Cesarnc's market talk, gossips, rumours & fun

me 2,..today a broker from japan called me, and said if i am interesting in some stock which went from 17 to 152 in 3 month,...and he was convincing me it will go to 225 usd, are u geting me...thats what he repeted 4 times,....thank you for such generous offer,... on a first april,...will see what april the 2 bring us, not 2 far away...the asia still sleeps,...poor yen...

i don't remember where i read that, but i was sure it was something like "the worst might not be over".
or i am dreaming.

p.s. i found it, i WAS dreaming. the worst might be over they say. oh well. so... what worst are we talking about?

I think market movers and analysts and newires are joining "The Secret" phylosophy.

"Market is strong! Market is brave! Market shall overcome all difficulties! Market will take me to heaven with it! Money will come unexpectedly to my mail! My house won't be taken out! My $10 Bear will be strong again and explode to $500 in 30 days! The universe is under my command! Bernanke knows what he's doing........."

Put some Enya and repeat this mantra every day right before the morning fart and after the morning shave, they say. Well, with Rates at 2.25% and BILLIONS of dollar pumped to the drain, we are that close to run out of resources.

My local council just annonced that we are 6 years away from filling our landfill sites - WTF

then i thought, ahh yes we have 2 of europes biggest US Airbases in this county, and we all know how much BS is coming out of america these days.

HOLLA

Bernanke smoking a joint, I mean, speaking to a Joint Economic Committee on Wednesday. Should be ...... interesting.

He must have stock in "THC"........

HOLLA

who thinks that is a good idea to give more power to the fed ???

I'm starting to think that this all recession thing was only a rumor by the fed to have more power.... in fact... now that they have the power... they can say that the recession is not going to be strong and all is going well again...

ohhhhh thanks bernanke for saving the world !!!.. s**t

Long Dollar Long




Now watch it tank since I posted it

hehe... a trading system... which is go long if one thinks short... and go short if one thinks long, maybe is the holy grail.... haha

Wow, it has been going down since you posted it.

Long Dollar LONG!!!!

Need it to tank some more..

Yeah, Mr. Bernanke will do that at around 09:30 EST.

Senators Agree on Draft Housing Rescue Bill

HOUSING RESCUE, MORTGAGE HELP, SUBPRIME CRISIS, SUBPRIME LENDING, RELIEF, HOMEOWNERS, SENATE
By Reuters

Reuters
| 02 Apr 2008 | 04:50 AM ET


Democrats and Republicans in the U.S. Senate agreed Tuesday to draft a housing rescue bill that could deliver billions of dollars to homeowners facing foreclosure and help steer the economy away from a deep recession.


Democratic leaders want the federal government to pay for more mortgage counselors, rehab projects for empty homes and tax breaks for borrowers stuck in unaffordable loans. Perhaps the most controversial provision of their plan would let bankruptcy judges erase some mortgage debt.

Lawmakers and policy-makers on all sides agree that the country is facing a tough economic crisis led by a wave of failing home loans, but Republicans generally resist a big government bailout.

Earlier this year, Democratic lawmakers failed to muster enough votes to carry their agenda unilaterally and so decided to work with Republicans.
Setting a deadline of noon Wednesday to reach a bipartisan deal, the senators said they would try to overcome deep disagreements over the scope of the legislation.

"Bipartisan senators are committed to moving forward with legislation," Senate Majority Leader Harry Reid, a Nevada Democrat, told reporters.
Senate Minority Leader Mitch McConnell, a Republican from Kentucky, said senior members of the Senate Banking Committee would work together over the next 24 hours to merge proposals from both parties.

The compromise language will chiefly be written by Sen. Christopher Dodd and Sen. Richard Shelby who are, respectively, the top Democrat and Republican on the Senate Banking Committee.

Tough Fight over Bankruptcy
Democrats have called for $200 million in new funds for pre-foreclosure counselors and $4 billion in grants to local communities who must now help caretake empty homes.

A mortgage bond program would be expanded and home buyers would have have new consumer protections if Democratic language makes its way into the final bill.

Like most mortgage lenders, Republicans generally oppose the Democrats' proposed bankruptcy changes, and several industry and consumer sources said that they expect a tough fight over that provision.

Illinois Democratic Sen. Richard Durbin said: "The bankruptcy provision is critical ... We have really tried to keep this as limited as possible."


Durbin told reporters he did not know how Dodd and Shelby will handle the provision, adding: "I've been given an assurance that there will be a vote on the bankruptcy provision."

Republicans have offered several proposals on the housing crisis, including giving a $15,000 tax credit over three years to purchasers of homes in or near foreclosure.

Shelby noted there is a "crisis of confidence" in housing and financial markets and said the banking committee probably will work all night on getting the bill together.

Dodd said the Bush administration seems to be coming around to supporting some of the housing measures in Congress. "They have warmed up. I'm hopeful we can do something here that will attract their support," Dodd told reporters.


The House in mid-November adopted a bill aimed at preventing some of the lending abuses that helped inflate the recent home price bubble that is now deflating.

The White House last month voiced support for some of the proposals in the House bill. The administration has also asked for voluntary support from banks to help distressed mortgage borrowers work out their debts.

Dodd and Massachusetts Democratic Rep. Barney Frank have both proposed permitting the Federal Housing Administration to offer $300 billion more in new guarantees to help refinance distressed mortgages that banks and mortgage holders have agreed to write down significantly.


That sweeping plan is likely to be pushed off until after the senate resolves the latest housing-aid package.

The announcement of the agreement to seek a compromise came just prior to the Senate voting 94-1 in a procedural test to allow debate on a housing bill written by Democrats.

Kentucky Republican Sen. Jim Bunning was the only senator to oppose the procedural test, which needed 60 votes to pass.

The overwhelming win on the test vote underscored the strength of the agreement to work for a compromise.

Copyright 2008 Reuters. Click for restrictions.
URL: http://www.cnbc.com/id/23912176/

Yeah... after that the next chapter will be "The Failure of Capitalism: The story of US becoming a socialism country"???
This is totally BS..

Bernanke BS-ing congress today...

I think we should get down there and start a riot. Great chances blown-up traders will be bailed out. If you haven't blown up your account, just show a writedown or something.

The key is scream, complain, cry like a starving baby and billions will flow. Worked for big banks, shall work for us :

following my theory of the speechs... dollar will fall during or after the speech

hey where do u think carries can form a top 159.90 in e/y currently....161?...162?..or should we short right now...ha?

considering it didn't touch the daily pivot... the first R1 target of 160.00 is quite a reasonable target.