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Wall Street close watch

  • #421
  • Mar 28, 2008 12:40pm Mar 28, 2008 12:40pm
Quote
The FRBNY (i.e., Federal Reserve Bank of New York) has just published a handy chart outlining the eight ways a bank or investment firm can borrow from the nation’s lender of last resort. Five of them were created since last summer:
From:
http://blogs.wsj.com/economics/2008/...alphabet-soup/

Good god.

I also liked this bit:
http://www.frbdiscountwindow.org/cfa...drID=21&dtlID=

Quote
May a depository institution pledge asset-backed commercial paper?
Reserve Banks accept investment-quality commercial paper. Asset-backed commercial paper is viewed as a particular type of commercial paper and thus is eligible for consideration. Reserve Bank discount window staff may request information on the structure and/or the quality of the underlying assets in order to assign appropriate lendable value.

May a depository institution pledge sub-prime mortgages?
The Reserve Banks accept performing mortgages. This could include sub-prime mortgages.
---

Next week should be quite interesting.
Trust price. Know yourself.
  • #422
  • Mar 28, 2008 1:36pm Mar 28, 2008 1:36pm
so is the PPT going to save the day today? you know they dont like sliding on a friday
Relax and be happy.
  • #423
  • Mar 28, 2008 1:54pm Mar 28, 2008 1:54pm
Quoting merlin
so is the PPT going to save the day today? you know they dont like sliding on a friday
Perhaps..I doubt we'll go much lower today(maybe a gentle nudge?) as we need the pin shape on weekly. But if it wants to crash, heyyyyy...

Any guesses of today's close an hour ahead of time?

I'd like 11550, but I doubt I'll get that ;p

Between here(12250ish) and 12380 sounds plausible

*hands hat around for guesses*
Trust price. Know yourself.
  • #424
  • Mar 28, 2008 2:06pm Mar 28, 2008 2:06pm
I'm going to say a close of around -55 or some such benign number. What's PPT@Merlin?
Patience + Humility + Study = Success
  • #425
  • Mar 31, 2008 9:06am Mar 31, 2008 9:06am
LOL EURUSD, GBPUSD and USDCHF just jumped over +30 pips on the opening of the Paulson hour(vs the USD). Also the DJI is dipping into the red.

Welcome Mister Paulson!
Please, do speak your mind!
No pressure!

What a jittery market it's been.
Trust price. Know yourself.
  • #426
  • Mar 31, 2008 9:42am Mar 31, 2008 9:42am
People see what they want to see.
  • #427
  • Mar 31, 2008 10:18am Mar 31, 2008 10:18am
Quoting SunTrader
People see what they want to see.
I wish I were (seeing what I want to see)
Trust price. Know yourself.
  • #428
  • Mar 31, 2008 2:43pm Mar 31, 2008 2:43pm
hi seeking light....

did you hear about queen elizabeth cancelling a party due to financial economic reasons???? i read a post somewhere....haven't seen any article about it though.... and then the gj ang g/u fall lol



we need her to keep popping into the swcene every so often to keep the bulls in line lol







PS i changed my signature for ya!




  • #429
  • Mar 31, 2008 3:27pm Mar 31, 2008 3:27pm
I'm waiting for the day BB prints something like: "Business activity improves due to slowing economy", but these type of overviews one gets at the end o some days are nice enough of a "clear message"
(Maybe I'm just reading things wrong, as always, foreigner that I am)

I wonder if they have a "reason raffle" they hold every day, where everyone in the morning gets to put in one paraphrased AP headline and then for every market that moves up or down they draw one ticket and then assign it as blame and write up their article....I wish I were a cartoonist, I would draw one like that

"And today's reason for Oil falling is...Kate Moss' new boyfriend!"
Attached Image
Trust price. Know yourself.
  • #430
  • Mar 31, 2008 3:31pm Mar 31, 2008 3:31pm
Quoting dagoods
hi seeking light....

did you hear about queen elizabeth cancelling a party due to financial economic reasons???? i read a post somewhere....haven't seen any article about it though.... and then the gj ang g/u fall lol
Haven't, no..cable and GJ also haven't really made any kind of satisfying headway, nor has anything. The DJI however started moving up again a little, but no idea whether this will get as "bad" as anticipated or what..not loving the jitterjatter.
Trust price. Know yourself.
  • #431
  • Mar 31, 2008 5:02pm Mar 31, 2008 5:02pm
I suppose the German press doesn't do the same stupid things our media does?

And before you answer in the negative, realize I have been there done that as far as working for both a German and Swiss company and going to many cities in both countries.
  • #432
  • Mar 31, 2008 5:18pm Mar 31, 2008 5:18pm
Quoting dagoods
did you hear about queen elizabeth cancelling a party due to financial economic reasons????
LOL!! the queen sounds like a great politician! what a great way to connect with the little people
Relax and be happy.
  • #433
  • Mar 31, 2008 5:46pm Mar 31, 2008 5:46pm
Quoting SunTrader
I suppose the German press doesn't do the same stupid things our media does?

And before you answer in the negative, realize I have been there done that as far as working for both a German and Swiss company and going to many cities in both countries.
Nah(as in they're not smarter, either), the fun bit about the DAX news reports are that they pretend it actually mattered what stocks moved inside(as in "BMW caused the DAX to lose x points") of it instead of just saying "hey, it's a DJI sheep, what do you expect? We go where they go, and the individual stocks affected are just planks from the big ship moving round".

Dunno, ever since realizing that it's really an index doing the pushing and shoving and therefore affecting 3 out of 4 stocks bias-wise regardless of what they stand for or are about, I've felt that all that singular-stock reporting stuff is a bit...meh.

But I guess one can view it both ways.
Trust price. Know yourself.
  • #434
  • Mar 31, 2008 6:10pm Mar 31, 2008 6:10pm
this story came out right before the gu and gj dropped about 300 pips lol

http://timesofindia.indiatimes.com/W...ow/2911091.cms
  • #435
  • Mar 31, 2008 9:54pm Mar 31, 2008 9:54pm
On GJ 300 pips, not GU.
  • #436
  • Mar 31, 2008 10:42pm Mar 31, 2008 10:42pm
Quoting SunTrader
On GJ 300 pips, not GU.

yes sun....sorry for the exageration....gu still on its way to -300 lol
  • #437
  • Apr 1, 2008 2:26am Apr 1, 2008 2:26am
So I read

Quote
UBS wrote down an additional $19 billion on assets on Tuesday, causing a net loss of 12 billion Swiss francs in the first quarter
from http://www.cnbc.com/id/23892159

and the first thing that happens upon open is that the DAX shoots up 70 points in a hurry and DJI futures just as well.
Really now..

Have we moved on to the "more losses posted = better since we then know them" and "reissuing shares = no longer means dilution, but capitalization, so yay" or what am I missing again?

Also I think I saw a 600bln BOJ JPY injection whizz by.
Trust price. Know yourself.
  • #438
  • Apr 1, 2008 3:50am Apr 1, 2008 3:50am
Quoting SeekingLight
So I read


from http://www.cnbc.com/id/23892159

and the first thing that happens upon open is that the DAX shoots up 70 points in a hurry and DJI futures just as well.
Really now..

Have we moved on to the "more losses posted = better since we then know them" and "reissuing shares = no longer means dilution, but capitalization, so yay" or what am I missing again?

Also I think I saw a 600bln BOJ JPY injection whizz by.

where did u read about boj??? can u post a link

thanks


regards



d
  • #439
  • Apr 1, 2008 4:52am Apr 1, 2008 4:52am
Quoting dagoods
where did u read about boj??? can u post a link
thanks
regards
d
It was just a one liner from the news plugin that moved past, don't have it anymore.

//

Looks like we're getting that "must have it" rally I was wondering about so far..
And USD gets it's turn as equities rise. I wonder where / how far this will go.
Everything's looking a bit stubborn for now.
Trust price. Know yourself.
  • #440
  • Apr 1, 2008 6:03am Apr 1, 2008 6:03am
Seeking,

See? I told you you answered your own question a while back. Remember though, it is April Fools Day :
Patience + Humility + Study = Success
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