2008-09-30

Platinum

Platinum under... $1,000...

3 articles....


LIBOR off the charts
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/09/libor-off-charts.html

Case-Shiller: House Prices Declined in July
by CalculatedRisk
http://calculatedrisk.blogspot.com/2008/09/case-shiller-house-prices-declined-in.html

What the 700B Bailout Delay Could Mean for Canada
by chrispycrunch
http://chrispycrunch.blogspot.com/2008/09/what-700b-bailout-delay-could-mean-for.html

The Bonddad Blog: Yesterday's Markets

The Bonddad Blog: Yesterday's Markets: "On the 7-year chart, notice we've moved through the 50% retracement level and are moving to the 61.8% level. Simply using Fib ratios we're looking at roughly the 110 area as out next level"

Readings

HOUSING BILL AND HELLICOPTERS

Paulson to Try Again

by CalculatedRisk
http://calculatedrisk.blogspot.com/2008/09/paulson-to-try-again.html

$630 Billion Helicopter Drop from the Fed from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/630-billion-helicopter-drop-from-fed.html

Here's About a Trillion the Fed is Injecting - Why Did They Ask for $700 Billion

http://www.federalreserve.gov/newsevents/press/monetary/20080929a.htm

MARKET PLUNGE 777 points

Stock market crashes
from Interest Rate Roundup by Mike Larson
No, I don't think that's hyperbole. The Dow Jones Industrial Average finished down 777 points, the biggest point loss in history. The previous record was -721.56 set in the immediate aftermath of the 9/11 terrorist attacks. The Standard & Poor's 500 shed 102.90, or roughly 8.5%. That was the worst percentage decline since the October 1987 crash. The Nasdaq Composite lost almost 200 points, or 9.1%.
http://interestrateroundup.blogspot.com/2008/09/stock-market-crashes.html

Largest One Day Declines in the DJIA by Percentage
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/largest-one-day-declines-in-djia-by.html

469 stocks closed at all-time lows today
from uglychart.com: a blog about stocks by Mike
http://feeds.feedburner.com/~r/uglychart/~3/406727465/

Charts in the Babson Style for Blue Monday 29 September 2008
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/charts-in-babson-style-for-blue-monday.html

OTHERS:

Canada gets a Do Not Call list
from Wallstrip » Blog by Wallstrip
http://www.wallstrip.com/2008/09/29/canada-gets-a-do-not-call-list/

2008-09-29

Apple...


Did Stive suddenly died? or is just the bailout?

Bailout bill vote fails

from Interest Rate Roundup by Mike Larson
Wow. Initial bailout bill vote failed 228 "against" vs. 205 "for."

News and Charts for Monday

from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/news-and-charts-for-monday.html

Citigroup to buy Wachovia banking operations

http://biz.yahoo.com/ap/080929/wachovia_citigroup.html

Wachovia shareholders smashed, Wachovia depositors are OK for now, guaranteed by Citi. FDIC pays nothing.

Small Readings...

Gold and silver dealer reports an ‘unprecedented’ shortage of metals
http://www.thepost.ie/post/pages/p/story.aspx-qqqt=MARKETS-qqqm=nav-qqqid=36223-qqqx=1.asp

US Treasury to rely on China and the Middle East to finance bailout?
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/405931792/us-treasury-to-rely-on-china-and-middle_28.html

Net Oil Exports - September 2008 Update
from Net Oil Exports by admin
http://netoilexports.blogspot.com/2008/09/net-oil-exports-september-2008-update.html

Commodities Cycles
by Adam Hamilton
http://www.safehaven.com/article-11377.htm

Dollar Death Ray #1
by Ned W. Schmidt
http://www.safehaven.com/article-11374.htm
FED Bank Credit chart

Spot the "Bubble"!
by Puru Saxena
http://www.safehaven.com/article-11369.htm

2008-09-27

Questionable articles :-)

The Federal Security Service of the Russian Federation is reporting in the Kremlin today that the Bank of England has received from the FED a ‘notice’ that President Bush is preparing to declare an ‘Economic Emergency’ during the week of October 5th and will further announce that the American Presidential election due to be held on November 4th will be ‘indefinitely suspended’.

http://dinapharm.com/store/article_info.php?articles_id=262


Video called "2008 US Election Suspended by October",
but actually is for Russian geopolitics, Osetia's, Israel etc...
Actually there is no one word for election suspentions.
In Russian, but with English subtitles

http://www.youtube.com/watch?v=FEmuXzUpjg0

2008-09-26

Readings before the weekend

Cliff Diving: Wachovia and National City
from Calculated Risk by CalculatedRisk

Wachovia's (WB) stock price is off 22%.
National City (NCC) is off 19%.
With WaMu seized, investors are now asking who is next ...


GLD Chart for Red-Hot Commodity ETFs
from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/gld-chart-for-red-hot-commodity-etfs.html
...and...
another gold chart for peace
from Trend and Value Report by Lucas Elam
http://feeds.feedburner.com/~r/trendandvalue/~3/403818919/another-gold-chart-for-peace.html

Employment Picture is Deteriorating Badly
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/employment-picture-is-deteriorating.html

Welcome to...

Gold coin sales halted by the US Mint (again!)

from Reality Lenses by pej
http://feeds.feedburner.com/~r/RealityLenses/~3/403633295/gold-coin-sales-halted-by-us-mint-again.html

ThanksHank.org


www.ThanksHank.org

Class - Mrs.Emilia


Class is one of my favorite Bulgarian bands with their song from 1992 - Mrs.Emilia

New Google Phone...

Read this now

My new Bulgarian article:
http://www.novini.net/2008/09/washington-mutual.html

Readings

WAMU:

Wamu fails, bailout plan update
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/09/some-late-news-on-wamu-bailout-plan.html

FDIC: WaMu Closed, No Cost to Insurance Fund
by CalculatedRisk
http://calculatedrisk.blogspot.com/2008/09/fdic-wamu-closed-no-cost-to-insurance.html

Paulson Plan Update and JPMorgan WaMu
by CalculatedRisk
http://calculatedrisk.blogspot.com/2008/09/paulson-plan-update-and-jpmorgan-wamu.html

Wamu fails, bailout plan update
by Mike Larson
http://interestrateroundup.blogspot.com/2008/09/some-late-news-on-wamu-bailout-plan.html


BAILOUT:

Ron Paul on bailout
http://www.youtube.com/watch?v=dv6rQ0U01Yc
video, new one

Bill Gross on the Bailout
http://www.youtube.com/watch?v=5UagHZZOQGM
video, new one, he will work for free... almost...

Bill Gross on the Bailout
http://www.cnbc.com/id/15840232?video=867408131
video, republished


OTHERS:

Gold Miners - Routine looking pull back
from Biiwii.com Technical Analysis & Commentary by Gary from biiwii.com
http://feeds.feedburner.com/~r/BiiwiicomNotes/~3/403145438/gold-miners-routine-looking-pull-back.html

New home sales plunge 11.5% in August
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/09/new-home-sales-plunge-115-in-august.html

Fed Puts Pedal to the Metal - Adjusted Monetary Base Rises at Record Levels
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/fed-hits-liquidity-redline-adjusted.html
...or chart directly here...
http://3.bp.blogspot.com/_H2DePAZe2gA/SNxmTnPymPI/AAAAAAAAEf0/d4AS9BNJB5U/s1600-h/monetarypercentchange.png

Investment Banks Help Drive Discount Window Lending to a Record $262 Billion This Week
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/goldman-and-morgan-stanley-help-drive.html

Saudi Arabian Oil Production (rising)
from Net Oil Exports by admin
http://netoilexports.blogspot.com/2008/09/saudiprod092608.html

Precious Metals in the Physical Realm
by David Morgan
http://www.safehaven.com/article-11363.htm

Investors raiding their 401k accounts
from The Mess That Greenspan Made by noreply@blogger.com (Tim)
http://themessthatgreenspanmade.blogspot.com/2008/09/investors-and-their-401k-money.html


In Bulgarian for BG Moody's credit rating:

Различен поглед
from Блогът за икономика by Георги Ангелов
http://ikonomika.org/?p=1508

Какво каза Мудис?
from Блогът за икономика by Георги Ангелов
http://ikonomika.org/?p=1509

2008-09-25

Jim Rogers video interview with Bloomberg

mms://media2.bloomberg.com/cache/vbGb5KNYrBKo.asf

If copy/paste in Internet Explorer not work,
try paste in Windows Media Player or WinAmp.

Readings No.2

(Dow) Rally likely
from Biiwii.com Technical Analysis & Commentary by Gary from biiwii.com
http://feeds.feedburner.com/~r/BiiwiicomNotes/~3/402726877/make-way-for-piggy.html

China Admits to Currency Manipulation, Dictates Terms for Support of US Sovereign Debt
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/china-admits-to-currency-manipulation.html

Thursday Oil Market Round-Up
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/thursday-oil-market-round-up_25.html

Marc Faber on the $700B

http://cosmos.bcst.yahoo.com/up/player/popup/index.php?cl=9893531

Hey Marc wear normal tie ?!?! :-)

Two videos for subprime and credit crisis...

Old but gold - Bush @ 2002


THEY WANT MAMA TO MAKE IT ALL BETTER! Rep Kaptur

Readings

Fitch cuts WaMu to Junk
from Calculated Risk by CalculatedRisk
From MarketWatch: Fitch cuts WaMu long-term issuer default rating to junk. Is it Friday yet?

Bank Run in Asia
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/401981638/bank-run-in-asia.html

Buffett: Paulson Plan "Absolutely Necessary"
from Calculated Risk by CalculatedRisk
http://calculatedrisk.blogspot.com/2008/09/buffett-paulson-plan-absolutely.html

China Regulator Bans Lending to US Banks Because of Default Risk
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/china-banking-regulator-bans-lending-to.html

OPEC oil output expected to drop
http://www.thestar.com/Business/article/504937

Silver market fixing under official investigation
from Peter J. Cooper's Weblog by peterjcooper
http://arabianmoney.net/2008/09/25/silver-market-fixing-under-official-investigation/
This is potentially the biggest thing to hit the silver market since the Hunt Brothers tried to corner the market in the late 1970s. Once the short positions are removed then the upside for silver is parabolic.

Ron Paul and Jim Rogers: Socialism for the rich
from uglychart.com: a blog about stocks by Mike
http://feeds.feedburner.com/~r/uglychart/~3/401942382/

2008-09-24

Readings

Marc Faber Video
http://www.cnbc.com/id/26848829

Revealed: Short-seller who bet almost ?1bn against British banks
The billionaire John Paulson has been named as one of the hedge-fund managers who made money by betting that the share prices of UK banks, including HBOS, would fall
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3070667/Revealed-Short-seller-who-bet-almost-1bn-against-British-banks.html

Target for HUI & GDX chart
from Biiwii.com Technical Analysis & Commentary by Gary from biiwii.com
http://feeds.feedburner.com/~r/BiiwiicomNotes/~3/400982778/target-for-hui-gdx-chart.html

Financial crisis: Does the US face a full-scale run on its currency?
By: Ambrose Evans-Pritchard
http://blogs.telegraph.co.uk/ambrose_evans-pritchard/blog/2008/09/23/financial_crisis_does_the_us_face_a_fullscale_run_on_its_currency
Telegraph.co.uk sums the billions too.

Report: FBI Investigates Four Companies in Credit Crisis
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/401481819/report-fbi-investigates-four-companies.html
...and...
FBI Looking for Financial Misdeeds on Wall Street
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/may-as-well-throw-cordon-around.html
did not read it, but read same in Bulgarian

Report: Hedge funds suffer mass redemptions
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/400978630/report-hedge-funds-suffer-mass.html

Buddy Can You Spare $5,000,000,000,000.00?
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/buddy-can-you-spare-500000000000000.html

Charts in the Babson Style for Tuesday 23 September
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/charts-in-babson-style-for-tuesday-23.html

U.S. Government: The World's Largest Homeowner
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/401349045/us-government-worlds-largest-homeowner.html

Buffett buys into Goldman, will he buy silver again?
from Peter J. Cooper's Weblog by peterjcooper
http://arabianmoney.net/2008/09/24/buffett-buys-into-goldman-will-he-buy-silver-again/

Energy News Roundup
from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/energy-news-roundup.html
- Mexican oil production falls 9 percent
- Saudis Cut Oil Sales To Large Global Customers - US Refiner
- China's August Oil Demand Strong But Outlook Muted

OTHER:

Google phone to cost $179, debut Oct. 22

http://apnews.myway.com//article/20080923/D93CH3AO0.html

2008-09-23

Old but Gold: Who owns the Federal Reserve?

From: http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#5
Who owns the Federal Reserve?
The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.

As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as "independent within the government."

The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation's central banking system, are organized much like private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

Conclusion -
Yes but No, not really, but sort of...
:-)

FSC and SEC ruling - Thats someting new?

Dear Clients,

Due to FSC and SEC ruling we will restrict short sales from 23.09.2008 for the following companies:

United States of America

ACE - Ace Ltd.
AFL - Aflac Inc
AIG - American International Group
ALL - Allstate Corp
AXP - American Express Company
BAC - Bank of America Corp
BBT - BB & T Corporation
BEN - Franklin Resources Inc
BK - Bank of New York Co Inc
C - Citigroup Inc
CB - Chubb Corp
CI - Cigna Corp
CIT - CIT Group Inc-A
COF - Capital One Financial Corp
FITB - Fifth Third Bancorp
FNM - Fannie May
FRE - Freddie Mac
GE - General Electric Co
GM - General Motors Corp
HIG - Hartford Financial Svcs Grp
ICE - Intercontinental Exchange Inc
JPM - J.P. Morgan Chase & Co
KEY - Keycorp
MCO - Moody's Corp
MMC - Marsh & McLennan COS
MS - Morgan Stanley Dean Witter & Co.
NCC - National City Corp
PGR - Progressive Corp
SLM - SLM Corp
STI - Suntrust Banks Inc
STT - State Street Corp
UNH - Unitedhealth Group Inc
USB - U.S. Bancorp
V - Visa Inc
WB - Wachovia Corp
WFC - Wells Fargo & Company
WLP - Wellpoint Inc
WM - Washington Mutual Inc

United Kingdom

AL/u - Alliance and Liecter Plc
ATST/u - Alliance Trust Plc
BARC/u - Barclays Plc.
BB/u - Bradford & Bingley
HSBA/u - HSBC Holdings Plc
LGEN/u - Legal and General Group Plc
LLOY/u - Lloyds TSB Group Plc
OML/u - Old Mutual Plc
PRU/u - Prudential Plc
RBS/u - Royal Bank of Scotland Group Plc
RSA/u - Royal and Sun Alliance Insurance Group Plc
STJ/u - ST James's Place Plc


We wish you successful trading!

Deltastock Inc.

Readings + SEO :)

NEW:

Are Commodities Bottoming? Keep Your Eye on the Dollar
from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/are-commodities-bottoming-keep-your-eye.html

A Big, Inter-Market Post
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/big-inter-market-post.html

BEFORE:

Huey - panic (in a good way)
from Biiwii.com Technical Analysis & Commentary by Gary from biiwii.com
http://feeds.feedburner.com/~r/BiiwiicomNotes/~3/399877463/huey-panic-in-good-way.html

Goldman Sachs and Morgan Stanley May Be Primary Beneficiaries of the Bailout
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/goldman-sachs-and-morgan-stanley-are.html

US Dollar Charts for Monday 22 September
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/us-dollar-charts-for-monday-22.html

Bank of America Says "Paulson Plan Benefits Mostly Goldman, Morgan"
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/400357936/bank-of-america-says-paulson-plan.html

A nation of morons, led by idiots
from NakedShorts by Greg Newton
http://nakedshorts.typepad.com/nakedshorts/2008/09/a-nation-of-morons-led-by-idiots.html

Dubai buys into top Australian gold junior (Citigold)
from Peter J. Cooper's Weblog by peterjcooper
http://arabianmoney.net/2008/09/23/dubai-buys-into-top-australian-gold-junior/

A new high for the gold ETF - it's all there, right?
from The Mess That Greenspan Made by noreply@blogger.com (Tim)
http://themessthatgreenspanmade.blogspot.com/2008/09/new-high-for-gold-etf-its-all-there.html
(tonnage of GLD)

MISC:

Octoberfest gallery :)
http://e-vestnik.bg/4672

SEO:

Dynamic vs static URL's
http://googlewebmastercentral.blogspot.com/2008/09/dynamic-urls-vs-static-urls.html

2008-09-22

Bank holding company: breaking it down

GS article on WallStrip
http://www.wallstrip.com/2008/09/22/bank-holding-company-a-breakdown/
Include (funny) video from last old days back in DEC-2006 :-)

Ok what we have... $ 1,800,000,000,000.00 ... for now

We have 1.8 Trillion Bailout ( same from Mish ).

Gold is over $900, Oil hits $130 and now is ~120.
HUI ~ 9% up. EUR/USD ~ 1.48...
Stocks in Dow thumble almost 400 points - 3+ %.
The finance overweight SPX is already 4% down.

Short selling on 799 financial stocks are disabled, Naked shorts are finally disabled (hmmm), Gold margin requirements is already increased too - however I think this have somewhat good effect too.

John Williams is right - massive inflation was just created. There are 1,800,000,000,000.00 reasons why all this happens. Only thing I don't understand is whay stocks are down, I still believe they must be propelled up as well. May be we will have stocks flying tomorrow again.


EUR/USD:

Here I did some technical analysis on EUR/USD pair - weekly chart -

The old wedge was broken in "incorrect" way on the up side. The resistance was turnes suppor, then broken. Today we have same line broken - Hello :-)

Note it very depends how the line is projected. Better wait a little bit more until 1.52 before do anything :-)

AIG's ex-CEO refuses $22 million severance payout

http://biz.yahoo.com/rb/080922/financial_aig_willumstad.html


Reuters
American International Group Inc's (NYSE:AIG) former Chief Executive Robert Willumstad has rejected a $22 million severance payment, the Wall Street Journal reported, citing a person familiar with the decision.
Willumstad e-mailed his successor, Edward Liddy, of his decision to forego the severance since he was not able to execute the restructuring plan he had developed, the paper said.

The newspaper also reported major shareholders concerned about the government takeover were planning to meet on Monday to discuss alternatives to the federal bailout, citing a person familiar with the matter.

AIG and Robert Willumstad could not be immediately reached for comment.

Video readings :)

Ron Paul on CNN for US economy


Ron Paul on the bailout


Ron Paul on CNBC



Uncle Jay Explains the News
DON'T PANIC! The fundamentals are sound! Uncle Jay has no idea what that means but everybody says that.

Readings

From Economist:

I. Goldman and Morgan back to "normal" banking.

Goldman, Morgan Become Bank Holding Companies, Ending Era
By Steven Sloan
Sunday, September 21, 2008
http://jessescrossroadscafe.blogspot.com/2008/09/goldmans-sachs-and-morgan-stanley-to.html

Last major investment banks change status
Monday September 22, 6:16 am ET
By Martin Crutsinger, AP Economics Writer
Federal Reserve changes status of Goldman Sachs and Morgan Stanley to bank holding companies
http://biz.yahoo.com/ap/080922/bank_change.html

Goldman Sachs, Morgan Stanley to Become Bank Holding Companies
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/399387209/goldman-sachs-morgan-stanley-to-become.html

Fed: Goldman Sachs, Morgan Stanley to be Bank Holding Companies
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/399379618/fed-goldman-sachs-morgan-stanley-to-be.html



II. Misc news

Lehman and that $8 billion
from Bearwatch by noreply@blogger.com (SACKERSON)
http://feeds.feedburner.com/~r/Bearwatch/~3/399526349/lehman-and-that-8-billion.html

Lehman administrators have filed a court order for the return of $8bn that was transferred from the UK to the US just before the firm's failure. The radio news this weekend said (my phrasing) that it was Lehman's practice to park the money in the US overnight to earn interest.

Another prophet foresees market panic
from Bearwatch by noreply@blogger.com (SACKERSON)
Thus Jim in San Marcos
http://feeds.feedburner.com/~r/Bearwatch/~3/399051383/another-prophet-foresees-market-panic.html

This week, look for a serious drop in the DJIA of 4,000 to 6,000 points and the close of the stock market for a week or two.

Charts in the Babson Style for Week Ending 19 September 2008
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/charts-in-babson-style-for-week-ending_19.html

US Dollar Weekly Charts
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/us-dollar-weekly-charts_19.html

Washington declares war on debt crisis!
Urgent Q & A

by Martin D. Weiss, Ph.D.
http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=2283

The Moral Hazards of This Week's Events
by Jack Crooks
http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=2287
Last week "things" in review.

Traders Say: "the Dollar Will Get Crushed"
http://jessescrossroadscafe.blogspot.com/2008/09/traders-say-dollar-may-get-crushed.html

Welcome To The USSA
http://market-ticker.denninger.net/archives/586-Welcome-To-The-USSA.html
article is too messy to understand.

What Credit Crisis?
http://chrispycrunch.blogspot.com/2008/09/what-credit-crisis-business-reports.html

"You're so far past the line that you can't even see the line! The line is a dot to you!"
from Reality Lenses by pej
http://feeds.feedburner.com/~r/RealityLenses/~3/398824510/youre-so-far-past-line-that-you-cant.html

What's Up With Oil
from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/oil-got-big-boost-today-thanks-to.html

Nice Finish to Gold ... ARGH!
from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/nice-finish-to-gold-argh.html

An act of desperation? (UPDATED ... again)
from The Mess That Greenspan Made by noreply@blogger.com (Tim)
http://themessthatgreenspanmade.blogspot.com/2008/09/act-of-desperation.html

Higher bills for the U.S., higher prices for gold
from The Mess That Greenspan Made by noreply@blogger.com (Tim)
http://themessthatgreenspanmade.blogspot.com/2008/09/higher-bills-for-us-higher-prices-for.html

WaMu: Talks Continuing
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/399450705/wamu-talks-continuing.html



III. Safe haven

Paulson Goes All In
by Peter Schiff
http://www.safehaven.com/article-11292.htm

Gold/Silver/USD Market Update
by Clive Maund
http://www.safehaven.com/article-11311.htm
...and...
http://www.safehaven.com/article-11310.htm

Nightmare On Wall Street
by David Chapman
http://www.safehaven.com/article-11317.htm



IV. In Bulgarian:

Барак Обама - социализъм с усмивка
Barak Obama - wrapping socialism in a smile
http://kaka-cuuka.com/561

Google banner

Interesting Offtopic

Google calc gets it wrong:
http://www.google.com/search?hl=en&q=2999999999999999+-+2999999999999998+&btnG=Google+Search&aq=f&oq=


Web

2 999 999 999 999 999 - 2 999 999 999 999 998 = 0

More about calculator.
Search for documents containing the terms 2999999999999999 - 2999999999999998.

2008-09-21

The World is not enought

Paulson resists calls for added help in bailout
September 21, 11:30 am ET
Treasury chief resists Democratic push to add more help for households to $700B bailout
http://biz.yahoo.com/ap/080921/financial_meltdown.html

WTF?!?!
$700,000,000,000.00 rescue plan may not save some troubled banks...

2008-09-20

Rescue plan seeks $700B to buy bad mortgages

Saturday September 20, 12:18 pm ET
By Julie Hirschfeld Davis, Associated Press Writer
Bush rescue plan seeks $700B for to buy bad mortgages, would raise limit on national debt
http://biz.yahoo.com/ap/080920/financial_meltdown.html

2008-09-19

Two articles

Did Bernanke Panic? And Where Are We Going?

"We have lost control," said Hale, quoting Bernanke. "We cannot stabilize the dollar. We cannot control commodity prices."
http://jessescrossroadscafe.blogspot.com/2008/09/did-bernanke-panic.html

Weep For The Free Market

The Federal Government just declared war on short sellers.
Will it help the real economy? No sir.
Will it help the value of my house? Nope.
Will it blow up hedge funds? Yep.
Is it a selling opportunity? You betcha.
Will the rally last ? No.
Will earnings increase? Actually I think they will fall.
http://globaleconomicanalysis.blogspot.com/2008/09/weep-for-free-market.html

Russian stocks close more than 20 percent higher

Congrats Commarades.

What did you expect if you pour 20 bilion dollars? :-)

However-

3 days ago - 17%
2 days ago - 10%
yesterday - flat.

...I believe exchange is 7% underwater?!?

... or more depends what period you looking for ... minus 60% ?!?!

Russian exchange:
http://www.rts.ru/

Another Late-Summer Natural Gas Low?

http://www.safehaven.com/article-11283.htm

Another weekend song for Rick

Financials - GS, MS, FNM, FRE, AIG

It's an illusion.

Despite the drop yesterday, and despite (or may be because) of hundred of billions pour in the market, those two stocks are flat for the week.

Fanny - almost flat, Freddie - 20% up :)

Formal Dow component AIG - 60% down...

Law of Supply & Demand Is Dead for Gold & Silver

They said this is good article. Will read it... these days, too long for today... :)

http://seekingalpha.com/article/95496-law-of-supply-demand-is-dead-for-gold-silver?source=front_page_most_popular_articles

Afternoon readings

Treasury to Insure Money-Market Funds
by CalculatedRisk
http://calculatedrisk.blogspot.com/2008/09/paulson.html

Treasury to Insure Money-Market Funds
by CalculatedRisk
http://calculatedrisk.blogspot.com/2008/09/treasury-to-insure-money-market-fund.html

Armageddon Postponed - Fed Intervenes In Money Markets
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/397249023/armageddon-postponed-fed-intervenes-in.html

Goodbye, Free Market! SEC Says It Will Ban Short-Selling on Financial Stocks!
from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/goodbye-free-market-sec-says-it-will.html

Gold ETF (AMEX: GLD) Looks Set To Crash and Burn On Friday
http://www.joe-duarte.com/saved_newsletters/2008_09/080919PR.html
nice chart

Terror Attack on US Financials? Details of SEC Short Ban
http://bigpicture.typepad.com/comments/2008/09/terror-attack-o.html
MUST READ!!!

Federal Government Will Take Bad Assets
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/federal-government-will-take-bad-assets.html
if you follow him, pls read

Government Yells "FIRE" in Crowded Movie Theater
from The Great Depression of 2006 by Jim in San Marcos
The post said:
>>>Stock market is going ballistic. It might just be time to head for the exits.
I agree...

The Fed Is Relevant…. For Now…. However…..

Good article from my friend Doug Eberhardt
http://youcanmakeadifference.org/fedup/archives/26

Minefinders up.

May be (naked) short selling rule is working, becuse MFN is ~10% up.
However a colege told me most of shorts were covered @ $5-$6 last week.
I am waiting for Marc's interview tomorrow...

Petrobras spiked up...

Petrobras spiked up to $50, but then fall.
Currently ~ $44-45 (10% up)

There is no news on this event yet, but I noted oil was $102 at that moment.

Weekend song - Goodbye Rick


Hey you, out there in the cold
Getting lonely, getting old
Can you feel me?
Hey you, standing in the aisles
With itchy feet and fading smiles
Can you feel me?
Hey you, dont help them to bury the light
Dont give in without a fight.

Hey you, out there on your own
Sitting naked by the phone
Would you touch me?
Hey you, with you ear against the wall
Waiting for someone to call out
Would you touch me?
Hey you, would you help me to carry the stone?
Open your heart, Im coming home.

But it was only fantasy.
The wall was too high,
As you can see.
No matter how he tried,
He could not break free.
And the worms ate into his brain.

Hey you, standing in the road
Always doing what youre told,
Can you help me?
Hey you, out there beyond the wall,
Breaking bottles in the hall,
Can you help me?
Hey you, dont tell me theres no hope at all
Together we stand, divided we fall.

Well, only got an hour of daylight left. better get started
Isnt it unsafe to travel at night?
Itll be a lot less safe to stay here. youre fathers gunna pick up our trail before long
Can loca ride?
Yeah, I can ride... magaret, time to go! maigret, thank you for everything
Goodbye chenga
Goodbye miss ...
Ill be back

We are all Pakistani's now...

Short selling ban.

Did you read correct? Yes. Short selling, not Naked short selling.
Is done in US and UK copy the rule imediately after that as usual.

Yesterday I posted a comment that Anti-Naked short selling rules are actually very good, however today, I can not dissagree that the ban of short selling is just like what they did in Pakistan.

We are all Pakistani's now... :o)

US:

SEC Bans Short Selling of Financial Stocks
by CalculatedRisk
http://calculatedrisk.blogspot.com/2008/09/sec-bans-short-selling-of-financial.html

Peak Insanity: SEC Plans to Temporarily Ban Short-Selling
by Mish
http://globaleconomicanalysis.blogspot.com/2008/09/peak-insanity-sec-plans-to-temporarily.html

SEC Issues Emergency Order - Bans All Short Selling of 799 Financial Stocks
by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/sec-issues-emergency-order-bans-all.html

UK:

Britain Bans Short-Selling Citing 'Extreme' Market Climate
by Mish
http://globaleconomicanalysis.blogspot.com/2008/09/britain-bans-short-selling-citing.html

UK Bans All Short - Selling of Financial Shares Until 2009
by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/uk-bans-all-short-selling-of-financial.html

Busy

Yesterday I publish this
http://nmmmnu.blogspot.com/2008/09/ppt.html
Looks like PPT did good job, so yesterday das borse closed ~300 points or so up.

Everything looks to me very inflationary, today Paulson said they pour "some hundred bilions", we will see.

Ah, yes - short selling is ban, not only in USSR-US, but in USSR-UK too. More for this in next post.

More - dominoes began to fall. Lehman broke because of Freddie. Now Freddie post loses because of Lehman. Unbeliveble.

Today I was very busy to renew domains (for more than $1,200 :-) ), so I had no way to post my readings.

Anyway, here you are:




Readings:

Huey hears the Hueys
from Biiwii.com Technical Analysis & Commentary by Gary from biiwii.com
http://feeds.feedburner.com/~r/BiiwiicomNotes/~3/396130129/huey-hears-hueys.html

It's raining dollars, hallelujah
by Mike Larson
http://interestrateroundup.blogspot.com/2008/09/its-raining-dollars-hallelujah.html

China, Russia Intervene In Equity Markets
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/396324091/china-russia-intervene-in-equity.html

And you thought G. W. Bush had badly hurt the United States?
http://realitylenses.blogspot.com/2008/09/and-you-thought-g-w-bush-had-badly-hurt.html

Senator Schumer Proposes One Of the Dumbest Ideas Yet
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/senator-schumer-proposes-one-of-dumbest.html

Checking in on the inventory at the silver ETF
from The Mess That Greenspan Made by noreply@blogger.com (Tim)
http://themessthatgreenspanmade.blogspot.com/2008/09/checking-in-on-silver-etf-inventory.html
nice chart as he usuallu do

Focused on Gold
from Trend and Value Report by Lucas Elam
http://feeds.feedburner.com/~r/trendandvalue/~3/396987937/focused.html
interesting gold chart. but how he did it - nobody knows :)

Freddie Mac Suffers Losses - Was Making Large Loans to Lehman
http://jessescrossroadscafe.blogspot.com/2008/09/freddie-mac-suffers-losses-was-making.html
Dominoes...

2008-09-18

PPT

So much ammunitions and Dow up only 33 points,
even they removed evil AIG from Dow...

Where is Plunge Protection Team when we need them?!?!?

2008-09-17

Central Banks Announce Global Coordinated Liquidity Measures

http://globaleconomicanalysis.blogspot.com/2008/09/central-bank-global-coordinated.html

Readings and news

$100 bounce of gold price.

Financial stocks smashed. Were is PPT when we need them? :o)

Wachovia considering merger with Morgan Stanley.

My Bad -- It's $900 Billion We're On the Hook For
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/my-bad-its-900-billion-were-on-hook-for.html

And Yet More Shit Hits the Fan
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/and-yet-more-shit-hits-fan.html
WaMu and Wachovia

FDIC Assurance Insurance, a Failure
from The Great Depression of 2006 by Jim in San Marcos
http://greatdepression2006.blogspot.com/2008/09/fdic-assurance-insurance-failure.html
Stockexchange shutdown explained.
My oppinion is that stockexchange shutdown is a good thing. Today lot of trades are made from computers. Lot of traders are made from Cramericans, who are even dumber than computers.
The events from 1987 are computer made. If there were no computers trading then, the exchange could not fall that much.

Gold ETF inventory increases by 37 tonnes
from The Mess That Greenspan Made by noreply@blogger.com (Tim)
http://themessthatgreenspanmade.blogspot.com/2008/09/gold-etf-inventory-increases-by-37.html
nice chart

Deja vu? LET'S HOPE NOT!
BY CHRIS PUPLAVA
http://www.financialsense.com/Market/cpuplava/2008/0917.html

The Death of Paper Money
by Douglas V. Gnazzo, Honey Money Report
http://www.financialsense.com/fsu/editorials/gnazzo/2008/0917.html
Nice little article from Doug

The End of Central Banks (Gold) Selling.
http://www.24hgold.com/viewarticle.aspx?langue=en&articleid=317991_The+End+of+Central+Bank+Selling%3F

Dumbest Merger Proposal In History: Wachovia + Morgan Stanley
http://globaleconomicanalysis.blogspot.com/2008/09/dumbest-merger-proposal-in-history.html
dont understand the article ;)

Charts In the Babson Style At Midweek 17 September 2008
http://jessescrossroadscafe.blogspot.com/2008/09/charts-in-babson-style-at-midweek-17.html

The Last Bubble in this Credit Cycle is ... the USD
http://jessescrossroadscafe.blogspot.com/2008/09/last-bubble-in-this-credit-cycle.html

BSE

Today I load some possition on BSE (BG Stock Exchange),
we will see what will happen there.

ATERA, ADVEQ, SFARM, OTZK, FIB

(sorry if I misspell some tickers)

SFARM @ 3 lv.
FIB @ 5 lv.
Can you believe it ;)

Picture from 12.JUL.2000

Greenspan and Greenberg @ 2000 discussing "The next financial crisis"

German Bank KfW Handed Lehman €300 Million Hours Before Bankruptcy

Das ist fantastisch :o)

http://jessescrossroadscafe.blogspot.com/2008/09/german-bank-kfw-handed-lehman-300.html

Germany angered at last-minute loss in Lehman crash

Sep 17, 2008, 8:55 GMT
Reports that Germany's federal-government bank KfW handed over 300 million euros (420 million dollars) to Lehman Brothers only hours before the US investment bank failed, a newspaper said Wednesday.

Financials

Morgan Stanley off 32%.

Goldman Sachs off 21%.

Wachovia is off 25%.

WaMu is only off 10%.

Even GE is off 9%.

SEC for Naked Short Selling

SEC Issues New Rules to Protect Investors Against Naked Short Selling Abuses
http://www.sec.gov/news/press/2008/2008-204.htm

I believe, this is the reason gold is up.

Old but gold: Pakistan acts to halt market's plunge

Pakistan acts to halt market's plunge
http://www.iht.com/articles/2008/08/28/business/limit.php

Честит имен ден София!!!

Честит имен ден София!!!

Gold 800 again

It happen @ 16:45 my time.

Here are the news :

SEC SAYS WILL REQUIRE TRADERS WHO SHORT STOCK TO DELIVER SECURITIES AT SETTLEMENT DATE

SEC SAYS PENALTIES INCLUDE PROHIBITION OF FURTHER SHORT SALES IN SAME SECURITY

SEC SAYS PENALTIES INCLUDE PROHIBITION OF FURTHER SHORT SALES IN SAME SECURITY

also several messages for BOE helicopter drops (can't copy/paste it)

Russian borse shut down again.

Bloomberg just reports that Russian stock exchange shutted down again after 10% decline.

This is yesterday's message from Jesse, about shut down after 17% decline.
http://jessescrossroadscafe.blogspot.com/2008/09/russian-stock-market-halts-trading.html

AIG: Another day, another bailout.

AIG deal is done. The company is nationalized.

Ask and shall be given.

AIG asked for $40B, received $85B. Apparently AIG is another one who is too big to fail.

US government and FED are now in insurance business too, owning 79.9% of AIG. Shareholder receive once again ... nothing.

Who will pay these $85 billions? Could be US taxpayer or money can be just printed - in such case, all USD holders will pay.

Next move from FED must be to allow someone to fail... again. May be WaMu?

Government saves AIG with $85 billion loan, takes 80 percent stake in battered insurance giant
http://biz.yahoo.com/ap/080917/aig.html

News

Russian Stock Market Halts Trading After a 17% One Day Decline
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/russian-stock-market-halts-trading.html
Usually these drops are related to computer trading systems.
Note, NYSE has similar shutdown rule, but is 10% of DJIA index.

Nigerian militants say Shell pipeline destroyed
LAGOS (AFP) - A Nigerian rebel group said Tuesday it had blown up and destroyed a Royal Dutch Shell pipeline in the latest attack in its "oil war" on western firms.
http://www.afp.com/english/news/stories/newsmlmmd.be58bf037a3e2d17656abca4abad1a30.21.html

Price of oil drops, gas rises…what?
http://www.wallstrip.com/2008/09/16/price-of-oil-drops-gas-riseswhat/#comment-65843

The AIG Deal In Detail

Best AIG article published last 2 days. Must read.
The Bonddad Blog: The AIG Deal In Detail

2008-09-16

Internet Bots: Anatomy of a Stock Selling Frenzy

How United Airlines' stock dropped from $12.50 to $3 per share in the matter of 15 minutes:
http://www.hothardware.com/News/Internet-Bots-Anatomy-of-a-Stock-Selling-Frenzy/Default.aspx

I don't follow airline stocks, but this is amazing. This shows why you need to trade fundamentally and "calm" looking at the long term.

Goodbye Richard Wright

Kinross Now Owns 90.7% of Aurelian Shares

http://biz.yahoo.com/iw/080916/0434147.html

Message from my CFD broker

Dear Clients,

Due to changes in the underlying markets, from 17.09.2008 the following companies will be stopped for trading in Delta Trading:

Lehman Brothers Holdings Inc. LEH
Merrill Lynch & Co., Inc. MER
Amer INTL Group INC AIG
Freddie Mac FRE
Fannie Mae FNM

We wish you successful trading!

Readings

Dow down 500 points, under 11,000 mark...

S&P Lowers WaMu Credit Rating to Junk
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/393575290/s-lowers-wamu-credit-rating-to-junk.html

AIG Deal before U.S. Market Open?
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/393765948/aig-deal-before-us-market-open.html

Charts in the Babson Style for 15 September 2008
http://jessescrossroadscafe.blogspot.com/2008/09/charts-in-babson-style-for-15-september.html

FOMC Rate Decision Tomorrow
15 September 2008
http://jessescrossroadscafe.blogspot.com/2008/09/hewlett-packard-to-cut-24600-jobs-or-75.html
...and...
A rate cut tomorrow?
from The Mess That Greenspan Made by Tim
http://themessthatgreenspanmade.blogspot.com/2008/09/rate-cut-tomorrow.html


Free market is a joke in the corrupt United Socialist States of America
from Reality Lenses by pej
http://feeds.feedburner.com/~r/RealityLenses/~3/393610460/free-market-is-joke-in-corrupt-united.html

Keep Your Eyes Open
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/keep-your-eyes-open.html

2008-09-15

Sir Alan on LEH and other things.

Video interview with Alan Greenspan on so called "on in a century problem"...
http://abcnews.go.com/video/playerIndex?id=5798760

Честит ви 15 Септември :)

Честит 15 Септември на всички ученици и учители!!!

Incredible but fact

Oil trading under $100 mark,
Meanwhile Mish writting for Oil shortages...

Bank of America buys Merrill - $50 billion

Another shoe to drop...

Monday that it has bought Merrill Lynch in an all-stock deal valued at as much as $50 billion.
The purchase price would value the company at more than $29 a share, at least a 70% premium from Merrill's closing price on Friday of $17.05.
http://money.cnn.com/2008/09/14/news/companies/merrill_bofa_talks/index.htm?cnn=yes

Readings from Safe Haven

Honest Money Gold and Silver Report: Market Wrap
by Douglas V. Gnazzo
http://www.safehaven.com/article-11235.htm

Gold/Silver/USD Market Update
by Clive Maund
http://www.safehaven.com/article-11232.htm
and
http://www.safehaven.com/article-11231.htm

Commodities and Oil
by Adam Hamilton
http://www.safehaven.com/article-11219.htm

Freaky weekend ... again :)

Wall Street awakes to 2 storied firms gone
http://biz.yahoo.com/ap/080915/financial_meltdown.html
Ta da ... surprize ... LEH is officially bankrupt.

Monday market madness
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/09/monday-market-madness.html
LEH, BofA, AIG

Lehman Intends to File Bankruptcy
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/392899970/lehman-intends-to-file-bankruptcy.html
and
http://feeds.feedburner.com/~r/CalculatedRisk/~3/392860663/lehman-aig-late-night.html
and
http://feeds.feedburner.com/~r/CalculatedRisk/~3/392776566/summary-thread-lehman-aig-bofa-buys.html
and
http://feeds.feedburner.com/~r/CalculatedRisk/~3/392755770/aig-rejects-private-equity-asks-fed-for.html
official messages for LEH and AIG

Fed Announces New Liquidity Initiatives
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/392764327/fed-announces-new-liquidity-initiatives.html

AIG to Sell Assets, Seeks $40 Billion to Avoid Bankruptcy, Bridge Loan from the Fed
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/aig-to-sell-assets-seeks-40-billion-to.html

AIG wants $40B from Fed; Market Cap is $32B
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/392876435/aig-wants-40b-from-fed-market-cap-is.html
and
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/392779815/aig-struggling-to-stay-alive-begs-fed.html

Lehman to Declare Bankruptcy with Backstops Insuring "Orderly Liquidation"
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/lehman-to-declare-bankruptcy-with.html

Roubini Says U.S. at Start of 'Very Severe' Bank Crisis
http://www.bloomberg.com/avp/avp.htm?N=adviser&T=Roubini%20Says%20U.S.%20at%20Start%20of%20%60Very%20Severe'%20Bank%20Crisis&clipSRC=mms://media2.bloomberg.com/cache/vmUV7PR4JGX8.asf
video

The Hidden Bailout Of $1.4 Trillion In The Hidden Bailout Of $1.4 Trillion In
http://the-great-retirement-experiment.com/Products/Hidden%20Bailout%20091008.htm
inflationista theory

Bring on the next bubble
By Gary
http://biiwii.blogspot.com/2008/09/bring-on-next-bubble.html
Gold Stock bubble?

Back to the Big Picture
By Gary
http://www.biiwii.com/prem/biiwiiletter.htm

HUI weekly - possible road map
By Gary
http://biiwii.blogspot.com/2008/09/hui-weekly-possible-road-map.html

China Seeks to Reduce Its Exposure to Dollar Assets
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/china-seeks-to-reduce-its-exposure-to.html


Charts in the Babson Style
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/charts-in-babson-style-for-week-ending_12.html
and
http://jessescrossroadscafe.blogspot.com/2008/09/us-dollar-weekly-chart-with-commitments_12.html

JPM Said to be in Advanced Talks to Buy Washington Mutual
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/jpm-said-to-be-in-advanced-talks-to-buy.html

XL Airline Goes Under, Alitalia Close To Bankruptcy
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/390837704/xl-airline-goes-under-alitalia-close-to.html

Gasoline Shortages And Higher Prices Likely Headed Your Way
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/392007109/gasoline-shortages-and-higher-prices.html

U.S. Foreclosures Hit Record; NV, CA, AZ, FL Lead The Way
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/390862520/us-foreclosures-hit-record-nv-ca-az-fl.html
Interesting, Oil is under $100 mark.

Now buy gold and silver to profit from the Wall Street crash!
from Peter J. Cooper's Weblog by peterjcooper
http://arabianmoney.net/2008/09/15/now-buy-gold-and-silver-to-profit-from-the-wall-street-crash/

Gold vs Gold (Paper vs Physical)
from Reality Lenses by pej
http://feeds.feedburner.com/~r/RealityLenses/~3/390826687/gold-vs-gold-paper-vs-physical.html

Jamie Dimon regrets the purchase of Bear Stearns and paradox of deleveraging
from The Yellow Brick Road by Andy Bebut
http://yellowroad.wallstreetexaminer.com/blogs/2008/09/13/jamie-dimon-regrets-the-purchase-of-bear-stearns-and-paradox-of-deleveraging/
...or directly the MP3 (8.6 MB) ...
http://media.bloomberg.com/bb/avfile/Economics/On_Economy/vkZ0W2_u1U8Y.mp3

2008-09-12

Song for the weekend: Shantel - Bucovina

Shantel - Bucovina
Shantel is German, song is Romanian :-)

links for today

Critical Q & A!
by Larry Edelson 09-11-08
http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=2217

Bloomberg: Senators Ask Fannie / Freddie to Freeze Foreclosures
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/389921395/bloomberg-senators-ask-fannie-freddie.html

WaMu: $4.5 Billion in Loan Loss Provisions, Fitch Downgrades
from Calculated Risk by CalculatedRisk
http://calculatedrisk.blogspot.com/2008/09/wamu-45-billion-in-loan-loss-provisions.html

Bailouts, bailouts everywhere
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/09/bailouts-bailouts-everywhere.html

Gold will shine after dark times
from Peter J. Cooper's Weblog by peterjcooper
http://arabianmoney.net/2008/09/11/gold-will-shine-after-dark-times/

First impacts of wiping out the preferred stocks of Fannie & Freddie
from Reality Lenses by pej
http://feeds.feedburner.com/~r/RealityLenses/~3/390041811/first-impacts-of-wiping-out-preferred.html
OPSA... MUST READ

The Fed is long financials/short commodities
from Reality Lenses by pej
http://feeds.feedburner.com/~r/RealityLenses/~3/389775783/fed-is-long-financialsshort-commodities.html
Don Coxe view, here are the full webcast (replace tildes with slashes):
events.startcast.com~events~199~B0003~code~eventframe.asp

AIG - Not Looking Good
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/aig-not-looking-good.html
Is all about FNM and FRE :)

2008-09-11

Petrobras & more.

Petrobras did it again :)

Fresh oil find shows up to 4 billion barrels in Brazil
By Steve Goldstein, MarketWatch
http://www.marketwatch.com/news/story/another-big-oil-discovery-off/story.aspx?guid=%7B847FA55E%2D0583%2D4A6D%2D931C%2D4A81820A742F%7D&siteid=yhoof

However other things not looking that good:

Thursday Oil Market Round-Up
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/thursday-oil-market-round-up_11.html

Silver and Gold (and HUI / GDX)
by Adam
http://adamsoptions.blogspot.com/2008/09/silver-and-gold.html

Banking collapse

Chart of Fannie, Fredie, Lehman, WaMu, Merill

Fed May Expand Funding Aid to Banks in a `Mother of Year-Ends'

http://www.bloomberg.com/apps/news?pid=20601087&sid=aavHtPEY4aCc&refer=home
MUST READ.
I can not decide is this inflationary or deflationary...

Readings

WaMu stockprice down.
-

Pick Yer Bottom
from Trend and Value Report by Lucas Elam
http://feeds.feedburner.com/~r/trendandvalue/~3/389310392/pick-yer-bottom.html

What Else Can Be Done To Prevent A Recession?
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/what-else-can-be-done-to-prevent.html

Thank you
from Biiwii.com Technical Analysis & Commentary by Gary from biiwii.com
http://feeds.feedburner.com/~r/BiiwiicomNotes/~3/389119518/thank-you.html
Buy gold?

Warren Buffett reportedly exiting the bank deposit insurance business
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/09/warren-buffett-reportedly-exiting-bank.html

Goldcorp Looking at Junior Miners Acquisitions, Gold to 1500
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/goldcorp-looking-at-junior-miners.html

Business As Usual At Fannie Mae
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/389032467/business-as-usual-at-fannie-mae.html
what are $100 billion between friends?

Dow Jones Indus and S&P 500 in $, € and Gold
from Reality Lenses by pej
http://feeds.feedburner.com/~r/RealityLenses/~3/389144299/dow-jones-indus-and-s-500-in-and-gold_10.html

2008-09-10

North Korea developments

Readings

TODAY
Oil Update
from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/what-interesting-turn-of-events.html

(Bill) Gross Profits
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/gross-profits.html

HUI: The good, the bad and the uuuhhgggly
from Biiwii.com Technical Analysis & Commentary by Gary from biiwii.com
http://feeds.feedburner.com/~r/BiiwiicomNotes/~3/388625343/good-bad-and-uuuhhgggly.html

Don Harrold for Automaker bailout.
http://www.youtube.com/watch?v=ECokYXXLTFk

SPDR Gold Trust (GLD) holdings dip more than 10 tons
http://www.bbj.hu/main/news_43459_spdr%2Bgold%2Btrust%2Bholdings%2Bdip%2Bmore%2Bthan%2B10%2Btons.html
at lieast this makes sence...

De-Coupling Bites the Dust
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/de-coupling-bites-dust.html


A MOVIE ALREADY POSTED BEFORE:





PREVIOUS:
09 September 2008
Dollar Musings and the Potential for a Significant Stock Market Decline
by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/dollar-musings-and-possible-stock.html

09 September 2008
Weaker Oil Demand?
by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/weaker-oil-demand.html

02 September 2008
What I Tell Myself When Gold Sells Off
Source: Jeff Clark, Casey Research
http://www.theaureport.com/pub/na/1600

Maximum panic is the best time to buy gold and silver!
from Peter J. Cooper's Weblog by peterjcooper
http://arabianmoney.net/2008/09/10/maximum-panic-is-the-best-time-to-buy-gold/

Wednesday Commodities Roundup
from The Bonddad Blog by bonddad
http://bonddad.blogspot.com/2008/09/wednesday-commodities-roundup.html

2008-09-09

Brent under $100 ?!?!?

COIL1008 99.92-99.96
WTI1008 102.8-102.87

Lehman

As Jesse wrote who's next?, we have LEH down 40%.
This can explain why we have broad stock market, including mining, gold and oil down.

Foreign Investors a Key Driver Of Freddie and Fannie Deal

http://bonddad.blogspot.com/2008/09/foreign-investors-key-driver-of-freddie.html

Who's Next?

In order to regain a shred of credibility, the Fed has to let someone fail. Even if Ben does not realize it, Hank knows that someone has to take one for the team.

The question is, who?

http://jessescrossroadscafe.blogspot.com/2008/09/whos-next.html

Don Harrold for Fannie and Fredie


This is what I like to this guy - he speaks what he believes ;)

CERN movie - movie for CERN

Animation of 'The Bottle to Bang' by Chris Mann
http://cdsweb.cern.ch/record/1125472/

Uncle Jay Explains

MFN Dolores update

Mark Bailey @ the Denver Gold

To listen go here (open it in new window):
http://events.onlinebroadcasting.com/denvergold/090808/index.php

Go to 8.SEP, go to 2:40pm or search for Minefinders. Click on the link...

JetBlue goes eBay

From WallStrip:

Last night, JetBlue put more than 300 round-trip flights and a bunch of vacation trips up on eBay for auction. The bids started last night, with starting prices around 5 or 10 cents.

It’s a great stunt…who knows? They might get more than they would have charged for these tickets. Maybe that’s what they’re banking on. Smart.

Ticket gets too expensive? Hey, it’s not JetBlue’s problem…it’s YOURS!

Here’s more, from the Orlando sentinel:

Bids were set to begin by 9:30 p.m. last night. The auction lengths will vary
from three to five to seven days.

“We’re putting the price of
spontaneous weekend trips this fall into the hands of our customers,” Don
Uselmann, manager of Business Development for JetBlue, said in a written
statement.

Read the full story here.

Readings

The unpresidented Fannie and Freddie bailout changes most of the news and readings from the week. Here you are large portion of link, large because we having major event.

Today's Menu:

1. Misc news
2. Safehaven news
3. Fannie and Freddie news
4. Fannie and Freddie news from Reggie
5. Old Fannie and Freddie news





Misc news:

Monday Morning Charts
from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/monday-morning-charts.html

New Star Wars treiler
(see the movie)
http://www.dnes.bg/trailers.php?id=772

HUI capitulation alert
from Biiwii.com Technical Analysis & Commentary by Gary from biiwii.com
http://feeds.feedburner.com/~r/BiiwiicomNotes/~3/386814969/hui-capitulation-alert.html

Inflation will follow Freddie Mac and Fannie Mae bail out
from Peter J. Cooper's Weblog by peterjcooper
http://arabianmoney.net/2008/09/09/inflation-will-follow-freddie-mac-and-fannie-mae-bail-out/
(can not understand the point)

GLOBAL DOWNSHIFT - The Well-Timed Strategy for Week Ending September 12th
by Peter Navarro, Ph.D.
http://www.financialsense.com/editorials/navarro/2008/0908.html
Navarro buying banks ?!?!?

Commodities correction now exceeds 2006 correction
from The Mess That Greenspan Made by noreply@blogger.com (Tim)
http://themessthatgreenspanmade.blogspot.com/2008/09/commodities-correction-now-exceeds-2006.html
I did not do exact calculation, but gold and oil still far from 2006 correction





Safehaven news:

I did not read safehaven for days. These are news on interest from last Friday until now.

Unique Intraday Spot Gold Trade with GLD
by Chris Vermeulen
http://www.safehaven.com/article-11192.htm

Gold Thoughts
by Ned W. Schmidt
http://www.safehaven.com/article-11179.htm

Market Update: The Boyz are Back in Town
by Dominick
http://www.safehaven.com/article-11174.htm

ETF Bubble Trouble?
by Tyler Mordy
http://www.safehaven.com/article-11158.htm

Telling Action In Euro, Dollar As ECB Holds Rates
by Mike (Mish) Shedlock
http://www.safehaven.com/article-11146.htm

Mining chalanges
by Scott Wright from Zeal
http://www.safehaven.com/article-11155.htm




Fannie and Freddie news:

Why The Fannie-Freddie Bailout Will Fail
by Martin D. Weiss, Ph.D. 09-08-08
http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=2198

More thoughts on the bailout and post-bailout action
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/09/more-thoughts-on-bailout-and-post.html

CNBC: Paulson on Fannie Mae/Freddie Mac
http://cosmos.bcst.yahoo.com/up/finance?ch=4043681&cl=9638346&lang=

Fannie and Freddie Press Conference Videos
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/386263795/fannie-and-freddie-press-conference.html
In three parts (all about 10 minutes each).

Charts in the Babson Style for 8 September 2008
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/charts-in-babson-style-for-8-september.html

Big Non-Event In Fannie, Freddie Credit Default Swaps
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/387287897/big-non-event-in-fannie-freddie-credit.html

Paulson And Others Translated
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/387028393/paulson-and-others-translated.html

Paulson Rolls The Dice At Taxpayer Expense
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/386006241/paulson-rolls-dice-at-taxpayer-expense.html

Fannie Mae and Freddie Mac to be Worth Zero for Shareholders
by chrispycrunch
http://chrispycrunch.blogspot.com/2008/09/fannie-mae-and-freddie-mac-to-be-worth.html

To Crash or Not To Crash?
from Reality Lenses by pej
http://feeds.feedburner.com/~r/RealityLenses/~3/386180659/to-crash-or-not-to-crash.html






Fannie and Freddie news from Reggie:
separated because site register need

More thougts on Fannie and Freddie
from Blog Entries by reggie
http://boombustblog.com/component/option,com_myblog/show,More-thougts-on-Fannie-and-Freddie.html/Itemid,81/

GSE's make the Doo Doo smell worse
from Blog Entries by reggie
http://boombustblog.com/component/option,com_myblog/show,GSEs-make-the-Doo-Doo-smell-worse.html/Itemid,81/

The GSE bailout represents a huge TAX hike
from Blog Entries by reggie
http://boombustblog.com/component/option,com_myblog/show,The-GSE-bailout-represents-a-huge-TAX-hike.html/Itemid,81/

Fannie and Freddie failures are but a microcosm for the entire industry
from Blog Entries by reggie
http://boombustblog.com/component/option,com_myblog/show,Fannie-and-Freddie-failures-are-but-a-microcosm-for-the-entire-industry.html/Itemid,81/






Old Fannie and Freddie news:

These are mostly informational, and does not include authors oppinions.

Fannie and Freddie getting "MOAB" -- plus, another bank failure
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/09/fannie-and-freddie-getting-moab-plus.html

US government takes on big role in mortgage market
from Lawinfo Weblog by admin
http://feeds.feedburner.com/~r/LawinfoWeblog/~3/386824726/