book, we'll see a continued decline in the GDP for Q1, which means the recession can't be over since a recession is defined as a declining GDP.
Buzz
A recession can't end while the unemployment rate continues to increase.
A recession is "economic contraction". Technically, it's based on a decline in GDP.
You asked "could the recession have ended in December".
Between December and March, the unemployment rate increased by 1% while the GDP declined. Thus, the recession could not have possibly ended in December, since the GDP has shown a decline since then.
Until you see the unemployment rate stabilize, meaning companies are no longer downsizing, closing, filing Bk, or otherwise NOT contributing to economic growth, then the recession won't end.
Buzz
A recession can't possibly end with an 8.1% unemployment rate.
Buzz
Yep, here's our bear market rally. I was hoping or a run off 6,000, but 6,500 will have to do.
Shold peak around 7500, then final leg down to 5000. More of a slow grind to 5500, then capitulation.
Don't let nobody tell you this is the bottom.
ESPECIALLY cnbc.
Buzz
This contest must be flawed somehow. I can't believe any contest that Brig might win.
Buzz
That post deserves a ..........
go fuck yourself.
Buzz
Who banned MSGI? He shouldn't be benned. eom
You seem to know a lot about him. Secret fan club member???
U could sell brig's third testicle. He doesn't need it anymore, that's for sure.
Buzz
You know what look's really cheap???
Raw's wife on a saturday night.
Buzz
Maybe a capitulation day followed by a monster rally for a bit, dow recovery to maybe 7500, s and p might get near 780, then we'll get another big leg down IMO. I'd like to see a dip to around 6000 on the dow prior to a big ass bear rally.
S and P should bottom out around 500, which is dow 5000, and nasdaq around 1000. That might be a sustainable bottom.
That, or the US may just have to file bk.
The consumer credit shit hasn't hit the fan yet.
Buzz
Is that a "6" followed by a "5" I see? eom
Market up but financials and insurance sectors were down for the day.
Buzz
Have we started a new bull market??? lol
hippies. oem