Markets get another boost as a soothing Jon Hilsenrath piece hits reminding the Fed wants us to know a taper of asset purchases doesn't mean an end to asset purchases, and a hike in short-term interest rates isn't anywhere close to being on the radar at this point. S&P 500 (SPY +1.6%), Nasdaq 100 (QQQ +1.4%). [View news story]
I wonder how long this guy Hilsenrath is or is that offensive--my longs thank him as I just sold out some positions-for all the wrong reasons- but you cant let a gift go bye that easily.
CME Group fines Goldman Sachs (GS) $875K (not a typo) over its failure to "diligently supervise" a top Treasury futures trader in 2008. The trader - who now works at Morgan Stanley - will also be suspended from CME access for 10 days. As is customary, neither the trader nor Goldman admitted or denied the violations. [View news story]
BAN the prick from the exchange--10 days-- this bum made so much $$$ you could give him 2 years off and hes still ahead of the game--the CME group has some set of balls--or the lack of
Goldman Sachs lifts its forecasts for the S&P 500 (SPY), as David Kostin and company now say they expect the index to gain 5% by year-end to 1,750, 9% to 1,900 in 2014, and 10% to 2,100 in 2015. The rationale: expectations of above-trend real GDP growth beginning next year (Mr. Evans' "escape velocity" ?) coupled with P/E multiple expansion to 16x. Furthermore, dividends should rise ~30% over the next two years, bolstering the firm's claim that dividend-paying equities (DVY) are one of the only places U.S. investors can look to for income-generation. Some of GS's dividend picks, as listed on MarketWatch: Mattel (MAT), Ford (F), Philip Morris (PM), Walgreen (WAG), Chevron (CVX), U.S. Bancorp (USB), GE, Western Union (WU), Dow Chemical (DOW), and AT&T (T). [View news story]
Where is Abby Joseph when you need her---another GS one call wonder---its easy when the powers to be decide to buy & tell you about it a week later just in time for you to chase their stock higher--Why listen to them OH I forgot there doing GODS work--right Lloyd--Bags of S$%^ one and all.
Obituary: A Ridiculous End Of The Too-Big-To-Fail Mantra [View article]
the big banks are still doing things they should not even be authorized to dable in ( derivatives ) for one--- let them fail & NO, it would not be the end of life as we know it..Crooks one and all need to go to jail for a spell--OH and I mean real jail.
Market recap: Why do people listen to David Tepper? Because he's often right. His appearance on CNBC this morning to share his bullish views set the table for today's rally, led by big banks including BofA and AmEx. However, techs lagged after Apple sold off on no apparent news. Nymex crude ended below $95 as the IEA detailed a "supply shock"; gold fell to a three-week low at $1,424.50. [View news story]
Well lets see ,I am long stocks so I tell everyone who kisses my @#s that the place to be is in stocks & they will go much higher---So now I make even more $$$$$--Stupid public and stupid funds looking for % gains to get new customers -push an overbought market to levels not seen before-------Nobody ever gets in trouble for that kind of a FRONT RUN---A RIGGED GAME
A new twist in the legal battle between AIG and BAC as a judge rules the insurer did not give up its right to sue BofA over $7B in MBS-related losses even though it unloaded the paper as part of its bailout. The FRBNY has already settled with BofA over MBS its Maiden Lane II took in from AIG as part of the rescue. [View news story]
two of the most hated companies (CROOKS)--who cares who wins---Garbage in Garbage out.
Laszlo Birinyi ups his S&P 500 (SPY) target this year to 1,900, the index having already hit his original 1,600 guess. He says this year's bull market most resembles the patterns etched in 1982 and 1990, suggesting another 20% of upside. "In addition to the historical parallels, we still view sentiment as subdued and nowwhere approaching extremes." [View news story]
Bank of America (BAC) asks a federal judge to dismiss a $1B DOJ lawsuit accusing its Countrywide unit of selling defective mortgages to Fannie and Freddie just as the real estate market was busting. District Judge Jed Rakoff - after hearing arguments this morning - says he intends to issue a ruling in about two weeks. [View news story]
Too save the economy---your serious right---so in that case ,I have swamp land you can buy cheap- Dude Wake Up.
Bank of America (BAC) asks a federal judge to dismiss a $1B DOJ lawsuit accusing its Countrywide unit of selling defective mortgages to Fannie and Freddie just as the real estate market was busting. District Judge Jed Rakoff - after hearing arguments this morning - says he intends to issue a ruling in about two weeks. [View news story]
Bank of America (BAC) asks a federal judge to dismiss a $1B DOJ lawsuit accusing its Countrywide unit of selling defective mortgages to Fannie and Freddie just as the real estate market was busting. District Judge Jed Rakoff - after hearing arguments this morning - says he intends to issue a ruling in about two weeks. [View news story]
Hey BofA you were stupid enough to buy those Countrywide crooks now eat an additional billion $$$--Dont be a candy ass judge just Nail Them
A (relatively) bullish MKM note on Intel (INTC +2.1%) appears to be giving a lift to the chip giant. The Street is already expecting Intel's PC CPU sales to fall 10% Y/Y in 1H13, thinks analyst Daniel Berenbaum, who believes plenty of bad news is baked in ahead of Intel's April 16 Q2 report. "Longer-term, we maintain our view that INTC will be able to monetize its technology and manufacturing advantage by gaining share in mobility, expanding its foundry business and continuing to dominate the data center space." Other PC-related names are also higher: MSFT +2.2%. WDC +1.4%. STX +1%. [View news story]
Bank of America (BAC) managing director Raphael Zagury - the head of derivative investments in wealth management - resigns after 5 years on the job. He declined to comment on the circumstances. [View news story]
thats an area that s not accounted for in that bogus stress test--YES SIR DERIVATIVES-- let the public know what risk is in that area--to big to fail
The WSJ highlights how Bank of America (BAC) made a net profit of around $1.14M on trading options in Constellation Brands (STZ) in the summer, around the time the latter said it was acquiring Crown Imports from AB InBev (BUD) as part of the Belgian brewer's acquisition of full control of Modelo. BofA was an adviser on the Modelo deal and played a crucial role in the funding of both transactions. BofA says that the Chinese wall between different parts of the bank was maintained. [View news story]
Morgan Stanley (MS) announces the sale of the rest of its stake - 7.46M shares, about one-sixth of the float - in DigitalGlobe (DGI). (PR) [View news story]
Markets get another boost as a soothing Jon Hilsenrath piece hits reminding the Fed wants us to know a taper of asset purchases doesn't mean an end to asset purchases, and a hike in short-term interest rates isn't anywhere close to being on the radar at this point. S&P 500 (SPY +1.6%), Nasdaq 100 (QQQ +1.4%). [View news story]
CME Group fines Goldman Sachs (GS) $875K (not a typo) over its failure to "diligently supervise" a top Treasury futures trader in 2008. The trader - who now works at Morgan Stanley - will also be suspended from CME access for 10 days. As is customary, neither the trader nor Goldman admitted or denied the violations. [View news story]
Goldman Sachs lifts its forecasts for the S&P 500 (SPY), as David Kostin and company now say they expect the index to gain 5% by year-end to 1,750, 9% to 1,900 in 2014, and 10% to 2,100 in 2015. The rationale: expectations of above-trend real GDP growth beginning next year (Mr. Evans' "escape velocity" ?) coupled with P/E multiple expansion to 16x. Furthermore, dividends should rise ~30% over the next two years, bolstering the firm's claim that dividend-paying equities (DVY) are one of the only places U.S. investors can look to for income-generation. Some of GS's dividend picks, as listed on MarketWatch: Mattel (MAT), Ford (F), Philip Morris (PM), Walgreen (WAG), Chevron (CVX), U.S. Bancorp (USB), GE, Western Union (WU), Dow Chemical (DOW), and AT&T (T). [View news story]
Obituary: A Ridiculous End Of The Too-Big-To-Fail Mantra [View article]
Market recap: Why do people listen to David Tepper? Because he's often right. His appearance on CNBC this morning to share his bullish views set the table for today's rally, led by big banks including BofA and AmEx. However, techs lagged after Apple sold off on no apparent news. Nymex crude ended below $95 as the IEA detailed a "supply shock"; gold fell to a three-week low at $1,424.50. [View news story]
A new twist in the legal battle between AIG and BAC as a judge rules the insurer did not give up its right to sue BofA over $7B in MBS-related losses even though it unloaded the paper as part of its bailout. The FRBNY has already settled with BofA over MBS its Maiden Lane II took in from AIG as part of the rescue. [View news story]
Laszlo Birinyi ups his S&P 500 (SPY) target this year to 1,900, the index having already hit his original 1,600 guess. He says this year's bull market most resembles the patterns etched in 1982 and 1990, suggesting another 20% of upside. "In addition to the historical parallels, we still view sentiment as subdued and nowwhere approaching extremes." [View news story]
Bank of America (BAC) asks a federal judge to dismiss a $1B DOJ lawsuit accusing its Countrywide unit of selling defective mortgages to Fannie and Freddie just as the real estate market was busting. District Judge Jed Rakoff - after hearing arguments this morning - says he intends to issue a ruling in about two weeks. [View news story]
Bank of America (BAC) asks a federal judge to dismiss a $1B DOJ lawsuit accusing its Countrywide unit of selling defective mortgages to Fannie and Freddie just as the real estate market was busting. District Judge Jed Rakoff - after hearing arguments this morning - says he intends to issue a ruling in about two weeks. [View news story]
Bank of America (BAC) asks a federal judge to dismiss a $1B DOJ lawsuit accusing its Countrywide unit of selling defective mortgages to Fannie and Freddie just as the real estate market was busting. District Judge Jed Rakoff - after hearing arguments this morning - says he intends to issue a ruling in about two weeks. [View news story]
EMC: Can't Ignore The 'On Sale' Share Price [View article]
A (relatively) bullish MKM note on Intel (INTC +2.1%) appears to be giving a lift to the chip giant. The Street is already expecting Intel's PC CPU sales to fall 10% Y/Y in 1H13, thinks analyst Daniel Berenbaum, who believes plenty of bad news is baked in ahead of Intel's April 16 Q2 report. "Longer-term, we maintain our view that INTC will be able to monetize its technology and manufacturing advantage by gaining share in mobility, expanding its foundry business and continuing to dominate the data center space." Other PC-related names are also higher: MSFT +2.2%. WDC +1.4%. STX +1%. [View news story]
Bank of America (BAC) managing director Raphael Zagury - the head of derivative investments in wealth management - resigns after 5 years on the job. He declined to comment on the circumstances. [View news story]
The WSJ highlights how Bank of America (BAC) made a net profit of around $1.14M on trading options in Constellation Brands (STZ) in the summer, around the time the latter said it was acquiring Crown Imports from AB InBev (BUD) as part of the Belgian brewer's acquisition of full control of Modelo. BofA was an adviser on the Modelo deal and played a crucial role in the funding of both transactions. BofA says that the Chinese wall between different parts of the bank was maintained. [View news story]
Morgan Stanley (MS) announces the sale of the rest of its stake - 7.46M shares, about one-sixth of the float - in DigitalGlobe (DGI). (PR) [View news story]