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  • Could Obama invoke the 14th Amendment to raise the debt limit? The key clause is: "The validity of the public debt of the United States...shall not be questioned," which some Democrats believe allows the government to borrow so that bondholders wouldn't doubt the validity of U.S. debt.   [View news story]
    I don't know. But, it sure is interesting.
    Jul 6, 2011. 08:08 AM | 1 Like Like |Link to Comment
  • EU peripheral bond yields are melting higher in the wake of the Portugal downgrade, as traders now wait for the ball to drop on Ireland. The Portuguese 10 year is up 118 bps at 12.21%, Ireland +66 bps to 12.21%. Italian yields are modestly higher, but its CDS are blowing out, +12.3%.   [View news story]
    It will take some really work to convince me that big money isn't doing whatever it is they do to make a bad situation even worse. It just seems strange to me that when one little piigie gets rescued another one or two hits the spotlight. Unscrupulous big money is out of control. I'm ready, convince me otherwise.
    Jul 6, 2011. 07:51 AM | Likes Like |Link to Comment
  • Market recap: Stocks struggled to finish mixed in low-volume trading, as news of Moody's downgrade of Portugal negated early gains from a favorable report on factory orders. Energy shares rose as crude oil futures jumped 2.1% after Barclays raised its target for 2012 prices, but financials fell. Treasurys rose for the first time in six sessions. NYSE advancers ended roughly even with decliners.   [View news story]
    Now we know who is next. The big boys will pick portugals bones clean and then move on to ....we'll just have to wait and see.
    Jul 5, 2011. 04:42 PM | Likes Like |Link to Comment
  • Your favorite stock beat earnings expectations again! Bullish, right? Maybe if it weren't so universal, Jason Zweig says. Of course, beats are "predetermined in a cynical tango-clinch" between analysts and companies. Nothing's surprising about earnings surprises.   [View news story]
    if earning surprises mean nothing then earnings misses should mean the same. I think this comes under the heading of garbage in garbage out.
    Jul 2, 2011. 06:39 PM | Likes Like |Link to Comment
  • Expected to resume sales of its Maiden Lane II securities in July, the Fed postpones the action citing market conditions. Dealers had requested the postponement, concerned the sales were weighing down mortgage bond prices.   [View news story]
    Maybe they should have sold them to AIG when AIG wanted to buy them.
    Jun 30, 2011. 06:03 PM | Likes Like |Link to Comment
  • If a CEO was running the show in the U.S., the option on the table would be to raise taxes and cut spending at the same time, Buttonwood writes. It's not only the rapid pace of government spending that has led to ballooning deficits, but tax receipts have fallen off since 2000. Will anyone in Congress dare suggest the idea?   [View news story]
    You can bet your sweet rear if the idea is suggested it won't be a Republican doing the suggesting.
    Jun 30, 2011. 06:00 PM | 2 Likes Like |Link to Comment
  • Fed Governor Sarah Bloom Raskin says financial inequality resulting from stagnating incomes for most Americans and rapid growth in wealth for the richest 1% is undermining the recovery. The disparities help “drag down maximum economic growth and are anathema to the social progress that is part and parcel of such growth."   [View news story]
    Vote the Republicans out of office. Check campaign contributions and see which party gets the most from big money. Does anyone really expect the Republicans to bite the hand that is making them rich?
    Jun 29, 2011. 02:50 PM | Likes Like |Link to Comment
  • Fed Governor Sarah Bloom Raskin says financial inequality resulting from stagnating incomes for most Americans and rapid growth in wealth for the richest 1% is undermining the recovery. The disparities help “drag down maximum economic growth and are anathema to the social progress that is part and parcel of such growth."   [View news story]
    Today's Republican party is not the party I professed to be a part of and voted for for 40 years. I'm voting Democrat unless things change.

    The US became the world's #1 economic power due to the ever increasing middle class. If the middle class continues to decline so will the US. Today China's economic power is derived from the ever increasing middle class. Recognize the story.
    Jun 29, 2011. 02:46 PM | 1 Like Like |Link to Comment
  • Fed Governor Sarah Bloom Raskin says financial inequality resulting from stagnating incomes for most Americans and rapid growth in wealth for the richest 1% is undermining the recovery. The disparities help “drag down maximum economic growth and are anathema to the social progress that is part and parcel of such growth."   [View news story]
    I can't say that I agree 100% with optionmaniac but it's pretty darn close to 100%. Another concern of mine is that too many parents are more concerned about whether Jack/Jill made the ball team than they are about their grades.
    Jun 29, 2011. 02:39 PM | 2 Likes Like |Link to Comment
  • Market recap: Stocks failed to build upon yesterday's late bounce, succumbing to fresh worries about Italian banks and disappointing tech earnings. Techs, energy and industrials slumped, while utilities ended slightly positive. Oil and gold, quiet today, each finished more than 2% lower on the week. Yields on 10-year Treasurys fell to as low as 2.85%. NYSE losers led gainers three to two.   [View news story]
    When gold falls and it will. It may be another 1500 bucks from now but it will fall, And, it will be swift and brutal. There will dead gold bugs laying everywhere just like there were when silver and oil crashed. Whoever is late getting into the game will be the first to fall. Ain't going to be no time to duck.
    Jun 24, 2011. 05:14 PM | Likes Like |Link to Comment
  • Market recap: Stocks failed to build upon yesterday's late bounce, succumbing to fresh worries about Italian banks and disappointing tech earnings. Techs, energy and industrials slumped, while utilities ended slightly positive. Oil and gold, quiet today, each finished more than 2% lower on the week. Yields on 10-year Treasurys fell to as low as 2.85%. NYSE losers led gainers three to two.   [View news story]

    Garbage. Nobody wants to be short or long over the weekend. I need to see what happens Monday for confirmation. The S&P 500 didn't even so much as poke a toe through the 200day ma.

    I guess the bears think they have gotten all they possibly can out of Greece so the new target is ah let's see oh yea the banks of Italy. I didn't used to believe in conspiracies but, i've changed my mind. These parasites feed on something/someone until they are almost dead and then they move on.
    Jun 24, 2011. 04:33 PM | Likes Like |Link to Comment
  • "The direct exposure to Greece of U.K. banks is really remarkably small," says BOE Governor King, who also dismisses the indirect exposure - "I'm not sure the sovereign debt crisis and what happened to Lehman Brothers have much in common."   [View news story]
    Doesn't Govenor King know we can't keep the markets whipped into a shorting gold mine with talk like this. Oh well, we still have the PIIs if the G goes. The PIIGs financial woes are definitely serious business; but, I just have this feeling that those that are short the PIIGs have this big stick and are stirring up as much stink as they can to enrichen themselves irregardless of the consequences
    Jun 24, 2011. 09:02 AM | Likes Like |Link to Comment
  • The timing of the release of 60M barrels of oil is a puzzle: The war in Libya, the purported cause of the move, has been raging for months, and prices had already fallen ~10% since April. So why the release now? This isn't really about oil; it's the economy, stupid. Some see it as "a sign of desperation" with prices recovering after a few months.   [View news story]
    sr1977 read the same story. I don't know if it is true or not; but, I hope to H there were a bunch of speculators that took the full 4 bucks a barrel drop on millions of barrels.
    Jun 23, 2011. 08:52 PM | 1 Like Like |Link to Comment
  • The timing of the release of 60M barrels of oil is a puzzle: The war in Libya, the purported cause of the move, has been raging for months, and prices had already fallen ~10% since April. So why the release now? This isn't really about oil; it's the economy, stupid. Some see it as "a sign of desperation" with prices recovering after a few months.   [View news story]
    www.cnbc.com/id/43514254
    This is the explanation I like....
    Jun 23, 2011. 08:36 PM | 1 Like Like |Link to Comment
  • The market's bounceback today came almost precisely at the S&P’s 200-day moving average, the second time that's happened in a week. It's also indicative of the range-bound market, but one can't help but worry about the avalanche of sell orders from technically-oriented investors that could happen if the lower limit is breached.   [View news story]
    They can say all they want about Greece and a deal. I say it was the big boys. The market was heavely shorted this morning on the bad Bernanke and employment news and the profits were taken at the close. Proplem is I don't have the money or the balls to play those moves. I made a couple of small moves that were profitable based on that theory.
    Jun 23, 2011. 05:31 PM | Likes Like |Link to Comment
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