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Yes, God forbid we shoot the shit about market moves on a trading forum. We can't have that. :confused:

ES +3.25 Wow. That's a better than 20 point rally off the aftermarket low. 131 points on the Dow futures.

Verrry interesting. There will be many and varied consequences coming out of this for municipalities, schools, etc.

Futures back to flat. Go figure. :confused: Quite a comeback. I guess that Fed koolaid is still tasty to somebody.

This just hit the news wires....Bush is gonna bring back "Brownie" to run the Fed. He asked Harriet Myers but she's busy teaching Sunday school.

Holy f--k. I didn't see that coming. But then I didn't see today's reversal coming either. :confused:

Heh. :D BTW Eliot, you were right the other day with your article and post about the BS meeting that was held re the monolines. I was saying "ah, it's too big not to fix it and soon" but I've since gotten more pessimistic. I think the only "solution" anyone has for this mess is to cut...

I don't know but that's why the market flopped after the Fed announcement and that's why the financial markets are going to continue crapping on themselves even if they rally here and there. But don't worry, our fearless leaders are vigorously ignoring the issue which of course will make it go...

LMAO :D

The only thing that would get Americans rioting in the streets is if cheezy, salty snacks are outlawed. Or "American Idol" gets cancelled. I'm sorry to say it but there's no more fat, lazy, stupid bunch of complacent morons on earth than we Americans. Okay, maybe the Europeans. The...

I'm not letting them off the hook but they ARE largely just dancing to the tune that our "betters" have called. We're a consumer society that produces nothing but paper shuffling and the people who get paid $100 million or more per year to shuffle the paper have completely fucked it up by...

And if you were to ask Paulson, Bernanke, Bush or anyone in Congress about the monolines you'd hear, "mmm...bubmm...um...I don't really know but, golly, I guess it'll all work out if we just ignore it." I don't want to get all political, but much of the economy's anxieties are created by...

Ackman is laughing his ass off. http://www.marketwatch.com/news/story/mbia-ambac-slump-ackman-loss/story.aspx?guid=%7BD78121A0-0A7C-44FC-8CBA-CD8CB2982458%7D SAN FRANCISCO (MarketWatch) -- Ambac Financial and MBIA Inc. will lose more money than they're currently predicting from guarantees...

Gasparino's such an egomaniac I'm sure he gets off on tanking the market.

I haven't seen anyone in the financial media who has any challenge or response for what he has to say so, hell, maybe he's right. The financial system is in total collapse and we're all gonna die. And soon. :(

S&P announcement along with FGIC announcement - huge, huge fear about the ongoing viabilty of our financial system. After all this time, literally years of worry about subprime, still, no one knows what the total liability is. It's a very scary unknown and there's no evidence that the powers...

Other indices, too. That and futures in a near free fall have got me worried.

Yep. Gasparino loves playing the boogie man with the AMBAC/economic collapse story. He's been working that pretty hard. I don't know, maybe he's right.

Arnie, you nailed it and I mocked you. You may kick me in my cyber ass. :D

I was responding to Arnie's opening post, not your post. Sorry for the confusion. I agree with you, though. Ya don't like this rally, feel free to short it and see how it works out. :D