Stocks

[clyde]

Originally Posted by stonegossard

Dew is still here? Doesn't he have some cute little blog on a horsey site? I miss him never admitting he is wrong. He is like a poor man's Dow Morris.

No!!..I am talking about Dough...I mean Dow.



I called him Dew as well..who did you think I meant?

[stonegossard]

Originally Posted by clyde

No!!..I am talking about Dough...I mean Dow.



I called him Dew as well..who did you think I meant?

Justin Doo.

[clyde]

Oh...I see where you would have BoothOperated..I mean messed up on that.



Mr. Don't.He's Just......In.

Don't ya know.

[dalakhani]

Originally Posted by stonegossard

Smart buy in the SPY puts. Friday's close was real bad. A lot of technical levels have been cracked at the end of the quarter. A lot of people thought that 1040 in the SP cash was big support. Smashed right through it. I think it comes down to what the bank stocks do, and they all seem to be ready to go into freefall. GS,BAC, and JPM are all breaking key support which could lead to disaster for the market. You also have Smooth Operator extremely bullish which should keep this sell off going strong. I think Morty is bearish as well which has to be good for the bears.

The thing about the bank stocks is that there is money to be made with the yield curve the way it is. You have rates at ridiculous levels right now and you still don't have to write down all of the commercial losses...yet. Its pretty hard for a bank NOT to make money right now at least the ones that are capitalized sufficiently and have their contingent liabilities under control.

I am with the bears and have been but I think that this is going to be a lot more drawn out with a few more pops along the way.

Originally Posted by clyde

At any rate, Warren and I are lookin' 10, 15 years down the road.

Translation:


They're dead.

!!OOOOOOOOOO!!

[clyde]

Originally Posted by Coach Pants

!!OOOOOOOOOO!!

!! http://www.youtube.com/watch?v=7qjo15n0mGU !!

[stonegossard]

Originally Posted by dalakhani

The thing about the bank stocks is that there is money to be made with the yield curve the way it is. You have rates at ridiculous levels right now and you still don't have to write down all of the commercial losses...yet. Its pretty hard for a bank NOT to make money right now at least the ones that are capitalized sufficiently and have their contingent liabilities under control.

I am with the bears and have been but I think that this is going to be a lot more drawn out with a few more pops along the way.

I wonder when the banks will have to face the music and face up to the commercial real estate losses. They have to be huge. The gov't will probably let them hold off until 2080 to deal with that disaster. If they do it now some of these bank stocks will be trading at 50% of the value they are at now.

You are right about the banks and making money though. They can borrow billions for free and buy treasuries (instead of lending to businesses to help the economy) and make a few percent risk free/doing nothing.

[clyde]

What!?

I have 10 large in margin calls?



Well sell something then..the other stuff.

To who? What's BoothOperator buying? ABC Co. and Widget Corp? Good---seell him 10 large worth of those.




Gosh, this is really so easy.

[Smooth Operator]

You can keep those two losers, Shorty.

Could use ten large worth of Pfizer or P & G, tho…

[clyde]

Oh take it easy.




What if I throw in a free smut creation?

[Smooth Operator]

Not a bad little week on The Street


Hope Morty and Pants made some good trades

[clyde]

God.





Hi,Boothy.....invest safely in this mess. Investing in CD's is a very good thing.

I bought some Hall & Oates tickets and sold them on Ebay for a nice profit.

[clyde]

I have recently come back from the Goof..I mean Gulf.





Up here now...am selling tuna in oil and making gobs of moan-ay!!

[Smooth Operator]

Hope you're keeping those CD durations short, Morty

Rates are brutal right now…

[clyde]

Boothy...you kumquat.


CD's!!...long term....=;>

[Smooth Operator]

A young stud like you should be taking more risks with your money.

[clyde]

Oh boy.




Anyways...you are not following along at home very well!!

CEE-DEE's!!..not cd's.

I do invest in them long term.





And you can't.

[Smooth Operator]

Dee Tee Cee Dee's? lol


Seriously, Mort, you should be heavily in emerging markets.

[clyde]

COZY DOORYARDERS!!!!







What is the matter with you!!??