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  • Mike Shedlock has a hard time seeing why markets went giddy over today's Q3 GDP data: "The government sloshed trillions around and yet disposable income is down, jobs are horrendously weak, and the only reason GDP rose is wasteful government spending, cash-for-clunkers and extremely unaffordable housing tax credits whose effect is soon going to start diminishing."  [View news story]
    'but the companies actually made more money than consensus '

    so what...more money than consensus..what does that mean...if the consensus was a 1 and they 1.05.......but were down 50% in revenuews/ that GOOD....NOT.....learn some economics man..the green numbers on this board show consensus...I want them to change it to revenues...
    Oct 29 09:24 PM | 3 Likes Like |Link to Comment
  • California sells $3.46B of muni bonds to strong individual demand, after raising prices and cutting yields as much as 15 basis points. "Retail investors have voted with their cash," says a state treasurer's spokesman.  [View news story]
    again I am dumbfounded...who would buy this stuff....
    Oct 29 02:34 PM | Likes Like |Link to Comment
  • Fed buys back $1.936B in Treasurys maturing from 2013 to 2016 out of the $10.987B offered by dealers - the last repurchase of a program it had begun in March.  [View news story]
    Its not over....they will somehow keep it going
    Oct 29 11:34 AM | Likes Like |Link to Comment
  • More from Geithner - no more AIGs: "Any firm that puts itself in a position where it cannot survive without special assistance from the government must face the consequences of failure. The proposed resolution authority would not authorize the government to provide open-bank assistance to any failing firm."  [View news story]
    Let them fail..just let them fail...why can't a government official see that...they will game you to death...or my death..we can't keep playing the bankers games...if they are going to change the regulations..then they must be able to seize all the bankers and their family's assets...lose everything..period...that will stop the, houses, planes, boats, stocks, jewerly, art collections, everything....
    Oct 29 10:36 AM | Likes Like |Link to Comment
  • 30-year mortgage rates inch up 0.03 points to 5.03% in Freddie Mac's weekly survey. Firm says refinancings are accounting for 70% of all new applications, with rates at all-time lows.  [View news story]
    the Feds are supposed to quit buying today...the interest rates should go up 2-3% today......if there is no buyer of the mortgages anymore..should not the rates go up to entice firms to buy them..or will there be no buyers so the mortgage market dries up...
    Oct 29 10:26 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: 530K vs. 525K consensus and 531K prior. Continuing claims -148K to 5,797,000.  [View news story]
    this is interesting...still over 500, you buy the headlines....or do you buy the actual....
    Oct 29 08:44 AM | 1 Like Like |Link to Comment
  • Advance Q3 GDP: +3.5% vs. +3.2% consensus and prior -0.7% - the best growth in two years. GDP price index +0.8% vs. +1.3% consensus and prior flat.  [View news story]
    this smells to me..but watch the politicians jump all over if they believe it..why spend any more stimulus money....and interest rates should jump bigtime..I am skeptical...
    Oct 29 08:42 AM | 3 Likes Like |Link to Comment
  • Newmont Mining (NEM): Q3 EPS of $0.79 beats by $0.24. Revenue of $2.05B (+49.5%) vs. $1.72B. (PR)  [View news story]
    This is quite a large jump in revenue...from production or acquisitions
    Oct 29 06:44 AM | 1 Like Like |Link to Comment
  • Ryland Group (RYL): Q3 EPS of -$1.20 misses by $0.31. Revenue of $328M (-40%) vs. $352M. Shares +0.2% AH. (PR)  [View news story]
    it will be green....housing is back don't ya know...
    Oct 28 06:35 PM | Likes Like |Link to Comment
  • Senators reportedly reach a compromise to extend the first-time homebuyer tax credit through the end of April - and beyond those buying their first house.  [View news story]
    Lets see the governemnt is helping you with your car buying, your applaince buying, and your house buying, health insurance is next....I really don't know why I work anymore...
    Oct 28 06:33 PM | 4 Likes Like |Link to Comment
  • More indication that extending unemployment benefits and the first-time homebuyer credit are coming, and as a package deal - as Senate Majority Leader Harry Reid says the combined proposal has wide support among senators.  [View news story]
    when will it end...the new growth industry is unemployment...I am amazed we are still allowed to roll along this way....this stinks to high heaven and everyone knows it...everyone..yet know one is trying to stop it....spend spend spend....its either default...or inflation....neither a great choice...
    Oct 28 12:56 PM | 2 Likes Like |Link to Comment
  • Sept. Metropolitan Area Employment: Unemployment worsened in 371 of the 372 metro areas tracked by the Dept. of Labor, with 13 areas now above 15%.  [View news story]
    wow.....all I can say is how can durable goods go home sales down even with the $8,000...lots of very strange statistics out there...
    Oct 28 10:21 AM | 1 Like Like |Link to Comment
  • Sept. New Home Sales: -3.6% to 402K vs. consensus of 440K and 429K in Aug. Months' supply 7.5 vs. 7.3 in Aug. Median price $204,800.  [View news story]
    Sales down with the $8,000 bailout..wait until that is phased out..or will it ever...knowing our politicians ....they will raise it to $20,000...
    Oct 28 10:09 AM | 1 Like Like |Link to Comment
  • Ford (F) remains the only U.S. carmaker to attain top-10 status in Consumer Reports' much-anticipated yearly reliability survey, coming in at No. 10. Scion took top spot, followed by Honda (HMC), Toyota (TM) and Infiniti (NSANY). Least reliable brands: Chrysler, Cadillac, Dodge and Jeep.  [View news story]
    yes the unions want Ford to fail and get the government they can own it..I bet its done within the year...a government takeover...
    Oct 27 11:34 PM | Likes Like |Link to Comment
  • GMAC Financial Services is reportedly in talks with the Treasury Department for its third lifeline: between $2.8B and $5.6B in fresh capital, on top of the $12.5B the lender has received since December, coming via preferred stock.  [View news story]
    Yes ...GM will be the new Amtrak....billions of annual funds required...its the jobs stupid..this country is do you compete with it..can Honda..or Ford...
    Oct 27 11:31 PM | Likes Like |Link to Comment