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Genesis Posts: 71434 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/751-Ba....
---------- "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
2009-01-28 08:03:36
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Gmak Posts: 10176 Incept: 2007-07-27 
Re-inventing the future at the speed of time.
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I'm amending my strategy. Looks like chasing this pop may pay off.
2009-01-28 08:11:54
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Sideler Posts: 805 Incept: 2007-11-10
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This is really important info. Karl - Again you are way ahead of "What does this mean?" As always, I appreciate the sharing of your knowledge. The government has "hope" this will work. You have repeatedly pointed out "HOPE IS NOT A STRATEGY." God help us.
2009-01-28 08:16:55
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Phirang Posts: 8824 Incept: 2008-10-25 
bar khoba's revenge
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This explains the ramp job in bank equities: to reduce the pain of dilution, get the S/P as high as possible.
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-01-28 08:18:11
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Lilvern1 Posts: 3180 Incept: 2007-09-28
Bender! You're blind, stinking, sober!
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"The Fed cannot 'cap' interest rates for any length of time without immolating itself" Agree, but the key is "for any length of time". Language from the Fed has made it clear they intend to attempt to cap rates on the long end of the curve by buying treasuries directly from the Treasury. How long will this work for? How long is the "for any length of time". Is it a matter of a few months, or a few years? ---------- "What part of 'we bailed you out' do you not get?" - Elizabeth Warren, Jan. 23, 2010
2009-01-28 08:36:50
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Pika-steph Posts: 39200 Incept: 2007-09-11
^Why I keep^ fighting; so he is not fighting for nothing.
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Santelli is steamed about this. He was just ranting about how this is the worst possible deal for taxpayers as well as saying that this was the same way the derivatives were created in the first place - mark to some fictional model. He insulted the people buying equities into this too.  Maybe they'll have a clip up later - it was great. ---------- 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."
2009-01-28 08:39:21
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Gmak Posts: 10176 Incept: 2007-07-27
Re-inventing the future at the speed of time.
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Poor Rick. He still hopes for the best and winds up so disappointed and feeling betrayed. Kind of like the rest of us.
2009-01-28 08:40:59
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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What I find interesting is that insiders at WFC and C sat out the 1/21 pump, but those at JPM and BAC did not. I am not convinced YET that this is positive for JPM and BAC... ---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-01-28 08:41:01
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Genesis Posts: 71434 Incept: 2007-06-26
KD^2
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Yep Steph - saw it. Santelli is in rare form, but heh, this is a great trading opportunity - the idiots HAVE AND WILL bid things up, so enjoy it and take their money! ---------- "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
2009-01-28 08:42:12
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Guydaley Posts: 10915 Incept: 2007-07-10
Missouri & Wyoming
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One of the sticksaves that has to occur for those "retraces" is that California has to be "saved". Which is pretty likely. If by some slim chance CA isn't saved by those deadlines the controller keeps harping about, there won't be much retracing done. California HAS to be able to kick the can a bit more. If they don't, things will come unhinged. ---------- 2/17/09 = Hogzilla bill was signed = THE POINT OF NO RETURN = Cheers to the Reset, LONG LIVE THE UNDERGROUND ECONOMY! STARVE the BEAST! Adopt a J6P.
2009-01-28 08:46:32
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Spearfoot Posts: 364 Incept: 2008-10-08
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Another great Ticker, Karl - thanks! I fear for our country, but I just love the idea of getting short at 1100+
2009-01-28 08:48:29
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Krzelune Posts: 2079 Incept: 2007-10-08
DFW
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I think short term the dollar will weaken and oil will go higher. Am I wrong?
2009-01-28 08:52:11
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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So far, yes.
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-01-28 08:53:19
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Baldy Posts: 6555 Incept: 2008-05-16
Pittsburgh
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So at least the 3rd approach (TARP, cap injections) to solving the banking problem, and they still will do it wrong.
---------- FY2011 Budget - Hist'l Tables (PDF 2.0 MB) http://www.whitehouse.gov/omb/budget/fy2011/assets/hist.pdf 1996-2011 budgets: http://www.gpoaccess.gov/usbudget/browse.html
2009-01-28 09:06:22
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Alanha Posts: 2087 Incept: 2008-12-30
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"the losses will be known and the economy will trough and be able to recover."
2009-01-28 09:08:03
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Tomified Posts: 584 Incept: 2008-03-13
MO
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Little response from the bond market. Do they wait?
2009-01-28 09:10:45
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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The smart money is on the sidelines/not impressed. Commodities are also bored.
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-01-28 09:11:48
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Blindskov Posts: 1453 Incept: 2007-08-22
Seattle
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OMG. History does repeat itself. This = 1929 officially. I do not know the political history of 1929 to a tee. My guess is in early 1930 they made a similar type announcement. Irrational Exhuberance. Everyone gets the impression that everything is going to be OK and that the current political office just fixed the problem. Well folks, its not. Looking back on 1930, the rational appears to return in April, the 15th to be exact. That lines up quite nicely with a Q1 earnings seasons. Oddly I felt the graphs had to produce a catalyst to make this move possible or we probably would have traded flat for a long time. Look at this as another opportunity. These pigs are going to get very fat.
2009-01-28 09:27:14
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Boon Posts: 192 Incept: 2009-01-25
...and what we do, see, is we push on this string
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Gen wrote: "that is, have the FDIC run the "bad bank." While this has its problems the good news is that it would place control with the people who can come in and SEIZE said banks down the road if in fact the "good side" isn't really so good..." How do the "good" banks turn bad if they've been able to dump the toxics off onto the taxpayer? Why would the FDIC need to save any of them?
2009-01-28 09:28:27
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Stemmit Posts: 2035 Incept: 2007-09-07
NYS
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Gen Thanks again for a great ticker. I am totally On board with you here, playing small though.
---------- The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he who in the name of charity and goodwill shepherds the weak through the valley of darkness, for he is truly his brother's keeper and the finder of lost children. And I will execute great v Last modified:
2009-01-28 09:45:00 by stemmit
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Gmak Posts: 10176 Incept: 2007-07-27
Re-inventing the future at the speed of time.
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Just remember that there are many DMA's between us and even 870ish. There will be resistance that has to be worn down and that will take time at each level. Look at the tough time we are having getting above 863. The good news is that there are likely to be all these buying stops above each main DMA. They will provide a boost up to the next one. (I hope).
2009-01-28 09:47:43
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Obseedian Posts: 8254 Incept: 2007-07-26
RIMM Central
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Maximum Looting Opportunity. That's why they chose this form for the bailout. Though it is questionable how much there will be left for looting. ---------- Would you give your money to these banks? http://bankimplode.com/list/troubledbank.... Genitalia - Not just another Italian airline!
2009-01-28 10:23:02
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Margincalltime Posts: 830 Incept: 2008-04-01
NJ
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Beyond the modeling problems, the simple reason this plan won't work is how do you delineate which loans are good and which are bad? A substantial portion of today's "good" loans are likely to be tomorrow's "bad" loans.
2009-01-28 10:36:47
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Obseedian Posts: 8254 Incept: 2007-07-26
RIMM Central
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Also I don't think there is going to be a huge impact on Treasury yields because the banks will use the money they get from the govt to buy Treasuries, effectively making this transaction into a swap. There is nobody else left to lend to. This will allow the banks to hunker down, wait for asset prices to totally implode and buy them for a song. That's what I would do in their place. ---------- Would you give your money to these banks? http://bankimplode.com/list/troubledbank.... Genitalia - Not just another Italian airline!
2009-01-28 10:45:20
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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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And I believe that's EXACTLY the plan there Obs.....Same as it ever was...
---------- Cause GS got all the beef.....Mliu
2009-01-28 10:49:18
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