Comments on: WTF Was That About?

By: Tom

Tom — Tue, 28 Oct 2008 17:28:43 +0000

When the DOW was up almost 200, Maria Bartiromo was in a pre-orgasmic swoon, but by the final bell, she looked like she shat her panties.

By: Mark W

Mark W — Tue, 28 Oct 2008 16:49:38 +0000

I dunno, why catch a falling knife? There hasn’t even been a hint of a trend that prices have bottomed, much less are back on the uptick.

I applaud Barry’s brass sack for diving into the rough surf, I just hope the riptide doesn’t pull him out.

The larger underlying conditions of the financial and currncey markets (and their respective governments) loom too large over this market to even try to fundamentally try and value a given stock, much decide its b8uy time. That consumer index number is about right. There’s still not enough balance sheet transparency to set the credit markets right, andthe government is trying to spend us into oblivion. In a proper world, all the Fed auctions should be implosions.

Cash is king.

By: steve

steve — Tue, 28 Oct 2008 16:19:15 +0000

brian @9:44

>>Lets suppose I have $1B in GM bonds and I entered into CDS contract with AIG.

Just because you own a piece of paper doesn’t mean your hedged. It just means you own a piece of paper.

The CDS market is THE problem that needs resolved.

By: John

John — Tue, 28 Oct 2008 15:31:28 +0000

“If we have made a bottom, this has to be another 1987 type of bear market, quick and over with and onto a new bull market.”

Quick? We’ve been at this bear for about a year now. This would be about normal.

By: wunsacon

wunsacon — Tue, 28 Oct 2008 15:13:13 +0000

@ Posted by: wunsacommie | Oct 28, 2008 5:48:36 AM

First, it’s your fault, because it seems you voted for him or support(ed) him. Certainly with good intentions. I’m confident of that. But, “good intentions” is never “good enough”.

Second, what triggered your remark? My Palin/Couric joke? The GOP is going to split into the (a) rational Goldwater camp and (b) the wingnuts, led by Palin. Enjoy your choice.

Cheers.

By: SPECTRE of Deflation

SPECTRE of Deflation — Tue, 28 Oct 2008 15:02:27 +0000

Barry, the TIPS Auction was a disaster.

By: RT

RT — Tue, 28 Oct 2008 14:16:40 +0000

The great unwind continues. I see DJIA 6900 before too long and pray that holds. If not look out below.

By: zackattack

zackattack — Tue, 28 Oct 2008 13:10:26 +0000

I assumed it was leakage of the Obama assassination plot.

That didn’t seem credible to me. “First, we rob a gun store…”

Anybody spent much time in a Tennessee gun store? You’re better off trying to parachute into Ft. Knox.

Everybody in there is going to be an expert marksman, graduate of Jeff Cooper’s training school, carrying state-of-the-art.

By: craig

craig — Tue, 28 Oct 2008 13:09:45 +0000

its the scumbag quants like Citadel etc.

By: Zizy

Zizy — Tue, 28 Oct 2008 12:36:30 +0000

Barry, just because you are the most bullish perma-bear around doesn’t mean everyone else is wrong to sell. Of course funds would pick to sell during the strongest part of the day. I think you are getting clouded in your judgment. I know this isn’t your strong point, but stop whinning.