I hate it because, in my view, it serves only one purpose, and that is to distorting reality. Further, in my view only, and I emphasize the only, it is akin to an act of treason and traitorous.
There is growing evidence Bank of America (BAC), JPMorgan (JPM), Citigroup (C), and Ally Financial violated the terms of the mortgage servicing abuse settlement, according to NY AG Schneiderman. In a letter to the settlement monitor (obtained by Reuters), Schneirderman says other states "have identified similar recurring deficiencies." The AG considers the letter to have started the clock on a "waiting period" necessary before a lawsuit may be filed. [View news story]
These lawyers are on permanent payroll and they, naturally, have to find something to do in order to justify their charge numbers. BTW, their revenue is guarantee taxation by law, again an invention of unemployed lawyers.
Japan is playing with fire. As the Yen drops, so would prices to rise rapidly with their food, energy, and mineral imports. The island nation has little of those natural resources. A move of desperation.
At the open: Dow -0.41% to 15232. S&P -0.63% to 1640. Nasdaq -0.56% to 3449. Treasurys: 30-year +0.22%. 10-yr +0.08%. 5-yr +0.03%. Commodities: Crude -1.06% to $93.25. Gold -0.43% to $1385.85. Currencies: Euro +0.04% vs. dollar. Yen -0.96%. Pound +0.06%. [View news story]
@spybreaker
From a simple risk/reward perspective, cash seems to be king now.
Let say that the market would roar up another 10% by the end of 2013, which is unlikely in my view though. If one stays in cash, at ZIRP, the worst case scenario is missing another 9.5%. But ft a crash comes, easily a 30-40% drop, you could figure out the risk/reward ratio yourself, let alone going onto the 'short' rewards!
BTW, the pre-bull surge of the emerging markets that I described above is a proven indicator. It simply means that the smart money chooses to place their bets where it is on its way. Right now, it seems that the risk money is flowing back to Fortress America and in my view is a 'Risk Off' indicator. The smart guys know best, remember this!
At the open: Dow -0.41% to 15232. S&P -0.63% to 1640. Nasdaq -0.56% to 3449. Treasurys: 30-year +0.22%. 10-yr +0.08%. 5-yr +0.03%. Commodities: Crude -1.06% to $93.25. Gold -0.43% to $1385.85. Currencies: Euro +0.04% vs. dollar. Yen -0.96%. Pound +0.06%. [View news story]
The market is suspect.
If it is a continuing bull, then traditionally, the emerging markets and the developing overseas markets would rise ahead, followed by the U.S. VWO and EEM had been tepid and it looks as though it is only the U.S. that is hanging onto the cliffs by its nails.
Scary. Very frightening indeed.
But then it is no surprise, since the trend is for continuing self-hypnotize, self-mesmerize, self-congratulatory, and self-immolation!
Treasury yields continue to climb following the hawkish interpretation of Bernanke and FOMC minutes, the 10-year up 9 bps to 2.02% and within 6 bps of the YTD high of 2.08%. Yields will fluctuate at the long end, but the middle is moving as well, the 5-year up 7 bps to 0.89% - quite a spike for an instrument yielding so little. The IEI - which owns 3-7 year Treasury paper slides 0.3% to just about a 52-week low. The long-term TLT falls 1.4%. [View news story]
It seems that almost everything is coming down, Treasuries, Gov't Mortgage Bonds, GNMA, Emerging Market Equities, Overseas Equities, Gold, Silver, Gold and Silver miners, energies, commodities, mREIT's, and even MLP's...
After five days of deliberation, the Senate Judiciary Committee puts its final stamp of approval on the immigration reform bill, setting up a debate on the Senate floor for early June. Three Republicans and ten Democrats voted to support the bill, which would create a pathway to citizenship for nearly 11M undocumented immigrants, invest billions in new border security measures and overhaul the legal immigration system. [View news story]
The American people need to be apprised of the high cost of this proposal; to train, educate, medical care, and 'make a difference' with these 11 million would-be's, one estimate was as high as $6T.
Where does the money come from?
My view is that this is an act of blatant greed. The infamous Roman Emperor Caligula bestowed citizenship to millions in order to increase taxation.
Again, I heard you. But how would the wonder boy care? If and when situations that you describe do happen, the wonder boy would have long retired, cutting ribbon for his library, writing memoirs, and giving celebrity speeches at commencements and foundations, other than telling his wife to make more, amd more, and more expensive hairdos.
I heard you. But look at the market going nuts and going banana, gone wild attesting to the wonder boy is in firm control. The wonder boy rolls the dice, again, and again, and again, he wins and wins all the time.
It is like that best selling song by Simon and Garfunkel, His Time has come; he is like the mid-day sun right overhead at noon. The wonder boy is now riding the wave like the Yo-yo, the Hoopla-hoop, the Levi Jean.
The 7 Reasons Why People Hate QE [View article]
There is growing evidence Bank of America (BAC), JPMorgan (JPM), Citigroup (C), and Ally Financial violated the terms of the mortgage servicing abuse settlement, according to NY AG Schneiderman. In a letter to the settlement monitor (obtained by Reuters), Schneirderman says other states "have identified similar recurring deficiencies." The AG considers the letter to have started the clock on a "waiting period" necessary before a lawsuit may be filed. [View news story]
That Was The Crash, Dummy [View article]
We will see. The rise of the Nikkei is only fueled by the influx of overseas speculative money on the Yen's depreciation.
I hope life is that simple. The sufferers will be the Japanese people when the politicians failed in their gamble. Bring back the Shoganate now!
That Was The Crash, Dummy [View article]
Apple Getting Crushed In Most Important Battle [View article]
At the open: Dow -0.41% to 15232. S&P -0.63% to 1640. Nasdaq -0.56% to 3449.
Treasurys: 30-year +0.22%. 10-yr +0.08%. 5-yr +0.03%.
Commodities: Crude -1.06% to $93.25. Gold -0.43% to $1385.85.
Currencies: Euro +0.04% vs. dollar. Yen -0.96%. Pound +0.06%. [View news story]
From a simple risk/reward perspective, cash seems to be king now.
Let say that the market would roar up another 10% by the end of 2013, which is unlikely in my view though. If one stays in cash, at ZIRP, the worst case scenario is missing another 9.5%. But ft a crash comes, easily a 30-40% drop, you could figure out the risk/reward ratio yourself, let alone going onto the 'short' rewards!
BTW, the pre-bull surge of the emerging markets that I described above is a proven indicator. It simply means that the smart money chooses to place their bets where it is on its way. Right now, it seems that the risk money is flowing back to Fortress America and in my view is a 'Risk Off' indicator. The smart guys know best, remember this!
At the open: Dow -0.41% to 15232. S&P -0.63% to 1640. Nasdaq -0.56% to 3449.
Treasurys: 30-year +0.22%. 10-yr +0.08%. 5-yr +0.03%.
Commodities: Crude -1.06% to $93.25. Gold -0.43% to $1385.85.
Currencies: Euro +0.04% vs. dollar. Yen -0.96%. Pound +0.06%. [View news story]
If it is a continuing bull, then traditionally, the emerging markets and the developing overseas markets would rise ahead, followed by the U.S. VWO and EEM had been tepid and it looks as though it is only the U.S. that is hanging onto the cliffs by its nails.
Scary. Very frightening indeed.
But then it is no surprise, since the trend is for continuing self-hypnotize, self-mesmerize, self-congratulatory, and self-immolation!
Treasury yields continue to climb following the hawkish interpretation of Bernanke and FOMC minutes, the 10-year up 9 bps to 2.02% and within 6 bps of the YTD high of 2.08%. Yields will fluctuate at the long end, but the middle is moving as well, the 5-year up 7 bps to 0.89% - quite a spike for an instrument yielding so little. The IEI - which owns 3-7 year Treasury paper slides 0.3% to just about a 52-week low. The long-term TLT falls 1.4%. [View news story]
Oh my gosh, what is happening?
After five days of deliberation, the Senate Judiciary Committee puts its final stamp of approval on the immigration reform bill, setting up a debate on the Senate floor for early June. Three Republicans and ten Democrats voted to support the bill, which would create a pathway to citizenship for nearly 11M undocumented immigrants, invest billions in new border security measures and overhaul the legal immigration system. [View news story]
Where does the money come from?
My view is that this is an act of blatant greed. The infamous Roman Emperor Caligula bestowed citizenship to millions in order to increase taxation.
Why Inflation Never Came [View article]
"Price increases but yet no inflation" = Accelerated Plundering in Disguise
Period
Why Inflation Never Came [View article]
Again, I heard you. But how would the wonder boy care? If and when situations that you describe do happen, the wonder boy would have long retired, cutting ribbon for his library, writing memoirs, and giving celebrity speeches at commencements and foundations, other than telling his wife to make more, amd more, and more expensive hairdos.
LOL! Real Loud!
Why Inflation Never Came [View article]
I heard you. But look at the market going nuts and going banana, gone wild attesting to the wonder boy is in firm control. The wonder boy rolls the dice, again, and again, and again, he wins and wins all the time.
It is like that best selling song by Simon and Garfunkel, His Time has come; he is like the mid-day sun right overhead at noon. The wonder boy is now riding the wave like the Yo-yo, the Hoopla-hoop, the Levi Jean.
The wonder boy is unstoppable.
Why Inflation Never Came [View article]
Huh?
Why Inflation Never Came [View article]
It is a collapsing environment! The economy had basically collapsed and is in a remission.
Apple's Magic Is Broken [View article]
That's all!
A lot of Apple Fluff