Behind the rise in rates and the slide in stocks is the FT reporting Bernanke is likely to signal the Fed is close to tapering at his post-FOMC meeting press conference on Wednesday. Bernanke has a dual communication issue: To signal economic improvement is leading the Fed to taper, while at the same time reassuring markets the Fed remains and will remain extraordinarily accommodative. The Dow (DIA +0.3%) is up just 50 points now. [View news story]
And with action like this, the talking heads on all the bubble T.V. channels will be trying to get mom and pop investors to join in this horribly manipulated market? I can hear the likes of Bob Doll, Rich Peterson, Tom Lee and the rest of the charlatans saying this is nothing to fear, just a blip, a correction! Really? There is no economy as we all once knew it. Our free market system has been destroyed by the hubris of Bernanke and all the central bankers and their illegitimate offspring at the I.M.F.and the World Bank! This is not a secular bull market as Ralph Acampora was fawning over on bubble T.V. on Friday! We are still mired in the Secular Bear that started in 2000 under Greenspan! This whole move off the 2009 low's has been bought and paid for by the children and their children. Damn our profligacy! Now we are going to give amnesty to 10 million ILLEGAL immigrants? They will finally collapse the system ala Cloward & Piven, please America, wake up before it is finally just to late to change the outcome. Wendsday is make or break in D.C. show up, call in and make your voice heard!
UBS thinks it may be 1994 all over again. Some similarities: The Fed's actions to reflate the economy post-2008 resemble the easy money policies that were put in place post-S&L crisis; current "lackluster" economic growth mirrors "mini-cycles"of '90-'93; 290 bps plunge in Treasury yields from '07-'12 reminiscent of 400 bps decline from '90-'94; downtrend in CPI over the past five years resembles drop from early '90s to '94. UBS' advice: Avoid "popular convergence trades" such as EM credit (EMB, EMLC), EU periphery sovereign debt (ITLT, ITLY), U.S. MBS (MBB,VMBS), and high yield (HYG, JNK). [View news story]
1994 still had a dysfunctional albeit functioning government. There was the illusion of a somewhat "Free Market System" and capitalism was still embraced! The world is mired in a profligate, big government knows better than anyone / everyone and a Federal Reserve that has LOST all respect and credibility! There is no free market system left today. Capitalism has been replaced by the progressive chant of social justice for all. Equal justice and Individual rights have been perverted beyond anything remotely recognizable! And lastly, the rule of law has been replaced by an attempt to rewrite said laws with the Law's of Man, which throughout history has been witness to unspeakable horror! May the good Lord watch over this fragile little experiment in freedom / man's self rule we call America God save the Republic!
Markets get another boost as a soothing Jon Hilsenrath piece hits reminding the Fed wants us to know a taper of asset purchases doesn't mean an end to asset purchases, and a hike in short-term interest rates isn't anywhere close to being on the radar at this point. S&P 500 (SPY +1.6%), Nasdaq 100 (QQQ +1.4%). [View news story]
Really? And this is going to continue until the Japanese bug finally hits the windshield! Then Bernanke can blame his Japanese counterparts! As for Hilsenrath, if your not part of the solution, you are the problem. This is disgusting!
In what must be the most expected firing of the year, Booz Allen Hamilton (BAH) has sacked Edward Snowden, the junior employee who leaked NSA documents that highlighted the extent of the agency's electronic surveillance activities. Shares haven't been too badly hit by the revelations, dropping just 2.6% yesterday and 0.9% so far today. (PR) [View news story]
Thank you Edward for putting the country above your personal comfort. It was something our elected officials could never understand. You sir are a patriot and you deserve the countries praise not scorn. If this was done during dubya's reign, you would receive a ticker tape parade with all the trappings and adulation that goes with it! Thankx again Ed!
CNBC's Jim Cramer isn't worried so much about Fed tapering anymore. He's watching the 10-year bond. "When the ten-year goes down," Cramer says, "people step in and start buying." Stocks like Whirlpool (WHR), Toll Bros (TOL) banks that are levered to mortgages. If we can get 10-year rates to around 2.01% there, he thinks we could have a big rally. (Video). [View news story]
Really? A big rally? As if this fed induced rally hasn't been big enough? God help us!
The Television Consumer Freedom Act backlash: 1) The bill introduced by Sen. John McCain is getting lots of attention from the cable industry, uniting big cable giants such as Comcast (CMCSA) and Time Warner Cable (TWC) with smaller regional cable companies. 2) Beyond just attempting to force a la carte cable pricing, the legislation also seeks to bar broadcasters from converting to cable networks to avoid tech upstarts like Aereo. 3) The icing on the cake might be what McCain wants to do with sports. The bill calls for banning sports blackouts (bad for DirecTV's (DTV) Sunday Ticket?) and would create havoc with new "super" conferences that are banking on big cable revenue for bundled access (bad for Time Warner (TWX) and New Corp (NWS)?) [View news story]
Really John? The world is buckling at the seams under this progressive nightmare which you are part of, and this dribble is what has your attention? Thank you for your service to "OUR" country and I respect you for it. But your RINO and worse yet progressive tendencies get the better of you and the country suffers for it! Benghazi and the cover up should be the only thing the congress should be spending time on John! This makes Watergate look like a joke! This could take down Obama and forever soil Hillary Clinton to the point of being a true pariah! But your work on cable cupcakes is so important John, you keep up with that....
FOMC Announcement: The FOMC is prepared to increase or decrease the pace of its asset purchases (currently $85B/month) depending on what happens on the economic front, particularly the jobs picture. The Committee continues to expect a "highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends." [View news story]
How about just standing pat? Could it really hurt to say we are going to "try" and do nothing. Is it even possible they ask what if? Lord have mercy!
California may face its biggest regional power shortages since the days of Enron this summer, as the state grid will be operating without Edison's (EIX) San Onofre nuclear power plant and two natural gas-fired units, while hydroelectric output will be at a three-year low. Even bigger shortages may await in the next decade as state environmental regulations force more plants to shut down. [View news story]
Couldn't happen to a more corrupt progressive state, this is what you reap voters. Allowing the likes of Boxer / Fienstein to continue to destroy the once "GOLDEN" state has costs and now the devil is due! Its to bad for the regular hard working folks, the time is nigh for some real change. The endgame is at hand and the corruption that has been festering under the progressive nightmare(wait till parents of school age children wake up to "Common Core") and its evil being rammed down the peoples throats! If the power fiasco and Common Core don't wake 'em up, the country has been transformed! FOR THE WORST! God save the Republic, while it still stands!
Remember the supposed pickup in the M&A cycle, asks PAA Research, noting continued damage in the boutique investment bank sector which mostly rolled over several weeks ago. EVR -5%, GHL -2.8%, SF -3.2%, OPY -1.6%, PJC -1.7%. [View news story]
Amazin' as I might say, but even more amazin' is not a comment... Come on all ready, this is action seen a tops. Pure and simple folks!
If you have been so blessed as to have made back some % -age of your savings, then please, be smart, be first! Get out now, at or near the top!
This level of intrusion (clearly admitted to time and time again by fed head Bernanke / Yellen), and this is NOT your "free market system" you grew up with. No sir!
This perversion is rotten and at some point real soon, everybody is going to look at each other and go, "What the hell am I still doing in this mess, get me out, OF EVERYTHING!", you don't want to be caught up in the melee! Let the barracudas eat each other in the end, raise a cheer, from the safety of the side lines with piles of cash to deploy at the right time... You know, "When there's blood in the streets",......
Louis Freeh, the bankruptcy trustee for MF Global's (MFGLQ.PK) parent company, has blasted Jon Corzine and other senior executives for the "negligent conduct" that led to the firm's collapse. In a report, Freeh also criticized the men for their "risky business strategy" and for "the company's inadequate systems." However, Freeh didn't use the word criminal, nor did he focus on the disappearance of customer money. [View news story]
Didn't use the word CRIMINAL? What's wrong with you? How do you try and make a valid point and not even have the slightest power of your conviction to call Corzine a criminal?
This is the problem, here in a nutshell! CORZINE IS A CRIMINAL and has so far escaped prosecution because of deliberate "I got your back, man" mentality as on display here!
Criminal! Pure and simple! Go to jail, do not pass go, go DIRECTLY ....
Gasoline prices this Easter weekend are at their lowest level in recent years, according to AAA; on average, a gallon of gasoline set back U.S. drivers $3.64 Friday, vs. $3.93 last Easter and $3.86 in 2011. Meanwhile, the Obama administration announced new rules Friday meant to reduce sulfur in gasoline and tighten emissions standards for cars and trucks, which could push up prices by as much as $0.09/gallon. [View news story]
Lowest? MAN! Talk about an "Overton Window", I guess with that logic Unemployment is also the lowest in years! This is total misdirection by the progressive state / media! Want to be forward thinking? Look into "C Score" your children and the future of OUR capitalist way of life depend on it! And before someone chastises me on how this is an investing blog, all this is related. How can you invest today with the fed and the state controlling everything? Looks like Canada liked the "Bail In" theory so much they are incorporating it also! Tomorrow is Easter Sunday, the Lord has risen, may the Holy spirit visit all those and strengthen that which binds us all together! Be good to each other when it is hardest, do onto others as you would have done onto you, then we can start to heal and with God's mercy, CHANGE!
This Sunday's TV clash of popular series finales - AMC's (AMCX) The Walking Dead vs. HBO's (TWX) Game of Thrones - could see both networks walk away a winner. Nielsen has adjusted its ratings to include a three-day viewing period which has major implications for how advertising rates are set. What to watch: Amid the walking zombies and white walkers in-show product placements will also help to boost revenue for the networks. [View news story]
Its Easter Sunday! Watch the Bible on the history channel, then Tape the Walking dead and watch it later!
Miles Kimball makes the case for a third term for Ben Bernanke: He “has developed an unparalleled skill in explaining and defending controversial monetary policy measures to Congress and to the public. The most important ways in which U.S. monetary policy has fallen short in the last few years are because of the limits Congress has implicitly and explicitly placed on the Fed.” [View news story]
Bernanke has perjured himself in front of congress and deserves to be in jail along with Jon Corzine and the rest of the progressives who have perverted our once "Free Market System"! You have a deliberate shift going on from those who have worked and played by the rules all their lives and saved the sweat of their labor to the criminals who brought the system to its knees and cried for a bailout to save "the so called system" they perverted!
If you are retired, or just someone who tries to save for a rainy day, Bernanke and his policies are "NUDGING" you to take on risk when you should be shunning it! The young are being saddled with a financial burden they can NEVER overcome! This is slavery by the progressives who want to be Kings and Queens of America! The perversion of our way of life is in full swing and Bernanke and Yellen and the rest of the "Elite" know better than you, don't you know you are just to stupid to think and do for yourselves!
Look at your children's school programs, revisionist history on steroids, a generation or two at the most and you will never get back the freedoms the founding fathers fought and died for. To much blood and sacrifice have been waged to blindly give away that which no progressive government could TAKE FROM YOU! You are witnessing the birth of SLAVERY 21st century style!
May the good lord watch over this fragile little experiment in freedom / man's self rule we once called America
InSite Vision: Positive Phase III Trial Results For BromSite Reduces Much Of Downside Risk In The Stock [View article]
Don't be a fool! ISV has been around for a long time and has at one point years ago traded at $7 / $10 a share before massive reverse splits destroyed this thing! If anything this company had to offer, it would have played out years ago! Stay away from anything in the pink sheets!
Another prominent bear throws in the towel, with Morgan Stanley's Adam Parker upping his year-end S&P estimate to 1600 from 1434 previously. "The debate isn't whether consensus (earnings) estimates are too high ... the debate is, will anyone care." Previous: Richard Russell wants in, and Greenspan calls stocks significantly undervalued. [View news story]
Excuse me David, I was talking about recent times. I do not remember any day in 2008 when the market was halted for even the 1/2 hour "time out", now if you are talking about something else... I am talking about the quarterly(reset to reflect the closing value of the index at the end of each quarter) reset circuit breakers that will actually shut the market down if it drops more than 20 % after 2 P.M. so I just want to make sure we are talking about the same thing sir. We will see massive market moves when Bernanke and his minions are finally exposed for the frauds they are! The low's of March 2009 will be retested at some point. Massive caution advised...
Behind the rise in rates and the slide in stocks is the FT reporting Bernanke is likely to signal the Fed is close to tapering at his post-FOMC meeting press conference on Wednesday. Bernanke has a dual communication issue: To signal economic improvement is leading the Fed to taper, while at the same time reassuring markets the Fed remains and will remain extraordinarily accommodative. The Dow (DIA +0.3%) is up just 50 points now. [View news story]
I can hear the likes of Bob Doll, Rich Peterson, Tom Lee and the rest of the charlatans saying this is nothing to fear, just a blip, a correction!
Really?
There is no economy as we all once knew it. Our free market system has been destroyed by the hubris of Bernanke and all the central bankers and their illegitimate offspring at the I.M.F.and the World Bank!
This is not a secular bull market as Ralph Acampora was fawning over on bubble T.V. on Friday!
We are still mired in the Secular Bear that started in 2000 under Greenspan!
This whole move off the 2009 low's has been bought and paid for by the children and their children.
Damn our profligacy!
Now we are going to give amnesty to 10 million ILLEGAL immigrants?
They will finally collapse the system ala Cloward & Piven,
please America, wake up before it is finally just to late to change the outcome.
Wendsday is make or break in D.C. show up, call in and make your voice heard!
UBS thinks it may be 1994 all over again. Some similarities: The Fed's actions to reflate the economy post-2008 resemble the easy money policies that were put in place post-S&L crisis; current "lackluster" economic growth mirrors "mini-cycles"of '90-'93; 290 bps plunge in Treasury yields from '07-'12 reminiscent of 400 bps decline from '90-'94; downtrend in CPI over the past five years resembles drop from early '90s to '94. UBS' advice: Avoid "popular convergence trades" such as EM credit (EMB, EMLC), EU periphery sovereign debt (ITLT, ITLY), U.S. MBS (MBB,VMBS), and high yield (HYG, JNK). [View news story]
There was the illusion of a somewhat "Free Market System" and capitalism was still embraced!
The world is mired in a profligate, big government knows better than anyone / everyone and a Federal Reserve that has LOST all respect and credibility!
There is no free market system left today.
Capitalism has been replaced by the progressive chant of social justice for all.
Equal justice and Individual rights have been perverted beyond anything remotely recognizable!
And lastly, the rule of law has been replaced by an attempt to rewrite said laws with the Law's of Man, which throughout history has been witness to unspeakable horror!
May the good Lord watch over this fragile little experiment in freedom / man's self rule we call America
God save the Republic!
Markets get another boost as a soothing Jon Hilsenrath piece hits reminding the Fed wants us to know a taper of asset purchases doesn't mean an end to asset purchases, and a hike in short-term interest rates isn't anywhere close to being on the radar at this point. S&P 500 (SPY +1.6%), Nasdaq 100 (QQQ +1.4%). [View news story]
And this is going to continue until the Japanese bug finally hits the windshield!
Then Bernanke can blame his Japanese counterparts!
As for Hilsenrath,
if your not part of the solution,
you are the problem.
This is disgusting!
In what must be the most expected firing of the year, Booz Allen Hamilton (BAH) has sacked Edward Snowden, the junior employee who leaked NSA documents that highlighted the extent of the agency's electronic surveillance activities. Shares haven't been too badly hit by the revelations, dropping just 2.6% yesterday and 0.9% so far today. (PR) [View news story]
It was something our elected officials could never understand.
You sir are a patriot and you deserve the countries praise not scorn.
If this was done during dubya's reign,
you would receive a ticker tape parade with all the trappings and adulation that goes with it!
Thankx again Ed!
CNBC's Jim Cramer isn't worried so much about Fed tapering anymore. He's watching the 10-year bond. "When the ten-year goes down," Cramer says, "people step in and start buying." Stocks like Whirlpool (WHR), Toll Bros (TOL) banks that are levered to mortgages. If we can get 10-year rates to around 2.01% there, he thinks we could have a big rally. (Video). [View news story]
A big rally?
As if this fed induced rally hasn't been big enough?
God help us!
The Television Consumer Freedom Act backlash: 1) The bill introduced by Sen. John McCain is getting lots of attention from the cable industry, uniting big cable giants such as Comcast (CMCSA) and Time Warner Cable (TWC) with smaller regional cable companies. 2) Beyond just attempting to force a la carte cable pricing, the legislation also seeks to bar broadcasters from converting to cable networks to avoid tech upstarts like Aereo. 3) The icing on the cake might be what McCain wants to do with sports. The bill calls for banning sports blackouts (bad for DirecTV's (DTV) Sunday Ticket?) and would create havoc with new "super" conferences that are banking on big cable revenue for bundled access (bad for Time Warner (TWX) and New Corp (NWS)?) [View news story]
The world is buckling at the seams under this progressive nightmare which you are part of, and this dribble is what has your attention?
Thank you for your service to "OUR" country and I respect you for it.
But your RINO and worse yet progressive tendencies get the better of you and the country suffers for it!
Benghazi and the cover up should be the only thing the congress should be spending time on John!
This makes Watergate look like a joke!
This could take down Obama and forever soil Hillary Clinton to the point of being a true pariah!
But your work on cable cupcakes is so important John, you keep up with that....
Lord have mercy.
FOMC Announcement: The FOMC is prepared to increase or decrease the pace of its asset purchases (currently $85B/month) depending on what happens on the economic front, particularly the jobs picture. The Committee continues to expect a "highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends." [View news story]
Could it really hurt to say we are going to "try" and do nothing.
Is it even possible they ask what if?
Lord have mercy!
California may face its biggest regional power shortages since the days of Enron this summer, as the state grid will be operating without Edison's (EIX) San Onofre nuclear power plant and two natural gas-fired units, while hydroelectric output will be at a three-year low. Even bigger shortages may await in the next decade as state environmental regulations force more plants to shut down. [View news story]
Its to bad for the regular hard working folks, the time is nigh for some real change.
The endgame is at hand and the corruption that has been festering under the progressive nightmare(wait till parents of school age children wake up to "Common Core") and its evil being rammed down the peoples throats!
If the power fiasco and Common Core don't wake 'em up, the country has been transformed!
FOR THE WORST!
God save the Republic,
while it still stands!
Remember the supposed pickup in the M&A cycle, asks PAA Research, noting continued damage in the boutique investment bank sector which mostly rolled over several weeks ago. EVR -5%, GHL -2.8%, SF -3.2%, OPY -1.6%, PJC -1.7%. [View news story]
Come on all ready, this is action seen a tops.
Pure and simple folks!
If you have been so blessed as to have made back some % -age of your savings, then please,
be smart, be first!
Get out now, at or near the top!
This level of intrusion (clearly admitted to time and time again by fed head Bernanke / Yellen), and this is NOT your "free market system" you grew up with.
No sir!
This perversion is rotten and at some point real soon, everybody is going to look at each other and go,
"What the hell am I still doing in this mess, get me out,
OF EVERYTHING!",
you don't want to be caught up in the melee!
Let the barracudas eat each other in the end,
raise a cheer,
from the safety of the side lines with piles of cash to deploy at the right time...
You know,
"When there's blood in the streets",......
Louis Freeh, the bankruptcy trustee for MF Global's (MFGLQ.PK) parent company, has blasted Jon Corzine and other senior executives for the "negligent conduct" that led to the firm's collapse. In a report, Freeh also criticized the men for their "risky business strategy" and for "the company's inadequate systems." However, Freeh didn't use the word criminal, nor did he focus on the disappearance of customer money. [View news story]
What's wrong with you?
How do you try and make a valid point and not even have the slightest power of your conviction to call Corzine a criminal?
This is the problem,
here in a nutshell!
CORZINE IS A CRIMINAL and has so far escaped prosecution because of deliberate "I got your back, man" mentality as on display here!
Criminal!
Pure and simple!
Go to jail,
do not pass go,
go DIRECTLY ....
Gasoline prices this Easter weekend are at their lowest level in recent years, according to AAA; on average, a gallon of gasoline set back U.S. drivers $3.64 Friday, vs. $3.93 last Easter and $3.86 in 2011. Meanwhile, the Obama administration announced new rules Friday meant to reduce sulfur in gasoline and tighten emissions standards for cars and trucks, which could push up prices by as much as $0.09/gallon. [View news story]
MAN!
Talk about an "Overton Window", I guess with that logic Unemployment is also the lowest in years!
This is total misdirection by the progressive state / media!
Want to be forward thinking?
Look into "C Score" your children and the future of OUR capitalist way of life depend on it!
And before someone chastises me on how this is an investing blog, all this is related.
How can you invest today with the fed and the state controlling everything?
Looks like Canada liked the "Bail In" theory so much they are incorporating it also!
Tomorrow is Easter Sunday, the Lord has risen, may the Holy spirit visit all those and strengthen that which binds us all together!
Be good to each other when it is hardest,
do onto others as you would have done onto you,
then we can start to heal and with God's mercy,
CHANGE!
This Sunday's TV clash of popular series finales - AMC's (AMCX) The Walking Dead vs. HBO's (TWX) Game of Thrones - could see both networks walk away a winner. Nielsen has adjusted its ratings to include a three-day viewing period which has major implications for how advertising rates are set. What to watch: Amid the walking zombies and white walkers in-show product placements will also help to boost revenue for the networks. [View news story]
Watch the Bible on the history channel, then Tape the Walking dead and watch it later!
Miles Kimball makes the case for a third term for Ben Bernanke: He “has developed an unparalleled skill in explaining and defending controversial monetary policy measures to Congress and to the public. The most important ways in which U.S. monetary policy has fallen short in the last few years are because of the limits Congress has implicitly and explicitly placed on the Fed.” [View news story]
You have a deliberate shift going on from those who have worked and played by the rules all their lives and saved the sweat of their labor to the criminals who brought the system to its knees and cried for a bailout to save "the so called system" they perverted!
If you are retired, or just someone who tries to save for a rainy day, Bernanke and his policies are "NUDGING" you to take on risk when you should be shunning it!
The young are being saddled with a financial burden they can NEVER overcome!
This is slavery by the progressives who want to be Kings and Queens of America!
The perversion of our way of life is in full swing and Bernanke and Yellen and the rest of the "Elite" know better than you, don't you know you are just to stupid to think and do for yourselves!
Look at your children's school programs, revisionist history on steroids, a generation or two at the most and you will never get back the freedoms the founding fathers fought and died for.
To much blood and sacrifice have been waged to blindly give away that which no progressive government could TAKE FROM YOU!
You are witnessing the birth of SLAVERY 21st century style!
May the good lord watch over this fragile little experiment in freedom / man's self rule we once called America
God Bless The Virtuous
InSite Vision: Positive Phase III Trial Results For BromSite Reduces Much Of Downside Risk In The Stock [View article]
ISV has been around for a long time and has at one point years ago traded at $7 / $10 a share before massive reverse splits destroyed this thing!
If anything this company had to offer, it would have played out years ago!
Stay away from anything in the pink sheets!
Another prominent bear throws in the towel, with Morgan Stanley's Adam Parker upping his year-end S&P estimate to 1600 from 1434 previously. "The debate isn't whether consensus (earnings) estimates are too high ... the debate is, will anyone care." Previous: Richard Russell wants in, and Greenspan calls stocks significantly undervalued. [View news story]
I do not remember any day in 2008 when the market was halted for even the 1/2 hour "time out", now if you are talking about something else...
I am talking about the quarterly(reset to reflect the closing value of the index at the end of each quarter) reset circuit breakers that will actually shut the market down if it drops more than 20 % after 2 P.M. so I just want to make sure we are talking about the same thing sir.
We will see massive market moves when Bernanke and his minions are finally exposed for the frauds they are!
The low's of March 2009 will be retested at some point.
Massive caution advised...