“A very nasty period is soon to be upon us – be prepared,†said Bob Janjuah, the bank’s credit strategist.
Have a goodnight, fuckface. See you in the morning.
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Joined Nov 10, 2007
23,433 Blog Posts
Uh-huh. Maybe people are finally starting to get it now.
Tequila and bumps for everyone!
Odom pokes jesus in the eye.
the DOW loves 12,000.
Yep, da Hindenbergen Omen is being bandied about. At the very least, there will be some panic. Batten down ze hatches.
But the crash of the new millenium will have to wait, as China decides to throw a party, Garth.
http://image.minyanville.com/assets/FCK_Aug2007/File/Christy2/wa4.jpg
worth reading the entire article….
from
http://www.nakedcapitalism.com/2008/06/how-dangerous-are-otc-markets.html
The bottom line is that the (banking) system is broken and can’t be fixed. The reason the banks keep coming up with opaque products is that they’re trying to de-commoditize a business that is mature and adds little or no value to the economy. In fact, over time and on net, the banking system destroys value. I wonder what song and dance the geniuses at Treasury are going to come up with next to justify buying worthless CDOs in the name of “reliquefying the market.” I’m fascinated by the application of Gresham’s Law to this situation; that bad collateral is manifestly driving out the good. I even read that banks are making bad loans in order to create some bad collateral, because the Fed will buy it.
FLY
I told you FITB would cut their dividend this week.
C’mon, how about a little credit here
Alias:BPOE
The panic selling is comming in the next three months.
RBS. Really Bad Shit. All I know on this last bounce. No program buying. The purpose of the market is to make an asshole out of everybody. The present market will do this at its best.
OK, I have read “Alias:BPOE” in the comments section numerous times, and i have finally had enough …
What the hell does that mean, and why does larry keep writing that? For useful benefit is it displayed?
How do you short the world? John Paulson (no kin to Hank) says that writedowns may hit $1.3 trillion. He sounds a little bearish to me.
i really wish larry would stop saying it. it makes very little sense. it stands for “biggest pig on earth.”
Wow! Look at LNN crashing in the premarket. It was $130 yesterday. Below $105 now.
Alias: BPOE
Gregory;
I’m sorry if BPOE gets to you. Alias is from my old days being a system engineer. It is a name I got setting up virtual storage networks. It stands for Biggest Pig On Earth. I do not like to kiss managers asses. Alias is a softare function.
Ok due to the FLY having a great site I will kiss his ass and others on this site and just use Larry!!! Unless you are a manager!!!
LNN is getting just annihilated. Lets hope it bleeds over to these other gay fertilizer companies.
I think you mean “mourning”
Oh dear … I bought LNN yesterday at 120.12 and rode it to 123.50 based on someone mentioning it. I think it was BOOMER.
Glad that one was only a day trade 🙂
Did anyone confirm the hindenburg? It may be telling.
RE: Gregory on LNN
“Oh Dear” <– Understatement of the Year
i didnt say buy it. i said “whats up?”
but glad you traded and made $.
The XTO express is leaving the station
ALL ABOARD … toot toot
Hop on board for a nice ride
What a great day to be long CHK and XTO while short FITB and ZION. Just wish I didn’t cover my KEY short.
A lot more of these regional banks are going to fall and I’ll be shorting them all except US Bancorp.
Fly,
What’s going on with VMI? Couldn’t find any news.
LNN is getting just annihilated. Let’s hope gappingandyapping grows a painful fungus under his toenails.
Get back to work, geek!
_
Granpa… VMI is getting bashed due to LNN
DB Cooper speaks the truth. The only regional I wouldn’t short is USB.
That doesn’t mean it won’t get shaved, as it likely will (it’ll also likely get bought out), but there are better candidates.
Remove the “S,” for example, and take a crack at Fly’s self-bludgeoning UB.
Then add the “S” to the end again, and smoke some Swiss crack (UBS) for a change of pace.
__