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eabyrd

eabyrd
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  • The heatwave hitting the Midwest could wreak havoc on our corn crop, says Dennis Gartman. Without a good storm we may lose it, which could, in turn, ripple across a wide range of other industries as well. Corn is used in a variety of products from candy to renewable fuels. The key date to watch for is Independence Day. The Midwest needs a good soaker by July 4th to keep the corn crop stable. If not, Gartman warns, we're looking at a potential game changer for the markets.  [View news story]
    Seems totally irrelevant...
    Jun 26 02:38 PM | Likes Like |Link to Comment
  • The heatwave hitting the Midwest could wreak havoc on our corn crop, says Dennis Gartman. Without a good storm we may lose it, which could, in turn, ripple across a wide range of other industries as well. Corn is used in a variety of products from candy to renewable fuels. The key date to watch for is Independence Day. The Midwest needs a good soaker by July 4th to keep the corn crop stable. If not, Gartman warns, we're looking at a potential game changer for the markets.  [View news story]
    Seems like this predicament would less worrisome if we weren't burning our food as gas... Ethanol is one of the biggest scams in history.
    Jun 25 09:41 PM | 1 Like Like |Link to Comment
  • Market recap: The familiar fear that the eurozone is on the verge of imploding sent stocks to their second big loss in three sessions, as investors took a skeptical view of this week's EU summit and Spain's request for a bailout of its banks. Crude oil prices slid to nearly $78 amid the concerns, pulling down shares of energy firms; banks also slipped. NYSE losers led winners nearly three to one.  [View news story]
    Not according to the VIX...
    Jun 25 09:33 PM | Likes Like |Link to Comment
  • Market recap: The familiar fear that the eurozone is on the verge of imploding sent stocks to their second big loss in three sessions, as investors took a skeptical view of this week's EU summit and Spain's request for a bailout of its banks. Crude oil prices slid to nearly $78 amid the concerns, pulling down shares of energy firms; banks also slipped. NYSE losers led winners nearly three to one.  [View news story]
    In sum: Europe still sucks.
    Jun 25 04:19 PM | 1 Like Like |Link to Comment
  • Daily State Of The Markets: Are There Reasons To Be Optimistic [View article]
    BB will twist those bolts until tight or broken... :)
    Jun 25 11:37 AM | Likes Like |Link to Comment
  • The long-awaited downgrades of big U.S. and U.K. banks from Moody's could come after the U.S. close tonight, reports Sky News' Mark Kleinman. Morgan Stanley (MS) is an especially interested party (I, II)  [View news story]
    Translation: Ratings agencies may tell public what they already know way behind the curve. Great job at predicting the past, agencies.
    Jun 21 01:27 PM | 1 Like Like |Link to Comment
  • Chimera Investment (CIM -5.2%) falls sharply after declaring a Q2 dividend of $0.09/share, down from $0.11 in Q1. It's the 2nd dividend cut in 3 quarters on top of the recent firing of its auditor (the company has yet to file its 2011 10K or Q1 10Q). (PR)  [View news story]
    Agreed that savings, CDs, and treasuries aren't the place to be... but I'd still be concerned considering they've cut twice now when many peers have maintained or increased their dividends. I'm long TWO... solid so far and steady dividends. All REITs got a bit of good news from the FOMC decision to extend OpTwist. AGNC and ARR are also worth a look.
    Jun 21 10:44 AM | Likes Like |Link to Comment
  • In her speech tonight at the Boston Economic Club, Fed Vice Chair Janet Yellen suggests the Fed may be close to taking more easing steps this month in response to ongoing housing problems, a weak jobs market and the escalating euro zone crisis. "There are a number of significant downside risks to the economic outlook," Yellen says, "Hence it may well be appropriate to insure against adverse shocks that could push the economy into territory where a self-reinforcing downward spiral of economic weakness would be difficult to arrest."  [View news story]
    Well said! Thanks for the laugh.
    Jun 6 09:34 PM | 3 Likes Like |Link to Comment
  • Former President Bill Clinton thinks the U.S. economy is already in a recession and urges Congress to extend all the tax cuts due to expire at the end of the year. "What I think we need to do is find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now," Clinton says, "Then deal with what's necessary in the long term debt-reduction plans as soon as they can, which presumably would be after the election."  [View news story]
    Since the Constitution says that defense is the federal government's top priority, the more appropriate question is "who will pay for everything else?"

    To your point, cut taxes. The government sucks at spending money.
    Jun 5 09:10 PM | 4 Likes Like |Link to Comment
  • The Miners Are Forming A Major Bottom [View article]
    Lol vireoman... thanks for the chuckle!
    Jun 5 11:06 AM | Likes Like |Link to Comment
  • The Miners Are Forming A Major Bottom [View article]
    Consider NUGT...
    Jun 4 01:14 PM | 2 Likes Like |Link to Comment
  • Boeing (BA +0.4% to $67.51) is the subject of a couple positive analyst reports that say the stock should be bought on its recent weakness. Stifel Nicolaus upgrades the stock to "buy" from "hold," with a price target of $80. Sterne Agee maintains a "Buy" rating, saying it believes 787 deliveries are on plan. At last, one might add.  [View news story]
    BA definitely one I'd like to have for the long-term... but amid chaos everywhere, not sure I'll be buying a company that's sales are surely to be hurt by global slowdown... It does look cheap here, though..
    Jun 4 09:56 AM | Likes Like |Link to Comment
  • The Case For 'Dollar Backwardation' [View article]
    There could be several reasons why they'd prefer cash, including tax benefits... but they're irrelevant really, because all those reasons add up to making physical cash worth more than electronic cash.
    May 27 01:31 PM | Likes Like |Link to Comment
  • Catalan President Artur Mas appeals to Madrid for a rescue, saying his region (home to Barcelona) is running out of debt financing options. "We don't care how (Madrid helps), but we need to make payments at the end of the month." The euro falls to session lows at $1.2510.  [View news story]
    Why certainly.

    You have been touting this ratio and the lack of a bailout request in CA and TX's request for one. I simply countered and said that CEOs are running away and TX unemployment is below the national average, not to mention far below CA. See for yourself...

    http://bit.ly/K28S3g

    That's four data points (1-debt/GSP, 2-bailout requests, 3-CEO survey, 4-unemployment rates in TX/CA), all of which are accurate. Two imply good things about CA, two imply bad things. I'm simply pointing out that one metric is hardly a fair gauge of an economy (or anything for that matter), and that in order to get a more rounded view and understanding, you should use numerous data points (I figured you'd know this since physics and math are your things... would you determine gravity with one ball drop? Probably not.).

    You're efforts to 'win the debate' with things like "your venom..." and "...sheer bigotry" bring no validity to your arguments. It actually proves how subjective and personal you're making this discussion. I'm not trying to offend you, I'm trying to have a rational discussion. I'm sorry you're unable to do the same.

    Tailwinds.
    May 26 03:13 PM | Likes Like |Link to Comment
  • Catalan President Artur Mas appeals to Madrid for a rescue, saying his region (home to Barcelona) is running out of debt financing options. "We don't care how (Madrid helps), but we need to make payments at the end of the month." The euro falls to session lows at $1.2510.  [View news story]
    I wasn't aware that debates were that linear. Typically, debate on one topic will instigate debates on similar topics (like going from bailouts in a city in Europe to bailouts in CA and TX... or going from foreign bailouts to domestic state-level GSP). Perhaps you all do it different in CA... I'm certainly not surprised.

    Stating facts is hardly a jab or accusation. The truth hurts I suppose.

    Like I said, it's your state, not mine. If slow motion train wrecks are you thing, grab a beer and enjoy the show!
    May 26 01:18 PM | Likes Like |Link to Comment
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