"Hear that? That’s the sound of JPMorgan CEO Jamie Dimon and his mortgage lending peers laughing all the way to their respective banks." It's Halah Touryalai's reaction to the "wrist slap" - er, "enforcement action" - mortgage lenders got today from bank regulators for their mortgage loan servicing and foreclosure processing practices. [View news story]
ah just move on, nothing to see here, move along. So funny, don't know if anyone caught the 60 minutes segment on this but I HOPE they do a follow on. Seriously, I should use the robo signing folks to create 100 dollar bills. Seems like anybody can do whatever they want these days, especially if you have large political clout.
What David Sokol did was "front-running, and everybody knows that it is wrong," Alice Schroder writes. "When Sokol pitched the deal to Buffett (BRK.A), he was holding stock in Lubrizol (LZ) that had the equivalent of free lottery tickets attached... Instead of condemning Sokol, Buffett gave him a pat on the back on the way out... It’s too bad that Buffett missed an opportunity to show moral courage." [View news story]
I think everyone missing the point. I don't know no WB personally but I suspect that he would slit your throat if you knew some of the under handed dealings he's had with those in the highest level of this country. People love him because he seems like that old farmer that would never do anything wrong, while those don't know in town he's slowing poisoning them with the fertilizer in the stream.
What David Sokol did was "front-running, and everybody knows that it is wrong," Alice Schroder writes. "When Sokol pitched the deal to Buffett (BRK.A), he was holding stock in Lubrizol (LZ) that had the equivalent of free lottery tickets attached... Instead of condemning Sokol, Buffett gave him a pat on the back on the way out... It’s too bad that Buffett missed an opportunity to show moral courage." [View news story]
Hey let's be honest here....WB does the same thing. the only difference is that he hasn't been called out yet. Do you think he actually reads 10q's and annual reports, come on. If you think that then get real long the market right here, better yet buy some T's.
The past week's yield spikes are still bringing in the bidders as the Treasury sells $29B in seven-year notes at 2.895% (.pdf). Bid-to-cover ratio of 2.79, vs. a recent 2.8; indirect bidders take 49.4%, vs. a recent 52.1%. Direct bidders take 8.8%, vs. a recent 5.8%. [View news story]
What's this mean? Is treasury finding a market for treasurys?
Monday Morning - The Calm Before the Storm [View article]
Hey check out this AP article posted on YAHOO - It's so slanted I cannot believe it. There a recovery becuase we say so, not becuase there really is one.
Metals prices rise on positive signs for economy
Metals rise on signs of an improving US economy; energy prices mostly fall and grains mixed
ShareretweetEmailPrint... Shore, AP Business Writer, On Monday February 28, 2011, 4:17 pm EST Prices rose Monday for metals used in manufacturing as new reports suggested the U.S. economy is improving. Silver, palladium, platinum and copper all settled higher.
The gains are based on a Commerce Department report that says consumer incomes rose last month by the largest amount in nearly two years, thanks partly to a tax cut. However, Americans still are being careful about their spending.
Also, a measure of business strength in the Chicago area hit the highest level since July 1988. The Chicago Business Barometer showed more new orders coming in, improving employment and order backlogs.
The developments left many traders more confident about economic growth despite ongoing clashes in the oil-rich regions of Middle East and North Africa.
"Many have taken the view that ... higher oil prices will likely lead to tempered economic recovery instead of a total derailment of economic recovery," CPM Group analyst Carlos Sanchez said.
Silver, platinum, palladium and copper are used in manufacturing goods including electronics, housing materials and automobiles.
Silver for May delivery rose 89.7 cents to settle at $33.82 an ounce.
In other metals contracts, March copper added 4.2 cents to settle at $4.478 a pound, June palladium gained $12 to $799.60 an ounce, April platinum rose $5.80 to $1,809.20 an ounce and April gold added 60 cents to $1,409.90 an ounce.
Oil prices, meanwhile, settled slightly lower as government and industry officials reported that Libya is still exporting some crude and that leader Moammar Gadhafi has lost control of many of the country's oil fields.
Benchmark oil for March delivery fell 91 cents to settle at $96.97 a barrel on the New York Mercantile Exchange.
In other Nymex trading in March contracts, heating oil fell 0.66 cent to settle at $2.9389 per gallon, gasoline lost 1.59 cents to $2.8927 per gallon and natural gas added 3.2 cents to $4.037 per 1,000 cubic feet.
Grains and beans were mixed. In May contracts, wheat rose 5.75 cents to settle at $8.17 a bushel, corn gained 9 cents to $7.31 a bushel and soybeans fell 10.25 cents to $13.6475 a bushel.
As preparation for possible intervention in Libya, the U.S. repositions warships and planes in the Mediterranean. The delivery of aid and enforcement of a no-fly zone are possible courses of action, but no decisions have been made, and flexibility remains key for the moment. [View news story]
Let's protect OUrR Oil at all costs...that's the possible intervention.
"A little inflation would be good for the economy and good for equities," Jeff Miller asserts. Core inflation is close to zero, and Bernanke is handling the money supply just fine. "Understanding inflation is now the single biggest challenge for investors," Miller writes. "There is a lot at stake." [View news story]
Hey Jeff - what was end resulting income on your tax return? Guys like you who don't acutally live paycheck to paycheck would suggest such a thing.
Fandango Thursday - Does Anything Really Matter? [View article]
laughed at the "Lots of fun stuff we can ignore today!" The sad part here is that 99% of the population believe what they hear. The ecomonic rebound is on it's way - so it must be true. They have no idea of what or who is propping the mkts up. It's them in the end..me...you..everybo... needs somebody...some one to love...
The Trans Alaska Pipeline, shut on Saturday due to an oil leak, will likely restart before Friday, a source tells WSJ. Crude oil prices spiked, then pulled back to close at $89.25 in New York trading, +1.4%. Although the incident does not seem too serious, it could cause problems for oil markets and BP if the shutdown is prolonged. [View news story]
Trillion Dollar Tuesday - More Free Money [View article]
Phil, Maybe QE2 is "buying" our government more time to roll out of there bank owned positions. GM is done, now it's time to get the public to take the positions the government had. "The Treasury said late yesterday that it had reached an agreement to sell its remaining 2.4B shares in Citigroup (C) for $4.35 each, slightly below yesterday's $4.45 close, in a move that will net the government $10.5B. The Treasury still owns warrants on 465.1M Citigroup shares and the FDIC holds $800M of the bank’s trust-preferred securities on behalf of the Treasury. Citigroup said it's 'pleased' about the government's exit, and shares could see some upward momentum as investors leery of co-investing with the government return to the stock. " What would happen if the stock market wasn't actually manipulated to go up? When you run the game why would you ever think of losing?
Thrilling Thursday - The Luck of the Irish [View article]
IT's all about GM guys - it's fixed yes but you think they wanted to bring GM out on a down day. What really upsets me is that well all know it's fixed. When does the music stop and how many chairs are there?
Government Turnover Tuesday: Time to Blame the New Guys [View article]
"This ain't a recovery. It's the eye of the financial hurricane. "
This statement is a wonderful analogy. The next shoe to drop I suspect will be soon after the GM IPO. The government needs to get it's money back so holding up the markets for good reception is a plus. Joe six pack knows that our markets are fixed. It's all fixed. Have you ever watched the shell master when he doesn't have anyone to play with? He himself forgets where the pearl acutally is....
Here Comes the Chinese Yuan [View article]
"Hear that? That’s the sound of JPMorgan CEO Jamie Dimon and his mortgage lending peers laughing all the way to their respective banks." It's Halah Touryalai's reaction to the "wrist slap" - er, "enforcement action" - mortgage lenders got today from bank regulators for their mortgage loan servicing and foreclosure processing practices. [View news story]
What David Sokol did was "front-running, and everybody knows that it is wrong," Alice Schroder writes. "When Sokol pitched the deal to Buffett (BRK.A), he was holding stock in Lubrizol (LZ) that had the equivalent of free lottery tickets attached... Instead of condemning Sokol, Buffett gave him a pat on the back on the way out... It’s too bad that Buffett missed an opportunity to show moral courage." [View news story]
What David Sokol did was "front-running, and everybody knows that it is wrong," Alice Schroder writes. "When Sokol pitched the deal to Buffett (BRK.A), he was holding stock in Lubrizol (LZ) that had the equivalent of free lottery tickets attached... Instead of condemning Sokol, Buffett gave him a pat on the back on the way out... It’s too bad that Buffett missed an opportunity to show moral courage." [View news story]
The past week's yield spikes are still bringing in the bidders as the Treasury sells $29B in seven-year notes at 2.895% (.pdf). Bid-to-cover ratio of 2.79, vs. a recent 2.8; indirect bidders take 49.4%, vs. a recent 52.1%. Direct bidders take 8.8%, vs. a recent 5.8%. [View news story]
Monday Morning - The Calm Before the Storm [View article]
Metals prices rise on positive signs for economy
Metals rise on signs of an improving US economy; energy prices mostly fall and grains mixed
ShareretweetEmailPrint... Shore, AP Business Writer, On Monday February 28, 2011, 4:17 pm EST
Prices rose Monday for metals used in manufacturing as new reports suggested the U.S. economy is improving. Silver, palladium, platinum and copper all settled higher.
The gains are based on a Commerce Department report that says consumer incomes rose last month by the largest amount in nearly two years, thanks partly to a tax cut. However, Americans still are being careful about their spending.
Also, a measure of business strength in the Chicago area hit the highest level since July 1988. The Chicago Business Barometer showed more new orders coming in, improving employment and order backlogs.
The developments left many traders more confident about economic growth despite ongoing clashes in the oil-rich regions of Middle East and North Africa.
"Many have taken the view that ... higher oil prices will likely lead to tempered economic recovery instead of a total derailment of economic recovery," CPM Group analyst Carlos Sanchez said.
Silver, platinum, palladium and copper are used in manufacturing goods including electronics, housing materials and automobiles.
Silver for May delivery rose 89.7 cents to settle at $33.82 an ounce.
In other metals contracts, March copper added 4.2 cents to settle at $4.478 a pound, June palladium gained $12 to $799.60 an ounce, April platinum rose $5.80 to $1,809.20 an ounce and April gold added 60 cents to $1,409.90 an ounce.
Oil prices, meanwhile, settled slightly lower as government and industry officials reported that Libya is still exporting some crude and that leader Moammar Gadhafi has lost control of many of the country's oil fields.
Benchmark oil for March delivery fell 91 cents to settle at $96.97 a barrel on the New York Mercantile Exchange.
In other Nymex trading in March contracts, heating oil fell 0.66 cent to settle at $2.9389 per gallon, gasoline lost 1.59 cents to $2.8927 per gallon and natural gas added 3.2 cents to $4.037 per 1,000 cubic feet.
Grains and beans were mixed. In May contracts, wheat rose 5.75 cents to settle at $8.17 a bushel, corn gained 9 cents to $7.31 a bushel and soybeans fell 10.25 cents to $13.6475 a bushel.
As preparation for possible intervention in Libya, the U.S. repositions warships and planes in the Mediterranean. The delivery of aid and enforcement of a no-fly zone are possible courses of action, but no decisions have been made, and flexibility remains key for the moment. [View news story]
What Is the Impact of Rising Gasoline Prices? [View article]
"A little inflation would be good for the economy and good for equities," Jeff Miller asserts. Core inflation is close to zero, and Bernanke is handling the money supply just fine. "Understanding inflation is now the single biggest challenge for investors," Miller writes. "There is a lot at stake." [View news story]
Fandango Thursday - Does Anything Really Matter? [View article]
The sad part here is that 99% of the population believe what they hear. The ecomonic rebound is on it's way - so it must be true. They have no idea of what or who is propping the mkts up. It's them in the end..me...you..everybo... needs somebody...some one to love...
The Trans Alaska Pipeline, shut on Saturday due to an oil leak, will likely restart before Friday, a source tells WSJ. Crude oil prices spiked, then pulled back to close at $89.25 in New York trading, +1.4%. Although the incident does not seem too serious, it could cause problems for oil markets and BP if the shutdown is prolonged. [View news story]
Trillion Dollar Tuesday - More Free Money [View article]
Maybe QE2 is "buying" our government more time to roll out of there bank owned positions. GM is done, now it's time to get the public to take the positions the government had. "The Treasury said late yesterday that it had reached an agreement to sell its remaining 2.4B shares in Citigroup (C) for $4.35 each, slightly below yesterday's $4.45 close, in a move that will net the government $10.5B. The Treasury still owns warrants on 465.1M Citigroup shares and the FDIC holds $800M of the bank’s trust-preferred securities on behalf of the Treasury. Citigroup said it's 'pleased' about the government's exit, and shares could see some upward momentum as investors leery of co-investing with the government return to the stock. "
What would happen if the stock market wasn't actually manipulated to go up? When you run the game why would you ever think of losing?
Monday Market Movement - 'Like Moths to a Flame' [View article]
Thrilling Thursday - The Luck of the Irish [View article]
Government Turnover Tuesday: Time to Blame the New Guys [View article]
This statement is a wonderful analogy. The next shoe to drop I suspect will be soon after the GM IPO. The government needs to get it's money back so holding up the markets for good reception is a plus. Joe six pack knows that our markets are fixed. It's all fixed. Have you ever watched the shell master when he doesn't have anyone to play with? He himself forgets where the pearl acutally is....