Posted by guest , Oct 07, 2008 6:44PM

maybe Fuld can fight Cramer...

Kimbo Slice turned out to be a tomato can, and ruined pay-per-view... chalk up another industry that needs a bailout.

Posted by guest , Oct 07, 2008 6:53PM

So two Jim Cramer (sort of) articles in the closing bell. Is the street going to buy out breaking media soon or do you guys just love them and their staff too much.

Posted by guest , Oct 07, 2008 6:53PM

Dateline 2036: Burnt Corn, Alabama-

inauguration of the Ken Lewis Center for the Study of Southern Inbred Executive Overambitious Retardation.

Posted by guest , Oct 07, 2008 7:07PM

"http://www.247wallst.com/
Consumer Credit Evaporates

If our calendar and math are correct, the data from the Fed just released on consumer credit in August shows that the rate of borrowing has come down to levels not seen in 10 years. Consumer credit fell by some $7.9 billion down to $2.577 trillion. That was following a $5.2 billion rise in July. Economists were looking for an increase of $5 billion or more for the month of August. As a reminder, consumer credit data excludes home mortgages and other real estate-secured loans."

Posted by guest , Oct 07, 2008 7:27PM

mayo

Posted by guest , Oct 07, 2008 7:27PM

mayo

Posted by guest , Oct 07, 2008 7:42PM

I went to ALL cash today. Sold everything in my portfolio right the f'k out. I see no f'n future in equities for the next several months. At least I have approx 70% of what I had one year ago.

Wish I'd had the courage to make the move 2 weeks ago.

The Guy from Delaware

Posted by guest , Oct 07, 2008 7:51PM

Here's the link to the above mentioned "5 Other Wall Street Dudes Who Deserve A Punch In The Face".

http://www.wallstreetfighter.com/2008/10/who-else-deserves-a-punch-in-the-face.html

-Stephen
WSF

Posted by guest , Oct 07, 2008 8:00PM

@#5...

Wait till the September Consumer Credit numbers come out. Anybody think they'll improve?

The Guy from Delaware

Posted by guest , Oct 07, 2008 8:01PM

#8, that is not bad. Have heard worse horror stories.

Posted by guest , Oct 07, 2008 8:05PM

O'REilly is talking about the government going after "the wall street greed heads" any way they can.

O'Reilly is starting to name names, what they did, what their exit package was like. It's getting rough out there.

Posted by guest , Oct 07, 2008 8:10PM

Is anyone live blogging the debate?

Posted by guest , Oct 07, 2008 8:11PM

Coming up on O'REilly. He has his legal team investigating how they can sue on behalf of you.

Posted by guest , Oct 07, 2008 8:16PM

@#11...

If you're being sarcastic, tell me, what will make equities go up? Corp profits? Corp revenues? Consumer spending? Consumer borrowing to spend? Consumer confidence?

Where are all those things? When will they return?

Alcoa announced 3Q results after the close today: Profit down 50%. Will that help equities tomorrow? Will the shorts help equities on Thursday?

The Guy from Delaware

Posted by guest , Oct 07, 2008 8:32PM

@#12...

Thanks for the O'Reilly update. Uncle Sam can do just about any damn thing he wants, once he is determined.

Those ballers and rainmakers better start pissing away their money now on fancy lawyers, for all the good it's going to do them in the end. What? 8yrs in the can in lieu of 10? Losing 85% in lieu of 95%?

Hopefully, Uncle Sam will never settle, and he will bankrupt the ballers financially, emotionally, physically, and spiritually. The ballers' grim fate needs to send a very strong signal to the public. Confidence in the system must be restored. The rights and money of the ballers mean absolutely nothing to Uncle Sam.

The public wants ballers' heads on sticks in front of the Bastille. Uncle sam will probably do a lot of that.

The Guy from Delaware

Posted by guest , Oct 07, 2008 8:37PM

Delaware Guy

simmer down Crackhead

Posted by guest , Oct 07, 2008 8:49PM

TGFD: Think about this calmly: the fact that you missed selling at the top should tell you that you are likely as well to miss getting back in at the bottom. No offense - its a problem we all have. And in a volatile market like this, missing some upside can be deadly. Better strategy is to maintain a well diversified portfolio of quality companies (which is sounds like you have, given the relatively small loss of 30%) and keep your head.

Posted by guest , Oct 07, 2008 8:55PM

This Dick Fuld clown is the most incompetent businessman in the history of the solar system. He lost the most. The government must confiscate all his money.

Posted by guest , Oct 07, 2008 9:01PM

@#18...

Thanks for your advice; however, the deed is already done. All cash now. I'll look for opportunities in the weeks ahead.

No offense either - but there are often very sharp and quick rallies during a secular bear market. Rallies that fizzle, only to end in lower lows. I cannot take that chance, not at my age. My 70% is enough to keep me in relative comfort if I withdraw 4.5% per year from the sum. If I can get a 5% return, I may stay whole.

The Guy from Delaware

Posted by guest , Oct 07, 2008 9:10PM

OMG - McCain just proposed the US Treasury absorb ALL real estate losses from underwater mortgages.

Posted by guest , Oct 07, 2008 9:13PM

@ 22 i couldn't believe that i heard him say that. So i guess the USA is just going to print money.

I couldn't believe that he said when Tom asked "who would be your pick for treasury secretary be and McCain replied "not you" - what an ass hole reponse.

Posted by guest , Oct 07, 2008 9:15PM

Just thought I'd add this...

I don't care about the debates, and I'm not even going to watch.

If McCain had any brains and balls, he'd follow O'Reilly's lead. He'd get one hell of a bump in the polls if he started threatening the f'n ballers. That's what the public wants. I think he's too damn timid to do the obvious. He has nothing to lose at this point. All he's going to do is beat on obama. Not going to work.

BTW, Futures down. Asia's in the tank. Look for weakness in US & EU equities tomorrow.

The Guy from Delaware

Posted by guest , Oct 07, 2008 9:22PM

The Fed is pumping money everywhere, when the hell will the flow of money burst the pipes and bring on the next bubble.

Posted by guest , Oct 07, 2008 9:34PM

CNBC had two academics on today. They said that all the mortgages should be reset and any underwater mortgages should be renegotiated with the insinuations taking the hit.

That seems like a simple solution but it would get the job done alright.

Posted by guest , Oct 07, 2008 9:35PM

@22 I thought I was hearing things. Thank you for confirming that he is still the crazy one. Who's the conservative now?

Posted by guest , Oct 07, 2008 9:39PM

This is easy. McCain is going populist, with Palin leading the charge in that direction since she signed on. Obama is the Hyde Park, Harvard aloof egghead. Who for good measure is going to make the US a Muslim country.

Posted by guest , Oct 07, 2008 9:39PM

#27. I didn't hear what you and #22 heard. If you are Obamanoids then I wouldn't be surprised. but, if you are undecided like me, you can be sure that I will be reading the transcript while re watching the debate so I don't miss any nuance.

It is upsetting that Obama only wants to help the poor and the middle class and screw those he thinks are rich. If you are a nurse and a cop in any big city in America you are being screwed under every plan obama has proposed. You are working your but off and what do you get in return? The label of "rich" and you know what, you aren't rich, you are just getting by. This is what scares me about Obama. He wants to really really hurt those he considers "rich". It is almost like a vendetta.

Posted by guest , Oct 07, 2008 9:42PM

TGFD 24: Asia is down cause the US was down. Its not necessarily an endless spiral. Breath deeply and calm down.

Posted by guest , Oct 07, 2008 9:44PM

OMG, there is a Michelle Obama look alike behind the girl who just asked the question. She has a red shirt on. (much younger but wow, could be michelle's twin)

Posted by guest , Oct 07, 2008 9:46PM

So Obama is now flip flopping? He has always said he is against Nuclear energy, I heard him say that in person at a cocktail party that I paid five grand to get into. So why is he changing his tune now?

Posted by guest , Oct 07, 2008 9:49PM

'I'm just trying to keep up with John" says Senator Obama. Is Obama getting tired? And the talking points from his camp always say that McCain is old and tired. Sheesh, this is downright funny to me. Didn't Obama take a couple of days off to practice? Didn't McCain not?

Posted by guest , Oct 07, 2008 9:53PM

Wait? Is Obama now adopting John McCain's health plan too? He is talking about a health plan that he hasn't mentioned until tonight? This guy lies like a rug and he is doing to McCain what he did to Hillary. He is stealing all of McCain's great ideas and trying to make them his own. That makes me annoyed.

The dems would be winning if Hillary were the candidate, with the independents.

Posted by guest , Oct 07, 2008 9:53PM

@29 McCain clearly said (at least twice) that he'd reset all the mortgages.

@33 Obama meant that he's just going over on time because McCain is as well.

Posted by guest , Oct 07, 2008 9:54PM

#35, now i'm going to read that transcript.

Posted by guest , Oct 07, 2008 9:55PM

31 To white people - I assume youre white - all blacks look alike.

Posted by guest , Oct 07, 2008 9:56PM

27 here. Not "Obamanoid". Would love to preserve my own tax situation, but McCain did say that the govt should go in and either buy up neg equity val mortgages or force their renegotiation.

Posted by guest , Oct 07, 2008 9:58PM

29/32/33/34 It simple: Once Sara Snowpants came on board all bets were off McCain being considered a reasonable candidate. That is one that could be taken seriously and worthy of consideration. With her on, the ticket became a joke.

Posted by guest , Oct 07, 2008 10:02PM

@29

http://apnews.myway.com/article/20081008/D93M0SC80.html

Posted by guest , Oct 07, 2008 10:04PM

AP story "McCain says US should renegotiate home mortgages"

http://ap.google.com/article/ALeqM5ha9qKZFKzFvH74G3c5PxRG_lHRIAD93M0UIO1

Posted by guest , Oct 07, 2008 10:09PM

sweet jesus these two clowns are the best we have? holy hell.

Posted by guest , Oct 07, 2008 10:10PM

#38, no they don't. My friends who are black are hot like my white friends. That is why we never have to buy ourselves drinks and we always get in all the clubs. Btw, we are a large group with Asians also. We always attract attention.

Posted by guest , Oct 07, 2008 10:15PM

@pewonderwoman-- we already read that, on dealbreaker:

http://dealbreaker.com/2008/10/we-also-have-reason-to-believe.php

Posted by guest , Oct 07, 2008 10:17PM

Tom is laying down the law. "Hired help" my ass, he loves bossing around Obama and McCain.

Posted by guest , Oct 07, 2008 10:17PM

Sheesh, Obama went to Pakistan when he was a student at Columbia. So he starts out saying he is not going to bomb Pakistan and then he end up saying he is going to bomb Pakistan.

Everyone said the Republicans use fear to win by using the terror guys and yet, Obama is saying we have to "take him out". That phrase rolls too easily off his tongue and that is a mafia phrase. Makes me uncomfortable. Anyway, Obama is a dem and now he is using fear.

I agree #42, what a horrible choice.

Posted by guest , Oct 07, 2008 10:20PM

The Russians failed in Afghanistan. We have to get out and Obama wants to put us more in there than before. Doesn't he read the history of what went on with the Russians. It's the terrain in Afghanistan that is brutal. It gets the invaders every time cause the natives know it well and capitalize on their knowledge.

Posted by guest , Oct 07, 2008 10:23PM

Hearing Obama discuss Russia AGAIN makes me think the guy is a closet war hawk. McCain want to give moral support and working with the rest of the world. Obama comes right out and says he wants something more concrete. Well more concrete is military. Ugh

Posted by guest , Oct 07, 2008 10:34PM

Who buys drinks for women in Manhattan? #44 = New Jersey slut.

Posted by guest , Oct 07, 2008 10:36PM

Now comes the spin by both parties on who won.

Posted by guest , Oct 07, 2008 10:44PM

Just because Jerome gave you a sip of his '40 on 125th and invited you and your three ethnic children into his flophouse doesn't count as your "girls" getting "free" drinks in the "club"

Posted by guest , Oct 07, 2008 10:48PM

The debate was BORING. We learned NOTHING NEW. The questions were STUPID.

OBANA talks too much. McCain is way too consistent.

Posted by guest , Oct 07, 2008 10:50PM

50 52 You guys should act more like gentlemen, even if youre hiding behind your keyboards. Good lesson in life.

Posted by guest , Oct 08, 2008 12:16AM

Dr. Dan here.

Forget Obama and McCain. Lets talk markets

Indonesia down 10%
Russia will mostle be remain shut/shit
Korea, Japan, HK all down 5%

Europe will be down 10% because of RBS and ICELAND. Clusterfucked

Where do we go from here ?

More importantly, how long can I really expect to remain in my position as IT manager ? (with one of those big brokerages where japs invested)

Posted by guest , Oct 08, 2008 12:35AM

IT Managers and other middle management positions will be the first to go in any job cuts.

Posted by guest , Oct 08, 2008 12:37AM

^^ facing this in another industry

Posted by guest , Oct 08, 2008 12:45AM

TGFD

Not to say your actions are wrong, but they are pretty short sighted.

You could have actually come out better simply by buying SRS to hedge your risks

Posted by guest , Oct 08, 2008 12:47AM

"IT Managers and other middle management positions will be the first to go in any job cuts. "

IS THIS CORRECT ?

How does companies operate without IT ?

Posted by guest , Oct 08, 2008 1:28AM

@44

Did someone mention asian girls?
*dramatic groundhog look*

And let me tell you #54 I am one gentle man with a slow hand.

Word! Hit me up.
SPODE@dealbreaker.com

SPODE

Posted by guest , Oct 08, 2008 1:35AM

#@59...

Thanks for the suggestion, but I don't know the acronym "SRS". Also, how would I have bought it to "hedge my risks"?

The Guy from Delaware

Posted by guest , Oct 08, 2008 2:07AM

I just turned on Bloomberg TV. Asia tanked. Neikei down 9%, Shanghai down 5%, etc. US futures, all 3 down 2% or so. This doesn't seem like a good day coming up for US equities. Alcoa is in focus with their 50% earnings drop.

The Guy from Delaware

Posted by guest , Oct 08, 2008 2:22AM

CNN breaks into regular programming to discuss the Asian markets cratering.

Word for todaY: Timber!

Posted by guest , Oct 08, 2008 2:30AM

gua get ass fucked today

Posted by guest , Oct 08, 2008 2:31AM

My friend the waitress asked a really interesting question tonight of our friend the hedge fund honcho, she said "how come the aluminum earnings are down? Could all these companies maybe not have been telling the truth about everything all along?" (say it with a bronx accent) and then picture Mr. Harvard undergrad and grad with his mouth open having another piece of lemon meringue pie.

Posted by guest , Oct 08, 2008 2:39AM

200B pounds for UK banks.

Posted by guest , Oct 08, 2008 2:39AM

Darling reiterates that the government "will do whatever it takes" "guarantee interbank loans" per bloomberg

Posted by guest , Oct 08, 2008 4:19AM

#69 - dinner for two

A easiest and possibily less costly way to for Alistair Darling (and other governments around the world) to do this is to nationalise all banks overnight.

But no government in the world has the balls to be the first to do it.

Perhaps the Pakistani government will have to be the trailblazers again.

Posted by guest , Oct 08, 2008 4:30AM

@TGFD

SRS = http://finance.yahoo.com/q?d=t&s=SRS

It's a leveraged ETF on Real Estate. They're the next to crater after Financials.

So if your portfolio goes down, SRS goes up.

Because they're leveraged, expect them to go up 10% when the market goes down 5%.

Posted by guest , Oct 08, 2008 4:33AM

@66

Yes. Those pussies. Let's watch the Indonesian market crater -50% once it reopens. That'll teach those villagers from messing with free markets.

Animal spirits UNLEASHED!

Posted by guest , Oct 08, 2008 12:00PM

Guest@#71...

Thanks for the SRS explanation. I don't think I'll play with SRS. Hasn't Real Estate already cratered?

The Guy from Delaware