UBS to Sell Stakes After $10 Billion in Subprime Writedowns

Quote from Ivanovich:

I don't think these kinds of things are priced in before they are known. I just think the market is looking for Uncle Ben to provide the cash drop. After that, it depends on what we get in the form of a statement. But even the statement is beginning to be ridiculous.

"Ok, one more, but this is the last!" When the market knows it's not the last.

Like a kid taking cookies from the jar.
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its true - whats the point if they lie every time? its a transparent fed? if they lie about rate cuts - why wouldnt they fudge numbers?
 
Quote from niceneasy:

its true - whats the point if they lie every time? its a transparent fed? if they lie about rate cuts - why wouldnt they fudge numbers?
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But they have :) Remember the mid september job report at -4k that was somehow revised to +90k in october ( the consensus estimate on september) ... chopper ben cooking the books isnt new and they will probably do it again
 
More write downs and the market moves higher due to cash infusions, this is a real positive for the market, only holding it up by a thread at this moment. What a joke. Im sure the federal reserve will listen to wallstreet and give them 50BP and a .25 -.50 on the Discount as well. Wallstreet will be real ticked off if they only get .25.
 
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