dukeb

Wednesday Outlook: Commodities, Emerging Markets

XLF chart was a chuckle....too bad you didn't have a vertically flipped answer key below it!

Tuesday Outlook: Commodities, Emerging Markets

On my news ticker now: "*DJ Bernake: IndyMac Failure Was 'Inevitable,' Bad Asset Quality"

That also makes you wonder about how well the FDIC's pending "aggressive" readjustment of mortgage terms will proceed. If the IndyMac assets / loans are bad, perhaps the FDIC will only prove true the rumors that not many are actually salvageable. They might be shooting their foot while it's still in their mouth....but only time will tell.

Tuesday Outlook: Commodities, Emerging Markets

David, thanks for pointing out DGP a few posts ago!

The people who blame Schumer for IndyMac are so freakin' clueless it boggles any mind with an IQ over v1.5. If anything, he saved some depositors their butts. Go to the FDIC's IndyMac FAQs and get an education on what happens during a takeover rather than sale...you fill out forms for even properly titled accounts if your combined balance is over $100k. If you have brokered IndyMac CDs, the interest stopped the day of the takeover but you're not going to get your $ back for a bit....that's lost interest and no access to your funds. And now the FDIC has FROZEN all foreclosures at IndyMac and is pledging to rework mortgage terms to the best possible for its borrowers BEFORE it sells what's left of the institution. Well what about the DEPOSITORS who were over their FDIC insured limits and who are supposed to collect as much of those proceeds as possible from the sale of IndyMac assets? Think giving gifts to the BORROWERS on their dime is righteous? IndyMac was the FDIC & the Bush Brown Shirts exercising what amounts to financial eminent domain over a bank to further their own agenda. It's a disgrace. Schumer is akin to an honest stock analyst who says to look out. The OTC and FDIC are prohibited from foreshadowing any of their actions, so you'll never hear it from them. Blame Schumer? Pathetic.

Wednesday Outlook: Commodities, Emerging Markets

David: The comment that the ECB is "telling" the US Fed to raise rates is being drawn from the *implications* of the differing rate stances, correct? (Rather than specific communications between the ECB & Fed, which I haven't read about but would want to if they exist. Otherwise, even though I agree with your interpretation, it's just as easy to flip who's telling who what.) Thanks.

Thursday Outlook: Commodities, Emerging Markets

Yup, I bailed on several ETFs last year that just were not living up to their marketed target. (It's a real downer when you know what the price of an issue should have done during a sharp trend, but then login to find it's done nada or even worse...gone the "wrong" way.) If they were physical products, there would be forced recalls and class-actions!

Wednesday Outlook: Commodities, Emerging Markets

Anybody watching/planning to watch the new WisdomTree U.S. Current Income Fund (USY) ETF? It's supposedly an actively managed money market, which might be an interesting alternative to pathetic brokerage sweeps. But it's certainly not generating much interest off the bat.

Friday Outlook: Commodities, Emerging Markets

For what it's worth, I'll buy that. Thanks for the clarification.

Friday Outlook: Commodities, Emerging Markets

I'll be the first with the GLD sword, then.

"I don't know why I said that frankly" is a completely lame self-analysis for a public technician regarding what appears to be outright disinformation in Wednesday's Outlook. (GLD: "We took a small long position today.") There's no useful information in that Crameresque confession, and unless I'm missing the joke somewhere, we deserve better. (Was it merely a tense-typo followed by change of mind, temporary insanity, or something else?)

Wednesday Outlook: Commodities, Emerging Markets

Can somebody pass a Federal law prohibiting tenths-of-a-penny pricing for retail gallons of gas? (I hate laws, but I think that's what it would take in this case.)

Wednesday Outlook: Commodities, Emerging Markets

I'm addicted to my wife, my morning coffee, and this column.