Tweet
Originally posted by Kidicious
The market is down 5%. Let's discuss Kid's personal life.
I feel the man love.
The market is down 5%. Let's discuss Kid's personal life.
I feel the man love.
-
You don't expect to be called out when finding enjoyment when others get laid off? -
Normal main street banks (i.e., not investment banks like Lehman Brothers or Merrill) are taken over by the federal government rather than go bankrupt. Banks pay deposit insurance which funds these activities.Originally posted by Barnabas
What is the option to the state not saving those banks? Letting them break?I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Is it true that the Fed has announced it will now take equities (stocks) at the discount window?Comment
-
Indeed it has. That was announced last night, AFAIK. That's probably what led to the stampede for funds that Colon mentioned.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Actually, this is fun, but I would rather discuss the thread issue a bit now.Originally posted by asleepathewheel
You don't expect to be called out when finding enjoyment when others get laid off?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
-
Very good signOriginally posted by Arrian
I guess I'll take it as a good sign that over the past few days, my (insurance) company's stock has essentially stayed put.
-Arrian
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Insurance is backed by a public trust, btw, if anyone is wondering.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
-
Originally posted by DanS
Obviously, there's no hurry. Don't get caught up in the day-to-day panic/euphoria and you'll be just fine.
I'm still keeping my powder dry, but to be honest, I'm not looking for the lowest point to get in... Just a reasonably low price.
Yeah, I wasn't about to rush out and buy in. I'll wait a while more. I don't want to compound my earlier mistake (putting in a bunch of money right at/near peak - Oct. '07). I'm fine with "reasonably low price" too.
Actually, my concern is just the opposite of getting caught up in the day-to-day craziness. I'm a fire & forget sorta guy, and I am capable of completely ignoring the stock market for months at a time. I need to pay more attention than I usually do.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
-
Yes, I know that. I was just wondering if NOT doing that and just letting them break was possible.Originally posted by DanS
Normal main street banks (i.e., not investment banks like Lehman Brothers or Merrill) are taken over by the federal government rather than go bankrupt. Banks pay deposit insurance which funds these activities.I need a foot massageComment
-
That's um...Originally posted by DanS
Indeed it has. That was announced last night, AFAIK.
Comment
-
Yay. I had heard that we apparently have relatively little exposure to the mortgage securities that have been causing so much trouble. Flipside is that it's been a fairly bad Cat year... even before Ike hit (and we've got a pretty big share of the Texas market). So the good times ain't exactly rolling, but I figure we will be standing in the end.Originally posted by DanS
Very good sign
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
-
What an interesting day. The financial world, as we know it, changed forever today..."I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003Comment
-
No, not possible. The FDIC (Federal Deposit Insurance Corporation) is obligated to step in.Originally posted by Barnabas
Yes, I know that. I was just wondering if NOT doing that and just letting them break was possible.
A law set up due to the Great Depression.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Fortunately, mine's (ING) has minimal exposure to subprime loans, though they refused to comment on their exposure to Lehman.Originally posted by DanS
Insurers and banks got slaughtered...
Looks like my bank, Wachovia, might not be solvent in a couple of days. Down 25% in normal trading.
I bough into a USD heavy company 2 months ago. It's been paying off very well, but now I'm considering moving out much sooner than I had intended to. I think the USD is undervalued but it's getting a little too hot.Originally posted by Arrian
Doh.
Like you, I have cash available that will allow me to buy in. Unlike you, I have little confidence in my ability to pick the right time to do so. Meanwhile, the money I already had in the market has taken an absolute beating. My consolation is that I have time to wait for it to come back up...
[puts down very small violin]
My best friend could easily have gotten caught up in this crap and lost his job (still could). I hope his company rides it out, as it has so far.
-Arrian
Today's industrial production report didn't get a lot of attention, but it showed capacity utilization fell by 1% in a single month. Couple this with the recent labour market reports and falling commodity prices and its clear inflationary pressures are disappearing. I expect the Fed will soon feel free to lower rates again.Last edited by Colonâ„¢; September 15, 2008, 16:39.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
Big Bottom Boom! Hopefully, this will shake everything out, and we can start the recovery.Originally posted by Kidicious
The market is down 5%.Comment
Comment