Mr Regal_2012, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this forum is now dumber for having listened to it. I...
Recap of day, started awesome, then some bullshit, followed by a dash of awesomeness, new record for me but not too thrilled as i know it should be double that today. I would finish for the close but i'm exhausted.
+27.7k
So my friend told me that one of his buddies that is a broker (used to have a book of 30 mil but of course way down from that) is getting death threats now from one of his clients over the market tanking. Anyone hearing crazy shit like this going on now?
actually they were selling these products willy nilly cause the risk premium was thought to have been sold off via cdo's and no damage would be made since it would be spread throughout many different parties, of course the default risk premium was pretty much nil if prices are going up 20-30% a yr,
i opted out of my money market sweep after countrywide started having problem as I saw the fund had a 3% exposure to, also didn't like the exposure it had to other bad banks. Risk/reward isn't there for parking cash with yields this low.
i saw something where the American Bankers association wasn't too pleased with the Fed's support of the money market funds. Their reasoning is, it pretty much is like an FDIC for mmf's. So why would an investor chose a CD over a mmf when mmf's implicitly now have the same default risk but no...
i use to trade skf pretty heavily until the short ban, the action and liquidity in it is not the same since the ban took action, hopefully when the ban is over it returns back to trading normally
yah banning short selling only helps in the short term, pakistan did it and the only thing that stopped them from going do further was by not allowing any selling below a certain price therefore creating a floor.:eek: