Cknolls Posted September 20, 2007 Share Posted September 20, 2007 Well at least the bonds love the rate cuts...30 yr smoked for the 3rd day in a row. Even the 2's and 5's participated in the slaughter today.. NOT GOOD! Link to comment Share on other sites More sharing options...
kapkomet Posted September 21, 2007 Share Posted September 21, 2007 I saw this morning that Dubai wants to buy part of Nasdaq - or something. Didn't get time to read it, just saw the headline. Man those boogers have some money. Link to comment Share on other sites More sharing options...
southsider2k5 Posted September 21, 2007 Share Posted September 21, 2007 QUOTE(kapkomet @ Sep 21, 2007 -> 07:53 AM) I saw this morning that Dubai wants to buy part of Nasdaq - or something. Didn't get time to read it, just saw the headline. Man those boogers have some money. They want a 20% share. I can't wait to hear all of the racist reasons why it is wrong... Link to comment Share on other sites More sharing options...
Rex Kickass Posted September 21, 2007 Share Posted September 21, 2007 For the first time since 1976, the Canadian Dollar reached parity with the US Dollar yesterday. Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted September 21, 2007 Author Share Posted September 21, 2007 QUOTE(Rex Kicka** @ Sep 21, 2007 -> 08:45 AM) For the first time since 1976, the Canadian Dollar reached parity with the US Dollar yesterday. Holy crappola. I remember a time in the early 90's where it was like 1.75 to 1 (CAD to USD). Ugh. Link to comment Share on other sites More sharing options...
KipWellsFan Posted September 21, 2007 Share Posted September 21, 2007 QUOTE(Rex Kicka** @ Sep 21, 2007 -> 08:45 AM) For the first time since 1976, the Canadian Dollar reached parity with the US Dollar yesterday. I have no idea what this really means for us, but for now I'd like to take an ignorant moment to thank Dubya. Link to comment Share on other sites More sharing options...
Rex Kickass Posted September 21, 2007 Share Posted September 21, 2007 QUOTE(NorthSideSox72 @ Sep 21, 2007 -> 08:48 AM) Holy crappola. I remember a time in the early 90's where it was like 1.75 to 1 (CAD to USD). Ugh. It means now there really is no reason to gamble in Windsor. In 2002 and 2003, I used to cross over to play blackjack because every third bet was free. Link to comment Share on other sites More sharing options...
southsider2k5 Posted September 21, 2007 Share Posted September 21, 2007 QUOTE(Rex Kicka** @ Sep 21, 2007 -> 11:43 AM) It means now there really is no reason to gamble in Windsor. In 2002 and 2003, I used to cross over to play blackjack because every third bet was free. It was 3:2 when we went to Niagra Falls in June02. The trip was cheap because no one wanted to go to Canada after the border crossing horror stories, and the exchange rate was a bonus. Now I wouldn't be surprised to see the dollar in the 1.50 Euro range by New Years Day. I can't say enough how shorted sighted and stupid this rate cut was. Link to comment Share on other sites More sharing options...
Rex Kickass Posted September 21, 2007 Share Posted September 21, 2007 New Years Day? I'd say Halloween. Link to comment Share on other sites More sharing options...
NUKE_CLEVELAND Posted September 23, 2007 Share Posted September 23, 2007 QUOTE(KipWellsFan @ Sep 21, 2007 -> 10:48 AM) I have no idea what this really means for us, but for now I'd like to take an ignorant moment to thank Dubya. The President has very little to do with the rate of exchange our dollar fetches on the open market. Currency traders do. Link to comment Share on other sites More sharing options...
southsider2k5 Posted September 23, 2007 Share Posted September 23, 2007 QUOTE(NUKE @ Sep 23, 2007 -> 02:06 AM) The President has very little to do with the rate of exchange our dollar fetches on the open market. Currency traders do. The President does when he appoints a Federal Reserve Director who he knows is going to push down bond rates at a time when our currency is already under pressure. Link to comment Share on other sites More sharing options...
NUKE_CLEVELAND Posted September 23, 2007 Share Posted September 23, 2007 QUOTE(southsider2k5 @ Sep 23, 2007 -> 08:38 AM) The President does when he appoints a Federal Reserve Director who he knows is going to push down bond rates at a time when our currency is already under pressure. Pros and cons time of cutting rates. Pros: -Lights a fire under a flagging stock market -Injects liquidity into a banking system which is under enormous pressure from the subprime mess. -Helps stave off recession when we were starting to head that way. Cons: -Makes the weak dollar worse -Pushes down bond rates You can make an argument for both sides when it comes to inflation. Last I read was that annual inflation was running at about 2.1% ( down from 2.2% at the last read ) which is more or less about Bernanke's target but the rate cut will probably start to make inflation turn north again. I guess we'll just have to see where we go from here and if the Fed is going to cut again in October or not. Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted September 23, 2007 Author Share Posted September 23, 2007 QUOTE(NUKE @ Sep 23, 2007 -> 09:06 AM) Pros and cons time of cutting rates. Pros: -Lights a fire under a flagging stock market -Injects liquidity into a banking system which is under enormous pressure from the subprime mess. -Helps stave off recession when we were starting to head that way. Cons: -Makes the weak dollar worse -Pushes down bond rates You can make an argument for both sides when it comes to inflation. Last I read was that annual inflation was running at about 2.1% ( down from 2.2% at the last read ) which is more or less about Bernanke's target but the rate cut will probably start to make inflation turn north again. I guess we'll just have to see where we go from here and if the Fed is going to cut again in October or not. An argument can be made that one of your "Pros" - injecting liquidity into the banking system - is actually a con. In the long run, if some of these anomalies are allowed to fester and not play out, we'll be worse off. Link to comment Share on other sites More sharing options...
3E8 Posted September 23, 2007 Share Posted September 23, 2007 Is there any website that provides quarterly earnings in chart/graph format? Link to comment Share on other sites More sharing options...
southsider2k5 Posted September 23, 2007 Share Posted September 23, 2007 QUOTE(3E8 @ Sep 23, 2007 -> 11:15 AM) Is there any website that provides quarterly earnings in chart/graph format? Maybe. You can find most companies on stock trading sites. If you are looking for something specific I can help you out. I have access to some good stuff. Link to comment Share on other sites More sharing options...
3E8 Posted September 23, 2007 Share Posted September 23, 2007 Which sites do you recommend? I can't find this information on Yahoo or Google Finance, Morningstar does chart EPS, but only annual data. Link to comment Share on other sites More sharing options...
southsider2k5 Posted September 23, 2007 Share Posted September 23, 2007 QUOTE(3E8 @ Sep 23, 2007 -> 06:32 PM) Which sites do you recommend? I can't find this information on Yahoo or Google Finance, Morningstar does chart EPS, but only annual data. Lots of stock trading companies have the information on their sites. You can register for a practice account on most of them. Link to comment Share on other sites More sharing options...
Cknolls Posted September 24, 2007 Share Posted September 24, 2007 QUOTE(southsider2k5 @ Sep 23, 2007 -> 08:38 AM) The President does when he appoints a Federal Reserve Director who he knows is going to push down bond rates at a time when our currency is already under pressure. The curve has actually steepened since the cuts. Link to comment Share on other sites More sharing options...
southsider2k5 Posted September 24, 2007 Share Posted September 24, 2007 QUOTE(Cknolls @ Sep 24, 2007 -> 10:44 AM) The curve has actually steepened since the cuts. Are you honestly trying to tell me that people are going to be willing to accept lower interest rates for a currency that is rapidly depreciating in value, over any reasonable amount of time? Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted September 25, 2007 Author Share Posted September 25, 2007 So gas prices are going to suck. CNN FN had a guy on from Alaron (Chicago-based derivatives firm) and their energy department. Gas will go about a quarter higher this year. And they are projecting gas hitting $4 a gallon in 2008, and $5 a gallon in 2009. Interesting to note: its that $4 a gallon mark where many hybrid vehicles start to be cost effective within the first couple years (as opposed to 4 or 5 years down the road, at $2.50/gallon gas). And light hybrids are already there. I am really starting to think about picking one up next year. Link to comment Share on other sites More sharing options...
southsider2k5 Posted September 25, 2007 Share Posted September 25, 2007 QUOTE(NorthSideSox72 @ Sep 25, 2007 -> 10:37 AM) So gas prices are going to suck. CNN FN had a guy on from Alaron (Chicago-based derivatives firm) and their energy department. Gas will go about a quarter higher this year. And they are projecting gas hitting $4 a gallon in 2008, and $5 a gallon in 2009. Interesting to note: its that $4 a gallon mark where many hybrid vehicles start to be cost effective within the first couple years (as opposed to 4 or 5 years down the road, at $2.50/gallon gas). And light hybrids are already there. I am really starting to think about picking one up next year. Phil Flynn. Anyways, it really isn't a good sign that prices have rallied as we have left the summer driving season. I could believe seeing $5 gas next summer. We still haven't had anything really bad happen, and we are still that high. One bad thing, and it is going to get ugly. Link to comment Share on other sites More sharing options...
kapkomet Posted September 25, 2007 Share Posted September 25, 2007 QUOTE(southsider2k5 @ Sep 25, 2007 -> 03:51 PM) Phil Flynn. Anyways, it really isn't a good sign that prices have rallied as we have left the summer driving season. I could believe seeing $5 gas next summer. We still haven't had anything really bad happen, and we are still that high. One bad thing, and it is going to get ugly. So, it's a presidential election cycle - we can have a hurricane hit the gulf, and (God forbid) something else happen to rattle the markets, and we would see $1.00 price increase hit the pumps in less then a week next year from where-ever the price is next year. I would have to guess that it will be somewhere around $3.50 a gallon BEFORE anything "bad" happens. Link to comment Share on other sites More sharing options...
StrangeSox Posted September 25, 2007 Share Posted September 25, 2007 How many people were predicting gas going to and staying at $4 all summer long back in April and May? Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted September 25, 2007 Author Share Posted September 25, 2007 QUOTE(StrangeSox @ Sep 25, 2007 -> 12:12 PM) How many people were predicting gas going to and staying at $4 all summer long back in April and May? No one that I recall. Link to comment Share on other sites More sharing options...
Balta1701 Posted September 25, 2007 Share Posted September 25, 2007 QUOTE(NorthSideSox72 @ Sep 25, 2007 -> 10:12 AM) No one that I recall. I'm sure there were some. Probably only a minority though. I think there's a feeling right now that the oil markets are probably going to keep inching up at about the rate they have been during the Bush years, something like up $10 or so per year, for the next couple years. Going from $75 a barrel to $100 a barrel is another big jump, and each one of these jumps seems to have taken a major event for it to happen. The Iraq war, Katrina, etc. So I don't think $4 is reasonable this year, but it's entirely possible next year, esp. with the collapsing dollar. But of course, that assumes nothing big and bad happens, and between unstable governments, hurricanes, terrorism, and the Bush/Iran staredown, I don't think anyone would be surprised to see something disasterous push the cost rapidly towards $100. Link to comment Share on other sites More sharing options...
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