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Trader Monk

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  • The Fed will today host a shindig of the world's leading central bankers to dicuss the impact of their money printing. Those joining Ben Bernanke include the BOE's Mervyn King, the BOJ's Masaaki Shirakawa and former ECB Chief Jean-Claude Trichet, who was very public in his resistance to QE but nonetheless allowed the bank's balance sheet to balloon.  [View news story]
    Sure would love to see Ron Paul invited to share his thoughts..
    Mar 23 08:30 AM | Likes Like |Link to Comment
  • Two years to the day after Pres. Obama signed the Healthcare law, Americans are still almost evenly split about it, with just 50.5% in favor. Democrats hoped some of its early benefits would boost support for the bill, but results have been mixed. Around 2.5M more young adults have gained coverage, but a plan to help the sick and uninsured has flopped.  [View news story]
    Who wrote this commentary? The bias is astounding..the writer seems shocked that any Americans oppose this radical POS! The recent polls that I have read show less favorable response.
    Mar 23 05:44 AM | 1 Like Like |Link to Comment
  • A bipartisan group of senators is working to give regulators more time to finalize the Volcker Rule and, by extension, more time for concerned banks to comply. The Volcker Rule is due to take effect July 21; senators want it to start one year after the regulators finish their work.  [View news story]
    Tony..I think that the liberals believe that ALL risk can be removed by regulation and that ALL problems and perceived inequities can be resolved through regulation.
    Mar 21 08:22 AM | Likes Like |Link to Comment
  • CNN reports Pres. Obama will announce Thursday a fast-tracking of the southern half of the Keystone XL (TRP) pipeline. Permitting for such a project can take a year or more, so a commitment to expedite the process could shave several months off that timeline.  [View news story]
    Terry330..I have been reading your comments for awhile now and I am still trying to figure out exactly why you visit this site..I have NEVER seen you post any comments on actual stock or trading commentary..I have only seen posts from a far left position on political commentary..I was wondering whether the Daily Kos or the Huffington Puffington Post might be more appropriate and favorable venues for your ideology..
    Mar 20 08:28 PM | 4 Likes Like |Link to Comment
  • People in their 20's are carrying average debt loads of $45K, according to a PNC survey, with education loans topping the list. Servicing much of this debt is about to get harder as the interest charged on government-subsidized Stafford loans is scheduled to jump on July 1 to 6.8% from 3.4%.  [View news story]
    Just looked into my crystal ball..and I see the current administration discussing more relief programs designed to buy votes..
    Mar 20 08:43 AM | 1 Like Like |Link to Comment
  • As expected, Australia passed a contentious mining tax expected to raise $11B over the next 3 years. "We've got a spectacular resources boom," says PM Gillard, "It makes sense to take some money from the turbo-charged section of the economy and share it more broadly." Will the tax be repealed when the boom turns bust?  [View news story]
    David..your analysis is sharp..again..!
    Mar 20 08:39 AM | 1 Like Like |Link to Comment
  • Bernanke will deliver today the first of four hour-long lectures on the history of the Fed as part of what is essentially a PR blitz to set the narrative of the Fed's role during and after the financial crisis. Watch it here, if you like, or just wait for the CliffsNotes.  [View news story]
    berbno1 You are always free to visit Daily Kos..and the Huffington Puffington Post if you would like non cynical and completely honest commentary..
    Mar 20 08:23 AM | Likes Like |Link to Comment
  • According to projections, earnings season - which begins in just a few weeks - is shaping up to be one of the worst since the financial crisis began. Projections for Q1 earnings growth are running as low as 0.5%, according to Standard & Poor's/Capital IQ. And that's coming off a mediocre Q4, where most of the earnings beats came off drastically lowered expectations.  [View news story]
    But stocks continue higher..
    Mar 19 08:27 PM | Likes Like |Link to Comment
  • The Treasury is expected to announce today that taxpayers made a $25B profit on mortgage debt the government bought during the financial crisis. That would be the Treasury's largest profit from any program tied to the financial crisis, and, according to officials, highlights that the government can, in fact, unwind a rescue program without destabilizing markets.  [View news story]
    Very well stated David..and how much has been lost with Fannie and Freddie..?
    Mar 19 08:26 AM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: -14K to 351K vs. -7K consensus. Continuing claims -81K to 3.34M.  [View news story]
    Econdoc..Maybe you are the one that is living in a fantasy world..
    Mar 17 03:52 PM | Likes Like |Link to Comment
  • Initial Jobless Claims: -14K to 351K vs. -7K consensus. Continuing claims -81K to 3.34M.  [View news story]
    Some people are just smart enough not to believe everything we are told....and then there are sheep..who believe everything..I will try not to rain on your parade with my healthy skepticism..
    Mar 17 03:50 PM | Likes Like |Link to Comment
  • Today's top Apple (AAPL) call comes courtesy of Global Macro Monitor, which sees at least a short-term pause in the stock's run after yesterday's quick retreat from $600. The rare long red candlestick on the chart looks to signal a pause or retreat from Apple's rise (for a day or so, it seems!).  [View news story]
    CNBC had some brilliant guy on yesterday..wasn't paying complete attention since I was trading..but he said the move in AAPL was NOT parabolic..Makes me wonder what the definition of a parabolic move is..
    Mar 16 08:57 AM | Likes Like |Link to Comment
  • Optimism about the job market jumps in March, with 19% saying now is a "good time" to find a quality job, up from 13% previously, according to Gallup. It's the highest read since September 2008, though still not a great number as 78% continue to say it's a "bad time."  [View news story]
    It is a good time to find a quality job at McDonalds and other low paying service sector jobs..but what about higher paying quality career opportunities in mid-level management?
    Mar 16 08:49 AM | Likes Like |Link to Comment
  • The FTC and state AGs join France in investigating Google (GOOG) for bybassing the privacy settings on Apple's Safari Web browser to install cookies, the WSJ reports. If regulators find proof that Google deliberately violated a pledge last year not to "misrepresent" its privacy practices, things could get very expensive: up to $16K per violation per day.  [View news story]
    Not much for regulation but these alleged actions by GOOG cross the line and offend my sensibilities..
    Mar 16 08:33 AM | 1 Like Like |Link to Comment
  • Today's top Apple (AAPL) call comes courtesy of Global Macro Monitor, which sees at least a short-term pause in the stock's run after yesterday's quick retreat from $600. The rare long red candlestick on the chart looks to signal a pause or retreat from Apple's rise (for a day or so, it seems!).  [View news story]
    No..that can't be..What will all the brilliant talking heads on CNBC talk about now? I guess they will have to parade more AAPL bulls to talk the stock back up..
    Mar 16 08:21 AM | Likes Like |Link to Comment
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