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Could be that -if a rate cut is in the cards- they will wait after the ban on shortselling is lifted, then cut and create further upside through a short squeeze.

Jim Rogers -who many here praise- said last week that if there is another drastic dip "buy with both hands". I take it at face value.

For soft commodities it appears more of a leading one as they kept falling even after BDI made a turn... in the past.

The 1873 panic offers more similarities, the "long depression".

Aside from other possible indicators and being a temporary bottom in a secular bear, today the RSI for the VIX hit 73.40, higher than its peak in Oct 1997 during the asian flu and the highest reading since 1990.

He needs inflation (or the government to reflate). Remember his 4.5 billion in puts expiring 11 to 15 years from now? Not a very long term considering the Nikkei did nothing in almost 18 years... still down 70% from its peak.

MET down 14% today but not heavy volume. HIG down 7% on heavy volume.

In your analysis, I see too may assumptions that are not grounded anywhere. For one, oil price coming down strongly will have a direct impact on the trade balance. Even when exports will diminish due to a global slow down, imports will do so even more. Just this will strengthen the dollar, not...

m22au, now that the loan package has passed, are you still considering GM a short? Thank you.

Thank you, m22au.

Why would you buy emerging markets? I don't understand. Steel and carbon are collapsing as well as fertilizer and ag related stocks. The BDI index has been decimated. Such gigantic drops may be telling a different story.

m22au, could you please expand on NCC? What do you see on their books that makes it worth 3 bucks? Thanks.

Extraordinary Popular Delusions and the Madness of Crowds

Not the same stocks. AIG is in a dire situation having to pay colossal amounts of cash in the coming year and being forced to reduce its size to minimum.

The details of the deal disclosed today are incredibly harsh. For the unused part of the loan, AIG pays 8.50% a year while 11.50% on the used part. This on top of an immediate 2% fee which amounts to 1.7 billion. This means they have no other alternative but to sell the farm and come up with...

He actually said that the strongest part of AIG was their core insurance business and that it was *sacrosant*, as untouchable.

m22au, there's a line in there that says: "In connection with the revolving credit facility, AIG issued a warrant to the Board of Governors of the Federal Reserve ("Federal Reserve") that permits the Federal Reserve, <b>subject to shareholder approval</b>, to obtain up to 79.9% of the...

Are you still considering AIG a short after the latest 8-K filing this morning?

If I understood your back of the envelope correctly, it meant 80% - 85 bill 100% valued at ~106 bill Shareholders take at 21.25 bill (/2.69 bill shares > 7.80/share). I don't think he was counting the loan as an asset but as a simple company valuation that stemmed from the PR. But...

Anyone has a link to the terms of the agreement, such as warrants being returned if the company performs asset sales in a certain time span?