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so did you mean 88 cents on the dollar to back these loans? are you getting interest too? or am i totally off. what did you mean by 88

can you explain this more please...

hahaha. the rich get richer and the poor get poorer. its so funny to me that these are the same types of people that buy 45k lexus's and 750k homes and are making less than 100 a year. why the hell bail these idiots out again?

borders and cc you may want to look at. CC had article in wsj over weekend about new insider ownership that may look to activism to turn things around. stock has gotten destroyed - i covered my shorts. it could run up huge its so beaten down, but i wouldnt buy it. borders is more...

hehe...who are these broke pikers that need an 8 year loan to buy a thirty thousand dollar car? sad...

i cant stand all the monkeys on here and in financial media pretending that ben does anything but pander to stock market. how come we haven't heard new initiatives from benny in the last few days regarding new taf loans or possibly lowering rates some more? maybe slash the discount window...

market about to go unched. wtf??? these monkeys like the numbers today: housing - worst since CS index started in decades consumer confidence - worst in decades banks - more downgrades and multi-billion dollar write-downs ahead :confused: :confused: :confused:

i know its weird. lotta people buying. guess they liked the confidence numbers :p these sheep are gonna get slaughtered. dont get shaken out!!!

couple months?? try friday. i really hope we rally, im not short enough. i shorted more retailers today - got a little impatient. i want to add on the way up not down. but i think we'll end up down 2% today and dont want to miss out. everybodys long now, this is gonna be sweet...

lucrum, piss off you turd. my p&l is bright green this morning and i love it. that confidence number was terrible, and banks are downgrading each other. everyone will be a bear again real soon. im not covering anything, we'll be at 1250 again shortly.

more info about the drug year :D :D :D

yo cold, im short the hell out of market here and could use some support. be a pal and get your sect to short 50,000 spus on the open tomorrow...k, thx bud

all good points. but this momentum makes me want to short even more. its so artificial. the notion that we're going to have a V-shaped recovery from this gigantic mess (housing, credit, etc.) is ridiculous. what goes up must come down. my timing may be off, but im prepared to stay with this...

sorry bud, im a dude. also lol on earthquake remark. yea, that would be funny, hehe.

cold, i love you. you better not leave.

screw it, life is short. i made bucketloads shorting CC, borders, and other piss poor retailers. im short the hell out of barnes and nobles now (put on at the close today.) fed has half its balance sheet already in use backing these taf auctions and thru other liquidity measures. rates are...

1370 on s&p tomorrow - i hope. gonna double down baybay!!! loved the follow thru today btw...that was pretty weak close. i dont know if we even make it to 1370 before big selloff.

simple: bernanke buys all the underwater mortgages, and prints 1 trillion dollars and hands it to citigroup. then market cheers about what a great job he's doing. :)

ok then, join your dumb money bretheren buying the market here. we're at new highs for this month, this is where you usually buy. youre gonna get smoked so hard on the downside. lucky for you, youre probably not allowed to hold overnight positions yet. im shorting the motherload when s&p...

finally, some logic in an otherwise convoluted thread. the answer sir is nothing EXCEPT smoke and mirrors from the fed and permabulls with an agenda that cnbc brings out to convince dumb money to buy the market here. its all smoke and mirrors and hype this last week. situation still terrible.