Stocks bounce from a sizable early loss, the S&P 500 and Nasdaq each off 0.35% in the noon hour. It's a broad decline with no sector in the green and the only big S&P 500 gainers being P&G and Intuitive Surgical. Has Apple become a Treasury bond? It's up today and seems to outperform every time there's a selloff. [View news story]
Bernanke and Dudley had a "get together" this am and missed the opening. Dont worry -they have the presses printing
Gasoline prices in Minnesota are the highest in the continental U.S., a dubious honor usually reserved for California and odd considering the state borders North Dakota, now the no. 2 U.S. oil producer. Minnesota drivers were paying $4.29/gal. on May 20, $0.62 above the U.S. average. Planned and unplanned maintenance at Midwest refineries have cut into gasoline production and available supplies are depleted, the EIA says. [View news story]
Iranian hackers have escalated a campaign of cyberassaults against U.S. companies and were able to gain access to control-system software that could allow them to manipulate oil or gas pipelines, proceeding "far enough to worry people," WSJ reports. Sources don't name the companies targeted but were energy companies along the Canadian border, where many firms have operations. [View news story]
Bernanke Congressional Testimony: Premature tightening risks choking off the economic recovery, says Bernanke in prepared remarks, and the FOMC stands ready to increase or decrease QE as necessary. Watch live here. [View news story]
These FED heads do not understand the bubble they have created...just like the Maestro Greenspan didn't It won't end pretty that's all I know
Bernanke Congressional Testimony: Premature tightening risks choking off the economic recovery, says Bernanke in prepared remarks, and the FOMC stands ready to increase or decrease QE as necessary. Watch live here. [View news story]
Old Ben knows he's created a monster and won't quit while he's on watch. Any tapering off and the market sells off. That is NOT allowed to happen. The market is a one way elevator-UP. Hope i'm all short when it starts down cause it will drop the first 60 floors like a rock
Market recap: Stocks pushed higher as regional presidents Dudley and Bullard signaled the Fed remains far from winding down its stimulus, plus a bullish outlook from Goldman Sachs. Bernanke is on deck tomorrow with Senate testimony. Leading the gains were health care, consumer and bank stocks, while telecom and tech weighed on the downside. Treasurys rose; 30-year yields fell to 1.935%. [View news story]
Nothing but a stimulus fed market...Crackheads are what the markets run on now...Take the crack away and they die
Major hedge funds have suddenly turned bullish, reportedly buying massive amounts of OTC call options on the S&P 500 (SPY). The purchases have been large enough to send the VIX (VXX) higher even as stocks continue to gain. An important milestone - the implied volatility of S&P calls is now greater than that of puts, a true rarity since 2007. [View news story]
Sure its not the FED buying calls???? I bet it is!!
That QE taper may end up being a QE expansion as FRBNY President Bill Dudley tells a gathering in Japan the uncertain economic outlook has him unsure if the next move will be up or down. He worries about investor over-reaction to a "normalization" of policy and suggests the FOMC may need to update what it needs to see to move in that direction. Stocks like the "up" talk, the S&P 500 (SPY +0.4%) at a fresh session high. [View news story]
true mobyss....just like 0% car loans...never will they go back up...people will balk at them forcing them to come back down...thre FED has created a real problem...not sure they know how to exit w/out it being a DISASTER
That QE taper may end up being a QE expansion as FRBNY President Bill Dudley tells a gathering in Japan the uncertain economic outlook has him unsure if the next move will be up or down. He worries about investor over-reaction to a "normalization" of policy and suggests the FOMC may need to update what it needs to see to move in that direction. Stocks like the "up" talk, the S&P 500 (SPY +0.4%) at a fresh session high. [View news story]
If QE is so necessary....why does the stock market go to all time highs?? Obviously, a true disconnect between main street and wall street. I think it's amazing all the good cop-bad cop Fed governors saying something different every other day and the market moves on every word
Stocks move to new session highs an hour before the bell, perhaps soothed by the FOMC's Kocherlakota arguing the Fed isn't easy enough. It's the opposite of 24 hours ago when John Williams' hawkish words knocked the markets for a few points. (SPY +0.9%), (DIA +0.4%), (QQQ +0.8%). [View news story]
That is exactly what the FED wants! Extremely high equity prices so people will feel confident and borrow and spend...Sure hope the music doesn't stop soon!!
Stocks move to new session highs an hour before the bell, perhaps soothed by the FOMC's Kocherlakota arguing the Fed isn't easy enough. It's the opposite of 24 hours ago when John Williams' hawkish words knocked the markets for a few points. (SPY +0.9%), (DIA +0.4%), (QQQ +0.8%). [View news story]
Remember Barton Biggs describing the internet bubble as the "greater fool theory"? Happening again as we watch
Apr. Leading Indicators: Leading Index +0.6% to 95.0 vs. +0.3% expected, -0.1% prior. Coincident Index +0.1% vs. -0.1% prior. Lagging Index +0.1% vs. +0.3% prior . [View news story]
That's the whole point of QE is to create wealth in the stock market. They've killed bond investing. Trickle down consumer spending. market goes down, people cut back. Just another FED created bubble
Market recap: Why do people listen to David Tepper? Because he's often right. His appearance on CNBC this morning to share his bullish views set the table for today's rally, led by big banks including BofA and AmEx. However, techs lagged after Apple sold off on no apparent news. Nymex crude ended below $95 as the IEA detailed a "supply shock"; gold fell to a three-week low at $1,424.50. [View news story]
Amazing that everybody, especially the CNBC crew hangs on his every word. I was just reading about John Paulson and his abysmal performance since he was anointed "Master of the Universe". Lemmings following CNBC and their MOMO cheerleaders will be hit in the crosshairs. I don't know when but it will be painful. Remebering back to 1999 when maria B. asked Buffett "why would you want town JNJ"? when you could be buying internet stocks which rose everyday. Waiting on the sidelines now
Apple (AAPL -2.5%) has dived over the last 30 minutes of trading on heavy volume, without any news to explain the move. The decline comes with the NASDAQ still up 0.5% on the day. [View news story]
Tepper rally redux - stocks are near session-highs in the noon hour, the DJIA +0.6%, the S&P 500 +0.9%, the Nasdaq +0.8%. Up 2.5% to a new 52-week high, Bank of America is the Dow's biggest gainer. The 10-year Treasury yield is flat at 1.92%. [View news story]
wonder if he's selling into this mindless buying and short squeeze??
Stocks bounce from a sizable early loss, the S&P 500 and Nasdaq each off 0.35% in the noon hour. It's a broad decline with no sector in the green and the only big S&P 500 gainers being P&G and Intuitive Surgical. Has Apple become a Treasury bond? It's up today and seems to outperform every time there's a selloff. [View news story]
Gasoline prices in Minnesota are the highest in the continental U.S., a dubious honor usually reserved for California and odd considering the state borders North Dakota, now the no. 2 U.S. oil producer. Minnesota drivers were paying $4.29/gal. on May 20, $0.62 above the U.S. average. Planned and unplanned maintenance at Midwest refineries have cut into gasoline production and available supplies are depleted, the EIA says. [View news story]
Iranian hackers have escalated a campaign of cyberassaults against U.S. companies and were able to gain access to control-system software that could allow them to manipulate oil or gas pipelines, proceeding "far enough to worry people," WSJ reports. Sources don't name the companies targeted but were energy companies along the Canadian border, where many firms have operations. [View news story]
Bernanke Congressional Testimony: Premature tightening risks choking off the economic recovery, says Bernanke in prepared remarks, and the FOMC stands ready to increase or decrease QE as necessary. Watch live here. [View news story]
Bernanke Congressional Testimony: Premature tightening risks choking off the economic recovery, says Bernanke in prepared remarks, and the FOMC stands ready to increase or decrease QE as necessary. Watch live here. [View news story]
Market recap: Stocks pushed higher as regional presidents Dudley and Bullard signaled the Fed remains far from winding down its stimulus, plus a bullish outlook from Goldman Sachs. Bernanke is on deck tomorrow with Senate testimony. Leading the gains were health care, consumer and bank stocks, while telecom and tech weighed on the downside. Treasurys rose; 30-year yields fell to 1.935%. [View news story]
Major hedge funds have suddenly turned bullish, reportedly buying massive amounts of OTC call options on the S&P 500 (SPY). The purchases have been large enough to send the VIX (VXX) higher even as stocks continue to gain. An important milestone - the implied volatility of S&P calls is now greater than that of puts, a true rarity since 2007. [View news story]
That QE taper may end up being a QE expansion as FRBNY President Bill Dudley tells a gathering in Japan the uncertain economic outlook has him unsure if the next move will be up or down. He worries about investor over-reaction to a "normalization" of policy and suggests the FOMC may need to update what it needs to see to move in that direction. Stocks like the "up" talk, the S&P 500 (SPY +0.4%) at a fresh session high. [View news story]
That QE taper may end up being a QE expansion as FRBNY President Bill Dudley tells a gathering in Japan the uncertain economic outlook has him unsure if the next move will be up or down. He worries about investor over-reaction to a "normalization" of policy and suggests the FOMC may need to update what it needs to see to move in that direction. Stocks like the "up" talk, the S&P 500 (SPY +0.4%) at a fresh session high. [View news story]
Stocks move to new session highs an hour before the bell, perhaps soothed by the FOMC's Kocherlakota arguing the Fed isn't easy enough. It's the opposite of 24 hours ago when John Williams' hawkish words knocked the markets for a few points. (SPY +0.9%), (DIA +0.4%), (QQQ +0.8%). [View news story]
Stocks move to new session highs an hour before the bell, perhaps soothed by the FOMC's Kocherlakota arguing the Fed isn't easy enough. It's the opposite of 24 hours ago when John Williams' hawkish words knocked the markets for a few points. (SPY +0.9%), (DIA +0.4%), (QQQ +0.8%). [View news story]
Apr. Leading Indicators: Leading Index +0.6% to 95.0 vs. +0.3% expected, -0.1% prior. Coincident Index +0.1% vs. -0.1% prior. Lagging Index +0.1% vs. +0.3% prior . [View news story]
Market recap: Why do people listen to David Tepper? Because he's often right. His appearance on CNBC this morning to share his bullish views set the table for today's rally, led by big banks including BofA and AmEx. However, techs lagged after Apple sold off on no apparent news. Nymex crude ended below $95 as the IEA detailed a "supply shock"; gold fell to a three-week low at $1,424.50. [View news story]
Apple (AAPL -2.5%) has dived over the last 30 minutes of trading on heavy volume, without any news to explain the move. The decline comes with the NASDAQ still up 0.5% on the day. [View news story]
Tepper rally redux - stocks are near session-highs in the noon hour, the DJIA +0.6%, the S&P 500 +0.9%, the Nasdaq +0.8%. Up 2.5% to a new 52-week high, Bank of America is the Dow's biggest gainer. The 10-year Treasury yield is flat at 1.92%. [View news story]