(Note: I’m still on semi-vacation. Posting will resume its normal pace in September.) I’m passing along an email I got from Jeff, one of WallStrip‘s producers. If you know somebody who fits the bill please pass the info along to them…
Posted by 18 August 2007
Another Friday, Another Plunge Protection Team Rescue
(Note: I’m still on semi-vacation. Posting will resume its normal pace in September.) Well, it was another very volatile week in the markets. We had what looked like a solid reversal day on Thursday but futures were getting crushed in the pre-market on Friday. Then the Plunge Protection Team (aka the Federal Reserve) went to [...]
Posted by 18 August 2007
Countrywide, oh Countrywide…
The Chairman posted a link to an article about a “bank run” on Countrywide Financial Corp. (CFC) . I just had to shake my head and laugh after reading that article. I’ve been watching that company, which happens to hold my mortgage, closely this year. Back in March when the subprime/credit concerns first got serious [...]
Posted by 12 August 2007
The Roof is on Fire, The Fed Brings Water…
(Note: I’m still on semi-vacation. Posting will resume its normal pace in September.) The Roof! The Roof! The Roof is on fire! We don’t need no water, let the mutha-f#^*@ burn. Burn mutha-f#^*@, burn! Apparently the Fed (aka The Plunge Protection Team (PPT)) isn’t down with “letting it burn”. The US Fed joined other global [...]
Posted by 9 August 2007
Quick Look at the Indices
(Note: I’m still on semi-vacation. Posting will resume its normal pace in September.) So, has anything exciting happened in the markets since I’ve been gone? I’ve been trying hard not to look at the market during the day for the last week or so but it’s been tough not to peek. It’s been a long [...]
