Japan, too lazy to open markets earlier today, came out of the gate screaming this evening. (See what I did there?) The Nikkei is up a whopping 13% at present. S&P 500 futures decided to take flight too. They are sitting at around 1040 at the moment. More reflexive momentum for the bulls among you. Can it last the morning?
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Posted by guest , Oct 13, 2008 11:15PM
Equity Private = loser
John Carney + Henry Blodget + Clusterstock = rumor-mongering + scumbag + useless law degree + jailtime
JC and Henry Blodget need to go to jail for their bullshit rumor-mongering last week about the MUFG deal not going through and that Morgan needs a $60 billion capital injection (outrageous?!). Clusterstock is the ingenious crap creation of the con-man Henry Blodget who is no longer allowed to be employed in the securities industry, so that loser spends his time pretending to have a career by writing fake stories. Carney is his newest fuck buddy. Fuck them both and hope their shitty Clusterstock blog stays unprofitable.
Posted by guest , Oct 13, 2008 11:20PM
second?
@1- fuck Henry Blodget, his life is a joke. but, its sad to see Carney end up there though. JC is a disgrace to DB. anybody know why Carney got a law degree if he was going to end up working with a hack/con-man (Blodget) writing stories at clusterstock anyway? sounds like a waste of money and four years of a good education....poor carney, what has become of him....
Posted by guest , Oct 13, 2008 11:24PM
#2
I know why Carney got that law degree. It will really help him out now that he's in the company of squeaky-clean Henry Blodget, lol. Carney's gonna need a good law degree once his ass is indicted with Blodget's and they're both hung to dry in court. I'm definitely going to do to those rumor-mongerers trials, hehe.
Posted by guest , Oct 13, 2008 11:31PM
@1- That Clusterstock is sure a credible news source. I normally wouldn't care, except that they're irresponsible reporting does have an impact to heighten the fear and destroy confidence during these times. If they're in bed with shorts, they certainly should go to jail. sorry carney. That would make it what?, Blodget's 3rd time in jail? or 4th? Please correct me if I'm wrong, but I believe it would be his 4th time in jail. Carney, what happened to your self-respect. What does mummy think about your new job, especially after all the money she put up getting you through school and watching that law degree go to waste....or we shall see, you may need it for the coming scapegoating and finger-pointing that's going to sometime hit the rumor press.
Posted by Phobos , Oct 13, 2008 11:35PM
@1 Fuck off. EP writes well, reports pertinent shit, and has a sense of humor.
Try formulating the inverse of a cranial rectal inversion, dipshit.
Posted by guest , Oct 13, 2008 11:42PM
This whole market has become based on rumors and Moody's rating. The fundamentals are out the window, and while the 250 billion going to financial firms is sweet, too bad its going to be gobbled up before it gets down to even VPs, let alone associates or analysts.
As for hedge funds, well the govt really is doing their best to fuck them in the ass.
Posted by guest , Oct 13, 2008 11:44PM
Bess, I assume the vitriolic anti-Blodget guy is all coming from one IP. Not sure what he's so worked up about, but he's worse than Shamwow because he has way more words to share.
Posted by Anal_yst , Oct 13, 2008 11:44PM
@ 1
EP = Loser?
Wtf? You serious, hoss?
Posted by guest , Oct 13, 2008 11:46PM
I haven't gone to clusterstock once since Carney went over there. Dealbreaker is referenced in the journal, times, and other major news sources now, Carney's an idiot, you don't jump ship and try to establish yourself at a different blog in the middle of the once in a century financial event. Dumbass.
Oh yeah, and market opens up 300 tomorrow, ends the day down 250.
Wednesday down 400.
Thursday down 600.
Friday down 100.
-DoomGloom
Posted by guest , Oct 13, 2008 11:46PM
#5
HAHAHAHA! You're the biggest fucking dork...I'm loving it, it's so funny:
"Try formulating the inverse of a cranial rectal inversion"
Only if I was dorky enough to think of that one. Did you come up with that while breathing loudly through your nose. Only if I could here you say that....HAHAHAHA!
#5 is a fucking dork!
Posted by guest , Oct 13, 2008 11:48PM
Agree that JC and Blodget are rumor-mongering losers (JC - what happened to you man?), but leave EP out of it. She is sharp, insightful, and writes damn well.
Posted by guest , Oct 13, 2008 11:55PM
Wait, hold the phone. I don't know how I didn't notice this before. Equity Private is a girl?
Posted by guest , Oct 14, 2008 12:03AM
awww, ep, you included a shout out to soros in your statement of the the obvious, even though he is your socio-political nemesis / intellectual superior. How self effacing of you.
Posted by Investorcluzo , Oct 14, 2008 12:06AM
why are we even discussing "clusterfk" here? it's a competing site (yes, I've been over there), you don't have to read it - just like you don't have to watch fox business news. enough is enough, no more blodget speak over here...oh, and if you don't like ep, don't read her $hit.
Posted by guest , Oct 14, 2008 12:15AM
12, yes, and we think she's a keeper.
Posted by guest , Oct 14, 2008 12:21AM
too late and too asian...didn't read.
EP=winner
Posted by diablo , Oct 14, 2008 12:23AM
The anti-blodget-carney guy is the same mental case that has been trying to hijack threads here and in that other site. he must have lost a lot of money because of blodget. I know those mental cases don't go away so they have to be forced to go away. I doubt DB has the technology to do it.
Posted by guest , Oct 14, 2008 12:34AM
EP rules. so does Bess.
Posted by guest , Oct 14, 2008 12:43AM
fox business blows. they need cooler graphics too on the site. so ugly.
thats why i prefer watching NFL on Fox. their graphics and sound effects are always the best
Posted by guest , Oct 14, 2008 1:25AM
You guys are all fucked! Who the fuck cares where the source comes from when all hell is breaking loose. #1 you are a fucking dipship and you should just go back and read Yahoo finance and consult your local Merrill broker for financial advice. Maybe they got MS wrong, but if it wasn't for our fucking Treasury coming through with the guarantee, the fucking Japs would have Kamakaze this deal faster then you can say Pearl Harbor. Americans are all fucked..bow to your new masters in Asia!!!
Posted by guest , Oct 14, 2008 1:25AM
You guys are all fucked! Who the fuck cares where the source comes from when all hell is breaking loose. #1 you are a fucking dipshit and you should just go back and read Yahoo finance and consult your local Merrill broker for financial advice. Maybe they got MS wrong, but if it wasn't for our fucking Treasury coming through with the guarantee, the fucking Japs would have Kamakaze this deal faster then you can say Pearl Harbor. Americans are all fucked..bow to your new masters in Asia!!!
Posted by guest , Oct 14, 2008 1:25AM
You guys are all fucked! Who the fuck cares where the source comes from when all hell is breaking loose. #1 you are a fucking dipshit and you should just go back and read Yahoo finance and consult your local Merrill broker for financial advice. Maybe they got MS wrong, but if it wasn't for our fucking Treasury coming through with the guarantee, the fucking Japs would have Kamakaze this deal faster then you can say Pearl Harbor. Americans are all fucked..bow to your new masters in Asia!!!
Posted by guest , Oct 14, 2008 1:44AM
asian masters must not have figured out how to click "post comment" only once
Posted by onetwo , Oct 14, 2008 1:54AM
zing!
Posted by guest , Oct 14, 2008 2:00AM
oh, snap!
Posted by guest , Oct 14, 2008 2:09AM
@20.....21...and..22......
Uh, if there's one thing I've learned from the greatest investor of our time, Donald Trump, its that if you owe the banks $1 million dollars then you work for the bank, if you owe the bank $10 billion dollars the bank works for YOU. I believe the Blackstone Group was founded on this principal. Japan and China will play nice if they want their negative interest coupons to keep rolling in.
Posted by WindsorNot , Oct 14, 2008 2:18AM
Schadenfreude goes both ways @1. The doubters of MS, rumor-mongers, yadda yadda, more than likely got their comeuppance today -- so, chill out, man. Have a toke. If you really think you're qualified to take the higher ground, why don't you prove it with a little bit of dignity? I overreacted to EP's "Sounds of Silence" post on Sunday, but wouldn't you know, she was right to call the whole deal into question. The crowd here, by and large, knows what's up, and Bess, EP, Daniel, and Muff (sweet, delectable, fictional Muff) do provide quality insight and oftentimes even scoop the Journal. Yeah it *is* a "tabloid" (how many actual tabloids reference themselves as such?), but it's not the font of self-referential, agenda-laden dreck you might find at Clusterstock. They'll get theirs, if they aren't already.
Posted by guest , Oct 14, 2008 3:08AM
#27, Dealbreaker has discarded use of the "A Wall Street Tabloid" slogan. Check out their new logo on their blog.
Posted by guest , Oct 14, 2008 3:20AM
You Americans must bow to the NEW ASIAN MASTERS!!! It wasn't for the Chinese of Japs...America would have been classified as a 4th World Nation! America is fuked and no printing press is going to change that. Face facts!! You guys just fuked yourself by drowning in your own cesspool you created!! Hahaha! All Hail the Chinese for Saving America!
Posted by guest , Oct 14, 2008 3:26AM
#26..so the "greatest investor of our time" is donald trump???? Are you fucking kidding me? I just checked Wikipedia and look what it says, "By 1989, the effects of recession left Trump unable to meet loan payments. Trump financed the construction of his third casino, the $1 billion Taj Mahal, primarily with high-interest junk bonds. Although he shored up his businesses with additional loans and postponed interest payments, by 1991 increasing debt brought Trump to business bankruptcy[4] and the brink of personal bankruptcy. Banks and bond holders had lost hundreds of millions of dollars, but opted to restructure his debt to avoid the risk of losing more money in court. The Taj Mahal re-emerged from bankruptcy on October 5, 1991, with Trump ceding 50% ownership in the casino to the original bondholders in exchange for lowered interest rates on the debt and more time to pay it off.[12]
On November 2, 1992, the Trump Plaza Hotel was forced to file a prepackaged Chapter 11 Bankruptcy protection plan after being unable to make its debt payments. Under the plan, Trump agreed to give up a 49% stake in the luxury hotel to Citibank and five other lenders. In return Trump would receive more favorable terms on the remaining $550+ million owed to the lenders and retain his position as chief executive, though he would not be paid and would not have a role in day-to-day operations.[13]
By 1994, Trump had eliminated a large portion of his $900 million personal debt[14] and reduced significantly his nearly $3.5 billion in business debt. While he was forced to relinquish the Trump Shuttle (which he had bought in 1989), he managed to retain Trump Tower in New York City and control of his three casinos in Atlantic City. Chase Manhattan Bank, which lent Trump the money to buy the West Side yards, his biggest Manhattan parcel, forced the sale of a parcel to Asian developers. According to former members of the Trump Organization, Trump did not retain any ownership of the site's real estate - the owners merely promised to give him about 30 percent of the profits once the site was completely developed or sold. Until that time, the owners wanted to keep Trump on to do what he did best: build things. They gave him a modest construction fee and a management fee to oversee the development. The new owners also allowed him to put his name on the buildings that eventually rose on the yards because his well-known moniker allowed them to charge a premium for their condos.[15]"
YOU ARE ON FUCKING SOME BAD CRACK...HAHAHA..DONALD TRUMP..THE GREATEST INVESTOR OF OUR TIMES..now I know why America is fucked..it's dipship people like you!
Posted by guest , Oct 14, 2008 3:50AM
WOW? 30 are you really that dense? Yes I am in fact kidding you. And your post simply makes my point, the more you owe someone the more generous they must be to you because they cannot afford for you to fail.
"Banks and bond holders had lost hundreds of millions of dollars, but opted to restructure his debt to avoid the risk of losing more money in court."
Posted by guest , Oct 14, 2008 6:37AM
TGFD here. Up early. Never really slept much.
I just heard on Bloomberg TV, "Blackstone's Schwartzman says Gov't Plan 'Breaks the Back' of the Financial Crisis".
I wonder why someone like him would say that? Is he planning to 'sell on the news' when Paulson speaks this morning at 8:30 AM?
Actually, I don't know what to think. Still confused.
The Guy from Delaware
Posted by guest , Oct 14, 2008 7:37AM
#1 retard
angry psycho
Posted by guest , Oct 14, 2008 7:38AM
#1
Get me 2 beers and a scotch
no , make that 3 beers
no , make that 2 scotches and a beer
thanks , barkeep
Posted by guest , Oct 14, 2008 7:46AM
TGFD - still all cash? (pretty sure it was you writing about going all to cash early last week - but could be wrong) Still think it was a good idea?
Posted by guest , Oct 14, 2008 7:48AM
@32 you're all cash. So stfu till you're back in the market
Posted by guest , Oct 14, 2008 8:42AM
Mohammed "Fozzy Bear" El-Arian presiding over CNBC...
...dude, stop looking at me! you're clearly evil... and I'm muslim!
Posted by guest , Oct 14, 2008 9:49AM
@#35,#36...
Yes. I'm the one still in cash since I fired my full-service broker last week. All my cash is now in transition to a discount broker, so I guess there's not much I can do. I don't know; maybe it was the wrong move. Cohen did it too.
#36...Why tell me to stfu? The clowns who post their blog spam on DB should stfu. At least I don't do that.
The Guy from Delaware
Posted by guest , Oct 14, 2008 9:55AM
TGFD: thought a little about your idea of finding a broker that would share half of your gains in return for sharing half of your losses. This would accomplish the same thing: keep half of your portfolio in cash: net result is that your gains and losses will both be halfed (sp?) and therefore significantly tempered. Basic stuff: through asset allocation, dampen the volatility of your portfolio to the level that suits you. Good luck.
Posted by guest , Oct 14, 2008 10:14AM
@39
The diff is that TGFD doesn't know how to maximize the half that is in play. That's why he's hoping to find someone who knows how to.
Posted by guest , Oct 14, 2008 10:19AM
40 Maximize is always difficult, but sprinkle half around some well diversified ETFs, or even all in a MSCI World fund, and you'll do just fine. Esp when you consider that that strategy would involve very little risk.
Posted by guest , Oct 14, 2008 11:15AM
f.u.
Posted by guest , Oct 14, 2008 11:21AM
@#39,#40,#41...
Thank you all very much for your kind advice. I've been thinking about ETFs, and I'll probably buy some after my transfer completes and my new account is established. I will not put all in play. Some in cash (for opportunities?), some in fixed?, and some in ETFs.
#41...I like your "sprinkle half around some well diversified ETFs, or even all in a MSCI World fund" idea. Thank you. Now, all I have to do is figure out what a "MSCI World fund" is exactly, but I can search the internet.
You have all 3 said invest "half". I believe this to be sound advice. I have always been fully invested in loaded equity mutual funds. Volitility has always hurt me, and I was never really in a position to take advantage of anything that came along because I had no cash. Now I have the opportunity to restart with a clean sheet before me.
The Guy from Delaware
Posted by guest , Oct 14, 2008 12:33PM
@ 43, you are an idiot
Posted by guest , Oct 14, 2008 12:34PM
@ 29 round 1 always gets the last laugh,you'll see rice eater
Posted by guest , Oct 14, 2008 12:34PM
@ 29 round i always gets the last laugh,you'll see rice eater
Posted by guest , Oct 14, 2008 12:34PM
@ 29 round i always gets the last laugh,you'll see rice eater
Posted by guest , Oct 14, 2008 12:48PM
@TGFD
From your post, you sound like someone who likes low-beta investment returns.
In that case, may I suggest this simple recipe:
Put 90% of your money in fixed income that yields at least 10%.
Use 5% to buy long-dated options of leveraged ETFs such as SSO.
User the remaining 5% to buy long-dated options of leveraged inverse ETFs such as DUG
Why this is good for you:
Worst case scenario: Stock market stays at current level. 1 year later, you get back 100% of your capital due to your fixed income yield. Your options expire worthless.
Best case scenario: Stock market crash or rallies strongly. 1 year later, you get back 100% of your capital from your fixed income. You get your bonus return from one of your options.