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To sum up this thread so far, during the next week the markets should go sideways, up, or down, with either decreasing or increasing volatility:D

Jim Cramer: "Ive been a little bit wrong, but time will still bear me out.." Maria Bartiromo: Ha Ha HAAAAAAAAiiii

I think the point they are making is that if you look past the non-recurring write-downs (which analysts are usually supposed to do), the operating cash flows of most of the banks are fairly good. (This is assuming the market for all the level 3 debt garbage will eventually return.) They need...

True- the cash access line is usually 10-20% of credit line by default, but I never tried to contact the cc company to get it raised. The checks would probably be an easier option (I toss them too)

http://marketminder.com/commentary/commentarypage.aspx?title=Debt%20Disbelief&articleID={BF2BEF1C-38B8-4059-A3A8-698F6F049CAB} US Economy: Debt Disbelief 1/23/2008 Story Highlights: * Contrary to popular belief, bank lending rose in 2007—even as liquidity concerns mounted in...

Theres usually no grace period on cash, so you'd have to transfer immediately- Plus the maximum you can take is usually some ridiculously low number. Otherwise everyone would be taking out personal loans at 0% interest on their credit cards. What a nightmare.

Go read readlines of 1960, 1974, 1987, 1990, 1995, 1998, 2002. They sound exactly the same. :D:D:D

I knew that uptick in the USD yesterday was too good to be true...

Exactly - that was classic

I would really love to see a transcript of this emergency phone conversation! This also makes buying more difficult if we can never actually capitulate.

I asked this on another thread; but the problem is that if everyone thinks we will go up from tommorrow's drop or "bottom", we probably won't.

What bothers me is that many seem to expect a huge bounce off of a low (like 1987) soon; is this keeping a temporary floor under the market? (more of a rhetorical question, I don't expect anyone to actually know the answer).

No surprise here: "Peter Schiff has heavily endorsed Republican presidential candidate Ron Paul[6] and started an e-mail campaign[7] asking his clients and colleagues to donate the legal maximum of $2,300 to the Ron Paul presidential campaign."

Incredible..I remember watching this when it was originally broadcast. The only problem is he was a year early.

Futures don't mean anything in this environment

I agree that he's underrated, everyone is forgetting that his job is difficult in this crappy situation he was thrown into and he will get blamed no matter what happens. Its hard to do the right thing when you have half the people saying cut rates to zero, and the other half says to raise...

Well at least we didn't have to hear people bitch about ppt today.

Nikkei jumped 200 pts

There must be a lot of engineers on this board, has anyone done a poll on this yet? (doesn't look like it) Engineers aren't paid what they are worth because nobody values anything useful in this country anymore. With the exception of medicine, most jobs seem to be bs middleman types of jobs...

Agreed. Amazing how everyone is putting so much weight into a report that is revised often and probably inaccurate at this time. Financials are a buy, since most people right now think they will go bankrupt.