Wall St. to Taxpayers: 'Thanks for the Bailouts, Have Some Higher Fees'
Banks take taxpayer money, and then raise rates/fees so we essentially get billed twice. Wow...the people orchastrating this fraud should be in the same cell as Maddoff.
Financial Crisis, : and the Winner Is… GOLDMAN SACHS
Doesn't come as much of a surprise since they probably orchastrated everything to begin with. Why else is their stock at $140 when Citi is at $3?
Good article.
Pros Say: Economy Bounce Coming In Next Few Months
Yay happy days are here again. Nevermind people can't find jobs, unemployment is double digits, and gas & food prices are surging. These 'green shoots' are made of plastic.
Technical Analysis: Oil prices holding firm
Yup...oil is gonnatake a stab at $80 soon.
Good summary about how EMH is still relevant and how it can be applied.
'Right Here, Right Now': The Promise of Tech Has Arrived, Garnick Says
I guess happy days are here again. Now I get it! Who needs stuff like employment when iphones, google click ads, NASDAQ, and blackberries will save the economy? Awesome. /sarcasm
Not surprisingly, the stock market chooses to igore this news, just like when the first housing bubble began in burst in 2006-2007.
Hard Out Here for a Stocks, Bonds and Commodities Bear
Agree. We undergoing a slow unwinding process after 25-year liquidity/debt/consumption binge.
Art Cashin: Markets Are Staggering
When ever one of these imbecilic CNBC NYSE pundits pontificates about how the market is 'weak' or 'rangebound' lo and behold it surges. The DJIA gained 170 points after Art made his statement. I'm sure you can make a trading system out of this observation.
YOU CAN'T BORROW YOUR WAY OUT OF DEBT
Another masterpice of writing from James Quinn.
'Rock Star' Ben Bernanke Holds Up Under Congressional Fire
It doesn't hurt when congress consists of quislings who are silent regarding Bernanke's motivation to inflate another housing and financial bubble. Ben is less of a 'rock star' and more of a patsy/enabler to the liquidity addicted financial elite.
Nevermind double digit unemployment, record deficits, consumer deleveraging, and gloabl recession...
US Markets Can Continue to Rally
I concur. The SPX could eventually top out as high as 1250 before the next plunge.
Don't Give Up on Oil Stocks as Markets Rebound
Um...considering that oil and stocks have traded in lockstep since 2002, why would you give up on oil if you're bullish on stocks?
On the flip side, this could also be viewed as a contrarian signal. The last time there was chatter of a Facebook IPO was when the market peaked on October 2007...
Why Isn't The Stimulus Stimulating?
The stimulus was doomed from the start due to an obvious lack so 'stimulative' measures, as was pointed out by republicans and a few brave democrats.
The Coming Great Inflation Will Destroy America’s Economic Leadership
I've seen this graph many times. Long term, we'll see deflation as the fed's efforts to prop up the economy prove futile. Deflation is much rarer than inflation, and far more onerous.
Considering the fed can conjure hundreds of billions out of thin air via the printing presses, a one-time loss of $181 billion just doesn't seem like a big deal.
Moving averages expose cracks in rally
Despite being a bear, I would take this with a huge grain of salt. Moving averages tend to be of little predictive value becuase a break below/above can often be a fakeout. Since moving averages on major indexes are so widely watched funds set up artificial 'breakdowns' to squeeze retail shorters, as was the case yesterday.
Um yea...people are saving more, but yields on oney market accounts are at rock bottom. As usual, the fed & administration is punishng savers.
Anyone Have a Good Feeling About the Next Employment Report?
Yea...but who needs jobs when you can just buy stocks? 11% unemployment? According to CNBC and Fox Business News it's called 'jobless recovery' /sarcasm
So what about those 'lessons' that were supossed to be learned? That turned out to be a huge joke. No lessons were learned because everyone got bailed out (except middle America who is paying though surging energy & food prices).
I see busllish opportunities, too, but they aren't long term ones. Treat the rally as a trade, not an investment opportunity.
Gas Prices by Goldman Sachs
Agree. The financial elite want credit card fees, food and gas to surge so that the American people are too indebted to notice that their republic is being eroded.
Is it the end of US dollar power?
I agree that the dollar will hold, but only in the long term. For now, the dollar stil has much further to fall as risk returns to the market.
The 'stimulus package': at what price?
The trust of the American people...that's the price.
Obama Kicks off Immigration Reform Talks
lol kinda like that so called 'financial reform' he promised? Can we trust anything Obama says? Nope.
Good article. Interesting political factoids.
Bernanke vs. Buffett: Who's Right on the Economy?
What they have in common is they are are contributing to the problem, rather than fixing it. Hey, Buffett, if you think the economy stinks why not go buy some dollars, huh?
The caveat is that once the stimulsu runs out, look out below. Remember the 2008 George W. Bush stimulus? How well did that work?
Friday Outlook: House of Games
No offense, but Mr. Fry kinda sounds like a sore loser who's on the wrong side of the trade. I'm a bear, but would never short now. Too much bullish price action. I'm sticking with a target of 1150-1250 on the SPX before the next shoe drops.
But there is no recovery. Any purchases should be treated as a trade, not an investment.
Contrarian green shoots
I agree that the rally has further to go based on herd mentality, but those green shoots are an illusion.
Federal Reserve: Same old sheriff on Wall St
Agree Good video.
Art Cashin: Markets Are Staggering
When ever one of these CNBC NYSE pundits pontificates about how the market is 'weak' or 'rangebound' lo and behold it surges. The DJIA gained 170 points after Art made his statement. I'm sure you can make a trading system out of this observation.
EUR/USD Technical Analysis - June 26, 2009
Brief analysis of EUR/USD relation.
Daily Currency Forecasts: Euro Likely to Strengthen Against Dollar
Agree...dollar is doomed in the short to medium term. Long Euro is a good trade.
In short: No. Bing is virtually identical to microsoft Live and the countless other incarnations of MSN search.
U.S. Financial System, The Audacity of CHANGE (Part 1)
Agree. Obama is clueless, the fed & Wall Street is corrupt, the mainstream media is spreading false hope, and the green shoots are wilting.