ES Journal Archive (2006 - 2008)

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there is a possibility the FED itself will come in and purchase the distressed debt.. from the bank.

global CB intervention such as this morning but more on the banking side.

watch for FED announcement or cuts..

a news item can be used as a catalyst..
 
they would need approval from the house and senate,the congress allowed a loophole that gave the banks the power to police themselves and essentially made the sec powerless, if they approve this and it goes sour,they get blamed twice,the SEC asked 26 times that the house change the rules because of credit discrepancies,and was rejected,i read the article about the SEC , the loophole, the 26 times,on rueters last nite,i tried to find the article again unsuccessfully
 
the working group can basically be a buyer of all shorts today...in derivatives ..futures.options on indexes.

and then release a news item to goose the counterparty..
 
they could just buy the troubled mortgages for a lot less risk than take these credit swaps off of evryones hands,the credit swaps are based on these mortgages,if they(credit swap owners) are getting called on margin,then the credit swaps are underwater where the homes themselves are still worth something
 
Quote from Lawrence Chan:

The outcome is very hard to predict, either finish an up day or we go to 1080 as I said before in this thread.
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I am going to go with LC on this one. I think your 1080 is on the money.

03-17-08 09:04 AM
Yes under 1200 is my target. A very good trader I chat with says it's going to 900.
 
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