Yeah, I'm looking forward to seeing the results of this "Wanta-gate" thing.

From what I read, it could be an answer to a prayer...

This Wanta-gate deal makes my blood boil.These big time banksters think they can do whatever they want with no repercussions.Why is this just now surfacing?When it states this should have taken effect in 2006.

I won't be around till closing bell today because of work, but futures of the dow are now over 400 points. The Hang Seng is up over 10% today

Most markets around the world so far has boosted well over 5% gains for monday. The US looks like it has the same thing in store for monday. Not necessarily an indicator long term, but for the short term it does ease tension.

That was the floor as predicted on friday folks. I can't envisage a further slide at the moment... even the speculators and traders dont want a total collapse.

These banks are trading way, way below book value. They messed up, but they don't really deserve the hammering that they are getting from their low stock prices (apart from RBS and their stupid ex-CEO). The levels at the moment are unsustainable in the long run.

While the short term trend will be moderately stable, medium term should signal the first few steps of recovery. In 7-10 years it will all be back to normal, with another boom.

Since the governments will be buying equity directly, all banks are now invincible but under strict governmental oversight. This means that the banks are safe, and the deposits will be safer since there wont be any more extreme risk taking.

This financial crisis is over IMO. Now comes the massive corroding monster that is the American auto industry. This could well be out of the frying pan and into the fire.

From what I see, all the other countries did major moves to infuse cash into the credit freeze and we needed to do nothing. This of course (and I mentioned it earlier) has the overseas markets bouncing back, and in turn our markets will follow into the bounce today. For now...

I wouldn't be surprised if this week is all upside now, but I am not convinced the problem is solved, because ultimately they have just made more credit, and too much credit is what caused the crisis.

The US now sits back and gets a boost in the markets - but are we out of the woods? I think not. They darn well better take this time to FIX IT.

I don't know how much more of a shell game we can take, so don't go getting all optimistic after the bounce. Do take advantage of it if you can, but please don't be lulled into a flase sense of security, and watch it carefully.

Me - I'm not touching this market with a 10 foot pole since I have to work during the day, and I really think only experienced day traders can play this, never knowing from minute to minute what bomb will fall next.

Best case scenario, they only have to make it look good into the election. I don't trust any of it or any of them. Pity the fool who wins the White House.

On the other hand IF OUR MARKETS BOUNCE AND DON'T HOLD, like the morning spikes seen in the past two weeks that fizzled, I think you all know we are in too deep. The American people have to buy it all, and hopefully there are still enough of them to do it. I'm not one of them.

*Dying to see the Karl's Ticker tonight*

[edit on 10/13/2008 by Relentless]

The more i pay attention to KD on his forum . The more i can't stand the guy at all.

I applaud him for taking the time to try and persuade the people of the U.S.A to realize they were paying for the Fed's Foreign Bailout plan because that is what it was. IT was foreigners drawing a line in the sand and saying. This MBS nonsense was FRAUD, and we are not lending to you, until you pay us back for it. I was considering joining the forum, but from my impressions....he runs it like a dictator.....so that was a bit of a put off... But it does make for some nice foot soldiers.

p.s was it me or did he look like a "poor man's" donald trump on his video's w/ the interesting hair style.

[edit on 13-10-2008 by cpdaman]

EDIT: Moved to more appropriate on-topic thread.

[edit on 13-10-2008 by LowLevelMason]

big day indeed nearly 1000 points! some of that was a short squeeze no doubt but the market was very oversold based on some put/call ratio's so the low from last week could stick for awhile, especially considering the rest of the world probably made it real clear to the U.S that no banks are going to be allowed to fail anymore, and that paulson is an inept and/or corrupt low life

the problem is the GOV't is now on the hook for further losses by the financial sector, YEAH gov't and as house prices fall, gov't will be on the hook BIG TIME, this is a way i can see the NWO agenda being able to reduce the power of sovering govt's by indebting them up to there ears and lowering there credit rating, possibly causing some to default.

Now it's time for the Gov't to put in a similiar plan to stop house prices from falling so much or they just untied the noose from the bankers necks and placed it around there own.

I would think that earnings will be very low so i don't see stock's really having a way to climb for more than a month or two (yes thursday low may be in place for a couple months) but likely will be replaced lower after the next few months (if not sooner)

this latest gaurantee from the fed's looks to put the govt's and the currency's on the line as the back stops , but i don't think the banks will be lending to consumers going forward..........this chaos is not over for main street by a LONG SHOT

[edit on 13-10-2008 by cpdaman]

[edit on 13-10-2008 by cpdaman]

it seems like there is alot of credit destruction as well as gov't increase in printing press money , also with commodity prices (oil and agriculture) coming down a ton from earlier this year, food inflation will be down (i would think) for a while. Not sure if people just burned in those two areas will jump back in enough to get near levels this spring, hopefully not for those of us who eat and drive. Lot's of hedge funds got burned and then had to unwind long positions in that sector.

Hyperinflation is always a political decision........good thing the banking establishement has there tentacles around every nation's gov't

watch the bond yields climbing to show signs of stress on the currency's, it will probably take a suprise move downward in earnings by banks and will depend on how much further down there collateral (house prices) fall.

[edit on 13-10-2008 by cpdaman]