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Politics : Welcome to Slider's Dugout
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From: SliderOnTheBlack8/3/2007 8:32:01 AM
  Read Replies (4) of 50482
 
STOP.... TIME OUT:

Let's turn this ship around before we sink back
into the abyss.

Ron -- 2nd warning to chill out. Quit pushing buttons
just to be pushing buttons. If you have some analysis
like the insider buying on IPSU - fine, then share it
and comment on it.

Ignore the appearance of new aliases & screen names.

I really want to maintain a "no-ban" format here.

Again, this thread is about the macro/big picture
...not 27 minute in & out 2 tic trades. There are threads
for that all over SI. If that's what you want to discuss -
go there...not here.

On topic...bull, or bear...pro and con. All opines welcome.
Just keep on topic and stop the personal tit for tat childish
banter.

End of subject.

On topic:

Wells Fargo just shot up the rate on their prime 30 yr. Jumbo
1st mortgages from 6 7/8ths to 8%.

Now keep in mind that is for a "jumbo."

We shall see what follows for conforming/conventional.

CNBC talking about how important the jobs # is going to be
going forward... as people needs J-O-B-S to pay back this
mountain of debt.

I've spoken many times about the timliness of the new
bankruptcy laws.

Obviously, they saw it all coming.

The question remains:

"Will Wall Street finally be caught holding it's own bag?"

The shift from greed to fear, from debt to savings, and
away from leverage is cyclical in nature - not episodic.

We've been here and done this many times.

The key is to be pre-positioned.

It's going to be very interesting to see if the Fed continues
to substitute one bubble for another as this subprime cesspool
sends fractures through the derivatives market and takes out
one over-leveraged player after another.

Flash: Soft Jobs Report disappoints.

Let's see it they game the futures at the close again today.

Be carefull out there.

More Sunday,

SOTB

PS: If you ever felt like Wall St. had a bullseye on
your back...or, wondered if there really is an
"us vs. them" mindset on Wall St..... just listen
to all the pussyfooting by the media about the
the "mysterious closes" in the last 30 minutes
over the last couple of days.

CNBC's Joe Kernan asks guest after guest:

"Who's doing all this buying in the final minutes?"

"Is it a couple of very large firms?"

And not one single pundit will come out and call
a spade a spade.

The insiders must remain iside and the "game" must
remain -- "Us versus Them."

Always has been... always will be.

The ultimate revenge will be if Wall Street finally
gets caught holding their own bag.

Today's tape will be key.

It will speak both loudly and clearly as to what
the Fed's gameplan is...and their degree of committment.

Wall Street insiders from Countrywide's Angelo Mozillo,
to Paul Tudor Jones are getting a taste of their own
medicine.

For once... the knife has cut both ways.

Watch the tape today... given the soft jobs number
and continued deleveraging...it will be a key "message
from the markets day".
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