Charting the Crash

[Magdoran]

I was thinking the same thing G.

Stop it!!! You’re killing me!

Ha-hahahahha-haha that is so funny, especially after that thread on Cramer’s crazy outburst!


Mag

 

[theasxgorilla]

Stop it!!! You’re killing me!

I know, I don't think I can wait 'til Christmas to get my Ben Bernake action figure.

 

[wayneL]

Uncle Ben proves he has at least on ball. I wonder if he'll ever grow another one?

Market was expecting a drop... muppets!

 

[wayneL]

Uncle Ben proves he has at least on ball. I wonder if he'll ever grow another one?

Market was expecting a drop... muppets!

Bundles of cash seen parachuting in downtown Manhattan.

Sus.... & Amazing.

 

[Sean K]

Crash over?

0720 [Dow Jones] WALL STREET: Stocks surge after trending higher most of session, overcoming brief late-day move into red, as positive results drive Cisco and Priceline; "It looks like investors are much more comfortable with the direction of the economy," says Jack Ablin at Harris Private Bank. "Equity investors believe that this is a short-term liquidity imbalance more than a problem with the markets or the economy." Network equipment maker Cisco Systems gains 6.6% after it reports 25% rise in 4Q earnings, boosting other tech shares; online travel-services firm Priceline.com adds 22.2% as its 2Q profits nearly tripled. Toll Brothers adds 6% as investors found positive signs in its 3Q result despite home-building revenue falling 21%; other homebuilders also gained, with KB Home up 8.8%, D.R. Horton advancing 6.9% and Pulte Homes adding 7.2%. Shares in investment banks rise as S&P expressed confidence banks will remain profitable despite recent market turmoil; Lehman Brothers adds 6.7%, Goldman Sachs rises 1.1%, Morgan Stanley gains 1.7%, and Bear Stearns advances 3.6%. Polo Ralph Lauren falls 12% as its 1Q earnings came in below analysts' estimates; Internet content provider InfoSpace drops 10% in after-hours trading as its 2Q earnings miss Wall Street's view. Dow closed up 1.1%, Nasdaq +2%, Philly Semicons +2.4%. (SRO)

 

[billhill]

Crash over?

Don't think so kennas. unfortunately.

BNP Paribas SA, France's biggest bank, halted withdrawals from three investment funds because it can't ``fairly'' value their holdings, as concern over U.S. subprime mortgage losses roils credit markets.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ayOiMpIOavzw&refer=home

as i post this both the dax and ftse are significantly lower.
Probably on the back of this. I thought it was too early for this subprime thing to have finished. Mind you the US markets reaction tonight will obviously be key.

 

[CanOz]

Don't think so kennas. unfortunately.



http://www.bloomberg.com/apps/news?pid=20601087&sid=ayOiMpIOavzw&refer=home

as i post this both the dax and ftse are significantly lower.
Probably on the back of this. I thought it was too early for this subprime thing to have finished. Mind you the US markets reaction tonight will obviously be key.

hmmm, this might be what was just dragging the Hang Seng down too???

Cheers,

 

[theasxgorilla]

The comforting thud thud thud of BB in his chopper nowhere to be heard...and so it continues...

 

[wayneL]

The comforting thud thud thud of BB in his chopper nowhere to be heard...and so it continues...

Thud thud thud replaced by

THUD!

 

[Kauri]

Quite a few choppers in the air overnight!!!!

LONDON (MarketWatch) - Some of the world's biggest central banks stepped in to assuage fears of a credit-market crunch Thursday, pumping billions of dollars into volatile markets in an effort to boost liquidity.
The European Central Bank loaned 49 firms a total of nearly 95 billion euros ($131 billion) -- the most it has ever provided -- after rising worries about spillover from difficulties in the U.S. subprime mortgage market left banks uneasy regarding lending to each other.
Across the Atlantic, the Federal Reserve carried out a $12 billion one-day repurchase agreement, on top of an earlier $12 billion 14-day repo.
Later Thursday, the Bank of Canada said it also provide liquidity "to support the stability of the Canadian financial system and the continued functioning of financial markets

 

[wayneL]

Quite a few choppers in the air overnight!!!!

LONDON (MarketWatch) - Some of the world's biggest central banks stepped in to assuage fears of a credit-market crunch Thursday, pumping billions of dollars into volatile markets in an effort to boost liquidity.
The European Central Bank loaned 49 firms a total of nearly 95 billion euros ($131 billion) -- the most it has ever provided -- after rising worries about spillover from difficulties in the U.S. subprime mortgage market left banks uneasy regarding lending to each other.
Across the Atlantic, the Federal Reserve carried out a $12 billion one-day repurchase agreement, on top of an earlier $12 billion 14-day repo.
Later Thursday, the Bank of Canada said it also provide liquidity "to support the stability of the Canadian financial system and the continued functioning of financial markets

Muppets!!!!!!

So what they're doing is what undermined the whole financial system in the first place.

Absolute muppets!!!!!!

 

[CanOz]

Muppets!!!!!!

So what they're doing is what undermined the whole financial system in the first place.

Absolute muppets!!!!!!

Is money safe in the bank anymore?

 

[Kauri]

Muppets!!!!!!

So what they're doing is what undermined the whole financial system in the first place.

Absolute muppets!!!!!!

Yep, I think it will have about as much success as a one armed paper-hanger....

 

[explod]

Is money safe in the bank anymore?

Nope, that is why gold will come to the fore later on. It will be noted overnight that the US dollar rallied somewhat. This is a flight into dollars as it has been the world currency for so long. However the US dollar is in a five year down trend and this will continue so this flight will stop when it is realised that this is a losing bet(if you like) also, and has done that pretty much for that period.

The aspect to think about is that gold moves counter to the US dollar index, it is where the money will flow when the full penny drops.

Big picture, the smart money will create rallies for their mates and themselves to get out. As you know a falling or rising market does it in stages. It is not the time to panic, stay cool and pick you exit over time(but I will being doing it fairly soon)

 

[noirua]

Individual companies with lots of cash will be fine in this "credit crunch" era that looks like hanging around for a while. Those that are a bit late into cash raising are in trouble now.

The Dow may well head back to the 12,500 peak that was achieved in 2006. If it does, the charts may indicate a long flat period as the US panics and lowers rates. The US Dollar, that others have noted, may see a sharp rise along with US fixed interest bonds

 

[Magdoran]

Thud thud thud replaced by

THUD!

You are too funny! This is a classic Wayne!

 

[TjamesX]

Muppets!!!!!!

So what they're doing is what undermined the whole financial system in the first place.

Absolute muppets!!!!!!

It seems to me they are trying to engineer an (attempted) orderly slowing of global credit expansion.....

What they take away with one hand (global stepping up of fed rates)....

They give back with the other.....

LONDON (MarketWatch) - Some of the world's biggest central banks stepped in to assuage fears of a credit-market crunch Thursday, pumping billions of dollars into volatile markets in an effort to boost liquidity.
The European Central Bank loaned 49 firms a total of nearly 95 billion euros ($131 billion) -- the most it has ever provided -- after rising worries about spillover from difficulties in the U.S. subprime mortgage market left banks uneasy regarding lending to each other.
Across the Atlantic, the Federal Reserve carried out a $12 billion one-day repurchase agreement, on top of an earlier $12 billion 14-day repo.
Later Thursday, the Bank of Canada said it also provide liquidity "to support the stability of the Canadian financial system and the continued functioning of financial markets

The private debt markets are trying to raise rates and contract credit as investors price back in risk..... while at the same time central banks are trying to make sure it happens in an orderly way

People pointing to M3 and money expansion going at double digit rates have to realise that the credit system NEEDS to do this just to support current asset prices going forward. The central banks know this.....

house prices could stay stagnant for the next 5 years and credit expansion would probably still be needed at double digit rates to support it.... why... because the people entering the market and buying HAVE NO CASH

TJ

 

[Pommiegranite]

I was wondering when this might be brought up:

Fed fund futures point to emergency Fed rate cut





By Steve Gelsi
Last Update: 7:56 AM ET Aug 10, 2007




NEW YORK (MarketWatch) -- Fed fund future prices suggest the U.S. Federal Reserve will be forced to do an emergency inter-meeting rate cut within the next week, Merrill Lynch analyst Joseph B. Shatz said in a note to clients late Thursday. Fed Funds futures appear to be pricing in a substantial risk that the Fed may make the move after a series of recent events, including a move by the European Central Bank to inject $130 billion into banks. On Friday, the European Central Bank injected 61 billion euros ($84 billion) in a tender auction.

 

[theasxgorilla]

Those invisible hands of the Plunge Protection Team are at it early...hoping to sort things out enough so they can take a long lunch down the pub:

 

[wayneL]

I hear the Fed's been spending up over the last few days.