The Bad News:
- Dow dropped 680 points
- GM was put on credit watch negative, and fell to 1950's lows
- Shares of Merrill Lynch and Morgan Stanley dropped 25%
- L-Train's Glenview: -13.68% (September) -22.00% (YTD)
The Good News:
- RE: S&P's hit on GM, we'll probably get to see Dylan Ratigan go circus freak crazy on their asses, a la this, some time soon
- Whoever guessed closest to the close--before the close, Mensa men and ladies-- will receive a free facial, on DB (e-mail us for details: tips at dealbreaker dot com).
- Adorable woodland creature Dick Bove has a creepy ass stalker who left this message for him on our voicemail late last night, which means he's made it to the big leagues! Take that, Whitney. Take that.
Posted by MarshallStack , Oct 09, 2008 5:13PM
So yeah - why don't you plan on coming in this weekend.
Posted by AJ , Oct 09, 2008 5:14PM
Ugh, so poor
Posted by guest , Oct 09, 2008 5:19PM
35 yr old. Last period was 1 week ago. Last sex was 2 months ago.
Posted by guest , Oct 09, 2008 5:19PM
@1 - so yeah - why don't you plan on coming out this weekend
Posted by guest , Oct 09, 2008 5:20PM
@3- uh, what?
Posted by guest , Oct 09, 2008 5:23PM
#5 THE LADY IN THE VOICEMAIL!
ALL CAPS FROM WHARTON
Posted by guest , Oct 09, 2008 5:40PM
if you could just go ahead and post more collateral for the margin call, that would be greaaaatttt.
Posted by guest , Oct 09, 2008 5:41PM
Waiting to hear Kudlow blame the drop on the markets being afraid of an Obama victory....
Posted by guest , Oct 09, 2008 5:43PM
Whatever happened to that morty kid from Wharton? Did he quit his trade school yet? Also, the office is on tonight.
Posted by guest , Oct 09, 2008 6:01PM
I am a hedge fund manager, what is voicemail?
Posted by guest , Oct 09, 2008 6:15PM
Yea! WTF is up with Morty? I thought that he was a fighter. Someone needs to tell that kid a fighter never quits and a quitter never wins.
http://www.youtube.com/watch?v=wwsQlBUZtc8
SPODE
Posted by MarshallStack , Oct 09, 2008 6:15PM
@7
Strong work.
Oh, and remember: Friday is Hawaiian shirt day. So, you know, if you want to, go ahead and wear a Hawaiian shirt and jeans.
Thatit be greaaaat
Posted by guest , Oct 09, 2008 6:17PM
Here's your flare.
Right there!
See it?
Posted by guest , Oct 09, 2008 6:19PM
15 pieces of flare is the minimum. Do want to be known as a person who does the minimum?
Posted by guest , Oct 09, 2008 6:35PM
PETER:
So we take all these subprime mortgages, package them together, sell them to an SIV, which issues bonds that are insured by a monoline, which gets the bonds rated AAA, and then we sell the tranches to a pension fund at a steep profit, even though the underlying mortgages probably won't get paid.
JOANNA
So you're stealing.
PETER
Ah, no. No. You don't understand. It's, uh, very complicated. It's, uh,
it's, it's aggregate so I'm talking about fractions of a cent that, uh,
over time, they add up to a lot.
JOANNA
Ok. So you're gonna make a lot of money, right?
PETER
Yeah.
JOANNA
Ok. That's not yours?
PETER
Well, it, it becomes ours.
JOANNA
How's that not stealing?
Posted by guest , Oct 09, 2008 7:48PM
@15
Bravo!
Posted by guest , Oct 10, 2008 12:02AM
15 = briliant