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torahislife

torahislife
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  • Greece's new coalition government could already be on a collision course with its Troika overlords after yesterday proposing to extend the country's "fiscal adjustment period" by at least 2 years to 2016. Greece also wants to scrap plans to cut 150K public sector jobs, slash VAT on food, and provide unemployment benefits for 2 years instead of 1.  [View news story]
    I'll indulge you. Bible is all about making responsible choices that will repair our messed up world (tikkun olam).

    Christian New Testament "thieves, nor greedy, nor drunkards, nor revilers, nor cheaters, will inherit the kingdom of G-d." (1 Cor 6:10)

    TANAKH (Old Testament) 15“You shall not steal.
    16“You shall not bear false witness against your neighbor. 17“You shall not covet your neighbor’s house; you shall not covet your neighbor’s wife or his male servant or his female servant or his ox or his donkey or anything that belongs to your neighbor.”
    (Exodus 20:15-17)

    Wallstreet and Washington DC and all who love this system need to return to G-d and quit stealing from each other and us.
    Jun 24 01:29 PM | 4 Likes Like |Link to Comment
  • Market recap: Stocks and commodities were whacked after a morning burst of data painted a darkening picture of the U.S. economy (I, II, III), which triggered a Goldman short call, amid expectations of ratings downgrades for several big banks - and all with no Fed riding to the rescue for now. Crude oil fell below $80 for the first time this year; energy stocks were crushed. NYSE losers led winners four to one.  [View news story]
    Today the addict lost his hopium stash and freaked. Better find some hopium quick before DT siezures start.
    Jun 21 07:18 PM | Likes Like |Link to Comment
  • Europe screams higher into the close, apparently helped by some confusion over credit rating reform coming out of Brussels (with Bloomberg mistakenly running a headline that the EU is scrapping ratings, real story here). Stoxx 50 +1.9%, led by Milan +3.2%. The euro +1% to $1.2700.  [View news story]
    mistakenly? LOL
    Jun 19 11:28 AM | Likes Like |Link to Comment
  • With the Greek elections behind us and low expectations for the coming G-20 meeting in Mexico, the start of the Fed's two-day meeting is all that's keeping stocks afloat right now, observes Miller Tabak's Peter Boockvar. "Fundamentally, the market belongs much lower," Boockvar says, but everybody thinks the Fed "will pull something else out of its hat.”  [View news story]
    Scottie, beam captainkirk up. Wrong planet and market.
    Jun 19 02:16 AM | 1 Like Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    If morality is not a factor you are right and I see why this is giong right over your head. Eat, drink, be merry, and grope your patient so long as she draws breath in her suffering...
    Jun 18 12:58 PM | Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    Call it what you want Doc. Your sick patient begs for more injections or she slips away. You're entertained by taunting her with rumors of relief if it will make you one more dollar. The abuse continues for 4-5 years on patient that can no longer survive on her own without your injections. You liken this to a doctor healing a patient. The medical profession calls it criminal malpractice.
    Jun 18 10:57 AM | Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    Crack pushers are now "doctors"... explains the spirit destroying our markets. All for an extra buck today.
    Jun 18 09:44 AM | Likes Like |Link to Comment
  • Europe hits session lows, the Stoxx 50 -1% as Spanish government debt goes bidless, the 2-year note +46 bps to 5.46%, the 10-year +32 bps to 7.19%. Madrid and Milan equity indexes lead the decline, each down more than 2%. S&P futures -0.5%. Remember JPMorgan's call for a 2% gain in the S&P upon a New Democracy victory? Well, there's still a chance.  [View news story]
    and there's a chance Obama will endorse Romney
    Jun 18 08:57 AM | 5 Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    Action is needed by the central banks? And that will do what? Crack addict whores are not cured by handing them more crack. Yes you'll make another dollar for another day, but you'll kill your whore and end up broke. Both have it coming...
    Jun 18 08:44 AM | Likes Like |Link to Comment
  • The Eurogroup gives its thumbs up to the election result and "looks forward to the swift formation of a new Greek government that will take ownership of the adjustment program to which Greece and the Eurogroup earlier this year committed themselves." The Troika is expected to return to Athens upon formation of the new government to "exchange views" on the way forward. (full statement, .pdf)  [View news story]
    Looks like you haven't noticed Bloomberg channel replays the same tape of same talking heads saying same thing 24x7...
    Jun 17 09:35 PM | Likes Like |Link to Comment
  • Marc Faber thinks the final outcome of the Greek elections will be that the Greeks will decide not to leave the eurozone, and the problems will just be postponed because they won't implement the austerity measures expected of them. There will be a breakup over time, but, more than likely, it will be Germany that will become frustrated and eventually exit the eurozone themselves. (video)  [View news story]
    Good point. Sounds like Greeks are running our markets here too.
    Jun 15 10:18 PM | 2 Likes Like |Link to Comment
  • More on the U.K. "funding for lending" scheme: "The case for a further monetary ease is growing," says BoE Governor King. The plan he describes sounds like a U.K. version of the LTRO, where banks would receive cheap loans (against a wide range of collateral) with a maturity measured in years. Unlike the EU - where it was assumed the banks would use the funding to buy sovereign debt - U.K. banks will be expected to make loans into the economy. (full speech)  [View news story]
    I think it's a typo. They meant "scam".
    Jun 14 05:53 PM | 1 Like Like |Link to Comment
  • More on England's intervention: The BoE and U.K. Exchequer look to "inject confidence" into the financial system with billions of pounds of cheap credit - provided that banks increase lending to households and smaller companies. The move's being sold as more of an aid to the "real economy," compared with QE bond-buying, where banks were criticized for sitting on the proceeds.  [View news story]
    Brilliant plan. Households and businesses are paying down debt at a record rate.
    Jun 14 04:23 PM | 3 Likes Like |Link to Comment
  • They're coming in fast now. The Bank of England has been given the okay to activate unused emergency liquidity facilities for banks to use if market conditions deteriorate, reports Dow Jones.  [View news story]
    I smell crisis.
    Jun 14 04:06 PM | Likes Like |Link to Comment
  • Market recap: Stocks pushed to session highs as dovish comments from the Fed's Evans offset worries about Spain’s banking system. Today's move wiped out yesterday's losses, and volatile trading likely will continue ahead of Greece's key election this weekend. Crude oil rose for the first time in four sessions. NYSE gainers led losers nearly three to one.  [View news story]
    Deja vu of last Friday. Forget about finding a reason. Imagine how we could squeeze a market dry if given unlimited free Fed funding plus superior HFT technology.
    Jun 12 05:06 PM | Likes Like |Link to Comment
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