Moses's Comments Moses's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/160675/comments Restructuring firms are hiring up and getting ready for business, as a wall of debt amounting to as much as $1.3T matures before 2014 - resulting in an estimated wave of three years of business restructuring demand. http://seekingalpha.com/news/market_currents/post/33571?source=feed#comment-700711 700711 Fri, 02 Oct 2009 17:45:40 -0400 Kia September U.S. sales: +24% to 21,623 to finish its best-ever quarter. Optima +214% to 5,986 vehicles. New compact sedan Forte sells 4,449 units. (PR) http://seekingalpha.com/news/market_currents/post/33484?source=feed#comment-698845 698845 Thu, 01 Oct 2009 15:15:03 -0400 Chrysler (FIATY.PK) September U.S. sales: -42.1% to 62,197, vs. estimate of -48.7%. Dodge brand -43% to 35,864 vehicles; Jeep brand -19% to 17,287; Chrysler brand -61% to 9,046. (PR) http://seekingalpha.com/news/market_currents/post/33470?source=feed#comment-698720 698720 Thu, 01 Oct 2009 13:25:43 -0400 The Treasury will sell $78B in notes and bonds next week (.pdf), along with another $60B in short-term bills. Treasurys have moved significantly higher; the 30-year yield -0.08 to 3.98%; 10-year -0.09 to 3.21%; 5-year -0.10 to 2.22%; 2-year -0.06 to 0.89%. http://seekingalpha.com/news/market_currents/post/33462?source=feed#comment-698617 698617 Thu, 01 Oct 2009 12:08:11 -0400 A depressing report suggests that even if adding two million jobs a year, it will take seven years to restore employment to pre-recession levels. http://seekingalpha.com/news/market_currents/post/33405?source=feed#comment-697308 697308

On Sep 30 04:07 PM Stone Fox Capital wrote:

> Depressing if you don't have a job, but for the market its neutral
> or bullish. Thats alot of slack in the economy that will allow for
> an extended period of low interest rates.]]> Wed, 30 Sep 2009 16:09:02 -0400

On Sep 30 04:07 PM Stone Fox Capital wrote:

> Depressing if you don't have a job, but for the market its neutral
> or bullish. Thats alot of slack in the economy that will allow for
> an extended period of low interest rates.]]> One possible reason that insider selling has become so lopsided: a Business Roundtable survey (.pdf) that finds over the next six months 79% of CEOs expect capital spending to be flat or worse - and 87% expect to do no hiring. http://seekingalpha.com/news/market_currents/post/33397?source=feed#comment-697234 697234 Wed, 30 Sep 2009 15:14:27 -0400 House Financial Services Chairman Barney Frank - who favors a "council of regulators" over the Federal Reserve when it comes to watching systemic risk - is backing Ron Paul's "Audit the Fed" bill, which is facing no significant opposition in the House. http://seekingalpha.com/news/market_currents/post/33151?source=feed#comment-690854 690854
www.congress.org/congr...]]> Fri, 25 Sep 2009 11:16:46 -0400
www.congress.org/congr...]]> Sept. Reuters/University of Michigan Consumer Sentiment: 73.5, the highest in more than a year, vs. consensus of 70.3 and up from 65.7 in August. Current conditions 73.4 vs. 66.6 in Aug. 12-month outlook an astonishing 88, up from 69. "Pace of gains in confidence continued in late September as the economic news reaching consumers grew even more positive," researchers say. http://seekingalpha.com/news/market_currents/post/33141?source=feed#comment-690677 690677 Fri, 25 Sep 2009 10:08:43 -0400 The Fed says continued improvement is leading it to further scale back two emergency lending programs, the Term Auction Facility and Term Securities Lending Facility. More details on the Fed's balance-sheet makeup to come this afternoon. http://seekingalpha.com/news/market_currents/post/33095?source=feed#comment-689806 689806

On Sep 24 02:43 PM herbert hoover wrote:

> and, by the way, they're running out of money]]> Thu, 24 Sep 2009 15:17:13 -0400

On Sep 24 02:43 PM herbert hoover wrote:

> and, by the way, they're running out of money]]> The FHA has been hit so hard by the mortgage crisis that for the first time ever its cash reserves will drop below the minimum level set by Congress, Commissioner David Stevens tells The Washington Post in an interview. "There's nothing more serious that we're addressing right now, outside the housing crisis in general, than this issue." http://seekingalpha.com/news/market_currents/post/32739?source=feed#comment-682436 682436 Fri, 18 Sep 2009 10:37:42 -0400 Seeking Alpha contributor and YouTube star Peter Schiff formally launches his campaign to unseat Chris Dodd as Connecticut senator. In our live discussion on the dollar this summer, Schiff took some strong positions about the (un)reliability of Fed figures. http://seekingalpha.com/news/market_currents/post/32696?source=feed#comment-681873 681873 Thu, 17 Sep 2009 21:58:42 -0400 New from The Economist: a Global Debt Clock. At 10:37 today, global debt totalled $35,014,935,027,853. http://seekingalpha.com/news/market_currents/post/32583?source=feed#comment-678996 678996 www.reuters.com/articl...

According to that article, total debt is over one third of total wealth.]]> Wed, 16 Sep 2009 10:46:21 -0400 www.reuters.com/articl...

According to that article, total debt is over one third of total wealth.]]> New from The Economist: a Global Debt Clock. At 10:37 today, global debt totalled $35,014,935,027,853. http://seekingalpha.com/news/market_currents/post/32583?source=feed#comment-678992 678992 Wed, 16 Sep 2009 10:42:30 -0400 Wells Fargo (WFC) says it has fired the executive who settled in at a foreclosed $12M Malibu Colony beach house for summer weekends and parties. http://seekingalpha.com/news/market_currents/post/32464?source=feed#comment-676531 676531 Mon, 14 Sep 2009 17:18:12 -0400 Fed buys back $4.95B of the $14.5B offered by dealers in Treasurys maturing from 2016 to 2019, less than the $7B it bought on Aug. 7 when dealers were offering $48.3B. http://seekingalpha.com/news/market_currents/post/32077?source=feed#comment-666488 666488 Tue, 08 Sep 2009 11:30:25 -0400 August Nonfarm Payrolls: -216,000 vs. consensus of -230K. July revised to -276K from -247K. Unemployment 9.7% vs. consensus of 9.5%. Bottom line: Aug. was better than expected, but most of that came from the July revision. Unemployment was 0.2 points worse than expected. http://seekingalpha.com/news/market_currents/post/31930?source=feed#comment-661505 661505
www.bls.gov/web/cesbd.htm]]> Fri, 04 Sep 2009 08:37:54 -0400
www.bls.gov/web/cesbd.htm]]> More from the SEC IG's report (.pdf): "The branch chief assigned to the Madoff Enforcement investigation took an instant dislike to (whistleblower Harry) Markopolos and declined to even pick up the 'several inch thick file folder on Madoff' that Markopolos offered." Also, the SEC was tipped in March 2008 that Madoff kept two sets of records, but refused to investigate. http://seekingalpha.com/news/market_currents/post/31790?source=feed#comment-658745 658745 Wed, 02 Sep 2009 14:15:23 -0400 Rumors that Wells Fargo (WFC -3.4%) may be in trouble. http://seekingalpha.com/news/market_currents/post/31671?source=feed#comment-656511 656511 Tue, 01 Sep 2009 12:02:20 -0400 How long before we follow Shanghai off the cliff? http://seekingalpha.com/news/market_currents/post/31612?source=feed#comment-655594 655594

On Aug 31 07:11 PM Tack wrote:

> Ahh, yes, the lemmings are all out in force. If the correlation
> to the 1930's Dow chart hasn't produced the requisite negative results,
> yet, maybe, we can turn to China for guidance. Has anybody stopped
> for five minutes to assess how or why China's internal economy and
> the handling thereof is correlated with our own?
>
> China is a major exporter, world's second largest after Germany.
> It's economy is much more dependent on what happens here, and elsewhere,
> rather than the opposite. I realize that this fact is much in contrast
> to the "new think" that China drives the world and that it controls
> the destiny of things. The fallacy of this thinking was already
> readily displayed when the pundits said China, and some other non-Western
> nations, would escape recession while the U.S. plunged. Of course,
> t didn't work out that way, at all, which was little surprise to
> those with more conventional thinking.
>
> While the U.S. does export to China, the comparative impact on us
> of a slowdown in China is marginal, as compared to how we affect
> them when we slow down. So, if anybody is going to follow somebody
> up or down, it will be China's economy following the U.S., rather
> than the other way around.
>
> Let's get the dog and the tail pinned on the right entities.
>
>
>
> The U.S. economy]]> Mon, 31 Aug 2009 20:51:49 -0400

On Aug 31 07:11 PM Tack wrote:

> Ahh, yes, the lemmings are all out in force. If the correlation
> to the 1930's Dow chart hasn't produced the requisite negative results,
> yet, maybe, we can turn to China for guidance. Has anybody stopped
> for five minutes to assess how or why China's internal economy and
> the handling thereof is correlated with our own?
>
> China is a major exporter, world's second largest after Germany.
> It's economy is much more dependent on what happens here, and elsewhere,
> rather than the opposite. I realize that this fact is much in contrast
> to the "new think" that China drives the world and that it controls
> the destiny of things. The fallacy of this thinking was already
> readily displayed when the pundits said China, and some other non-Western
> nations, would escape recession while the U.S. plunged. Of course,
> t didn't work out that way, at all, which was little surprise to
> those with more conventional thinking.
>
> While the U.S. does export to China, the comparative impact on us
> of a slowdown in China is marginal, as compared to how we affect
> them when we slow down. So, if anybody is going to follow somebody
> up or down, it will be China's economy following the U.S., rather
> than the other way around.
>
> Let's get the dog and the tail pinned on the right entities.
>
>
>
> The U.S. economy]]> The TurboTax defense fails in U.S. Tax Court for two Ohio residents, who were not under consideration for government posts. http://seekingalpha.com/news/market_currents/post/31331?source=feed#comment-647765 647765 Wed, 26 Aug 2009 15:29:05 -0400 Robert Reich's advice: Don't freak out about the deficit. Economic growth - or lack of it - can render 10-year projections meaningless. http://seekingalpha.com/news/market_currents/post/31308?source=feed#comment-647260 647260 Wed, 26 Aug 2009 10:54:42 -0400 A dramatic visual of how an earnings-less rally can produce a historic P/E ratio. http://seekingalpha.com/news/market_currents/post/31052?source=feed#comment-640146 640146
I'm not going to bother responding to the rest of your comment but the simple fact that you cite operating income for P/E valuations says enough about your argument not to mention those pesky recurring "non-recurring" charges for GAAP. Clearly we can revert back to the good 'ole days of 2007 but with double the unemployment rate.


On Aug 21 02:11 PM Vox Rationalis wrote:

> On Aug 21 12:49 PM Moses wrote:]]> Fri, 21 Aug 2009 14:31:18 -0400
I'm not going to bother responding to the rest of your comment but the simple fact that you cite operating income for P/E valuations says enough about your argument not to mention those pesky recurring "non-recurring" charges for GAAP. Clearly we can revert back to the good 'ole days of 2007 but with double the unemployment rate.


On Aug 21 02:11 PM Vox Rationalis wrote:

> On Aug 21 12:49 PM Moses wrote:]]> A dramatic visual of how an earnings-less rally can produce a historic P/E ratio. http://seekingalpha.com/news/market_currents/post/31052?source=feed#comment-639988 639988 Fri, 21 Aug 2009 12:49:47 -0400 "At the end of the day, we believe we will be able to pay back the government and we hope we will be able to do something for our shareholders as well." - new AIG CEO Robert Benmosche, on vacation in Croatia. Shares are up 29%. http://seekingalpha.com/news/market_currents/post/30952?source=feed#comment-638031 638031 Thu, 20 Aug 2009 11:01:15 -0400 "At the end of the day, we believe we will be able to pay back the government and we hope we will be able to do something for our shareholders as well." - new AIG CEO Robert Benmosche, on vacation in Croatia. Shares are up 29%. http://seekingalpha.com/news/market_currents/post/30952?source=feed#comment-638028 638028 Thu, 20 Aug 2009 11:00:08 -0400 Delinquent mortgages hit 13.16% in Q2, the highest percentage on record, MBA says this morning. Mortgages somewhere in the foreclosure process reached 4.3% of all mortgages, up from 3.85% in Q1, but new loans entering the foreclosure process was down 1 point to 1.36%. http://seekingalpha.com/news/market_currents/post/30949?source=feed#comment-638008 638008 Thu, 20 Aug 2009 10:49:21 -0400 Treasurys rallied, as the market successfully soaks up $75B in debt issued this week. The 30-year yield -0.12 to 4.43%; 10-year -0.11 to 3.6%; 5-year -0.12 to 2.56%; 2-year -0.07 to 1.09%. Dollar -0.8% against yen; -0.7% against Euro; -0.6% against pound. http://seekingalpha.com/news/market_currents/post/30523?source=feed#comment-628755 628755 Thu, 13 Aug 2009 16:08:55 -0400 The goverment's staggering $1.3T deficit is painful, but Tom Petruno says it's only half the problem: "The other side is the plunge in taxes and other receipts amid the deep recession." Tax receipts are down 17%, personal income tax is off 21%, while corporate tax receipts have plunged 58%. http://seekingalpha.com/news/market_currents/post/30494?source=feed#comment-628266 628266 Thu, 13 Aug 2009 11:18:02 -0400 June Business Inventories: -1.1% vs. -0.8% consensus. May revised to -1.2% from -1%. http://seekingalpha.com/news/market_currents/post/30482?source=feed#comment-628094 628094 Thu, 13 Aug 2009 10:07:38 -0400 Fed Open Market Committee: Winding down $300B of Treasury buys by end of October rather than September. Maintains federal funds rate at 0-0.25% and expects it there "for an extended period." Though economic activity is "likely to remain weak for a time, the Committee continues to anticipate ... a gradual resumption of sustainable economic growth in a context of price stability." Expects inflation to remain "subdued for some time." http://seekingalpha.com/news/market_currents/post/30406?source=feed#comment-627144 627144 Wed, 12 Aug 2009 14:52:27 -0400