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Wouldn’t youse rathah walk wit a cop?
Remember to wear your Uggs.
11:46 MBI MBIA Inc: Additional details from ongoing conference call — co discusses ratings agency standards (14.25 +0.29) -Update-
Co notes that S&P has confirmed that the co’s capital plans more than meets their AAA standards. Co expects their capital plan will meet or exceed Moody’s AAA standards.Notes that Fitch affirmed their AAA rating with a stable outlook two weeks ago upon the successful completion of their notes offering… Co remains uncertain about housing market but they plan to capitalize their position until there is no question remaining… Says it is possible that downgrades would cause them to need more capital, but they believe it is manageable given the co’s current strong position.
Richard, thanks for the update. As lying Hank warned us yesterday, the PPT is meeting today. They have been bidding the futures all day – there is no other explanation for today. MBIA , S and P, are liars. They will continue lying as long as there is anyone left who believes them. They call Bill Ackman a liear, but he rode them down from 80 to 20, so who is the liar?
The banks are insolvent, save for the Taffy injections and all lending would have ceased. See Mike Shedlocks blog for the graph. The monolines are insolvent, and lying. The shareprices are supported through the Treasuries accounts at Goldman and Morgan. I used to laugh at my friends when they talked their vodoo talk about fascists taking over… they have. Gushy squishy fascists, not like the Germans. Although the ones being tortured by them might not think so much.
how can MBI’s CEO say their present plan meets AAA criteria while Dinallo says the 2-3 companies in this mess need a new, combined $15B bailout? I don’t mind dealing with trading around news, but I really detest having to trade around lies.
Anybody playing GOOG earnings?
Finally got rid of my BWLD Up $3 plus today? Thank you!
Exclusive footage of “the walk!”
-DT
Fuck you guys. I need to find new Internet friends anyways. I’ll go back to WOW if I can find a guild.
Ben has shown me his balls, and this fucker doesn’t care about the Washington or the price of jugs (milk, you sick fuckers). As long as the housing market tanks, he’s going to slash and slash.
Long banks (esp ETFC), Gold, Oil, Fert.
Short home builders and retail.
strange volume surge in BOOM, with no real price move. its been happening a lot over the last few days.
quiet around here. anyone there?
*cricket*
That’s the sound of a den full of bears when the bulls are running.
Shit, we haven’t even hit yesterdays highs. I would short more here but I need to save some cash in case we rally to 13,000 DOW.
Steve’s back.
(That’s a top ticker)
What’s that Jake? Hard to hear you from up here at the top of the staircase.
I’m not long or short, here. I’m buying the retest. Feels good sitting in cash.
I’m going long GOOG into earns. just 100 shares at 559.99
im going to buy goog puts…
cpm is wayyyyy down this year.
cpc is getting hurt too
(i know this space reallllllly well)
Good luck on GOOG. Not gonna touch that one. I did pick up some STV for the earnings run.
Can’t believe you fuckers doubted me.
All Hail Helicopter Ben.
Bears run to the hills!
Full disclosure, I am long both UWM and ROM from yesterday; however, in watching the Russell futures, I see this march up to yesterday highs on decending volume. Careful longs. We may tap yes highs and roll over.
Cramer…. predicts… housing… shortage…. this… year….can’t… type… sticking pencil… into… my eardrums…
GOOG is a buy here. It has reversed a double bottom breakdown. Very bullish.
Boomer,
Nice vid. Brings me back – not to Maiden but earlier to UFO. Pulled up some early vids of UFO and Schenker – wow, what a trip down memory lane. Thanks for the reason to day dream.
What it feels like to be a bear:
Maybe he meant “affordable” or “rentable” space once the HHOD kicks in and forces peeps to leave their humble abodes with little or no (read negative) equity.
This is the best recession EVER.
Crazy rednecks! No helmet and possible crash into pole if takeoff isn’t straight. Was that Ragin or Woody’s family?
That was the family reunion. Ragin’ and Woody are “kissing cousins”. That’s why DT always mentions that Ragin’ is gay. Woody is married so his gayness went away years ago. Make sense?
This recession is better than a barrel of monkeys on crack.
Alpha,
Totally agree, the 240 min chart is a huge buy as well. Just went long.
BWLD is looking very good today. The fat fuckers are back!