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mowjo

mowjo
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  • Initial Jobless Claims: +13K to 472K vs. 455K consensus. Continuing claims +43K to 4,616,000.  [View news story]
    I'm watching futures. There was an initail drop and spy now seems to be bouncing back. I expected a big red bar. This and if the mkts go up today, reinforces my belief that if the mkts want to go up they will push aside bad news and rise. The same is true if they want to go down. QQQQ, DIA and SPY have all dropped and bounced. I guess we'll wait for the bell and the dust may not settle until 10 or 11 est. And, there is the death hour from 3 to 4 est.
    Jul 1 08:48 AM | Likes Like |Link to Comment
  • Wal-Mart (WMT) -1.7% after naming Bill Simon CEO of Wal-Mart U.S. The move is probably due to the trouble Wal-Mart is having in its home market. International sales are growing rapidly, while American sales have stalled.  [View news story]
    I can't remember going into a Walmart and seeing so many shelves empty as i have in the last 2 to 3 months. It is possible it is the local store only.
    Jun 29 01:08 PM | Likes Like |Link to Comment
  • Consumers have stopped paying mortgages so that they can cover other bills, says Meredith Whitney on CNBC, leaving banks with rotting assets and a mounting foreclosure problem. A double dip is coming in housing, "no doubt about it."  [View news story]
    read about fannie and freddie. A big concern that some of the houses are being sold to investors for rental property. Some real estate agents are cleaning up selling fnm/fre foreclosures.www.nytimes.com/2010/0...

    here's the link.
    Jun 21 09:26 AM | Likes Like |Link to Comment
  • If all goes well, Greece expects its economy to start growing again next year, saying the key to exiting the crisis is "through [more] exports, trade and investment."  [View news story]
    I'm not agreeing or disagreeing. The comment at least had a point and was had several supporting statements. It wasn't a smart mouth comment without support like the others.
    Jun 19 08:42 PM | 2 Likes Like |Link to Comment
  • Jim Cramer scoops up 100K shares of TheStreet.com (TSCM), his first buy of TSCM in six years. The recent purchases are fewer than the 112,500 shares Cramer sold last year - at a lower price than he's paying now.  [View news story]
    I think it just emphasizes that insider trading isn't a good buy/sell indicator.
    Jun 18 12:22 PM | 2 Likes Like |Link to Comment
  • Rep. Joe Barton's accusation that BP's (BP) compensation fund is a government "shakedown" may have been inartful but it gives voice to a growing view in corporate circles that Obama is "antibusiness." Obama is "walking a fine line... He runs the risk of sowing a level of mistrust about all big companies... that he will need to invest and innovate for the kind of recovery he wants.”  [View news story]
    After the previous administration, anyone telling business especially big oil that they must conduct their business according to law and their won't be any agencies helping them circumvent these laws (MMS), will appear at least to big business as being anti business. Everyone thinks car companies should build cars that meet safety regulations. All companies should operate with safety in mind. And not just enviromental safety. Remember, eleven people died in the Bp mishap because of someone's negligence. If I were president they'd think I was anti business too. Business already gets by with murder (Crandal Canyon, Massey Energy and now BP) because of the special treatment they get from dumping tons of money on Congress. I agree with Kelly, where's my violin.
    Jun 18 10:29 AM | 2 Likes Like |Link to Comment
  • The FCC votes 3-2 along party lines to move ahead with regulating broadband, setting the stage for an eventual legal showdown. Supporters include internet-dependent firms such as Google (GOOG) and Microsoft (MSFT), while phone and cable companies object, saying tighter regulations will raise costs. It's a "terrible idea" that would have "negative consequences" for decades, Verizon (VZ) CEO Tom Tauke says.  [View news story]
    "....while phone and cable companies object, saying tighter regulations will raise costs. " It should read; it will prevent phone and cable companies from from reaping obscene profits while still providing service that is second class when compared to the rest of the world. When as company is that much opposed to a proposed regulation, I'm of the opinion it will be good for me. When the dust all settles, if the FCC does not get the right to regulate band width etc. you and I will be paying for every gigabyte of data, video etc we download. Take a good look at what AT&T just did.
    Jun 17 03:41 PM | 1 Like Like |Link to Comment
  • So Hussman, Grantham and others think equities are 20% too expensive? Andrew Smithers uses cyclically adjusted P/E and Tobin's Q to argue the S&P 500 is 48% overvalued.  [View news story]
    If you don't like this opinion, look around you'll find one that may be180 degrees opposite of this one but aligns more with your views. The best part. All these differing opinoins come from well respected economists and "experts" in their field. Bottom line. If you are a Bull, you have an afinity for Bull shit. If you are a Bear, you have an afinity for Bear shit.
    Jun 17 02:25 PM | 4 Likes Like |Link to Comment
  • General Motors says nine of its 11 U.S. assembly plants will forgo traditional summer shutdowns to help meet buyer demand for popular models. The decision is expected to generate up to 56,000 additional vehicles.  [View news story]
    Cars must be selling.............
    Jun 17 09:59 AM | 1 Like Like |Link to Comment
  • Never a believer in the recovery, Gary Shilling says stocks "have gotten way ahead of themselves" and that there's a 30% chance the devilish S&P 666 low of March 2009 will be retested before the secular bear market ends. But he sees Treasuries as a way to make money in this market, anticipating a 3% yield on the 30-year bond.  [View news story]
    I read the Schilling thing sometime ago. Is there a good reason to rerun it. Anybody else remember it?
    Jun 16 06:19 PM | Likes Like |Link to Comment
  • Though the latest Spanish rescue rumor is looking suspect, FT Alphaville pulls out the handy Spanish proverb "If the river is noisy, it’s because it has water." Or, if rumors of a rescue keep growing despite repeated denials, there's probably something behind them.  [View news story]
    My opinion and my opinion only. It is a rumor and it was started to put a lid on this current little spike upwards in the markets. Everytime alittle rally up starts, we begin to see new stories and rumors about Euro debt.

    A question. Why has Moody's downgraded Greece 6 or so times? Why didn't they just downgrade them once and be done with it..
    Jun 16 10:58 AM | Likes Like |Link to Comment
  • It may be tempting to cheer as Obama kicks "bad dog" BP (BP -5.1%), but be careful what you wish for, Caroline Baum says, because behind the "scare tactic designed to score political points" is a government "power grab" to tell publicly-owned companies what they can and can’t do - "a slippery slope the U.S. doesn’t want to go down."  [View news story]
    The old saying "Don't bite your nose off to spite your face.". Is appropriate here. I totally agree with " be careful what you wish for." The next bad dog getting kicked may be you. Even though it may leave a bad taste in my mouth and yours, whatever is done has to be done inside the current limits of the Law and practice.
    Jun 16 10:55 AM | 5 Likes Like |Link to Comment
  • The government has testimony from a Paulson & Co. official that could contradict its own claims against Goldman Sachs (GS +1.4%), CNBC reports. Paolo Pellegrini told the government that he informed ACA Management that Paulson intended to short a portfolio of mortgages ACA was assembling.  [View news story]
    The plot thickens..........I'm thinkin' the SEC should be careful pounding it's chest. It might hurt itself.
    Apr 21 09:39 AM | 1 Like Like |Link to Comment
  • Former SEC chairman Chris Cox says the SEC could potentially file charges against Lehman (LEHMQ.PK) after the firm "filed misleading financial reports and failed to disclose material accounting information." More: Neither the SEC nor the Fed knew about Lehman's Repo 105 transactions.  [View news story]
    I really don't like the abbreviation LOL.......But, it really accurately described my reaction to this comment. I agree.
    Apr 21 08:47 AM | Likes Like |Link to Comment
  • The SEC is mulling stricter rules to keep financial firms from temporarily lowering their debt levels before quarterly reporting deadlines, masking their true risk exposure in the process. The rules may also be extended to include all companies and not just banks.  [View news story]
    I hate to call myself a casual observer so let's just say I'm not as well informed as I might be. But, it appears to me the SEC was embarassed at being caught napping at the controls and now like a little kid is determined to crush everything in sight just for spite. I'm in a half crappy mood this morning; but, it just seems there is more to the SEC's agenda than just enforcement. And, all just in time for the financial reform debate too.
    Apr 21 08:25 AM | Likes Like |Link to Comment
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