Hum, Wells Fargo seems ok. Bank of America seems ok. These firms have major problems; they did stupid tings made bad bets. They need to be flushed out of the system, thatâs how a capitalist system is supposed to work. Might it be that Paulson worked at Goldman, he has done a great job of eliminating the competition with his not with tax payer money chant. But then Goldman got hit, quick time for tax payer money Paulson to the rescue. Itâs a fucked up system and the US market looks more like Russia,China,Venazuela every day itâs a crying shame. Now we are going to muddle along a drift aimless for 2-3 years.Had they let the market runs its coarse and eliminate the weak we would fall from the pain but soar and soar as we emerge a much stronger nation.
I thought of a way they can prop the market some more. only allow limit orders for sales. that way if a transaction takes place it will always be lifting the ask
Nothing makes me LOL harder than when someone who doesn't know WTF they are talking about, tries to tell you what is what, but then follows it up by telling you to learn history and facts... Go take a junior high current events class my friend... or pull your face out of the ES tape long enough to read the newspaper. The President's appointees control virtually all of this, short of actual legislature written into law. So go ahead reference me the laws you are referring to. Second, if you really believe congress did this, Dems have only been in since Jan 4, 2007, and haven't gotten anything done because of ~100 Rep fillibusters, plus veto threats, so wrong there no matter how you slice it. This dates to circa ~2003... well beyond anything with the tech bubble or Clinton era. WTF does 9/11 have to do with the meltdown today? WTF are you talking about it takes 10 years for a President's policies to filter down... that is what idiots say who: 1) Make excuses for fuckups when they blindly follow a President for partisan purposes. 2) Those that saw it in a fortune cookie and thought it had some credence. When initiatives are created, you don't think the results are seen for 10 years? You're a joker... seriously. Take a look a the Dow chart from 1992-2000... you can draw lines, right? Now from 2000 - 2008... I'm just curious where the pendulum is and exactly what started it with Clinton... was it because of the strength of the dollar, some of the best stats ever in terms of the economy? I mean really, what exactly was it? Just for full disclosure... I'm a libertarian, so screw both sides... but I call it like it is for that reason too, and you just need to be called out as either: 1) A total retard who has been brainfucked into believing up is down. 2) A total cynic, which is equally as bad as option #1. Piss off...
that explains the 3pm ripper yesterday....Imagine getting the heads up on this piece of news like im sure many got.
Because we were looking into the abyss. You're looking at an attack on the Western Nations. Not armor, not cyber. Financial. The thing most precious to Capitalism. The last two of these 'before the Asian markets open." This is so serious, they need it done before the weekend. Pretty obvious. 799 companies? Draconian. This will kill some hedgefunds. They'll never cover w/that leverage. 1...........2.................3........... Awwwwwwwwwwwwwwwwwww Richard Baker on CNBC. I like Castro better. What a criminal. He and Chanos should be hung. Somebody get a hold of him. As k him if he'll go on CNBC with me, and we can discuss the faxes, that 's how long ago, we showed him naked shorting, and how it was destroying companies in his State. Then, we can watch him get his panties in a wad.
"Temporary band" the say. What bullshit. Even if we are close to a world wide depression, they just killed the liquidity of the markets. You think the fractions to pennies killed volitility. No shorting? I doubt the market will "BULL" all day long. I have serious doubts the market will rally and that is it. Im sure the market will sell off, just not on short positions. Many traders better dust off their resume's.
Richard Baker couldn't have explained this short ban fiasco better to the average numbnuts than he just did on CNBC. It's funny how they seem to be putting the spin on the ban that shorts are now the main culprit for the failures... because hell, if you're insolvent, there is no reason to short it. The CDO shell game is another story, but this blanket short ban... omfg... They might as well just halted the market as a better solution.
anyone know what time EST the ES sept 19 options close? I think they are slightly different than normal because they are quarterly options? cant remember tho