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Barry Crocker

Barry Crocker
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  • Chinese Premier Wen Jiabao says no one should rely on China to bail out the world economy. "Countries must first put their own houses in order," Wen said today. Asian stocks dropped following his comments, but European markets and futures have shaken the news off.  [View news story]
    Yet two days ago the markets shot up 200 points in the final 45 mins on rumored Chinese intervention : )
    Sep 14, 2011. 06:43 AM | Likes Like |Link to Comment
  • Macroeconomic Advisers estimates Obama's American Jobs Act would give a "significant boost" to GDP and employment over the near-term. The consulting firm sees the jobs plan helping GDP gain an extra 1.3% in 2012 and 0.2% for 2013, as well as kick in an extra 1.3M nonfarm jobs by the end of 2012 and 0.8M in 2013.  [View news story]
    So why not double or triple it ?

    Party on !!
    Sep 9, 2011. 07:00 AM | 2 Likes Like |Link to Comment
  • "It's a technical mess all over the world," according to chart expert Louise Yamada. She says virtually all the global markets, with the exception of Japan, Thailand, Indonesia and "a few U.S. markets," have triggered long-term sell signals. Her advice: "Rallies would be best used to lighten some positions."  [View news story]
    When did she predict that Windy. Because if it was when the DOW has only just started heading South I'd call her a genius : )
    Aug 16, 2011. 11:39 PM | 1 Like Like |Link to Comment
  • What the Fed can do to stop the fear: Buy bank stocks. "Perhaps such as action is not even in the central bank’s charter," Doug McIntyre says, but "that does not matter as much as a sign of short-term confidence in large U.S. financial firms does. The Fed could change the market perceptions of companies like Bank of America with just a few days of financial support."  [View news story]
    IPhone 5 is on it's way.

    Nothing else matters : )
    Aug 9, 2011. 10:13 AM | 1 Like Like |Link to Comment
  • Some early stock index futures prints: S&P 500 -2.5%, Nikkei -2.2%, German DAX -2.6%, FTSE 100 -2.7%, French CAC 40 -3.2%. Currencies: Dollar -1% vs. the swissie, -0.4% vs. the yen, -0.3% vs. the euro , +0.5% vs. the aussie, +0.4% vs. the loonie.  [View news story]
    Buy the dip with someone elses money.

    They will be : )
    Aug 7, 2011. 07:16 PM | 3 Likes Like |Link to Comment
  • Stock index futures are sharply higher - S&P 500 +1.3% - as a deal to raise the debt limit appears within reach. The greenback is solidly higher against the safety currencies - the yen and the swissie - but lower vs. the risk currencies - the aussie and the loonie. Treasury yields are marginally higher.  [View news story]
    Big volume on the buy side. Not seen large orders like this in early doors on the buy side in a long time. Same players here as over there ... interesting.
    Jul 31, 2011. 08:13 PM | 2 Likes Like |Link to Comment
  • Stock index futures are sharply higher - S&P 500 +1.3% - as a deal to raise the debt limit appears within reach. The greenback is solidly higher against the safety currencies - the yen and the swissie - but lower vs. the risk currencies - the aussie and the loonie. Treasury yields are marginally higher.  [View news story]
    Large Caps up big at the open here in Australia in the first 5 minutes of trade. 1.5%+
    Jul 31, 2011. 08:06 PM | 3 Likes Like |Link to Comment
  • A report in Die Welt says German financial firms were prepared to accept a far higher write-down on their Greek paper than the 21% eventually agreed to. At that level, Deutsche Bank will actually show a profit on its holdings. It makes one wonder what all the fuss was about over the past weeks.  [View news story]
    At that level, Deutsche Bank will actually show a profit on its holdings.

    Comical !!

    They placed a bet, lost and still won : )
    Jul 24, 2011. 08:44 AM | 1 Like Like |Link to Comment
  • European shares and the euro are moving sharply higher now. ECB chief Trichet's apparent green light for Greek default could be the reason as this means the bank would continue accepting the country's paper as collateral, thus preventing an implosion of Greece's banking system. Stoxx 50 +0.7%.  [View news story]
    Comical !!
    Jul 21, 2011. 08:10 AM | Likes Like |Link to Comment
  • An IMF review suggests China's exchange rate policy hinders future economic growth, and urges the PBOC to allow a stronger yuan. The fund finds the yuan to be undervalued somewhere between 3%-23%, creating conflicts with trading partners and holding back the standard of living in China.  [View news story]
    3% - 23%

    and this panel wants China to take them to seriously.

    Does the same panel do earning estimates for S&P500 companies ?
    Jul 21, 2011. 07:35 AM | Likes Like |Link to Comment
  • The HSBC China flash PMI for July comes in at 48.9, showing contraction for the 1st time in a year, and the lowest reading in 28 months. Assets levered to hot Chinese growth - the Australian dollar and copper to name two - drop sharply on the news. Shanghai -1%.  [View news story]
    Ignored in Oz today. Aussie dipped, sharply ? hardly.
    Jul 21, 2011. 07:24 AM | Likes Like |Link to Comment
  • Not satisfied just selling ripoff products, Chinese shysters are opening fake Apple stores - including 3 in one neighborhood in Kumming. At first glance, the stores seem perfect -  even down to the hipster employees in blue t-shirts and chunky Apple name tags. The tip offs: cheap stairs and the wrong paint job.  [View news story]
    ROFL !!
    Jul 20, 2011. 09:43 AM | Likes Like |Link to Comment
  • EU banks will have to raise €460B in new top quality capital under draft laws to implement Basel III. The banks will also have to strengthen their governance and face higher penalties for non-compliance.  [View news story]
    Tap the Fed on the shoulder.
    Jul 20, 2011. 08:57 AM | Likes Like |Link to Comment
  • France's Sarkozy and Germany's Merkel will meet later today, ahead of a key eurozone summit tomorrow where leaders will discuss the region's continuing debt crisis. Merkel tried to downplay expectations, saying the summit is unlikely to provide a comprehensive solution, but hopeful investors are bidding European markets up, with FTSE +0.9%. Euro +0.3% vs. USD.  [View news story]
    They're four short.

    Gang of Six needed : )
    Jul 20, 2011. 04:55 AM | Likes Like |Link to Comment
  • In yesterday's conference call with investors, Steve Wynn (WYNN) said he wants to boost hiring for his Las Vegas operations, but the government is standing in his way: “This administration is the greatest wet blanket to business, progress and job creation in my lifetime... [Businesses are] frightened to death of the weird political philosophy of the President of the United States.”  [View news story]
    Chill Stevo. Go get yourself a few more botox injections and a chin lift and you'll be fine.
    Jul 19, 2011. 10:36 AM | 1 Like Like |Link to Comment
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454 Comments
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