[MonteQuest]

Can anyone remember a more somber list? Man!

Subprime Mortgage Security Sales Grind to a Halt - Bloomberg(08/15/2007 4:26 PM)
Subprime Problems Spread Into Commercial Loans: Morgenson - NY Times(08/15/2007 5:18 AM)
Commercial paper market under pressure - FT(08/15/2007 5:40 AM)
Our Risky New Financial Markets - WSJ ($)(08/15/2007 5:43 AM)
Sentinel: A Sign Of Worse Things To Come? - Forbes(08/15/2007 5:43 AM)
U.S. Three-Month Treasury Bill Yield Falls Most Since Oct. 1989 - Bloomberg(08/15/2007 4:28 PM)
Mortgage Lenders See Credit Costs Soar - WSJ(08/15/2007 7:14 PM)
Hedge fund losses prompt exits as deadline looms - Wash. Post(08/14/2007 9:50 AM)
Hedge funds prepare for mass redemptions - FT(08/14/2007 9:28 PM)
Limitations of computer models - FT ($)(08/14/2007 9:32 PM)
Fear makes a welcome return - FT ($)(08/14/2007 9:34 PM)
How Rating Firms' Calls Fueled Subprime Mess - WSJ ($)(08/15/2007 5:36 AM)
When Buyers Snub Sellers - WSJ ($)(08/15/2007 5:52 AM)
Goldman Says `Quant' Funds Need Different Strategies - Bloomberg(08/15/2007 7:12 PM)
Sentinel moves to halt client redemptions - CBS Marketwatch(08/14/2007 1:59 PM)
Goldman cuts fees to save fund - FT(08/14/2007 9:16 PM)
Goldman Fund Cuts Fees to Woo Investors After Loss - Bloomberg(08/15/2007 5:09 AM)
Basis Capital Tells Investors Loss May Exceed 80% - Bloomberg(08/15/2007 5:12 AM)
How a Goldman hedge fund shrank a third in a week - Reuters(08/15/2007 5:16 AM)
Investors Mull How to Get Out Of Hedge Funds - WSJ ($)(08/15/2007 5:52 AM)
US banks create trading system - FT(08/14/2007 9:20 PM)
Testing times for complex $1,500bn industry - FT(08/14/2007 9:23 PM)



Countrywide Shares Fall After Merrill Cites Bankruptcy Prospect - Bloomberg(08/15/2007 11:58 AM)
The Implications of Wal-Mart's Warning - Business Week(08/15/2007 5:54 AM)
U.S. Homebuilder Confidence Declined to 16-Year Low - Bloomberg(08/15/2007 4:28 PM)
Amgen Will Cut 2,200 to 2,600 Jobs, Saving $1 Billion - Bloomberg(08/15/2007 4:29 PM)
CEO confidence at five-year low - FT(08/14/2007 9:04 PM)
Thornburg Delays Dividend; Shares Tumble Before Halt - Bloomberg(08/14/2007 4:48 PM)
Mattel issues new toy recall - Dallas MN(08/15/2007 5:34 AM)
Cost of data breach at TJX soars to $256m - Boston Globe(08/15/2007 5:34 AM)



Credit woes spread to Canadian CP market - Reuters(08/14/2007 5:03 PM)
Sub-prime crisis engulfs 'jumbo' lenders - UKTelegraph(08/15/2007 7:59 PM)
Research reports warn of more Canada CP "distress" - Reuters(08/14/2007 11:39 AM)
Credit crisis hits Australian lender Rams - FT(08/14/2007 5:05 PM)
ECB chief fails to reassure markets - FT(08/14/2007 9:04 PM)
Eurozone growth falters - FT(08/14/2007 9:05 PM)
China's Industrial Output Rose 18 Percent in July - Bloomberg(08/15/2007 5:30 AM)



At Mortgage Banks, `Going Concerns,' Going, Gone: Jonathan Weil - Bloomberg(08/15/2007 5:34 AM)
`Safe' Mortgages Proved to Be the Ultimate Risk: David Pauly - Bloomberg(08/15/2007 5:35 AM)

http://www.prudentbear.com/default

[OilIsMastery]

Can anyone remember a more obvious buying opportunity? Buy despair.

[Eli]

Go right ahead big guy, buy all you want.

While you're at it why don't you float a couple of loans to some mortgage lenders, they sure could use one right now. Remember if you timed it right you could have gotten in on the ground floor of Tower 2 cheap.

Seriously, that is a pathetic statement unless you really are loading up on equities.

The largest credit bubble ever + PO= lights out

[lawnchair]

$this->bbcode_second_pass_quote('OilIsMastery', 'C')an anyone remember a more obvious buying opportunity? Buy despair.

[SinisterBlueCat]

while i do not disagree with a sentiment...i do not think we are close yet to dispair.

[SinisterBlueCat]

but i think there is a lot of moola to made in the markets for those smart and brave of heart

[Eli]

Add to that list Monte the Yen Carry Trade slipping into a forced unwinding.

Yen 116.12 it was over 117 earlier today and 118 the day before, very not good. Below 116 we get forced margin calls and one hell of a crash. Here is a nice link that esplains it all.

edit 116.01

Now is when we get to see blood in the streets.

[PrairieMule]

$this->bbcode_second_pass_quote('MonteQuest', 'P')M)

Countrywide Shares Fall After Merrill Cites Bankruptcy Prospect - Bloomberg(08/15/2007 11:58 AM)

[SinisterBlueCat]

camille!

no, no, we are not even close to there yet.

undoubtly it is ugly out there...but blood in the streets is a bit of a stretch, unless you mean on wall st. that is!

[Eli]

No I am talking about the Yen Carry trade coming apart now up to the 115.60 level in the last few minutes.

It is the hedge of all hedges, trillions in dollars and other currencies must be sold to get back into the Yen.

Panic is coming tomorrow what we have seen has been kid's stuff

Nikkei down 590 tonight.

[SinisterBlueCat]

eli...ouch!!!

whoa

[Bewildebeest]

Swiss franc was also used for carry trade, yet the dollar is gaining substantially against it at the same time it is losing against the yen. I did not expect this and am not sure why it is happening.

USD is gaining lots of ground on all currencies except yen.

[Eli]

Holy baJebus!

Futures are down 200 on the dow!

For a down day like to day 10 or 7 means the markets are probably going lower.

[Zardoz]

$this->bbcode_second_pass_quote('MonteQuest', 'C')an anyone remember a more somber list? Man!

[Plantagenet]

The market is a pretty good prognosticator of the overall economy. If the market keeps heading south, the economy will likely start to deteriorate and unemployment to rise in 6-12 months.

[OilIsMastery]

$this->bbcode_second_pass_quote('lawnchair', 'B')uy what?