Chart after the jump.
Submitted Without Comment: Market Meets The House
Posted by Equity Private, Oct 03, 2008, 1:33pm
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Posted by guest , Oct 03, 2008 1:34PM
buy the rumor, sell the news
Posted by guest , Oct 03, 2008 1:35PM
We're up shit creek with half a paddle and a floatie noodle - and Congress is trying to paddle with the noodle.
SELL
Posted by guest , Oct 03, 2008 1:36PM
DRILL BABY DRILL!
Posted by Anal_yst , Oct 03, 2008 1:38PM
Sell, Mortimer, SELL!!!
Posted by guest , Oct 03, 2008 1:40PM
http://online.wsj.com/public/resources/documents/citiwachoviaagreement2008.pdf
Posted by guest , Oct 03, 2008 1:40PM
Coldest State, Hottest Governor
Posted by guest , Oct 03, 2008 1:45PM
are spreads relaxing?
Posted by guest , Oct 03, 2008 1:45PM
Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on!
Posted by guest , Oct 03, 2008 1:46PM
damn it feels good to be a banker
Posted by guest , Oct 03, 2008 1:46PM
I think they all went to lunch. Volume is still low.
Posted by michange , Oct 03, 2008 1:50PM
CALIFORINIA KAPUT :
http://ftalphaville.ft.com/blog/2008/10/03/16649/hasta-la-vista-baby/?source=rss
FORTIS KAPUT :
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHpMdjiE6lQM&refer=home
http://ftalphaville.ft.com/blog/2008/10/03/16650/fortis-the-former-beligium-dutch-bank/
ICELAND KAPUT :
http://ftalphaville.ft.com/blog/2008/10/03/16644/the-news-from-iceland-thetta-er-buid/
Posted by guest , Oct 03, 2008 1:52PM
This is an outrage! What do I pay my congressman for?
Posted by michange , Oct 03, 2008 1:53PM
CALIFORINIA KAPUT :
http://ftalphaville.ft.com/blog/2008/10/03/16649/hasta-la-vista-baby/?source=rss
FORTIS KAPUT :
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHpMdjiE6lQM&refer=home
http://ftalphaville.ft.com/blog/2008/10/03/16650/fortis-the-former-beligium-dutch-bank/
ICELAND KAPUT :
http://ftalphaville.ft.com/blog/2008/10/03/16644/the-news-from-iceland-thetta-er-buid/
Posted by FUNdamental , Oct 03, 2008 1:54PM
anal -- end of the world happyhour either jeremys or cheap shots?
Posted by guest , Oct 03, 2008 1:57PM
Sic transit gloria mundi...
Posted by guest , Oct 03, 2008 1:58PM
@ 13 you're complete tool, you know nothing moron. Eat me!
Posted by guest , Oct 03, 2008 1:59PM
Is nancy pelosi and barney frank hitting on each other in this press conference?
Posted by Investorcluzo , Oct 03, 2008 2:00PM
@5 - nice work on the exclusivity agreement. despite the letter, there was nothing definitive about the deal. they were negotiating a "non-binding" term sheet. I doubt the courts will allow this to hold up a deal that is clearly better for shareholders/taxpayers.
@13 - who begins a formal letter with "first of all"? bush league.
Posted by StupidEquityGuy , Oct 03, 2008 2:00PM
America has just passed the 50 pigs in a Blanket, leave no pork behind bill.. and we have no way of paying for it.
This is most weird... after seeing the market clearly during this crisis, my chrystal ball just went foggy...
I can now say I am not only stupid, but now clueless as to how this all works out...
We have no commercial paper market, we have a printing press about to fire up in DC...
I am heading to the sidelines to ponder this market. Its time to book profits and walk... ney run to the sidelines for a few days. You guys can have the huge rally that may or may not arrive...
I don't like this market one bit at the moment. Its the last liquid pool left operating besides the currency markets.
Everyone knows the Treasury is going to drain the liquidity via its endless issues to fund the FED... so now what?
and I am green at the moment... serious WTF...
~SEG
Posted by guest , Oct 03, 2008 2:02PM
Is nancy pelosi and barney frank hitting on each other in this press conference?
Posted by guest , Oct 03, 2008 2:04PM
More importantly, where is Episode X of the The Spiral?
Posted by guest , Oct 03, 2008 2:05PM
Who makes the presses that print the currency? I think we will need replacements soon.
Posted by Henry Ryecroft , Oct 03, 2008 2:07PM
Liquid pool? The market just woke up in a liquid pool:
http://www.youtube.com/watch?v=ebw4etz_Vpg
Posted by guest , Oct 03, 2008 2:10PM
Any which way you see it, we have sunk into the biggest global recession in the past 50 years.
I have no clue how we are going to deal with this, so I am just going to solidly hit the bottle for the next 3 days.
Posted by guest , Oct 03, 2008 2:11PM
Easiest trade in the book was seeing them overwhelmingly pass a procedural vote this morning, watch the market start ticking up, and then go short right before the news.
Posted by guest , Oct 03, 2008 2:21PM
We can still short California right? or did they hide that in the bill?
Posted by guest , Oct 03, 2008 2:21PM
@SEG
You are heavily into cash. Dollar or EURO?
Posted by guest , Oct 03, 2008 2:23PM
Is Jim Rogers anti-Goldman?
"It's the wrong approach," Mr. Rogers said yesterday while huffing through a lengthy morning workout on an exercise bike in a downtown Toronto hotel.
"This has never worked in history. Other approaches have worked, which they're ignoring. Part of the problem is these guys don't know any history.
"All they know is, Goldman Sachs is on the phone saying help, help, help."
Posted by guest , Oct 03, 2008 2:35PM
@27
EURO ... great cash rates at 4,50 interest on 90 days time deposit.
NO RISK, better than T-bills, unlimited
guarantee by Gov.
Now wait for Uncle Sam's debt default, United Sharecroppers of America,
here we come !
Posted by guest , Oct 03, 2008 2:43PM
Fess up Bozos. How many of you own Maseratis?
"Most of these guys haven't even cut their dividends. And now they're expecting the taxpayers to go in there and bail them out ... so the 29-year-olds can keep their Maseratis."
Posted by guest , Oct 03, 2008 2:44PM
Goldman is not saying "help, help" they are saying we have the world's best opportunity to screw the entire tax base of the US.
they must be absolutely wetting themselves. i am reminded fondly of hank's days of making oodles of money buying RTC assets in GS Whitehall funds.
Posted by guest , Jan 19, 2009 12:58AM
the picture depicts the current situation that is prevailing across the globe.
with thanks
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