The New Paradigm (Courtsey: Wall Street Journal)

Posted by Equity Private, Apr 18, 2008, 11:30am

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]

0Recommend this! 12Comments

Tags: Denial Ain't Just A River In Egypt

Comments

Posted by BottomFellOut, Apr 18, 2008 11:33AM

Jump over lowered forecasts.

Lie about underlying inflation.

Print more and more money...

The Day of Reckoning is coming

Posted by diablo, Apr 18, 2008 11:37AM

short squeeze continues

Posted by guest, Apr 18, 2008 11:39AM

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.

Posted by guest, Apr 18, 2008 11:39AM

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

Posted by guest, Apr 18, 2008 11:50AM

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).

Posted by guest, Apr 18, 2008 12:20PM

great southpark reference!

Posted by guest, Apr 18, 2008 12:22PM

@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.

Posted by guest, Apr 18, 2008 12:26PM

@12:22 I believe 11:39 is saying McCain is going to win. Nutbag.

Hope you enjoyed getting your rocks off, though.

Posted by guest, Apr 18, 2008 1:03PM

Downgrade other banks whenever they show any sign of weakness.

Posted by guest, Apr 18, 2008 1:22PM

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

Posted by guest, Apr 18, 2008 3:04PM

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

Posted by guest, Apr 18, 2008 3:26PM

"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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