09.24.08
Posted in Uncategorized at 10:19 am by optionplayer
when will the banks pay back yes return thier bonuses and fees as Merrill former boss and many many others should not be permitted to keep anything from the last 4 years of madness as it has been based on deceit lies more deceit and greed and stretching the law!
so with neo conservatives and evangeligal expecting to win power! lets have some guidance here ? as other faiths have let us down ? and we know which faith has excelled with Greed at any cost??
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09.23.08
Posted in Uncategorized at 8:16 am by optionplayer
as we said earlier we must continue this market fear ! and so to get Congress to agree to 700 plus Billion USD !!
Fear must be there ? be prepared for maybe this week a 1000 down interday ? just to cement that fear feeling ??
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09.21.08
Posted in Uncategorized at 7:42 pm by optionplayer
President George W. Bush said he called leaders in both houses of Congress and “found a common understanding of how severe the problem is and how necessary it is to get something done quickly.”
“This is going to be a big package because it’s a big problem,” Bush said following a meeting with Colombian President Alvaro Uribe at the White House. “We need to get this done quickly, and the cleaner the better.”
Democratic presidential nominee Barack Obama said in a radio address that he “fully supports” Paulson and Fed Chairman Ben S. Bernanke’s efforts to stabilize the financial system. The plan, however, should benefit both main street and Wall Street, he said.
McCain Comments
Republican Presidential nominee John McCain “looks forward” to reviewing the proposal while focusing at least in part on “minimizing the burden on the taxpayer,” said Jill Hazelbaker, communications director for the McCain campaign.
The ban on legal challenges of actions by Treasury is “distasteful, it’s unfortunate and it’s bad precedent, but this is an emergency and you have to act,” said Jerry Markham, a law professor at Florida State University and author of “A Financial History of the United States.”
“What you don’t want happen is to have lawsuits that will slow things down and cause problems,” he said.
The proposal would raise the nation’s debt ceiling to $11.315 trillion from $10.615 trillion and require the Treasury secretary to report back to Congress three months after Treasury first uses its new powers, and then semiannually after that.
Paulson would gain discretion to act as he “deems necessary” to hire people, enter into contracts and issue regulations related to a revival of U.S. mortgage finance, according to a three-page proposal. The Treasury would “take into consideration” protecting taxpayers and promoting market stability.
Reverse Auctions
The Treasury may hire managers to purchase the assets through so-called reverse auctions, seeking the lowest prices, Treasury said yesterday. The document specifies that Treasury may buy only assets issued or originated on or before Sept. 17.
The House will pass legislation to implement the plan by the end of this week, and the Senate will act soon after, Frank said on Sept. 19 in an interview on Bloomberg Television’s “Political Capital with Al Hunt.”
Bush said yesterday he’s unconcerned that the price tag on the package may seem high.
“I’m sure there are some of my friends out there that are saying, `I thought this guy was a market guy, what happened to him?”’ the president said. “My first instinct was to let the market work, until I realized, while being briefed by the experts, how significant this problem became.”
The Bush administration seeks “dictatorial power unreviewable by the third branch of government, the courts, to try to resolve the crisis,” said Frank Razzano, a former assistant chief trial attorney at the Securities and Exchange Commission now at Pepper Hamilton LLP in Washington. “We are taking a huge leap of faith.”
To contact the reporter on this story: Alison Fitzgerald in Washingtont ; John Brinsley in Washington at jbrinsley@bloomberg.net
Last Updated: September 21, 2008 10:55 EDT
so more jobs for Goldman and friends ! to manage what had been previously managed by the street by similar if not the same people as well as before ? or what ?? what is reallly going on ? in whose head by who for who ? or will we only know the truth after the election ?
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09.20.08
Posted in Uncategorized at 6:05 am by optionplayer
Goldman name is all over the street Thursday as they appear to be the latest name and stock to have problems – and surprise surprise we have an emergency packadge from US worth 100’s of Billions and Uk / and FSA interfearance in markets – stating market abuse -even though for the last year and Northern Rock demise and much more carnage on going we have no serious comment-
we have Rubin ex Goldman advising Obamma economic policy and Thain ex Goldman and now also for putting Merril Lynch into play responsibility for Mc Cain economic policy! wake up! what is going on with this excessive greed culture as if you ever can communiacte with a Goldman partner – they are a special and at times dangerous breed as everything is money and more money and more more ! at any cost-as long as no embarrassment to the firm !
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09.19.08
Posted in Uncategorized at 5:44 pm by optionplayer
as Congress needs to play politics beware we will have mixed signals so we could see a re test of 18th Sep lows and then climb again so be prepared
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Posted in Uncategorized at 5:21 pm by optionplayer
as we have said all week and especially yesterday buy this market
intervention by Paulson and team should not be any surprise
and remember when Goldman looks weak like yesterday / the market will not accept/
blame the shorts / this is an excuse, as the real culprits well never be identified! so why insult our inteligence but sadly CNBC and the rest of the financial media wish to overlook this?
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09.17.08
Posted in Uncategorized at 10:44 am by optionplayer
When the next Government , and let’s assume it will be Mc Cain / Palin as this present market turmoil pending sharp rally and Oil price scares must all help them get elected.
We will have soon AIG such a gigantic corporate and International player everywhere and especially in China! to be run by State appointed managemnt ??
Well l China is influencing the system in mysterious ways and market turmoil is disguising some radical political changing events – using fear like with the establishment of Homeland security in 2001 now it is New Capitalism in September 08??
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Posted in Uncategorized at 10:31 am by optionplayer
When you look at so many twists and turns these last weeks in particular have another look at Goldman putting Meril with Bank Of America and Goldman seeing AIG go under State control with JC Flowers participation before during and we suppose very much aferwards ?
Paulson EX – Present and or Future Goldman— difficult to truly dicipher -
Thain and Flowers all over the various shops and conversation > Demise of AIG and Lehaman one with shareholder destruction the other in all capacities
what is truly going on!! Thain a supporter of Mc Cain- yes besides fund raising – looking for a position in the next government !
Paulson a supporter of present status quo , so will assume a MC Cain victory!!
September 2008 will be remembered when it is properly re searched at a later date for various astute takeovers with far reaching consequences later !! resulting obviosly with even more power for Goldman and this select and at times secret club!!
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Posted in Uncategorized at 6:11 am by optionplayer
patience now as the Rallies of rallies will unfold-
remember same time last year Sep 2007
when we rallied into year end we beat all expectations last year
this time this year with US elections pending we will be even more extreme on a year to year basis and all upside targets will be eventually taken out
First 1425 SP 500
then 1600 and eventually 2000
Dow also look for eventual 20 000
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09.15.08
Posted in Uncategorized at 12:51 pm by optionplayer
SP500 is a BUY yes around 1215 on the Dec it is a buy and March 09 1600 Calls at 345 a contract is a buy too
With Lehman out of the way and Fuld has folded this was a hedge fund gone wrong not an invesment bank and it has been curtains for the last year except they did not have a STOP and the management ran it into the ground to try and protect their options
as for Oil i like 130 Jan Calls at less than 1 USD which is 1000 a contracti can see 147
stay cool and stay good and i hope stay healthy
yes US equity will go up from here and we will have an election rally pre rally and next year we will see 2000 on the SP500 and 20,000 on the Dow
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