Seeking Alpha

john crocker

john crocker
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Precious metals dive in wake of optimism over a possible debt deal, silver falling more than 2.5% in the minutes following President Obama's comments. It makes Cullen Roche want to bang his head against a wall. "Did people really buy silver thinking that the U.S. would go bankrupt?" SLV -2.9%, GLD -1.4%.  [View news story]
    I only listen to part of the Obama speech, but I heard nothing but the same BS he has been spinning. So why does the market think they are closer to a deal?
    Jul 19 03:31 PM | Likes Like |Link to Comment
  • By far the largest culprit behind Goldman's (GS -0.5%) lackluster Q2 results is the decline in the company's trading operations, with its revenues plunging 47% from Q1. Accompanying this decline is a diminished risk appetite, with the firm's "value at risk" on a given day falling to $101M, its lowest level since Q3 2006.  [View news story]
    I forgot to mention in my first posting, that if Goldman had not paid back all of the free money that the tax payer gave them ( they said they did not need) , then they would still be putting up those record numbers they were doing in 2009 & 2010.
    Jul 19 11:57 AM | Likes Like |Link to Comment
  • By far the largest culprit behind Goldman's (GS -0.5%) lackluster Q2 results is the decline in the company's trading operations, with its revenues plunging 47% from Q1. Accompanying this decline is a diminished risk appetite, with the firm's "value at risk" on a given day falling to $101M, its lowest level since Q3 2006.  [View news story]
    GS is down 47% in revenues and the stock is down a whapping 1%. I have been trading for over 10 years, and any other stock with those kind of numbers would have everybody that rates stocks out with a sell rating today. Wall Street has always controlled the game. This is a great example of why the retail investor is getting out of the game.
    Jul 19 10:49 AM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: -22K to 405K vs. 415K consensus. Continuing claims +15K to 3.73M.  [View news story]
    Wake up people. Any one who filed 2 years ago and before for unemployment have now fallen off the radar.Why doesn't the government post that number, then we can make a educated guess on which way the employment situation has gone.
    Jul 14 09:32 AM | 3 Likes Like |Link to Comment
  • The U.S. Treasury Department responds to the Moody's warning: "Moody’s assessment is a timely reminder of the need for Congress to move quickly to avoid defaulting on the country's obligations and agree upon a substantial deficit reduction package."  [View news story]
    We will still have the ability to pay our debt. The propaganda that is being used , is just that, propaganda. We may not be able to pay all of the free loader benefits though and that would be good for America. Americans need to go back to work ( any kind of job) to feed themselves and their families.
    Jul 13 06:31 PM | 2 Likes Like |Link to Comment
  • The U.S. Treasury Department responds to the Moody's warning: "Moody’s assessment is a timely reminder of the need for Congress to move quickly to avoid defaulting on the country's obligations and agree upon a substantial deficit reduction package."  [View news story]
    Maybe I am missing some here. If we raise our debt, it will be good for our rating? Can I get that deal at my bank, with my business loans?
    Wake up people, we need to continue to put pressure on Washington, by voting all of the long term politicians out of office. We need more support for the TEA PARTY!!!!!!!!!!!!
    Jul 13 05:48 PM | 3 Likes Like |Link to Comment
  • Stocks fly as Ben Bernanke preps for QE3, telling Congress the Fed is ready to act if the economy weakens. The dollar is getting hammered and commodities are popping. Watch live here.  [View news story]
    Once again the Fed is only concerned with the market. Show me where this QE3 will help create jobs. Will the Fed send the money toward helping small businesses or only to buy more wall street profit.
    This recession will go on for years. Will they continue to print money in each of those quarters too? Rich are getting richer and the middle class is going away.
    Jul 13 10:26 AM | 8 Likes Like |Link to Comment
  • Canaccord's T. Michael Walkley is reiterating his Buy rating on Apple (AAPL) and boosting his PT to $500 from $485. EPS estimates for FY2011 and FY2012 are also being lifted. Walkey's June channel checks indicated strong demand for the iPhone and iPad. This dovetails with Pacific Crest's report yesterday of strong iPhone demand.  [View news story]
    Good grief! How do these people have a job. He wants a average investor to risk their capital for a .03 % gain, so he can sell them his stock. This game is only for full time gamblers.
    Jul 8 09:32 AM | Likes Like |Link to Comment
  • April S&P Case-Shiller Home Price Index: 20-city index -4% Y/Y, the biggest drop since November 2009, -4% consensus, -3.8% in March. Home prices declined in 19 of the 20 metro areas tracked; Washington D.C. was the only market where home prices rose Y/Y. However, prices +0.7% from March for first M/M rise in eight months.  [View news story]
    If you looked back 20 years (30 years or even 40 years) and compare income to housing prices, you will see that we still have more down side before pricing is inline with incomes. We need to reach a point in this country again, where it takes years to become successful. Not a few months with a college degree and or excess credit.
    Jun 28 10:02 AM | 4 Likes Like |Link to Comment
  • "Everybody here knows that a Chinese company has 4 separate accounting books," says a local banker. Chris Rynning, chief of a Beijing PE firm, and once-burned himself, hires his own people to sit in the offices of his portfolio companies. "It's not whether (fraud) happens, but how you protect yourself against it."  [View news story]
    Why does our government agencies allow these companies to be traded in our markets? We put Martha Stewart in jail for selling her stock based on illegal info, but we do not stop the Chinese from issuing false info.
    Go Tea Party!
    Jun 28 09:32 AM | 2 Likes Like |Link to Comment
  • May Existing Home Sales: -3.8% to 4.81M vs. 4.79M expected, 5M prior (revised). Inventory of unsold homes -1% to 3.72M; months supply 9.3. Median sales price -4.6% Y/Y to $166,500. "Spiking gasoline prices along with widespread severe weather hurt house shopping in April, leading to soft figures for actual closings in May," NAR's Lawrence Yun says.  [View news story]
    The gov just announced another billion set aside to help people who are losing their homes. I have one question, will the people who are in trouble financially save this economy or will the people who are sound financially save the economy.

    Will someone ask our government leaders, if they give me 0 % to payoff my mortgage, I am more likely to spend more that the insolvent guy.

    Stop rewarding and subsidizing bad behavior and we will turn the economy around. Help the ones who can help all of us.
    Jun 21 10:18 AM | 4 Likes Like |Link to Comment
  • NFIB Small Business Optimism Index: -0.3 to 90.9, vs. -0.7 prior. It's the third consecutive month of decline in small business optimism, with 1 in 4 owners still reporting weak sales as their top business problem; "the index makes clear that optimism is moving in the wrong direction."  [View news story]
    I am a small business owner and this is what is going to happen if we do not get banks to make loans that relate to our businesses.

    We will continue to lay off more employees, stock less inventory,higher less employees, continue to burn through our cash reserves and we will then close our businesses. After we close our businesses, there will not be anyone to replace them, because the banks will not fund startups.

    The fools that are running this country are looking for a way to create jobs, send this message to them and they will find the solutions to solving the employment issuing this country is going through.

    One last recommendation. Give small business owners the same deal all the bailout companies received, almost free interest loans and see how much they will increase their inventories, which will cause a huge increase in manufacturing jobs.
    Jun 14 09:33 AM | 1 Like Like |Link to Comment
  • Another financial crisis is inevitable because the causes of the previous one haven’t been resolved, Templeton's Mark Mobius says. "Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes... Are the banks bigger than they were before? They’re bigger."  [View news story]
    Will someone explain to me why we are not discussing what happen to all of the trillions the banks have that caused the great recession. Just because the government decided that creative accounting was ok to use, what is that number now?
    May 31 10:40 AM | 1 Like Like |Link to Comment
  • Poor housing numbers, weak consumer spending trends - the list goes on, yet the markets move higher. Ignoring warning signs has been a time-honored tradition on Wall Street, with too many recent examples to list here. It's called the "see-over" trade, but others may see it as nothing more than an "I see nothing" trade.  [View news story]
    This is what happens when only a few companies are involved in a industry. When we had competition in the market(Retail buyers and sellers) the market would go up and down with news. Now the market is mainly being played by the big guys, so they have contol of the direction.
    May 27 12:03 PM | 2 Likes Like |Link to Comment
  • Worse-than-expected durable goods could lead to some trimming of Q2 growth forecasts. Even before the report, Goldman Sachs, following JPMorgan’s lead yesterday, had already cut back its forecast to 3% from 3.5%, saying it had underestimated the impact of Japan’s quake on the global supply chain, particularly for automakers.  [View news story]
    Why does the market go up when there is bad news? Because it is controlled by a few. The mfg numbers will be bad for many quarters going forward, but the market still goes up.

    The few companies and individuals that have made purchases are now out of the market for a while and the rest do not have funds to pick up the slack. More bad numbers coming!
    May 25 12:24 PM | Likes Like |Link to Comment
COMMENTS STATS
19 Comments
44 Likes