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They paid for the tab. I'm just telling you that I've never heard more depressing, yet credible information. I know these guys. They're competent, and they have their fingers on the pulse, everyday. They're making a ton of money, but making a ton of money isn't so great when you have to...

Guys, blow everything off I'm saying. It really doesn't matter. Anyone who claims things aren't going to get a lot worse very quickly is not grounded in reality. I didn't post this to depress anyone. I'm just telling you that the write offs these banks have been taking are only going to...

Wait until the storm passes to put your money to work.

Let me tell you something. You think you know that things will get bad with the banks, right? I mean, there's been doom & gloom all over the news, and predictions of bank failures by the hundreds, right? You are all prepared, right? Nothing will shock you? Things are 100x worse than...

You longs have no idea what's about to hit. This is just one of those things that is nearly impossible to explain.

Mother of All Short Squeezes? by: Matt Blackman posted on: July 20, 2008 Tuesday’s action by the SEC in amending Regulation Short Sales (RegSHO) listed 19 banks and financial companies for which naked shorting was effectively banned for 30 days. Such a limit was long overdue but why...

+1000 There used to be intelligent 'politico' commentators like Buckley and Will who led the GOP faithful - not self-serving and blowhard idiots like O'Reilly and Limbaugh. Bush has destroyed the GOP, with tricky Dick helping him from the dark corner. It's a sad day in America...

Lower. If inventory data is bearish tomorrow, much, much lower, very, very quickly. http://www.elitetrader.com/vb/showthread.php?s=&postid=2003284#post2003284

Bill passed 94-0 in Senate. I'd say that's veto-proof. House should follow in lockstep. Fire in the hole.

If they pass this legislation with a 67 vote veto-proof majority in the Senate, all the stupid arguments about how oil prices aren't being affected by MANIPULATION of futures contracts will be blown out of the water, as oil crashes. I'd hate to be the senator who has to face re-election when...

redrum

> 124 by August 1

Wow. AMEX, Apple, Texas Instruments, Schering-Plough, Merck.... Plus, Amazon took it in the six o'clock during regular hours.

I agree with you. Congress has sent all the appropriations' bills they could muster, and Bush vetoed NONE (his first veto shot down the use of stem cells to cure and treat medical conditions). And then Bush one-upped (or several-upped) them, with drunken sailor spending of his own. But...

Bush has the worst approval ratings of any president in the history of the United States, and for good reason. I like to think of myself as intelligent, and even eloquent, at times. Sometimes, eloquence isn't required or even desired: Bush is an idiot, pure and simple. I'm not talking...

Insults are the last vestige of those who can no longer rationally defend their positions, and have run out of logical responses. Once the insults start flying, as well as the strawmen and red herrings, you know the debate has turned the corner, and one side has begun to win on the merits.

Bernanke is clueless. Just today many manufacturers of finished goods announced they will pass through significant cost increases to consumers, not the least of which are Tyson Chicken and Hasbro.

I agree. Financial Times had a great article about this: http://www.ft.com/cms/s/0/3bf5c59a-5666-11dd-8686-000077b07658.html?nclick_check=1 One simple way to predict a victor By Clive Crook Published: July 20 2008 18:17 | Last updated: July 20 2008 18:17 One cannot help but...

Absolute crazininess on an epic scale... ...wait and watch the collapse of many banks over the coming months. Everything that's being said and done is clearly intended as preparation for bank failures. They're trying to prevent a massive run on the banking system, but once the first...

Too Big to Fail? July 20, 2008 (Page 2 of 2) For one thing, this argument goes, taxpayers — who now confront plunging house prices, a drop on Wall Street and soaring costs for food and fuel — will ultimately pay the costs. To finance a bailout, the government can either pull more...