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  • Another Extremely Rare Market Event  [View article]
    Or, just be patient and wait for Bullard to flip back to the bearish side. At the end of the day, the algos will run with whatever he says, but he's irrelevant. When Dudley comes out and says QE4 then....that's a serious buy. But he's been conspicuously silent.
    Nov 4, 2014. 11:25 AM | Likes Like |Link to Comment
  • Another Extremely Rare Market Event  [View article]
    I'm with you fellas. Strike seems to want Chris to be a fortune teller. He wasn't last year and he isn't now. On the contrary, I think his message is the same now as it was then: make small changes to allocation based on available data and avoid the urge to decide what the market is going to do before it has done it.

    Great work, Chris. Just wanted to say, you have made me a better (calmer, more patient) investor/speculator.
    Nov 3, 2014. 11:31 PM | 2 Likes Like |Link to Comment
  • Boies poised for upset in AIG bailout trial?  [View news story]
    Who knows what the job of government is, any more? Financing junk bonds or backstopping insolvent banks wasn't supposed to be in the job description, either. As a tax payer, I actually DEMAND that we make money, if we take on unnecessary risk.
    Nov 3, 2014. 02:12 PM | 2 Likes Like |Link to Comment
  • Boies poised for upset in AIG bailout trial?  [View news story]
    They may have a case but technicalities of the court don't matter much in this IMHO. This is just the kind of self-entitled hubris that could wind up bringing the guillotines out -- regular folks just aren't educated enough to understand the nuances here (hey, Rupert, you wanted them dumb, you got them dumb). Best case scenario, this is courting the lasting ill will of the people (those outside the cozy confines), and that good will no doubt be necessary again at some point.
    Nov 3, 2014. 12:15 PM | Likes Like |Link to Comment
  • Is QE 4 Right Around The Corner?  [View article]
    The will have to answer to a spike in 'failure to deliver' messages in the UST. Which would be a big flashing 'game over' message from risk markets. IN other words: they will have to answer to their primary dealers, which of course matter much more than Congress, or the people, or data or the victims of inequality etc etc etc.

    Without available high quality collateral, the chimera we call our modern markets quite simply cease to exist. That is what's happening in Japan and why we similarly will see no acceleration in BOJ programs, regardless of how bad things are getting over there.

    IMHO the endgame for this experimental phase is approaching, slowly. I have no doubt that they will however find some other new technique for blowing bubbles......which they will put into action just as soon as we run off some of the froth from this phase.
    Oct 27, 2014. 05:38 PM | Likes Like |Link to Comment
  • Is QE 4 Right Around The Corner?  [View article]
    I don't think the fed can start QE 4 at this point even if they want to, unless the federal government starts spending a lot more money on infrastructure -- the bond market is already having liquidity issues. But I suppose we'll find out soon enough.
    Oct 27, 2014. 02:58 AM | 2 Likes Like |Link to Comment
  • Subscriber growth off target at Netflix in Q3, shares dive  [View news story]
    "Cramer says it's going up". Wow. As if there wasn't enough bad news for NFLX holders already.
    Oct 15, 2014. 06:08 PM | 4 Likes Like |Link to Comment
  • SFX Entertainment: Playing House Music In A House Of Cards  [View article]
    Wow. Just when I thought nothing could top CYNK for pure, broken market entertainment value. This thing is most likely going to 100, by the end of the year.
    Oct 8, 2014. 06:02 PM | Likes Like |Link to Comment
  • GoPro -10.2%; founders' organization released from lockup  [View news story]
    Gotta hand it to whoever managed this IPO. Begin with a small float, make short selling possible but very expensive and intermittently difficult, make sure everyone knows it's got a ridiculous valuation, then use cheap money to float it higher until the lockup ends. Brilliantly managed. Shady, but brilliant. The next step: sell, let it sink, then buy back the shares you sold at lower than IPO prices so you don't dilute your control of the company, long term.
    Oct 2, 2014. 05:00 PM | 1 Like Like |Link to Comment
  • GLD: I Don't Think We Break Down... Yet  [View article]
    I'm not sure whether to feel happy or sad for you if you've lost your last emotional attachments 40 years ago.... ; ) good luck!
    Sep 29, 2014. 03:57 PM | Likes Like |Link to Comment
  • GLD: I Don't Think We Break Down... Yet  [View article]
    filipo: you should thank ari for hurting your sensibility and do your best to lose it entirely. this game is hard enough without taking an emotional attachment to your positions. IMHO! best of luck.
    Sep 29, 2014. 01:43 PM | 1 Like Like |Link to Comment
  • Major Stock Market Selloff Looms As The Fed's QE3 Ends  [View article]
    And if most pundits say most pundits say a sell off is long overdue then....??
    Sep 27, 2014. 04:49 PM | 8 Likes Like |Link to Comment
  • Major Stock Market Selloff Looms As The Fed's QE3 Ends  [View article]
    If by someone you mean "everyone" (other than small fish who are hoping they can dart in and out successfully) well, then, yeah. But if you're a long term holder then you're a long term holder and that's your approach. Ignore everything, in that case, and check back in 30 years. Good luck.
    Sep 27, 2014. 04:48 PM | 2 Likes Like |Link to Comment
  • Major Stock Market Selloff Looms As The Fed's QE3 Ends  [View article]
    David, this is a great point. But then again, can king dollar soar without the tacit approval of the fed? What exactly is going on here? I think they've realized this tactic didn't work and are preparing ground for another more radical effort, which will only be accepted after people accept that we need it, i.e. the SP500 trades down to 1600. On the other hand, it could just be that at some point people get sick and tired of the fed and their goldman tapes and agitate against it. THAT would be interesting, indeed.
    Sep 27, 2014. 04:44 PM | 3 Likes Like |Link to Comment
  • Major Stock Market Selloff Looms As The Fed's QE3 Ends  [View article]
    The prime reason for the end of QE as far as I can tell is worries about financial instability (lack of high quality collateral -- i.e. moar debt to monetize) rather than strong growth or inflation. IE they are in a corner and hoping no one notices, but if this year's stubborn rally in bonds is any indication.....everyone noticed. Now, if the government were functional and was using the record low rates to actually do something productive, well then growth wouldn't be an issue. But....grab your popcorn, this should be interesting. I'm guessing: newer more radical (tax rebates for everyone!) stimulus next year.
    Sep 27, 2014. 04:41 PM | 4 Likes Like |Link to Comment
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