haha

i have puts on LEH and july puts (expire tomorrow) on the SPY
look at MER's missed earnings. crazy.

I seriously feel bad for Americans that don't know how difficult their lives will be with the fed not caring about inflation. I heard REAL inflation is in the double digits now.

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soulful/latin/deep house + jazz

I'm sure real inflation is in the double digits. The government says the PPI increased 7.1% last month year over year...which brings the annual rate to around 8.6%, and bear in mind these are GOVERNMENT statistics. I wouldn't be surprised if they were understating them by 50% or more.

Data came in last week on import import prices too..up a whopping 20%! This means all your cheap goods from Wal-Mart aren't going to be quite as cheap in the future. A 20% increase in imports is insane, and it has everything to do with the crashing dollar. It effects everything. Prices on food, gas, and consumer goods are soaring and wages can't keep pace. Inflation is a huge huge tax on everything..and the best part for the politicians is that they don't get blamed for it. They don't need to raise taxes to fund their welfare/warfare state...They just print more money and inflate their way through it..

The downside is that everyone with savings or investments earning less than 8% is losing purchasing power. Everyone who doesn't get an 8% raise this year is falling behind and will have less disposable income than they did last year. Inflation is an invisible tax, which makes it the worst tax of all.

freddie mac planning to raise capital by issuing stock
http://online.wsj.com/article/SB121...p_us_whats_news

market will be really down tomorrow (fri)

this volatility is interesting. I can't believe people actually believed that the bear market was over after a one day rally. And that one day rally was interesting too. Wells Fargo beats earnings (likely because of accounting tricks) + bernanke lying + george w bush lying + "no naked shorts rule" = massive rally

i seriously thought people that poured money into this were at least somewhat wise

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soulful/latin/deep house + jazz

Last edited by mndeg on Jul-18-2008 at 06:10

I am so minimally invested right now, most of my funds are no longer compliant.

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I am heavily invested at the moment..

I'm finally able to do some nitty gritty stock analysis, so next week, I should be fully invested again.

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MER reports -5.0 EPS instead of -2 EPS and it goes up
uhh...

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soulful/latin/deep house + jazz

quote:

Originally posted by mndeg MER reports -5.0 EPS instead of -2 EPS and it goes up uhh...

The Plunge Protection Team hard at work!

apparently they don't care about the regional banks because they are going down today while investment banks and larger banks are flatish

I wonder how all of this is going to end

http://www.rttnews.com/Audio2/2008/July/18/INTV-ROUBINI-BanksFail-07.18.08.mp3

with that said I don't like how one bank can buoy all banks. this doesn't seem to be the right time to be trading.

here's the news!
FNM taking steps to issue more stock
http://biz.yahoo.com/ap/080718/freddie_mac_capital.html?.v=11

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soulful/latin/deep house + jazz

Last edited by mndeg on Jul-19-2008 at 00:16

quote:

Originally posted by Moongoose Oh man, and i thought that i was the only one that was loosing money. Im loosing money where i never thought i would loose it, the only reason that my fund hasn't plummeted farther is some speculative day to day trading. The horror

If you think you're doing badly, look at the croatian index and these stocks on the market in the past year:

http://www.rast.hr/hr/trziste/grafi...CROBEX&f[tip]=2

http://www.rast.hr/hr/trziste/grafi...%3AZSE&f[tip]=2

http://www.rast.hr/hr/trziste/grafi...%3AZSE&f[tip]=2

http://www.rast.hr/hr/trziste/grafi...%3AZSE&f[tip]=2

Now that's how real men loose, not like your whiney 10-20%

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1+1=10

when a company reports earnings and miss or beat the earnings how do people calculate the new share price which is basically snaps to instantly? is it the basic finance P= D1/k-g that you learn in university or what?

i have puts on sndk and it tanked today AH

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soulful/latin/deep house + jazz

quote:

Originally posted by mndeg when a company reports earnings and miss or beat the earnings how do people calculate the new share price which is basically snaps to instantly? is it the basic finance P= D1/k-g that you learn in university or what? i have puts on sndk and it tanked today AH

They don't. Companies usually report "ex-items" numbers (i.e. what we made if we exclude "one-time" bad things), as well as their GAAP numbers. When companies report earnings, their stock prices usually react given where the company came in relative to expectations, whether or not the stock ran up or sold off ahead of earnings, and most importantly, what the guidance/outlook is. Usually guidance impacts the price more than anything. Example, MHK just "beat" by 2c but issued guidance well below consensus expectations. Consequently, the stock is off about $3 after hours. AAPL just gave horrendous guidance (though they notoriously sandbag expectations). Aside from speculation about Steve Jobs' health, the stock is getting creamed.

Congrats--looks like SNDK missed big.