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torahislife

torahislife
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  • More on Draghi: The video showing the comments that set the markets on fire this morning. Sober Look notes the short euro trade was a highly crowded one and just needed a trigger to reverse. "There are not many bullets in Draghi's gun, and threatening to do something major was one of them." Now he needs to follow through.  [View news story]
    Bullets wont help. Draghi needs body armor.
    Jul 26 10:08 AM | Likes Like |Link to Comment
  • June New Home Sales: 350K vs. 370K expected, 382K (revised) prior.  [View news story]
    Housing recovery Obama style!
    Jul 25 10:09 AM | 3 Likes Like |Link to Comment
  • Apple (AAPL): FQ3 EPS of $9.32 misses by $1.04. Revenue of $35B (+22% Y/Y) misses by $2.5B. 26M iPhones sold, 17M iPads, 4M Macs. Shares -5.5% AH. (PR).  [View news story]
    there goes the NASDQ
    Jul 24 04:38 PM | 1 Like Like |Link to Comment
  • Market recap: Stocks pared early losses but still fell sharply as Spanish and Italian 10-year yields each spiked close to 20 basis points and the countries announced short-selling bans. Reports also suggested Greece may see aid cut off if it doesn't meet its commitments. Energy stocks sank as crude oil slid 4%; Treasury yields all along the curve hit new lows. NYSE losers led winners nearly four to one.  [View news story]
    By the way there's been no news worthy events over the past few weeks to justify such a ridiculous jump in prices.
    Jul 23 07:27 PM | Likes Like |Link to Comment
  • Entrepreneurs and business owners take note, President Obama says: "If you've got a business - you didn't build that. Somebody else made that happen." The comment, made at a speech the President gave at an appearance in Roanoke, Virginia recently, has gone viral, with the internet swamped with images of the President telling innovators such as the Wright Brothers, Thomas Edison, Steve Jobs and others "they didn't build that." Kevin Costner's famous line in "Field of Dreams," parodies Obama: "If you build it... we'll still say you didn't really build it."  [View news story]
    Not from my village. Not even from my country.
    Jul 18 04:48 PM | Likes Like |Link to Comment
  • Entrepreneurs and business owners take note, President Obama says: "If you've got a business - you didn't build that. Somebody else made that happen." The comment, made at a speech the President gave at an appearance in Roanoke, Virginia recently, has gone viral, with the internet swamped with images of the President telling innovators such as the Wright Brothers, Thomas Edison, Steve Jobs and others "they didn't build that." Kevin Costner's famous line in "Field of Dreams," parodies Obama: "If you build it... we'll still say you didn't really build it."  [View news story]
    Don't blame Obama. He's the victim of affirmative action. Poor dope believes government hands out everything to everyone. What do you expect from a guy who gets a Nobel Peace Prize for just showing up?
    Jul 18 04:14 PM | 3 Likes Like |Link to Comment
  • Bernanke Q&A: The Chairman admits to a "theoretical limit" on QE, noting if the Fed owns too much Treasury and agency debt, it would "greatly reduce market functioning." The Fed has yet to hit that point, he adds. There's always stocks!  [View news story]
    Its all theoretical. Bernanke warned we're in "unchartered territory". His protracted path to insolvency still ends the same bad way.
    Jul 18 03:22 PM | 1 Like Like |Link to Comment
  • Market recap: Stocks held near session highs, erasing early losses after investors chose to put the best face on Bernanke's testimony suggesting the Fed was "ready to act" if necessary, but details were few and far between. Among earnings, Coke and Goldman topped expectations. Crude oil ended at a seven-week high; Treasury yields bounced off near-record lows. NYSE gainers beat losers seven to six.  [View news story]
    Gamblers. Not "investors"
    Jul 17 04:18 PM | 3 Likes Like |Link to Comment
  • Expect Another Smackdown In Gold And Equities In Response To Bernanke's Testimony [View article]
    Food, ammo, medicine will be the new gold. Buy now while it's cheap.
    Jul 17 01:10 PM | 1 Like Like |Link to Comment
  • Stocks turn red as Bernanke's prepared remarks seem to put the onus for stimulus more on Congress rather than additional candy from the Fed. S&P 500 -0.3%, about a 1% reversal from the open.  [View news story]
    Schumer demanding "get to work Mr. Chairman!" sounded more like a raging face eating junkie than a pathetic beat-down addict.

    QE is worse than bath salts.
    Jul 17 11:08 AM | Likes Like |Link to Comment
  • Stocks turn red as Bernanke's prepared remarks seem to put the onus for stimulus more on Congress rather than additional candy from the Fed. S&P 500 -0.3%, about a 1% reversal from the open.  [View news story]
    Ben's not looking to be the next guy our affirmative action prez blames all his inherited problems on nor will he sacrifice the Fed for Obama's "recovery". Fed is done bailing out this lame administration.
    Jul 17 10:29 AM | 3 Likes Like |Link to Comment
  • 10-Year Treasuries Telling A Much Scarier Story Than Stocks [View article]
    Good article. Global macro picture has tremendous downward momentum that ultimately has it's way. Central banks have merely deferred, NOT corrected, requisite alignment stock prices. A normal market free of manipulation would be seeing historical lows about now.
    Jul 16 03:35 PM | 2 Likes Like |Link to Comment
  • Market recap: Another late session rally helped stocks close off their worst levels. Nevertheless, it's a 5th straight losing session for the Dow, now off about 3% since July 4. Everyone will read what they want into the FOMC minutes, but the cut in inflation forecasts certainly opens the door for more Fed ease should things deteriorate further. The Treasury auctioned $21B in 10-year notes at the record-low yield of 1.459%.  [View news story]
    Machines executing algorithms termed "late session rally"? Thinking humans aren't buying this lame market or this embicilic headline.
    Jul 11 04:32 PM | 1 Like Like |Link to Comment
  • May Consumer Credit: +$17.1B vs. +$8.5B expected and $10.0B prior (revised). The month saw the biggest jump in consumer credit since December. Non-revolving debt (student loans, car and personal loans) up $9.1B, while revolving debt (credit cards) increased $8.0B.  [View news story]
    Not good. Consumer borrowing is neither sign of growth or confidence in stagnant economy. This is borrowing to pay the bills.
    Jul 9 04:00 PM | 4 Likes Like |Link to Comment
  • Weak jobs data increase the likelihood of Fed action, but don't ensure it, according to Fed-whisperer Jon Hilsenrath (via). Some officials are interested in mortgage bond purchases, but the FOMC hawks want to reserve action for more serious threats, he reports. Stocks come off the lows, the S&P 500 -1.1%.  [View news story]
    QE pant pant pant. Predictable and pathetic
    Jul 6 03:41 PM | 1 Like Like |Link to Comment
COMMENTS STATS
400 Comments
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