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Dude didn't you see Cramer tonight he said that we have reached the bottom and it's all up from here. The trouble is everytime he states something will go up it actually goes down!

Lehman golfing buddies to the rescue. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/18/cnlehman118.xml Wall Street rallies to aid Lehman By Helen Power in London and James Quinn in New York Last Updated: 12:07am GMT 18/03/2008 Wall street's leading investment banks...

Do we have these conditions...leverage, margin debt....selling feedback...

RATE CUT hell no!!! If they cut the FED rate anymore they will only push the dollar down further.....

Next step FED takes the US Treasury gold and sells the lot to force gold price down......don't joke. The Central Banks are in panic mode they want to hit gold with a sledge hammer....the best tool they have are there own gold holdings.

What concerns me is reading the FED statement is the first paragraph "..... for the promotion of economic growth." Nothing about price stability. We don't need growth we need flat line to bring commoditiy prices down.

If you missed th earlier post with link read for yourself.. http://www.federalreserve.gov/newsevents/press/monetary/20080316a.htm

Translated into non finance lingo .. "We are in bloody panic mode.. we don't know what the fuck to do so we thought another 0.25% would show we are trying something.....also we will accept any loan as collateral we prefer boats, cars and houses".

Its true PANIC PANIC http://www.federalreserve.gov/newsevents/press/monetary/20080316a.htm Press Release Release Date: March 16, 2008 For immediate release The Federal Reserve on Sunday announced two initiatives designed to bolster market liquidity and promote orderly market...

Expect when it is hyperinflation.....

I think the market will be down big time.....this will help justify the FEDs 0.75% rate cut on Tuesday.

SHORTLY after lunch on Thursday, James Cayne settled down at a card table in Detroit and eyed his opponents. He was one of 4000 people who had come to play in the North American Bridge Championship, but the chairman of Bear Stearns, seeded fourth in a group of 130 in the Imp Pairs, had every...

Intresting article on Reuters of a group challenging the FED legality of the BSC bailout. http://www.reuters.com/article/ousiv/idUSN1630454820080316

Remember the market is one big Ponzi scheme that is becoming unleveraged in a big way. Fortunately we have the FED and friends (GS) to print zillions of $USD to invest in keeping the great Ponzi scheme going up. Damn I hope they don't run out of paper, ink or printing machines...

PPT = Plunge Protection Team http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets "Plunge Protection Team" One theory regarding the Working Group refers to it as the Plunge Protection Team. This theory claims that the Working Group is a scheme to manipulate U.S. stock markets...

PPT

John Makin, an economist at American Enterprise Institute, thinks the choice will be "to monetize or nationalize" -- that is, to inflate the economy or take over the banking system. Neither choice sounds too appetizing. http://www.kiplinger.com/columns/picks/archive/2008/pick0314.htm

".....I just gave her business card to Spitzer...that's all."

Beware a low dollar will be highly inflationary.

I agree. I know a guy at work who is in panic mode and will be pulling his $$$ asap from BSC to put in slices of $100K amounts in local FDIC banks. Watch the run on BSC cousins on Monday...Lehman.... PRIORITY #1 IS CAPITAL PRESERVATION