Financial Journal for October 31 2008
|
Stock Quotes |
10/24/08 Close: |
% Change from Prior Week |
10/31/08 Close: |
|
Dow Jones |
8378.95 |
+11.29, up 946.06 pts |
9325.01 |
|
NASDAQ |
1552.03 |
+10.88, up 168.92 pts |
1720.95 |
|
S&P |
876.77 |
+10.49, up 91.98pts |
968.75 |
Market Movers:
- Rate Cut
- Home Sales Rise
- Investigations and Suspicions continue
Important Market Development Summaries:
- Wall Street scores 2nd-best day ever on rate-cut hopes. Reuters.com. Oct 28, 2008. “Wall Street marked its second-best day ever on Tuesday as investors, convinced that central banks worldwide will cut rates even more, scooped up stocks that had been driven down to their lowest prices in more than five years.”
- After Rate Cut, Stocks Gyrate. WSJ.com. Oct 29, 2008. “On Wednesday, an interest-rate cut by the Federal Reserve wasn't enough to calm the market, which ended mixed following another volatile session.”
- Home sales rise but prices fall. Reuters.com. Oct 27, 2008. “Sales of newly constructed U.S. single-family homes rose in September and inventories shrank as builders slashed prices to their lowest level in four years to move property as a financial crisis deepens.”
- Dow and S&P 500 fall on profit worry, GE’s outlook. Reuters.com. Oct 29, 2008.
- FBI Probe of JPMorgan Fees Focuses on Swaps Roiling Muni Debt. Bloomberg.com. Oct 27, 2008. “Prosecutors have informed at least five former JPMorgan derivative bankers that they're targets in an investigation of whether banks conspired to overcharge local governments, according to the Financial Industry Regulatory Authority, or Finra, the largest self-regulator for securities firms doing business in the U.S.”
- Defense Lawyers See Bonanza From Lehman, Bear, Other Collapses. Bloomberg.com. Oct 27, 2008. “Bankrupt Lehman Brothers Holdings Inc. alone is the subject of three federal investigations and at least 20 subpoenas. Markets for subprime mortgages, credit default swaps and auction- rate securities have come under scrutiny for possible fraud too. In New York, four former executives at Credit Suisse Group and Bear Stearns Cos. have already been charged with fraud.”
- Where Did the Cash Go? The New York Times (Paper). Oct 30, 2008. “A.I.G. Has Used Billions From the Fed but Hasn’t Said for What; it is rapidly running through $123 billion in emergency lending provided by the Federal Reserve, raising questions about how a company claiming to be solvent in September could have developed such a big hole by October.
Falling Oil Humbling ‘Axis of Diesel’?
From Times Online - Business section:
Leaders in Tehran, Moscow and Caracas have gloated as the financial crisis has hobbled the United States and its Western allies. Analysts say that the three swaggering petro-states are the most vulnerable oil producers to the steep price declines. From a record high of $147 (£85) a barrel in July, crude oil is now trading at around $70 after dipping to its lowest level since August 2007.
Deutsche Bank estimated in a recent research note that Iran and Venezuela need an oil price of more than $95 a barrel to balance their budgets, and Russia requires a price of $75. That compares to a break-even figure of $55 for Saudi Arabia.
The current price of oil is at $62. This whole crisis could serve to humble us all.
Financial Journal for October 24 2008
|
Stock Quotes |
10/17/08 Close: |
% Change from Prior Week |
10/24/08 Close: |
|
Dow Jones |
8852.22 |
-5.35, dwn -473.27 pts |
8378.95 |
|
NASDAQ |
1711.29 |
-9.31, dwn -159.26 pts |
1552.03 |
|
S&P |
940.55 |
-6.78, dwn -63.78 pts |
876.77 |
Market Movers:
- Earnings Report
- More Actions from Fed
- Increased Recession Worries
Important Market Development Summaries:
- Fed Chairman Endorses New Round of Stimulus. NYTimes.com. Oct 20, 2008. “Mr. Bernanke’s testimony strengthened the hand of Democrats, who are pushing for a package of spending that could total $150 billion to $300 billion. The testimony could put pressure on Mr. Bush to either enter discussions or risk losing the initiative and appearing behind the curve.”
- Fed Aids Money Markets; Wall Street Falls. Reuters.com. Oct 21, 2008. “The U.S. Federal Reserve and governments around the world loosened strained financial markets on Tuesday by pumping in more money and launching bank rescues.”
- Fed Adds to Its Efforts to Aid Credit Markets. NYTimes.com. Oct 21, 2008. “On Tuesday, the Federal Reserve pledged $540 billion to make sure they really are.”
- Earnings Reports Drive Down Shares. NYTimes.com. Oct 21, 2008.
- Amazon Predicts Weaker Holiday, Shares Fall 14 Percent. Reuters.com. Oct 22, 2008.
- Dow Skids More Than 500 on Profit Forecast Worries. Businessweek.com. Oct 22, 2008.
- Dow finishes day down more than 300 points. MSNBC.com. Oct 24, 2008. “Wall Street joined stock markets around the world in a huge selloff Friday, sending major market indexes to their lowest levels in more than five years on the belief that a punishing economic recession is at hand.”
jokes and jokes and jokes
Three women were in the waiting room of a gynecologist, and each of them was knitting a sweater for their baby-to-be. The first one stopped and took a pill.
"What was that?" The others asked her.
"Oh, it was Vitamin C - I want my baby to be healthy." A few minutes later, another woman took a pill.
"What was that?" the others asked.
"Oh, it was iron - I want my baby to be big and strong."
They continued knitting. Finally the third woman took a pill.
"What was that?" the others asked her.
"It was thalidomide," she said, "I just can't get the arms right on this effing sweater!"
===================================
A man and his wife were awakened at 3:00 am by a loud pounding on the door. The man gets up and goes to the door where a drunken stranger, standing in the pouring rain, is asking for a push.
'Not a chance,' says the husband, 'it is 3:00 in the morning!'
He slams the door and returns to bed.
'Who was that?' asked his wife.
'Just some drunk guy asking for a push,' he answers.
'Did you help him?' she asks.
'No, I did not, it is 3:00 in the morning and it is pouring rain out there!'
'Well, you have a short memory,' says his wife. 'Can't you remember about three months ago when we broke down, and those t! wo guys helped us? I think you should help him, and you should be ashamed of yourself!'
The man does as he is told, gets dressed , and goes out into the pounding rain.
He calls out into the dark, 'Hello, are you still there?'
'Yes,' comes back the answer.
'Do you still need a push?' calls out the husband.
'Yes, please!' comes the reply from the dark.
'Where are you?' asks the husband.
'Over here on the swing,' replied the drunk.
===========================================
Rick was in trouble. He forgot his wedding anniversary.
His wife was was more than a little angry. She told him, "Tomorrow morning, I expect to find a gift in the driveway that goes from 0 to 200 in less than 6 seconds, AND IT BETTER BE THERE."
The next morning Rick got up early and left for work.
When his wife woke up she looked out the window and sure enough there was a small box gift-wrapped in the middle of the driveway. Confused, the wife put on her robe and ran out to the driveway, and brought the box back in the house. She opened it and found a brand new bathroom scale.
Rick has been missing since Friday. Please pray for him
=====================================
Two condoms are walking down the street, and they pass by a gay bar.
One condom turns to the other and says, "Hey, want to get s**t-faced?"
========================================
Why is it so hard to solve a redneck murder case?
All the DNA is the same and there are no dental records.
===========================================
Q: What do 60,000 abused woman have in common?
A: They don't f*in listen!
Q: How many gay men does it take to put in a light bulb?
A: Only one...but it takes an entire Emergency Room to get it out.
Q. What's black and blue and doesn't like sex?
A. A Rape victim
Q: What do you get if you cross a nun with a computer?
A: A system that won't go down.
Q: What's worse than a male chauvinistic pig?
A: A bitch who won't do what she's told.
Q: What's the difference between a lesbian and a Pringle ?
A: One is a snack cracker, the other is a crack snacker
Q: How do you know a female bartender is mad at you?
A: You find a string in your bloody Mary.
Q: What do you call a Gay Dinosaur
A: Megasorass
Q: What do you call a Lesbian Dinosaur
A: Lickalotapus
Q: What is the difference between a drug pusher and a prostitute?
A: A prostitute can wash her crack and sell it again.
Q: What's the quickest way to a woman's heart?
A: Straight through the rib cage.
Q: Why doesn't Mexico have an Olympic team?
A: Because everybody who can run, jump, and swim is already in the U.S.
===============================================
here's a nasty one....
Junior walks into mom and dads bedroom and sees dad's got mom bent over, taking care of business... dad sees him and winks at him and nods his head to tell him to leave the room...
later, dad starts thinking that he should go check on junior.. see if he's alright... he walks into juniors room and juniors got Gramma bent over and is taking care of business... dad says "what the hell are you doing son??"... Junior says....
"Not so F*&ING funny when it's your mom huh?!?!?"
==========================================
Scene: An eighteen wheeler parked on the shoulder... blinkers ON... and two men "going at it" under the truck
Highway Patrol Officer: What the hell are you doing?
Man on top: You see officer, my friend here is having a heart attack and I was helping him.
Highway Patrol Officer: Thats not how you help! You are suppose to give him mouth to mouth CPR.
Man of top: Thats how it started.
=============================================
Don't you hate it when you take your pregnant girlfriend to the doctor for her prenatal visit, and then you realize you locked your keys in the car? It's so embarassing when you have to go back in and ask for a clothes hanger.
================================================
There was a woman with no arms and no legs lying on a beach. A guy sees her and asks if he can do anything for her so she says, "Will you give me a kiss because I've never been kissed before?" He kisses her then asks "Is there anything else you need?" She says "Yeah, can you F*** me because I've never been F*** before?" So he picks her up and throws her in the ocean and says "Now you're F***ed."
=================================================
Jesus Christ walks into a hotel. He hands the innkeeper three nails and he asks,
"Can you put me up for the night?"
============================================
How are Micheal Jackson and caviar alike?
They both come on little white crackers.
======================================
Husband and wife are sitting on the couch watching T.V.
The husband turns to his wife and says, "Honey, tell me something that is going to make me very happy and very sad at the same time."
She replys, "You have the biggest dick out of all your friends."
=========================================
A high school boy takes a girl with no legs out for dinner. When he brings her home she suggests they have sex. "Um, how are we gonna do that? he asks. "Simple," she says, "just lift me up and I'll hang on to a branch of the apple tree in our back yard." So he does, and when it's over he carries her to her back porch, where he is horrified to see her father sitting in a chair. Her father gets up, takes her from his arms and sets her down on the chair, and then turns to face the boy. The boy closes his eyes, waiting to get clobbered, but is surprised when her father shakes his hand and says, "Thank you, son." "What for?" the puzzled boy asks. "Last three boys left her hanging in the tree."
============================================
Man walks into a bar with a bag, walks up to the bartender and says, "Hey buddy, want to see something amazing?" Bartender says, "Sure," and so the man opens up the case, sits a small piano on the bar, followed by a foot high man who starts playing ragtime on the small piano. Bartender says, "Say, that is pretty amazing, where'd you find that?" Man responds, "Well, I was walking along the beach, stumbled across a lamp and out popped a genie. He said to me, 'I will grant you one wish and one wish only, so make sure you know what it is before you ask for it,' and let me tell you, buddy, I did NOT ask for a twelve inch PIANIST!"
==========================================
they were all found on Amazon.com forum. weird.
Financial Journal for October 17 2008
|
Stock Quotes |
10/10/08 Close: |
% Change from Prior Week |
10/17/08 Close: |
|
Dow Jones |
8451.19 |
4.75, up 401.12 pts |
8852.22 |
|
NASDAQ |
1649.51 |
3.75, up 61.78 pts |
1711.29 |
|
S&P |
899.22 |
4.60, up 41.33 pts |
940.55 |
Market Movers:
- Beige Book
- Recession worries
- Investigation’s open on failed institutions
Important Market Development Summaries:
- Feds launch probe of WaMu’s failure. Oct 15, 2008. CNNMoney.com.
- Former Lehman Brothers CEO subpoenaed. Oct 17, 2008. CNNMoney.com. “Former Lehman Brothers CEO Richard Fuld has been subpoenaed in connection with three grand jury probes into the investment bank's bankruptcy.”
- Economic activity weak across U.S.: Fed Beige Book. Oct 15, 2008. Reuters.com. “Retailers saw consumers pull back… Capital spending decisions were being influenced by economic uncertainty… Conditions remained favorable to agriculture.”
- Dow loses 733 after data feeds recession worry. Oct 15, 2008. Reuters.com. “Worst day since 1987 stock market crash. Dismal monthly U.S. retail sales set the tone for the session, dropping the most in more than three years, while a measure of New York state manufacturing hit its lowest level since the index started in 2001.”
- Wall Street slips as recession worries nag. Oct 17, 2008. Reuters.com. “Stocks fell on Friday on weakness in manufacturing and financial stocks after bleak data on consumer confidence and construction, but the Dow still snapped a disastrous three-week losing streak with it best weekly gain in more than 5 years.”
It ain’t her fault, she gotta catch ‘em all!
===================================
http://www.newsweek.com/id/124098
Chile's disaffected 'Pokemones' don't care much about politics. They're too busy having sex.
===================================
The birthday party extravaganza this weekend was fantastic... from what I remember. I don't recall very much, but I did hear some chick was all up on everyone. I don't think I got her name or bra size, but I do remember an article written in Newsweek from a while back which told of similar behavior exhibited by Chilean youth... en masse. So don't blame the girl, it's part of her culture. It's like telling a bear to stop hibernating, IT'S WHAT THEY DO!
Financial Journal for October 10 2008
|
Stock Quotes |
10/03/08 Close: |
% Change from Prior Week |
10/10/08 Close: |
|
Dow Jones |
10325.38 |
-18.15, dwn 1874.19 pts |
8451.19 |
|
NASDAQ |
1947.39 |
-15.29, dwn 297.88 pts |
1649.51 |
|
S&P |
1099.23 |
-18.19, dwn 200.01 pts |
899.22 |
Market Movers:
- Dow post worst retreat since 1937
- Oil drops
- Emerging markets
- Fed exercises most of its options
Important Market Development Summaries:
- Dow dives below 10,000 on credit, recession fears. Reuters.com. Oct 6, 2008
- Stocks fall for 6th session on recession fear. Reuters.com. Oct 8, 2008
- Recession fear plunders Wall Street, Dow dives 678.91. Reuters.com. Oct 9, 2008
- Fed to Purchase Commercial Paper. WSJ.com. Oct 7, 2008
-
- Central banks cut rates, but markets stay fearful. Reuters.com. Oct 8, 2008 “Central banks around the world cut interest rates in unison on Wednesday but the unprecedented move failed to help battered stocks, thaw credit markets or temper forecasts for a sharp global economic downturn.”
- U.S. Treasury Considers Buying Stakes in Banks. WSJ.com. Oct 9, 2008
- Paulson says U.S. planning to buy financial equity. Reuters.com. Oct 11, 2008. “Providing the first confirmation of the plan after a meeting of Group of Seven finance chiefs, Paulson said the equity purchases would be made alongside purchases of distressed assets as a way to recapitalize U.S. banks and other institutions reeling from soured mortgages and illiquid securities.”
- FDIC limit officially raised to $250,000. CNNMoney.com. Oct 10, 2008
- Oil drops 6 percent to below $88 on demand concerns. Reuters.com. Oct 6, 2008