Pliablemoose
Lifer
- Oct 11, 1999
- 25,195
- 0
- 56
Pliablemoose
Lifer
- Oct 11, 1999
- 25,195
- 0
- 56
Pliablemoose
Lifer
- Oct 11, 1999
- 25,195
- 0
- 56
Originally posted by: Naustica
That 7% is good as GM pension.
Yup.
http://www.bloomberg.com/apps/...jFZyayPKeG4&refer=home
Usually when one company acquire another, they acquire all asset along with all liabilities and debt. Unless there were some deal worked out with CFC's debt holder during the acquisition deal, those CFC debt is now BAC debt. If BAC choose not to guarantee them, they are basically saying they won't honor their own debt and that's gonna hit their credit rating big time and make it hard for them to raise cash/capital for their own daily operations. Not to mention a bit hit on their own stock, and their customer confidence.
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
DOW plunnges into 10,850 range, NasDAQ drops below 2200 and the S&P flirts with 1200 level.
Wholesale inflation soared to 27 year high at 1.8% (including food/energy). More tame core at .2%.
Big layoffs at GM
More banking trouble to come.
Retail sales up .1% but was expected to be .4%...and that's with the borrowed stimulus checks that Uncle George is sending out.
Don't I paint a rosey picture?
Wholesale inflation soared to 27 year high at 1.8% (including food/energy). More tame core at .2%.
Big layoffs at GM
More banking trouble to come.
Retail sales up .1% but was expected to be .4%...and that's with the borrowed stimulus checks that Uncle George is sending out.
Don't I paint a rosey picture?
- Jan 23, 2002
- 2,206
- 12
- 81
Originally posted by: Engineer
DOW plunnges into 10,850 range, NasDAQ drops below 2200 and the S&P flirts with 1200 level.
Wholesale inflation soared to 27 year high at 1.8% (including food/energy). More tame core at .2%.
Big layoffs at GM
More banking trouble to come.
Don't I paint a rosey picture?
Welcome to a bear market
The market is over reacting. There sure are pretty grim news surrounding financials and the overall health of the economy is weaker, but it's not collapsing.
Then again, I'm betting on the wrong side so far :brokenheart:
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Originally posted by: Azurik
Originally posted by: Engineer
DOW plunnges into 10,850 range, NasDAQ drops below 2200 and the S&P flirts with 1200 level.
Wholesale inflation soared to 27 year high at 1.8% (including food/energy). More tame core at .2%.
Big layoffs at GM
More banking trouble to come.
Don't I paint a rosey picture?
Welcome to a bear market
The market is over reacting. There sure are pretty grim news surrounding financials and the overall health of the economy is weaker, but it's not collapsing.
Then again, I'm betting on the wrong side so far :brokenheart:
S&P just hit 1200.99....let's see if it holds! :Q
I just came back from vacation and this is what greets me in the morning. I wished I hadn't looked. 401k getting slaughtered once again.
http://www.marketwatch.com/new...eddie/story.aspx?guid=
Perhaps someone can explain to me how shorts are drive down the stock prices of these banks and investment firms rather than their poor business decisions the past couple years? Apparently despite having to write down billions each quarter, their stock prices should continue to increase?
Perhaps someone can explain to me how shorts are drive down the stock prices of these banks and investment firms rather than their poor business decisions the past couple years? Apparently despite having to write down billions each quarter, their stock prices should continue to increase?
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Edit: Looks like the SEC wants to limit Naked Short Selling on financials, but Naked Short Selling is illegal anyway so just enforce the damn rule.
Shorts are part of the natural market in which you can borrow a stock that you don't own and sell it with the idea to buy it back (hopefully at a lower price).
Naked shorts is the selling of stocks with no borrowing of real stock to cover. If left unchecked, you can literally create all the shares you want from nothing by selling stock that's not real (borrowed to cover). You can really drive the price down if you can virtually create as much stock as you want to sell. I think I've got it right and someone correct me if I'm wrong.
One note: Naked short selling is illegal for ALL stocks and they (SEC) should just enforce their own damn rule for ALL stocks, not just the financials in trouble.
Right naked short selling is illegal and all they have to do is enforce the rules. In fact all they have to do to enforce the rule is to make sure the brokers aren't allowing it to occur in the first place. My broker doesn't allow it; every time I've done a short sale, their software tells me beforehand how many shares are available to short and won't let me sell beyond that. What's sort of pissing me off is all this talk about additional rules on legal short selling--bringing back the uptick rule, idiots calling for an 80% tax on profits from short sales, etc.
ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,811
- 126
In a bear market, any rallies should be met with skepticism and sold. That said, I'm going to commit more funds and buy again tomorrow. I've been very wrong the past month and have taken a pounding everytime I bought, especially CarMax. But I intend to at least double the position in the name. I am going to sell off my longterm Glaxosmithkline position and swap it with CarMax and also going to invest the beach condo downpayment money I've been saving. I had planned to buy an investment beach condo down in Navarre Beach, FL, late this year or in '09 but I'm postponing that indefinitely. That money and any new money is going to stocks.
ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,811
- 126
Darn, I'm getting tempted by WaMu the Killer Whale. I'm tempted to pick up some Washington Mutual for a trade. Buying stock at $3.61 is like buying a call option without expiration. Well there is expiration at $0. You would think I would learn my lesson after getting burned on the Wachovia calls.
good luck
I've been hit hard the last months. I'm cash only for the moment. I'm not buying and selling
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