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mike mohr

mike mohr
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  • As Q1 earnings season kicks off, the overall tone is more bearish than usual and negative company warnings have outpaced positive revisions nearly five-to-one. Earnings growth is expected to gain by just 1.6%, compared to 6.2% last quarter. The negative warnings are also higher than usual - with 108 negative revisions for S&P 500 companies. When compared to the 23 positive revisions, it is the worst pace in 12 years. [View news story]
    Nothing matters as long as Fed pumps $85 Billion a month into the market.
    As a matter of fact bad earnings are good because bond will rally. Low Interest rate + $85 Billion POMO a month will push S&P over 1650 or higher.
    Apr 9 08:54 PM | 1 Like Like |Link to Comment
  • Bank of America (BAC) has won federal judge's approval for a $2.43B settlement with investors who said the lender hid crucial information when it bought Merrill Lynch in a $50B all-stock deal in September 2008. The settlement, which is among the largest stemming from the global financial crisis, culminated from what the judge referred to as "extraordinarily hard-fought litigation." [View news story]
    Yeap, they have the crook judge in their back pocket.
    Apr 5 08:17 PM | 3 Likes Like |Link to Comment
  • As the markets churn ever higher, the potential for a "Black Swan" type event becomes a worrisome proposition, says CNBC's John Carney. He cites three possible catalysts: The first is too much risk. It took down the market in 2008, and could do so again. Next , rising household debt and a second housing bubble. Lastly, a faltering economy. The market's rebound has been predicated on unconventional stimulus policies from the Fed and faith in an economy that is progressing on the road to recovery. But anemic Q2 growth and weakening job numbers could easily derail that thesis, and with it the entire gravy train. [View news story]
    If it wasn't for Fed $85 Billion a month S&P would still be at 900. If things are so good why do we need a 0% and $85 Billion POMO?
    Apr 3 08:57 PM | 2 Likes Like |Link to Comment
  • Market recap: Stocks recovered some of their earlier losses after Eurogroup's Jeroen Dijsselbloem backtracked on comments that the Cyprus bailout is a template for eurozone bank rescues. In Europe, shares of banks were hit hard; U.S. bank stocks held up relatively better. Meanwhile, NY Fed's Dudley said the Fed must remain very accommodative since the labor market remains "far from healthy." [View news story]
    "NY Fed's Dudley said the Fed must remain very accommodative"
    Means we will do our best to rig the market. Few small dips don't matter it will go higher.
    Mar 25 04:21 PM | 3 Likes Like |Link to Comment
  • Australia faces a "massive hit to government revenues" that "will inevitably continue to impact beyond the current year," says Treasurer Wayne Swan. The deficit increased a further A$4.6B ($4.8B) in the first four weeks of 2013 - above Swan's February estimate of A$2B - taking the total shortfall for the first seven months of the fiscal year to A$26.8B. [View news story]
    "When high school dropouts earn $100k+ as miners"
    That's nothing here in U.S. with a high school diploma you can get jobs in high tech making $100K. No experience needed.
    How about that?
    Mar 17 09:26 AM | Likes Like |Link to Comment
  • Casino stocks trade higher today with news on revenue from Macau looking good, but progress on an online poker bill in the U.S. looking even more promising.  Analysts think the race between Nevada and New Jersey to see online poker within their state borders a reality increases the odds of a federal online bill getting pushed through Congress after previous attempts faltered. Advancers: Boyd Gaming +3.3%, Las Vegas Sands +2.6%, MGM Resorts +1.6%, Wynn Resorts (WYNN) +1.1%, Pinnacle +3.2%, Caesars Entertainment (CZR) +1.6%[View news story]
    The best casino is the stock market.
    Mar 11 12:48 PM | Likes Like |Link to Comment
  • If you've been on the sidelines during the market's recent run, don't worry, there's more upside to come, says Goldman's Abbie Joseph Cohen. This rally's real, and the fundamentals are there to support it Cohen says. She pegs fair value for the S&P 500 at 1,575 — a 4% premium to yesterday's close. "There are other models, including the Fed model, that show fair value as high as 1,700 or 1,750." [View news story]
    Goldman at its best wants you in to fleece you.
    BTW, whatever happened to SEC investigating Heinz insider trade?
    Mar 2 05:21 PM | Likes Like |Link to Comment
  • Bernanke: "I don't see much evidence of an equity bubble," he says. "Earnings are high." The remark reminds of Greenspan's Congressional testimony at the market top in 2000. He told lawmakers the high stock prices of that day made perfect sense given analysts' earnings estimates. [View news story]
    Earnings are higher because $ has been trashed.
    Feb 26 12:22 PM | 1 Like Like |Link to Comment
  • JPMorgan (JPM) has about 2 dozen fewer employees in its U.S equity trading unit - some leaving after small bonuses, others cut - amid declining revenue (down 1.8% in 2012). Among those gone are 3 managing directors and 18 executive directors. [View news story]
    I hope Goldman gets there too.
    Feb 14 02:53 PM | Likes Like |Link to Comment
  • French workers continue to react poorly to getting the pinkslip from major companies (previous: Peugeot), this time setting off flares and throwing paint bombs at a Goodyear Tire & Rubber (GT -3.3%) plant in France where layoffs are looming. During Q4, Goodyear sold 15% fewer tires in Europe than a year ago and lost money. [View news story]
    GT top Goldman pick last week.
    Feb 12 10:53 AM | Likes Like |Link to Comment
  • President Obama will lay out yet another plan for trying to spark some life back into the economy when he gives his State of the Union address on Tuesday. The program includes investments in infrastructure, manufacturing, clean energy and education. But as with countless proposals in the past, any new spending plans are likely to hit strong opposition from Republicans, who would probably prefer to hear about cuts and deficit reduction. [View news story]
    Whatever the plan it benefits the banks and rich.
    Feb 10 09:06 AM | 4 Likes Like |Link to Comment
  • The average price for a gallon of regular gasoline in the U.S. jumped $0.17 in the past week to $3.52, AAA reports. Pump prices are higher partly because of rising crude prices and a decline in supply stemming from refiners switching from winter-blend fuels to summer blends. Gasoline prices took a 4% bigger bite Y/Y from U.S. households in 2012, and 2013 begins with more of the same. [View news story]
    There is no supply issue. Bernanke is devaluing $ to prop the markets causing oil prices to go up.
    Feb 4 08:21 PM | 2 Likes Like |Link to Comment
  • Even though stock indexes are climbing, don't look for a "great rotation" out of fixed income into equities anytime soon, say bond fund managers. Why? Because economic growth remains anemic and interest rates remain low as Federal Reserve continues to print money. "Fixed-income investors are not happy with their returns," says RidgeWorth Capital's Alan Gayle. But on the flipside, they're also "happy they're not losing money." [View news story]
    At least your money is safe in bonds. The Wall Street sharks will clean you out once they get a chance. Ask yourself this question: Do I trust the crooks?
    Feb 1 08:28 PM | 2 Likes Like |Link to Comment
  • The Dow is just a few ticks away from the 14,000 marker, but it may not make it there, says CNBC's John Melloy. Why? Take a look at small-cap stocks, he says. Stocks with smaller market values – as represented by the Russell 2000 (IWM) – got pounded. As smaller companies are considered to be riskier than their large-cap counterparts, they're considered to be a leading indicator of the "animal spirits" that lead a rally, Melloy says. [View news story]
    Don't worry Ben has got our back. RUT will move to $150 by Summer.
    Jan 30 09:59 PM | Likes Like |Link to Comment
  • "Central banks of the world are trying to penalize you for being in cash," says a bullish Lloyd Blankfein. "I'm more shareholder than employee," he says, responding to a question over whether he would leave GS if he were paid less. [View news story]
    When he is bullish means sell. Lloyd is bullish because he just bought a $30 mil house in Hampton.
    Jan 25 08:50 AM | Likes Like |Link to Comment