It translated into almost 5% gain for me:haha:

wow nice breakout.. Wish I still had this one :p

with the Q2 reports out tomorrow...

here's the crop reports out today:

source: http://usda.mannlib.cornell.edu/usda...08-12-2008.pdf

in case anyone's interested: http://finance.yahoo.com/marketupdate/update

great time to short mfi

http://www.canada.com/vancouversun/index.html


i believe today they've hit a new 5 yr low

agree

a;slkfjsd

yes yes move it

agreed

I am currently 100% cash position, cash is king right now.

Someone laughed at me because I chose US stock portfolio, while his Canadian portfolio was gaining.

He wasn't laughing anymore, and I think he has been skipping Starbucks sessions these few days

:D:D

market crashing.... :) i love proshares ultrashortfunds

alot of money leaving stocks and going into cash/bonds pushing 20 and 30 year bond yields down, which may speed up the housing recovery i guess i dunno

can we move this thread already, there seems to only be a handful of ppl interested anyways

voted

ulic 4tw

I put the request in

I have FXP 85 calls

Sold them this morning and I think I will start building a Blu Ray collection :D:D

holy shit Treasury is about to back up Fannie and freddie

Watch for the bloodbath Monday, FNM already down 13% AH

edit: 25% down now. Nice job covering the news, Treasury.

Moved. 10charrrrrrrrrrrrrrrrr

Holy shit

I just heard a friend of mine is on margin, and is LONG on FNM

That's gonna hurt! I am guessing it will drop more than 50% on Monday Morning. I am not surprised if Freddie traded below $2 and Fannie below $3

Holy.. I hope your friend didn't put it too much money on Fannie!

Not necessary a bad thing, *depending where he got in* imho. Those 2 are too heavily backed by the Feds to have any issues with them. (if they go under 1.3trillion dollars of insured-mortgages go down the tube.)

http://en.wikipedia.org/wiki/William_H._Gross


Bill Gross has over 60% of his bonds in Fanny and Freddy, that does tell you something.

In theory yes, except he's on margin and I fully expect FNM to open below $5 tomorrow.

Nothing beats a margin call

the market is set to rally....hard

Fnmfnmfnmfnmfnm

Opened at 1ish, so I guess I am not getting into JPM any time soon

flipped Fanny for a couple of days of steak dinners.

SO volitaile. 483million share traded.

On margin is not a bad thing?
Not bad until your stock is down 89+%! Average margin account interest is about 6-7% annually.
Basically the FNM position is a "write-off". In order for $1 to bounce back to $5.. you need 500% gain! While you wait for that, you have to pay interest on the margin.

Hope that he only have invested few thousands in FNM.

Yeah, a few thousand on the Margin. He is panicing right now. Personally I dont think FNM will EVER bounce back above $2 without any news from the US Gov't. Wait till it hits .3 and get de-listed LOL

FNM is sitting on .74 AH, I might get some and see if it will have a BSC thing depending on the tradings, but the market is so freaking volitile these days I feel really uneasy trading, especially the financials since nothing has changed and the underlying market conditions remained largely the same.