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nightfly

nightfly
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  • Which Euro ETF Is Right for You? [View article]
    Only EUO and FXE have any volume of worth none are that liquid.
    Feb 11, 2010. 09:38 PM | Likes Like |Link to Comment
  • As Greece hopes for an EU bailout, a financial storm is brewing across the Dardanelles. Turkey has seen a 20% rise in domestic debt over the past year. Plus, the short maturity of government bonds means it's always worrying about large redemptions.  [View news story]
    I feel sorry for all the trees that will parish on the earth in order to pay for the malfeasance of govts and banks.
    Feb 11, 2010. 12:55 PM | 1 Like Like |Link to Comment
  • "Until jobs are being created to replace those we've lost... this recovery will not be finished," Obama says in his Economic Report to Congress. Don't hold your breath, Mr. President. The latest Business Council survey of CEOs finds continued and widespread wariness of new hiring. In a separate survey, two-thirds of board members say firms won't return to business as usual until at least 2013. And S&P companies show no signs of spending, as they increased Q4 cash holdings by a combined 78% to $1.2T from a year earlier.  [View news story]
    Hope can replace reality - like I hope I can win the lotto. Will I? Nope. I hope I can retire @age 40. I hope my home goes up in value instead of constantly down.

    I guess I just need to IPO my hopes and then it'll happen.
    Feb 11, 2010. 12:02 PM | 1 Like Like |Link to Comment
  • U.S. foreclosures fell 10% M/M in January, to 315,716, or one in every 409 houses. But the drop may be temporary, warns RealtyTrac: "If history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans" where mortgage-mods and other alternatives have failed.  [View news story]
    Don't people get it? Most if not all banks had a 30-60 moratorium on foreclosures going into Christmas. Heck even my local elec/gas company did the same thing.

    Temporary and fake are the best two words to describe the "holiday" fallacy of everything is fine, go buy cars, stocks, and houses.
    Feb 11, 2010. 11:42 AM | 1 Like Like |Link to Comment
  • First, Greece. Next, Portugal? "If I was the Portugese finance minister needing [a bailout], I would think I have a strong case," David Nielsen, chief European economist at Goldman Sachs (GS), tells CNBC. Now that the EU will backstop Greece, how does it say no to the next in line?  [View news story]
    Right, the EU is following USA's limitless printing press back bailouts - oh yeah, that's good for the currencies. Debasement to the core.
    Feb 11, 2010. 11:39 AM | 1 Like Like |Link to Comment
  • The White House expects employment to grow an average of 95,000 jobs a month this year. In the annual Economic Report of the President, Obama sees "clear evidence" the job market is stabilizing but more needs to be done "to eliminate the large jobs deficit that has opened up over the course of the recession."  [View news story]
    The "talk" becomes more feverish as things get worse. All of this lagging indicators and the ending stimulus are just going to head-fake the hope dealers.
    Feb 11, 2010. 11:37 AM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: -43K to 440K vs. 468K consensus. Continuing claims -79K to 4,538,000.  [View news story]
    the simple fact about the prev 900K revision means that the BLS has no clue - continues to have no clue and those zealots like bbro who take the bait whole line and sinker are the most clueless of them all.
    Feb 11, 2010. 11:33 AM | 1 Like Like |Link to Comment
  • We're only about a month into the new year, but strategists' average year-end S&P 500 target has inched up to 1,232 (a 16% gain from today) from 1,225 - with HSBC and Bank of Montreal thinking 1300 and 1200 respectively.  [View news story]
    Perfect reason to short "them investors".
    Feb 9, 2010. 04:01 PM | Likes Like |Link to Comment
  • Defaults on FHA-backed loans passed 9% in December, ending the year at 9.12%, up from 6.82% one year earlier and 8.94% in November.  [View news story]
    A recovery that you can believe in? Not.
    A sustainable stable market for the future? Not.

    The definition of insanity is doing the same thing over and over and expecting different results - aka "this time it's different".
    Feb 9, 2010. 02:17 PM | 1 Like Like |Link to Comment
  • Here we go: German government spokesman says reports about decision on aid for Greece are "unfounded." (Reuters) S&P down 9 points in two minutes.  [View news story]
    No no, the bulls don't care, they have their ignore filters on full and this market will not retrace the bounce - also, since the EU markets are closed this morning's buyers are mostly eating dinner now.
    Feb 9, 2010. 12:48 PM | Likes Like |Link to Comment
  • Stocks are surging at the noon hour on reports that eurozone countries have agreed in principle to a financial aid package for Greece. Dow +1.8% to 10,088, S&P +1.6% to 1073, Nasdaq +1.3% to 2153.  [View news story]
    Right, this is actually bad for the EUR - they are simply following the printing press solution of the US.
    Feb 9, 2010. 12:23 PM | 2 Likes Like |Link to Comment
  • The panic over European debt is exaggerated, says Jeffrey Sachs: "I am not too impressed by this panic. I think Spain, Greece and Portugal are solvent. I think they are creditworthy... this [panic] will go away in a few weeks."  [View news story]
    The PIGS they themselves aren't really the issue...they are a proxy currently for what could start happening to non-PIGS, like the UK and eventually the good ole printing press support economy of the USA.
    Feb 8, 2010. 01:38 PM | 1 Like Like |Link to Comment
  • Consumer credit: Falls in December for a record 11th straight month - down $1.73B (annual 0.8%) vs. consensus of an $8.5B decline - led by continuing reductions in credit-card debt. It wrapped only the second annual decline since World War II (the other year was 1991).  [View news story]
    Something called Christmas - biggest spending month or two of the year just happened. Even those with no money to spend - find ways to spend what they got. Once this seasonal bias is washed out in the numbers (including employment), watch out. Things are tough out there and not getting any better.
    Feb 5, 2010. 04:07 PM | 1 Like Like |Link to Comment
  • Stocks dug a trench an hour ago, but a slow rebound has the Dow reclaiming 9,900, at least, and Nasdaq trying to make its way back to the flat line. Conglomerates and utilites are performing worst in value and number of decliners. With an hour to go, DJIA -1% to 9,905; S&P 500 -0.9% to 1,054; Nasdaq -0.3% to 2,118. Crude -2.8%. Gold -0.3%. Platinum -3%.  [View news story]
    Right, but the same ole same ole has Unlimited funds since they are backed by printing presses that never sleep.
    Feb 5, 2010. 03:37 PM | Likes Like |Link to Comment
  • Stocks dug a trench an hour ago, but a slow rebound has the Dow reclaiming 9,900, at least, and Nasdaq trying to make its way back to the flat line. Conglomerates and utilites are performing worst in value and number of decliners. With an hour to go, DJIA -1% to 9,905; S&P 500 -0.9% to 1,054; Nasdaq -0.3% to 2,118. Crude -2.8%. Gold -0.3%. Platinum -3%.  [View news story]
    Your tax dollars at work!
    Feb 5, 2010. 03:15 PM | Likes Like |Link to Comment
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