j_remington

Fed's Crisis Policies Will Continue to Backstop Financial Assets

the mkt will not rollover on a dime...follow the chart

UBS out with a bullish note this morning: "In our view, a large correction remains fundamentally unwarranted. We find little evidence to support the assertion that the 2009 market rally represents a liquidity-induced 'bubble,' or that the recent spate of market choppiness is a function of over-valuation."

pump the mkt with more bs

Banking analyst Dick Bove says he's out of the instant-analysis game - shedding some light on the seeming contradiction between his positive morning CNBC comments on Wells Fargo (WFC) and a downgrade to "sell" that helped spur an end-of-day market selloff yesterday. "I’m not going to do it anymore. I’m going to have to see the numbers before I go on air," he says.

It is not about BOVE. WAKE UP!

He simply gets paid to make comments based on trader's positions.

The Folly of Focusing on Operating Earnings

The market is being moved up by manipulation. GS and the smart money are selling short.

Still Not the Great Depression 2.0

Statistics and GDP are manufactured by the government. The bigger picture is that the US economy will operate at much lower levels than prior years.


On Aug 03 08:31 AM conceptwizard wrote:

> Great post. The GDP is an important number no doubt. This is way
> to early in the game to make a prediction like this. Their are those
> economists that think we will improve and those that dont. Everyone
> agrees at this point that we are slowing in housing and empoloyment
> but not stopping. CRE is another major factor yet to torpedo the
> Financial sectors. The biggest issue that everyone just closes their
> eyes and refuses to include in any calculations is the plain, real,
> and single important factor. The banks were, are and will be insolvent
> until they get rid of the toxic assets that still sit on their books
> due to the "mark to market" accounting changes that allowed them
> to set them aside into some mysterious vault where they tick away
> like a time bomb. Meanwhile we sit around making prediction like
> the worst is over and we are going to recover. America is broke due
> to entitlement programs and Obamanomics. What is wrong with everyone,
> nothing has changed we are not coming out of this, it will get much
> worse.

Still Not the Great Depression 2.0

In 2009 Government can manipulate statistics and news. The stimulus will wither away and the true manifestation of today's recession will set in. Markets are being manipulated by the best in business, Goldman Sachs.

Recession Might Be Over, But Recovery Not Yet Here

Its all smoke and mirrors but trade the direction and follow the charts

Fed's Beige Book: The recession seems to be growing less severe. Some regions say the downturn's pace has moderated, others that activity is stabilizing. Retail sales are still sluggish, and wages and benefits are steady or falling in most districts.

"less severe" and "less worse" announcements are getting old and stale.

Dow leaders: T +1.2%. VZ +1.1%. UTX +1%. BAC +0.8%. MSFT +0.8%. Dow laggards: CAT -3.2%. GE -2.8%. DD -2.6%. CVX -2.5%. AA -2.3%.

Is it just me ? or does the market seem to be propped up by the least important stocks of the economy.

Fair Value for the S&P 500? Tell Me Lies, Sweet Little Lies

GS revised SP500 target upward last week. This is akin to when GS put out a $200 target for crude.

Indicators Suggest Commodities Will Continue to Rise

Wow you are really incorrect on this one. Commodities rise due to demand. With curbs put in for commodity trades there is no chance for rising prices without demand. Look back a few years(pre 2006) and you will see that current prices are due to be flat at best.

The Market Ignores Bearish Sales Signals and Deleveraging Headwinds

Markets want a catalyst to sell.

Given the steepness of the fall, conventional wisdom dictates the recovery from this recession will be long and painful. But, if historical evidence is to be trusted, the same economists that were too optimistic on the way down, are being too pessimistic about the rebound. "Very few recessions last longer than two years. And most recoveries, once they start, are strong."

This article was written by a business consultant. Trying to drum up new business?

Housing: 'Invest at the Point of Maximum Pessimism'

I disagree.

State Street Investor Confidence Index: +3.6 to 119.4 in July, the fourth straight monthly increase and its highest level since mid-2004. "Investors are now adding risk to their portfolios at an impressive rate, faster than we have seen in several years." European confidence jumps again but still trails North America.

yet...

"The New York-based Conference Board said Tuesday that its Consumer Confidence Index, which retreated last month, fell to 46.6, down from 49.3 in June. Economists surveyed by Thomson Reuters were expecting a reading of 49. It would take a reading above 90 to signal that the economy is on solid footing."