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

To: GROUND ZERO™ who wrote (91002)	10/30/2009 1:20:52 PM
From: fred woodall	Read Replies (1) \| Respond to of 94695

I agree 1040 vol. Shorts aren't bothering to cover here. Volume on such a down turn and they're asleep. I ain't buying it. Don't worry however our gov. is coming to the rescue. US Regulators Urge Banks Help On Commercial Realty -------------------------------------------------------------------------------- Fri Oct 30 13:16:00 2009 EDT (Updates with details from the statement, adds background.) By Michael R. Crittenden and Jeff Bater Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. banking regulators are urging banks to work with commercial borrowers to modify their real estate loans, wary of the damaging effect a high level of defaults could have on bank balance sheets. The Federal Financial Institutions Examination Council, which includes the Federal Reserve, Federal Deposit Insurance Corp. and others, said that prudent modifications to commercial real estate loans are frequently "in the best interest" of both banks and their borrowers. Regulators, in a significant step, also said they won't penalize banks for performing loans where the value of the underlying property is now worth less than the loan balance. "Financial institutions that implement prudent [commercial real estate] loan workout arrangements after performing a comprehensive review of a borrower's financial condition will not be subject to criticism for engaging in these efforts," the agencies said in a policy statement. The guidance comes as commercial real estate woes continue to cause headaches for regulators and financial firms. Slower to develop than the significant dislocation in the residential housing market, commercial real estate has shown increasing weakness in recent quarters. The FDIC, in its most recent quarterly analysis of the banking industry, said that real estate construction and development loans at least 90 days past due were up 16.6% in the second quarter.

To: GROUND ZERO™ who wrote (91002)	10/30/2009 1:22:04 PM
From: kimberley	Read Replies (1) \| Respond to of 94695

GZ, is your sell signal valid even if it closes above 1040?? TIA

To: GROUND ZERO™ who wrote (91002)	10/30/2009 1:31:54 PM
From: Follies	Read Replies (2) \| Respond to of 94695

What if the stock market is deemed Too Big To Fail and Helicopter Ben walks into the floor of the exchange.. The market moved up a bit after Lamont’s statement, but the real recovery came at 1:30 pm, when self-confident Richard Whitney, vice-president of the NYSE and floor broker of J.P. Morgan and Company, walked into the exchange floor. The crowd went silent. Everyone expected an announcement that the NYSE would be closed. Instead, Richard Whitney surprised everybody…Whitney asked for the latest bid on U.S. Steel. “195” someone shouted. Then he promptly announced thathe was buying 10,000 shares of U.S. Steel at 205. He immediately received 200 shares and then left the rest of the order with the specialist. He continued to make similar orders for over a dozen more stocks. Fear evaporated as investors became worried that they would miss the new boom. The market would have closed much higher if stop loss orders from earlier that day hadn’t been triggered during the upward surge. Needless to say, the recovery on Black Thursday was impressive, but so was the massive sell off earlier in the morning that gave it its name.