smells of a short covering rally since shorts have to eventually cover the get paid for '07...
bond market vigilantes may be stirring since the last Fed. practical joke fell flat along with the SIV Fund....
S&P action in the last hour today really tells the story
I guess if you throw...
Reich is one of these limousine liberals that has the answer for everybody else...
If Hillary is elected, look for that Vladamir Lenin to show up under a White House rock someplace...
I think the belly bitching was all the big money was short at the close yesterday and somebody leaked or found out after hours about this half hatched Fed plan to thaw out the European banks...
so the sure fire short side found itself in the deep end on the open
so OK there will be these...
the Fed action today stinks of a trial run at a world monetary reserve bank intended to kill all the currency gunners that can destabilize economies or governments....
Somebody has figured out that Iran-Russia-UAE-Sadui's of the world could put the hose to these big western banks and their...
I haven't read the mechanics of this so called multi bank agreement but it looks like it's aim at hammering LIBOR or at least telling the specs there's a new player in town
not more liquidity...more devaluation...
hmm...
wait until 3 eastern to see if the fat thumbs could rally it,,,
nope ...up a few hundred on a Q short..but worth it to hear Cra and Kud bitch...
thanks Ben... year end shoveling of HF losses should make getting up in the morning worth it....
not sure if this helps but black markets for dollar conversion are springing up all over the middle east w/ dollar offers on the street 7-10% below the official Saudi peg of 3.75 per......
and other pegs around the Persian Gulf are far below the bank rates...
F the Euro... Oil is the new...
cant see the view that this isnt a credit crisis....
not even the banks are trusting each other... spreads blew out today
Fico's above 800 and the local banker wants 9.25% w/ 30% down for vacant land, not a house...
interesting, I think I touched a nerve with the credit card crowd....
now if someone is on Ritalin and has run out, and needs to pay with credit, hey I'm all for that....