Please Dow put some gains today...
Cesarnc's market talk, gossips, rumours & fun
- #12,481
- Oct 9, 2008 7:57am Oct 9, 2008 7:57am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #12,482
- Oct 9, 2008 10:04am Oct 9, 2008 10:04am
- | Joined May 2007 | Status: Trader | 4,716 Posts
Hey Turtle - thanks for that great article - best explaination that I've seen.
Doubtless you've already seen that Iceland looks like being the first COUNTRY to go bust.....http://www.forexfactory.com/images/icons/icon11.gif
Oct. 9 (Bloomberg) -- Iceland's government seized control of Kaupthing Bank hf, the nation's biggest bank, completing the takeover of a banking industry that has collapsed under the weight of its foreign debt.
Iceland is guaranteeing Kaupthing's domestic deposits and taking control of banks in an attempt to provide a ``functioning domestic banking system,'' the country's Financial Supervisory Authority said in a statement on its Web site today.
The banks are saddled with about $61 billion of debt, 12 times the size of the economy, according to data compiled by Bloomberg. The government is seeking a loan from Russia and may ask for aid from the International Monetary Fund to help guarantee deposits. The central bank ditched an attempt to fix the krona yesterday as the currency went into freefall.
``This looks like a total collapse,'' said Thomas Haugaard Jensen, an economist at Svenska Handelsbanken AB in Copenhagen. ``It'll take several years before the economy can start to return to growth.''
Trading in the krona ground to a halt today following the FSA's announcement. Nordea Bank AB, the biggest Scandinavian lender, said the krona hadn't been traded on the spot market today, while the last quoted price was 340 per euro, compared with 122 a month ago.
I also found out that Iceland is about the population of Tampa Bay, FL??
Now the question is who's next????
HOLLA
- #12,484
- Oct 9, 2008 10:51am Oct 9, 2008 10:51am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
The Treasury plans to start injecting capital directly in U.S. banks as soon as the end of October in exchange for passive investment stakes, a source told Reuters.
B-O-O-O-R-R-R-I-I-I-N-N-N-G-G
http://pure-essence.net/stuff/ICHC/f...-bored-cat.jpg
Start buying the shit, Paulson!!! Or there won't be end of October, my friend...
B-O-O-O-R-R-R-I-I-I-N-N-N-G-G
http://pure-essence.net/stuff/ICHC/f...-bored-cat.jpg
Start buying the shit, Paulson!!! Or there won't be end of October, my friend...
- #12,485
- Oct 9, 2008 12:51pm Oct 9, 2008 12:51pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
Yep...since Paulson talked we fell almost -1000 on the DOW!!
DOW just falling like a rock.......-650 and we still have 10 mins.
Almost -400 in the final hour.
At this rate the DOW will be to zero by month's end!!!
Told you Paulson, the market isn't gonna wait to long, you better start buying ASAP!!
HOLLA
DOW just falling like a rock.......-650 and we still have 10 mins.
Almost -400 in the final hour.
At this rate the DOW will be to zero by month's end!!!
Told you Paulson, the market isn't gonna wait to long, you better start buying ASAP!!
HOLLA
- #12,487
- Oct 9, 2008 1:18pm Oct 9, 2008 1:18pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Yep...since Paulson talked we fell almost -1000 on the DOW!!
DOW just falling like a rock.......-650 and we still have 10 mins.
Almost -400 in the final hour.
At this rate the DOW will be to zero by month's end!!!
Told you Paulson, the market isn't gonna wait to long, you better start buying ASAP!!
HOLLA
I don't give a damn anymore. Shoot all the clowns, shoot'em all
NSYE is not even hurting Bovespa's anymore. Only -4% today. With Dow at -7% we should be on circuit break -10% / -15% and total shutdown -20%.
So I don't care... Kill'em all
Buy Dow 7K (50% off highs). Maybe that's what is in the waiting.
Maybe tomorrow. See you all at 5000 (Dow) 
. Asia is gonna be crapping blood
See y'all tomorrow for total carnage me thinks (10th October was gonna be a technical key date I heard on cnbc). If you are Long, you might not wanna wake up tomorrow
. Asia is gonna be crapping blood See y'all tomorrow for total carnage me thinks (10th October was gonna be a technical key date I heard on cnbc). If you are Long, you might not wanna wake up tomorrow - #12,489
- Oct 9, 2008 1:36pm Oct 9, 2008 1:36pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Maybe tomorrow. See you all at 5000 (Dow)
- #12,490
- Oct 9, 2008 1:37pm Oct 9, 2008 1:37pm
- | Joined Dec 2007 | Status: Senior Member | 1,461 Posts
Maybe tomorrow. See you all at 5000 (Dow)
im loving every second of it!! his is great i hope it all goes to zero!!!
wall street getting what it truly deserves!!!
bottom line when they cut rates the markets will always go down charlie brown!! No plasters left, the patient life support machine almost switched off, unlucky - the demise of US as a super power, thats what US deserves for voting in bush for two terms
Trading is 80% Emotional, 20% Technical
- #12,491
- Oct 9, 2008 1:47pm Oct 9, 2008 1:47pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #12,492
- Oct 9, 2008 1:58pm Oct 9, 2008 1:58pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Meet Mr. Neel T. Kashkari, 35.
This is the gentlemen Paulson tapped to take care of the $700 billion bailout plan.
http://media.cnbc.com/j/CNBC/Section...l.standard.jpg
More here... http://www.cnbc.com/id/27101810
So in the middle of a CONFIDENCE crisis, Paulson gets a six-year experience dude to take care of a global crisis.
WE
ARE
F#$@$ED
Au Revoir Dow; China gotta be watching this with huge interest and rubbing their hands with glee
- #12,494
- Oct 9, 2008 3:46pm Oct 9, 2008 3:46pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
Meet Mr. Neel T. Kashkari, 35.
This is the gentlemen Paulson tapped to take care of the $700 billion bailout plan.
http://media.cnbc.com/j/CNBC/Section...l.standard.jpg
More here... http://www.cnbc.com/id/27101810
So in the middle of a CONFIDENCE crisis, Paulson gets a six-year experience dude to take care of a global crisis.
WE
ARE
F#$@$ED
We are truly screwed now......everybody just bend on over!!!
HOLLA
- #12,495
- Oct 9, 2008 4:01pm Oct 9, 2008 4:01pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
That fool looks like he should be on the FBI most wanted list....
We are truly screwed now......everybody just bend on over!!!
HOLLA
- #12,496
- Oct 9, 2008 4:03pm Oct 9, 2008 4:03pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #12,497
- Oct 9, 2008 4:03pm Oct 9, 2008 4:03pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
LOL, read the article... Actually he was appearing frequently with Paulson during the hearings and everybody assumed he was Secret Service
HOLLA
- #12,498
- Oct 9, 2008 4:04pm Oct 9, 2008 4:04pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
2 weeks ago I could only think about THIS while preparing some kind of (sick) joke...
Talk about a fat a$$ candle......
HOLLA
- #12,499
- Oct 9, 2008 4:16pm Oct 9, 2008 4:16pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Yeah I read that, but that fool still looks like he did some hard time upstate!!
HOLLA
Man, this gets more and more hilarious every 100 points down.
- #12,500
- Oct 9, 2008 4:58pm Oct 9, 2008 4:58pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
While you were sleeping 
Oct. 9 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke's push for the broadest coordinated interest-rate cut in history started with a weekend of telephone conversations with Jean-Claude Trichet and Mervyn King.
Calling from his Washington office on Oct. 4 and Oct. 5, Bernanke broached the idea with Trichet, the European Central Bank president, and King, the Bank of England governor. The talks culminated Oct. 7 in a conference call where they privately hammered out details of the unprecedented move. Also on the line were central bank chiefs in Canada and Japan.
Twenty-four hours later, the plan came to fruition when policy makers announced half-point reductions aimed at easing the financial crisis. Bernanke's work behind the scenes over those four days illustrates that the ties he's forged with counterparts abroad are helping decisions keep pace with changing economic fortunes.
http://www.bloomberg.com/apps/data?p...d=iHnA_92GqCME
Not that it helped anything.
Oct. 9 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke's push for the broadest coordinated interest-rate cut in history started with a weekend of telephone conversations with Jean-Claude Trichet and Mervyn King.
Calling from his Washington office on Oct. 4 and Oct. 5, Bernanke broached the idea with Trichet, the European Central Bank president, and King, the Bank of England governor. The talks culminated Oct. 7 in a conference call where they privately hammered out details of the unprecedented move. Also on the line were central bank chiefs in Canada and Japan.
Twenty-four hours later, the plan came to fruition when policy makers announced half-point reductions aimed at easing the financial crisis. Bernanke's work behind the scenes over those four days illustrates that the ties he's forged with counterparts abroad are helping decisions keep pace with changing economic fortunes.
http://www.bloomberg.com/apps/data?p...d=iHnA_92GqCME
Not that it helped anything.