Technology Loses Share, Financials And Healthcare Gain [View article]
i find it strange the more information people have the easier it is to lead them. i find all this information makes me more "easily propagandized to" not less. yet sometimes it's like "there's the truth...literally right in front of me...all i have to do is step back a bit to see it" instead of being so focused on the "heat of the moment."
More P-E insiders cash in as Oaktree Capital (OAK) prices an upsized secondary (to 7M units from 6M) at $53.50 per share. The greenshoe option is for 15%, 1.05M shares. The company is using the proceeds to take out selling insiders. Two weeks ago, Apollo Global (APO) strategic investors and managing partners offered up 21.1M shares, and its CEO Leon Black has let it be known - now is the time to harvest. OAK -0.3% to $54.25 AH. [View news story]
Sign of a market top for pro's as I recall. I'll always remember that Mark Haines call on CNBC just prior to 2008 when Blackstone went public. Great leading indicator if you were listening...and knew what to look for.
Consumer Loan Delinquencies Hit A New Low [View article]
hmmmm. "delinquency." hmmmm. this sounds like a word that can have many meanings. "if the word is strange can the numbers be even stranger?" tis easy to get all wound up in math. English on the other hand...they have law. they choose their words carefully. this is done for a reason. a loan is from a borrower that is not being repaid is "delinquent" is one that should be paid off..."but it is late." but from the point of view of the Banker this is something that is "on the books"...meaning "there is a question of accounting for it." hmmmm. i'm not a big fan of these things if taken "from a bullish perspective." i prefer solid economic growth and not someone's view of how their "delayed payments" are to be accounted for. not saying the banks or financials in general aren't a buy of course...
"there gold is now your gold." i understand now.can you afford a ton of it though? just curious. the article also talks about the Fed selling down its asset purchases...but in fact the Fed will have to STOP the asset purchases first...THEN "put them back." (about the only way that can be done is for the Federal Government to start running massive surpluses...they would then use the money "made" to buy back the debt on the Fed's balance sheet. Of course you would need VERY powerful Banks and Bankers to create this sort of environment. something the USA has in abundance right now i would argue...although they do seem pretty small given the task at hand. it'll be a while before they're all back to normal of course.) what else? oh, yes. "gold."
the banks will have to buy the excess reserves. it's as simple as that. they will have to be "put back" (a "put option"...with "the call option" being "the one to the Government saying HELP") that means the Fed will have to not only stop asset purchases in order to "push" the economy forward (yield steepeners) but also "they'll have to put liabilities back on the banks balance sheet" (yield flatteners) thus restoring balance to the force that PERmeates our Galaxy...that FLOWS through us like an elixir of....
2 Misunderstandings About Japanese Trade [View article]
only? that's a huge deal. talk of war breaking out over there as well. North Korea has test fired a few missiles....etc, etc. this is a huge crisis...they have their A team in place. nothing guarantees success. obviously you don't want to be the person to put a shame on your family or country in their time of need...when i lived in Taiwan they went out of their way to be nice to me for fear that some time later in life they might need something from "people like me"--sounds rather quaint of course. but clearly..."this is Japan's time of need."
Energy Inventories Higher Than Expected [View article]
I had one 25 cent bet with Chandler over there. was the other one with you giuys? you know "the whole pop and drop thing"? not a betting man of course...just a friendly wager...
No Bubble Yet -- But The Compressor Needs To Be Shut Off [View article]
"the program will be continued." move along. also "the dollar soaring, the deficit is plunging, we're firing/laying off school teachers" the list goes on and on and on and on. none of this is allowing markets to work...no one was "forced" into equities...the bulk of the current crowd got in when the market had already retraced well over 50%. are they committed to the rally? certainly get large volume spikes when we get sell offs which is encouraging. the Chairman has been spot on in pointing out the problem of this recovery namely "it will be internally oriented and therefore requires jobs, jobs, jobs, jobs, jobs." with Japan and Europe now out of the picture the primary export market for the USA remains China...and the USA is beyond belief fortunate for that. having said that "nothing goes up forever." well, at least most things. by all means exclaim "treasuries are doomed" Mr. CFA guy. you got a brokerage background as well?
FOMC Minutes: A "number" on the FOMC favored beginning a tapering of QE as early as June, but the committee as a whole decided more progress on the economy is needed first. A few participants expressed concern inflation is under target and say future price developments must be carefully watched. One member wanted to boost asset purchases, while one wanted tapering to begin immediately. [View news story]
they're turning into the Supreme Court now. it's the "i gotta be me" ruling.
slow down mister. "at best we're talking winding down the asset purchase program sooner than expected." i will bet another 25 cents on the Chairman dropping the "eternity" language for QE...but that's it. his primary focus is jobs...i think we're going to really start to see them if not over the summer then perhaps in time for the back to school season this fall. i still think this Administration is in deep doo-doo...Wall Street senses it already and that's why they did the Apple deal they did...but that's still a war machine that's ramping up out there beyond imagination as well so "code of retaliation" is still your watchword four years running now. needless to say "can't we all just get along" is a better approach in my view but hey...i'm just some country bumpkin here.
Now, If Only Gas Prices Could Start Dropping [View article]
obviously wall street wants higher prices so no...if your on the side of Dr. Evil here you're actually pining for higher fuel prices. obviously i'm a big fan of the energy secretary who will do all in his power to make sure we're no longer held hostage to oil prices ever again. i like this guy. obviously i have no issue with those who raise environmental concerns vis a vis natural gas fracking...though at the same time i support the idea very much...and shale drilling in general. hey...that's light sweet crude...that should sell at a PREMIUM. and who knows...maybe even Detroit will one day get America past its addiction to oil and stop causing one train financial train wreck after another. that would be nice too.
Gasoline Volume Sales, Demographics And Our Changing Culture [View article]
i think a better focus is on the hybrid and all electric vehicles themselves. these are PREMIUM products that have very loyal customers who tend to be affluent...and generally older...anyways. as these vehicles feed into the fleet overtime...and with less driving being done period...i think a return of gasoline being a "waste product" is very much in the cards here. can't ever speak for price because we export a massive amount of fuel to Mexico. having said that Tesla is the hottest car on the planet right now...in the hottest market in the world which is Cali. Ford might be ramping up production of the F150 (i have two actually...great trucks) they don't have a space program backing them up.
Technology Loses Share, Financials And Healthcare Gain [View article]
More P-E insiders cash in as Oaktree Capital (OAK) prices an upsized secondary (to 7M units from 6M) at $53.50 per share. The greenshoe option is for 15%, 1.05M shares. The company is using the proceeds to take out selling insiders. Two weeks ago, Apollo Global (APO) strategic investors and managing partners offered up 21.1M shares, and its CEO Leon Black has let it be known - now is the time to harvest. OAK -0.3% to $54.25 AH. [View news story]
Consumer Loan Delinquencies Hit A New Low [View article]
Gold Liquidation Now Accelerating [View article]
Bank Reserves: A Hot Potato [View article]
2 Misunderstandings About Japanese Trade [View article]
Energy Inventories Higher Than Expected [View article]
The Dark Ages of Bernanke's Tenure [View article]
No Bubble Yet -- But The Compressor Needs To Be Shut Off [View article]
Are Equity Investors Pushing The Gas Pedal Too Hard? [View article]
Are Equity Investors Pushing The Gas Pedal Too Hard? [View article]
FOMC Minutes: A "number" on the FOMC favored beginning a tapering of QE as early as June, but the committee as a whole decided more progress on the economy is needed first. A few participants expressed concern inflation is under target and say future price developments must be carefully watched. One member wanted to boost asset purchases, while one wanted tapering to begin immediately. [View news story]
Bullard's Chutzpah [View article]
Now, If Only Gas Prices Could Start Dropping [View article]
Gasoline Volume Sales, Demographics And Our Changing Culture [View article]