kyleg17's Comments kyleg17's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/1091799/comments Stocks have bounced off their worst levels, but remain lower in afternoon trade. Tech (QQQ -1%) shows particular weakness, with Apple dug in below $400 and Google off 1.8%. Verizon, however, is an area of tech sector strength, +3.7% following earnings. S&P 500 down just 0.3%. http://seekingalpha.com/currents/post/952291?source=feed#comment-17799301 17799301 Thu, 18 Apr 2013 15:01:49 -0400 More from the minutes on the March FOMC meeting: Several members say if labor market conditions improve as anticipated, it would probably be appropriate to slow purchases later in the year and to stop them by the end of the year. The consensus projection is that inflation will be subdued through 2015. http://seekingalpha.com/currents/post/935341?source=feed#comment-17481141 17481141 Thu, 11 Apr 2013 01:33:07 -0400 Market recap: Stocks moved broadly higher, propelling the Dow and S&P 500 to new record levels and capping the year's strongest three-day rally. Investors took comfort in the knowledge the Fed is still very much in the mix, and surprisingly strong data from China and Europe provided an early base for optimistic sentiment. Gold was the one major weak area, knocked back by Goldman's cautious outlook. http://seekingalpha.com/currents/post/936421?source=feed#comment-17481101 17481101 Thu, 11 Apr 2013 01:31:44 -0400 The EU is preparing to take the apparent non-template that is the Cyprus bailout and incorporate some elements of it into a new law that would force haircuts on large deposits in banks that fail, economic affairs chief Olli Rehn has said. Bundesbank Jens Weidmann says that the Cyprus crisis shows that banks can be wound up. Along with Rehn's comments, it also shows that depositors' money is no longer safe in Europe. http://seekingalpha.com/currents/post/929471?source=feed#comment-17338411 17338411 Mon, 08 Apr 2013 01:30:01 -0400 March Nonfarm Payrolls: +88K vs. consensus +190K, 268K previous (revised from +236K). Unemployment rate 7.6% vs. consensus 7.7%, 7.7% previous. http://seekingalpha.com/currents/post/927761?source=feed#comment-17281771 17281771 Fri, 05 Apr 2013 16:12:41 -0400 Market recap: In a global version of "don't fight the Fed," aggressive new stimulus measures from Japan's central bank helped pull stocks higher in choppy trading. But gains were held back by a surprisingly large jump in U.S. jobless claims ahead of tomorrow's nonfarm payrolls report. Treasury prices hit their highest levels this year; crude oil ended below $94 for a two-day 4% loss. http://seekingalpha.com/currents/post/926781?source=feed#comment-17242511 17242511 Thu, 04 Apr 2013 20:28:14 -0400 Stocks carve out new session lows minutes before the bell as Dow Jones reports the North Korean army saying it has received approval for a nuclear attack on the U.S. Approval from whom? With what missile? S&P 500 -1.3%. http://seekingalpha.com/currents/post/924091?source=feed#comment-17181391 17181391 Wed, 03 Apr 2013 15:50:40 -0400 Market recap: Stocks recouped early losses sparked by disappointing data from China, lifting the Dow to another all-time high and the S&P 500 within nine points of its own record. Gains were broad, led by financial and materials shares; Apple spiked late amid iPhone rumors and buzz about a possible special dividend. Nymex crude topped $92 after a late-day push; gold posted its highest close this month. http://seekingalpha.com/currents/post/880791?source=feed#comment-16148291 16148291 Mon, 11 Mar 2013 17:09:20 -0400 Market recap: Stocks recouped early losses sparked by disappointing data from China, lifting the Dow to another all-time high and the S&P 500 within nine points of its own record. Gains were broad, led by financial and materials shares; Apple spiked late amid iPhone rumors and buzz about a possible special dividend. Nymex crude topped $92 after a late-day push; gold posted its highest close this month. http://seekingalpha.com/currents/post/880791?source=feed#comment-16148271 16148271 Mon, 11 Mar 2013 17:08:25 -0400 President Obama is due to meet with Congressional leaders today to discuss the $85B of automatic spending cuts that are due to take effect at 11.59 pm tonight - on the by now fairly strong assumption the sides don't find a way to delay the reductions once more. While the White House has been issuing dark warnings about the effects of the cuts, there's much confusion about which programs will be hit. http://seekingalpha.com/currents/post/861311?source=feed#comment-15687151 15687151 Fri, 01 Mar 2013 10:40:12 -0500 President Obama is due to meet with Congressional leaders today to discuss the $85B of automatic spending cuts that are due to take effect at 11.59 pm tonight - on the by now fairly strong assumption the sides don't find a way to delay the reductions once more. While the White House has been issuing dark warnings about the effects of the cuts, there's much confusion about which programs will be hit. http://seekingalpha.com/currents/post/861311?source=feed#comment-15687101 15687101 Fri, 01 Mar 2013 10:39:36 -0500 Market recap: The S&P 500 broke below 1,500 and the Dow declined more than 200 points, shortly after hitting a new multi-year high, as the prospect of a hung parliament in Italy renewed scary scenarios of widening sovereign debt yields and another flare-up of the eurozone debt drama. The uncertainty also sank Treasury yields to one-month lows, and pushed gold and industrial commodities sharply higher. http://seekingalpha.com/currents/post/849631?source=feed#comment-15502141 15502141 Mon, 25 Feb 2013 20:56:34 -0500 Europe closes a wild day higher across the board, but sharply down from earlier levels. Stocks popped at the open following Friday afternoon's rally stateside and then soared after early polls showed Italians voting in a Brussels-friendly way. Later results, however, showed just the opposite. In the European tradition of making them vote until they get it right, another election could be in the offing. Stoxx 50 +0.8%, led by Germany +1.4%. After being up about 4% earlier, Italy +0.5%. Also up sharply early, the euro -0.2% to $1.3164.  http://seekingalpha.com/currents/post/848931?source=feed#comment-15483281 15483281 Mon, 25 Feb 2013 13:22:26 -0500 More on FOMC minutes: Those expressing concern about the costs/risks from further asset purchases are upgraded to "many" from "several." A "number" said a close look at the data might well lead the FOMC to "taper or end" QE before a substantial improvement in the labor market occurred. "Several" argue the risks of ending too soon are also significant. Status quo for now, but the monetary law of the land can clearly no longer be called QE∞. http://seekingalpha.com/currents/post/839271?source=feed#comment-15312571 15312571 Thu, 21 Feb 2013 11:00:40 -0500 More on FOMC minutes: Those expressing concern about the costs/risks from further asset purchases are upgraded to "many" from "several." A "number" said a close look at the data might well lead the FOMC to "taper or end" QE before a substantial improvement in the labor market occurred. "Several" argue the risks of ending too soon are also significant. Status quo for now, but the monetary law of the land can clearly no longer be called QE∞. http://seekingalpha.com/currents/post/839271?source=feed#comment-15292031 15292031 Thu, 21 Feb 2013 00:45:02 -0500 More on FOMC minutes: Those expressing concern about the costs/risks from further asset purchases are upgraded to "many" from "several." A "number" said a close look at the data might well lead the FOMC to "taper or end" QE before a substantial improvement in the labor market occurred. "Several" argue the risks of ending too soon are also significant. Status quo for now, but the monetary law of the land can clearly no longer be called QE∞. http://seekingalpha.com/currents/post/839271?source=feed#comment-15291831 15291831 Thu, 21 Feb 2013 00:33:48 -0500 More on FOMC minutes: Those expressing concern about the costs/risks from further asset purchases are upgraded to "many" from "several." A "number" said a close look at the data might well lead the FOMC to "taper or end" QE before a substantial improvement in the labor market occurred. "Several" argue the risks of ending too soon are also significant. Status quo for now, but the monetary law of the land can clearly no longer be called QE∞. http://seekingalpha.com/currents/post/839271?source=feed#comment-15291531 15291531 Thu, 21 Feb 2013 00:18:03 -0500 More on FOMC minutes: Those expressing concern about the costs/risks from further asset purchases are upgraded to "many" from "several." A "number" said a close look at the data might well lead the FOMC to "taper or end" QE before a substantial improvement in the labor market occurred. "Several" argue the risks of ending too soon are also significant. Status quo for now, but the monetary law of the land can clearly no longer be called QE∞. http://seekingalpha.com/currents/post/839271?source=feed#comment-15286521 15286521 Wed, 20 Feb 2013 20:53:32 -0500 The NY Fed is apparently trying to let BofA (BAC) off the hook for possible sizable legal claims related to former AIG (AIG) mortgage securities held by Maiden Lane II following the insurer's bailout in 2008. AIG has sued BofA to recover some of the $18B loss it suffered on the assets, but the bank argues that AIG gave its right to sue to the NY Fed when it sold the assets. The latter agrees and has released BofA from most of the connected legal liabilities even though it's not yet certain that the NY Fed has the right to do so. http://seekingalpha.com/currents/post/833031?source=feed#comment-15125491 15125491 Sun, 17 Feb 2013 15:26:59 -0500 Daniel Loeb looks like he might be letting Carl Icahn do most of the slugging in the battle of the hedge fund titans over Herbalife (HLF), with Loeb's Third Point reportedly selling part of his position in the company. The fund disclosed a passive 8.24% stake on January 9. http://seekingalpha.com/currents/post/833071?source=feed#comment-15125351 15125351 Sun, 17 Feb 2013 15:23:34 -0500 On the hour: Dow -0.31%. 10-yr +0.02%. Euro -0.71% vs. dollar. Crude +0.22% to $96.83. Gold -0.63% to $1668.25. http://seekingalpha.com/currents/post/812451?source=feed#comment-14708471 14708471 Thu, 07 Feb 2013 14:36:05 -0500 Did Apple Bottom Friday? http://seekingalpha.com/article/1015611/comments?source=feed#comment-14568341 14568341 Mon, 04 Feb 2013 22:04:18 -0500 The House passes the Senate's fiscal cliff bill, 257-167. It now heads to the president for signature. (what's in the deal) http://seekingalpha.com/currents/post/740531?source=feed#comment-13203071 13203071 Tue, 01 Jan 2013 23:11:47 -0500 The House passes the Senate's fiscal cliff bill, 257-167. It now heads to the president for signature. (what's in the deal) http://seekingalpha.com/currents/post/740531?source=feed#comment-13202781 13202781 Tue, 01 Jan 2013 23:04:45 -0500 The House will vote on the unamended Senate bill at 9 PM ET, reports CNN's Dana Bash. Any attempt to alter the bill by adding spending cuts has reportedly been abandoned for now. Update at 9:10: The vote has been pushed back to 11 PM ET. http://seekingalpha.com/currents/post/740511?source=feed#comment-13199781 13199781 Tue, 01 Jan 2013 21:02:46 -0500 The House will vote on the unamended Senate bill at 9 PM ET, reports CNN's Dana Bash. Any attempt to alter the bill by adding spending cuts has reportedly been abandoned for now. Update at 9:10: The vote has been pushed back to 11 PM ET. http://seekingalpha.com/currents/post/740511?source=feed#comment-13199061 13199061 Tue, 01 Jan 2013 20:28:54 -0500 The chances for a fiscal cliff deal in the next 48 hours are "exceedingly good," says Senator Lindsey Graham, appearing on Fox News. "Hats off to the President, he won," Graham adds. "The President campaigned on raising rates and he's going to get a rate increase." http://seekingalpha.com/currents/post/738771?source=feed#comment-13125501 13125501
PS- you guys sound like a bunch angry teenagers on here arguing with each other.]]> Sun, 30 Dec 2012 15:03:18 -0500
PS- you guys sound like a bunch angry teenagers on here arguing with each other.]]> Pres. Obama reportedly won't be making a new budget offer to Republicans today, and will instead reiterate last week's proposal. Stocks have tanked on the news. S&P -1%. Dow -1.1%. NASDAQ -0.7%. http://seekingalpha.com/currents/post/738391?source=feed#comment-13075661 13075661 Fri, 28 Dec 2012 16:13:28 -0500 Lawmakers in the U.S. see a quick-patch solution as the best hope of averting the automatic tax increases and spending cuts set to hit on January 1. Over the weekend the blame game was in full cycle while key Senators hit the talk TV circuit. The last word from President Obama is that he would immediately sign a bill into law extending tax cuts for those making $250K or less. http://seekingalpha.com/currents/post/734061?source=feed#comment-12942831 12942831 Mon, 24 Dec 2012 10:01:24 -0500 At the close: Dow +0.39% to 13304. S&P +0.53% to 1443. Nasdaq +0.19% to 3050. Treasurys: 30-year -0.03%. 10-yr -0.02%. 5-yr -0.02%. Commodities: Crude -0.11% to $89.89. Gold -1.07% to $1649.85. Currencies: Euro +0.11% vs. dollar. Yen +0.02%. Pound -0.2%. http://seekingalpha.com/currents/post/731511?source=feed#comment-12834031 12834031 Thu, 20 Dec 2012 16:03:51 -0500