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RE: Stock market - 11/12/2008 3:39:12 PM
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blessedinnyc
Posts: 2007
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quote:
ORIGINAL: GroupW
Hopefully your dad knows when to take his money off the table. I would have to assume that volatility should be decreasing fairly soon. That means, all other things equal, to a decline in options values.
I don't think we're done, yet. I hate to be the perpetual bear, but I think that with Paulson's comments (that they will be diluting equity stakes in these companies, rather than buying bad assets), we could see another down 15-20% week.
Perhaps the easy money has already been made on the short side, but I'm not selling my puts, yet. I mean, basically the treasury is sending a message that they're not even willing to buy these assets even as a favor.
And then there's the whole $3.5 Trillion of debt we're going to have to take on...
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RE: Stock market - 11/12/2008 7:46:57 PM
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prophet
Posts: 691
Joined: 4/19/2005
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They are no buying anymore cause
Paulson will be an former Treasury Secretary soon.........
plus
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http://www.bloomberg.com/apps/news?p...oeg&refer=home
Fed Defies Transparency Aim in Refusal to Disclose (Update2)
By Mark Pittman, Bob Ivry and Alison Fitzgerald
Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.
``The collateral is not being adequately disclosed, and that's a big problem,'' said Dan Fuss, vice chairman of Boston- based Loomis Sayles & Co., where he co-manages $17 billion in bonds. ``In a liquid market, this wouldn't matter, but we're not. The market is very nervous and very thin.''
Bloomberg News has requested details of the Fed lending under the U.S. Freedom of Information Act and filed a federal lawsuit Nov. 7 seeking to force disclosure.
The Fed made the loans under terms of 11 programs, eight of them created in the past 15 months, in the midst of the biggest financial crisis since the Great Depression.
``It's your money; it's not the Fed's money,'' said billionaire Ted Forstmann, senior partner of Forstmann Little & Co. in New York. ``Of course there should be transparency.''
_____________________________
Create in me a Clean Heart, O Lord.
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RE: Stock market - 11/12/2008 7:52:31 PM
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prophet
Posts: 691
Joined: 4/19/2005
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More.........
Boehner Demands Fed Identify Recipients of Loans
Quote:
Nov. 12 (Bloomberg) -- House Republican leader John Boehner called for the Federal Reserve to disclose the recipients of almost $2 trillion of emergency loans from American taxpayers and the troubled assets the central bank is accepting as collateral.
Boehner, in a prepared statement, also asked the Federal Reserve to comply with a Freedom of Information Act request seeking details about the loans.
The Fed ``should comply with this Freedom of Information Act request, and in the interest of full and fair disclosure, they must begin providing lawmakers and taxpayers all information about how they are using federal tax dollars,'' Boehner said.
Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, there is little disclosure about how the programs are being implemented.
Bloomberg News requested details of the Fed lending under the U.S. Freedom of Information Act and filed a federal lawsuit Nov. 7 seeking to force disclosure.
A spokesman for the Federal Reserve didn't immediately respond to requests for comment.
http://www.bloomberg.com/apps/news?p...efer=worldwide
_____________________________
Create in me a Clean Heart, O Lord.
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RE: Stock market - 11/12/2008 7:54:31 PM
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blessedinnyc
Posts: 2007
Joined: 10/12/2007
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At this point, I'll agree with you that it might be a good time to buy *a little* gold, prophet- just as part of a diversification strategy.
It rarely makes a lot of sense to buy or sell in a panic, and that's why gold might be a halfway decent investment right now- it's down from its highs.
I think Gold might be overpriced, but there might be some good deals in the gold miners right now. Some are getting priced as though gold is heading for $400/oz, and IMHO, that's a little too pessimistic.
I am moving a small portion of my portfolio into gold miners- about 4%. If the commodity were cheaper than the mines, I'd be going with the commodity, but the mines look a bit cheaper, right now.
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RE: Stock market - 11/13/2008 7:25:37 PM
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prophet
Posts: 691
Joined: 4/19/2005
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blessedi
You do that. Youw ill surely be BLESSED! 
_____________________________
Create in me a Clean Heart, O Lord.
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RE: Stock market - 12/18/2008 4:35:15 PM
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Abbreviated
Posts: 2101
Joined: 4/12/2005
From: Kansas
Status: offline
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Listened to Dan Celia of THE REGENCY FOUNDATION in Pennsylvania on Saturdays on BOTT radio.
Anyone else signed up to receive his newsletter ?
_____________________________
Buried In Legos...
Bologna Donuts
Jackie
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