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  • What To Do As Greece Crosses The Rubicon [View article]
    Like Yogi Berra once said, maybe, Nobody Knows Nothing.

    Everyone says they have been preparing, but when you look at the numbers today in 2015, they dwarf the numbers across the board of 2008. Household Debt, Corporate Debt, Government Local and National.

    The fact is all that's been done is we re-levered at ZIRP. Companies have been funneling money into stock buy backs dressing up the proverbial pig.

    How blind is the FED if until last month they were talking about raising rates, meanwhile Europe and China are going to go nuclear at the same time.

    So where do we go from here if things escalate? Nobody Knows.
    Jun 29, 2015. 09:30 AM | 5 Likes Like |Link to Comment
  • Philip Morris: The Hits Keep Coming [View article]
    lol. Because Pharma is doing gods work.
    Jan 27, 2015. 11:31 AM | 2 Likes Like |Link to Comment
  • eBay: A No-Brainer [View article]
    Paypal days are numbered, call me a loon, but in a Zirp enviroment, there is no justification for a 3% transaction fee and piss poor customer service.

    its outrageous and I amazed that has not been a greater revolt, although we are seeing it as merchants are desperate to the point of trying Bitcoin.

    There is a revolution brewing in payment services, I have never seen more merchants illegally tack on credit card processing fees, or incentive payment via check or ach. In an environment like this a 3% return on your money for the extra effort of processing a check.

    Bitcoin or some new alt payment maybe the catalyst.
    Jan 23, 2015. 11:53 AM | 2 Likes Like |Link to Comment
  • Netflix (NFLX) drops content from the A&E and History channels after talks between the company and A&E Networks broke down. The pulled content could be the biggest loss for the streaming service since Starz yanked Disney and Sony movies earlier this year. [View news story]
    Netflix better put itself on the auction block before there is nothing left.
    Sep 24, 2012. 09:52 AM | Likes Like |Link to Comment
  • "The complacency is staggering," says an asset manager of the corporate bond market (specifically Europe). When France is able to sell debt at negative rates, just about any corporate issue with a plus sign in front of the yield is going to look good to fund managers. "We are facing quite binary outcomes; investors should be concerned." [View news story]
    "We are facing quite binary outcomes"

    That is a great line, this is life in the 21s century.

    You either Win Big or Lose Big, there is no in between.
    Sep 5, 2012. 11:33 AM | 1 Like Like |Link to Comment
  • Why Bill Gross Should Stick To Bonds [View article]
    Well that the whole bit isn't it is an implied return of 7.5% buy or sell.

    Do we really believe we are going to be banging out 7.5% return on equities for the next 15 years?

    Not convinced.
    Aug 1, 2012. 12:27 PM | 2 Likes Like |Link to Comment
  • Market recap: You can't make this stuff up. No sooner than the EU summit draft begins to leak and bailout mechanisms look to be strengthened, Germany rejects it. Stocks, which had popped on the rumor, sank in the final minutes (especially banks) to cap a sharp decline. Treasurys rose, with 10-year yields tumbling to 1.97%. NYSE declining issues led advancers seven to one.  [View news story]
    Germans are printing money, Short The Rally, reject the deal, = profit!, rinse repeat
    Dec 8, 2011. 04:50 PM | 2 Likes Like |Link to Comment
  • Yields on Italian 10-year government bonds surge past the critical 7% mark widely seen as unsustainable, and are now at 7.36%. European shares are beginning to get ugly too, with Milan -4%, Euro STOXX 50 -2.4%, France -2.3%, Germany -2.1%, and U.K. -1.5%. Euro -1.2% vs. the dollar.  [View news story]
    Interdatisng times

    Maybe trying to cheat the market on CDS was a bad idea.

    2012 is going to be a wild ride
    Nov 9, 2011. 06:50 AM | 2 Likes Like |Link to Comment
  • The U.S. middle class, which did not cause the financial crisis, will wind up paying for it through higher taxes and cuts in government service, Simon Johnson writes. Though it's natural to point a finger at the institutions that mismanaged the risks that brought on the disaster, "the unfortunate truth is that those 'responsible' for the crisis never have enough money to make the rest of us whole."  [View news story]
    Who said we wanted to be made whole by paying Val the money.

    I think collapsing the financial system, and stealing the wealth and savings from a generation or two of americans deserves blood as payment

    I can shoot a crackhead dead for trying to steal my TV, so what do you think the elite thieves deserve
    Nov 7, 2011. 06:42 PM | 6 Likes Like |Link to Comment
  • The NY Times reports Jon Corzine pressed regulators in personal meetings over the last year to curb their plans to restrict a complicated type of transaction that allows brokerage firms to borrow customer funds for a self-loan or to finance trading. Leading the government's bid to stop the practice: CFTC Chairman Gary Gensler  who worked for Corzine at Goldman Sachs.  [View news story]
    We are have truly become a 3rd world banana republic

    Take what you can for your family while there are still things to take. The time is coming soon where there will be nothing left.

    And dont expect some white knight to rescue you from your malaise. History shows that the power belongs to those who will exercise violence without remorse.
    Nov 4, 2011. 08:00 AM | 1 Like Like |Link to Comment
  • Europe closes sharply lower for a 2nd straight day, managing to give up more than half of the previous month's gains in just two sessions. Stoxx 50 -5.6%, Germany -5.2%, France -5.3%, Italy -6.7%, Spain -4.8%, U.K. -2.4%. The euro -1.1% at $1.3709. Financial ETF: EUFN -6.5%. Stocks in Athens: -6.9%.  [View news story]
    Inconceivable! MerKozy promised us this wouldn't happen.
    Nov 1, 2011. 12:55 PM | Likes Like |Link to Comment
  • MF Global (MF) files for bankruptcy protection in New York court.  [View news story]
    good. F Corzine
    Oct 31, 2011. 10:40 AM | 2 Likes Like |Link to Comment
  • Only a sucker would get into the stock market now, Gerald Celente says: "All they can say in the mainstream media is that it’s a buying opportunity as they sucker people back into these markets. Did you ever hear them say, ‘It’s a selling opportunity?’ Not one of them, they’re a bunch of whores." The Wall Street protests are a sign that people are starting to realize this, he says.  [View news story]
    End of the world derangement syndrome.

    Celente is part of the doom and gloomers movement

    I have hedged. Got my ammo and gold but if we survive 2012, 2011 will mark a major market bottom

    I really think that once Europe gets taken off the table sustained a bull rally will return.

    The reality is the damage has been done the world is going to address the debt overhangs and we will continue our climb from the abyss.

    The time be long is in the darkness,
    not when the talking heads tell you
    Oct 14, 2011. 09:39 PM | 1 Like Like |Link to Comment
  • Stock index futures are solidly higher following a Merkel-Sarkozy press conference in which they say they are planning to come up with a plan to stabilize the eurozone and, if necessary, recapitalize the banks by the end of October. S&P +0.8%.  [View news story]
    This will get resolved, and watch out for that rally.

    It takes a long time to herd all the sheep into their pens, not an easy job.
    Oct 9, 2011. 10:19 PM | Likes Like |Link to Comment
  • Lorillard (LO -1.8%) is down this morning after Goldman cuts it to neutral, citing concerns about its U.S. tobacco business. The firm says its flagship Marlboro brand is losing market share, and as pricing decelerates across the spectrum, the rest of its current product mix will likely be a drag on earnings as well.  [View news story]
    how did this get posted it links to a subscription site, and manages to confuse who owns the Marlboro brand, thats like stating Coke is Pepsi flagship brand.
    Oct 4, 2011. 12:57 PM | Likes Like |Link to Comment