Market recap: The monkey market went wild in the final hour of trading on rumors that G-20 sources said central banks were prepared for coordinated action after the weekend vote in Greece, shrugging off concerns about soaring Spanish bond yields. Meanwhile, the U.K. unveiled measures to insulate itself from the euro crisis and bolster its banks. NYSE gainers led losers more than two to one. [View news story]
CRACK!!! The monkeys need more CRACK!! NOW NOW NOW. The market is the sickest, most disgusting addict there is. It is seriously dope sick. Maybe someday there will be a free and fair market. It's all a manipulated ponzi on crack now.
In her speech tonight at the Boston Economic Club, Fed Vice Chair Janet Yellen suggests the Fed may be close to taking more easing steps this month in response to ongoing housing problems, a weak jobs market and the escalating euro zone crisis. "There are a number of significant downside risks to the economic outlook," Yellen says, "Hence it may well be appropriate to insure against adverse shocks that could push the economy into territory where a self-reinforcing downward spiral of economic weakness would be difficult to arrest." [View news story]
Will there ever be a free market? Will it always be manipulated by sociopathic central planners and inept politicians? How did bailouts and endless money printing become the expected norm? I remember when I was a kid people were embarrassed if they had to be "bailed out" by someone else. What happened to the healthy idea that failure is the governor on stupidity? The whole system has devolved into a pathetic, greed driven sham.
The probability of more Fed stimulus when Operation Twist ends in June has gone up to 80% from 50%, says Morgan Stanley's David Greenlaw. Winter month optimism has faded away, he tells clients, "The Fed is likely to do what it can to provide some support." [View news story]
From 50% to 80% chance? What are the metrics this monkey used to come up with that number. Mindless dork. These crack addicts will do anything to get more QE, even if it only pumps stocks for a few weeks. Addicts need to go through cold turkey and PAIN. Then the healing can begin.
You've probably made up your mind already about whether you're going to buy Facebook (FB) when it debuts. More than likely, you're buying - at any price, too. However, before you place your order it's important to remember the risks involved. None of them are news to you, I'm sure, but that doesn't mean you shouldn't reconsider them nonetheless. All Things D lists the 10 most important here. [View news story]
With austerity proving "uniquely destructive" to the eurozone, Berkeley's Christina Romer says "measures should be backloaded." I.e., they should be passed now but phased in gradually as economies recover. History shows that it works: e.g., the U.S.'s 1983 Social Security reform, and Sweden's plan to cut its deficit by 8% of GDP in 1995. [View news story]
Romer has been completely discredited. Even if one day in the future she actually had a good idea, no one would listen. She wasted her big opportunity. Another ivory tower Econ PHD idiot. She should live and work in the real world to find truth. Her ilk will tinker until it all collapses, then blame the blameless. Losers never take responsibility for their actions. Case in point: Jon Corzine.
The FRBNY sells the entirety of the MAX CDO holdings from its Maiden Lane III portfolio to a consortium formed by Barclays (BCS) and Deutsche Bank (DB) following a competitive bid process that included 8 of the SIFIs. (previous) [View news story]
We live in a criminal financial economy. A government controlled opaque system... we are simply expected to believe what the authorities tell us.
This could be one of the best earnings seasons ever, but as Europe staggers, U.S. markets appear destined to follow them down. Just how precarious is it? "Basically, we're mountain climbers," says S&P Capital's Sam Stovall. "The U.S. is in front, China is behind and Europe is tethered to us. But if Europe should fall, it could drag the rest of us down the mountain as well." [View news story]
"Basically, we're mountain climbers"... However, none of the climbers have any climbing equipment, experience in mountain climbing or survival gear.
"In effect there has been a significant shortfall in the overall amount of monetary policy stimulus since early 2009," said Fed Vice-Chair Yellen last night, suggesting even with all of its extraordinary measures, the central bank hasn't done enough. She believes ZIRP could stay in place well beyond the current target of late 2014. [View news story]
Yellen is a criminal, just like the others. Screw her and her idiotic ivory tower ideas. They have sealed the nation's fate. With lick, it will mean the FED's demise.
The Chicago Fed's Charles Evans outlines his "7/3" rule, saying the FOMC should only raise rates if unemployment falls below 7% or core inflation rises above 3%. As his models see neither happening anytime soon, he says more accommodation is clearly appropriate. [View news story]
What an idiot. This "metric" has no data to back it up. He likes it because it's easy to dance to and has a good beat. Another ivory tower dilweed shooting from the hip. It's so comforting that we have a monkey like this trying to manipulate the economy.
Apple (AAPL) announces a quarterly dividend of $2.65/share to begin in FQ4 of this year (July 2012) as well as a buyback program of up to $10B. (PR) [View news story]
You don't understand the meaning of "parabolic", do you? Maybe you should take a math class and then use a different adjective to make your case.
Apple (AAPL) announces a quarterly dividend of $2.65/share to begin in FQ4 of this year (July 2012) as well as a buyback program of up to $10B. (PR) [View news story]
Stupid. Jobs is dead and the clowns turn it into MSFT. Get out.
Chris Whitmore, take your perp walk. Apple's (AAPL -0.7%) failure to hold $600 is blamed on the Deutsche Bank analyst who proclaimed around midday that AAPL's parabolic rise had gone too far. Whitmore made clear his firm was just taking profits after rising 50% since October. Many Streeters share the skepticism, but they've been burned too often in the past to say so. [View news story]
More from the FOMC: Since December meeting, economy is "expanding moderately." Household spending advancing but "growth in fixed business investment has slowed, and the housing sector remains depressed." Along with extending maturities, Fed will keep reinvesting principal from agency debt and agency MBS. [View news story]
Bernanke: "Hey guys lets REALLY crush the dollar and rip the hearts out of savers!"
I'm sick of these central planners. The free market is dead.
Jamie Dimon during this morning's earnings conference call: "There's no one in charge of the global financial system ... It's crazy." Jamie, we thought you were. JPM -3.9%. [View news story]
Why should it be controlled? So TBTF bankers like JD can steal more? Screw control, lets get back to a free market. That's the way you get to a healthy system. Only fools and narcissists think they can control complex systems.
Eighteen months on, there has been no real explanation for what caused the "flash crash" and no evidence that the fundamental problems behind it have been fixed, which means 2012 could bring another, potentially more damaging freefall in the markets. [View news story]
Obama did it! Oh, wait I can't say that because it's racist.
Market recap: The monkey market went wild in the final hour of trading on rumors that G-20 sources said central banks were prepared for coordinated action after the weekend vote in Greece, shrugging off concerns about soaring Spanish bond yields. Meanwhile, the U.K. unveiled measures to insulate itself from the euro crisis and bolster its banks. NYSE gainers led losers more than two to one. [View news story]
In her speech tonight at the Boston Economic Club, Fed Vice Chair Janet Yellen suggests the Fed may be close to taking more easing steps this month in response to ongoing housing problems, a weak jobs market and the escalating euro zone crisis. "There are a number of significant downside risks to the economic outlook," Yellen says, "Hence it may well be appropriate to insure against adverse shocks that could push the economy into territory where a self-reinforcing downward spiral of economic weakness would be difficult to arrest." [View news story]
The probability of more Fed stimulus when Operation Twist ends in June has gone up to 80% from 50%, says Morgan Stanley's David Greenlaw. Winter month optimism has faded away, he tells clients, "The Fed is likely to do what it can to provide some support." [View news story]
You've probably made up your mind already about whether you're going to buy Facebook (FB) when it debuts. More than likely, you're buying - at any price, too. However, before you place your order it's important to remember the risks involved. None of them are news to you, I'm sure, but that doesn't mean you shouldn't reconsider them nonetheless. All Things D lists the 10 most important here. [View news story]
With austerity proving "uniquely destructive" to the eurozone, Berkeley's Christina Romer says "measures should be backloaded." I.e., they should be passed now but phased in gradually as economies recover. History shows that it works: e.g., the U.S.'s 1983 Social Security reform, and Sweden's plan to cut its deficit by 8% of GDP in 1995. [View news story]
The FRBNY sells the entirety of the MAX CDO holdings from its Maiden Lane III portfolio to a consortium formed by Barclays (BCS) and Deutsche Bank (DB) following a competitive bid process that included 8 of the SIFIs. (previous) [View news story]
This could be one of the best earnings seasons ever, but as Europe staggers, U.S. markets appear destined to follow them down. Just how precarious is it? "Basically, we're mountain climbers," says S&P Capital's Sam Stovall. "The U.S. is in front, China is behind and Europe is tethered to us. But if Europe should fall, it could drag the rest of us down the mountain as well." [View news story]
"In effect there has been a significant shortfall in the overall amount of monetary policy stimulus since early 2009," said Fed Vice-Chair Yellen last night, suggesting even with all of its extraordinary measures, the central bank hasn't done enough. She believes ZIRP could stay in place well beyond the current target of late 2014. [View news story]
The Chicago Fed's Charles Evans outlines his "7/3" rule, saying the FOMC should only raise rates if unemployment falls below 7% or core inflation rises above 3%. As his models see neither happening anytime soon, he says more accommodation is clearly appropriate. [View news story]
Apple (AAPL) announces a quarterly dividend of $2.65/share to begin in FQ4 of this year (July 2012) as well as a buyback program of up to $10B. (PR) [View news story]
Apple (AAPL) announces a quarterly dividend of $2.65/share to begin in FQ4 of this year (July 2012) as well as a buyback program of up to $10B. (PR) [View news story]
Chris Whitmore, take your perp walk. Apple's (AAPL -0.7%) failure to hold $600 is blamed on the Deutsche Bank analyst who proclaimed around midday that AAPL's parabolic rise had gone too far. Whitmore made clear his firm was just taking profits after rising 50% since October. Many Streeters share the skepticism, but they've been burned too often in the past to say so. [View news story]
More from the FOMC: Since December meeting, economy is "expanding moderately." Household spending advancing but "growth in fixed business investment has slowed, and the housing sector remains depressed." Along with extending maturities, Fed will keep reinvesting principal from agency debt and agency MBS. [View news story]
I'm sick of these central planners. The free market is dead.
Jamie Dimon during this morning's earnings conference call: "There's no one in charge of the global financial system ... It's crazy." Jamie, we thought you were. JPM -3.9%. [View news story]
Eighteen months on, there has been no real explanation for what caused the "flash crash" and no evidence that the fundamental problems behind it have been fixed, which means 2012 could bring another, potentially more damaging freefall in the markets. [View news story]