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Genesis Posts: 71426 Incept: 2007-06-26 
KD^2 
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http://market-ticker.denninger.net/2008/....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-04-15 23:20:25
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Etrade_refugee Posts: 4965 Incept: 2007-11-14 
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Bravo.
2008-04-15 23:35:52
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Koolaid Posts: 3171 Incept: 2007-07-23
Atlanta
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Small correction...it was CSX that beat this morning. If CTX beats handily then I will start questioning my sanity.
2008-04-15 23:53:17
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Ijust8chris Posts: 465 Incept: 2007-08-01
Online
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That should impact alot of readers. Great write Karl. I've attached the ticker to all my email signatures. My borrowers which are all normal 'Joes' are starting to catch on... They're scared to death... finally...
2008-04-15 23:53:33
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Downrange Posts: 4672 Incept: 2007-09-26
... best clear on out the back
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Super ticker! The Asian Times article was like reading here the past nine months or so...
---------- "Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works" John Mills
2008-04-15 23:56:54
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Jooon_yer Posts: 839 Incept: 2007-06-26 
baba booey
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nice .. I submitted it to Digg, since no one else had yet.
2008-04-16 00:01:34
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Pika-steph Posts: 39197 Incept: 2007-09-11
^Why I keep^ fighting; so he is not fighting for nothing.
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I tried to Digg it, but it keeps referencing a previous Ticker (All Our Monetary Base...). Digg drives me nuts. ---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org  "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."
2008-04-16 01:15:48
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Bw8472 Posts: 6446 Incept: 2007-06-28
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This market hasn't got long to live. I wouldn't be surprised to see a 2nd Hindy tomorrow. That one will probably foreshadow the single biggest drop in world history on the markets. This one is going to rewrite the record books, not a little, it's going to be the standard by which all other financial disasters are judged, probably for a good 100 years as it's going to be completely and utterly documented, dissected and recorded so that I highly doubt anything like this will ever get this much steam again, it'll be too obvious. World interconnectedness is good and bad, I think after this the term financial firewall is going to become a common term. Protect yourselves and be safe. ---------- At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide. ~Abraham Lincoln
2008-04-16 02:39:59
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Tomcat Posts: 149 Incept: 2007-10-05
Eastern Europe
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Quote:"There is nothing fundamentally broken on Wall Street that a little regulation and incentives for participants to be slightly more honest couldn't fix" How about "slighly less pregnant" ???
2008-04-16 02:59:19
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Judgesmales Posts: 1962 Incept: 2008-02-05
Las Vegas
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Fantastic ticker. KD, I can feel your frustration in every keystroke. Not a bullish sign to be found, but yet the market climbs. Keep the faith, though. Just today alone, I've read about 15 articles that have enforced my belief that no matter what is tried, there is no .gov action or obfuscation that can prop thing up for much longer. We probably won't like what we see on the other side of the reset, but at least we'll be witnesses to history. ---------- "The tradition of Festivus begins with the Airing of Grievances. I got a lot of problems with you people! And now, you're gonna hear about it." -- Frank Constanza "What we obtain too cheap, we esteem too lightly; tis dearness only that gives everything its value." -- Thomas Paine
2008-04-16 05:18:40
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Cash-out Posts: 2343 Incept: 2007-10-23
Live Free or Die - NH
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The new paradigm we could face, (just a theory): Mark to Market, Fair value accounting and the ability to change the definition of these 'bedrock principles' via Accounting Conferences peopled by the biggest offenders, - will solve the problem, don't you see? (sardonic grin). So instead of thinking my $450,000 house (ever was) is only worth $350k, and spending less 'cause I feel poorer - a newly defined value (applying the improved and upcoming "Fair value method Mortgage Product" ) will be - to adjust my next years mortgage payment based on the average value of my home during the previous year.?.?. Therefor, no loan modification is really called for 'cause the mark it to market model is so 2006. Now the banks, while they wait for the CDS sandwiches to turn to tastier, cow pie jerky, -so too can my 'home value' be "softly assessed" periodically (read: when advantageous to market/lienholder) and a new algorithym, applied to satisfy me until the price improves (wherein the rates compensate the bankers for their patience, no doubt). So, say the 2000 s.f. box is sold to me for $450k in 2004, and I get a 5.5% rate (retroactively now becomes adjustable, along with the soft market appraised value, by the bank perhaps) - Now, in 2007.5 - 2009.5 my ave. value yearly is/was $350k - I am given that amount's value from which to calculate payments and a lower rate to boot (gotta keep those flows to the tranches), for a year or maybe two - look ma now need for my bank to take a haircut, no market pricing if I stay.. Trouble is, in trying to keep j6p lurching on his own hook, the cash flows and tranch placement for him would keep shifting, but he might keep paying and fewer .gov handouts??? Anyone think this 'Mortgage Product' viable??? Does this sound fair or just the type of sh*t that the .gov/Fed/Ib's would love to do to not have to mark their own sh*t sandwiches????? FHA even Fanny or Freddie could offer this, no? Wouldn't the holders of the Cert's prefer this (lesesr $$ and lower rates) to a big ol' haircut? ---------- More prepared than ready.
2008-04-16 09:12:44
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Mondocondo Posts: 3143 Incept: 2007-12-03
Miami
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Bullseye, Karl! Exactly what I was thinking this morning as we see the new ramp job in the markets. So what are you doing with your money? I'm out of ideas. As we sit here and wait for Armageddon by going short, we lose our shirts in the meantime. But of course, none of us wants to be long, because the day of reckoning will come without warning. So do we sit this out in cash and treasuries, and miss profiting on the inevitable plunge? Or suck it up, stay short, get ****ed until Armageddon hits, and then get our just rewards in the aftermath?
2008-04-16 10:39:27
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Supercleanfund Posts: 1204 Incept: 2007-11-12
The Island City, CA
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I feel better with some ultrashorts on... so I won't miss a sudden crash.
---------- - * - * - * - * - * - Never underestimate the power of wishful thinking.
2008-04-16 10:41:22
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Bear Posts: 6649 Incept: 2007-07-10
SoCal, and my avatar is so ****ing small you cant see it
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Hold the line Mondo.....youve come this far, grab yer balls and HOLD ON ! These are the death spasms of the host....Resets dont ask for permission to occur, historically they've occured when NOBODY is expecting it to happen....Were not there yet IMO...but we are getting closer. Down Periscope, running silent, running deep.......still. ---------- Cause GS got all the beef.....Mliu
2008-04-16 10:43:46
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Genesis Posts: 71426 Incept: 2007-06-26
KD^2
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You do what you want folks, and what you believe. I know what's coming because the same thing happened to people who believed in it in 99 and 2000. The cause is the same - pernicious fraud and a lack of cops. It doesn't matter. Just don't come looking for help when the **** hits the fan, because I'm not going to be helping anyone but myself and my daughter. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-04-16 10:51:36
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Exorcism Posts: 301 Incept: 2007-11-30
Denver Area
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Pika, Make sure you are on the actual link to that article on the blog and not on the generic url. Your url should be: http://market-ticker.denninger.net/2008/.... not: http://market-ticker.denninger.net/ Then you should be able to digg. ---------- The fact that we live at the bottom of a deep gravity well, on the surface of a gas covered planet going around a nuclear fireball 90 million miles away and think this to be normal is obviously some indication of how skewed our perspective tends to be. -Douglas Adams
2008-04-16 11:00:43
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Jubber Posts: 4242 Incept: 2007-07-05
UK
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This is ****ing insane
---------- "War is God's way of teaching Americans geography." Ambrose Bierce "The Emperor realized that the people were right but could not admit to that. He though it better to continue the procession under the illusion that anyone who couldn't see his clothes was either stupid or incompetent." Hans Christia
2008-04-16 11:04:53
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Marginnayan Posts: 10460 Incept: 2007-06-27
Dallas Forth Worth Metro, Texas
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Even if your fundas might be right and you are a bear, you got to protect yourself from the market going against you. What's the use being a bear when you lose money on the market, even if it is delusional or appears delusional ? I see 1 or 2 bears today almost capitulating. ---------- "The whole purpose of this ****ing US Fed is to make Banksters richer and Midle Class Americans poorer with each passing day. No More. Abolish the US Fed right here, right now. - Me Last modified:
2008-04-16 11:09:06 by marginnayan
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R0h1tp Posts: 813 Incept: 2008-02-20
Austin, Texas Online
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This pop is not going to last long. I am 100% short and completely confident about the fundamentals -- households are bk, banks are bk, local governments are going bk -- NO WAY this ends well. I am not on margin and don't care if this moves against me for a little while. I more than doubled my portfolio last year and if the market gets insanely high again, I will short more and even get on margin to do so. ---------- If you’re looking for the bottom of the market there’s a special offer − buy one, you get the next one free.
2008-04-16 11:58:26
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Sondergaard Posts: 512 Incept: 2007-07-13
Big Trees
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Great Ticker as always Gen. A Banana Republic indeed. I was taught that the Executive branch was responsible for enforcing the law, not the Judiciary, the Constitutional phrase being "he [the President] shall take care that the laws be faithfully executed." Now this Executive has shown what appears to be contempt for the Constitution and the law since early on, so no surprise that enforcement is a low priority for them. And I don't want even to think about Congress. But has the Judiciary also failed us? I haven't heard that it's part of the organized crime ring as well, at least not yet. ---------- And it won't make one bit of difference if I answer right or wrong; when you're rich, they think you really know. --Fiddler on the Roof
2008-04-16 12:02:54
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Genesis Posts: 71426 Incept: 2007-06-26
KD^2
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Yes, Judiciary has also failed us. And by the way, the first person who says "Bush did it" garners themselves an instant and permanent ban. Bush did nothing of the kind; this horse**** has been going on since the Clinton Administration through both Democrat and Republican control of both Congress AND the White House with absolutely no difference in the level of delusion or fraud. In fact you failed you, not some politician. There is no free lunch but everyone here still thinks there is. Without a groundswell of screaming aimed at Congress right now what is coming cannot be stopped. There will be one more ticker on this posted tonight for tomorrow. Beyond that, its up to everyone who is currently drinking beer instead of solving it. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me Last modified:
2008-04-16 12:41:10 by genesis
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Lilvern1 Posts: 3180 Incept: 2007-09-28
Bender! You're blind, stinking, sober! Online
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I've never left a reply to a Ticker before, but damn, that one was good!
---------- "What part of 'we bailed you out' do you not get?" - Elizabeth Warren, Jan. 23, 2010
2008-04-16 12:36:52
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Petersmom Posts: 474 Incept: 2007-08-24
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I know KD and others don't rely on the predictive powers of technical analysis, but isn't it possible that this rally is a Wave 2 up correcting the entire drop from the October highs? Given the time duration of Wave 1 down, the corrective move up seems like it would still need a way to go, even though it's already hit the minimum retracement. The Prechter Elliot Wave guys have said in order to "look" right, the move up should last until at least the end of April. And of course once Wave 2 tops Wave 3 down begins.. and 3 of 3 is where you'll see your outright crash. That said, they've been known to be wrong! (See all of 2003.)
2008-04-16 12:48:47
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Genesis Posts: 71426 Incept: 2007-06-26
KD^2
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Attempting to use Elliott as a predictive tool on a standalone basis, when it works, makes you look great. And when it fails (see 2003) you wind up broke. Don't. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-04-16 12:53:27
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Fidgit Posts: 14065 Incept: 2008-02-18
AllyBammy
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Quote:I've never left a reply to a Ticker before, but damn, that one was good! Yep - is "excellentest" a word? Well, I guess it is now ;) ---------- I say it's spinach, and I say the hell with it.
2008-04-16 13:14:50
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