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Post by gurumaster on Mar 14, 2008 9:55:15 GMT -4
Get ready the asian market aint buying the buy out of Bear Stearns!  Leahman bros is next! Bank of America will follow! Depression is coming and America will fall.   Get ready the end is near! Thank God we have Maheu! Woo Hoo way to go Maheu! Its working! The Mahue maneuver! Get the Fed Ex trucks started!  AP JPMorgan Chase Funding Bear Stearns Friday March 14, 9:32 am ET JPMorgan Chase, With Federal Reserve Bank of NY, to Provide Funding to Bear Stearns NEW YORK (AP) -- JPMorgan Chase says that in conjunction with the Federal Reserve Bank of New York it will provide temporary funding for Bear Stearns. The funding will be provided as necessary for up to 28 days. During that time, JPMorgan Chase will also help Bear Stearns find permanent financing. Bear Stearns says its liquidity significantly deteriorated over the past day and the temporary funding will help it continue operating normally. The investment bank added there is no guarantee any permanent strategic alternatives will be successful. There has been speculation this week that Bear Stearns was struggling with liquidity problems. Bear Stearns shares spiked in premarket trading but then fell back on the news. |
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Post by gurumaster on Mar 14, 2008 10:59:36 GMT -4
The Feds just bailed out Bear Stearns! Can Maheu defeat the Federal Goverment?  The FEDS have to go!  It Posse comitatus time!  Is this legal and were any laws broken?  Should the CEO return his multi million dollar bonus or does he deserve to keep it? |
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Post by ivory on Mar 14, 2008 14:23:46 GMT -4
Good bye to 26.85!!!!
HI LOW VOLUME
54.79 26.85 149,488,696
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Post by gurumaster on Mar 14, 2008 21:48:22 GMT -4
Its almost over! 
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Post by ivory on Mar 15, 2008 10:27:17 GMT -4
What's the risk/reward with June 40 call at this level?  |
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Post by gurumaster on Mar 17, 2008 0:01:40 GMT -4
Common $ 200.00 a barrel oil! Go Go Go!  Get ready the asian market aint buying the buy out of Bear Stearns! Leahman bros is next! Bank of America will follow! Depression is coming and America will fall. I pledge allegance to the United States of the Euro! Analysts: Govt Funds Heat Up Oil Prices Sunday March 16, 2:42 pm ET By Christopher S. Rugaber, AP Business Writer Analysts See Sovereign Wealth Funds Playing Contributing Role in Record Oil Prices WASHINGTON (AP) -- As oil prices charge past $110 a barrel, analysts say government-run investment funds from oil-rich nations may be adding speculative heat to an already red-hot market. By placing bets in futures markets, these sovereign-wealth funds are no different than hedge funds, pension funds and other institutional investors, with one exception: at the same time they profit by trading "paper" barrels, their governments' oil companies also reap huge sums pumping black gold for consumers worldwide. |
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Post by kingofsiam on Mar 17, 2008 1:02:04 GMT -4
Gues you own Oil companys. OIL will not be $200 get real
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Post by gurumaster on Mar 17, 2008 1:24:36 GMT -4
Gues you own Oil companys. OIL will not be $200 get real I have you quoted so we shall remember this moment! I remember when oil was $ 9.00 a barrel and now we have China and India consuming the oil. Its gonna happen the experts are already discussing it! THE RATINGS GAME New 'super-spike' might mean $200 a barrel oil Goldman's projections foretell persistent turbulence in energy prices By Steve Gelsi, MarketWatch Last update: 1:42 p.m. EST March 7, 2008 www.marketwatch.com/news/story/goldman-sachs-raises-possibility-200/story.aspx?guid={4B702F7F-41F8-45F0-A133-630F12F2C764}NEW YORK (MarketWatch) -- With $100-a-barrel here for now, Goldman Sachs says $200 a barrel could be a reality in the not-too-distant future in the case of a "major disruption." Goldman on Friday also boosted by $10 the low end of its 2008-2012 projected range for crude to $60 a barrel -- significantly lower than current prices, to be sure, but a possible mark for oil if "normalized" trends return to the marketplace. With the dollar's fall continuing and financial markets roiled by the credit crunch, commodities like oil have been drawing the fancy of increasing numbers of investors. Accordingly, Wall Street firms have been eager to adjust forecasts to incorporate fresh data on the global economy and energy supplies. Goldman analysts Arjun Murti, Kevin Koh and Michele della Vigna said prices have advanced more quickly than Goldman had forecast back in 2005, when it predicted a range of $50 to $105 a barrel as part of its "super-spike" oil theory. "We characterized the upper end of the band as more likely to be driven by geopolitical turmoil and that recession was a key risk to our view," the analysts said. "In fact, oil prices have reached $100 a barrel without extraordinary turmoil, and the U.S. currently appears to be in recession." Tacking on $15 a barrel to all of its oil estimates, Goldman now sees average selling prices of $95 a barrel for 2008, $105 a barrel for 2009 and $110 a barrel for 2010. The high end of its range is now $135 a barrel -- but Goldman hinted that prices could be headed even higher. "As the lack of supply growth and price-insulated non-OECD demand suggest a future rebound in U.S. gross domestic product growth or a major oil supply disruption could lead to $150-$200 a barrel oil prices," Goldman said. While saying it has a bullish long-term outlook, Goldman acknowledged that oil prices could correct from recent highs. Favorite picks among energy stocks include Frontier Oil (FTO:frontier oil corp com News, chart, profile, more Last: 28.47-1.13-3.82% 4:00pm 03/14/2008 Goldman also reiterated its view that oil prices could fall as normal market conditions return over the next four years. "The core of our 'super-spike' view is that oil prices will keep rising until demand declines globally on a multiyear basis, resulting in the return of excess capacity and a lower cost structure," Goldman's analysts said. "Given this view, once excess capacity returns, we think prices can move sharply lower." The analysts reiterated their "attractive" view on the European energy sector, but kept a neutral view on the Russian sector due to costs. It upgraded Transneft and Sibir Energy to neutral from sell after underperformance, and cut Imperial Energy to sell from neutral on capital-spending requirements. Steve Gelsi is a reporter for MarketWatch in New York. MarketWatch London bureau chief Steve Goldstein contributed to this report. |
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Post by gurumaster on Mar 17, 2008 10:24:40 GMT -4
Lehman Too Big to Fail?
Posted Mar 17, 2008 08:49am EDT by Henry Blodget in Investing, Recession, Banking
Related: bsc, leh
From Silicon Alley Insider, March 17, 2008:
Bear Stearns (BSC) is gone, so the markets are wondering who's next. The leading contender? Lehman Brothers (LEH).
Lehman's stock dropped 15% on Friday, and it's down another 33% in pre-market trading. Some specific concerns:
Like Bear Stearns, Lehman is relatively small and undiversified.
Like Bear Stearns, Lehman just reiterated that its "liquidity position is strong."
Like Bear Stearns, at least one of Lehman's trading partners is cutting it off: The WSJ reports that Southeast Asia's biggest bank, DBS Holdings, has asked traders not to enter new transactions with Lehman Brothers. "DBS has sent an internal e-mail saying it would not deal with Lehman Brothers from now on."
Like Bear Stearns, Lehman is levered about 30-to-1.
Like Bear Stearns, Lehman chose not to raise additional capital last fall.
Like Bear Stearns, no one has any idea what's really on Lehman's balance sheet (including, probably, Lehman)
Unlike Bear Stearns, says an analyst at ING, Lehman is NOT too big to fail, which means that the Fed might not be in such a panic to bail it out.
If Lehman is hellbent on following the Bear Stearns playbook, it will now trot Dick Fuld out onto CNBC to say that the bank is in great shape. And then, a day or two later, it will go bankrupt.
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Post by gurumaster on Mar 17, 2008 10:34:28 GMT -4
Wall Street Reacts to Bear, Fed Shockers
Posted Mar 17, 2008 09:50am EDT by Aaron Task in Investing, Banking
Related: BSC, JPM, GS, MS, ^IXIC, ^SPX, ^DJI
"Scary" is how one trader aptly and succinctly described Sunday's double-barreled shocker: JP Morgan is buying Bear Stearns for a stunningly low $2 per share. Also, the Federal Reserve, which backstopped the Bear deal to the tune of $30 billion, cut the discount rate and opened its lending window to brokerage firms (vs. just banks) for the first time since the Great Depression.
Extraordinary times call for extraordinary measures.
Predictably, U.S. stocks opened lower Monday morning in reaction, but not as drastically as the pattern seen in overseas markets. In Asia, Japan's Nikkei tumbled 3.7% to its lowest level since August 2005, while bourses in Hong Kong and Shanghai dropped more than 5% each.
In recent trading, the Dow was down about 1%, the S&P and Nasdaq were off about 1.7% each.
The issue is not that Bear Stearns was sold -- a sale to JP Morgan was presumed by many after Friday's emergency action by JP Morgan and the Fed to prop up the ailing firm. What is shocking -- and scary -- is the $2 price-tag.
If Bear Stearns, which was trading above $60 a week ago and $170 in January 2007, is now only worth $2 per share (and, not even $2 in cash but JPM stock) what is Lehman Brothers really worth? Or Morgan Stanley? Or even Goldman Sachs, which has heretofore best navigated the credit crunch?
Notably, those brokerage firms are all slated to report earnings later this week while the Fed has a scheduled policy meeting on Tuesday. In other words, very little is likely be resolved by Monday's session, no matter how it turns out.
"If the debt unwind is more pervasive than the tech bubble and real estate maina that preceded it, as I believe it is, the painful and prolonged comeuppance has a long way to go," writes Todd Harrison, CEO and found of Minyanville.com. "It's not a pretty scenario nor it is one that I would like to see come to pass. We must draw the lines of distinction between optimism, faith and hope, however, as the latter matter has never been a viable investment vehicle."
Harrison raises an interesting point because after talk on Sunday of a potential crash today -- not a term Wall Street-types use lightly -- it appears early Monday as if Wall Street is again resisting the temptation to have a capitulation-type selloff that many say is necessary to establish a sustainable bottom.
[Programming Note: Harrison was our guest this morning at the Nasdaq.
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Post by kingofsiam on Mar 17, 2008 13:55:57 GMT -4
OMG your so right look at oil today. Falling Fast
"Goldman Sachs" Is that the same as bear Sterns?
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Post by gurumaster on Mar 20, 2008 10:09:21 GMT -4
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Post by kingofsiam on Mar 22, 2008 0:37:14 GMT -4
Alternative fuels!
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cmkxer
Diamond Explorer
Posts: 58
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Post by cmkxer on Mar 22, 2008 1:10:14 GMT -4
just don't drive. you'll see oil price go down.
also to comment, this whole bust / boom in the economy is for the rich to consolidate and become more powerful. consolidation means less competition. that's the design of the federal reserve.
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Post by gurumaster on Mar 27, 2008 2:34:07 GMT -4
AP Oil Above $106 After Overnight Jump Thursday March 27, 1:54 am ET By Gillian Wong, Associated Press Writer Oil Prices Rise Above $106 a Barrel After Overnight Jump on Lower US Fuel Inventories SINGAPORE (AP) -- Oil prices rose above $106 a barrel Thursday after soaring more than $4 in the previous session as lower U.S. fuel inventories and the further depreciation of the dollar spurred buying.
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