Meredith Whitney Stays Dark

[don]

[goadam1]

Re: Meredith Whitney Stays Dark

Party pooper. But hey, not looking for value after a drop is stupid. Not buying stuff because you are soooo sure we are running out of oil can make you poor. Waiting for the end of the world is boring. Plus, there will be stimulus 2 and 3 before the credit runs out.

[goadam1]

Re: Meredith Whitney Stays Dark

People are ready to see what happens when the fed drops it's MBS purchases. The homeowner credit and crazy low interest rates are an attempt to keep those assets hard even after the purchases drop. But shock of shock today, there is news that high unemployment is hurting the housing market!

I'm sure tarp 2 is on it's way so enough. Plus, I think the fed and treasury are trying to convince the chinese to raise their currency value so the fed can ease up on money printing. You would still get inflation but with less trashing of the dollar and in theory some productive jobs.

Anyone care to guess how that deal is going?

[goadam1]

Re: Meredith Whitney Stays Dark

The letter she is looking for isn't W, it is "cheh."

[icm63]

Re: Meredith Whitney Stays Dark

Plus, there will be stimulus 2 and 3 before the credit runs out.

Maybe not..

Stimulus 1 was created, and only a small amount has been spent, as the DEMS worked out they can use this money for voting winning in 2010 after social engineering the public in 2009.

[goadam1]

Re: Meredith Whitney Stays Dark

Do banks short themselves? Do they issue more shares but buy puts or even more complicated schemes?

[D-Mack]

Re: Meredith Whitney Stays Dark

still looks blondish to me

[GRG55]

Re: Meredith Whitney Stays Dark

Maybe not..

Stimulus 1 was created, and only a small amount has been spent, as the DEMS worked out they can use this money for voting winning in 2010 after social engineering the public in 2009.

Do you actually buy that shzt? That Stimulus 1 is only just beginning? That only a small amount has been spent and most of the money is sitting there waiting to be deployed on really good stuff yet to be defined?

It's all nonsense...a good story to try to deflect criticism of the rising umemployment rate that's now way above what the Administration promised on the record. A good story to try to spin the foreign lenders that the US fiscal situation isn't completely out of control.

Stimulus 1 is gone...all of it. No politician ever authorizes big spending and then hoards the money. Do you seriously think any of them are going back to their umemployed constituents and saying "Oh just wait. Most of the money is sitting in my desk drawer back in D.C. I'll trickle it out to you next year".

If it wasn't already all gone, "they" wouldn't be talking like this, now would they :

U.S. House plans jobs bill before year end

Tue Nov 17, 2009 5:04pm EST

WASHINGTON, Nov 17 (Reuters) - The House of Representatives aims to pass job-creating legislation before the end of the year to ease double-digit unemployment levels that threaten the economic recovery, Democratic leaders said on Tuesday.

Top lawmakers are looking at a variety of options, including road construction, tax breaks and assistance to hard-pressed state governments which could create jobs but also worsen budget deficits in the short term, said House Majority Leader Steny Hoyer.

"We're moving ahead at a pace that hopefully will allow us to do something in the next three weeks," the Maryland Democrat said at a news conference.

Some of these programs could be funded by a transaction tax on Wall Street, or money left over from the financial-industry rescue package, said the House's No. 4 Democrat, Representative John Larson...


...AMONG THE ITEMS UNDER CONSIDERATION

* A transportation bill that could cost up to $500 billion :p

* A tax credit for businesses that create jobs

* Assistance to state governments, which otherwise would lay off teachers, police and other employees as they cope with plunging tax revenues and rising social spending

* Low-interest loans for small businesses

* Another extension of unemployment benefits, which otherwise could run out for millions of jobless workers

* An extension of health-insurance subsidies for the jobless

* A transaction tax on over-the-counter trades in unregulated "dark markets"

[DRumsfeld2000]

Re: Meredith Whitney Stays Dark

Whitney has a good track record and she should be taken seriously.

It looks to me as if the market is starting to top out, perhaps caused by a stronger Dollar.

[metalman]

Re: Meredith Whitney Stays Dark

Whitney has a good track record and she should be taken seriously.

It looks to me as if the market is starting to top out, perhaps caused by a stronger Dollar.

welcome, rumsfeld! nice war, btw. ;)

eric janszen made a bold prediction that the boyz won't get the ball across the dec. goal line this yr for mega bonuses as in 2007. what do you think?

[GRG55]

Re: Meredith Whitney Stays Dark

welcome, rumsfeld! nice war, btw. ;)

eric janszen made a bold prediction that the boyz won't get the ball across the dec. goal line this yr for mega bonuses as in 2007. what do you think?

If they cash out early and preserve the gains from this year's run, and if whatever index they benchmark against drops before year-end close, isn't that a solid double?

[DRumsfeld2000]

Re: Meredith Whitney Stays Dark

Nice one Metalman! I am glad you are enjoying the war.

End of year bonuses are a difficult one. TA is showing that the 'bull' run is still intact and quite strong, but for me the problem is volumn.However, I believe that this is a bear trap and started a limited shorting programme targeting the S&P at around 1075. What I think is interesting is that with a Dollar bounce there was still limited market downside and gold ignored the rise. There seems to be some general market 'manipulation' but who knows.

Having said this I would not be surprised if there is still a 5-10% upside. Do TPTB want a fall in the market for Christmas? Medium term I expect a significant crash within the next 6-9 months. The market has got way ahead of itself. Increased earnings are not due to increased revenue, but due to cost cutting and this can only go so far. Perhaps the bankers wanted to make sure that they got one last excellent bonus before the SHTF! I do not like the smell of the whole thing.

[we_are_toast]

Re: Meredith Whitney Stays Dark

Do you actually buy that shzt? That Stimulus 1 is only just beginning? That only a small amount has been spent and most of the money is sitting there waiting to be deployed on really good stuff yet to be defined?

It's all nonsense...a good story to try to deflect criticism of the rising umemployment rate that's now way above what the Administration promised on the record. A good story to try to spin the foreign lenders that the US fiscal situation isn't completely out of control.

Stimulus 1 is gone...all of it. No politician ever authorizes big spending and then hoards the money. Do you seriously think any of them are going back to their umemployed constituents and saying "Oh just wait. Most of the money is sitting in my desk drawer back in D.C. I'll trickle it out to you next year".

I think you can split the diff between you and icm63.
According to probublica, about 1/2 of the stimulus money has been or is in the process of being spent.
http://projects.propublica.org/table...nding-progress

Stimulus II won't be the massive package of Stimulus I. The Senate want's the typical highway/infrastructure jobs program, but the administration is looking strongly at the far more effective "cash for caulkers" type program. I think we may see a series of smaller proposals wrapped in typical language but fully intended to push jobs.

I think we might want to watch this play out rather closely. It could very well indicate a turning point for the administration. If they don't fight hard for their ALT-E/conservation jobs program, it will indicate they think Stimulus I was a success. If they do fight hard for an alternative, it will indicate they realize the failure of the standard jobs producing techniques and they are willing (desperate) to try new methods to reduce unemployment and maybe even make fundamental changes in the energy economy.

I've been looking at ways to invest in either coal or ALT-E and how Stimulus II plays out will make me go one way or the other.

[goadam1]

Re: Meredith Whitney Stays Dark

welcome, rumsfeld! nice war, btw. ;)

eric janszen made a bold prediction that the boyz won't get the ball across the dec. goal line this yr for mega bonuses as in 2007. what do you think?

Come on market makers are already thinking sun valley or Anguilla. Second level money managers are looking to paint the tape and are buying on any dip so they don't miss out. What's going to crash it? Bad black friday? Who is putting out honest numbers on that one. One day soon we will see the market down 2% at 10 and down 20% by 1. But when and at from what level? S&P 1200 dropping to 950?

If I'm wrong then I am ready.

[metalman]

Re: Meredith Whitney Stays Dark

Nice one Metalman! I am glad you are enjoying the war.

End of year bonuses are a difficult one. TA is showing that the 'bull' run is still intact and quite strong, but for me the problem is volumn.However, I believe that this is a bear trap and started a limited shorting programme targeting the S&P at around 1075. What I think is interesting is that with a Dollar bounce there was still limited market downside and gold ignored the rise. There seems to be some general market 'manipulation' but who knows.

Having said this I would not be surprised if there is still a 5-10% upside. Do TPTB want a fall in the market for Christmas? Medium term I expect a significant crash within the next 6-9 months. The market has got way ahead of itself. Increased earnings are not due to increased revenue, but due to cost cutting and this can only go so far. Perhaps the bankers wanted to make sure that they got one last excellent bonus before the SHTF! I do not like the smell of the whole thing.

tptb lost control in 2008 and will again.