Chicago Mercantile Exchange Holdings Inc. (CME)

All Comments on CME

  • commenter
    Briggsy
    Oct 11 06:50 PM
    My Website
    How Oversold Are We? [view article]
    PrudentMan, how can you rail against the evils of socialism when capitalism has just "redistributed&qu... so much of the national wealth into a black hole? Gone. Destroyed.

    We don't need to repeat the mistakes of the Soviets just in order to reign in the anything-for-a-buck animal spirits of the wild west.

    Steady growth without boom and bust has always been a desirable goal. Otherwise we are simply rolling the dice with a financial China Syndrome.     Reply
  • commenter
    User 244654
    Oct 11 06:33 PM
    How Oversold Are We? [view article]
    user 244654 is Lucius Quintus I failed to identify properly. Reply
  • commenter
    User 244654
    Oct 11 06:31 PM
    How Oversold Are We? [view article]
    Thanks for your admission,as I bought high yielding long term GM debentures on the way down, I begin to think ,will they not pay on debts even before bankruptcy? Whats wrong ; what does everybody else know that I don't ?? Reply
  • commenter
    keoni
    Oct 11 05:52 PM
    How Oversold Are We? [view article]
    This helped. Thanks! Reply
  • commenter
    Maquiavelli
    Oct 11 05:42 PM
    How Oversold Are We? [view article]
    .. We know that the market will eventually rebound
    This is the dumbest statement ever uttered by the "experts" when no time frame is given. So next time you fell like saying that why don't you add something like in a year, in two, in ??     Reply
  • commenter
    Wefwef
    Oct 11 04:59 PM
    How Oversold Are We? [view article]
    Bought stocks in friday lows with 80% of my cash, holding the 20% for possibility of SPX 750-800 test. If we push through it I won't mind, the dividends are way better than current cash interest. This is a position I'm happy to hold, thanks for selling everyone.
    Reply
  • commenter
    PrudentMan,
    CFA
    Oct 11 04:48 PM
    How Oversold Are We? [view article]
    Markets & Obama's SocialismAt the end of 2006, we saw a real estate bubble burst. This affected credit and credibility for much of 2007 and, of course the stock market. It is understandable that any company that had business dealings with real estate and real estate credit would be in trouble as the Administration realized in late 2007. What no one, and I mean no one, understood the extent of the damage caused by derivatives and off-balance sheet debt, etc. I know quite a lot about this as I have been an investment professional for close to fifty years.

    The past several weeks the situation much different and it has reach irrational. and maybe not, reasoning as wealth destruction accelerates around the world. There are investable and lendable funds available but no one wants to take the risk of investing when the leading candidate in the presidential elections wants to raise taxes on capital gains and dividends. When the leading candidate in the presidential election wants to institute socialized medicine and the leading pharmaceutical companies in the world, those that have nothing to do with real estate, are plunging to twenty year lows. Companies that have absolutely nothing to do with real estate and debt, in fact these companies are debt free themselves, are plunging because the leading candidate for the presidency of the Unitized States is a Socialist.

    The magnitude of the market plunge the last several weeks has a direct correlation with Obama's strength in the polls. People want to hide their money from the government. I know I do. The Obama Administration will, admittedly, redistribute the wealth while McCain is silent. The media is silent. The Wall Street Journal is silent. Those who don't understand that the greatest destruction of wealth the world has ever seen is taking place in front of their eyes while a Socialist is seizing power, a power that will adversely affect the wealth and culture of this great nation.

    A Socialist, well bred for this job by powerful forces in and outside of this country, will destroy the country that many of us have fought and worked so hard to protect. Do the left-wing journalist, academics and activists actually believe that they and the country will be better under Socialism? If they are that naive they should study what the demise of their fellow travelers was when Marx, Engels and Stalin ruled the Soviet Union. The wealth was distributed to the politically powerful statists and freedom of the press, education and national wealth was destroyed. Individual incentive and productivity plunged and, finally, the country became one large gulag. If you think it cannot happen here, you are in denial. This has been planned for decades and the powers to be, and Obama is just a pawn, will get what we let them take by, ironically, democracy.

    Where is the anger?


    Reply
  • commenter
    GKM
    Oct 11 04:43 PM
    How Oversold Are We? [view article]
    The question isn't how over sold. It's how over owned. I calculate that apart from company buy backs and bankruptcies so far, approximately 280 billion shares on the Dow are outstanding and are under water. There's a lot of folks wearing pain that will be looking to liquidate for anything close to break even. People that shouldn't have been holding stocks are and it was perceived as a safe investment. Perceptions are being shattered. Of course the financial advisors are encouraging folks to hold on. Reply
  • commenter
    Pessimistic
    Optimist
    Oct 11 04:39 PM
    How Oversold Are We? [view article]
    This is good information however I see nothing that was not talked about on the telly or in other articles. I commend your stance as well. As I have learned the expensive way.. margin is not the best way to play this market although it injects money into your account as stock prices increase.
    I am in limbo as I will not know what my first move on Monday will be until I can see which way the market flows or plummets (before the bell). I have bought what I thought was dirt cheap until I saw my stable buried so they fell even farther. Most likely they can and possibly will drop deeper into that casm of partial return.
    I am a long termer but also have a fun fund which I am not having fun in..hell nobody is. When I hear the likes of Icahn mentioning fear and a great concern going forward how can the little guy not feel the same?
    I am doing homework, I am reading the fundies, I am charting my stock 50 dma's. I know some of my holdings are sound with a backload of work and a grip of cash working in their favor and they too are beaten down. Their only saving grace as we sbhould know is there divvy; the only free lunch! I do watch JPM and it still remains above 40 smackers. I bailed on financials. Too uncertain but I know they will eventually rip.
    Timing on the rip, I cannot forsee..who can? I will concede that even if I miss the bottom and it starts to climb I am hoping I can get in in the lower end and ride the wave.
    Alan, thanks for keeping it real.. it is affirmation that I am following the right path in my gut.     Reply
  • commenter
    zayttrader
    Oct 11 04:18 PM
    How Oversold Are We? [view article]
    YOU are my contrarian indicator. When you give up and sell all your longs in disgust, than and only then, we will have reached bottom.

    I expect you to do so shortly. ;-)     Reply
  • commenter
    iNVestorUnre
    st
    Oct 09 09:45 PM
    The $60 Trillion Nightmare of Credit Default Swaps [view article]


    if this "casino' is allowed to continue at our expense as taxpaying investors then people need revengee     Reply
  • commenter
    cz
    Oct 09 06:06 PM
    The $60 Trillion Nightmare of Credit Default Swaps [view article]
    To Rocknbob,
    Actually ‘rake’ is a misnomer; I should’ve just said fee or commission in addition to the $700 billion. Sorry for the confusion.
    ‘Rake’ is a term used in reference to the house’s (casino’s) ‘take’ or commission removed from the total ante in various card games.
    More specifically, a 20% rake on $700 billion would be $140 billion for the house (pun intended…as in Congress), leaving the winner (the banks, ins. cos., etc…) with $560 billion and me with the, now obvious, misnomer.
    Reply
  • commenter
    nygiants58
    Oct 09 01:35 PM
    The $60 Trillion Nightmare of Credit Default Swaps [view article]
    Oct 09 07:11 AM
    I can't believe all of this nonsense over AIG. IS EVERYONE STUPID! Obama made damaging reckless comments and didn't even look into the issue. The conference was set a year in advance and paid for by the marketing budget of the insurance companies which can not be tapped to pay back the loan from the FED and the FED loan money is not going into the insurance companies budget at all! Plus, the FED now owns AIG, even after AIG pays back the 100 plus billion dollar loan, the FED owns them. Why are we mad about a conference where 100 of their biggest clients were wined and dined by a 10 AIG employees that was paid for by the insurance companies? That is standard practice. The insurance company has a billion dollar marketing budget and needs now more than ever to keep their huge clients. The better AIG does the better tax payers will be when the FED sells the 79 percent interest later. Piling on against AIG is actually against every taxpayers best interest. We want them to thrive not go bankrupt !!!!     Reply
  • commenter
    User 276346
    Oct 09 10:24 AM
    My Website
    The $60 Trillion Nightmare of Credit Default Swaps [view article]
    If the underlying assets continue to lose value, we are in for a pretty tough ride. I grow lettuce, green onions and write poetry. Reply
  • commenter
    Daniel
    Ivandjiiski
    Oct 09 09:15 AM
    The $60 Trillion Nightmare of Credit Default Swaps [view article]
    Alas disbanding the CDS market is a bit too naive and simplistic. While "speculators"... (which for all intents and purposes were hedge funds and prop trading desks at all major banks) were fringe players, the bulk of the market was dominated by insurance institutions who have over the past 5 years transferred risk from traditional securities to swaps, whether CDS, interest rate, currency, etc. This lead to an increase in liquidity as more and more entities were confident in the security of their investment, and has resulted in a $30 trillion repo market (real money, unlike the $55 trillion CDS notional market - a number blown out of proportion as the real capital at risk is significant orders of magnitude smaller - Bear had about $2 trillion of CDS contracts with a net liability against these of about 50 billion). If you take away CDS and by extension the derivatives and swaps market, you will shut down the major liquidity conduit for the repo marketplace. And if you thought bank deleveraging from 30x to 10x is bad, wait until 80% of the cash in the global financial system is gone. Then my S&P EOY target of 750 will look tame.

    Daniel Ivandjiiski     Reply
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