Perhaps It Is Time For Another Statement From Jefferies

Tyler Durden's picture

4 statements later, countless promises, several Leucadia triple-downs, and one 2-page CUSIP statement later and... Jefferies is down 9.2%. Perhaps the market was not all that convinced that "Jefferies is fine" after all. Our spidey sense is tingling that yet another statement by Jefferies is imminent. Also, it may be time for Jefferies to bite the bullet and unload the other half of its sovereign flow book: that sure will teach the market to doubt management's good intentions. And never mind the spread on liquidation firesales: after all who cares about EPS on a day like today.

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Mae Kadoodie's picture

Dick will handle this.

ItsNotYouItsMe's picture

Didn't Lehman or Bear Stearns have its CEO come out days before going to near zero in price that everything was just FINE?

Besides, with so many banks, so exposed ... to the tune of what, $600+ Trillion in derivatives ... what could POSSIBLY go wrong?!?

UGrev's picture

Hey, it's the same thing the proctologist says 3 seconds before he jams his meaty, cold,  vaseline covered, fingers right up your ashole. I never trust ANYONE when they say that.. and I immediately seek to protect my asshole from being invaded by any foreign objects. 

ItsNotYouItsMe's picture

"MOOOOON RIVER .... Uhhh ... you using the whole fist doc?"

Or better yet ....

http://www.atom.com/funny_videos/obrimer_doctor_prostate/

jjsilver's picture

Don't be surprised if they all file chapter 11 at once and everyone will be holding herman saying WTF just happened. Got GOLD, Got Silver

Buck Johnson's picture

Your exaclty right, they where out saying everything was fine nothing essentially to see and 18 hours later the world fell in.  The funny part they had a Jeffries guy on CNBC today talking about the Europes problems, I wonder if this was an attempt to show that everything is fine at Jeffries.

DoChenRollingBearing's picture

This is another great time to go out and buy some gold.

EscapeKey's picture

when isn't?

I love the smell of burning primary dealer in the morning.

ZeroPower's picture

"PERFECTLY HEDGED"! They might as well stop all flow activities if they still wanna claim that kinda BS.

Not that people would ask a JEF desk for a market in anything more than US equities anyway...

GeneMarchbanks's picture

Been watchin' them for a while now, give it a quarter or two...

EscapeKey's picture

perfectly hedged with GS. And GS are perfectly hedged with Jeffries.

What could possibly go wrong?

Mike2756's picture

How many clients have bailed?

WineSorbet's picture

Cue dear in headlights.  Love that picture.

monmick's picture

Anyone else think the picture on their website is no longer appropriate?

http://www.jefco.com/

SheepDog-One's picture

They need to provide another picture beside that one, an empty rock face with 'AHHhhhhhhhhhhhhhhhhh!!!' under it.

seek's picture

Completely appropriate, just missing context. The abyss is just behind the camera.

Nobody For President's picture

Don't tell my Mom I'm a bond trader -

She thinks I play piano in a whorehouse.

Dr. Engali's picture

MS is down 8% today GS is out performing at ony 7% down. I am  Anti-Robo

blu's picture

I'm trying to imagine what an anti-boobie picture would be to go along with that.

Oh now I know: Those 4 really fat chicks in bathing suits in the recent WB7 offering.

Okay we're good. Except I might have to skip lunch today.

defn8Dog's picture

Yeah, okay, Jefferies is selling, but who is buying from them and what are the marks?

rosex229's picture

today will look like a picnic after the next major financial institution fails. although I wouldn't expect the failure of jeffrey's to be the next Lehman... I've got some french banks in mind.

devo's picture

I assume gold is down because of margin calls (and strong dollar)?

I hope it goes down more...want some.

GeneMarchbanks's picture

If it closes under 1780 there will be a buying opportunity upcoming.

tony bonn's picture

before jefferies makes another statement i would like another statement from merkel/sarkozy

firstdivision's picture

When 3pm hits, and the humans start trading again...might be a bloodbath coming.

Note to self's picture

Its 3PM on Wall St.  Do you know where your money is?  Yes - its circling the toilet bowl in one enormous freaking global flush.

CharlieSDT's picture

No, I got mine stacked right next to me.

ZippyBananaPants's picture
Eddie Murphy pulls out as Oscar host.

 

Lets focus on what is really important!!

 

junkyardjack's picture

That explains what's going on in the market today. I was confused because this shit with Europe has been going on for months.  Hopefully Obama can give Eddie a call and change his mind. 

monopoly's picture

Not so sure the strong {worthless} dollar has much to do with the decline. Gold holding very very well here. Margin calls, for sure there, but wonder if we might lift a bit into the close. And even though miners are mostly red they are holding well during this carnage.

Like look at FCX DIG and PCX. Yikes. 0

slewie the pi-rat's picture

wheat and soybeans have just been getting pounded, relative to corn

is iowa headed for the rose bowl?

DarkestPhoenix's picture

+1 for any Iowa reference.

 

Especially one that puts the Hawkeyes in the Rose Bowl.  Even though a lot would have to happen..........for that to happen.

Ineverslice's picture

Nothing to see here.

Manthong's picture

Everything will be just fine as long as they don't do any of that comingling stuff.

Hmm, that almost has a sexual overtone to it.. 

NotApplicable's picture

What is wrong with these people. Haven't they learned that you never, ever, EVER provide detail. Deny, deny, deny, while obfuscating and back-peddling.

All they are doing is admitting guilt with these detailed denials.

If Silvio, G-Pap, Murky and Sarko can do it, well, why can't they? Amateurs...

Mark123's picture

"Paging PPT. Your presence is requested immediately."

 

meanwhile...in the presidents suite at the Waldorf hotel:

"wow, that was great girls, but we are totally done...we have to head back to the office now, but feel free to hang around till 4pm and finish off the blow"

catch edge ghost's picture

We mustn't laugh, Children...  Okay, but no pointing.  Eh. go for it.

Dr. Nancy's picture

All that's happening is predictable, as there are 7 stages that every
major economy goes through. Those who know how it works profit & massive
wealth is transferred to them. Several months ago I learned this
information from a millionaire whose site I found & am sharing it with
everyone I know.
His free video
"How To Create Incredible Wealth in Today's Economic Crisis"
is at:
http://theelevationgroup.net/presentation/register.php?a_aid=160667&a_bid=290b868b&chan=y
Hope this info helps everyone as much as it has me.
Dr. Nancy

DarkestPhoenix's picture

I am going to follow you around and haunt you "Doctor".

http://goarticles.com/article/The-Elevation-Group-Investigation-The-Truth-About-Mike-Dillard-Scam/4081853/

 

Peddle your bullshit to some idiot who doesn't have Google. 

docmac324's picture

It is time for the three o'clock rumor mill to pull up the market.  Waiting for it.

Yen Cross's picture

London calling?  Nothing a little AEP can't quash.

Roland99's picture

Is it time for Sean to go back on CNBC to receive their apologies?

 

ha!  Like that would ever happen.

Grand Supercycle's picture

DOW/SP500/NASDAQ charts reveals very overextended price action and another Wile E Coyote scenario.

As mentioned numerous times, the bullish US Dollar weekly chart continues to exert it’s influence and according to my analysis this will continue.

http://stockmarket618.wordpress.com