Search results

Looks like we'll have a 1000 dow points rally today.

The most unexpected thing that the market can do today is to go up. Therefore, it's going to happen.

I agree. There have been 10 years of ups and downs, and the net effect is essentially 0% returns. I think we are going back to the old school model where the stocks would have to offer dividend yields twice the long bond yield, to make the equities favorable again.

It has, indeed. It's just occurred over the last 2 weeks, while everyone was expecting a one day drop. What's going to happen for the next few months is that moms and pops will be selling while the professionals will be accumulating.

The dividend yield on the S&P is around 2% and dropping. So, over the last 10 years, you got 2% return and a lot of risk. If that's not convincing, here is another chart reflecting the sorry state of affairs:

I've been bearish since the dow 14,000 last yer, and I have not changed my stance, either. The entire concept of "stocks go up over long haul" needs to be questioned.

Trading futures with $1500 is not going to work either.

I think their clock shows the hundreds of a second, not milliseconds, but I am with you, man, this is just silly either way.

We are actually back to the 1998 levels on the SPX. 10 years, a lot of pain, and no gain (except the dividends).

:) This is pretty good shit, dude!

This looks very interesting to me: "Citigroup has granted the FDIC $12 billion in preferred stock and warrants to compensate the FDIC for bearing the risk, according to the press release." Has this been done before?

My quotes show that WB traded as low as $3.10 pre-market today.

Alternative link: http://www.foxnews.com/projects/pdf/rescuebill_First_Draft.pdf

I found the draft here: http://i.cdn.turner.com/money/2008/images/09/28/ayo08c04_xml.pdf I don't see any provisions for "taxing the trades", but then again, it's a 110 pages document, so I may have missed it.

Does anyone have a link to the Nancy/Harry proposed bill? I don't see anything at financialservices.house.gov/

8. Day trading is a game with a negative expectancy. If there were no transaction costs involved (spreads and commissions), we would probably see 50% losers and 50% winners (i.e. a zero sum game).

I use neither of these "three elements", and I believe I have a good system (in fact, a couple of them).

Incorrect. Re-read the original post carefully, and note the clause "of the amount referred to in paragraph (1)". 20% or more will be allocated to Housing Trust Fund and Capital Magnet Fund. The rest will go to Treasury.

What makes this almost comical is that the previous CEO, Killinger, also walked away with a lot of dough:

Things are moving too fast. Here is the WaMu release from just a few days ago: "WaMu continues to be confident that it has sufficient liquidity and capital to support its operations while it returns to profitability".