Future of Financials

Wachovia, the nation?s fourth largest bank with nearly $800 billion in assets, is also in danger. Its staggering $8.9 billion loss reported last week may be just the tip of the iceberg. 

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Cramer säger att financials bottnat...

Well tyvärr inte än...

Vill avvakta 4 veckor till för att få ett svar för att botten är inne...

jag håller fast på att financial skall ner ner ner...

Stop Trading, Listen to Cramer!

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Wall St. Legend Joe Grano on Financials

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

bloomberg video

Merrill's Bernstein Says Drop in U.S. Stocks Isn't Over 

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

IndyMac Bancorp Files for Bankruptcy After Seizure

IndyMac said its liabilities are between $100 million and $500 million, according to the Chapter 7 filing yesterday in U.S. Bankruptcy Court in Los Angeles. The bank said it has fewer than 50 creditors.

mvh spx970 

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Yes, That's $2 Trillion of Debt-Related Losses
Nouriel Roubini, Economist and Professor, New York University
By ROBIN GOLDWYN BLUMENTHAL

Which banks, specifically, will fail?

I don't want to name names, but many, given the housing bust, will become insolvent. Their losses are mounting because they have written down only their subprime loans so far. They haven't started writing down most of their consumer-credit losses, and reserves for losses are much less than they should have been. The banks are playing all sorts of accounting gimmicks not to recognize them. There are hundreds of millions of dollars outstanding in home-equity loans that eventually could be worth zero, too.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

#6 hundreds of millions måste väl ändå anses som oansenligt i detta läget

Citigroup Loses on Credit-Card Securitizations as Payments Lag

Citigroup Inc. reported its first loss since at least 2005 on credit-card securitizations, signaling that risks may be growing in a business that generated $3.5 billion of revenue in the past three years.

The biggest U.S. credit-card lender lost $176 million in the second quarter packaging card loans into securities, the company said in an Aug. 1 regulatory filing. The New York-based bank completed fewer deals and was forced to mark down its own $9 billion stockpile of the debt instruments and other stakes the company amassed while selling them to investors.

Banks and other card issuers ``are predicting higher net charge-off rates across the credit-card industry,'' said Meghan Crowe, a Fitch Ratings analyst who tracks credit-card issuers including American Express Co., Capital One Financial Corp. and Advanta Corp. ``Things have been worse than anticipated.''

 mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Survival of the Unfittest

pdf

Merrill Lynch: The Dundering Herd

This transaction may constitute one of the oddest corporate announcements in recent memory.6 First, it suggests that Merrill Lynch's quarterly earnings announcement was grossly inaccurate since, with respect to these assets alone, the firm's valuation was apparently off by a factor of 40 percent. Second, it raises serious questions about the values all financial firms are placing on their mortgage securities. Either Merrill is alone in mis-marking its book by 40 percent, or other firms are grossly over-valuing their holdings and will be forced to report large write-offs in the third quarter. What is particularly troubling (but gives the anti-quantitative HCM a wonderful dose of schadenfreude) is the enormous gap in valuations that different firms (i.e. Lone Star and Merrill Lynch) can apparently derive from securities that are allegedly valued according to mathematical models whose precision is such that they would have problems hitting the side of a barn. 

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Fannie's Mudd Soothed Asian Investors as Bonds Rose

Asian investors were among the most important groups to soothe because central banks, financial institutions and funds in the region own $800 billion of Fannie Mae and Freddie Mac's $5.2 trillion in debt, according to data compiled by the Treasury. U.S. officials were concerned that sales from the region would push lending rates higher, said the people, who declined to be named because the discussions were confidential.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

video

Lawrence Lindsey on Paulson's plan 

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Lehman seen raising capital, cutting dividend
Analyst slashes estimates and price targets, says bank likely to sell assets

It is now possible that clients are thinking about their long term relationship with the company because the stories will not die," he said. "These clients are becoming increasingly unwilling to make commitments for more than short-term activities. Lehman must, therefore, act to solidify existing customer relationships."

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

What Happens During Recessions, Crunches and Busts?
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones*
                    August 5, 2008

pdf

We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for 21 OECD countries over the 1960-2007 period. In particular, we analyze the implications of 122 recessions, 112 (28) credit contraction (crunch) episodes, 114 (28) episodes of house price declines (busts), 234 (58) episodes of equity price declines (busts) and their various overlaps in these countries over the sample period. We document a rich set of stylized facts about the behavior of key macroeconomic and financial variables during these various events. Our results indicate that interactions between macroeconomic and financial variables can play major roles in determining the severity and duration of a recession. In particular, we show that recessions associated with credit crunches and house price busts are deeper and last longer than other recessions are. In light of our findings, we examine the implications of recent macroeconomic and financial developments in the United States for the future path of its economy.

...

These comparisons suggest that, while the current slowdown may share some features with the onsets of typical U.S. and OECD recession, it is worse in some dimensions, particularly in terms of speed of credit contraction, drop in residential investment and decline in house prices. We therefore also compare the developments in credit and housing markets in the United States to date to those in the past episodes of credit contractions and house price declines. Tables 2B and 3B showed that such credit contraction (crunch) and house price decline (bust) episodes on average lasted 6 (10) and 8 (18) quarters, respectively. If these statistics, based on a large number of episodes, provide any guidance, they suggest that the adjustments of credit and housing markets in the United States are only in the early stages relative to historical norms and might still take a long time. The earlier episodes suggest that the process of adjustment in the United States might persist in the coming months with further difficulties in credit markets and drops in house prices. This could bode consequently poor for the path of overall output, which, as we showed, falls more in recessions associated with credit crunches and house price busts than in recessions without such events.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

``Consumers are stressed, and some who are short of cash are relying more on credit cards,'' Joseph Brusuelas, chief economist at Merk Investments LLC in Palo Alto, California, said before the report.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

 UBS's Rich Clients Pull Funds as Investment Bank's Losses Mount

The withdrawals may signal an erosion of confidence in UBS after it amassed 25.4 billion francs of net losses, the most of any bank, in a mistimed bet on the U.S. mortgage market. UBS, led by Chief Executive Officer Marcel Rohner, has also been buffeted by U.S. regulators' claims that it helped clients evade American taxes and fraudulently sold auction-rate securities

 mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

FDIC Fund Strained by Bank Failures May Have to Raise Premiums

``It's going to be a bloody, expensive mess for the banking industry,'' said Bert Ely, president of Ely & Co. Inc., a bank consulting firm based in Alexandria, Virginia. ``Healthy banks are paying for the mistakes made by failed banks.''

...

Gerard Cassidy, an analyst at RBC Capital Markets in Portland, Maine, said he expects 300 U.S. banks to fail in the next few years, mainly because of mounting losses from real estate-related loans.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Inlägget är redigerat av författaren.

 ASHINGTON (MarketWatch) -- The recent drop in energy prices has diminished some of his concerns about inflation and inflationary expectations, said Minneapolis Fed President Gary Stern in an interview on CNBC on Tuesday. Stern, a voting member of the Federal Open Market Committee, said it'll take "some time" before U.S. economic growth returns to its potential, and counseled that it would "pay to be patient" before raising interest rates. Stern repeated an earlier comment that the Fed will need to raise rates quickly once it is confident of a recovery. Stern said the current economic environment is similar to the early 1990s, when the headwinds of tight credit kept the economy weak for two or three years.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

More Bank Losses Show Credit Crisis Far From Over.

mvh spx970 

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Så ni vet...

Naked short inte längre förbjudet från igår men räkna med nya regler om några månader...

Naked Short Ban Returns SEC 19 to Bear Monday: Chart of Day

The U.S. Securities and Exchange Commission's emergency ban on short sales in shares of financial stocks, which expires today, has failed to raise the share prices any higher than they were the day Bear Stearns Cos. collapsed.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Merrill May Cut Dividend for First Time, Options Traders Say 

 A reduction would be Merrill's first since it went public in 1971 and represent another reversal for Thain, 53, who told analysts he had plenty of capital two weeks before last month's record $9.8 billion stock offering. The sale lifted the burden of quarterly payouts by boosting shares outstanding by half.

För några månader sen sade man...

``We believe we will shortly be back to profitability and be able to earn the dividend,'' Thain said. ``I prefer to get the yield lower by getting the stock price higher.''

,,,

It's Too Soon to Toast the End of Credit Crisis: Caroline Baum

 It's still too early to break out the champagne. Here are just a few reasons why.

I. Crystal ball cloudy, ask again later.

During the late 1990s stock market bubble, it became fashionable for technology executives to talk about ``visibility'' when referring to future earnings.

It took until the end of 2001, with the Nasdaq Composite Index down 70 percent from its highs, for this perennially perky bunch to admit they had ``no visibility.''

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

HONG KONG (MarketWatch) - Merrill Lynch  has frozen hiring until the end of the year, temporarily shelving plans to hire positions which have had received budget approval, and leaving recently-vacated positions unfilled, according to a media report Friday. Retail brokers, which account for about one-sixth of the firm's 60,000 employees, are excluded from the hiring freeze, according to a Reuters' report, which cited a company-wide memo sent to employees Wednesday. Merrill Lynch has cut 4,200 jobs in the first half. The investment bank, which recorded more than $45 billion in write downs since the credit crisis unfolded last year, is assessing its 2009 growth plans and trying to decide where its hiring priorities should be, the report said.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Bernanke Tries to Define What Institutions Fed Could Let Fail

Reinhart, now a resident scholar at the American Enterprise Institute in Washington, is one of several Fed alumni who say they are concerned the central bank will next face requests to rescue hedge funds or insurance companies whose failure might damage the financial system.

Fannie, Freddie Fall as Barron's Says Bailout Likely

``It is very, very likely to happen before the end of the third quarter,'' Ajay Rajadhyaksha, the head of fixed income strategy for Barclays Capital Inc., said in an interview. ``Without government help, we think there is very little chance of Freddie completing a significant capital raising.''

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

#22

Spx. Vilken tur att du ligger i råvarufonder som du skrev i något inlägg?

Mvh lillbuffan

 Fed Attention to Wall Street `Dangerous,' Buiter Says

``The Fed listens to Wall Street and believes what it hears,'' Buiter said today in a paper presented to the U.S. central bank's annual symposium in Jackson Hole, Wyoming. ``This distortion into a partial and often highly distorted perception of reality is unhealthy and dangerous.''

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Bond fundraising costs soar 

By David Oakley, Michael Mackenzie and Nicole Bullock

Published: August 24 2008 19:50 | Last updated: August 24 2008 19:50

...

Kevin Murphy, managing director for investment grade corporates at Putnam Investments, said: "The topic du jour is Fannie and Freddie. Clearly, the market is looking for a solution that is permanent, clear and definitive. That dwarfs everything." Willem Sels, head of credit strategy at Dresdner Kleinwort, added: "Investors have become increasingly nervous as default rates, particularly in the US, are now rising. People expected they would, but now it is happening that has made them more worried."

The Lehman Brothers Credit index for US investment grade companies closed at 270 basis points over US Treasuries last Wednesday, a record high since the early 1990s.

...

Mvh, /Leif

Libor Signals Tighter Credit as Banks Balk at Lending

 ``It's like an ongoing nightmare and no one is sure when we're going to wake up,'' said Thomson, a money manager in Glasgow at Resolution, which oversees $46 billion in bonds. ``Things are going to get worse before they get better.''

...

Libor Validity

``The problem is much more systemic than was widely anticipated a year ago,'' said Michael Darda, chief economist for MKM Partners LLC in Greenwich, Connecticut. ``Not only bank balance sheets but home balance sheets are under pressure due to falling house prices.''

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

STOCKHOLM (Direkt) Den nuvarande finanskrisen kommer
att hålla på ett par år till.

Det sade ECB-rådsledamoten Nout Wellink, enligt vad
som framgår av en nederländsk tidning på torsdagen, skriver
Thomson Financial News.

"Jag kan inte ge någon tillförlitlig förutsägelse
över hur länge krisen kommer att fortsätta ... men vad som
står klart är att slutet ännu inte är i sikte", sade han.

"De flesta finanskriser håller i genomsnitt på i två
till tre år. Denna kommer att hålla på ett par år. Historien
lär oss att inte vara för pessimistiska för snabbt, men inte
heller för optimistiska", fortsatte Nout Wellink.

I slutet på augusti sade han att det är svårt att
förutspå hur länge den nuvarande kreditkrisen håller i sig,
men at det inte kommer att bli något snabbt slut.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

ECB Will Tighten Lending Rules to Stop Bank Abuse  

Sept. 4 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said the ECB will tighten its lending rules to stop them being exploited by financial institutions stung by the year- long credit crisis.

Trichet said today the bank will increase the gap between the face value of most asset-backed bonds and how much can be borrowed against them. The ECB will apply an additional 5 percent discount for securities that have only theoretical pricing. Unsecured bank bonds will have a 5 percent discount. The new rules will take effect on Feb. 1.

...

The cost of protecting European bank bonds from default soared to the highest in five months after Trichet announced the changes to the so-called haircuts, or risk premia, it applies to collateral. Credit-default swaps on the Markit iTraxx Financial index of subordinated debt of 25 European banks and insurers climbed 9 basis points to 174, the highest since April 1, according to JPMorgan Chase & Co. prices at 3:02 p.m. in London.

...

Trichet said the ECB will apply a ``uniform'' risk premium of 12 percent on asset-backed securities. This haircut is meant to protect the ECB against a decline in the value of the assets.

Until now, the ``valuation haircuts'' on asset-backed securities ranged from 2 percent to 18 percent. The value of the underlying asset is calculated as the market price less the haircut. An increase in the haircut therefore reduces the amount that can be borrowed, making banks more dependent on investors who are demanding higher returns before committing funds.

Mvh, /Leif

Asking för a bail out...

The U.S. government needs to start buying assets to stem a bourgeoning ``financial tsunami,'' according to Bill Gross, manager of the world's biggest bond fund. 

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

#29

Bill Gross är säkert nöjd nu när man bailar out FF

Volcker Says Finance System `Broken,' Losses May Rise

``This bright new system, this practice in the United States, this practice in the United Kingdom and elsewhere, has broken down,'' Volcker said today at a banking conference in Calgary. ``Growth in the economy in this decade will be the slowest of any decade since the Great Depression, right in the middle of all this financial innovation.''

...

U.S. growth has averaged 2.3 percent so far this decade, down from 3.4 percent in the 1990s. The current growth rate is the weakest since at least the 1940s, when the government began compiling figures on quarterly gross domestic product.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Bank of America Says Losses Shift to Commercial Loans

By David Mildenberg

Sept. 10 (Bloomberg) -- Bank of America Corp., the biggest U.S. consumer bank, said credit weakness is spreading to commercial borrowers from residential customers and loan losses probably will deepen in the third quarter.

...

Mvh, /Leif

vem var det som sa att finans krisen är över?

Leh 

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Inte jag.....

Nu börjar det se ansträngt ut även för Goldman Sachs aktiekurs.....

Präktig säljsignal igår, som förstärktes idag....

MVH Nisse45 

#32

Har någon sagt det?

Du kanske har missuppfattat något?

Gör som babe1. Skulle stänga in sig i ett mörkt rum. :) Vet inte varför det hjälper  men.  

Mvh lillbuffan

Inlägget är redigerat av författaren.

#33

Nisse.... Vad gör du.?.... Köper?..... Sälljer?....

Det är inte lätt nu...

Nog bäst stå vid sidan av.....

Varför skriver jag med punkter.....

Mvh lillbuffan

lillbuffan ja varför skriver du med punkter då du snarare är en parantes.

Tack spx970 för alla dina bidrag. 

Mvh Jamenvisst

Ja,  någon kommer säkert rösta bort det gissar jag. Vilket är märkligt....

Ingen tål ett skämt eller att ifrågasätta....

Tråkigt.... 

Mvh lillbuffan

Intressant skede just nu med Lehman och WaMu som jagar kapital och/eller köpare. Verkar inte vara lika lätt nu som i våras. Gäller att hitta folk som inte sitter och tänker i termer av "don't throw good money after bad". Utfallen här kan komma att sätta sentimentet för en bra tid framåt.  

Mvh, /Leif

U.S. Considers Bringing Fannie, Freddie on to Budget 

Sept. 11 (Bloomberg) -- The Bush administration is considering whether to fold Fannie Mae and Freddie Mac's $5.2 trillion in debt into the federal budget, the White House budget office and the U.S. Treasury Department said. 

...

The federal takeover of the government-sponsored enterprises, or GSEs, on Sept. 7 failed to address whether the debt of Fannie and Freddie should be included in the budget, or whether it carries an explicit government guarantee. In an interview this week, Treasury Secretary Henry Paulson cited the ``incongruities'' in the law and said ``we should be clear, is there a government guarantee or isn't there?'' 

...

Any decision to add Fannie and Freddie to the budget wouldn't automatically translate into an explicit government backing for the companies' combined $1.7 trillion in unsecured debt and $3.5 trillion of mortgage guarantees. Granting the full faith and credit of the U.S. would require an act of Congress to change the companies' legal status.



...

Treasury Risk

If the companies were given explicit backing, their debt costs would plunge to bring them closer to the U.S. Treasury debt, Wallison said.

Fannie's five-year debt trades at 65 basis points more than Treasuries and has averaged 40 basis points more for the past five years.

Investors in the credit-default swap market for U.S. Treasuries are already concerned a guarantee is coming, demanding record high fees to offer investors protection against losses on Treasuries.

Five-year credit-default swap contracts on U.S. government debt increased 3.5 basis points on Sept. 9 to a record 18, up from 6 basis points in April, according to CMA Datavision in London. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a country or company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality. 

...

The U.S. budget deficit will grow next fiscal year to $438 billion from $407 billion, the Congressional Budget Office said Sept. 9, making it harder for President George W. Bush's successor to either cut taxes or increase spending. 

...

De har en del kvar att reda ut där borta.

Storleken på åtaganden kring Fannie o Freddie är enorma och får nuvarande budgetunderskott att verka litet i jämförelse.

Mvh, /Leif

Financial Russian Roulette

The real answer to the current problem would, of course, have been to take preventive action before we reached this point. Even leaving aside the obvious need to regulate the shadow banking system ? if institutions need to be rescued like banks, they should be regulated like banks ? why were we so unprepared for this latest shock? When Bear went under, many people talked about the need for a mechanism for "orderly liquidation" of failing investment banks. Well, that was six months ago. Where?s the mechanism? And so here we are, with Mr. Paulson apparently feeling that playing Russian roulette with the U.S. financial system was his best option. Yikes.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

...

mvh spx970 

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Inlägget är redigerat av författaren.

Abu Dhabi Mubadala to 'wait and see' on troubled banks

DUBAI, Sept 15 (Reuters) - Abu Dhabi state-owned investment agency Mubadala said on Monday that it was not looking to bail out any financial players in difficulties.

'There is a good amount of volatility and it is not the best time to invest,' Chief Operating Officer Waleed al-Muhairi told Reuters on Monday. 'Right now, we, like some others, will wait and see.'

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Whitney On Wall Street's Future

Weighing in on Bank of America's latest deal and the future of Wall Street, with Meredith Whitney, Oppenheimer & Co. and CNBC's Maria Bartiromo

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Overnight Money-Market Rate for Dollars Doubles, BBA Says 

Sept. 16 (Bloomberg) -- The cost of borrowing in dollars overnight more than doubled to 6.44 percent, its biggest jump, according to the British Bankers' Association.

The London interbank offered rate, or Libor, increased 333 basis points from yesterday, the BBA said today. 
 

Mvh, /Leif

Watch the two guys right behind the reporter.

mvh spx970 

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

#45 :) grabbarna har humor, gäller att gilla läget och platsen. lätt det roligaste hitills angående lehmans rapportering.

Mvh Jamenvisst

Overnight, the yield on the three-month US Treasury declined by 66% from 0.70% down to 0.23%. As shown below, yields haven?t been this low (red line) since the Depression.

Reserve Money Fund Falls Below $1, Delays Withdrawals

``We could see massive withdrawals from the money-market fund industry with the money going to bank deposits and T- bills,'' Michael Cloherty, a New York-based analyst with Bank of America Corp., wrote in a research note yesterday.

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Inlägget är redigerat av författaren.

På bloomberg TV har man idag rapporterat om att US 1-månadsväxlar har handlats över nominellt belopp, dvs till negativ ränta. Man är alltså beredd att ta en säker, men känd, förlust för att slippa ha pengarna nån annan stans.

Mvh, /Leif

video

Here's what's really going on:

mvh spx970 

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

#49 Skaka ur de sista bullarna ;)

Vad har de föregående 4-5 mkt tydliga spik-topparna gemensamt med varandra och börsens efterföljande utveckling?

Hyffsade odds ändå nu för en större studs. Sen får vi se om röken lägger sig huruvida vi ska ner i avgrunden igen och se sanningen i vitögat. 

|StRY| "Caveat emptor. Buyer beware."

#50

kan bara hålla med dig...  så länge

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Inlägget är redigerat av författaren.