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davidshelton

davidshelton
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  • In spite of weak results from Goldman Sachs (GS) and Bank of America (BAC), Banyan Partners' Bob Pavlik remains bullish on bank stocks, believing a recovery will happen once conditions begin improving in the mortgage space. Pavlik likes Citigroup (C) and BofA, but thinks JPMorgan Chase (JPM) "is probably the best of the group."  [View news story]
    "once conditions begin improving in the mortgage space" LMAO!!!
    Never mind the technicals or the fundamentals then :)
    Jul 19 02:44 PM | Likes Like |Link to Comment
  • Timer Model: Buy Inflation Hedges and Risk [View article]
    I suppose one needs to be cautiously optimistic but I wonder if the markets can continue to muddle through the fundamental mess(es) out there and continue to support inflated "risk-on" assets. Aren´t the risks just too high at the moment to fully commit to such a trade? I worry more about the European endgame than the current "gong show" over in the USA. Hedging and tight stops needed indeed......
    Jul 19 01:01 PM | 1 Like Like |Link to Comment
  • Meanwhile, the situation deteriorates in Italy, as trading resumes in UniCredit and shares continue to slide, now -7.7%, and Italian short-term debt surges past 6%. EWI -4.6%. (earlier)  [View news story]
    The slow motion race to the bottom continues..... yawn...
    Jul 8 11:48 AM | 2 Likes Like |Link to Comment
  • In a stunner, News Corp. (NWS +1.7%) says Sunday's edition of News of the World - with a circulation of 2.5M, the most-read English-language newspaper - will be the last one as it shutters the 168-year-old (but scandal-besieged) operation.  [View news story]
    Good riddance News of the World! England is a better place without you :)
    Jul 7 12:12 PM | 1 Like Like |Link to Comment
  • Flying a bit under the radar, the silver ETF (SLV -2.2%) takes out its May sell-off low to close at a level not seen since March. With that key support taken out, could a $20 handle be in silver's near future?  [View news story]
    Didn´t move SLW, SVM or PAAS much at all....... plus an apparently bullish structure in the silver futures makes one wonder how much further it has to fall. There is the QE factor though. It´s going to be an interesting summer!
    Jun 27 10:00 PM | Likes Like |Link to Comment
  • QE Lite update: Even with the Fed's second round of asset buying ending this week, the central bank will remain Treasurys' biggest fan, using rollovers to buy what could be $300B in debt over the next 12 months (some $25B/month). Just something to weigh as you wonder who steps in to buy bonds in the coming weeks.  [View news story]
    Ok, but who´s going to buy the new bond issuance needed to pay for the Trillion dollar deficit in the US? Never mind the rolling over of current debt........
    Jun 27 12:03 PM | 1 Like Like |Link to Comment
  • Macro Concerns About the Market [View article]
    If this is Europe`s Bear Stearns moment do we have a year or so before the proverbial muck hits the fan? Many(including myself) have paid dearly by underestimating the resolve of the EU to keep kicking the can down the road. This last episode of Euro drama and brinkmanship didn´t put much of a dent in the Euro....
    So I think people are pricing in further can kicking more so than before. An outright default can´t be what people are expecting.
    Jun 20 11:56 PM | Likes Like |Link to Comment
  • Macro Concerns About the Market [View article]
    re. Exposure to Greece and the PIIGS - I believe John Mauldin had a good write up in his weekly e-letter "Time to get outraged" 10th June using an article put together by economist Kash Mansori. It sounds like US institutions have more "indirect" exposure through CDS`s to the tune of 83.16% of $41.028 Billion NET US institutional exposure to Greece(ie 34.1178 Billion in indirect exposure).
    There`s more at streetlightblog.blogsp... and streetlightblog.blogsp...
    Jun 20 11:49 PM | Likes Like |Link to Comment
  • Robert Reich – What’s Wrong With the Economy in 2 Minutes [View instapost]
    "Two wrongs don´t make a right!" - sorry, no moral high ground for you ;)
    Jun 20 01:19 PM | 1 Like Like |Link to Comment
  • Don't Count Bill Gross Out Just Yet [View article]
    Please correct me if I am wrong but then today´s inflation figures are very bad for treasuries even in the context of a correction with the end of QE2 looming? I suppose if there is a significant crash caused by financial crisis 2.0 then some capital will run to treasuries and being long TBF, TBT and PST won´t be such a good thing despite the above. Hard to wrap one´s head around all the mayhem these days!
    Jun 15 11:59 AM | 1 Like Like |Link to Comment
  • Youku.com: Worth Watching [View article]
    Recent underperformance seems quite bearish especially as we´re still a ways away from IPO lockup expiry. June is going to be interesting!
    May 27 09:58 AM | Likes Like |Link to Comment
  • Don't Tax Oil Companies - Nationalize Them! [View instapost]
    @Philip Davis : My hat off to you for saying what needed to be said. The internet is a wonderful thing for increasing awareness despite it´s flaws. Let´s make it so!!
    May 20 09:33 AM | 1 Like Like |Link to Comment
  • Youku.com: Worth Watching [View article]
    On the wires : Soros takes stake in Youku.com Inc <YOKU.N> of 50,000 sponsored adr (Extract from press release of Soros Fund Management).
    Surely for Soros this is a "drop in the bucket" but one has to wonder his motives/timing and what he actually paid for those shares. Any thoughts anyone?
    May 16 06:52 PM | Likes Like |Link to Comment
  • Youku.com: Worth Watching [View article]
    At this rate we might get to 30 a bit sooner! I wish I had been able to get hold of more shares to short....
    May 16 05:34 PM | Likes Like |Link to Comment
  • Most nuclear plans on track outside Japan, Germany [View article]
    I can´t imagine the carnage in the commodity space if a serious announcement about implementation of this new technology happened around the end of QE2!!! Would be quite the nail in the coffin.... lol
    I´m optimistic but not that optimistic!
    May 14 01:55 PM | Likes Like |Link to Comment
COMMENTS STATS
312 Comments
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