I know nothing about that. I have never come come from a club........before 5 a.m.
and Turtle, you know damm well the reason your home gym is in the garage is because it's still in the box, don't lie to us
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Cesarnc's market talk, gossips, rumours & fun
- #5,281
- Feb 22, 2008 7:47am Feb 22, 2008 7:47am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
- #5,282
- Feb 22, 2008 7:48am Feb 22, 2008 7:48am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #5,283
- Feb 22, 2008 7:52am Feb 22, 2008 7:52am
- | Joined May 2007 | Status: Trader | 4,716 Posts
I know nothing about that. I have never come come from a club........before 5 a.m.
and Turtle, you know damm well the reason your home gym is in the garage is because it's still in the box, don't lie to us
That was a good one.......
No, but it is out the box and chatting with you guys between sets until the market starts moving...
HOLLA
- #5,284
- Feb 22, 2008 8:02am Feb 22, 2008 8:02am
- | Joined May 2007 | Status: Trader | 4,716 Posts
Yeah seriously, I can't do the home gym. It is totally not a motivating factor.
I was going to the gym for 20 years on base, but got tired of people sitting their NASTY a$$ on the bench near their locker without a towel.....YUCK!!!
That made me get a home gym.....
HOLLA
- #5,285
- Feb 22, 2008 8:19am Feb 22, 2008 8:19am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Is Time Running Out for Bond Insurers?
MBIA BOND INSURER AMBAC CREDIT CRUNCH RATINGS AGENCIES
By Charles Gasparino, On-Air Editor
CNBC.com
| 22 Feb 2008 | 09:05 AM ET
As troubled bond insurers like MBIA and Ambac fight to maintain their triple-A ratings, officials at these firms are pondering how their businesses might look if they do indeed get downgraded, CNBC has learned.
The decision by the big ratings agencies, Moody's, Standard & Poor's and Fitch is imminent, and at least one of the raters could make an announcement sometime today.
Bond insurers guarantee bonds held by investors from default, agreeing to pay interest and principle if the issuer doesn't do so. But maybe more important to investors is that insurers also lend their triple-A rating, the highest rating in the bond market, to the bonds as part of their insurance package.
People inside the New York State insurance department, which has taken the lead in trying to prop up the insurers, say both MBIA and Ambac have enough assets to cover losses stemming from their insurance of depressed collaterialized debt obligations, or CDOs, held by large banks like Citigroup.
The bigger question is whether these firms can compete with ratings less than triple-A, particularly now that the bond insurance business will be focusing on covering bonds of municipal governments. Many large investors of municipal debt can only hold securities with triple-A ratings.
In addition, a lower rated MBIA and Ambac would also have to compete against other triple-A rated insurers, like the one Warren Buffett says he's creating.
Meanwhile, a downgrade of MBIA and Ambac could pose big problems for the banks that hold bonds they insure. Analyst Meredith Whitney said on CNBC yesterday that the downgrades could cause writedowns of another $75 billion at the big banks.
Of course, MBIA and Ambac could still convince the rating agencies to maintain their triple-A's, something that New York State insurance commissioner Eric Dinallo has been working on for the past month.
As reported on CNBC, Dinallo is working on separate plans with consortiums of bank that may infuse capital and provide lines of credit to sure-up the bond rating businesses at FGIC and Ambac and prevent downgrades. MBIA recently raised several billion dollars in new capital from Warburg Pincus.
But analysts are increasingly skeptical that even with the infusion of cash downgrades can be avoided because of the massive losses the insurers might take on their coverage of CDOs and other bonds that are packed with depressed subprime loans. As evidence, they point to recent management changes at MBIA and other moves; just yesterday, MBIA announced that wants to split its municipal bond business to shiled it from the losses on its business of insuring CDOs. The move is being seen as a way to placate regulators and bond raters as a decision nears.
2008 CNBC.comURL: http://www.cnbc.com/id/23291851/
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- #5,286
- Feb 22, 2008 9:17am Feb 22, 2008 9:17am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
I say we've had our Friday 
- #5,287
- Feb 22, 2008 9:20am Feb 22, 2008 9:20am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #5,288
- Feb 22, 2008 9:39am Feb 22, 2008 9:39am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #5,289
- Feb 22, 2008 10:07am Feb 22, 2008 10:07am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #5,290
- Feb 22, 2008 10:18am Feb 22, 2008 10:18am
- Joined Jul 2007 | Status: C.E.O of BWR Investment firm | 4,736 Posts
NY'ers are some of the best people on earth. No joke.
Different criticisms can be made about others. Phony, plastic West Coast airhead sunworshippers, and ignorant, stupid, hypocritical religous zealots in the South and slow driving, big hat-nocattle "cowboys" in Texas etc etc.
New York is probably the biggest city with the lowest crime rate in the world. Can they be impatient, impulsive, hyper, arrogant. You bet but how would anyone be in a city over 8 million and surrounding suburbs of another 7 million.
There must be a real good reason why there are people living there from just about every country on ths face of the planet.
A little late there, were already on to traffic, still on women and Turtle's imaginary gym thats still in the box collecting dust.
Just Trade It
- #5,291
- Feb 22, 2008 10:19am Feb 22, 2008 10:19am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
A little late there, were already on to traffic, still on women and Turtle's imaginary gym thats still in the box collecting dust.
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- #5,292
- Feb 22, 2008 10:30am Feb 22, 2008 10:30am
- | Joined May 2007 | Status: Trader | 4,716 Posts
I say we've had our Friday
Time to party.............
Enjoy your weekend, going to celebrate my birthday tonight and tomorrow......
HOLLA
- #5,293
- Feb 22, 2008 10:38am Feb 22, 2008 10:38am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Enjoy your weekend, going to celebrate my birthday tonight and tomorrow......
HOLLA
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- #5,294
- Feb 22, 2008 10:39am Feb 22, 2008 10:39am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
WAS THAT WEAK OR WHAT......
Time to party.............
Enjoy your weekend, going to celebrate my birthday tonight and tomorrow......
HOLLA
- #5,295
- Feb 22, 2008 10:41am Feb 22, 2008 10:41am
- | Joined May 2007 | Status: Trader | 4,716 Posts
A little late there, were already on to traffic, still on women and Turtle's imaginary gym thats still in the box collecting dust.
Man you are killin me.....
Luv it bro........
HOLLA
- #5,296
- Feb 22, 2008 10:43am Feb 22, 2008 10:43am
- | Joined May 2007 | Status: Trader | 4,716 Posts
THANKS ALL......
BWR already has me ROFL, with his comedy hour.....
Luv this thread, THANKS CESARNC......
HOLLA
BWR already has me ROFL, with his comedy hour.....
Luv this thread, THANKS CESARNC......
HOLLA
- #5,297
- Feb 22, 2008 10:45am Feb 22, 2008 10:45am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
@BWRHappy B'day Turtle
Patience + Humility + Study = Success
- #5,298
- Feb 22, 2008 10:47am Feb 22, 2008 10:47am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
WAS THAT WEAK OR WHAT......
Time to party.............
Enjoy your weekend, going to celebrate my birthday tonight and tomorrow......
HOLLA
Its ya birthday, its ya birthday.
And George Washington's too.
- #5,299
- Feb 22, 2008 11:27am Feb 22, 2008 11:27am
I confess I'm expecting blood until the week is over... big blood bath!
This is the daily chart for the Dow and I'm waiting to see that triangle broken down. Also my little knowledge of Elliot Waves tells me we're either in 5 of a bear market or in wave C of a bull market correction... anyway... it should go down.
Only problem is I'm nervous because my position is quite big for my small wallet. So I'm keeping eyes open and ready to close everything if it breaks Tuesday's highs.
Guys... pass me the girls, I need to relax
Happy birthday Turtle and lets PARTY!
(and Cesar... don't do that "turn around thing" with the DOW ending up or I'll kill you this time!)
- #5,300
- Edited 11:55am Feb 22, 2008 11:54am | Edited 11:55am
- Joined Jul 2007 | Status: Never Give In | 2,518 Posts
Wrote this yesterday morning... so as the triangle breaks I can call this week over, move the stops to break even and await a great next week.
Happy birthday Turtle and lets PARTY!
(and Cesar... don't do that "turn around thing" with the DOW ending up or I'll kill you this time!)
BTW, Good call!
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