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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (341440)	8/18/2007 11:06:49 PM
From: Giordano Bruno	Respond to of 436258

What's Next Analysts are cautiously optimistic about the effects of the Fed's decision to cut the discount rate. But the near-term direction of stocks still hangs on "what shoes happen to drop" in the credit market, says Art Hogan, of Jefferies & Co. More news of frozen funds or troubled lenders would continue to rattle the stock market, he says. Georges Yared of Yared Investment Research thinks next week will bring some improvement, saying the Fed put in "a floor" -- but most analysts don't sound so sure the pain is over. "I don't think we're anywhere near out of the woods," says Charles Rotblut, of Zacks Investment Research. "Not only did the Fed do an about-face, the question is, what did they see that caused them to cut rates so much?" he asks. Mr. Rotblut thinks stocks -- especially in the absence of much economic data to trade on -- stand to keep falling next week. And though the Fed provided something of a break on Friday, the housing market remains in disorder, says Jack Ablin of Harris Private Bank. "I still think we need to examine what the ultimate economic implications are [of] the deteriorating housing market," he says. "Liquidity aside, we do have some heavy damage in the housing market, and we have to see how much impact there will be." A few pieces of economic data roll out -- namely, July new-home sales and durable-goods orders -- but they are few and far between and unlikely to drown out the market's predominant worry. "Surprise, surprise, new home sales will probably be weak," says Bob Pavlik, of Oaktree Asset Management, noting that data on housing starts and building permits this week did little to move stocks. Any indication that lenders such as Countrywide Financial are having less trouble accessing funds or that government-backed lenders such as Fannie Mae will be given special dispensation to buy more mortgages will likely be welcomed. But some investors fear financial-services companies will have to "mark to market" their troubled mortgage investments, resulting in more profit warnings. If the stock market can't hold its gains, then leveraged investors may cry havoc and continue dumping securities to free up money. "I think rallies right now should be sold and that this thing is not over yet," says Steve Sachs, director of trading at Rydex Investments. Under the Radar Federal bank and thrift regulators have been careful not to offer any window into their regulatory machinations during the past two weeks as floundering housing and credit markets have dried up liquidity and sent financial stocks reeling. Many of the market pressures began as Congress left Washington for its August recess. Public appearances by bank regulators immediately halted. This could change as soon as next week, however, as the Federal Deposit Insurance Corp. and Office of Thrift Supervision have scheduled unrelated press conferences. At these appearances, senior officials will likely face questions about the safety and soundness of the industry. WSJ

To: Box-By-The-Riviera™ who wrote (341440)	8/19/2007 1:13:58 PM
From: Lucretius	Read Replies (2) \| Respond to of 436258

not true. if u are wall street, u have 9 lives. fed brings you back to life -g-

To: Box-By-The-Riviera™ who wrote (341440)	8/19/2007 2:03:24 PM
From: Broken_Clock	Respond to of 436258

Interesting post from the local rag. A democrat explains why they won't impeach our homegrown Nazi...But, IMO, the real reason is they sense they can get their own nazi in power next year so why rock the boat? They might need a few republican votes... HONOKAA MEETING Mazie Hirono’s comments disappoint I went to the Honokaa town hall meeting today to hear and speak to Congresswoman Mazie Hirono. I have never been so disappointed. She already talks like a 30-year D.C. congresswoman. Another Daniel Akaka or Daniel Inouye in the making who will bring home the pork for years. I was the last person to ask a question and I asked: “Given that this president has lied to Congress and the American people, tortured prisoners of war, continues to disappear people off the streets anywhere in the world, has violated the Geneva conventions and has illegally wiretapped U.S. citizens, why is impeachment off the table?” Her reply was: “We don’t have the votes. When I pressed her on this, that police don’t get to turn a blind eye to crimes because it’s not popular to stand up to the criminals, she admonished me that she was with me on this issue but these things take time and “It hasn’t reached the ‘tipping point’ yet.” Well, how about that? Until it’s popular, Mazie is gonna sit on the sidelines. Next year, the complaint will be that there are elections and we can’t do it then. Every month, she will line up her reasons for not doing her constitutional duty. Her advisers are wrong on this. Her instincts are right, but she won’t follow them. If she truly feels like we do, she will get rid of these advisers who tell her to follow the party line. We will fight hand and fist to support her if she stands up for what is right. If not, we should retire her at the next election and get a new one. If we keep trying, we may eventually get one with the sense to follow their instincts, not their handlers. Mazie is no Patsy Mink. Stephen Wheat Kukuihaele