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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (81848)	10/12/2008 12:57:44 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

I know the banks will be closed, but I think the markets will be open, we'll see if the futures trade tonight... actually, if the markets are closed for three days, that would be wonderful, they would open down about 3000 DOW points and that would be the bottom, I can't wait to buy that lower opening, I hope you're right...<g> GZ

To: Real Man who wrote (81848)	10/12/2008 1:34:52 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 94695

Do you agree with Jim Rogers in this video? Especially with his comment about how this bailout scenario will only set into motion an "inflationary holocaust," that's the term he used... TIA cnbc.com GZ

To: Real Man who wrote (81848)	10/12/2008 4:23:54 PM
From: stockycd	1 Recommendation Read Replies (1) \| Respond to of 94695

biz.yahoo.com I predict that LIBOR will come back down and that the equity markets will soar next week. They cannot have all those puts in the money...No one buying calls lately. After Friday, we will reverse until the election. After this is over, we will indeed have strong inflationary pressures...They will be unable to drain liquidity b/c of the economic conditions.They will just keep pushing out the inevitable end. cd

To: Real Man who wrote (81848)	10/12/2008 4:34:42 PM
From: TFF	Respond to of 94695

There is no way the USA will close the markets. Not so sure about the rest of the world though. On another note, FASB is pushing the envelope a little more for "mark-ups". U.S. authorities seek to clarify mark-to-market rules By Rex Nutting, MarketWatch Last update: 2:03 p.m. EDT Oct. 12, 2008 WASHINGTON (MarketWatch) -- The U.S. Financial Accounting Standards Board issued a clarification late Friday of its mark-to-market accounting rules that could allow financial firms to value some illiquid assets higher than those assets could sell for in the current distressed markets. The FASB ruling amplifies a statement it released with the Securities and Exchange Commission on Sept. 30, with examples of how companies should use their best judgment to value assets that have no active market. "Determining fair value in a dislocated market depends on the facts and circumstances and may require the use of significant judgment about whether individual transactions are forced liquidations or distressed sales," Friday's FASB statement said. "In determining fair value for a financial asset, the use of a reporting entity's own assumptions about future cash flows and appropriately risk-adjusted discount rates is acceptable when relevant observable inputs are not available," it said. Read full FASB position statement: fasb.org Many critics of mark-to-market accounting rules say banks have been weakened by the requirement to significantly write down the value of some assets. However, the latest ruling by FASB is not a complete rejection of mark-to-market that many companies, trade groups and politicians have been seeking. Rex Nutting is Washington bureau chief of MarketWatch.