Wednesday, October 08, 2008

Today's Program Guide

This could give you some idea what may happen today with the stock market.

Copyright 2008 All rights reserved


Anonymous said...

thus the rate decrease to prevent this - right ?
Catholic girl

Jim in San Marcos said...

Hi Catholic Girl

I can see how raising rates might make money for banks more expensive, but lowering rates to 1 1/2% I don't really understand. Three month T-bills are paying 1/2 percent.

I really don't understand what this accomplishes. I don't have an answer to this.

My best guess is that this is some sort of attempt to control foreign money option strategy plays

TTM-BUL said...

I dont think we will trip any circuit breakers (fingers crossed), just slalom down the hill. With a few dips here and there of course.

I'm Not POTUS said...


Have you followed any of the scuttle about the Lehman Bond action happening tomorrow?

I see Paulson picking up the tab at near par if he can. Then making the counter-party whole by selling them back at pennies on the dollar. Otherwise, people talk like cats and dogs will be living together tomorrow night.

Jim in San Marcos said...

Hi Potus

There just isn't enough real information out there to know what is going on.

The investor cannot be "trusted" to interpret the facts, so we are given none.

I get the uncomfortable feeling that if we knew what was going on, our confidence level would be even lower.

Let's face it, most investors, if in doubt, go to cash and stuff the mattress.

Paulson's rescue plan is like a hooker with leprosy. One trick and your "business" falls off.

I think we'll see a drop tomorrow of about 1,800 points no matter what Paulson does to Lehman.

Jim in San Marcos said...

Hi Ttm-bul

Don't be surprised if you get handed a hair dryer while taking a shower Friday.

I find that the current news is beyond a disaster movie run amok.

It doesn't mean that you are wrong--deep in my heart, I hope you are right.

Thank you for your comments.

Anonymous said...

whew what a ride :)