LEH Beats, BBY Beats, Why Cut?

hbiawos · Sep 18, 2007

Brokerages are booming, the consumer is spending, rampant commodities inflation, the dollar at historic lows---if the Fed cuts today I sure as hell am going to be interested to hear the rationale behind it.

makloda · Sep 18, 2007

What about the fixed income market? How is that doing? How is corporate bond issuance doing?

lost_my_way · Sep 18, 2007

Lehman was supposed to be one of the worst in terms of exposure to subprime. If they're doing okay, then what's the problem.

hbiawos · Sep 18, 2007

Foreclosures are up 100% from last month, but BBY is raising guidance. Tell me how that makes sense. Screw the mortgage payment, let's go get a Wii. ??

john12 · Sep 18, 2007

today is a very confusing day. how the hell did bby do so well with all the turmoil in august? are you telling me consumers ran out to buy flat screen tvs as the market was tumbling in august and people were scared of money funds? and it looks like leh barely scratched with all this. and throw in foreclosures on houses going wild. this makes no sense yet again. its crazy for the fed to lower

hbiawos · Sep 18, 2007

Quote from john12:

today is a very confusing day. how the hell did bby do so well with all the turmoil in august? are you telling me consumers ran out to buy flat screen tvs as the market was tumbling in august and people were scared of money funds? and it looks like leh barely scratched with all this. and throw in foreclosures on houses going wild. this makes no sense yet again. its crazy for the fed to lower

Completely agree.

myminitrading · Sep 18, 2007

Quote from john12:

today is a very confusing day. how the hell did bby do so well with all the turmoil in august? are you telling me consumers ran out to buy flat screen tvs as the market was tumbling in august and people were scared of money funds? and it looks like leh barely scratched with all this. and throw in foreclosures on houses going wild. this makes no sense yet again. its crazy for the fed to lower

Its all part of the plan, spin spin spin them lies.

scriabinop23 · Sep 18, 2007

Quote from myminitrading:

Its all part of the plan, spin spin spin them lies.

get over it.

I was caught short in my lehman put spread this morning, and its over.

This market is going up big.

lindq · Sep 18, 2007

Quote from hbiawos:

If the Fed cuts today I sure as hell am going to be interested to hear the rationale behind it.

No reason at all for a rate cut. They should keep their powder dry.

Prediction...no rate cut...immediate pullback in the market, followed by rally.

kashirin · Sep 18, 2007

Quote from makloda:

What about the fixed income market? How is that doing? How is corporate bond issuance doing?

Everythin is mirrored by the stock market
If shares don't drop corporate bonds are OK