Seeking Alpha

Bear Bait

Bear Bait
Send Message
View as an RSS Feed
View Bear Bait's Comments BY TICKER:
Latest  |  Highest rated
  • The House is expected to vote tonight on a debt limit increase, in a purely symbolic attempt to demonstrate the lack of support for borrowing money without also making major cuts in federal spending. House leaders timed the vote to demonstrate their resolve before the Republican conference visits Pres. Obama tomorrow.  [View news story]
    If my former party (Republican) is really serious about deficit reduction, how can they not even discuss reinstatement of the Bush tax cuts? At least the Democrats will discuss cuts to their signature programs medicare, medicad and Social Security. What it tells me is that the Republicans really aren't serious. I have voted Republican for almost 40 years. Unless they at least show a willingness to solve the problem by putting every possible solution on the table for discussion, they won't get my vote in2012. I would think the NY upset would be an eye opener for them. This vote is a Republican idea. I lthink it has the potential to back fire on them too.
    May 31, 2011. 11:49 AM | 2 Likes Like |Link to Comment
  • Intel (INTC) discloses details of its new laptop-tablet hybrid "ultrabook" at the Computex event in Taiwan, saying the new device will combine the power of laptops with the features of tablets. Ultrabooks should account for 40% of laptop sales to consumers next year, Intel VP Tom Kilroy predicts. INTC +1.2% premarket.  [View news story]
    My daughter had an iPad and sent it back becasue she thought it would have the capabilities of a notebook in a tablet format. It didn't. Intc may have something with this "ultrabook".
    May 31, 2011. 09:21 AM | 3 Likes Like |Link to Comment
  • Gasoline futures trade near session highs after Exxon Mobil (XOM -0.1%) reports that repairs to its Joliet refinery would take 7-10 more days. Both Exxon and Marathon Oil (MRO -1.1%) have been active buyers in the spot market over the past few days since reporting problems at their Midwest refineries.  [View news story]
    just looking for a good excuse to raise gas prices for the Memorial Day weekend nothing more.
    May 27, 2011. 03:25 PM | Likes Like |Link to Comment
  • Stock index futures give up their gains following the weak GDP print, S&P 500 now flat after being up 0.5%. Could this be a "David Tepper" moment where weak numbers make it more likely for the Fed to pump, meaning shares should be bought?  [View news story]
    Looks more like QEIII to me evryday.
    May 26, 2011. 09:17 AM | 1 Like Like |Link to Comment
  • All major global equity markets have dipped below their 50-day moving averages. As of Friday’s close, only seven of the 14 indices tracked by Global Macro Monitor were below their 50-days; now, they all are. The S&P 500, Dow, Nasdaq, all three European indices and the Korean Kospi broke through yesterday.  [View news story]
    The story was originally posted yesterday, monday 5/23. Why would the story just now be posted on SA. Are the futures coming in to hot this morning and somone wants to throw a little water on the fire. I don't believe in conspiracies; but, the timing on some of SA's posts are to me suspect. The story would have been just as relevant yesterday evening when it first hit the internet unless there were other fish to fry.
    May 24, 2011. 09:17 AM | Likes Like |Link to Comment
  • The sharp drop in fuel prices shows that the dramatic rise that began last September was driven more by Wall Street speculation, not by supply and demand influences, Oil Price Information Service's Tom Kloza says. "This was a combination of hysteria and euphoria for the speculators. You had the panic mentality of the crowd who collectively acted like blockheads."  [View news story]
    What has happened in the last few weeks in the supply and demand relationship that would justify an approximate 20% decline in the price of crude? The only thing I can imagine is the movement of speculative money out of oil and into something else. Perhaps shorting financials al 3 years ago.
    May 23, 2011. 06:32 PM | 2 Likes Like |Link to Comment
  • In its latest Maiden Lane II sale, the NY Fed sold all 29 subprime mortgage bonds on offer for $878.6M. The sale reflected the Fed's estimate of the bonds' fair current value, but investors are growing concerned that the pressure of a weekly auction is dragging down prices on some of the securities.  [View news story]
    Probably should have sold them back to AIG when AIG offered.
    May 20, 2011. 07:20 AM | Likes Like |Link to Comment
  • The warning from Sony (SNE -1.2%) CEO Howard Stringer that he can't guarantee the security of any network in the "bad new world" of cybercrime may be more prescient than he expected, as the company’s PlayStation Network reportedly has been breached again. There’s no evidence yet that the bug is being exploited by hackers.  [View news story]
    What does this say for cloud computing.... I'm going to sell my hard drive and put all my financial records in the clouds. Yeah right.
    May 18, 2011. 02:29 PM | Likes Like |Link to Comment
  • The speculation debate: Exxon Mobil (XOM) chief Rex Tillerson says based just on supply and demand, a barrel of oil should be $60-$70, "if you said: 'If I had access to the next marketable barrel, what would it cost?' " Crude continuing to slip, -1.1% to $97.10. (live video)  [View news story]
    I'm not for sure how old you are, tigersam; but, I didn't study new math either. tic.
    May 12, 2011. 12:05 PM | Likes Like |Link to Comment
  • Commodities are making sharp reversals and taking equities with them (or vice versa). Crude oil and copper are now solidly green on the day. Silver moves nearly $2 above its ghostly low near $32/oz. last night.  [View news story]
    I guess the econmoy in China is beginning to heat up since the 11:20 post by Goldman.
    May 12, 2011. 11:57 AM | 2 Likes Like |Link to Comment
  • The speculation debate: Exxon Mobil (XOM) chief Rex Tillerson says based just on supply and demand, a barrel of oil should be $60-$70, "if you said: 'If I had access to the next marketable barrel, what would it cost?' " Crude continuing to slip, -1.1% to $97.10. (live video)  [View news story]
    Adds credibility to the speculation debate.
    May 12, 2011. 11:36 AM | 3 Likes Like |Link to Comment
  • "The Chinese economy is slowing down more than people realize," says Goldman's Jim O'Neill, who believes it's no coincidence that commodity prices are turning south. The effusive BRIC bull says this is a good thing as it will allow China to stop tightening money. Did it ever start?  [View news story]
    Why is it that the speculators think it's supply and demand and the nonspeculators think it's because of an increase or trhreat of an lincrease in margin requirements. What is interesting to me is that this big drop in demand happened at the same time as the threat of or actual increase in margin requirements. Damn isn't that just quite a coincidence.
    May 12, 2011. 11:34 AM | 1 Like Like |Link to Comment
  • It's "big" if the notion of commodity margin hikes as economic stimulus gains traction, Josh Brown writes. A weekend NY Post piece notes how last week's hikes broke the back of silver speculators: "It is time to stop dancing around the subject and begin to fight oil speculators. Increasing margin requirements for crude, much like with silver, will drive crude prices lower."  [View news story]
    do it now berfore the uncaring greedy speculating SOBs totally destroy the US economy soley to encrease their personal wealth.
    May 9, 2011. 03:08 PM | Likes Like |Link to Comment
  • Crude losses accelerating into the close, -2.3% at $97.51. Worries about Greece aren't helping, but can a margin hike be far behind? USO -14.2% for the week.  [View news story]
    If the price of oil isn't driven by speculation.......then a margin hike won't make any difference will it? I never beleived it was anything but speculation in the first place. Maybe the margin should be upped on all commodities.
    May 6, 2011. 03:03 PM | 2 Likes Like |Link to Comment
  • Leave it to Zero Hedge to see the cloud beneath the silver lining of the latest jobs report: "Today's BLS of 244K is great... until you exclude the 62K from McDonald's (MCD) hirings, and 175K from the Birth Death Adjustment, and end up with... +7K jobs." (also)  [View news story]
    I don't know and I'm just asking. How many jobs were lost in Auto manufacturing and related businesses due to parts shortages?
    May 6, 2011. 10:37 AM | 3 Likes Like |Link to Comment