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Art Trader

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  • Financials (XLF +0.9%) provide early market leadership, after Bank of America (BAC +1.9%) CEO Brian Moynihan says the company isn't interested in any more acquisitions and that it can generate excess capital for investors. “We are changing the culture... from a company that was built upon acquisitions and consolidation. We are again a growth company."  [View news story]
    Down the elevator, baby!
    Mar 10 09:45 AM | Likes Like |Link to Comment
  • A legacy of torrid credit growth and surging property prices puts China at a 60% risk of a bank crisis by 2013, says Fitch. According to Richard Fox, a bursting real estate bubble will put "holes in bank balance sheets." The Hang Seng Finance Index brushes off concern, +1.5% last night.  [View news story]
    Perfect logic, and a perfect cover - the frothy statistics all make sense in Chinese. Sure, the numbers don't translate perfectly. No there is no massive oversupply of unoccupied, US real estate bubble mimicking, highly speculative housing for the one-child policy generation workers entering the workforce and hoping to marry (but as they say - no house, no wife). Housing always goes up in China (Yeah, when you could have 8 children). Maybe this won't all come tumbling down next week. But this, paired with the massive increase in the Chinese money supply makes a very good case for sending students abroad for undergrad or even high school ASAP. Put those RMB to work before the other assets crash plus more job opportunities in the states. Chinese international students in the US - up 30% last academic year. Coincidence? I think not.
    Mar 10 09:24 AM | Likes Like |Link to Comment
  • Financials (XLF +0.9%) provide early market leadership, after Bank of America (BAC +1.9%) CEO Brian Moynihan says the company isn't interested in any more acquisitions and that it can generate excess capital for investors. “We are changing the culture... from a company that was built upon acquisitions and consolidation. We are again a growth company."  [View news story]
    Plumes Of Black Smoke Rising From Area Around As Sider Oil Terminal

    www.zerohedge.com/arti...

    Oil up, equities down. Booyah!
    Mar 9 08:34 AM | Likes Like |Link to Comment
  • Financials (XLF +0.9%) provide early market leadership, after Bank of America (BAC +1.9%) CEO Brian Moynihan says the company isn't interested in any more acquisitions and that it can generate excess capital for investors. “We are changing the culture... from a company that was built upon acquisitions and consolidation. We are again a growth company."  [View news story]
    Gladly. Reinstituting my shorts. And I like short shorts. Paid off on Monday (and sold off all at the pivot). Bought again Tuesday afternoon. I know I'm a sucker for holding over night. But if everyone is going to BTFD, I'm just going to wait to short the tip (daily dead cat bounce). Hopefully up the escalator, down the elevator will pay off. Usually does.
    Mar 8 09:32 PM | 1 Like Like |Link to Comment
  • Feb. Nonfarm Payrolls: +192K vs. consensus +185K, +63K prior (revised). Unemployment 8.9% vs 9.1% expected, 9% prior. Avg. hourly earnings +$0.01. to $22.87.  [View news story]
    Have you considered the possibility that your situation is merely anecdotal evidence? Was business so lucrative for the person who sold out to you? Seems the bird in hand was better than future earnings to him! Don't be so sure of yourself and the information provided by your personal experiences.
    Mar 4 09:06 AM | 6 Likes Like |Link to Comment
  • Feb. Nonfarm Payrolls: +192K vs. consensus +185K, +63K prior (revised). Unemployment 8.9% vs 9.1% expected, 9% prior. Avg. hourly earnings +$0.01. to $22.87.  [View news story]
    Expectations were 196,000 - why didn't that make the headlines? Or Goldman's 200,000 target?
    Mar 4 08:41 AM | 6 Likes Like |Link to Comment
  • Economist Bernard Baumohl articulates the uncertainty created by today's payroll surprise: "It doesn't seem to flow with some of the other very favorable numbers we've seen... Seems like 99% of other indicators have all showed strength. This number is an outlier and we need to figure out why."  [View news story]
    Please articulate how one comes up with 99% of indicators showing strength vs this being 1%. Please show us the other 99 indicators. Also, shouldn't payrolls be weighted a little more than 1%?
    Dec 3 09:00 AM | 4 Likes Like |Link to Comment
  • U.S. Jobs Report Likely to Be Robust [View article]
    FAIL.
    Dec 3 08:53 AM | 4 Likes Like |Link to Comment
  • I Think Today‚Äôs Rally After The Past Two Days Make One Thing Clear [View instapost]
    Hey Josh, if you like Livermore, get a 1930 edition of Reminiscences of a Stock Operator in a no reserve auction. Check it out:

    cgi.ebay.com/Reminisce...
    Nov 10 02:43 PM | Likes Like |Link to Comment
  • What Would Jesse Livermore Do Now ? [View instapost]
    If you like Livermore, now is the time to get a 1930 edition of Reminiscences of a Stock Operator in a no reserve auction. Check it out:

    cgi.ebay.com/Reminisce...
    Nov 10 02:40 PM | Likes Like |Link to Comment
  • Lessons from Jesse Livermore [View instapost]
    I'm selling my copy of Reminiscences of a Stock Operator - 1930 edition. Check it out -
    cgi.ebay.com/Reminisce...
    Nov 10 02:36 PM | Likes Like |Link to Comment
  • Timeless Investment Classics, Part V: Reminiscences of a Stock Operator [View article]
    A rare 1930 copy of LeFevre's "Reminiscences of a Stock Operator" is up for auction with no reserve over at ebay. These usually go for over $1000. Keeping my eye on this one!

    cgi.ebay.com/Reminisce...
    Nov 8 02:34 PM | Likes Like |Link to Comment
  • Now that we know there's $600B in easing coming, Goldman Sachs reiterates its $1,650 12-month price target for gold "as U.S. monetary policy remains accommodative and U.S. real interest rates remain low." Futures up a healthy 0.9% today, to just over $1,395. (previously)  [View news story]
    Strange how GS reiterates target prices, regardless of the difference between their expected level of QE vs actual, isn't it?
    Nov 5 11:24 AM | 2 Likes Like |Link to Comment
  • Market preview: Stock futures erase early losses after the strong jobs report; S&P benchmark +0.1%. Asian markets surged overnight, and European bourses are up slightly. The dollar is mostly higher so far, crude oil is up, and gold is down. Later today: pending home sales, consumer credit.  [View news story]
    You beat me to it!
    Nov 5 09:25 AM | 1 Like Like |Link to Comment
  • Market preview: Stock futures erase early losses after the strong jobs report; S&P benchmark +0.1%. Asian markets surged overnight, and European bourses are up slightly. The dollar is mostly higher so far, crude oil is up, and gold is down. Later today: pending home sales, consumer credit.  [View news story]
    From ZeroHedge:

    People Who "Want A Job Now" Jumps To Second Highest Ever As Persons Not In Labor Force Reaches Record

    www.zerohedge.com/arti...
    Nov 5 09:24 AM | 1 Like Like |Link to Comment
COMMENTS STATS
120 Comments
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