US desperate to keep stockmarket from collapsing ahead of elections ?

Buy here ?

  • Yes this is the bottom

    Votes: 3 4.6%

  • Yes this is a bottom

    Votes: 7 10.8%

  • Yes but for a short term dead cat bounce tomorrow and the next couple of days. After that all bets a

    Votes: 15 23.1%

  • No the market is actually setting up for an imminent plunge after bottom fishers got suckered in

    Votes: 40 61.5%
  • Total voters
    65
  • Poll closed .
Quote from monty21:

You are all great macro economists! Why are you on a trader's website, however?
More...

I'm both an intraday trader and a intemediate to long term investor. I wear two hats. Intraday has virtually nothing to do with the macro economy, but as an investor i have to be cognizant of the long term picture, which is not very bright at the moment.
 
Quote from Kicking:

I still don't see why they went ahead with the GSE bailout .
The question of the timing does not seem to be addressed in the media. Just a couple of weeks ago Paulson said in all likelihood they would not have to use government funds but they wanted to provide a backstop. Seems to me this guy is the biggest liar of all the Treasury secretaries that worked under the Bush administration. Listen to him and the opposite of what he says will happen.

I really don't see the issue of confidence regarding the dollar, it is in a very strong uptrend. So why the hurry ?
As for propping up housing (pretty outrageous given how inflated it still is and government was very happy on the way up), how big an effect is this going to have ? And why now before all other options are exhausted and the GSE's actually go bankrupt ?
More...

You need to be able to "read" in between the lines . . . This had everything to do with foreign central banks, foreign investors, and the US Dollar. Do you even understand counter-party risk?
 
No I don't understand how the counter party risk changed in a matter of weeks when they said all was fine before.
So what FNM can't meet its obligations ? Suckers who bought their MBS will worry for a while until some arrangement is made and in last resort the Treasury comes to the rescue . MBS, CDO's etc. and treasuries would selloff probably, along with stocks and the majors would rebound against the dollar but what's the big deal compared to the present situation where the government is trying to prop up an inflated housing market and pretty much everything is falling apart anyway?
 
I find it amazing that they have managed to keep the markets from falling alot more. News of several bailouts should knock markets down 30-50%. The whole time they have been lying. How many times did we here last year that sub prime was contained when it wasn't. This weekend they thinking of ways to help lehman and if the deal doesn't go through then lookout below.
 
You guys missed this...
http://www2.standardandpoors.com/spf/pdf/index/lychnobitic374.pdf

FNM + FRE are being replaced in the SP500 by 2 non-financials. Financials represent 17.8% of SP500 and according to SP, financials are attributable to 40%+ of SP500 YTD losses.

As I mentioned to someone else...
The deletion is well defined... the timing of the "plan", days before QUARTERLY rebalance is coincidental...replacement with non-financials is deserving of questions.

Osorico
 
Anyone thinks like Gasparino that Paulson is still working for Goldman ? His stock was down 50% in 8 days, the guy had to do something about it and bail out his friends !

US capitalism turned out to be a complete joke, a big Ponzi scheme profiting mainly to the elite that now needs and wants government help after years of what was in hindsight free market hypocrisy . Now that US capitalism is totally discredited in the eyes of the world, the question is : what are the political implications for the next century ? The majority has no incentive to keep that model alive now.
 
Quote from Kicking:

What do you think of the timing of these bailouts just when it looked like the bottom was falling off?

Why did they need all of sudden to take action on FNM and FRE ?

Why a bailout of LEH right now ?

Is Paulson afraid of a September 2008 crash ruining Mc Cain's campaign ?
More...

No, just worried about economic Armageddon, some of you still fail to see the forest through the trees.
 
I'm seeking permission to "revise and extend" my remarks above where i said: "I love this market." Please change the word "love" to the past tense: "loved".
 
Quote from piezoe:

I'm seeking permission to "revise and extend" my remarks above where i said: "I love this market." Please change the word "love" to the past tense: "loved".
More...

:D
 
bastard paulson, the 700 million dollar man trying to bail out his old firm at the expense of millions and millions of peasants.

yes make no mistake, you frigging peasants
 
You must log in or register to reply here.
Back
Top