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    Wb?? Wtf

    Here is the C press release. Notice how C says that they have an exclusivity agreement with WB, but did NOT have a signed definitive agreement. :confused: Looks like a case for the lawyers. NEW YORK--(BUSINESS WIRE)--Citi today issued the following statement: Wachovia’s agreement to...
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    Bailout Bill....Tax Break for Wood Arrows?

    Probably done to get a "yes" vote from a Senator. Anyone have a wooden arrow manufacturer/distributor in their state?
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    So when is the voting scheduled?

    Just heard a radio interview with Senator Feinstein of CA. She said that the Senate has to vote on a trade bill pertaining to India at 7:30EDT and she thought they would get to the bailout bill by 8:30 to 9:00EDT. The bill should pass, but the vote tally estimate varies from mid 60's to low...
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    Ewj: elliott wave

    mu200411, You have a great thread! Keep up the good work!:)
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    What is in your opinion the best material for learning technical analysis?

    I think one of the best resources for T/A is right here on ET! It is the "EWJ: Elliott Wave J........ " journal by mu200411 It is located in the Technical Analysis Forum. This journal is light, fun, applies Elliott Wave theory to the markets in real time and is well written (brief and...
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    Which shitty financial company will go bankrupt next? Part VI

    Maybe it will be DSL ? They are a California based S&L that specializes in option arm and other funny money loans... Maybe this Friday? We shall see...:)
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    JPMorgan Wamu Deal

    WM gets no payments from JPM or FDIC. Sorry guys... JPM has a 23 page .pdf file that explains how sweet the deal is to JPM. Page 19 of the .pdf shows the $$ profit impact for JPM. The deal will add $1.9B in 2009, $2.2B in 2010 and$2.6B in 2011 for JPM. JPM triples their invest of...
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    Is WaMu the last major bank bk?

    Some folks have suggested WB. WB bought Goldenwest here on the West Coast in 2006 for over $25 billion. Goldenwest specialized in variable rate/pay-option and pick-a-payment loans where the debtor could pay a minimal monthly payment and the shortfall would be tacked on to the loan balance...
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    WM butchered after hours.

    It does appear to be an FDIC seizure from a timing standpoint: WM branches on the West Coast are open from 9:00am to 6:00pm Pacific Time. The FDIC would then seize the WM branches at 6:01pm Pacific Time today (Thursday, Sept 25). JPM has a conference call scheduled for 9:15pm Eastern...
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    Tax on Trades Should Be Part of Rescue Plan, Some Democrats Say

    Well, if a trader is only marginally profitable, this tax would be a killer and also cripple established traders. Here is an example: A marginal trader makes one round trip, buy and sell or short and cover each trading day. The trade size is $10,000. The tax is $50 for the round trip...
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    Tax on Trades Should Be Part of Rescue Plan, Some Democrats Say

    Clearly this would include ETF trades, but what about mutual fund trades? money market fund trades? I just finished eating lunch (I'm on the West Coast). Excuse me, I have to go throw up now....:mad:
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    Tax on Trades Should Be Part of Rescue Plan, Some Democrats Say

    In a letter sent late yesterday to House Speaker Nancy Pelosi, 16 Democrats asked her to ensure any rescue legislation include a ``transaction tax'' on all U.S. stock trades and on other types of trades, such as credit default swaps, options and futures. They are proposing the tax would be at a...
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    scottrader quotes

    From what I have read in various places, it seems that when volume spikes up, Scottrade and TD-Ameritrade both get real slow. Sounds like they don't have enough servers/computing power to handle the volume spike. I do not have an account at either firm, so I can't confirm this.
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    just blew a giant score , distraction is a terrible thing

    Sorry for your loss... Stay focused and reduce the distractions around you as much as possible. Don't surf for p#rn, be distracted by the dog barking or the g/f b#tching. Close the door and trade in solitude. Even taking a few seconds to look at the view out the window will take a few...
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    SPY vs Vanguard 500 index fund For IRA

    At first glance, I would go with SPY. I have a friend who has a 401k and wanted to sell a Vanguard fund (don't remember the fund name off hand) and they had a rule that if you sold the fund you could not buy it back for 90 days. Apparently, Vanguard is trying to discourage short-term...
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    Wachovia headquarter raided

    That is a hoax, pure and simple! The earth is flat! I won't take anymore of this nonsense! Now get back to trading and make some serious coin.:D
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    Washington Mutual going under:

    Let's look at the press release closely. The first sentence says: ""Washington Mutual recently raised $7.2 billion in capital and its tangible equity to total tangible assets ratio was 7.8% as of June 30. " Went to the WM website and found a presentation that was presented by Kerry...
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    General Motors to hold news conference Tuesday...

    Hmmm... I think they need to whittle down the number of brands they sell. Doesn't GM have Chevy, GMC truck, Buick, Pontiac, Oldsmobile (is this brand still being sold?), Saturn, Cadillac, maybe a few more. Keep Chevy, Saturn and Cadillac and eliminate the rest, although the dealers...
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    CDs in countrywide bank, are they safe?

    Your CDs are probably safe for now. BAC acquired CFC on July 1. Red Oak aquired the CFC parent and then changed it's name to CFC. BAC then acquired (I call it cherry picking) about $ 31 billion of CFC assets. BAC gave CFC a mix of cash and IOUs for the assets. BAC claimed that all assets...
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    Internet accidently discovered to have a gaping security hole!

    The patch has to be applied to your pc and to every server on the internet that your internet page request passes through. Microsoft wrote the patches for the end user personal computers and for servers on the internet where all the data passes through. Diligent pc users will apply the...
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