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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (44075)	12/18/2008 6:53:29 PM
From: Box-By-The-Riviera™	Respond to of 217668

never ever better said. nice. kudos.

To: Cogito Ergo Sum who wrote (44075)	12/18/2008 10:25:27 PM
From: posthumousone	Read Replies (1) \| Respond to of 217668

XM/Sirius is doing a reverse split. <<Selling new shares could give Sirius the means to meet some of its almost $1 billion in loan repayments due next year, including $209 million in convertible bonds maturing in February. The stock has traded below $1 since Sept. 10 on investor concern that Chief Executive Officer Mel Karmazin won’t be able to manage the debt and meet growth projections. >> How does a reverse split give anyone the means to meet loan repayments?? The company is worth the same amount pre-split

To: Cogito Ergo Sum who wrote (44075)	12/18/2008 11:33:24 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217668

just in in-tray · Policy initiatives continue to be the key variable driving markets. And GREED & fear continues to believe that the relief rally in Wall Street-correlated world equities will continue for now based on rising hopes of an accelerating policy response. · The latest Fed announcement has just further confirmed the move already under way from focusing on the cost of money to focusing on the supply of it. There is also a growing focus in the Fed's announcement on seeking to influence the trend in credit spreads and not just on driving down Treasury bond yields. · In GREED & fear's view, the Fed can only "print money" if lenders want to lend and eligible borrowers want to borrow. In GREED & fear's view this is certainly not yet the case given the viciousness of the deleveraging cycle and the resulting collateral damage done to animal sprits or risk appetite. · All the Fed can do is to try and accelerate the end of the deleveraging cycle by expanding the supply of money to make up for the destruction of wealth or "money" caused by that deleveraging cycle. And the problem in this cycle of course is that the credit triangle, or inverted pyramid, which sits above the Fed and the conventional FDIC insured banking system is so much bigger. · Tactically, markets can rally more because investors will want to believe the Fed's monetary gymnastics will work. But in GREED & fear's view, fundamentally, the policies will not work. This means that risk appetite will only bottom when the global growth cycle bottoms. · The US banking system needs some version of the Swedish model of the early 1990s in terms of dealing with bust banks the next best way after letting them fail. Under this model banks deemed not able to survive on their own were nationalised while the depositors were fully protected. In the process shareholders were wiped out and incumbent management replaced. Banks were also forced to write down their assets to market and take the hit to their equity before the recapitalisation began. · GREED & fear will judge the Obama administration on whether it is prepared to get "real" about the banking system. But GREED & fear will continue to assume, until proven wrong, that policy will continue to be run Japanese-style to suit the needs of the obvious vested interests. · GREED & fear's view is that deflationary forces will reassert themselves in market psychology in coming months as US data remains awful, leading to ever greater monetary activism. This process will climax ultimately in the dollar debasement trade. In GREED & fear's view this process plays out over the next 12 to 24 months. It does not happen right now. · At the bottom of a deflationary spiral gold becomes part of the policy solution for desperate central bankers and politicians. Investors should remain invested in gold and gold-related investments. GREED & fear's price target for gold is maintained at US$3,360 per oz by the end of 2010. · The undercurrent in Thai politics remains deeply negative. GREED & fear will not get involved in any further rally stemming from the probably temporary reprieve provided by the recent formation of a new Democrat Party-led coalition government. The fundamental issue is that tensions between the two warring pro and anti-Thaksin camps continue to build with no obvious resolution in sight. · The Madoff scandal is an absolute classic in terms of the scams that come to the surface in the course of serious bear markets. But in GREED & fear's view there will also be one concrete consequence. That is to precipitate regulatory focus on the seemingly rife practice whereby intermediaries get paid commissions for investing other people's money in funds without disclosing those payments and without any consideration for subsequent performance. · India's weighting in the relative-return portfolio will be increased by 1ppt with the money taken from Korea. The banking sector is showing growing evidence of leading the Indian market higher, as inflation and government bond yields plunge.