southsider2k5 Posted August 23, 2011 Share Posted August 23, 2011 QUOTE (NorthSideSox72 @ Aug 23, 2011 -> 09:34 AM) They did it in 2008 on the financials. I don't think it serves any good purpose right now, I hope they don't do it. When he says all marketplaces, that is a pretty broad spectrum. Anyways, a bald short sale ban will torpedo this market, because it will remove all confidence from it. Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted August 23, 2011 Share Posted August 23, 2011 QUOTE (southsider2k5 @ Aug 23, 2011 -> 09:35 AM) When he says all marketplaces, that is a pretty broad spectrum. Anyways, a bald short sale ban will torpedo this market, because it will remove all confidence from it. I highly doubt it happens. I just saw an article yesterday, a survey of a bunch of high line money managers... 95% of them anticipate the market to go up as the year closes, average among them was like 15% or maybe higher. Corporate execs have been buying their own company stocks massively. It isn't that these people know everything, it is that they are the ones who move the market, and they see jumps. So I just don't see the short sale ban happening, which as you indicate, would take the wind out of the sails of the markets. Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 23, 2011 Share Posted August 23, 2011 QUOTE (NorthSideSox72 @ Aug 23, 2011 -> 09:52 AM) I highly doubt it happens. I just saw an article yesterday, a survey of a bunch of high line money managers... 95% of them anticipate the market to go up as the year closes, average among them was like 15% or maybe higher. Corporate execs have been buying their own company stocks massively. It isn't that these people know everything, it is that they are the ones who move the market, and they see jumps. So I just don't see the short sale ban happening, which as you indicate, would take the wind out of the sails of the markets. That is usually not a good sign, but a sign of a company trying to prop ups its stock price for its shareholders. Usually it fails and the stock price floats back to where it started from. Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted August 23, 2011 Share Posted August 23, 2011 QUOTE (southsider2k5 @ Aug 23, 2011 -> 09:54 AM) That is usually not a good sign, but a sign of a company trying to prop ups its stock price for its shareholders. Usually it fails and the stock price floats back to where it started from. No, you are misunderstanding. This is not a COMPANY buy-back, which is what you are describing. This is an individual exec buying shares FOR THEMSELVES. And at that scale, no one exec is buying enough stock to move the market in that stock purely on volume (except a few notable ones that have ridiculous money even by CEO standards). They are only doing it if they think it will make them money, which means they have confidence in a rebound, sooner or later. Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 23, 2011 Share Posted August 23, 2011 QUOTE (NorthSideSox72 @ Aug 23, 2011 -> 09:56 AM) No, you are misunderstanding. This is not a COMPANY buy-back, which is what you are describing. This is an individual exec buying shares FOR THEMSELVES. And at that scale, no one exec is buying enough stock to move the market in that stock purely on volume (except a few notable ones that have ridiculous money even by CEO standards). They are only doing it if they think it will make them money, which means they have confidence in a rebound, sooner or later. Gotcha Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 24, 2011 Share Posted August 24, 2011 Gold is down about $100 an ounce today, and about $150 over the last two days. Silver is down almost 3 full dollars per ounce today. Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted August 24, 2011 Share Posted August 24, 2011 QUOTE (southsider2k5 @ Aug 24, 2011 -> 12:42 PM) Gold is down about $100 an ounce today, and about $150 over the last two days. Silver is down almost 3 full dollars per ounce today. Markets are solidifying a bit, at least for now. Fear factor is down a little, VIX with it. Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 24, 2011 Share Posted August 24, 2011 It will be interesting to see if this is finally the excuse to break the metals finally. Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted August 24, 2011 Share Posted August 24, 2011 QUOTE (southsider2k5 @ Aug 24, 2011 -> 12:49 PM) It will be interesting to see if this is finally the excuse to break the metals finally. Probably will be more of a gradual thing, with the occasional, dramatic hiccup. That's my educated guess anyway, but who knows. Link to comment Share on other sites More sharing options...
StrangeSox Posted August 24, 2011 Share Posted August 24, 2011 did the stimulus work? A review of the nine best studies on the subject Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 25, 2011 Share Posted August 25, 2011 So we are working through these things slowly but surely. We have to get through this before home prices start to rebound, and most consumers are able to really spend again. http://chicago.cbslocal.com/2011/08/25/rep...d-of-all-sales/ PALATINE, Ill. (CBS) — The latest figures from RealtyTrac show that in Illinois and nationwide, foreclosed homes now account for about a third of all home sales. As WBBM Newsradio’s Regine Schlesinger reports, a local realtor says he sees opportunities, especially for first-time homebuyers. Ryan Gable’s company, Starting Point Realty in Palatine, deals exclusively with first-time homebuyers. Gable says the sheer number of discounted homes through foreclosures and short-sales is offering buyers great opportunities. “That market right now is ballooned, much more than it has been in the past,” Gable said. The RealtyTrac report says the average discount on a bank-owned property in Illinois is about 50 percent, and on a home in default, nearly 25 percent. Link to comment Share on other sites More sharing options...
Cknolls Posted August 25, 2011 Share Posted August 25, 2011 (edited) HMMM. Huge put buying in GLD monday. Once again proves that mkts don't move, they are moved. What will Ben Keynes say from Jackson Hole tomorrow? Nothing IMO. That is why we rallied 75 handles this week. There were some rather large baskets bought this week. Pump it up so it has room to fall. Beware if 1120 breaks. Moynihan saying we do not need capital earlier this week and then selling Buffet 5 billion in perpetual pfds. LOL. Buffet/Moynihan f*** the common shareholder once again. On an aside, the 10yr BAC bonds yielding 6.58% yesterday seem like a steal..... Edited August 25, 2011 by Cknolls Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted August 25, 2011 Share Posted August 25, 2011 QUOTE (southsider2k5 @ Aug 25, 2011 -> 09:25 AM) So we are working through these things slowly but surely. We have to get through this before home prices start to rebound, and most consumers are able to really spend again. http://chicago.cbslocal.com/2011/08/25/rep...d-of-all-sales/ I also saw that IL new home sales and permits are still going down a lot, and are among the lowest in the nation. That is good, IMO - makes IL in a better rebound position. We don't need a glut of new inventory. Link to comment Share on other sites More sharing options...
Balta1701 Posted August 25, 2011 Share Posted August 25, 2011 I see Buffett has bet a large sum on Bank of America getting another bailout. Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 25, 2011 Share Posted August 25, 2011 QUOTE (Balta1701 @ Aug 25, 2011 -> 11:12 AM) I see Buffett has bet a large sum on Bank of America getting another bailout. No wonder he wants the rich to pay higher taxes.... He profits from more bailouts. Link to comment Share on other sites More sharing options...
StrangeSox Posted August 25, 2011 Share Posted August 25, 2011 Don't tax the rich, Smash their privilege Link to comment Share on other sites More sharing options...
StrangeSox Posted August 26, 2011 Share Posted August 26, 2011 jobsjobsjobsjobsjobsjobsjobs Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 26, 2011 Share Posted August 26, 2011 http://www.reuters.com/article/2011/08/19/...E77I0Z820110819 GM says bankruptcy excuses it from Impala repairs inShare70 Share this Email Print Related News GM to build Cadillac EV, eyes electric Chevy Wed, Aug 17 2011 GM profit nearly doubles, slowdown risk ahead Thu, Aug 4 2011 Automakers warn of fragile demand Tue, Aug 2 2011 Rhode Island's Central Falls files for bankruptcy Mon, Aug 1 2011 UPDATE 4-Lehman execs, auditor must defend investor lawsuit Wed, Jul 27 2011 Analysis & Opinion Tough to be bullish on Wall Street if you’re bearish on Washington Vioxx judge steps in to split $350 ml plaintiffs lawyer pie Related Topics Stocks » Markets » Bankruptcy » Cyclical Consumer Goods » Fri Aug 19, 2011 3:47pm EDT * New GM said not responsible to fix Impala made by old GM * Suspension problem said to cause excessive tire wear By Jonathan Stempel NEW YORK, Aug 19 (Reuters) - General Motors Co (GM.N) is seeking to dismiss a lawsuit over a suspension problem on more than 400,000 Chevrolet Impalas from the 2007 and 2008 model years, saying it should not be responsible for repairs because the flaw predated its bankruptcy. The lawsuit, filed on June 29 by Donna Trusky of Blakely, Pennsylvania, contended that her Impala suffered from faulty rear spindle rods, causing her rear tires to wear out after just 6,000 miles. [iD:nN1E7650CT] Seeking class-action status and alleging breach of warranty, the lawsuit demands that GM fix the rods, saying that it had done so on Impala police vehicles. But in a recent filing with the U.S. District Court in Detroit, GM noted that the cars were made by its predecessor General Motors Corp, now called Motors Liquidation Co or "Old GM," before its 2009 bankruptcy and federal bailout. The current company, called "New GM," said it did not assume responsibility under the reorganization to fix the Impala problem, but only to make repairs "subject to conditions and limitations" in express written warranties. In essence, the automaker said, Trusky sued the wrong entity. "New GM's warranty obligations for vehicles sold by Old GM are limited to the express terms and conditions in the Old GM written warranties on a going-forward basis," wrote Benjamin Jeffers, a lawyer for GM. "New GM did not assume responsibility for Old GM's design choices, conduct, or alleged breaches of liability under the warranty." David Fink, Trusky's lawyer, declined to comment. John Penn, a former president of the American Bankruptcy Institute who is not involved in the case, said the question of "successor liability" is common for manufacturing companies that go through bankruptcy. "The fact it comes up now is not a surprise, as this type of issue was widely discussed during GM's bankruptcy," said Penn, now a partner at Haynes and Boone in Fort Worth, Texas. "The court will need to evaluate the claims to see if they fit within any cubbyhole of liability that New GM assumed." GM said an argument similar to Trusky's failed this year in a case involving its OnStar security and navigation product. "There are no specific factual allegations that New GM -- as opposed to Old GM -- did anything at all in relation to her vehicle," Jeffers wrote. "Plaintiff here is trying to saddle new GM with the alleged liability and conduct of old GM." In late afternoon trading, GM shares were down $1.62 at $21.98 on the New York Stock Exchange. The case is Trusky v. General Motors Co, U.S. District Court, Eastern District of Michigan, No. 11-12815. (Editing by Robert MacMillan) Link to comment Share on other sites More sharing options...
StrangeSox Posted August 26, 2011 Share Posted August 26, 2011 Stephen Moore doubles down on the stupid Link to comment Share on other sites More sharing options...
kapkomet Posted August 27, 2011 Share Posted August 27, 2011 Wow, someone I actually know and have sat down and talked to at length. (John Penn). He is one of the smartest people I have ever met. Link to comment Share on other sites More sharing options...
mr_genius Posted August 27, 2011 Share Posted August 27, 2011 QUOTE (kapkomet @ Aug 26, 2011 -> 07:11 PM) Wow, someone I actually know and have sat down and talked to at length. (John Penn). He is one of the smartest people I have ever met. next time you see him, make sure to thank him for using the term 'Obamanomics'. I have been trying to get some momentum on that for a while. Link to comment Share on other sites More sharing options...
Jenksismyhero Posted August 29, 2011 Share Posted August 29, 2011 It's a good thing only Republicans are in bed with Wall Street. Otherwise this country and its government would REALLY be f***ed. http://campaign2012.washingtonexaminer.com...ng-bank-bailout Link to comment Share on other sites More sharing options...
StrangeSox Posted August 29, 2011 Share Posted August 29, 2011 Good reason to repost this Link to comment Share on other sites More sharing options...
Balta1701 Posted August 31, 2011 Share Posted August 31, 2011 Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday. It also found many of the companies spent more on lobbying than they did on taxes. Link Link to comment Share on other sites More sharing options...
southsider2k5 Posted August 31, 2011 Share Posted August 31, 2011 QUOTE (Balta1701 @ Aug 31, 2011 -> 12:51 PM) Link So where is your next post about how many other taxes they pay, and how it is dishonest to post stuff like this? Link to comment Share on other sites More sharing options...
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