Time to play another round. The rulez™ are easy. Listen to any of the talking heads this weekend and whenever they deign to explain to we idjits in blogland just why something bad happened imagine Wally's little brother Theodore explaining the painfully obvious. Then dope slap the television and shout "Gee Beav, Ya Think?" Example: Stocks ended another volatile week with a sharp selloff on Friday amid worries about credit markets and a weakening economy. "Bears have control over the tape in the short term," said Alec Young of Standard & Poor's. "Investors are repricing risk and taking the stock market down a peg or two."
"Gee Beav, Ya Think?"
16 comments:
This isn't the first round?
Not the second one either, but it is an early inning.
Oh and Murst!!!!
Ho Ho Ho - It's Santa Flipper Clause
Stock Market: The hour (week?) of purifcation is upon us.
Santa F. Clause
Poor wall street workers, they might get laid off.
Boo efing hoo
The subprime is the ridiculous
"Why have Australian stocks lost a 12th of their value in the past week? It's because some American home-lending companies have spent the past five years or so planting time bombs in their balance sheets."
Summary of this weekends talking heads:
This is not a big issue, things are contained, the sky is not falling, etc..
Then they start banging the table that the FED must drop rates to save us.
HUH!?!?!? If things are ok and contained then why the hell does the FED need to drop rates!?!?!
Financials are about to experience the great flattening. Prosper.com is ahead of its times but this priesthood of the banker is fading fast. As long a the obscene fees are curtailed I can live with any other fallout from this mess. Next shoe is market valuations. 2% dividends and 10% annualized stock price reductions in an 11% inflation ienvironment will depress the mania to "own" assets.
BB,
The Fed beggathon is the wierdest thing. Capitalists being reduced to asking the governemntto intervene in a capitalist market action. Where were they during the market melt up? Begging the Fed to tighten before things got out of control to the upside?
Let's be clear on two things. Three things actually. One the Fed shouldd not try to control bubbles bursting if for the only reason that they cannot. Third, We are in this mess because of easy lending/debt, the definition of insanity is doing the same thing over and over in expectation of a different outcome.
"We are in this mess because of easy lending/debt, the definition of insanity is doing the same thing over and over in expectation of a different outcome."
Agree.
The Greespan put is now morphing into the Bernake put.
I ONE sentence from Mogambo.
Ya Think!!!!!!
*****************************
And neither is this about how all of this terrifying inflation requires that the money and credit needed by the new buyers will be created out of thin air by the banking system, and sure enough, Total Fed Credit has been going freaking bananas since 1997, and the stock, bond, real estate and government markets have been going freaking bananas since then, too, all thanks to the
horrid Alan Greenspan, who will surely go to straight to hell when he dies
because of all the misery, suffering and deaths that will happen as a direct result of him increasing Total Fed Credit continuously for all (pause for dramatic effect) those (pause) years, and thus increasing the money supply for all (pause) those (pause) years, and now we are going to have inflation in consumer prices for (insert a long, overly dramatic pause, during which you may take a drink, scratch something that itches, or smoke 'em if you got 'em) FREAKING YEARS TO COME!!!!
Ho Ho Ho - It's Santa Flipper Clause
Not a Santa quote, but one Santa agrees with:
"Privitized profit, socialized risk."
Only in America.
Santa F. Clause
OHIO: Just had my home appraised this week.
The value is $10,000 LESS than three years ago...
Hmmm.......
Do you really think the JP Morgan did nothing during the Great Depression? Sorry, Rob, but everything that you need to know about American business was explained by PT Barnum. The banks will continue to find ways to extract more and more cash from Americans in many new and creative ways. Americans will continue to give it to them, and the taxpayer will continue to support the ones who have given their last. Do you really think that anything is different now?
I see a little silhouetto of a man,
Scaramouche,scaramouche will you do the fandango-
Thunderbolt and lightning-very very frightening me-
Galileo,galileo,
Galileo galileo
Galileo figaro-magnifico-
But Im just a poor boy and nobody loves me-
Hes just a poor boy from a poor family-
Spare him his life from this monstrosity-
Easy come easy go-,will you let me go-
Bismillah! no-,we will not let you go-let him go-
Bismillah! we will not let you go-let him go
Bismillah! we will not let you go-let me go
Will not let you go-let me go
Will not let you go let me go
No,no,no,no,no,no,no-
Mama mia,mama mia,mama mia let me go-
Beelzebub has a devil put aside for me,for me,for me-
So you think you can stone me and spit in my eye-
So you think you can love me and leave me to die-
Oh baby-cant do this to me baby-
Just gotta get out-just gotta get right outta here-
Nothing really matters,
Anyone can see,
Nothing really matters-,nothing really matters to me.
Ash Baxter, who is 22, spends hours making art, sewing dolls with wild yarn hair and macramé-edged suits; she created an extraordinary blue-and-gold octopus mask out of a three-foot gourd she found in the garage. She is talented and would like to attend art school, but Baxter can’t master her anxiety well enough to learn to drive or live in a dorm, so college art classes remain out of reach.
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