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That_Guy

That_Guy
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  • July Philly Fed Business Outlook: -12.9 vs. an expected -8.0 and June's -16.6. Employment index dives 10 points to -8.4.  [View news story]
    Try the dollar is the weakest and nothing is made in the us besides debt and death/war. Put a value on that.
    Jul 19 10:54 AM | Likes Like |Link to Comment
  • Mexico, long known for silver, is enjoying a new gold rush, as high gold prices compel companies to start mining more aggressively in the country's difficult terrain. Big outfits such as Goldcorp (GG) are operating in areas where gold wasn't concentrated enough for mines to make a profit. This year, GG's Peñasquito site is set to produce 500K oz. of gold, making it Mexico's biggest gold mine and GG's most prolific.  [View news story]
    Silver mine
    Jul 18 11:08 AM | Likes Like |Link to Comment
  • Market fears may be reaching a crescendo, which, to contrarians at least, may wind up being good for stocks over the long run. In the most recent consumer confidence survey, the percentage of those who believe stock prices are going to fall shot up from 32.4% to 42.6%. This surge of pessimism is just what's needed, says Bespoke's Nadav Baum. "We're stuck in a trading range ... You need to get that pessimism on the retail side to get the market to break out."  [View news story]
    Well Said. Shadow derivatives = lotto ticket doesn't mean you win.
    dollar crushing.
    Jun 27 02:26 AM | 1 Like Like |Link to Comment
  • Morgan Stanley (MS) issues a statement on Moody's two-notch downgrade: "We believe the ratings still do not fully reflect the key strategic actions we have taken in recent years... With our de-risked balance sheet, stable sources of funding, diverse business mix and strong leadership team, we are well positioned to deliver for clients and shareholders."  [View news story]
    yeah...and a 2 liter of soda will be 10$
    Jun 21 07:13 PM | 2 Likes Like |Link to Comment
  • Don't look now, but MarketWatch's Rex Nutting says the U.S. debt load is getting better, not worse. It was excessive debt - both private and public - that caused the 2008 financial meltdown. Years later we're still de-leveraging, but it's not as bad as it seems. In the 11 quarters since the recession officially ended, total domestic debt rose by $702B - just 1.4%. By contrast, in the 11 quarters before the recession began, those bubble years of 2005 - 2007, total debt increased by $10.7T - or 28%.  [View news story]
    lie
    Jun 9 01:51 AM | Likes Like |Link to Comment
  • Don't look now, but MarketWatch's Rex Nutting says the U.S. debt load is getting better, not worse. It was excessive debt - both private and public - that caused the 2008 financial meltdown. Years later we're still de-leveraging, but it's not as bad as it seems. In the 11 quarters since the recession officially ended, total domestic debt rose by $702B - just 1.4%. By contrast, in the 11 quarters before the recession began, those bubble years of 2005 - 2007, total debt increased by $10.7T - or 28%.  [View news story]
    a lie ...is a lie.
    Jun 9 01:51 AM | 1 Like Like |Link to Comment
  • Yen bulls feel their oats, pressing bets despite official threats to take measures to weaken the currency. Focusing on the nominal value of the yen is misleading, say strategists. Persistent deflation means dollar/yen would have to fall to ¥55 (from ¥78 today) for the yen to equal its strength of the mid-90s. Meanwhile, the Topix is off 2.2% tonight - if it holds, it will be the lowest close in 3 decades.  [View news story]
    Say goodnight.
    The party's over.
    bummer....i was still drinkin.
    Jun 3 09:54 PM | Likes Like |Link to Comment
  • Greek bank deposits actually gained a bit during April, according to the Bank of Greece, rising to €166B from €165.4B. Of course, May is the month in question as the crisis was relatively quiescent in April, and the election was on May 6.  [View news story]
    Is the FED depositing phantom funds into greece too now?
    May 31 09:36 AM | Likes Like |Link to Comment
  • Gold is edging up this morning, but remains down more than 6% for the month - its worst May performance since a 10% drop in 1982. The bulls are waiting for a trigger, says David Jollie, whether it be QE or maybe a period of EU stability. Stability? We're losing track. Is stability supposed to be good or bad for gold?  [View news story]
    great idea...i have a feeling that noones gonna pay attention to the comex in the coming months.
    '
    May 31 09:24 AM | Likes Like |Link to Comment
  • The early departure of Bank of Spain Governor Ordonez is because of alleged "grave misconduct" in his handling of the Bankia bailout, says the head of a trade union whose lawsuit against Ordonez was allowed to move forward today by a judge. (via)  [View news story]
    You mean someone who's a decision makers got a conscious? Highly unlikely. They'll just give another trillion to leverage up to the banks. Declare the problem solved on their watch and ride off into the sunset with a huge bonus. Bonus= BONE US
    May 29 01:12 PM | Likes Like |Link to Comment
  • There's a good chance exchange controls are imposed in Europe's strongest (Switzerland) and weakest (Greece) countries in less than 2 weeks, writes Bruce Krasting, who believes the Swiss will move first. If these two go, he says, other countries will have to follow. (see the [[wild ride]] in the franc last week).  [View news story]
    Swiss pegged to the euro....thats not gonna make them stronger. Looks like someone sold the Swiss people downriver. Bummer. Wrong angle on information again.
    May 29 01:10 AM | 1 Like Like |Link to Comment
  • Market recap: Stocks snapped back sharply from lows after France's Hollande and Italy's Monti voiced support for euro bonds and the Fed's Kocherlakota said a fall off the fiscal cliff would argue for new QE. But the move could just as easily be explained by short covering after a period of weakness. Crude oil ended below $90 for the first time since October. NYSE gainers beat losers seven to six.  [View news story]
    no news...bad news.... last minute rally.....rigged.
    May 23 04:24 PM | 4 Likes Like |Link to Comment
  • JPMorgan is sued on behalf of its employees, accused of violating its duties to 401(k) and other retirement plan participants by including JPM as an investment choice and hiding the stock's risk. Also named in the suit are individuals, including Jamie Dimon and Ina Drew. Shares are finally getting a bounce today, +5.3%.  [View news story]
    figures....they arent looking out for anyone but themselves....who is themselves, they shafted their employees too. Scum.
    May 22 08:06 PM | Likes Like |Link to Comment
  • Jamie Dimon "couldn't breathe" when he saw the actual positions behind the $2B (and growing) CIO loss, according to an inside-baseball account. Dimon's risk-management instincts appear over time to have been dulled by the profits the unit was producing, leaving him unaware the CIO had morphed from a hedging outfit to one making big directional plays.  [View news story]
    Fictions the labor of making a dollar. Whats the value in that?
    May 19 12:08 AM | Likes Like |Link to Comment
  • Stocks are as oversold today as they were since the doom-and-gloom days of the financial crisis, says Bespoke's Paul Hickey. In total, 5 out of 10 S&P 500 sectors are now three standard deviations from their 50-day moving average. "This is as oversold as they have been at the lowest points," Hickey says. "We simply haven't gotten more oversold than this versus the 50-day."  [View news story]
    Ummm...maybe people are using that thing in between their ears and are choosing not to participate a rigged game.
    May 18 08:10 PM | 11 Likes Like |Link to Comment
COMMENTS STATS
74 Comments
67 Likes