I tell ya what uncle, I'll half agree with ya... gold in 4 figures by 2009.
But unc, I'm starting to worry about you.
You wouldn't be suffering from some sort of manic disorder eh!
I have my investment grade Dow short happening - a good nights sleep, wake up with some lunch money.
the price of Leeming shares implodes after South Korean bidding interest dissolved, raising the specter of potentially another Bear Sterns-type of bailout being rumored. Moreover, the government takeover of Fannie and Freddie this week is being seen more for what it is now that the initial euphoria has passed. What it is, is more US debt and no clear indication moronic lending practices which have created the current credit crisis will be reversed in the longer term.
Cheers
..........Kauri
S&P: Lehman on CreditWatch with Negative Implications
Standard & Poor's Ratings Services said today that it placed ... Lehman Brothers ... on CreditWatch with negative implications.
"The CreditWatch listing stems from heightened uncertainty about Lehman's ability to raise additional capital, based on the precipitous decline in its share price in recent days," said Standard & Poor's credit analyst Scott Sprinzen. "Although the ratings ultimately could be affirmed, we do not currently rule out the possibility of lowering the ratings by more than one notch."
Lehman to report expected results Wednesday 7:30 am ET
SAN FRANCISCO (MarketWatch) -- Lehman Brothers Holdings Inc. (LEH) said late Tuesday it will report its expected third-quarter results a week earlier than originally scheduled after shares of the firm fell about 45% in one day. Lehman said it will report at 7:30 am ET Wednesday and announce "key strategic initiatives."
Which one of these is going to go under first? looks like the market thinks it will be Leemings.
Maybe we should gets some odds happening here:
1. Lehmann @ evens
2. Washington Mutual 3/1
3. Wachovia 5/1
4. US Fed smoky @ 20/1. Odds if they re-elect the 'Warpublicans' 10/1.
Maybe we should gets some odds happening here:
1. Lehmann @ evens
2. Washington Mutual 3/1
3. Wachovia 5/1
4. US Fed smoky @ 20/1. Odds if they re-elect the 'Warpublicans' 10/1.
Maybe we should gets some odds happening here:
1. Lehmann @ evens
2. Washington Mutual 3/1
3. Wachovia 5/1
4. US Fed smoky @ 20/1. Odds if they re-elect the 'Warpublicans' 10/1.
Leman loss of -$3.9 billion or -$5.92 per share, mark to market losses of -$7.8 billion. Trying to sell a majority stake in investment management business. Also trying to spin off Commercial real estate assets into some dodgy SIV structure.
Morons still paying a dividend of $0.05.
http://www.jessescrossroadscafe.blogspot.com/Washington Mutual continues to get hammered as doubts about its solvency increase, and its core businesses decline almost as fast as its capital structure.
However, Lehman's announcement this morning was... a non-event at best, and a pathetic play for time at worst. The only real news was the potential sale of some British real estate to Black Rock for an undisclosed discount and the slashing of the dividend. Oh yeah, and Dick Fuld is still firmly in charge.
As we could not find any balance sheet associated with this release, we are still wondering what's really there behind the name and the facade. And even more so, what still lurks off balance sheet in uncharted waters.
The problem is not liquidity even at cheap levels. The problem is that the business model that supported these financial mutants has changed. They are standing their holding their buggy whips waiting for the horses to come back.
Time to adjust to the global economy guys and the new faces moving in. You no longer have the exclusive turf for Mulberry Street.
So, we still see Lehman as the leader in the dead-man-walking marathon, but Washington Mutual is not far behind, and possible pulling even. National City is within sight.
The finish line is a cliff.
Hi davo8. I'm looking to stock up on Xmas cheer. I've got one carton com'n when oil stays below 100 for more than a week. I'll wager ya another one this is the bottom.
I'll take that bet, only let's make it 10 cartons?
Gosh, dhukka... what do ya think I am... a regular p!ss pot!
It'll take me two or three years to drink 10 cartons.
But are you sure you're good for 10.
Can I have Kronenburg?August 5th XAO close 4882
September 11th XAO close 4871.5
So I'm thinking I'll take 5 cartons of Crown and a couple of VB and since I'm not much of a drinker I'll donate the other 3 to ASF, so put in your orders boys, Whiskers is buying!:alcohol:
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