You now it's crazy when I go out this season and I see all kinds of people shopping and eating out. They must not have jobs and are using up all of their credit. Also nobody in my neighborhood is being forclosed on. I guess I'm living in Eden.
People still have jobs and are spending around here.
People still have jobs and are spending around here.
Why dont you take a muscle relaxer or something and stop worrying about what strangers post on the internet?
I personally dont give a shit if you find a chair, make a billion dollars, or go completely broke.
I cant believe what I post bothers you so much.
You have it all figured out, so nothing that happens is going to matter to you.
Youve already posted you arent going to change your mind, so I dont see any point discussing anything with you.
Its become quite comical actually.
I personally dont give a shit if you find a chair, make a billion dollars, or go completely broke.
I cant believe what I post bothers you so much.
You have it all figured out, so nothing that happens is going to matter to you.
Youve already posted you arent going to change your mind, so I dont see any point discussing anything with you.
Its become quite comical actually.
Why dont you take a muscle relaxer or something and stop worrying about what strangers post on the internet?
I personally dont give a shit if you find a chair, make a billion dollars, or go completely broke.
I cant believe what I post bothers you so much.
You have it all figured out, so nothing that happens is going to matter to you.
Youve already posted you arent going to change your mind, so I dont see any point discussing anything with you.
Its become quite comical actually.
You don't care if I go broke? Ah Woofy, I don't want to see anyone here go broke. That's not a nice thing to say. I hope you do make a billion dollars. Acutally I don't have it figured out, I know there will be a bear market someday but I know it will recover.
Hitman, I dont wish for you to go broke, Im indifferent.
I dont cheer down stocks you are buying...and it wont make a bit of difference how they perform regardless.
I actually like you as a poster, but for whatever reasons its bothering you more than it should an adult what guys like myself and tiznow are posting in this thread.
I dont cheer down stocks you are buying...and it wont make a bit of difference how they perform regardless.
I actually like you as a poster, but for whatever reasons its bothering you more than it should an adult what guys like myself and tiznow are posting in this thread.
Hitman, I dont wish for you to go broke, Im indifferent.
I actually like you as a poster, but for whatever reasons its bothering you more than it should an adult what guys like myself and tiznow are posting in this thread.
Yesterday is what bothered me. When the market swoons 350 points from top to bottom when what happened was supposed to happen (25 rate cut) it's frustrating. The action of the tape has got me on edge, not you guys. But when I yell at Maria, Dylan, Erin, Kudlow, and Jimmy Cramer they don't answer me back. You and Tizzy engage me but my TV won't talk back to me for some reason no matter how loud I yell at it.
Nice rally for you bulls this morning, but looks like rally is being sold into.
H26, I learned a long time ago to use mute button as much as possible when watching hee-haw (cnbc).
Yeah but you gotta love it when the trot out Cramer the permabull and he goes ape shit. Plus the chicks are kinda hot.
Bloomberg puts me to sleep.
We need a combo type financial channel. Bodog finanacial network. Hot chick, picks, and a bull/bear tug o war :toast:
The only good things about bloomberg are a couple of the hot Asian ladies they have on at night.
The one from Hong Kong is one of the hottest reporters on television.
Erin Burnett at cnbc is pretty hot herself.
Sallie Mae is the toilet bowl stock for today...down 15% or so. Thats one of the companies that handles student loans.
If people dont have 5 bucks to buy their morning starbucks coffee, they also probably dont have money to pay their student loans.
:lolBIG:
must not let markets fall no matter what
fed was like oopsie markets didn't like 1/4 point cut umm....time to get on the phone with central banksters worldwide and make up some BS
this is beginning too become comical at this point
------------------------------------------------------------------------
Wall Street Rises Sharply After Federal Reserve Unveils Plan to Work With Other Central Banks NEW YORK (AP) -- Wall Street shot higher Wednesday after the Federal Reserve announced a plan to work with other central banks to alleviate a global credit crisis. The Dow Jones industrials surged more than 120 points.
Investors upset by the Fed's quarter-point rate cut Tuesday were relieved by the central banks' commitment to help the economy weather the ongoing credit and mortgage crisis.
The Fed said it had agreed with the European Central Bank and the central banks of England, Canada and Switzerland to confront what it called elevated pressures in the credit markets. The Fed said it will create a temporary auction facility to make funds available to banks and set up lines of credit with the European and Swiss central banks for additional resources.
"I think it's certainly a strong measure to ease this credit crunch and I think it will encourage banks to use the discounted borrowing. If banks won't lend to each other, then at least the central banks will lend to them," said Jack Ablin, chief investment officer at Harris Private Bank in Chicago.
must not let markets fall no matter what
fed was like oopsie markets didn't like 1/4 point cut umm....time to get on the phone with central banksters worldwide and make up some BS
this is beginning too become comical at this point
------------------------------------------------------------------------
Wall Street Rises Sharply After Federal Reserve Unveils Plan to Work With Other Central Banks NEW YORK (AP) -- Wall Street shot higher Wednesday after the Federal Reserve announced a plan to work with other central banks to alleviate a global credit crisis. The Dow Jones industrials surged more than 120 points.
Investors upset by the Fed's quarter-point rate cut Tuesday were relieved by the central banks' commitment to help the economy weather the ongoing credit and mortgage crisis.
The Fed said it had agreed with the European Central Bank and the central banks of England, Canada and Switzerland to confront what it called elevated pressures in the credit markets. The Fed said it will create a temporary auction facility to make funds available to banks and set up lines of credit with the European and Swiss central banks for additional resources.
"I think it's certainly a strong measure to ease this credit crunch and I think it will encourage banks to use the discounted borrowing. If banks won't lend to each other, then at least the central banks will lend to them," said Jack Ablin, chief investment officer at Harris Private Bank in Chicago.
Everything okay guys fed's got your back they can fix the problems
---------------------------------------------------------------
ECB to Offer Up to $20B in Dollars
Wednesday December 12, 12:05 pm ET
By Matt Moore, AP Business Writer
European Central Bank to Provide As Much As $20B to Banks to Fill Demand for Dollars
FRANKFURT, Germany (AP) -- The European Central Bank said Wednesday it would make as much as $20 billion available to European banks, in part to fill their demand for scarce dollars, as part of coordinated action with the U.S. Federal Reserve and other central banks.
The Fed said its agreement with the ECB, the Bank of England, the Bank of Canada and the Swiss National Bank was aimed at addressing "elevated pressures" in credit markets.
A decline in interbank lending has produced higher Libor interest rates. Libor is shorthand for the London Interbank Offered Rate and is widely used as a reference rate for such things as variable rate mortgages.
In a statement, the ECB said it would conduct two tenders in conjunction with the Fed, with bids due on Dec. 17 and Dec. 20 that would mature on Jan. 17 and Jan. 31. The Fed will provide up to $20 billion in dollars to the ECB "by means of a temporary reciprocal currency arrangement," the ECB said.
The move will help the European central banks make more dollar loans to banks in their respective areas and could put downward pressure on interbank dollar rates. Markets have long worried that since foreign central banks can use only their own currency to inject funds to money markets, that has led to a sort of squeeze on bank funding.
"It probably means that it will give easier access to dollar funds for European banks," said Commerzbank economist Christoph Balz, who added that a similar move was made just after the Sept. 11 attacks in 2001 to provide access to dollars because "at that time there was also a problem for accessing dollar funds for European banks."
Balz said the decision, while not unprecedented, was "a very rare thing."
Since the global credit crunch hit in August, many central banks have injected massive amounts of money into the banking system in an effort to keep credit flowing. Those efforts have only been partially successful, as banks have become more fearful about extending credit in the wake of a surge in bad loans stemming from the U.S. housing crisis.
The U.S. central bank said that it was creating a temporary auction facility to make funds available to banks and was also setting up lines of credit with the ECB and the Swiss Central Bank that could be used for additional resources.
The Bank of England said it would increase the amount of reserves offered at a 3-month maturity and widen the range of collateral accepted in tenders already scheduled for Dec. 18 and Jan. 15. The reserves offered will be raised from 2.85 billion pounds ($5.83 billion) to 11.35 billion pounds ($23.22 billion), of which 10 billion pounds ($20.46 billion) will be offered at a 3-month maturity, the bank said.
The bank said it would not make any further changes to those two auctions, but added that it would consider changes to operations scheduled after January "in light of market conditions at the time."
The Swiss National Bank said that in addition to its Swiss franc operations, it would offer a dollar tender auction on Dec. 17 worth up to $4 billion. It said it may conduct additional U.S. dollar auctions, "subject to evolving market conditions."
Ashraf Laidi, chief foreign currency analyst at CMC Markets in New York, said he was not aware of a specific dollar shortage, but there was a general problem with liquidity in all major currencies ahead of the end of the year.
"The central banks are resorting to the same sort of swap agreements that were used right after 9-11," Laidi said. "This is a short-term solution that does not alleviate the problems of subprime loans or the housing problems. It is unusual that four banks are coordinating it and resorting to swapping instruments among themselves."
Commercial banks in general try to "dress up" the balance sheets at the end of a year. The crisis in the credit markets puts extra pressure on commercial banks this year.
AP Business Writers Jane Wardell in London and Leslie Wines in New York and Associated Press writer Alexander G. Higgins in Geneva contributed to this report.
---------------------------------------------------------------
ECB to Offer Up to $20B in Dollars
Wednesday December 12, 12:05 pm ET
By Matt Moore, AP Business Writer
European Central Bank to Provide As Much As $20B to Banks to Fill Demand for Dollars
FRANKFURT, Germany (AP) -- The European Central Bank said Wednesday it would make as much as $20 billion available to European banks, in part to fill their demand for scarce dollars, as part of coordinated action with the U.S. Federal Reserve and other central banks.
The Fed said its agreement with the ECB, the Bank of England, the Bank of Canada and the Swiss National Bank was aimed at addressing "elevated pressures" in credit markets.
A decline in interbank lending has produced higher Libor interest rates. Libor is shorthand for the London Interbank Offered Rate and is widely used as a reference rate for such things as variable rate mortgages.
In a statement, the ECB said it would conduct two tenders in conjunction with the Fed, with bids due on Dec. 17 and Dec. 20 that would mature on Jan. 17 and Jan. 31. The Fed will provide up to $20 billion in dollars to the ECB "by means of a temporary reciprocal currency arrangement," the ECB said.
The move will help the European central banks make more dollar loans to banks in their respective areas and could put downward pressure on interbank dollar rates. Markets have long worried that since foreign central banks can use only their own currency to inject funds to money markets, that has led to a sort of squeeze on bank funding.
"It probably means that it will give easier access to dollar funds for European banks," said Commerzbank economist Christoph Balz, who added that a similar move was made just after the Sept. 11 attacks in 2001 to provide access to dollars because "at that time there was also a problem for accessing dollar funds for European banks."
Balz said the decision, while not unprecedented, was "a very rare thing."
Since the global credit crunch hit in August, many central banks have injected massive amounts of money into the banking system in an effort to keep credit flowing. Those efforts have only been partially successful, as banks have become more fearful about extending credit in the wake of a surge in bad loans stemming from the U.S. housing crisis.
The U.S. central bank said that it was creating a temporary auction facility to make funds available to banks and was also setting up lines of credit with the ECB and the Swiss Central Bank that could be used for additional resources.
The Bank of England said it would increase the amount of reserves offered at a 3-month maturity and widen the range of collateral accepted in tenders already scheduled for Dec. 18 and Jan. 15. The reserves offered will be raised from 2.85 billion pounds ($5.83 billion) to 11.35 billion pounds ($23.22 billion), of which 10 billion pounds ($20.46 billion) will be offered at a 3-month maturity, the bank said.
The bank said it would not make any further changes to those two auctions, but added that it would consider changes to operations scheduled after January "in light of market conditions at the time."
The Swiss National Bank said that in addition to its Swiss franc operations, it would offer a dollar tender auction on Dec. 17 worth up to $4 billion. It said it may conduct additional U.S. dollar auctions, "subject to evolving market conditions."
Ashraf Laidi, chief foreign currency analyst at CMC Markets in New York, said he was not aware of a specific dollar shortage, but there was a general problem with liquidity in all major currencies ahead of the end of the year.
"The central banks are resorting to the same sort of swap agreements that were used right after 9-11," Laidi said. "This is a short-term solution that does not alleviate the problems of subprime loans or the housing problems. It is unusual that four banks are coordinating it and resorting to swapping instruments among themselves."
Commercial banks in general try to "dress up" the balance sheets at the end of a year. The crisis in the credit markets puts extra pressure on commercial banks this year.
AP Business Writers Jane Wardell in London and Leslie Wines in New York and Associated Press writer Alexander G. Higgins in Geneva contributed to this report.
