someones running for cover

[Neodude]

Quote from sobemark:

this is what has me worried a bit ..

So far it makes sense, many are worried that they may have sub-prime exposure.

It looks like the market isn't reacting much, last time we had a move like this was in 1983, anyone recall what happened?

-Neo

 

[pr€dator]

Quote from Neodude:



It looks like the market isn't reacting much, last time we had a move like this was in 1983, anyone recall what happened?

-Neo

A.) February 13 1983: - U.S. President Ronald Reagan proclaims 1983 "The Year of the Bible".

B.) July 24 1983: - George Brett is expelled from a baseball game in Yankee Stadium, New York, after charging an umpire who called him out for having more pine tar on his bat than technically allowed.

C.) November 3 1983: - The Reverend Jesse Jackson announces his candidacy for the 1984 Democratic Party presidential nomination.

?

 

[gnome]

Quote from pr€dator:

A.) February 13 1983: - U.S. President Ronald Reagan proclaims 1983 "The Year of the Bible".

B.) July 24 1983: - George Brett is expelled from a baseball game in Yankee Stadium, New York, after charging an umpire who called him out for having more pine tar on his bat than technically allowed.

C.) November 3 1983: - The Reverend Jesse Jackson announces his candidacy for the 1984 Democratic Party presidential nomination.

?

What about... "Fed cut rates in August"?

 

[pr€dator]

Quote from gnome:

What about... "Fed cut rates in August"?

Nope. Nada. Rièn.

http://en.wikipedia.org/wiki/1983

 

[Neodude]

Quote from pr€dator:

Nope. Nada. Rièn.

http://en.wikipedia.org/wiki/1983

Better source:

http://www.fdic.gov/bank/historical/s&l/

-Neo

 

[Neodude]

My mistake the last time we had a move like that was in August 1987...

-Neo

 

[pr€dator]

Quote from Neodude:

Better source:

http://www.fdic.gov/bank/historical/s&l/

-Neo

Very interesting - thanks for posting

 

[sobemark]

Quote from Neodude:

My mistake the last time we had a move like that was in August 1987...

-Neo

doh !!

 

[stock_trad3r]

yea some good info

 

[sobemark]

From reality today:

Aug. 20 (Bloomberg) -- Yields on U.S. Treasury bills fell the most in two decades on demand for the safest securities amid concern over a widening credit crunch.

Three-month yields dropped the most since the stock market crash of 1987 and more than in the wake of the Sept. 11, 2001, terror attacks in the U.S, as funds shunned assets that may be linked to a weakening mortgage market.

``The market is totally, absolutely, completely in fear mode,'' said John Jansen, who sells Treasuries at CastleOak Securities LP in New York. ``People are afraid that lots and lots of mortgage paper and mortgage paper derivatives of all sorts is completely opaque and they can't price it.''