I didn't read thru the Carney article you linked yet, but I absolutely agree that the bond market gyrations are much more important than whatever is happening in the equity markets these days. And also that the bond market signals don't mean what they use to before Ben put his deflation fighting theories to the test.
The MSM is spinning the yield increases as being affirmation that the recovery is underway and people are moving out of treasuries back into equities. That doesn't bear even the most cursory of analysis: the Fed and Treasury desperately want to keep rates down; both to keep stimulating the credit and mortgage markets and to keep the burgeoning UST borrowing costs down. Also, why aren't we seeing increasing volumes in the equity markets?
Instead, these rising rates reflect increasing unease about the creditworthiness of the US Govt. And anyone holding US Treasury obligations ought to be uneasy. Foreign holders are moving en masse from the long end of the curve into the short end, which will continue to put upward pressure on long yields. Ben had his theories about effectively capping long term rates by "determined" commitment to buying up whatever supply was necessary to do that. I think our Chinese creditors have let him and Tim know that that game will not fly. Mr. Theory meet Mr. Reality
Counterpointer (profile) wrote (in reply to...) on Mon, 6/8/2009 - 9:14 pm edit reply Chainsaw - agree, mostly, but more important than bond signals not meaning what they used to are bond signals meaning precisely what they used to...
Benny and Timmayy might find this a might confusing since they've added a series of sonic booms of noise to the signal transmission. Too bad, chaps.
I'm sick of my mother vucking government constantly lying to me. What, do they think that the whole of the fluoridated masses can't figure out what is really going on? A large portion of us know exactly what is going on. That no good vucking piece if chit Obama since he took office is acting like a dictator and I'm am vucking fed up with it. This vucking chit in my country must stop! I'm vucking fed up with that BO president dictator of ours constantly lying to me. I'm sick of his chit!
" I was addressing equities and the pathos issues. Not what the law is.
If they are set to double their money, instead of coming out even, the "poor pensioners" are gaming the system to appear super pathetic, instead of admitting that what they want is
a fat profit."
My old civil court boss had a stock answer whenever he heard "It's not about the money, Judge", about once a month:
"Of course it's about the money. That's what you're asking for and that's all you can get here."
The first time I heard it I thought it was a little insensitive. But we don't have debtor's prisons. BK wipes out equity, whatever the equities. If the Indiana fund is gaming the system, then so is every other holder of a paper claim trying to enforce it through legal process.
In previous thread, adornosghost quoted a Congress-critter:
Forcing the closure of automobile dealers would have an especially devastating economic impact in rural communities, where dealers play an integral role in the community, provide essential services and serve as a critical economic engine;
And how does the dealership serve as an economic engine? That would be by charging way more than it pays for automobiles. Oops, I mean "That would have been by ....."
Thank God the Supreme Court told BO where the Vuck to go today or I would have really blown a gasket. BO don't run this country alone and I won't have his Chit in my country no more. The Supreme Court better do it's Vucking job and uphold the rule of law or so help me God.
Maybe there is only one gas meter for the whole complex.
That's what happened in some condos here with water.
Result: no conservations, water bills the size of the earth,
and for one condo, so far, turned off water, for a while.
And how do the dealers "provide essential services"? New Mercedes owners can order custom built, take delivery at the factory and drive to the ship, getting a free trip in the bargain.
@ Chainsaw (profile) wrote on Mon, 6/8/2009 - 6:10 pm
pigged...
km4,
That doesn't bear even the most cursory of analysis: the Fed and Treasury desperately want to keep rates down; both to keep stimulating the credit and mortgage markets and to keep the burgeoning UST borrowing costs down. Also, why aren't we seeing increasing volumes in the equity markets?
Bingo!...That's Obamanomics gambit in a nutshell and I think it's going to fail !
if the discerning posters on CR can easily see this why do you think Chinese students laughed at Timmy Geithner.
A warning for Democrats?
The right just won all across Europe, thanks to nationalism, populism and recession. It could happen here too.
By Michael Lind Democratic Party - Salon.com
I think Democratic strategists should be worried about the European election results. The Obama administration has inherited its third-way neoliberalism from Bill Clinton and Tony Blair. Notwithstanding Obama's personal popularity, a synthesis of internationalist idealism and deference to Wall Street is not a sustainable formula for governing during the most severe economic crisis since the 1930s. Nor was the same synthesis popular among American voters back in the Clinton era, when Clinton was only narrowly reelected while the Democrats lost Congress from 1994 to 2006. When the Democrats regained Congress in 2006, it was thanks in large part to the success of populists like Heath Shuler and Jim Webb, who ran left on economics and right on immigration.
The Republicans have been very shrewd in voting not only against the too-small stimulus but also against the Obama administration's expensive and ill-conceived bailout of America's zombie banks. If Larry Summers and Tim Geithner succeed in identifying the Democrats too closely with Wall Street, then the moribund Republicans might be revitalized as a vehicle for anti-establishment populism -- not Hitlerian, but Jacksonian. A Republican comeback might be helped further if Democrats seek to increase immigration at a time of mass unemployment.
If the European elections really do signal a trend, then both the right and left in the U.S. will have to consider what "Europe" symbolizes.
Hey I voted for Obama but what really pissed me off was him and his Wall St bought and paid for economic team putting all their chips on the Banking Oligarchs because they wanted to keep the 'bullshit American dream alive' with more of the same financial engineering and consumer spending ( 70% of GDP ) as continued key drivers for the debt laden ‘bubble’ US economy.
In short Obamanomics is where
1) The government champions funds
2) Funds champion corporations
3) Corporations champion markets and industries
4) The people ( American taxpayers ) get the tab
June 8 (Bloomberg) -- The Treasury is preparing to announce tomorrow it will let 10 banks buy back government shares, people familiar with the matter said, signaling confidence some of the largest U.S. lenders won’t again need a taxpayer rescue.
JPMorgan Chase & Co. is among those cleared to repay Troubled Asset Relief Program funds, a person said on condition of anonymity. Goldman Sachs Group Inc., American Express Co. and State Street Corp. are also among those that have sold shares and debt unguaranteed by the government, demonstrating they can raise funds without federal aid.
Rough crowd tonight. I'm celebrating personally, I got my loan mod, it will save me 300 bucks per month and I dont't have to worry about my ARM skyrocketing if the mortgage rates go spastic before August. I also just picked my first Better Boy tomato and two Early Girls...They are looking at me now, begging me to eat them.
"JPMorgan Chase & Co. is among those cleared to repay Troubled Asset Relief Program funds, a person said on condition of anonymity. Goldman Sachs Group Inc., American Express Co. and State Street Corp. are also among those that have sold shares and debt unguaranteed by the government, demonstrating they can raise funds without federal aid. "
How about a Vucking forensic audit of the companies who got money out the back door of Vucking AIG and have them pay back 80 cents on the dollar that they Vucking stole from the tax payer first. How do you like them apples Goldman Vucks.
//How about a Vucking forensic audit of the companies who got money out the back door of Vucking AIG and have them pay back 80 cents on the dollar that they Vucking stole from the tax payer first. How do you like them apples Goldman Vucks.//
June 8 (Bloomberg) -- When Pfizer Inc., the world’s largest drugmaker, decided to buy Wyeth last year, it didn’t turn to its usual advisers at Lazard Ltd. and Bear Stearns Cos. Instead, Pfizer executives called bankers at Goldman Sachs Group Inc. and JPMorgan Chase & Co.
The $65 billion takeover, this year’s largest, helped Wall Street’s top three merger advisers -- Morgan Stanley, which worked with Wyeth, Goldman Sachs and JPMorgan -- tighten their grip after the collapse of non-government credit markets and subsequent liquidity squeeze wiped out Bear Stearns, Lehman Brothers Holdings Inc. and Merrill Lynch & Co.
You develope a mechanism, on the market that tracks the front month contract, and the front month is ALWAYS in contango. Because the commodity story never, ever goes away. Then you splash a "What the Fuck is Money Crisis"..... then you short what anybody thinks is money. and ya hold it to Maturity.
-Fear never made anybody Too much money.
-Greeds barely paying off.
I'd be all for Jacksonian populism:
Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out. --Andrew Jackson
If only Obama had the balls to say that.
But the Republicans are even more in the palm of Wall Street.
how come the size of the names display differently on an iPhone? Sometimes a name is too small to read
It appears to be a rendering bug in their browser. I experience this myself. Perhaps because we use fractional point sizes for our font (a commonly recommended CSS approach).
All, I've figured out the ghost duplicate post problem, and am working on a fix. In the meantime, know that it happens when you edit your comments, so showing some restraint on perfectionism for a few days might be prudent.
The good news: after I'm done, edits will show up in autorefresh.
The Chinese Ministry of Industry and Information Technology plans to require that all personal computers sold in the country as of July 1 be shipped with software blocking access to certain Internet sites, the Wall Street Journal is reporting.
The software is called "Green Dam-Youth Escort." In China, "green" is said to refer to Internet use free from explicit adult materials and other illicit content.
While the Chinese government hasn't made the news public yet, the Journal reports that a May 19 Chinese government notice described the requirement as "constructing a green, healthy and harmonious Internet environment, and preventing harmful information on the Internet from influencing and poisoning young people."
lawyerliz (profile) wrote on Mon, 6/8/2009 - 8:31 pm
Oh, and Fla intends to use empty houses for hurricane shelters. Exactly how they
can do this, I don't know.
Hurricane shelters? With any luck, huricane targets. Nothing like a little creative destruction to stabilize house prices again, and better than killing people and rendering them homeless. I see a win-win. Go nature!
koop, have you taken the comment system to any "interested parties?"
what does it mean, really....in terms of 114 eyes, amongst 385 souls?
the comments are the most difficult and dangerous element of the virtual world....however, when the shadow abates to the light....reason and sound judgment occasionally appears.
There have been some comments about liquidity piling out of Ts back into equities. Not sure where this comes from. It could be inflationists' logic, that hedging against rate increases (inevitable if QE works, natch) and lower returns in the T market means back to equities in search of yield. (For the sake of argument, equities including ETFs, be they on PMs, commodities, etc). Well, usually Birinyi makes no sense to me, but the money flow data below is interesting - any "piling back into equities" story would only hold til mid-May, after which it eases off.
A well-timed, even sneak, CSC moment/comment would be excellent.
As would the ever-wanted Conjure comment(s) do the same.
Different ways to reach similar conclusions I guess. Then again I can't lurk around on West Coast time when all the good commenters and comments start appearing, and when I get home I'm trying to catch up!
I typically see it start at 3:30. Sometime it runs through the end of trading, sometimes it stops at 3:50. I find this very convenient when I want to unload something - put in a limit order at 3:00 and let the pump come to you.
Counterpointer (profile) wrote on Mon, 6/8/2009 - 10:32 pm reply Ignore user There have been some comments about liquidity piling out of Ts back into equities. Not sure where this comes from
Laszlo called a new bull market 2-3 weeks ago. His assoc. isn't on the same page. Sell off in 2 yrs. maybe China talking the talk and walking the walk
I'm not sure I follow... Gotta have a trade for a "buy" to happen.
But, ignore me (not literally). I'm just frustrated with the hockey stick saves we've had over the last several weeks. It's transparent enough now that I may start trading it... Which means it will stop and the markets will go down.
Ha, you thought 'earnings are negative guy' wasn't looking, didn't you!
Birinyi is the clown who provides the WSJ with the fabricated SP500 PE of 13.26.
If you write to the WSJ about this they will tell you it is operating earnings PE that they publish. you won't see this written anywhere near their number.
No, I am only a contributor and volunteer. Polsky is the main man, and occasionally I try to get him to push the competitive squash side more, but he runs a beautifully balanced program. They got lucky in that they raised the money in the fat years.
No, I am only a contributor and volunteer. Polsky is the main man, and occasionally I try to get him to push the competitive squash side more, but he runs a beautifully balanced program.
The American Right won't be able to come back until they actually act like Small Government Conservatives. The last administration was basically as spendthrift as the worst Democrats (till now anyway) and have the time seemed more like the Fascist party than the Grand Old Party
Functionally to win they have to figure some way to dump the Christian Right and the Neo Cons and the Corporate Staters and still have a coalition, oh and while they are at it balance the budget and ease the gape between rich and poor in the while getting the government our of peoples life and fixing the infrastructure
lawyerliz (profile) wrote on Mon, 6/8/2009 - 8:31 pm
Oh, and Fla intends to use empty houses for hurricane shelters. Exactly how they
can do this, I don't know.
Hurricane shelters? With any luck, huricane targets. Nothing like a little creative destruction to stabilize house prices again, and better than killing people and rendering them homeless. I see a win-win. Go nature!
Comrades, I believe that would be an answer to Engels "crisis of plethora".
Dumping the Christian Right will occur right after the demoKrats dump the religious left and the various and assorted junk science cults like the Gorebots and the "eternal life through chemistry" pill poppers.
n the basis of asset allocation, there was a large and, some would say, irrational move into Treasury notes back in summer and fall that continued through the first quarter. Money managers had bet on declining rates and got exactly that. Remember as rates drop bonds go up in price, and vice versa.
The'll be snapped up soon enough.
Condos? You want condos? Try Portland, Oregon. They got lots of condos.. . . err, I mean apartments for rent.
pigged...
km4,
I didn't read thru the Carney article you linked yet, but I absolutely agree that the bond market gyrations are much more important than whatever is happening in the equity markets these days. And also that the bond market signals don't mean what they use to before Ben put his deflation fighting theories to the test.
The MSM is spinning the yield increases as being affirmation that the recovery is underway and people are moving out of treasuries back into equities. That doesn't bear even the most cursory of analysis: the Fed and Treasury desperately want to keep rates down; both to keep stimulating the credit and mortgage markets and to keep the burgeoning UST borrowing costs down. Also, why aren't we seeing increasing volumes in the equity markets?
Instead, these rising rates reflect increasing unease about the creditworthiness of the US Govt. And anyone holding US Treasury obligations ought to be uneasy. Foreign holders are moving en masse from the long end of the curve into the short end, which will continue to put upward pressure on long yields. Ben had his theories about effectively capping long term rates by "determined" commitment to buying up whatever supply was necessary to do that. I think our Chinese creditors have let him and Tim know that that game will not fly.
Mr. Theory meet Mr. Reality
You can hear the Detroit River in the background.
"Loft Behind"
blame it on the trustafarians. i didn't realize how many people were one trust fund check away from losing everything.
So So Cal has the most to fall, because it went up the most.
Houses in SD used to be 2/3rds the price of comparable houses in L.A. back in the day...
Condos R 4 Walkaways.
Gas Meters R 4 Cloistures.
Vultures are for Carry-on, nothing to see here........
Thought bacon was on the way - repost:
Counterpointer (profile) wrote (in reply to...) on Mon, 6/8/2009 - 9:14 pm edit reply Chainsaw - agree, mostly, but more important than bond signals not meaning what they used to are bond signals meaning precisely what they used to...
Benny and Timmayy might find this a might confusing since they've added a series of sonic booms of noise to the signal transmission. Too bad, chaps.
C
No need for gas ...
Solar stoves ... the only way to go ...
Trussafarians: Home Flippers
I'm sick of my mother vucking government constantly lying to me. What, do they think that the whole of the fluoridated masses can't figure out what is really going on? A large portion of us know exactly what is going on. That no good vucking piece if chit Obama since he took office is acting like a dictator and I'm am vucking fed up with it. This vucking chit in my country must stop! I'm vucking fed up with that BO president dictator of ours constantly lying to me. I'm sick of his chit!
Chemtrail spill on aisle 4.
Couterpointer,
Agree that they do and don't mean what they used to. Good clarification.
Basel Too
"blame it on the trustafarians. i didn't realize how many people were one trust fund check away from losing everything."
~~~~
Could you expound on this ?
Our overseas comrades won't announce their intentions to avoid long bonds until they have shat them all out.
pre-pig post:
" I was addressing equities and the pathos issues. Not what the law is.
If they are set to double their money, instead of coming out even, the "poor pensioners" are gaming the system to appear super pathetic, instead of admitting that what they want is
a fat profit."
My old civil court boss had a stock answer whenever he heard "It's not about the money, Judge", about once a month:
"Of course it's about the money. That's what you're asking for and that's all you can get here."
The first time I heard it I thought it was a little insensitive. But we don't have debtor's prisons. BK wipes out equity, whatever the equities. If the Indiana fund is gaming the system, then so is every other holder of a paper claim trying to enforce it through legal process.
Juvie, you are tooooo much. You should be paid for this stuff.
I will bet South FLa's condo oversupply against anybody else's condo
oversupply, doubled, redoubled and in spades.
"Hey ... where are the gas meters?"
They special ordered ones that go to eleven.
What were they expecting?
In previous thread, adornosghost quoted a Congress-critter:
Forcing the closure of automobile dealers would have an especially devastating economic impact in rural communities, where dealers play an integral role in the community, provide essential services and serve as a critical economic engine;
And how does the dealership serve as an economic engine? That would be by charging way more than it pays for automobiles. Oops, I mean "That would have been by ....."
mmckinl:
Parental Lifelines, Frayed to Breaking - NY Times
liz,
I understand you have a full house over there, but So Cal's straight flush will beat you...
Thank God the Supreme Court told BO where the Vuck to go today or I would have really blown a gasket. BO don't run this country alone and I won't have his Chit in my country no more. The Supreme Court better do it's Vucking job and uphold the rule of law or so help me God.
Maybe there is only one gas meter for the whole complex.
That's what happened in some condos here with water.
Result: no conservations, water bills the size of the earth,
and for one condo, so far, turned off water, for a while.
Basel Too
Thanks !
If you must pseudo curse, for god's sakes stop saying 'vucking'
It's true that Cali's deficit beats ours hands down. But condos, nahhhh.
And how do the dealers "provide essential services"? New Mercedes owners can order custom built, take delivery at the factory and drive to the ship, getting a free trip in the bargain.
Nitey-nite.
Oh, and Fla intends to use empty houses for hurricane shelters. Exactly how they
can do this, I don't know.
Speaking of condos, apparently the sleuths over at the SEC finally solved a mystery:
WCI fake buyout rumor busted:
Yahoo! Message Boards -
Now that they have that under their belts, maybe they can move a bit higher up the chain, like investigating the crime syndicate over at Goldman.
They sponsor baseball teams.
ll,
"That's what happened in some condos here with water.
Result: no conservations, water bills the size of the earth,"
You don't get underwater standing on dry land....well unless you live in Phoenix or LV....
Didn't King Tiut's condo get foreclosed on?
Obviously a gas glut in SoCal... I think they got the tomb of tut with a Horizontal Drill...
Pseudo-cursing is for bot-patrolled pseudo-blogs. We have an intelligent life-force, motherf#cking CR. He can crack codes when he has to.
"Oh, and Fla intends to use empty houses for hurricane shelters. Exactly how they
can do this, I don't know."
Build a break water out of them?
yogi - thanks for the explanation, explains much.
C
@ Chainsaw (profile) wrote on Mon, 6/8/2009 - 6:10 pm
pigged...
km4,
That doesn't bear even the most cursory of analysis: the Fed and Treasury desperately want to keep rates down; both to keep stimulating the credit and mortgage markets and to keep the burgeoning UST borrowing costs down. Also, why aren't we seeing increasing volumes in the equity markets?
Bingo!...That's Obamanomics gambit in a nutshell and I think it's going to fail !
if the discerning posters on CR can easily see this why do you think Chinese students laughed at Timmy Geithner.
It's elementary my Dear Watson
Juvenal Delinquent telling the older guy to psudo-stop cursing, funny.
C- the UNG comment on the previous thread was regarding the Oct put contracts at 14 strike. (150k)
58M traded on avg volume 17M...somebody knows something.
I dont play options.
story is developing.
Righty-Tighty-Trogdolighty is so over, but some adherents didn't get the message.
"Oh, and Fla intends to use empty houses for hurricane shelters. Exactly how they
can do this, I don't know."
There won't be any hurricanes this year because of low sun activity and global cooling. No sun spots,
SpaceWeather.com: Spotless Days: The Sun Plunges into the Deepest Solar Minimum in a Century
A warning for Democrats?
The right just won all across Europe, thanks to nationalism, populism and recession. It could happen here too.
By Michael Lind
Democratic Party - Salon.com
I think Democratic strategists should be worried about the European election results. The Obama administration has inherited its third-way neoliberalism from Bill Clinton and Tony Blair. Notwithstanding Obama's personal popularity, a synthesis of internationalist idealism and deference to Wall Street is not a sustainable formula for governing during the most severe economic crisis since the 1930s. Nor was the same synthesis popular among American voters back in the Clinton era, when Clinton was only narrowly reelected while the Democrats lost Congress from 1994 to 2006. When the Democrats regained Congress in 2006, it was thanks in large part to the success of populists like Heath Shuler and Jim Webb, who ran left on economics and right on immigration.
The Republicans have been very shrewd in voting not only against the too-small stimulus but also against the Obama administration's expensive and ill-conceived bailout of America's zombie banks. If Larry Summers and Tim Geithner succeed in identifying the Democrats too closely with Wall Street, then the moribund Republicans might be revitalized as a vehicle for anti-establishment populism -- not Hitlerian, but Jacksonian. A Republican comeback might be helped further if Democrats seek to increase immigration at a time of mass unemployment.
If the European elections really do signal a trend, then both the right and left in the U.S. will have to consider what "Europe" symbolizes.
Hey I voted for Obama but what really pissed me off was him and his Wall St bought and paid for economic team putting all their chips on the Banking Oligarchs because they wanted to keep the 'bullshit American dream alive' with more of the same financial engineering and consumer spending ( 70% of GDP ) as continued key drivers for the debt laden ‘bubble’ US economy.
In short Obamanomics is where
1) The government champions funds
2) Funds champion corporations
3) Corporations champion markets and industries
4) The people ( American taxpayers ) get the tab
F*ck him !
RE: Portland OR
I just took the rail in to it. It makes downtown Diego look like childs play. Hundreds and hundreds of empty units. It's going to be a blood bath.
(Granted they are still building and building in DT Diego)
KCoop - how come the size of the names display differently on an iPhone? Sometimes a name is too small to read. TIA!!
U.S. Treasury Said to Plan Approving 10 Banks to Repay TARP
U.S. Said to Plan Approval Today for 10 Banks to Repay TARP - Bloomberg.com
By Robert Schmidt and Christine Harper
June 8 (Bloomberg) -- The Treasury is preparing to announce tomorrow it will let 10 banks buy back government shares, people familiar with the matter said, signaling confidence some of the largest U.S. lenders won’t again need a taxpayer rescue.
JPMorgan Chase & Co. is among those cleared to repay Troubled Asset Relief Program funds, a person said on condition of anonymity. Goldman Sachs Group Inc., American Express Co. and State Street Corp. are also among those that have sold shares and debt unguaranteed by the government, demonstrating they can raise funds without federal aid.
Lefty Righty
Smokey, was over the line....
mark it dude.
Rough crowd tonight. I'm celebrating personally, I got my loan mod, it will save me 300 bucks per month and I dont't have to worry about my ARM skyrocketing if the mortgage rates go spastic before August. I also just picked my first Better Boy tomato and two Early Girls...They are looking at me now, begging me to eat them.
the dude abides.
Congrats Kristina. Send the early girls over here.
"JPMorgan Chase & Co. is among those cleared to repay Troubled Asset Relief Program funds, a person said on condition of anonymity. Goldman Sachs Group Inc., American Express Co. and State Street Corp. are also among those that have sold shares and debt unguaranteed by the government, demonstrating they can raise funds without federal aid. "
How about a Vucking forensic audit of the companies who got money out the back door of Vucking AIG and have them pay back 80 cents on the dollar that they Vucking stole from the tax payer first. How do you like them apples Goldman Vucks.
Voaming at the mouth is no way to go through life.
Guillotines not audits.
//How about a Vucking forensic audit of the companies who got money out the back door of Vucking AIG and have them pay back 80 cents on the dollar that they Vucking stole from the tax payer first. How do you like them apples Goldman Vucks.//
Why are we still trying to resurrect the dead?
Wall Street M&A Winners Led by Morgan Stanley (Update1)
Wall Street M&A Winners Led by Morgan Stanley (Update1) - Bloomberg.com
By Christine Harper and Zachary R. Mider
June 8 (Bloomberg) -- When Pfizer Inc., the world’s largest drugmaker, decided to buy Wyeth last year, it didn’t turn to its usual advisers at Lazard Ltd. and Bear Stearns Cos. Instead, Pfizer executives called bankers at Goldman Sachs Group Inc. and JPMorgan Chase & Co.
The $65 billion takeover, this year’s largest, helped Wall Street’s top three merger advisers -- Morgan Stanley, which worked with Wyeth, Goldman Sachs and JPMorgan -- tighten their grip after the collapse of non-government credit markets and subsequent liquidity squeeze wiped out Bear Stearns, Lehman Brothers Holdings Inc. and Merrill Lynch & Co.
Here's how ya skin the speculators.
You develope a mechanism, on the market that tracks the front month contract, and the front month is ALWAYS in contango. Because the commodity story never, ever goes away. Then you splash a "What the Fuck is Money Crisis"..... then you short what anybody thinks is money. and ya hold it to Maturity.
-Fear never made anybody Too much money.
-Greeds barely paying off.
@Juvenal Delinquent No Voaming at the mouth for me ( because life is good ) but just calling the kettle black !
Bear and Merrill are alive and well. Bear gotton on the cheap, Merrill, not so much. What dolt wrote that article?
JD LMAO....
I don't need to gussy up my swear words, but then again I rarely use them...
shroud of turnin off the filter?
"Voaming at the mouth is no way to go through life."
This guy would disagree;
YouTube - I'M BACK
Some cracker that takes 40 whacks at his own property in a disheveled room is not for me, sorry.
"I don't need to gussy up my swear words, but then again I rarely use them... "
I have not used a single Vucking swear word tonight so far as per CR's request.
I'd be all for Jacksonian populism:
Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out. --Andrew Jackson
If only Obama had the balls to say that.
But the Republicans are even more in the palm of Wall Street.
"Some cracker that takes 40 whacks at his own property in a disheveled room is not for me, sorry."
Actually, people mail him the stuff to smash up. I Kinda think it adds emphasis to what he has to say.
how come the size of the names display differently on an iPhone? Sometimes a name is too small to read
It appears to be a rendering bug in their browser. I experience this myself. Perhaps because we use fractional point sizes for our font (a commonly recommended CSS approach).
Destroying stuff because you are angry is no way to go through life.
how come the size of the names display differently on an iPhone? Sometimes a name is too small to read
I DoN'T notice ANY Difference.O.
For Shadow:
This is the program I mentioned a while ago:
Using Squash Court to Put Youths on Road to College - NY Times
Juvenal Delinquent (profile) wrote on Mon, 6/8/2009 - 8:23 pm
Chemtrail spill on aisle 4.
Sorry, American public, that was a Chemtrial and you failed!
All, I've figured out the ghost duplicate post problem, and am working on a fix. In the meantime, know that it happens when you edit your comments, so showing some restraint on perfectionism for a few days might be prudent.
The good news: after I'm done, edits will show up in autorefresh.
The Hermitage is right close to my abode, for you Jacksonians out there...
"Destroying stuff because you are angry is no way to go through life."
Fat, drunk, and stupid is no way to go through life son.
It's not the words that are junk, it's the prejudice.
Even with all our problems China is definitely more screwed up !
China Tells PC Makers to Install Censoring Software - Desktops and Notebooks from eWeek
The Chinese Ministry of Industry and Information Technology plans to require that all personal computers sold in the country as of July 1 be shipped with software blocking access to certain Internet sites, the Wall Street Journal is reporting.
The software is called "Green Dam-Youth Escort." In China, "green" is said to refer to Internet use free from explicit adult materials and other illicit content.
While the Chinese government hasn't made the news public yet, the Journal reports that a May 19 Chinese government notice described the requirement as "constructing a green, healthy and harmonious Internet environment, and preventing harmful information on the Internet from influencing and poisoning young people."
lawyerliz (profile) wrote on Mon, 6/8/2009 - 8:31 pm
Oh, and Fla intends to use empty houses for hurricane shelters. Exactly how they
can do this, I don't know.
Hurricane shelters? With any luck, huricane targets. Nothing like a little creative destruction to stabilize house prices again, and better than killing people and rendering them homeless. I see a win-win. Go nature!
Oh yeah, the beno itch he referred to was a bit off color, but if the shoe fits.....
They had to shut the gas off -- too many buyers were sticking their heads in their ovens.
koop, have you taken the comment system to any "interested parties?"
what does it mean, really....in terms of 114 eyes, amongst 385 souls?
the comments are the most difficult and dangerous element of the virtual world....however, when the shadow abates to the light....reason and sound judgment occasionally appears.
Ken - thanks.
JD - he actually has a few videos with his family. Seems to be a pretty relaxed dude
Odd I know.
No way, lunacy and leinenkugel are back?
Calling CSC on a public saxomophone.
Michael. I disagree, man. I disagree.
There have been some comments about liquidity piling out of Ts back into equities. Not sure where this comes from. It could be inflationists' logic, that hedging against rate increases (inevitable if QE works, natch) and lower returns in the T market means back to equities in search of yield. (For the sake of argument, equities including ETFs, be they on PMs, commodities, etc). Well, usually Birinyi makes no sense to me, but the money flow data below is interesting - any "piling back into equities" story would only hold til mid-May, after which it eases off.
Bloomberg.com
C
/edit - yogi - try whisper-ma-phone, for the secrets he tells are for ...
A well-timed, even sneak, CSC moment/comment would be excellent.
As would the ever-wanted Conjure comment(s) do the same.
Different ways to reach similar conclusions I guess. Then again I can't lurk around on West Coast time when all the good commenters and comments start appearing, and when I get home I'm trying to catch up!
C, it appears that the money flows back into equities all at once at around 350p everyday.
Counterpointer,
Do Birinyi's number account for trading seasonality?
I'm curious because of the "Sell in May and go away" discussions that were rife this year.
Rocky - erm, I'll take your point if it's "trades", but not "buys".
C
It's more of a late-timed run on things, depending upon which news sources you frequent.
I'm going with the one(s) showing me charts of the pumps/dumps going on, and I hardly have two pennies in the game as far as it goes.
I typically see it start at 3:30. Sometime it runs through the end of trading, sometimes it stops at 3:50. I find this very convenient when I want to unload something - put in a limit order at 3:00 and let the pump come to you.
i was a skeptic before but large blocks of futures buying late in the day could only be the PPT.
The huge dump the S&P will take when the herd decides to sell will be monumental.
Yogi - that's an interesting program - seems to have lit the spark in those kids... Is your real name in that article?
Counterpointer (profile) wrote on Mon, 6/8/2009 - 10:32 pm reply Ignore user There have been some comments about liquidity piling out of Ts back into equities. Not sure where this comes from
Laszlo called a new bull market 2-3 weeks ago. His assoc. isn't on the same page. Sell off in 2 yrs. maybe China talking the talk and walking the walk
C,
I'm not sure I follow... Gotta have a trade for a "buy" to happen.
But, ignore me (not literally). I'm just frustrated with the hockey stick saves we've had over the last several weeks. It's transparent enough now that I may start trading it... Which means it will stop and the markets will go down.
So the PPT "wanted" the drops in Sept, Oct,Nov, Jan, and Feb. If I knew their agenda, it might make sense.
Ha, you thought 'earnings are negative guy' wasn't looking, didn't you!
Birinyi is the clown who provides the WSJ with the fabricated SP500 PE of 13.26.
If you write to the WSJ about this they will tell you it is operating earnings PE that they publish. you won't see this written anywhere near their number.
P/Es & Yields on Major Indexes - Markets Data Center - WSJ.com
If you write to them and tell them in that case they have it wrong too they will tell you it is up to Birinyi what they count as operating earnings.
404 - PAGE NOT FOUND
The real trailing 12 month SP500 PE is, drum roll folks, 130.
130.
soon to be a negative number.
Barron's Market Lab Table - Barrons.com
So the PPT "wanted" the drops in Sept, Oct,Nov, Jan, and Feb. If I knew their agenda, it might make sense.
The Market was pumped for capital raises by the banks. Eventually the FED will not be able to fight the selling pressure.
No, I am only a contributor and volunteer. Polsky is the main man, and occasionally I try to get him to push the competitive squash side more, but he runs a beautifully balanced program. They got lucky in that they raised the money in the fat years.
No, I am only a contributor and volunteer. Polsky is the main man, and occasionally I try to get him to push the competitive squash side more, but he runs a beautifully balanced program.
Laszlo Birinyi recommends Goldman Sachs... Clown city indeed !
Like I said, Birinyi usually makes no sense to me.
The other point was that not all trades are buys. There's the other kind, whatever it's called.
C
Do not worry about gas metter. It is all green shoots
The American Right won't be able to come back until they actually act like Small Government Conservatives. The last administration was basically as spendthrift as the worst Democrats (till now anyway) and have the time seemed more like the Fascist party than the Grand Old Party
Functionally to win they have to figure some way to dump the Christian Right and the Neo Cons and the Corporate Staters and still have a coalition, oh and while they are at it balance the budget and ease the gape between rich and poor in the while getting the government our of peoples life and fixing the infrastructure
lawyerliz (profile) wrote on Mon, 6/8/2009 - 8:31 pm
Oh, and Fla intends to use empty houses for hurricane shelters. Exactly how they
can do this, I don't know.
Hurricane shelters? With any luck, huricane targets. Nothing like a little creative destruction to stabilize house prices again, and better than killing people and rendering them homeless. I see a win-win. Go nature!
Comrades, I believe that would be an answer to Engels "crisis of plethora".
Tell that to the "annointed one" as he smashes up the constitution and the economy.
Dumping the Christian Right will occur right after the demoKrats dump the religious left and the various and assorted junk science cults like the Gorebots and the "eternal life through chemistry" pill poppers.
n the basis of asset allocation, there was a large and, some would say, irrational move into Treasury notes back in summer and fall that continued through the first quarter. Money managers had bet on declining rates and got exactly that. Remember as rates drop bonds go up in price, and vice versa.
good read, folks interesting finance articles</a