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ncbeachguy

ncbeachguy
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  • Market recap: The more Bernanke talked, the more stocks fell and Treasury yields rose. While the chairman took pains to indicate the Fed isn't changing policy, the markets clearly see less stimulus ahead, sending the Dow down 200 and pushing 10-year Treasury yields to 15-month highs. High-yielding dividend stocks led decliners, with telecoms and utilities posting respective drops of 2.7% and 2.3%. [View news story]
    it sucks dont it. good news = bad..........and bad news = worse.

    but then tomorrow is another day.
    Jun 20 03:34 AM | Likes Like |Link to Comment
  • Bernanke press conference: Should projections hold, Bernanke sees QE ending "around mid-year" 2014 and the unemployment rate being about 7% at that time. Responding to a question, he says the FOMC stands ready to quickly adjust - i.e. fire purchases back up - should it prove to have made a mistaken forecast. Stocks (SPY -0.5%) and Treasurys (TLT -1.2%) are at session lows. [View news story]
    not only takes out a few thousand businesses............but also wipes out 10s if not 100,000s of family trying to pay obamacare premiums.
    Jun 19 09:11 PM | Likes Like |Link to Comment
  • Market recap: It was quite a day for the tea-leaf readers. Stocks spiked early on release of Bernanke’s prepared testimony, then began to fade as he seemed to break with the dovish tone during his Q&A, and then turned red as the Fed meeting minutes indicated a bit of a dilemma over when to taper. Gold futures, up more than 1% early, finished negative. The dollar rallied; Treasurys fell, lifting 10-year yields to 2%. [View news story]
    if todays market action was caused just by talking points on reduction/elimination of qe.............what can we expect when the real end to qe occurs??

    katy bar the door and gird your loins...........the market is in for a rough ride.
    May 23 02:30 AM | 1 Like Like |Link to Comment
  • Transocean: Get In Before Earnings [View article]
    i got into rig a couple of days before the earnings announcement.

    WRONG MOVE !!!
    May 9 01:23 AM | 1 Like Like |Link to Comment
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