Odd, no?
In other news, via the Fed H3 stats, bank reserves are now at negative 62 billion. A new record.
Also odd, no?
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Who’s next?
Apologies if this was posted already.
“Bear Stearns Chairman Cayne Sells His Entire Stake in the Firm
By Yalman Onaran
March 27 (Bloomberg) — Bear Stearns Cos. Chairman James “Jimmy” Cayne sold his shares in the firm prior to a shareholder vote on the company’s pending takeover by JPMorgan Chase & Co.
Cayne sold 5.6 million shares at $10.84 a piece on March 25 on the New York Stock Exchange, according to a regulatory filing today. Bear Stearns spokesman Russell Sherman had no comment on why or to whom Cayne sold his shares.”
Hat Tip – epicureandealmaker.blogspot.com
The Citi break up is the “rumor” (I hope) and the bank reserve is the “fact”.
Should I cover my short this morning????
Can’t wait to see “For the Love of Money: The Death of Seth Tobias” on CNBC, Monday March 31, 9pm.
Starring Robert Downey Jr as Seth Tobias. Dennis Kneale as Tiger & Jim Cramer as himself.
FXI looks like its done going down. If the US markets have any hopes of not going to zero, it will be BRIC that saves its sad Bartiromo ass.
Can’t wait to see “For the Love of Money: The Death of Seth Tobias” on CNBC, Monday March 31, 9pm.
Starring Robert Downey Jr as Seth Tobias.
Also starring: Dennis Kneale as Tiger & Jim Cramer as himself.
Does this rumor get any traction today? I have a HUGE short on citi and dont need the bullshit today.
They are going to have over a 40 “B”illion surprise coming very soon. This may be a way to inflate the stock a bit before droping that bomb.
Thoughts?
LEH upgrade
how can anyone say that LEH is ‘attractive’? they are uglier than ugly
leh must road to 10
or 0
Hey, Jake and the rest of you fascist liberal environmentalists… don’t forget to switch off your lights tomorrow night for Earth Hour.
Dig it.
-DT
What da fluck? How dale dey mess wit da plice of my lice??
Alias:BPOE
Doesn’t have a Life:
Your name made me LOL. You must be a true trader. You will find real people and trader friends on the FLY’s site.
I will be diverting my local utility’s central grid to power up a 20,000 bulb incandescent 100th Birthday Card for Ronald Reagan.
I hear that Mr. Limm is in the running for the Minister of Propaganda post in Tibet.
I will celebrate Earth Hour tomorrow by going to Home Depot and buy a five year supply of incandescent bulbs before the Gore fascists make it a felony.
Nicely played, Jake.
Nancy Reagan’s head is huge. Can we agree on that?
Meanwhile, TC, that lightbulb thing is ridiculous. Instead, they should give tax credits for having dimmers installed on regular lightbulbs.
I hate florescent light… they make my wall posters of Obama look gloomy, not warm.
-DT
How dey inclease dah plice of lice while hitting da plice of sirvah?
I tink today good day to pray dah plice of sirvah, since rying tladah fucktahds onry
“paint” dey tape and dey book today so dey can obscuah dey clappy qualtah!
If Nancy Reagan were a puppet, she would be “Guy Smiley.”
In a shocking development, those “compact flourescent bulbs” that last for twenty nine years and are being forced upon us by the envirofascists turn out to be very, very bad for the environment.
Enviroweenies can’t win. Apparently, if you break one of these suckers on the kitchen floor, you’re supposed to call the freaking Haz-Mat team to come in and clean it up, because of the mercury content.
Nice!
DT-Try using a blacklight ( Disclaimer: not intended to be racist) along with a spinning disco ball on the ceiling. It will do wonders for the Obama poster. It works for my Farah Fawcett poster.
Wow, anyone own any USNA?
Down a mere third this morning, and they’re not even a bank.
LEH being levitated on the last day of the month due to a curiously timed “upgrade” from — of all people — Shittybank.
Extremely odd, no?
Or, “no?”
I am soo proud of my boy! Soo smart 🙂 Too smart to choke on a Samwich.
KBH Puts on a Happy Face
Doug Kass
3/28/08 8:14 AM EDT
This is a classic line from KB Home’s (KBH) quarterly statement — it sure was! — this morning:
“The company’s cancellation rate improved to 53% in the first quarter of 2008 compared to 58% in the fourth quarter of 2007. The company’s cancellation rate was 34% in the first quarter of 2007.”
With over 50% of home contracts being canceled, KB Home sees a real improvement in cancellation rates?
Factual, but quite frankly, just plain stupid.
Position: Short KBH
Yeah, those compact bulbs are definitely not all that… also, I have a few up, they don’t seem to last as long as advertised.
I could go on a “truth in advertising” rant, but I’ll wait until I fire my blog up again…
TC, is that Farah poster glow in the dark velvet?
And Jakey, agree that the timing of that LEH upgrade is suspect. I don’t think it will stop it from falling today… How can anyone trade based on upgrades or downgrades anymore? There’s no integrity in that system…
God I love the ellipsis…
-DT
I am guilty of overusing ellipses and dashes.
Some of my posts end up looking like gawdamn Morse Code.
Have a rare 9:30 meeting (note, I did not schedule it, and plan to have the head of the person who did).
Try not to fuck up the open too much, eh boys?
Anyone looking at FXP?
Tons of window dressing today.
People are jumping ship at LEH.
http://www.reuters.com/article/marketsNews/idUSL2887431620080328?rpc=44
Cramer seems rather bearish this morning. Oh oh, or is it he is right this time 😛
Has anyone figured out why DT and Jake are talking about a rare lunar/solar event in the context of punctuation marks?
Has anyone been watching LNN all this time?
QuestionMarks-
Really?