Showing posts with label LEH. Show all posts
Showing posts with label LEH. Show all posts
Wednesday, September 10, 2008
More Of The Same?
Up 300 down 280, what do we expect of today? LEH searching for funding and supposedly getting denied by a Korean bank, OPEC cutting oil production by 5mil barrels, hurricane Ike still looming, housing report down. LEH is going up in the futures market though, what's going on, purely speculation? Figuring out this market is the secret to wealth right now, especially right now becuase of the big moves back and forth. Right now the best thing to have is cash to capitalize on these big dips and ride them back up. The problem is all of the false bottoms and getting in too soon. The other day when Fannie and Freddie broke no one expected the next day to have another bank go down in flames. How much can this market take, it's a strong market and will work itself out but we do need to establish a bottom soon and reestablish some confidence. We'll see...Keep making Sense out there!
Tuesday, September 9, 2008
Lehman Brothers
Well, Well, Well...
Here we are again finding ourselves on the verge of anohter financial institution going bankrupt, will the bright shining horse of the govt. (sarcasm) come to bail out this over grown fat princess of a bank LEH just like it did her sisters FRE and FNM and BSC? Oh, I hope not! I'm sick of the government intervention here, let the overgrown greedy beasts die and let the market work it out. Every time the government intervenes it only delays the inevitable. The market can and needs to absorb these falls and failures in order for the crisis to be finally over. I'm sick of the government bailing out these companies that got themselves into this trouble in the first place because of wrong decisons made by greed. If an investor makes a wrong decison does the government come to the rescue and bail them out, I think not! Is the government going to bail out Mr. and Mrs. retirement whose retirement income is based off of preferred stock income in FNM of FRE, Nope! Instead they will get hit twice, once with the loss of their retirement becuase of the recent bailout and resulting drop in stock price, and twice with their tax dollars being used to pay for this bailout which will create yet another government institution. Is anyone else sick of this all too familiar cycle....(I won't even mention the airlines here, how many times have they been bailed out?)
Leave your comments please and keep trying to make Sense!
Here we are again finding ourselves on the verge of anohter financial institution going bankrupt, will the bright shining horse of the govt. (sarcasm) come to bail out this over grown fat princess of a bank LEH just like it did her sisters FRE and FNM and BSC? Oh, I hope not! I'm sick of the government intervention here, let the overgrown greedy beasts die and let the market work it out. Every time the government intervenes it only delays the inevitable. The market can and needs to absorb these falls and failures in order for the crisis to be finally over. I'm sick of the government bailing out these companies that got themselves into this trouble in the first place because of wrong decisons made by greed. If an investor makes a wrong decison does the government come to the rescue and bail them out, I think not! Is the government going to bail out Mr. and Mrs. retirement whose retirement income is based off of preferred stock income in FNM of FRE, Nope! Instead they will get hit twice, once with the loss of their retirement becuase of the recent bailout and resulting drop in stock price, and twice with their tax dollars being used to pay for this bailout which will create yet another government institution. Is anyone else sick of this all too familiar cycle....(I won't even mention the airlines here, how many times have they been bailed out?)
Leave your comments please and keep trying to make Sense!
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