RamblinWreck's Profile
Comments
Entry: Opening Bell: 10.09.08
posted by RamblinWreck
Oct 09, 2008 8:41AM
@1 I think he means futures have been in the snake pit (i.e., negative) for the past six days.
Agree with the rest of you. Projected unemployment of as much as 7.5% according to some analysts, a bellwether like Toyota going the way of Detroit with double-digit sales decline and 0% financing...sounds pretty recessionary to me.
Entry: Morgan Stanley, Again We Ask, What's Happening There?
posted by RamblinWreck
Oct 09, 2008 11:30AM
Exposure to Lehman CDS unwind
Entry: <89700
posted by RamblinWreck
Oct 09, 2008 4:48PM
Kind of an ironic ending to the 1 yr anniversary of the Dow all-time high.
Entry: Write-Offs: 10.09.08
posted by RamblinWreck
Oct 09, 2008 11:57PM
@49 How's Monday work for you? Thanks Columbus!
Entry: Morgan Stanley Is Doing Just Fine, Though, Really, Screw That Ratings Agency
posted by RamblinWreck
Oct 10, 2008 10:02AM
@30 I believe that's called "buyer's remorse."
Entry: 8000? 5000? 0?
posted by RamblinWreck
Oct 10, 2008 10:18AM
@30,31 Look out for that cliff later today...gravity and all that.
Entry: About Those Lehman Brothers Credit Default Swaps
posted by RamblinWreck
Oct 10, 2008 11:01AM
@6 Is the auction taking place for CDS positions LEH held, and not for CDSs that were to protect against LEH itself? Haven't heard enought about this for as big of an impact as it could/will have.
Entry: Krug-MAHN!
posted by RamblinWreck
Oct 13, 2008 1:23PM
Digging the positive correlation between number of EP posts and internets meme references. Moar of this.
Entry: He Was Fine Until This Afternoon, Officer
posted by RamblinWreck
Oct 15, 2008 11:42PM
@155 Nikkei is down about that much. Prepare the Vaseline and ice.
Entry: 50 bps
posted by RamblinWreck
Oct 29, 2008 4:06PM
@43,
Since he said "down 350 from current levels" in the final 30 mins, and seeing how there was a 430 point swing in about 5 mins, I would venture to say it is you who is the idiot.
Reading comprehension...you haz none.
Entry: 50 bps
posted by RamblinWreck
Oct 29, 2008 4:48PM
@56
Never said the guy was completely right, just that 43 (you?) was calling 9 an idiot for saying DJIA would be down 350, which he never did. Hence, no reading comprehension.
(Should have mentioned that 9 was early on his call, but the spirit of his comment held true...that was the other point I was making)
posted by RamblinWreck
Oct 31, 2008 8:57PM
@84
If the ghost of Bella can lick the sweet and sour sauce off her, then defend that shitty wall she shall.
Entry: More Evidence That Fixed Fortifications Are Monuments To Human Stupidity
posted by RamblinWreck
Dec 04, 2008 3:04PM
ep,
Patton references? Who are you?!?!
Entry: Dealbreaker Afterdark: Big Auto In Big Trouble
posted by RamblinWreck
Dec 11, 2008 11:39PM
Seems to me like the steel mills are gone, textiles, pulp mills have been declining in the U.S. for years, etc. with nary a whimper for money to be extended from the govt. on behalf of the taxpayer. Pick a heavy industry and my guess is they were long ago sent overseas. So why again is the domestic auto industry so vital?
For too long the UAW was more than just biting the hand that feeds them; they were clamping down and thrashing ferociously like Michael Vick's best friend. I guess every dog does have his day, but for the UAW, that day has come and gone. Good riddance.
Entry: Dealbreaker Afterdark: Big Auto In Big Trouble
posted by RamblinWreck
Dec 11, 2008 11:48PM
Agreed. These companies have been failing since the 70s, so I don't know why they are so important all of the sudden. I just can't believe the testicular fortitude of the UAW willing to possibly let the 3 go into Ch. 11 which then raises the possibility of them actually going under. Take a pay cut and be glad you have some form of employment (job banks don't count).
Entry: Dealbreaker Afterdark: Big Auto In Big Trouble
posted by RamblinWreck
Dec 11, 2008 11:58PM
How can they be viable when they not only produce inferior products in some form or fashion (your choice of styling, fuel efficiency, etc.) but they also have virtually no foothold in other parts of the world? Even Afghans roll around in Nissan trucks, which is just an absolute embarassment to the Detroit 3.
I don't want them to disappear from the business world altogether, but writing them a check that will be flushed down the toilet in a matter of months when they've shown no creative solutions to their current problems is troubling to say the least.
Entry: Bonus Watch '08: WB
posted by RamblinWreck
Dec 12, 2008 9:00PM
@115
This same tired cliche AGAIN? Let's be honest, banking/finance is not and never will be anything remotely close to rocket science. Calculating EBITDA or comps is mindless stuff compared to deriving the differential equations for heat transfer problems. So all this stuff about "only Ivy Leaguers are smart enough to handle the rigor of banking" is utter bullshit. They are the legacies of those bankers that came before them, when Ivy was the only college education that counted in the NE.
Entry: The Beard Drops The "U" Word
posted by RamblinWreck
Oct 07, 2008 2:12PM
Friday 10/10, 75 bps