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mcostigane

mcostigane
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  • Target chairman/CEO Steinhafel resigns [View news story]
    the entry into Canada was a MASSIVE botched failure
    May 5 10:25 AM | 3 Likes Like |Link to Comment
  • Evans adds new demands in order to cut stimulus [View news story]
    in the words of Buzz Lightyear........to infinity and beyond!!
    Oct 17 01:19 PM | 1 Like Like |Link to Comment
  • Crash Coming [View instapost]
    thanks for the insight Kevin.....gonna get interesting
    Oct 3 11:05 AM | Likes Like |Link to Comment
  • Warning From The Yield Sector [View instapost]
    amazing work Kevin. Thank you
    Aug 30 03:38 PM | 1 Like Like |Link to Comment
  • Shares of Target flat after mixed report [View news story]
    the expansion into Canada has been a total flop
    Aug 21 01:30 PM | Likes Like |Link to Comment
  • "U.S. housing has turned the corner in every way, shape, or form," says Jamie Dimon (JPM), speaking at the Morgan Stanley conference. The corporate world is in great shape in terms of liquidity, and small business is kind of back to where it was, but the political environment is a "wet blanket" on the economy. On reserve releases: We don't do it to prop earnings, we're forced to do it. "I'd love to leave them up." [View news story]
    in the immortal words of Admiral Ackbar:

    "It's a Trap"
    Jun 12 02:26 PM | Likes Like |Link to Comment
  • "U.S. housing has turned the corner in every way, shape, or form," says Jamie Dimon (JPM), speaking at the Morgan Stanley conference. The corporate world is in great shape in terms of liquidity, and small business is kind of back to where it was, but the political environment is a "wet blanket" on the economy. On reserve releases: We don't do it to prop earnings, we're forced to do it. "I'd love to leave them up." [View news story]
    psssst........he's lying
    Jun 11 05:03 PM | 1 Like Like |Link to Comment
  • Stocks turn down at lunchtime, the Dow (DIA -0.3%), S&P 500 (SPY -0.2%), and Nasdaq 100 (QQQ -0.4%) all at session lows as some may be trimming positions ahead of what should be a vital employment report tomorrow morning. Long-term Treasury prices (TLT +0.4%) move to their highest levels in about 2 weeks. [View news story]
    have the horrible job numbers been leaked?
    Jun 6 12:20 PM | 1 Like Like |Link to Comment
  • Stocks turn lower (DIA -0.5%) 90 minutes ahead of the bell as Treasury prices tumble anew (TLT -1.2%), the 10-year yield gaining another 9 bps to 2.20%. The levered Treasury short ETF (TBT +2.5%) hits a 52-week high. Again hardest hit are the previously hot defensive sectors whose yields no longer stand so tall over Treasurys. Health care (XLV -1.1%), Consumer staples (XLP -1.1%). Utilities (XLU +0.1%) however, get a respite from an ugly month[View news story]
    yeah the market is fake......dun dun dun
    May 31 04:07 PM | Likes Like |Link to Comment
  • "The Real Bubble is Gold: and It's Deflating," writes MKM's Mike Darda, who says the key turning point was the metal's (GLD. IAU) failure to rally in wake of last fall's QE∞ inception. "Investors simply took it at face value that gold was soaring and would continue to rise because of (the Fed)." Inflation picking up will be even worse for gold, he says, as this would make the Fed an aggressive tightener of policy. [View news story]
    what an utterly clueless comment
    May 23 11:57 AM | 8 Likes Like |Link to Comment
  • Stocks move to new session highs an hour before the bell, perhaps soothed by the FOMC's Kocherlakota arguing the Fed isn't easy enough. It's the opposite of 24 hours ago when John Williams' hawkish words knocked the markets for a few points. (SPY +0.9%), (DIA +0.4%), (QQQ +0.8%). [View news story]
    no doubt - the good cop bad cop routine has gotten old and predictable
    May 17 03:18 PM | Likes Like |Link to Comment
  • The gold bear market/correction continues with the metal sliding to $1,537/oz., the lowest since last summer. Looking at a longer-term chart, gold has bounced off the low-mid $1,500 level a few times over the last 18 months.  A drop below that would break what the technicians like to call "long-term support." The pattern in silver is similar. GLD -1.6%, SLV -2.2% premarket. [View news story]
    this is an unprecedented orchestrated takedown via paper markets

    clouds overhead
    Apr 12 10:46 AM | 1 Like Like |Link to Comment
  • In a speech titled "Too soon to relax," San Francisco Fed chief and member of the dovish wing of the FOMC John Williams nevertheless says he thinks we could see substantial improvement in the labor market by summer. "If that happens we could start tapering our purchases then ... we could end the purchase program sometime last this year." [View news story]
    it's all about keeping everyone confused....one fed mouthpiece says no QE, only to be contradicted by another fed mouthpiece a few days later

    make no mistake, they can never stop now
    Apr 3 04:03 PM | 4 Likes Like |Link to Comment
  • Canadian lenders are set for a dramatic expansion in P/E multiples, says Scotiabank's Kevin Choquette, believing the slowdown in the country's real estate market is more than discounted in bank stock prices. His favorite pick is Imperial Bank (CM) as it's restructured to lessen its reliance on mortgage banking. [View news story]
    "believing the slowdown in the country's real estate market is more than discounted in bank stock prices"

    ahahaha good one Kev
    Apr 3 12:06 PM | Likes Like |Link to Comment
  • Given his soft outlook for employment and inflation, the Fed needs to be more accommodative, says Minneapolis Fed chief (and former hawk) Kocherlakota. He suggests lowering the unemployment threshold for tightening to 5.5% from 6.5% as his models tell him those magic 100 basis points will increase spending, and drive up employment and prices. [View news story]
    a year ago this guy was vehemently arguing against additional QE

    they are literally making it up as they go
    Mar 27 06:30 PM | Likes Like |Link to Comment
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