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Genesis Posts: 66463 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.denninger.net/2008/....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-01-24 18:25:53
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Bear Posts: 6466 Incept: 2007-07-10 
SoCal, and my avatar is so ****ing small you cant see it
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Most excellent KD...Good catch on the TNX
---------- Cause GS got all the beef.....Mliu 2008-01-24 19:12:25
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Akula Posts: 1796 Incept: 2007-10-01 
Moscow
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Great Ticker Gen. If the FOMC meeting is the target for the end of this corrective wave what do you think about the effect of the 4th quarter GDP number that will be released on January 30th the day before the FOMC meeting? If the number is terrible will the market hit the skids on the 30th or will a bad print give support to the market's expectation of a big cut on the 31st only to be disapointed? Just trying to work out the corrective wave patterns between now and termination on the 31st. We gotta have a down wave and then an up wave into the FOMC right? Thanks. 2008-01-24 19:16:25
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Tonyh Posts: 1169 Incept: 2007-12-01
Spring, TX
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OFTHEO not happy either... For Immediate Release January 24, 2008 STATEMENT OF OFHEO DIRECTOR JAMES B. LOCKHART ON CONFORMING LOAN LIMIT INCREASE We are very disappointed in the proposal to increase the conforming loan limit as we believe it is a mistake to do so in the absence of comprehensive GSE regulatory reform. To restore confidence in the markets we must ensure that the GSEs’ regulator has all the necessary safety and soundness tools. Yesterday Chairman Dodd talked about moving a GSE reform bill early this year. We are ready to work with him and the Senate Banking Committee. We will also be working with Fannie Mae and Freddie Mac to ensure that any increase in the conforming loan limit moves through their rigorous new product approval process quickly and has appropriate risk management policies and capital in place. ### ---------- The following statement is true. The preceding statement was false. 2008-01-24 19:23:48
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Drhooves Posts: 145 Incept: 2008-01-09
Central IL
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Wow - the panic by the Feds seems to be making things worse - as predicted by KD. Time for a fresh round of faxes to the govvies? The President's quote of "mark down to market" would indicate he has a remote clue what needs to be done. Surely Wall Street can't be pulling ALL the strings here.... ---------- "Hyperinflation? Show me the math!" -- Gen 2008-01-24 19:48:35
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Mtgspy Posts: 5860 Incept: 2007-10-27
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Excellent writeup. I would probably add that since Bernanke probably never traded a single stock in his life nor ever will, he probably shouldn't have tried doing what KD is doing for a living - which is reading stock market. This is especially relevant since he's actually in charge in doing something else entirely. ---------- You kill them all! - Genesis 2008-01-24 20:06:19
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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http://www.denninger.net/letters/banking.... Should I? New petition? ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-01-24 20:15:19
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Donja Posts: 119 Incept: 2007-08-10
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Note that the Fed stop out rate was considerably below 3.50. With little demand, Fed has to reduce the rate to get the primary banks to borrow. Significance here, especially for the T. market? http://www.newyorkfed.org/markets/omo/dm.... 2008-01-24 20:21:48
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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Yep. The **** is hitting the fan - big. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-01-24 20:33:00
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Drhooves Posts: 145 Incept: 2008-01-09
Central IL
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Petition looks awesome. What's the next step? I'd like to get that sent off to my reps here in IL. The last week you can just see the FEAR on the faces of all of the government weenies..... ---------- "Hyperinflation? Show me the math!" -- Gen 2008-01-24 20:34:06
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Snarkus Posts: 83 Incept: 2007-08-13
Denver
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Thanks KD. I was at work and away from my computer all day, but when I pulled up quotes.ino.com at 6pm EST, I knew something had blown up, but couldn't piece it together from the news sites. If you hadn't explained it in your technical I don't think I would have figured it out. IMHO this was also your funniest ticker. I laughed out loud at your fed speak and gold commentary. 2008-01-24 20:42:37
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Inthemoney Posts: 396 Incept: 2007-11-10 away from my bus
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Big day for me. Things are happening fast. And the politicians are making it worse.
---------- "I don't know if it would have been zero, two, or maybe four dollars." -- Ben Bernanke on BSC shareholder value in BK. 2008-01-24 21:04:00
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Bear Posts: 6466 Incept: 2007-07-10
SoCal, and my avatar is so ****ing small you cant see it
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Im giddy with anticipation...watching these mother****ers SLITHER is the best part...there will be plenty of HELL to pay.....the bastards will have RUINED the economy of the world... So a buddy of mine asked me the other day"So if all of this **** you say is true, then where is the Calvary ?".....I said:...."There IS NO CALVARY...you've been sold a bill of **** !"....I thought he was gonna throw up ---------- Cause GS got all the beef.....Mliu 2008-01-24 21:21:03
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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The petition is up RIGHT NOW. http://financialpetition.org ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-01-24 22:03:14
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Daizepitt Posts: 1829 Incept: 2007-10-07
Orange County, CA
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I was told by someone today that they are leaving the keys for the bank. Same person who 11 months ago told me you can never go wrong by investing in RE. Made my day
2008-01-24 22:11:44
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Bw8472 Posts: 6446 Incept: 2007-06-28
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I signed it ****in A! Because before ****head acted I was rolling in mortgage applications, now back to the grind. I think low rates would have mitigated this damn disaster but ramping mortgage rates into this is financial ****ing insanity! Good petition KD! ---------- 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 2008-01-24 22:11:50
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Darknight Posts: 3293 Incept: 2007-08-10
The Wicked Forrest
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Gen, Confirm e-mail never made it to my yahoo mail account. Used an alternate. Damn politicians should stop tying to look like they're saving us while bending us over for a reaming. ---------- The price of apathy towards public affairs is to be ruled by evil men. - Plato 2008-01-24 23:02:33
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Gitm Posts: 181 Incept: 2007-06-26
Colorado
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When I bring up the slosh report I'm getting completely different numbers than what KD showed on the video. I go to: http://www.gmtfo.com/RepoReader/OMOps.as.... I see Net Add for today is only 3.25, yesterday -6.5, Tuesday 10. Very odd. And I could have sworn someone said on Tuesday they saw net add of 10, and the video is showing 21.58 Is anyone else seeing this? 2008-01-24 23:05:59
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Darknight Posts: 3293 Incept: 2007-08-10
The Wicked Forrest
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Hit the Include TIOs checkbox.
---------- The price of apathy towards public affairs is to be ruled by evil men. - Plato 2008-01-24 23:07:13
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Thesev Posts: 375 Incept: 2007-10-30
Louisiana
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Quote:Home prices will [BOLD]contact[/BOLD] one way or another, but if Just one typo, I'm presuming that should be "Contract"? 2008-01-24 23:17:19
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Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
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Yes. Will fix that :) ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2008-01-24 23:30:49
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Gitm Posts: 181 Incept: 2007-06-26
Colorado
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Ahh. That looks better. Thanks.
2008-01-24 23:33:26
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Stockfarmer Posts: 383 Incept: 2007-08-10
Fly over country
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So soon the politians will have to watch the live ticker of both stock market and the treasury rates as they talk. It is discouraging watching the dip****s screw things up worse while trying to fix it. Surely someone is giving them good advice?
---------- "Republics are created by the virtue, public spirit, and intelligence of the citizens. They fall, when the wise are banished from the public councils, because they dare to be honest, and the profligate are rewarded, because they flatter the people, in order to betray them." - Justice Joseph Story (1779-1845) US Sup 2008-01-25 00:45:02
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Bluntfacts Posts: 693 Incept: 2007-10-09 Las Vegas, Nevada
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Pretty good Ticker for 1/24/08. My take on the FED was that the collateral markdowns overseas 1/21 and 1/22 would have created more than a few defaults of covenents. So the FED capitulated, rather than just end this torture. Meanwhile, Cramer on thestreet.com says in one of the videos (Tuesday?) that he studied the books of Citigroup over the weekend and that C was bankrupt (seriously, I think he used that word). On the other hand, look at this recent Treasury auction from 1/22/08. 28-DAY 01-24-2008 02-21-2008 1.750 1.782 99.863889 912795C82 1.75% discount? WTF is that? ---------- "Will someone come on TV and tell the truth about how bad it is". Jim Cramer August 2007. "We can change the focus to a soft blur; or sharpen it to crystal clarity" The Outer Limits 1964. Last modified:
2008-01-25 02:54:26 by bluntfacts
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Pangloss Posts: 42 Incept: 2007-08-05
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Re petition copy-editing -- I'm no English major but had trouble reading the last sentence in the second to last paragraph. Maybe the word "but" is missing? "This not only cannot be stopped [but] any attempt to do so . . . " 2008-01-25 05:43:47
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