• 18 Apr 2008 at 11:30 AM

The New Paradigm (Courtsey: Wall Street Journal)

By

1. Announce massive writedowns
2. ?
3. Profit
Citigroup Swings to Loss On Hefty Write-Downs [WSJ]
Citigroup’s Results Propel Futures [WSJ]
Merrill Post Third Straight Quarterly Loss, To Cut 4000 Jobs [WSJ]
Great Expectations for Merrill CEO [WSJ]
JPMorgan Selling $6 Billion In Preferred Stock [WSJ]
Earnings Slump at J.P. Morgan, And Continued Stress Is Expected [WSJ]
J.P. Morgan, Intel Rally Markets [WSJ]

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Comments (12)

  1. 1
    Posted by BottomFellOut | April 18, 2008 at 11:33 AM

    Jump over lowered forecasts.
    Lie about underlying inflation.
    Print more and more money…
    The Day of Reckoning is coming

  2. 2
    Posted by diablo | April 18, 2008 at 11:37 AM

    short squeeze continues

  3. 3
    Posted by guest | April 18, 2008 at 11:39 AM

    I believe that Day is the first Tuesday in November this year. Poor John McCain-and he seems like such a nice old fellow too.

  4. 4
    Posted by guest | April 18, 2008 at 11:39 AM

    If it’s good enough for underpants gnomes, it’s good enough for Pandit & Co.

  5. 5
    Posted by guest | April 18, 2008 at 11:50 AM

    Is this a great year or what? One can rise from being a Nazi soldier to become a pedophile enabler and protector (and get all the alter boys/girls you could ever want) and yet *still* address the UN General Assembly and have people worship you! What a great year it is! Or perhaps the UN is filled with more idiots than the US government (specifically the President and Congress).

  6. 6
    Posted by guest | April 18, 2008 at 12:20 PM

    great southpark reference!

  7. 7
    Posted by guest | April 18, 2008 at 12:22 PM

    @11:39 You’re wrong there. Once the R machine gets going Obama will look like a total fool. Hilary could have withstood it, not this weakling. He’s the last in a long line that began with Stevenson, continued with Dukakis and was last seen in the form of John Kerry. Smart and ernest. But not a practical bone in his body. Not a credible commander in chief. You’re being fooled because most people like him appeal to the brie eating Volvo driver set only. His race however means that he was able to nab the minority vote too, so he seems more popular than he really is. Besides the election comes down to winning two of PA, OH and FL. No way hes gonna win any of em, since he’s all but tied in even blue states like NJ and CT. He’s gonna go down in flames. Its gonna be McGovern redux.

  8. 8
    Posted by guest | April 18, 2008 at 12:26 PM

    @12:22 I believe 11:39 is saying McCain is going to win. Nutbag.
    Hope you enjoyed getting your rocks off, though.

  9. 9
    Posted by guest | April 18, 2008 at 1:03 PM

    Downgrade other banks whenever they show any sign of weakness.

  10. 10
    Posted by guest | April 18, 2008 at 1:22 PM

    Time to go to work!
    Work all day!
    We need underpants hey!

  11. 11
    Posted by guest | April 18, 2008 at 3:04 PM

    Can someone lend me a fire extinguisher, my shorts are on fire… I’m burning up over here…
    Oh wait, I am long CL and NG also… maybe its all just a wash…
    ~SEG

  12. 12
    Posted by guest | April 18, 2008 at 3:26 PM

    “2. ?” This one is easy… it’s an irate call to the newsroom, from Rupert screaming about the Journal’s negative picture of business, after he’d publicly promised a more “business-friendly” Journal when he bought it. This followed by overt threats of job cuts. The Journal’s editors are smart, they know what to do.

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