Cara's Commentary & Community Chat, Fri., Feb. 6, 2009

[7:27am ET] The Bernard Madoff scandal, not the current state of macro-economics, has brought America and the world to a crossroads. The question is simple: do we take the ethical high road or do we stay the present course? I ask you to read this document from beginning to end and ask yourself if we really have any option:
http://www.deepcapture.com/bernard-madoff-the-mafia-and-the-friends-of-m…


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Grym
Grym
February 9, 2009 1:15 pm

Glad to hear the good news. Laughter may be the best medicine, but anger ain”t at all a bad indicator.

Grym
Grym
February 9, 2009 1:12 pm

Chickenpookie,

Do you understand just how the holdings listed for TBT are designed to work? I cannot say they do a very good job, but I baffled by the model.

Craig
Craig
February 9, 2009 6:55 am

Wow! Thank you all for the well wishes. It must be working because mom is doing much better and the nurses are sounding more positive and frankly, a bit surprised at how well she is doing.

When I heard her arguing with the nurses I knew she was feeling better.
Oh, and bitching about her new cardio diet….which makes her heart rate go up and skip a beat or two….arguing that is. So we’re not quite there yet…..but your well wishes are sure appreciated and helpful.

Caraistas are the best.

NYUGrad
NYUGrad
February 9, 2009 6:44 am

http://tinyurl.com/alaakd

“Top Swiss banks reportedly to reveal major losses
UBS planning to cut 5,000 to 8,000 new jobs, Swiss newspaper says

Vote for Stimulus Monday
Obama prime time address Monday 8pm
Geihtner Tuesday
UBS Tuesday
Credit Suisse Wed.
Obama hoping to sign stimuls into law on Monday – Pres day.

this is going to be a highly volatile week.

NYUGrad
NYUGrad
February 9, 2009 6:14 am

The Circus begins.

Chickenpookie
Chickenpookie
February 9, 2009 7:06 am

Auctions will be held most of the week, so TBT holders are likely to be out riding their cart with music blaring while the Treasury is peddling their phony artwork.

aucourant
aucourant
February 9, 2009 2:32 am
NotNekkidYet
NotNekkidYet
Reply to  aucourant
February 9, 2009 1:09 pm

Nothing can prevent the inevitable Day of Financial Reckoning for all of the participants in the Keynesian Ponzi experiment.

If you truly wish to grasp what must occur so that we avoid strife on a global scale, visit the Von Mises Institute’s most excellent site.

David
David
Reply to  aucourant
February 9, 2009 3:49 am

aucourant, the Asian indexes are up so as to catch up to the Friday’s rally — this is old news. The “new” news are reflected in the fact that US index futures are down 1% right now, which is the best prediction right now for how the US market will open on Monday (1% down). Apparently, the “banksters” did not like something this weekend. Maybe the fact that the Geithner’s plan is delayed until Tuesday…

Chickenpookie
Chickenpookie
Reply to  David
February 9, 2009 4:58 am

Buy the rumor, sell the news!

Ron Sen
Ron Sen
February 9, 2009 2:30 am
aucourant
aucourant
February 9, 2009 1:59 am

A very interesting take on how the corruption in high places will prevent the American people from buying into plans to bail us out of the mess were in. Same with the UK. Basically Obama’s efforts will fail because people don’t trust the government and mistrust the efforts of those who got us into this mess in the first place.

http://tinyurl.com/dk4942

shark_attack
shark_attack
February 9, 2009 1:36 am

Craig,

Have faith that what the universe has in store for each of us will be comforting, will be natural, will be ….. right, when all is said and done. Not to mention inevitable, in the fullness of time.

Not to say that I believe in destiny, but we are all children of this world, even if we may exist independently of someone’s master plan.

Having said that, God bless your mom and I am pulling hard for you both.

Mark Barry
Mark Barry
Reply to  shark_attack
February 9, 2009 1:40 am

Very well said Shark.

Finger Lakes
Finger Lakes
Reply to  Mark Barry
February 9, 2009 4:43 am

Best wishes for your mom’s speedy recovery.

Rob.

Grym
Grym
February 9, 2009 12:33 am
Grym
Grym
February 9, 2009 12:31 am
David
David
February 9, 2009 12:20 am

I did a little more background analysis of ESLR after their recent earnings report, and what concerned me the most was that they are planning to reduce their production costs to $2/watt by the end of 2009, while FSLR *already* has production costs of $1.08 (from the FSLR web site) and sold 735 MW of panels in 2008 (5 times the annual rate ESLR is planning to achieve by the end of 2009). This is some tough competition to fight against… The average sales price for ESLR was $3.39/watt for 4Q2008, which looks to be at the low end of… Read more »

Johnny
Johnny
February 9, 2009 12:19 am

I hope you mom heals quickly.

Johnny
Johnny
February 9, 2009 12:11 am
barry
barry
February 9, 2009 12:06 am

After decimating the Republicans, one has to wonder what they are worried about.

http://www.wnd.com/index.php?fa=PAGE.view&pageId=8

vinod
vinod
February 8, 2009 8:18 pm

Helium was up, feathers were down. Paper was stationary. Fluorescent tubing was dimmed in light trading. Knives were up sharply. Cows steered into a bull market. Pencils lost a few points. Hiking equipment was trailing. Elevators rose, while escalators continued their slow decline. Weights were up in heavy trading. Light switches were off. Mining equipment hit rock bottom. Diapers remain unchanged. Shipping lines stayed at an even keel. The market for raisins dried up. Coca Cola fizzled. Caterpillar stock inched up a bit. Sun peaked at midday. Balloon prices were inflated. And Scott Tissue touched a new bottom. And batteries… Read more »

tradingmyChips
tradingmyChips
Reply to  vinod
February 8, 2009 11:47 pm

LOL

BEST market summary Ive seen in a long time!Printed and framed.

Chickenpookie
Chickenpookie
Reply to  vinod
February 8, 2009 8:48 pm

“Cows steered into a bull market.”

Were the bears hibernating?

Telestar3d
Telestar3d
February 8, 2009 7:37 pm
NYUGrad
NYUGrad
February 8, 2009 6:57 pm

http://tinyurl.com/bne23v
“Treasury Secretary Tim Geithner will unveil the eagerly-awaited announcement of the TARP overhaul a day later than planned in order to focus on stimulus.”

Mark Barry
Mark Barry
Reply to  NYUGrad
February 8, 2009 8:07 pm

NYU- Thanks for the comments on Friday. Any one get the feeling these guys don’t know what to do and are afraid to pull the trigger? Afraid of the markets reaction and plunging us deeper in this recession? Took the family out for dinner last night under the guise of a “family night out”. When in fact I was interested in seeing how busy some of the local chains were fairing. (Think Outback Steak House type.) Much to my surprise, all for of the places we went to had lines out the door and long waits. We finally found a… Read more »

Craig
Craig
February 8, 2009 6:16 pm

Okay shark, My Mom had a 911 call yesterday and had a massive heart attack and seizure in the ER. They shocked her twice and brought her back, but told us to not expect her to survive. She was too weak for angio so they put her on a clot buster med and a while later she was arguing with the nurses, so I know her inner Irish is coming out and she will be fine. The critical time is the next 48 hours. How’s THAT for perspective? Maybe we can get your sister and my brother together for some… Read more »

yvrapx
yvrapx
Reply to  Craig
February 9, 2009 1:21 am

Craig I hope your mother’s health takes a turn for the better, take care.

Babybear
Babybear
Reply to  Craig
February 8, 2009 9:47 pm

Best wishes to your mother Craig.

Bull Hunter
Bull Hunter
Reply to  Babybear
February 8, 2009 11:14 pm

My thoughts and prayers are with you and your family, Craig.

Regards,
BH

shark_attack
shark_attack
Reply to  Craig
February 8, 2009 9:21 pm

Craig,

You are my brother and will always be.

2nd_ave
2nd_ave
Reply to  Craig
February 8, 2009 8:21 pm

Craig- Just got back from errands, and must have missed your post by minutes. Sorry to hear that. Whatever else happens in this life, family always comes first. All the best.

Chickenpookie
Chickenpookie
Reply to  Craig
February 8, 2009 7:45 pm

I’m wishing your mom well Craig, take good care of her.

Mark Barry
Mark Barry
Reply to  Chickenpookie
February 8, 2009 8:11 pm

Ditto Craig. You sound like the type of person well prepared to handle this. Good luck to you and your family.

vinod
vinod
Reply to  Mark Barry
February 8, 2009 8:24 pm

Craig
tender loving care has uniformly been recognized as a valuable element in healing
Good luck to you and your family

David
David
Reply to  Craig
February 8, 2009 6:52 pm

I hope your mother comes out fine, Craig… Hang in there!

shark_attack
shark_attack
February 8, 2009 5:56 pm

I’ve come to a startling conclusion in the past couple of years. Namely, there is presently no predictive theory of equity prices that is accurate enough to risk money with. Practically speaking, I have concluded that my attempts, many failed, to suggest to the group stocks that may work out has a result that isn’t any better, or at least is not significantly better than chance would provide. Since I have enough to worry about losing my own capital in these mad, crazy markets, the idea of my suggesting investment ideas to others is, as is true of 99 percent… Read more »

Telestar3d
Telestar3d
Reply to  shark_attack
February 8, 2009 7:12 pm

Shark, go to the library check out and read Perry Kaufman’s “Trading Systems and Methods.” It will give you great insights into your question of pure chance and stock picking. His book on Smarter Trading is interesting also. Fortune’s Formula by William Poundstone is a great read on the casinos and wall street. I have not read Trading Systems and Methods in 15 or 20 years, I think I’m going to the library and re-read it myself. PS. I posted Shark Attacked Tamed, it has been my computer back ground for years since it reminds me of the players we… Read more »

2nd_ave
2nd_ave
February 8, 2009 5:34 pm

http://tinyurl.com/chxks7 “[Larry Summers} said Sunday that new, soon-to-be-announced financial measures by the Treasury will include creating incentives for the private sector to invest in troubled banks. “One measure the Treasury is considering would create a “bad bank” or “aggregator bank” that would buy illiquid mortgage securities. It would be partly funded by some of the remaining money from the existing $700 billion Troubled Asset Relief Program fund, but the majority of the funds would come from the private sector, according to a Wall Street Journal report Sunday. “In addition to the creation of a bad bank, the Treasury plans to… Read more »

Craig
Craig
February 8, 2009 4:32 pm

Of course they understand funding is based on the census, as did their predecessors that purposely under-counted various segments of our society for THEIR own purposes. What has been the result? How are we doing? LOL! More poor and unemployed than EVER. Do you mind if we switch now? I would assume there are both practical reasons (Gregg’s obvious high qualifications) as well as a political component. DUH! Is this news or revelation? Hardly. As for states rights, California has a marijuana industry that is quite public and flies in the face of federal drug laws, as does California’s insistence… Read more »

EDC
EDC
Reply to  Craig
February 8, 2009 5:34 pm

Craig, The whole point of a Republic is to serve the people. The executive branch has gotten out of hand, no thanks to our prior leader GW. The people used to be on top and the government was below, well over the past 100 years that has flipped. Creating a Czar or new position or cabinet post or more government is the problem. It takes money from the private sector and puts it in your governments hands. The white house can’t even VET their own cabinet leaders. Something is obvious, either someone is so arrogant they didn’t care to stop… Read more »

Grym
Grym
February 8, 2009 2:43 pm

Craig,

“Sounds like Rahm has his thinking cap on to me.”

Yes, that’s what bothers me.

If the administration feels Judd Gregg is not going to do a good job…

A. Did they only appoint him to get credit for “reaching across the isle”?

B. Is this another example of their wacky vetting?

C. Do they recognize just how much money is allocated based on census data?

(Hint: skip A.& B.)

Grym
Grym
February 8, 2009 2:30 pm
2nd_ave
2nd_ave
Reply to  Grym
February 8, 2009 5:26 pm