You gotta love 'em.
Rumors are better than money injections.
S&P Says end of Writedowns 'Now In Sight' for Big Institutions - Bloomberg
StreetInsider.com (subscription), MI - 8 minutes ago
We track them down and report them to our members if they come from a reliable source, having an influence on the market, or make some sense. ...
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Selling ends on rumor
Started by
Rogerdodger
, Mar 13 2008 10:25 AM
9 replies to this topic
#1
Rogerdodger
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#2
Rogerdodger
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Posted 13 March 2008 - 10:34 AM
NEW YORK, March 13 (Reuters) - Subprime mortgage write-downs could reach $285 billion but an end to the write-downs is now in sight for large financial institutions, Standard & Poor's said in a report on Thursday. The rating agency said some subprime mortgage write-downs are larger than any reasonable estimate of actual losses. It noted that the positive impact of subprime disclosures is offset by worsening U.S. housing and credit markets. For details, see [ID:nN13300839]. (Reporting by Nancy Leinfuss; Editing by Tom Hals)
LINK
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
arbman
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Posted 13 March 2008 - 10:56 AM
Slippery slope of hope...
The market was supposed to climb higher on the bad rumors (or estimates) and sell on the news (or actual earnings), not try to spike with their hopeful news and then continue its drift lower.
This is a typical bear market headline, imho...
Edited by arbman, 13 March 2008 - 10:58 AM.
#4
Rogerdodger
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Posted 13 March 2008 - 11:07 AM
This is a typical bear market headline, imho...
Bob Pastrami on CNBC said : "We,ve heard this before."
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#5
pdx5
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I want return OF my money more than return ON my money
Posted 13 March 2008 - 11:15 AM
Bear market continues on the slope of hope? 
Edited by pdx5, 13 March 2008 - 11:17 AM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#6
arbman
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#7
ogm
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Posted 13 March 2008 - 11:34 AM
Lol.. whats with the pessimism ?
Of course the end of the write downs should be anticipated. And of course a lot of writedowns far exeede any reason.
Breath in Breath out.. the world isn't ending.
The fun wil start when the Write UPs will begin.
#8
humble1
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Posted 13 March 2008 - 11:41 AM
CNBC is REALLY pushing the bull case again. they're afraid someone is gonna starting thinking about GE.
this action is very bearish. we are churning lower during OPEX but not low enough to make the crashistas get a pay-off: same old story, screw the overexcited bears, get the bulls excited again.
when in doubt, look at the DAILY chart. (or the weekly, or the monthly: a guy named gann recommended that first, lol)
this action is very bearish. we are churning lower during OPEX but not low enough to make the crashistas get a pay-off: same old story, screw the overexcited bears, get the bulls excited again.
when in doubt, look at the DAILY chart. (or the weekly, or the monthly: a guy named gann recommended that first, lol)
Edited by humble1, 13 March 2008 - 11:48 AM.
#9
ogm
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Posted 13 March 2008 - 11:55 AM
CNBC is REALLY pushing the bull case again. they're afraid someone is gonna starting thinking about GE.
this action is very bearish. we are churning lower during OPEX but not low enough to make the crashistas get a pay-off: same old story, screw the overexcited bears, get the bulls excited again.
when in doubt, look at the DAILY chart. (or the weekly, or the monthly: a guy named gann recommended that first, lol)
I'd start with weekly. And in particulary the weekly of the 2 year treasury notes. Talk about fear and idiocy.
CBOE put call is above 1 again today. So many puts been purchased lately. Wonder if they pay off. If history is any guide, they won't.
#10
humble1
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Posted 13 March 2008 - 03:51 PM
uhhh ... errhhh ... ummhhh ... and how have the calls been paying off ?
LOLROTF
(i think that was my point)
Edited by humble1, 13 March 2008 - 03:51 PM.
