Comments on: Buy a Toaster, Get a Free Bank http://www.ritholtz.com/blog/2008/11/buy-a-toaster-get-a-free-bank/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 19:03:21 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: debwright http://www.ritholtz.com/blog/2008/11/buy-a-toaster-get-a-free-bank/comment-page-1/#comment-128150 debwright Sun, 23 Nov 2008 02:31:07 +0000 http://www.ritholtz.com/blog/?p=10398#comment-128150 Speaking of laughs: Deep-fried secrets of the Credit Crunch. http://www.slideshare.net/WynnQuon/deepfriedsecretsofthecreditcrunch-presentation/v1?src=embed "Q: Will the US$850 billion bailout work? s A: First it is not a bailout. It is an investment, no lie. Every investment is measured by its return over a period of time. Time as we know is infinite. Therefore all investment returns tend to zero. So if we don’t get our money back that would be pretty much a success. " Speaking of laughs:

Deep-fried secrets of the Credit Crunch.

http://www.slideshare.net/WynnQuon/deepfriedsecretsofthecreditcrunch-presentation/v1?src=embed

“Q: Will the US$850 billion bailout work? s A: First it is not a bailout. It is an investment, no lie. Every investment is measured by its return over a period of time. Time as we know is infinite. Therefore all investment returns tend to zero. So if we don’t get our money back that would be pretty much a success. “

]]> By: whiterabbitcult http://www.ritholtz.com/blog/2008/11/buy-a-toaster-get-a-free-bank/comment-page-1/#comment-128054 whiterabbitcult Sat, 22 Nov 2008 16:27:06 +0000 http://www.ritholtz.com/blog/?p=10398#comment-128054 Barry.... YES! You have my permission to use this image in any way you like! Just would love a small credit to the website. I am glad you like it!!! :) You have my email in my signup if you need to get a hold of me. Best Regards... The White Rabbit http://www.whiterabbitcult.com Barry….
YES! You have my permission to use this image in any way you like! Just would love a small credit to the website. I am glad you like it!!! :)

You have my email in my signup if you need to get a hold of me.

Best Regards…
The White Rabbit
http://www.whiterabbitcult.com

]]> By: Rightline http://www.ritholtz.com/blog/2008/11/buy-a-toaster-get-a-free-bank/comment-page-1/#comment-128051 Rightline Sat, 22 Nov 2008 15:48:01 +0000 http://www.ritholtz.com/blog/?p=10398#comment-128051 Hey, no fair! The coupons explicitly say limit one per customer. How can BAC game the system and get CFC and MER? I think they are going to have to give MER back (if they get lucky). One the other hand, the taxpayers have had FNM and FRE put on us, we are too lucky I guess. Hey, no fair! The coupons explicitly say limit one per customer. How can BAC game the system and get CFC and MER? I think they are going to have to give MER back (if they get lucky). One the other hand, the taxpayers have had FNM and FRE put on us, we are too lucky I guess.

]]> By: AnotherGuy http://www.ritholtz.com/blog/2008/11/buy-a-toaster-get-a-free-bank/comment-page-1/#comment-128022 AnotherGuy Sat, 22 Nov 2008 05:39:15 +0000 http://www.ritholtz.com/blog/?p=10398#comment-128022 Today I became a day trader. Into QLD late in the morning out at the end of the day. Can someone explain to me why this predictable closing rally thing keeps happening? Is everybody convinced they are going to miss out on the great economic recovery (or at least a good bear market rally)? Barry: What can you tell us about the currencies? We're seeing such wild exchange rate swings and the dollar seems to be going the wrong direction, up. Did this happen during previous crashes? Today I became a day trader. Into QLD late in the morning out at the end of the day.

Can someone explain to me why this predictable closing rally thing keeps happening? Is everybody convinced they are going to miss out on the great economic recovery (or at least a good bear market rally)?

Barry: What can you tell us about the currencies? We’re seeing such wild exchange rate swings and the dollar seems to be going the wrong direction, up. Did this happen during previous crashes?

]]> By: philipat http://www.ritholtz.com/blog/2008/11/buy-a-toaster-get-a-free-bank/comment-page-1/#comment-128021 philipat Sat, 22 Nov 2008 04:59:46 +0000 http://www.ritholtz.com/blog/?p=10398#comment-128021 philipat Says: November 20th, 2008 at 10:00 pm OK, but hasn’t “Long Treasuries, Short every index” become the equivalent to “Long commodities, short Financials”? Is this possibly the final bubble to burst? No responses. Which made even more confident and, wow, what a day!! philipat Says:

November 20th, 2008 at 10:00 pm
OK, but hasn’t “Long Treasuries, Short every index” become the equivalent to “Long commodities, short Financials”?

Is this possibly the final bubble to burst?

No responses. Which made even more confident and, wow, what a day!!

]]> By: leftback http://www.ritholtz.com/blog/2008/11/buy-a-toaster-get-a-free-bank/comment-page-1/#comment-128014 leftback Sat, 22 Nov 2008 03:52:05 +0000 http://www.ritholtz.com/blog/?p=10398#comment-128014 @ JM: That $200 worth of calls is definitely going to scare the crap out of the short funds... I thought about selling my GDX/PAAS but I held. If the market is up Monday it will be rising tide lifts all boats and I can hop off into one of the ultra funds (UYM might be due for a run -if a squeeze develops there is also URE and UYG or FAS).If the market is down then gold will probably hold its value well. Methinks we are at or very near the $ turn and all the commodity plays that have been beaten down are in the process of bottoming. The banks? Not so much. @ JM: That $200 worth of calls is definitely going to scare the crap out of the short funds… I thought about selling my GDX/PAAS but I held. If the market is up Monday it will be rising tide lifts all boats and I can hop off into one of the ultra funds (UYM might be due for a run -if a squeeze develops there is also URE and UYG or FAS).If the market is down then gold will probably hold its value well.

Methinks we are at or very near the $ turn and all the commodity plays that have been beaten down are in the process of bottoming. The banks? Not so much.

]]> By: leftback http://www.ritholtz.com/blog/2008/11/buy-a-toaster-get-a-free-bank/comment-page-1/#comment-128012 leftback Sat, 22 Nov 2008 03:45:35 +0000 http://www.ritholtz.com/blog/?p=10398#comment-128012 I have the suspicion that some kind of "bottom violation" might be in store for the shorts. With a lot of naked shorting going on and a ton of money in SKF it might only take a reinstatement of the uptick rule or some other procedural modification to set a match to the pile. Nothing grows to the sky, not even SKF. I have the suspicion that some kind of “bottom violation” might be in store for the shorts. With a lot of naked shorting going on and a ton of money in SKF it might only take a reinstatement of the uptick rule or some other procedural modification to set a match to the pile. Nothing grows to the sky, not even SKF.

]]> By: CNBC Sucks http://www.ritholtz.com/blog/2008/11/buy-a-toaster-get-a-free-bank/comment-page-1/#comment-127997 CNBC Sucks Sat, 22 Nov 2008 00:13:06 +0000 http://www.ritholtz.com/blog/?p=10398#comment-127997 Oh, another attempt at liberal-tinged humor from Barry Ritholtz, I see. As a registered Republican (my God, there he goes again! ARRRRGGH), I frown upon people who use irony and sarcasm to prove a point. On a more serious note, the market responded very positively to Geithner this afternoon. Is the selection of Geithner a sort of political anal lube for the rich people of this country? Because Obama's vision and plan for this country will NEVER work without maximizing tax revenues and jacking up marginal tax rates on the highest income brackets. I didn't support Obama for this nation to borrow more. Without cracking the "piggybank", then my fellow Republicans would be right about there not being enough money for Obama's programs. I sure hope Geithner is a "lube" because business as usual for Larry Kudlow's tax bill ain't gonna cut it. Oh, another attempt at liberal-tinged humor from Barry Ritholtz, I see. As a registered Republican (my God, there he goes again! ARRRRGGH), I frown upon people who use irony and sarcasm to prove a point.

On a more serious note, the market responded very positively to Geithner this afternoon. Is the selection of Geithner a sort of political anal lube for the rich people of this country? Because Obama’s vision and plan for this country will NEVER work without maximizing tax revenues and jacking up marginal tax rates on the highest income brackets. I didn’t support Obama for this nation to borrow more. Without cracking the “piggybank”, then my fellow Republicans would be right about there not being enough money for Obama’s programs. I sure hope Geithner is a “lube” because business as usual for Larry Kudlow’s tax bill ain’t gonna cut it.

]]> By: jmborchers http://www.ritholtz.com/blog/2008/11/buy-a-toaster-get-a-free-bank/comment-page-1/#comment-127996 jmborchers Sat, 22 Nov 2008 00:08:49 +0000 http://www.ritholtz.com/blog/?p=10398#comment-127996 Sold me gold and me golden options. Wow a 2 bagger in a few days for the options side. Not giving that back. I flipped during the mid day but couldn't write because I had no idea what the heck the Wordpad password was at work. Theory says if commodities are inflating back up this is good if it continues. I would have kept me gold if only gold and silver were going up. Bought some C $7.50 calls expr Dec 40 cents each - $200 worth. Small spec play. Somehow I don't think the gov't will let C stock go to $0. If the gov't let's C stock go to $0 I think the market has an excellent chance of a terrible crash and a huge amount of confidence will be lost. I look for the gov't to come in and actually support the common stock this time. At last count Morgan owns C stock and UBS owns Morgan. The circle of love goes around. If one falls it takes all the others with. This is provided the banks haven't sold each other stocks yet. Back into GLW and GRMN also. Sold me gold and me golden options. Wow a 2 bagger in a few days for the options side. Not giving that back. I flipped during the mid day but couldn’t write because I had no idea what the heck the Wordpad password was at work. Theory says if commodities are inflating back up this is good if it continues. I would have kept me gold if only gold and silver were going up.

Bought some C $7.50 calls expr Dec 40 cents each – $200 worth. Small spec play. Somehow I don’t think the gov’t will let C stock go to $0. If the gov’t let’s C stock go to $0 I think the market has an excellent chance of a terrible crash and a huge amount of confidence will be lost. I look for the gov’t to come in and actually support the common stock this time. At last count Morgan owns C stock and UBS owns Morgan. The circle of love goes around. If one falls it takes all the others with. This is provided the banks haven’t sold each other stocks yet.

Back into GLW and GRMN also.

]]> By: Pat G. http://www.ritholtz.com/blog/2008/11/buy-a-toaster-get-a-free-bank/comment-page-1/#comment-127995 Pat G. Sat, 22 Nov 2008 00:07:22 +0000 http://www.ritholtz.com/blog/?p=10398#comment-127995 When the toaster goes bad I can just throw it away. The bank needs constant "fixing". When the toaster goes bad I can just throw it away. The bank needs constant “fixing”.

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