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Trader Monk

Trader Monk
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  • With gasoline hovering around $4/gallon, the President this morning is expected to announce proposals to crack down on higher oil prices, including increased penalties for market manipulation and allowing for an increase in margin requirements. Wouldn't phone calls to the FOMC, BoE, and the ECB be easier? WTI crude +0.8% to $104.22.  [View news story]
    Partial comment published..
    Desperation..desperati...
    Apr 17 08:12 AM | Likes Like |Link to Comment
  • With gasoline hovering around $4/gallon, the President this morning is expected to announce proposals to crack down on higher oil prices, including increased penalties for market manipulation and allowing for an increase in margin requirements. Wouldn't phone calls to the FOMC, BoE, and the ECB be easier? WTI crude +0.8% to $104.22.  [View news story]
    Desperation..desperati...
    Apr 17 08:11 AM | 2 Likes Like |Link to Comment
  • With Spanish 10-year bond yields topping 6% - they're now +15 bps at 6.13% - and Italian yields also surging, EU officials are due to travel to Washington this week looking for a larger war chest to fight the eurozone's debt crisis. While Japan might offer $60B, the U.S. has until now insisted that the EU can use its own resources.  [View news story]
    No..No..No!!! No borrowing from China to bailout those European socialists! Oh wait..the money is gone if it will help Oblamo with his reelection efforts. It is ironic that their failed economic/social model is the goal of the current administration..I guess the only leadership skills of our current Agitator in Chief is leading us over the financial cliff.
    Apr 16 07:29 AM | 1 Like Like |Link to Comment
  • No need to wait until May, writes Doug Kass, sell stocks now. The economy is slowing and the likely return to power of Obama and a Republican Congress (at least the House) means gridlock in D.C. Remember, the default scenario for 2013 is a large fiscal contraction (also pointed out by Alan Blinder).  [View news story]
    Defenster..you see what many people don't..Remember..he and his associates are very good at playing the campaign game..and he still has the MSM in his back pocket as they will blindly carry his water and advance his agenda..yes..they are complicit in this continuing disaster of a president as he "transforms" (aka destroys) America..

    I continue to Hope for Change in 2012..
    Apr 12 04:38 PM | Likes Like |Link to Comment
  • Initial Jobless Claims: 357K vs. 355K consensus (prior week revised to 363K from 359K). Continuing claims -16K to 3.33M.  [View news story]
    Your comments about the "tower or two..." are in very poor taste and very offensive..
    Apr 9 08:15 PM | 1 Like Like |Link to Comment
  • No need to wait until May, writes Doug Kass, sell stocks now. The economy is slowing and the likely return to power of Obama and a Republican Congress (at least the House) means gridlock in D.C. Remember, the default scenario for 2013 is a large fiscal contraction (also pointed out by Alan Blinder).  [View news story]
    Hope Doug Kass is wrong..remember opinions are like assholes..Everyone has one and they all stink! I hope for change in 2012..
    Apr 9 11:20 AM | 3 Likes Like |Link to Comment
  • "The health-care system in the U.S. reminds us somewhat ominously of the bubble in housing finance," write 2 Citigroup economists, noting the government influence on both. Of health care spending rising 2.5X faster than incomes over the last 3 decades, a reader is reminded of Herb Stein's law: If something cannot go on forever, it will stop.  [View news story]
    One exception to Herb Stein's law is AAPL..
    Apr 9 11:13 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: 357K vs. 355K consensus (prior week revised to 363K from 359K). Continuing claims -16K to 3.33M.  [View news story]
    Youngman..Everything out of Oblamo's mouth is about jobs..HIS!..not about jobs created but about job saved..
    Apr 5 08:52 AM | 2 Likes Like |Link to Comment
  • While the last recession is often referred to as the worst since the Great Depression, the recovery "pales in comparison" with most others," writes Edward Lazear, "including the one following the Great Depression." Lazear, who was an advisor to President Bush, blames government policies over the last three years.  [View news story]
    Speak the truth brother Lazear..
    Apr 3 01:38 PM | Likes Like |Link to Comment
  • As the saying goes, "when it rains it pours." For Goldman Sachs lately, it's been nothing short of a deluge. First it was the Greg Smith "tell-all" op-ed in the New York Times, now its a report in the Sunday edition that a private equity fund controlled by Goldman was holding a 16% stake in a web site called Backpage.com - purported to be one of the largest sex trafficking sites in the United States.  [View news story]
    I don't want to defend GS' business practices since they have been guilty of many questionable practices but please consider the source of this story..the NYT is good for one thing..to line the litter box..
    Apr 2 08:22 PM | 3 Likes Like |Link to Comment
  • Market recap: Stocks kicked off the new quarter with solid gains after better-than-expected manufacturing reports from the U.S. and China helped calm eurozone concerns. All 10 S&P sectors rose, paced by materials and energy. Crude oil pushed past $105, and copper jumped 2.5%; Treasurys edged higher. NYSE advancers led decliners two to one.  [View news story]
    Hey guys..this time will be different..I hear many pundits on CNBC pronounce that lack of volume isn't significant this time..
    Apr 2 08:06 PM | Likes Like |Link to Comment
  • The White House clears the way for new sanctions on Iran, as Pres. Obama declares a "sufficient supply of petroleum and petroleum products from countries other than Iran" to cushion the impact of sanctions on oil markets. The move allows the U.S. to proceed with congressionally mandated sanctions targeting financial institutions which continue to do business with Iran.  [View news story]
    VT..I follow former Clinton pollster Dick Morris..and he says that Hillary Clinton is going right behind all of these "smoke and mirror" sanctions and granting waivers..
    Apr 1 02:28 PM | 1 Like Like |Link to Comment
  • BP says the U.S. government is withholding evidence that would show the 2010 Gulf of Mexico oil spill was smaller than claimed. BP has identified 10,000 documents the government has sought to suppress relating to the spill, it said in a filing yesterday in federal court. Facing as much as $17.6B in civil pollution fines, BP wants to minimize the size of the spill and the extent of the damage.  [View news story]
    You are right Boldbear..there are no other current examples of this administration withholding evidence in Congressional hearings like the investigation of Solyndra..Fast and Furious..and Lightsquared..
    Mar 31 11:53 AM | 1 Like Like |Link to Comment
  • The Obama administration strikes a deal with five states bordering the Great Lakes to speed up the approval process to build offshore wind farms in an attempt to leapfrog right over public opposition to the projects. Supporters of developing the wind farms say the winds on the vast lakes provide a large untapped source of clean energy. [View news story]
    Tony..good advice..but he won't listen..
    Mar 30 01:42 PM | Likes Like |Link to Comment
  • The Obama administration strikes a deal with five states bordering the Great Lakes to speed up the approval process to build offshore wind farms in an attempt to leapfrog right over public opposition to the projects. Supporters of developing the wind farms say the winds on the vast lakes provide a large untapped source of clean energy. [View news story]
    Public opposition means nothing when Oblamo has an election to win!
    Remember..when it comes to this admin..The ends ALWAYS justify the means!
    Mar 30 08:57 AM | 7 Likes Like |Link to Comment
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