Market recap: Stocks opened strong after the Nikkei jumped 2.7% as the dollar/yen rallied to 94.80, then pared gains in mid-afternoon on renewed taper talk ahead of Bernanke's Wednesday press conference. Cyclical sectors contributed to the advance as energy, financials and tech all jumped more than 1%. Homebuilder sentiment spiked, while NY Fed manufacturing also rose. [View news story]
amazing how every time Bernanke has to take a dump the market fades and as soon as he gets back to hit the buy buy buy button, the market rallies. Poor guy must have a hard time w/his bowels
Markets get another boost as a soothing Jon Hilsenrath piece hits reminding the Fed wants us to know a taper of asset purchases doesn't mean an end to asset purchases, and a hike in short-term interest rates isn't anywhere close to being on the radar at this point. S&P 500 (SPY +1.6%), Nasdaq 100 (QQQ +1.4%). [View news story]
Actually, Hilsenrath doesn't mean crap, its all BEN buying futures to manipulate the mkt
It's officially a rally with the Dow (DIA +0.8%) up 120 points. You won't see these names in any S&P 500 screens, but savagely beaten-up income names are the day's strongest performers. Against the trend of late, the rally in stocks isn't leading to a selloff in bonds - the 10-year yield is off 5 bps to 2.18%. [View news story]
SA, its caused a FED orchestrated short squeeze rally to support the 50 DMA Simple! Bernanke does it every time
Market recap: Another day, another reversal in stocks, with morning gains turning into afternoon losses as the dollar started weakening vs. the yen. For part of 2011, stocks followed the euro's every move; now Japan is the fixation, as attitudes fluctuate almost daily about its stimulus moves. The dollar traded at ¥95.61, down from ¥96.22 late Tuesday; yields on 10-year Treasurys rose as high as 2.23%. [View news story]
Very few investors left in the market-just traders fixated on soem news flash 24-7. Ben and the FED can take responsibility for this casino where fundamentals don't mateer-just charts and momentum- CNBC is the worst at promoting trading-"Fast Money" bs
A wave of analyst downgrades are coming in on Lululemon (LULU) after the resignation of CEO Christine Day clouded visibility on the retailer and Q1 results (I, II) disappointed. So far, both UBS and Sterne Agee moved to a Neutral stance while BMO expressed concern over the ongoing search for a senior supply chain exec. LULU -13.4% premarket to $71.25. [View news story]
Great Insight by the analysts ( I mean lemmings) Let's get this right....Buy yesterday @ $82 Sell today @ $71 How do we profit from that??? LOL at the analysts!
"It's amazing how quickly bubble behaviors from the last decade have come back," says TrimTabs CEO David Santschi, urging investors to "tread carefully." The market (VTI) is in a dangerous place, says John Hussman - "heavily bullish, overbought, overvalued," with the belief tail-risk has been eliminated. It's "virtually impossible" to know the correct multiple to put on stocks (it's currently 17.6) when real rates are negative, says Jason Trennert. [View news story]
Greater Fool Theory best describes the "market gurus". Not cool to be cautious....beta trade blah blah blah.. GIFF " Greed Inevetibly Follows Fear"! An old timer taught me that
Market recap: Stocks closed largely flat after a seesaw session, as comments from James Bullard provided little in the way of clarity regarding the FOMC's next move. The St. Louis Fed chief said improved labor market conditions coupled with subdued inflation have left the Fed's options open. Apple unveiled a new mobile operating system, iTunes Radio, and new Macbook Air models, while McDonald's got a lift from strong May same-store sales numbers. S&P upgraded its outlook for the U.S. to stable from negative, helping the greenback which was already performing well against the yen after Monday's strong rally in Tokyo. [View news story]
Goldilocks economy huh?? Reminds me of Mr.Magoo(Greenspan) back in the day. He couldn't see the bubble-just like BEN
St. Louis Fed chief James Bullard says labor market conditions "have improved," potentially giving the Fed scope to taper its asset purchases. No one need be too alarmed though, as inflation "has surprised to the downside" which means the FOMC could decide to "maintain its aggressive program over a longer time frame." Can you say mixed messages? [View news story]
Can you say "Markets addicted to stimulus" ?? No stimulus, no upward movement FED has a monster to feed
Market recap: Stocks powered up and closed near session highs after the monthly jobs report painted a Goldilocks picture of steady economic growth that's slow enough for the Fed to maintain its stimulus policies. Fund clients added to positions and hedge funds closed out some bearish bets, as some of the calm that had prevailed for much of the year was restored. The dollar nosed higher and Treasury prices fell in choppy trading. [View news story]
Zeus Im hedged. Do u think we will all know the day the music stops? Like 2000 or 2007? Same problem created by the fed-asset bubbles
Market recap: Stocks powered up and closed near session highs after the monthly jobs report painted a Goldilocks picture of steady economic growth that's slow enough for the Fed to maintain its stimulus policies. Fund clients added to positions and hedge funds closed out some bearish bets, as some of the calm that had prevailed for much of the year was restored. The dollar nosed higher and Treasury prices fell in choppy trading. [View news story]
In think BEN let the cat out the bag yesterday at 2:30 amazingly the markets (SPX) rose over 3% since breaking the 50 dma. Look at the charts people. Constant stick saves by the PPT (FED) at every time the market tests the avgs. Not allowed to correct for fear of consumers spending habits. This wealth effect bs is destroying our markets Turning them into a LV Casinio at best
Devon Energy's (DVN +1%) move to transfer some assets into an MLP continues to be greeted with a yawn; shares are up today but in line with the sector. Peers such as Apache (APA) and Hess (HES), which also trade at discounted valuations, are seen to have more options and higher exposure to oil. "The catalyst to make the change at Devon is just not that obvious," says one energy investment banker. [View news story]
Actually what is needed is an outright sale of the company or new management at the top.
Devon Energy's (DVN +1%) move to transfer some assets into an MLP continues to be greeted with a yawn; shares are up today but in line with the sector. Peers such as Apache (APA) and Hess (HES), which also trade at discounted valuations, are seen to have more options and higher exposure to oil. "The catalyst to make the change at Devon is just not that obvious," says one energy investment banker. [View news story]
That statement from the investment banker you quote is probably sour grapes since he didn't win the biz for his firm. These "know it alls" are paid on commissions . Bad mouth the company after you lose the biz is the norm
Market recap: Stocks opened strong after the Nikkei jumped 2.7% as the dollar/yen rallied to 94.80, then pared gains in mid-afternoon on renewed taper talk ahead of Bernanke's Wednesday press conference. Cyclical sectors contributed to the advance as energy, financials and tech all jumped more than 1%. Homebuilder sentiment spiked, while NY Fed manufacturing also rose. [View news story]
Markets get another boost as a soothing Jon Hilsenrath piece hits reminding the Fed wants us to know a taper of asset purchases doesn't mean an end to asset purchases, and a hike in short-term interest rates isn't anywhere close to being on the radar at this point. S&P 500 (SPY +1.6%), Nasdaq 100 (QQQ +1.4%). [View news story]
It's officially a rally with the Dow (DIA +0.8%) up 120 points. You won't see these names in any S&P 500 screens, but savagely beaten-up income names are the day's strongest performers. Against the trend of late, the rally in stocks isn't leading to a selloff in bonds - the 10-year yield is off 5 bps to 2.18%. [View news story]
On the hour: Dow +0.38%. 10-yr +0.26%. Euro -0.17% vs. dollar. Crude -0.04% to $95.84. Gold -1.18% to $1375.55. [View news story]
On the hour: Dow +0.66%. 10-yr +0.34%. Euro -0.07% vs. dollar. Crude +0.24% to $96.11. Gold -1% to $1378.05. [View news story]
On the hour: Dow +0.38%. 10-yr +0.26%. Euro -0.17% vs. dollar. Crude -0.04% to $95.84. Gold -1.18% to $1375.55. [View news story]
Market recap: Another day, another reversal in stocks, with morning gains turning into afternoon losses as the dollar started weakening vs. the yen. For part of 2011, stocks followed the euro's every move; now Japan is the fixation, as attitudes fluctuate almost daily about its stimulus moves. The dollar traded at ¥95.61, down from ¥96.22 late Tuesday; yields on 10-year Treasurys rose as high as 2.23%. [View news story]
A wave of analyst downgrades are coming in on Lululemon (LULU) after the resignation of CEO Christine Day clouded visibility on the retailer and Q1 results (I, II) disappointed. So far, both UBS and Sterne Agee moved to a Neutral stance while BMO expressed concern over the ongoing search for a senior supply chain exec. LULU -13.4% premarket to $71.25. [View news story]
"It's amazing how quickly bubble behaviors from the last decade have come back," says TrimTabs CEO David Santschi, urging investors to "tread carefully." The market (VTI) is in a dangerous place, says John Hussman - "heavily bullish, overbought, overvalued," with the belief tail-risk has been eliminated. It's "virtually impossible" to know the correct multiple to put on stocks (it's currently 17.6) when real rates are negative, says Jason Trennert. [View news story]
Market recap: Stocks closed largely flat after a seesaw session, as comments from James Bullard provided little in the way of clarity regarding the FOMC's next move. The St. Louis Fed chief said improved labor market conditions coupled with subdued inflation have left the Fed's options open. Apple unveiled a new mobile operating system, iTunes Radio, and new Macbook Air models, while McDonald's got a lift from strong May same-store sales numbers. S&P upgraded its outlook for the U.S. to stable from negative, helping the greenback which was already performing well against the yen after Monday's strong rally in Tokyo. [View news story]
St. Louis Fed chief James Bullard says labor market conditions "have improved," potentially giving the Fed scope to taper its asset purchases. No one need be too alarmed though, as inflation "has surprised to the downside" which means the FOMC could decide to "maintain its aggressive program over a longer time frame." Can you say mixed messages? [View news story]
Market recap: Stocks powered up and closed near session highs after the monthly jobs report painted a Goldilocks picture of steady economic growth that's slow enough for the Fed to maintain its stimulus policies. Fund clients added to positions and hedge funds closed out some bearish bets, as some of the calm that had prevailed for much of the year was restored. The dollar nosed higher and Treasury prices fell in choppy trading. [View news story]
Market recap: Stocks powered up and closed near session highs after the monthly jobs report painted a Goldilocks picture of steady economic growth that's slow enough for the Fed to maintain its stimulus policies. Fund clients added to positions and hedge funds closed out some bearish bets, as some of the calm that had prevailed for much of the year was restored. The dollar nosed higher and Treasury prices fell in choppy trading. [View news story]
Devon Energy's (DVN +1%) move to transfer some assets into an MLP continues to be greeted with a yawn; shares are up today but in line with the sector. Peers such as Apache (APA) and Hess (HES), which also trade at discounted valuations, are seen to have more options and higher exposure to oil. "The catalyst to make the change at Devon is just not that obvious," says one energy investment banker. [View news story]
Devon Energy's (DVN +1%) move to transfer some assets into an MLP continues to be greeted with a yawn; shares are up today but in line with the sector. Peers such as Apache (APA) and Hess (HES), which also trade at discounted valuations, are seen to have more options and higher exposure to oil. "The catalyst to make the change at Devon is just not that obvious," says one energy investment banker. [View news story]