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  • Natural Gas: What A Difference A Year Makes - Analysis, Outlook, Statistics, Catalysts [View article]
    I have lost a LOT of respect for Warren, and never had any for Barry the orator who is all show and no go. Michele needs another $4M Euro vacation at taxpayer expense. I do not vote as it only encourages them.
    Apr 4 09:44 AM | 11 Likes Like |Link to Comment
  • NY Times examines Summers' bid for Fed chairmanship [View news story]
    I don't care if Tarzan gets the Fed Chair, I just want the punishment of savers to end. Stop QE, Stop manipulating interest rates, and follow the market the way the Fed has always done until Helicopter Ben took over. I don't think deflation is evil. What's wrong with lower prices?
    Ben is the evil one who punished the prudent, wise investors and savers as he rewarded the profligate who lived far beyond their means. Failure is part of capitalism. Stop changing the rules in the 7th inning. Ben bailed out the politicians as well. His happy money makes them think the economy and debts are in fine shape. The rich got richer, the middle class got poorer, and the poor get handouts while cheating - working under the table, profiting from illegal activities.

    FREE market capitalism. I miss it!!
    Aug 11 11:22 AM | 8 Likes Like |Link to Comment
  • Cornell University economist Robert Frank comes back from a recent trip to Berlin, "where the entire city seemed under construction," and urges the government to follow the German example and invest in infrastructure." While the Germans "yield to no one in their distaste for indebtedness...they’ve made investments whose future benefits will far outweigh repayment costs," write Frank. And the "undeniable side effect has been to bolster employment substantially in the short run." [View news story]
    They've spent more money on education yet results are weaker. It's not the amount of money that matters, it's about parenting and students who want to learn, teachers who teach effectively. American youth are the best video game players in the world and know all the celebs' every move.
    Jul 7 10:17 AM | 8 Likes Like |Link to Comment
  • Seeking Alpha fires a shot at Bloomberg, StreetAccount [View news story]
    I wish you'd stop forcing sign-in to read page two or 2nd half of articles. SA makes it impossible to cancel a membership. I prefer to read anonymously as possible, I know it can see my IP address. Keep the ability to search MC by symbol, and when searching SA by symbol, include MC in results.
    Jul 29 07:39 AM | 6 Likes Like |Link to Comment
  • Goldman Sachs lifts its forecasts for the S&P 500 (SPY), as David Kostin and company now say they expect the index to gain 5% by year-end to 1,750, 9% to 1,900 in 2014, and 10% to 2,100 in 2015. The rationale: expectations of above-trend real GDP growth beginning next year (Mr. Evans' "escape velocity" ?) coupled with P/E multiple expansion to 16x. Furthermore, dividends should rise ~30% over the next two years, bolstering the firm's claim that dividend-paying equities (DVY) are one of the only places U.S. investors can look to for income-generation. Some of GS's dividend picks, as listed on MarketWatch: Mattel (MAT), Ford (F), Philip Morris (PM), Walgreen (WAG), Chevron (CVX), U.S. Bancorp (USB), GE, Western Union (WU), Dow Chemical (DOW), and AT&T (T). [View news story]
    Does anyone take GS seriously? They're often wrong and seldom honest. The market has gone parabolic, and those straight up moves always come straight back down. Here is where we are in the Bull/Bear Cycle:
    May 21 07:55 AM | 6 Likes Like |Link to Comment
  • Here's What Happened The Last Time The Fed Owned All Outstanding Treasuries [View article]
    The upshot is very simple, the U.S. stock market presently reflects two unstable features. One is that extraordinary monetary policy – specifically quantitative easing – has created an ocean of zero-interest money that someone has to hold at each point in time, and that provokes a speculative reach for yield. The other is that extraordinary fiscal policy, coupled with household savings near record lows, have joined to elevate profit margins more than 70% above their historical norm, as the deficit of one sector has to emerge as the surplus of another. The result is that investors quite erroneously accept the distorted “earnings yield” of stocks (and the associated “forward price/earnings multiple” of the S&P 500) at face value, without any adjustment for elevated profit margins or the historical tendency for such elevations to be eliminated over the course of the business cycle.

    Put simply, stocks are not cheap, but are instead strenuously overvalued. The speculative reach for yield, encouraged by the Federal Reserve, has created another bubble – which is not recognized as a bubble only because distorted profit margins create the illusion that stocks are reasonably valued. We presently estimate a prospective 10-year nominal total return for the S&P 500 of less than 3.5% annually. The likelihood of even this return being achieved smoothly, without severe intervening volatility and steep market losses, is roughly zero. This does not imply or ensure immediate market losses, but it doesn’t need to. On any horizon of less than about 6-7 years, we expect that any intervening returns achieved by the S&P 500 will be wiped out, and then some. Speculate if you believe that your exit strategy will dominate that of millions of other speculators, despite market conditions that are already overvalued, overbought, overbullish. I n my view, all of this will end badly.
    Apr 10 08:13 AM | 6 Likes Like |Link to Comment
  • Here's What Happened The Last Time The Fed Owned All Outstanding Treasuries [View article]
    Never in history has a new secular bull market begun at today's valuations. This is a time to sell, not to buy. If I hear one more long-only manager scream "stocks are cheap" I'll get ill.
    Sickest rally ever!
    Chart, discussion, comments
    Apr 9 02:27 PM | 6 Likes Like |Link to Comment
  • What Are The Bearish Triggers? [View article]
    This is all so super-complicated all things considered -- so why not just use the charts to follow the market, which doesn't always move in sync with economies - instead of the impossible trying to forecast the market using fundamentals and economics?
    The educated chart-reader can use higher odds to make money and protect himself. Win big, lose small. Central banks are the biggest factor in stock market movements lately - cheap, easy money and great liquidity, and few places to make a decent return.
    Jan 21 08:29 AM | 5 Likes Like |Link to Comment
  • "With no recession in sight, we find it hard to make a bear case," says HSBC, noting that "the first tightening in a cycle … typically causes only a short-lived correction in stocks." The bank's global head of equity strategy Garry Evans says the combination of a "data dependent" taper, 10% earnings growth, and relatively conservative valuations makes for some attractive opportunities especially in financial stocks (XLF) which he says are cheap and poised for strong earnings momentum. HSBC also prefers U.S. equities (SPY, VTI) to other markets. [View news story]
    Sure, eliminate mark-to-market for all the bad stuff and they don't look too hideous. Fed's job is to bail out the moronic banks who bought all that "AAA" mbs
    Jul 6 07:11 PM | 5 Likes Like |Link to Comment
  • Big Ben made a big mistake in the way he announced the Fed's plan to end QE yesterday, laments CNBC's Larry Kudlow. When it comes to ending the bond-buying program, the training wheels needed to come off slowly. But, while investors were still pondering exactly when a tapering of the program might begin, Mr. Bernanke laid out a plan to completely end QE in roughly one year or less. The abrupt policy shift immediately has sparked a rout on Wall Street, and it's going to shake up confidence even more, Kudlow says, perhaps even slowing the already anemic recovery. [View news story]
    Kudlow is clueless as always...
    Jun 20 08:41 PM | 5 Likes Like |Link to Comment
  • More from Tepper: "We're going to get this hyper-drive market," unless the Fed starts tapering its purchases, he says (referencing 1999), adding the June meeting wouldn't be a bad time to get started. He pulls out this chart from a recent FRBNY report, showing stocks remain cheap - the equity premium to bonds is as high as it's been in the last 50 years. [View news story]
    Tepper has his short skirt on and pom poms, he is Ben's lackey. If Tepper were bearish, CNBC would not give him air time.
    May 14 08:31 AM | 5 Likes Like |Link to Comment
  • "It's almost biblical," says Apollo Global (APO) CEO Leon Black. "There is a time to reap and there's a time to sow ... We are harvesting." The P-E kingpin says Apollo has unloaded about $13B in assets over the past 15 months. "The financing market is as good as we have ever seen it. It's back to 2007 levels. There is no institutional memory ... We're selling everything that's not nailed down." [View news story]
    278,000 new private jobs past 3 months were part time, and U6 rose to 13.9%. Feed the Rich, then Eat the Rich later. Just like they do with hogs
    May 4 09:10 AM | 5 Likes Like |Link to Comment
  • Inovio's Hepatitis C Data: What Does It Really Mean? [View article]
    Mstiles, why is it you know so much more about INO than the author?
    Is it because he's a disguised basher twisting the facts?
    INO lowered voltage in electroporation, and this trial has nothing to do with INO's drugs. It didn't even test the effects of electroporation which has doubled efficacy in testing. I believe Dr. Kim knows more than this writer.
    Apr 5 08:40 AM | 5 Likes Like |Link to Comment
  • Natural Gas: What A Difference A Year Makes - Analysis, Outlook, Statistics, Catalysts [View article]
    Perspective. In mine, he has been on constant vacation since he took office.
    Apr 4 03:07 PM | 5 Likes Like |Link to Comment
  • Natural Gas: What A Difference A Year Makes - Analysis, Outlook, Statistics, Catalysts [View article]
    Fantastic article, thank you! Very interesting to me is Canada is much less restrictive on LNG exports than is the U. S., and Shell just applied for a new, $4B project to move it to Canada's west coast for export to Asia, where prices are much higher than in U. S. Also, train spills have been bigger and more frequent than pipeline breaks, yet the main media hasn't mentioned it relative to the recent Exxon pipeline break into residential areas. The railroad group received a downgrade today.
    Apr 4 08:39 AM | 5 Likes Like |Link to Comment