Oil beginning to threaten SIFs
- Thread starter nitro
- Start date
"He who makes full assessment of the situation at the prewar
council meeting in the temple is more likely to win. He who makes
insufficient assessement of the situation at this meeting is less
likely to win. This being the case, what chance has he of winning
if he makes no assessment at all?" - Sunzi
council meeting in the temple is more likely to win. He who makes
insufficient assessement of the situation at this meeting is less
likely to win. This being the case, what chance has he of winning
if he makes no assessment at all?" - Sunzi
You know, it is really funny watching these discussions. You know what this is about?
Skin in game for the bailed (institutions/banks/etc), and leverage allowed to the traders PBC (Paulson, Bernanke, Cox) by US gov, who is acting as the risk manager, who in turn are representing the investors, the tax payers!
If you have ever negotiated to use OPM to trade, this should be familiar to you! LOL!
nitro
Skin in game for the bailed (institutions/banks/etc), and leverage allowed to the traders PBC (Paulson, Bernanke, Cox) by US gov, who is acting as the risk manager, who in turn are representing the investors, the tax payers!
If you have ever negotiated to use OPM to trade, this should be familiar to you! LOL!
nitro
I don't see how we can prevent 1100 ish SPX. While I believe that a crash has been averted, even large companies with strong businesses are being affected by the credit crisis. When companies like GE are cutting off a buyback, be afraid, very afraid. Even a depression has a terrifying probability of occurring at this point. As a metaphor, we are in the eye of the storm, but the storm has weakened.
That said, I still believe that investors need to continue to invest in good companies. Get a list together, and nibble slowly at them. Don't try to pick a bottom or over think it. The market will start to rise well before we see the economy turning. Time frame? Probably a good three to six months.
nitro
That said, I still believe that investors need to continue to invest in good companies. Get a list together, and nibble slowly at them. Don't try to pick a bottom or over think it. The market will start to rise well before we see the economy turning. Time frame? Probably a good three to six months.
nitro
I am 90 delta we don't get a resolution today. But I am also 90 delta that we will have one by the weekend.
Imo, while markets should be defensive, it will be really hard for people not to make an exodus come 1 PM Central Time if nothing has happened.
In spirit, the plan is already approved. As financial institutions fail in realtime, the government is stepping in with intense rapidity, e.g., WaMu. So frankly, I don't see the urgency being sold by Bernanke and Paulson. But I yield to their knowledge.
1182 SPX is the level to watch. I would sell with a purpose if we break that, with one eye on the news.
nitro
Imo, while markets should be defensive, it will be really hard for people not to make an exodus come 1 PM Central Time if nothing has happened.
In spirit, the plan is already approved. As financial institutions fail in realtime, the government is stepping in with intense rapidity, e.g., WaMu. So frankly, I don't see the urgency being sold by Bernanke and Paulson. But I yield to their knowledge.
1182 SPX is the level to watch. I would sell with a purpose if we break that, with one eye on the news.
nitro