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Tony Petroski

Tony Petroski
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  • How the Fed Could Fix The Economy -- And Why It Hasn't [View article]

    "But I have offered no opinion on why the bridge fell.

    But I did.
    Feb 27 04:21 PM | Likes Like |Link to Comment
  • Target (TGT -1%) still looks like a more attractive stock to own than Wal-Mart even with a warning on February sales looking downright familiar, according to retail analyst Hitha Prabhakar. The company is a sneaky housing sector pick as consumers revamp their homewares and pick up the pace of redecorating while Canada and online channels provide strong tailwinds that Wal-Mart can't match to the same extent. [View news story]
    "... even with a warning on February sales looking downright familiar, according to retail analyst Hitha Prabhakar. The company is a sneaky housing sector pick as consumers revamp their homewares and pick up the pace of redecorating while Canada and online channels provide strong tailwinds that Wal-Mart can't match..."


    And Sandra, and Andrew, and the Royal Wedding

    (not sure, was that last year or is it coming up--always in there for the retail)

    Target...
    Feb 27 04:18 PM | Likes Like |Link to Comment
  • Bernanke On Why Rates Might Rise [View article]
    "One of the more common questions I get in the Ask Cullen section is 'What if interest rates rise in the U.S.?' Of course, that would have broad ramifications on the cost of U.S. government debt, asset prices, the recovery..."

    And Professor Bernanke has answers: "The economy will get stronger because of good policies, and that in turn will cause rates to rise in a sustainable way."

    All these years, I had my doubts, but now I'm certain--Professor
    Ben is one of us...didn't you hear "sustainable..."

    "One of the paradoxes is that the best way to get interest rates up is to have low interest rates..."

    (Sorry, this one was too easy...he said?)

    Huh?

    Cullen: "What do we do if unemployment never gets under 6.5%? I mean, Obamaphones and all, but real people are hurting. What then? (silence) (crickets chirping) Professor Bernanke, did you hear that? Not that you would ever want that (groveling consistent with locals) If that should happen, do you have a plan? 'cause, I know, he trained at...(ouch)

    (cue in Academy Award audience)

    (tight shot)

    (typical Hollywood type)

    (Typical Voter from 1865): "That's a great question."

    (Hollywood bundler): "Fire the schmuck."

    (Next big-thing Hollywood lefty): "Can this 'Ben' guy tap dance?"
    ----

    (public): "Yes."
    Feb 27 03:46 PM | Likes Like |Link to Comment
  • National gasoline prices - up $0.50 just in the last month - have hit the $3.75-$4.00 zone known in the past for being "problematic" for stocks, says BTIG's Dan Greenhaus. The most worrisome part, he says, is the increase has come before the demand of spring driving season arrives. Instead of worrying, why not go with the flow and buy the refiners? [View news story]
    The copywriter has wit:

    "Instead of worrying, why not go with the flow and buy the refiners?"

    Because...that would not be green...it would be...icky...

    The copywriter makes a great point.
    Feb 27 03:38 PM | 1 Like Like |Link to Comment
  • Which Way Wednesday: Sequestration Dead Ahead [View article]
    I'm jumpin' in here to defend Mr. Davis.

    It ain't easy seein' the ups and downs of...the...market and all that...

    (See: Mr. Davis--just like guys close to the people, for example, Welstone...and Humphrey...and...Frankin drop their "g's" in politically-correct company--heck, Frankin's grandfather was named "Franking," but the family thought his political career would be better without the "g.")

    Well...and yet...

    Sorry Mr. Davis. Your guy keeps this class-warfare stuff going.

    Yet Mr. Davis was on the prowl: "I was, of course, up at 3 a.m."

    Why?

    Sell, sell...buy...buy...

    Mr. Davis. Even Senator Franken, man of the people, gets sleep.
    Feb 27 03:16 PM | 1 Like Like |Link to Comment
  • Does The Increase In The Yotai Gap Again Presage A Stock Market Sell-Off? [View article]
    "But I am getting ready... you never know."

    Ready for what?

    I know this: A guy known as "happyshorter" is always rough and ready.

    Am I wrong?
    Feb 27 03:07 PM | Likes Like |Link to Comment
  • Kabuki Theater: Analyzing Bernanke's Senate Testimony [View article]
    Good article Mr. Lokey.

    And a great summary of cheese in the makin'.

    "Once given the floor, Corker's first question was:
    I don't think there's any question that you are the biggest dove since World War 2..."


    He tries to make the point. (badly)

    Churchill may have put it:


    What are we to do if unemployment never gets to 6.5%?" Grovel before the Hun?

    Do the assembled know the answer to that one?

    (Answer:)

    They will first grovel before the Hun and then they will ask: "Where do the diversity counselors go?"
    Feb 27 02:57 PM | Likes Like |Link to Comment
  • How the Fed Could Fix The Economy -- And Why It Hasn't [View article]
    "...but I didn't dismiss the idea on the basis it is liberal.

    I dismissed it because it is worthless and if implemented, it would fail."

    OK. I can live with that. You can remain liberal and the idea can be dismissed as "worthless and if implemented, it would fail."

    But can we have the Lakers back?
    Feb 27 01:16 PM | Likes Like |Link to Comment
  • It's rare that a retailer openly tells investors that its doesn't see any upside for profit margins over the next several years, but that was the message from management at Nordstrom (JWN +1.8%) last week during the firm's earnings call (transcript). Though the bout of honesty is appreciated, Retail Geeks notes the appraisal leaves Nordstrom almost no margin for error to keep up with analyst estimates. [View news story]
    " It's a rare that a retailer openly tells investors that its doesn't see any upside for profit margins over the next several years..."

    I smell a rat.

    No "retailer" tells such tales.

    I suspect the memo about Albert, Sally, Solindra...(the last hurricane...) never got to the right desktop. In retail, have you never heard of Lady Di's funeral? You can never get too...

    ...now, come on, "over the next several years?"

    Other than Nobel laureate Albert Gore Jr., who can predict things that far out?
    Feb 27 01:07 PM | Likes Like |Link to Comment
  • Does The Increase In The Yotai Gap Again Presage A Stock Market Sell-Off? [View article]
    "And the market seems happy with this.

    This scares me a lot, should it? "

    Yes.

    But on the other hand, you're the happy shorter so,

    No.
    Feb 27 01:01 PM | Likes Like |Link to Comment
  • How the Fed Could Fix The Economy -- And Why It Hasn't [View article]
    Mr. Go Lakers,

    (they were here before they were there)

    "Ec An, I didn't dismiss the author's idea as liberal, I dismissed it as being of no value."

    Why can't it be both liberal and of no value?

    Ms. Browne pretends to be a Progessive but is just a pretender.

    The Chinese have proved you can obtain 8.2% GDP growth without pause--why don't we show the communists what-for and give them 12.00--or better.
    Feb 27 12:54 PM | Likes Like |Link to Comment
  • Markets Back To Neutral [View article]
    "Yesterday, the S&P 500 managed to gain back about a third of Monday's decline."

    Dip buyers, you have your chance.
    Feb 27 12:46 PM | Likes Like |Link to Comment
  • America's Economic Outlook: Should We Get Paid to 'Be,' Or Paid to 'Do?' [View article]
    (with hindsight)

    Are we the same Americans who rolled up....

    No we aren't, not by a longshot. Half of us want free Obamaphones to text to the other half how undertaxed the (fill in the blank) other guys are...

    ...

    this can't end well.
    Feb 27 12:43 PM | Likes Like |Link to Comment
  • How the Fed Could Fix The Economy -- And Why It Hasn't [View article]
    Mr. Kramer. Greetings.

    A bridge collapsing spells "negligence." I'm using this in the legal sense. Engineers push the envelope.

    As for this: "It probably explains it all, especially when there's a dotcom boom or a housing boom under way. But after a bridge and the economy collapse, different explanations become operative, like "we can't afford to do it," even though what we really can't afford is NOT to."

    Ha,ha. At last, I have Mr. Kramer!

    This bridge busting has nothing to do with doc-com this or housing-boom that...

    ...an over-loaded bridge, partially disassembled, fell into the river while trucks supplying the concrete were running in...

    ...the class-actions will have their day, but...

    ...this day I have Mr. Kramer, a Keynesian par ecellance

    (how often are you right at the scene?)
    Feb 27 12:32 PM | 1 Like Like |Link to Comment
  • Europe rebounds from yesterday's big losses following 57% of the Italian vote going to those threatening a return to the lira, and the EU's man - Mario Monti - was more or less shunted out of the picture. Has a single election in recent years shown voter approval for the EU status quo? Yet the ball keeps rolling. Stoxx 50 (FEZ) +1.6%, with Italy (EWI) +1.7%[View news story]
    This copywriter buries his opinions in the copy.

    (keep it up)

    "Has a single election in recent years shown voter approval for the EU status quo?"

    No.

    (sorry Mr. Copywriter, but that's the fact jack)
    Feb 27 12:19 PM | 1 Like Like |Link to Comment
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