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  • Rising Treasury Yields: Another Reason to Be Cautious on Stocks  [View article]
    The focus on treasury yields is misguided....the corporate bond spread (BAA-10 year) has compressed since the start of QE2 ( Nov.. 3rd)
    from 316 to 253...what will really kill the stock market is when
    corporate bond yields get too high...right now the treasury sell off which
    has added about 100 bps to the 10year has been met by only a 40
    bps rise in Baa yields...
    Feb 10, 2011. 04:39 AM | 2 Likes Like |Link to Comment
  • The S&P 500 has climbed 95.8% from its March 2009 low, and if the S&P can make it past the 100% mark, history is on the side of investors expecting more to come. Of the six bull markets since 1942 that saw the S&P rise at least 100%, the average gain from the bear market low to the next market peak was 244%.   [View news story]
    The 244% ain't going to happen...we can go stock crazy like the 1990's only once a generation...
    Feb 9, 2011. 04:27 PM | 2 Likes Like |Link to Comment
  • The banking industry may have to spend $60B to buy back troubled mortgages, according to a report from Standard & Poor’s, but with “no direct impact” on the industry’s credit ratings because most banks have plenty of cash to cover the expenses. Bank of America (BAC) and JPMorgan Chase (JPM) “have the highest exposure” of the six largest banks that face the brunt of the liability.   [View news story]
    I love these reports...operative word is "may"...i would love if they would publish scenarios as opposed to publishing worst case.....
    Stock market "may" go up 20% or it "may" go down 20%.....
    Feb 9, 2011. 03:36 PM | 2 Likes Like |Link to Comment
  • Those hoping for a slowdown or reversal in food inflation won't find support from Syngenta's (SYT +4.4%) latest report. The crop protection and seed company lifts its outlook, seeing nothing to stop growing demand for grain as the world increases meat consumption.   [View news story]
    I knew it QE2 is creating more meat eaters...
    Feb 9, 2011. 01:31 PM | 1 Like Like |Link to Comment
  • The Treasury sells $24B in 10-year notes at 3.665% (.pdf). Bid-to-cover ratio of 3.23, vs. a recent 2.87; indirect bidders take 71.3%, vs. a recent 44.4%. Direct bidders take 0.5%, vs. a recent 16.6%.   [View news story]
    How does it look terrible???
    Feb 9, 2011. 01:22 PM | Likes Like |Link to Comment
  • The Treasury sells $24B in 10-year notes at 3.665% (.pdf). Bid-to-cover ratio of 3.23, vs. a recent 2.87; indirect bidders take 71.3%, vs. a recent 44.4%. Direct bidders take 0.5%, vs. a recent 16.6%.   [View news story]
    Indirect bidders....71.3% ...interesting...
    Feb 9, 2011. 01:18 PM | Likes Like |Link to Comment
  • The White House may not wait for Congress to act on Fannie (FNMA.OB) and Freddie (FMCC.OB), including a call from Treasury to raise guarantee fees for mortgage securities - a move that could jump-start the private sector, or at least see whether it could replace Frannie, which now owns or guarantees 95% of new mortgages. (previously)   [View news story]
    Yields going up....
    Feb 9, 2011. 12:56 PM | Likes Like |Link to Comment
  • Doug Kass says Paul Tudor Jones has called a top in the S&P 500 (now -0.6% to 1,317), and for a rally in bonds. Updated 12:40 p.m.: Denied.   [View news story]
    I'm thinking higher interest rates but who knows...
    Feb 9, 2011. 12:25 PM | 1 Like Like |Link to Comment
  • Doug Kass says Paul Tudor Jones has called a top in the S&P 500 (now -0.6% to 1,317), and for a rally in bonds. Updated 12:40 p.m.: Denied.   [View news story]
    we get at least 3 to 4 a year in bull markets....so yes long overdue....need a catalyst....
    Feb 9, 2011. 12:16 PM | 1 Like Like |Link to Comment
  • Doug Kass says Paul Tudor Jones has called a top in the S&P 500 (now -0.6% to 1,317), and for a rally in bonds. Updated 12:40 p.m.: Denied.   [View news story]
    3% to 5% correction???? haven't had one since August
    Feb 9, 2011. 12:07 PM | 1 Like Like |Link to Comment
  • If congressional hearings can be seen as a lagging indicator, investors may be right to be worried about the muni bond market: A House panel is holding a hearing this morning titled "State and Municipal Debt: The Coming Crisis?"   [View news story]
    Isn't it the other way around???...when Congress starts looking at it....
    the problem is already priced into the market...
    Feb 9, 2011. 08:51 AM | 1 Like Like |Link to Comment
  • Inflation Expectations: The U.S. Dollar and 10-Year Government Bond Yield  [View article]
    JJG is up 57% over the last year but it is still 24% below its high of
    July 2008....
    Feb 9, 2011. 08:38 AM | Likes Like |Link to Comment
  • Who Really Determines Market Valuation?  [View article]
    "He is CIO for a group managing $300 billion".....Dang...can't be too
    nimble with that amount of money
    Feb 9, 2011. 08:32 AM | 1 Like Like |Link to Comment
  • Are U.S. Banking Institutions Really Out of Danger?  [View article]
    "the top 10 U.S.-owned banks had $13.8 billion in "unrealized losses" that have lasted at least a year in their investment portfolios as of Sept. 30, according to a Wall Street Journal analysis. "


    What about the unrealized gains in the portfolio??? or would that
    counter your point???
    Feb 9, 2011. 07:10 AM | 2 Likes Like |Link to Comment
  • The Fed Is Not Monetizing U.S. Government Debt  [View article]
    Amen......corporate bond spreads (Baa minus 10 yr) have compressed since QE2 started from 316 to 253.....
    Feb 9, 2011. 04:48 AM | 2 Likes Like |Link to Comment
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