I cannot argue with prices thus made two profitable trades in the am. long NQ and short AUD.
However i would like to caution that the rosy data does not address the falling labor participation rate.
i guess the cure-all is everyone buys facebook shares on the open, and everyone gets rich. I think that's how this works :)
So everyone will soon work at starbucks or a newly constructed toll booth coming to a intersection near you, and own facebook stock, and we will all be millionaires.
The police state is here. NDAA, police being aggressive vs ows, TSA scanning and touching kids, tougher gun laws for lawful ownership, RFID chips, video surveillance everywhere, etc etc.
Excerpt:
the trades, uncovered for the first time in an investigation by ProPublica and NPR, give Freddie a powerful incentive to do the opposite, highlighting a conflict of interest at the heart of the company. In addition to being an instrument of government policy dedicated to making home loans more accessible, Freddie also has giant investment portfolios and could lose substantial amounts of money if too many borrowers refinance.
“We were actually shocked they did this,” says Scott Simon, who as the head of the giant bond fund PIMCO’s mortgage-backed securities team is one of the world’s biggest mortgage bond traders. “It seemed so out of line with their mission.”
(Reuters) - Greece must surrender control of its budget policy to outside institutions if it cannot implement reforms attached to euro zone rescue measures, the German economy minister was quoted as saying on Sunday.
"If the Greeks aren't able to succeed themselves with this, then there must be stronger leadership and monitoring from abroad, for example through the EU," added Roesler, chairman of the Free Democrats (FDP) who share power with Chancellor Angela Merkel.
"U.S. Economy Most Toxic of 24 Issues"
Scope of government and U.S. morality also rankle Americans.
Americans' satisfaction with the state of the nation's economy has dropped by 23 percentage points since January 2008 to 13%, according to a Jan. 5-8 Gallup poll. These figures represent both the lowest rate of satisfaction and the biggest decline seen for any of 24 issues measured in the survey. Attitudes toward the moral and ethical climate and the size and power of the federal government are similar to each other. Slightly fewer than 3 in 10 Americans are satisfied with each, down from about 4 in 10 in 2008, the last presidential election year and the last time Gallup measured satisfaction on all 24 items.
Survey Methods
Results for this Gallup poll are based on telephone interviews conducted Jan. 5-8, 2011, with a random sample of 1,011 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia.
For results based on the total sample of national adults, one can say with 95% confidence that the maximum margin of sampling error is ±4 percentage points.
What is everyone so angry about? the highs from last yr are being retested. Facebook is going ipo, there are more gm cars on the lots of dealers than in a looong time. the jobless are continually falling off the data reports allowing the data to look better. Greece is still open for business. The Giants are going to the superbowl.
Inventories increased $56.0 billion, adding 1.94 percentage points to GDP growth. Excluding inventories, the economy grew at a tepid 0.8 percent rate, a sharp step-down from the prior period's 3.2 percent pace.
UBS Reports 76% Drop in Quarterly Profit, Investment Bank Loss.
http://bit.ly/zh5JIf
That annoying Pepsi tv commercial comes to mind.
"whatever Lola wants...Lola gets"
SPY 86M
QQQ 26M
IWM 25M
I guess we are all waiting for facebook ipo
title: Riot police violently disperse Occupy DC with batons
http://bit.ly/yuegVB
I cannot argue with prices thus made two profitable trades in the am. long NQ and short AUD.
However i would like to caution that the rosy data does not address the falling labor participation rate.
i guess the cure-all is everyone buys facebook shares on the open, and everyone gets rich. I think that's how this works :)
So everyone will soon work at starbucks or a newly constructed toll booth coming to a intersection near you, and own facebook stock, and we will all be millionaires.
it doesn't matter who wins, we all still lose if we depend on an elected official.
AMZN already trading at 174.
the company also forecast this quarter’s revenue well below consensus
AMZN reports after close today.
should be a mkt mover.
1296 and 1300 on ES.
Russell (IWM) or TF futures refuses to go down whenever ES or other indices fall.
Breadth remains bullish. this morning's sell off got absorbed quickly.
Very light volume but that has been a prevalent condition for a while.
Looks to me, we are short squeezing our way higher every day.
The police state is here. NDAA, police being aggressive vs ows, TSA scanning and touching kids, tougher gun laws for lawful ownership, RFID chips, video surveillance everywhere, etc etc.
Install terror by using terror
Freddie Mac Bets Against American Homeowners
http://bit.ly/yajIKo
Excerpt:
the trades, uncovered for the first time in an investigation by ProPublica and NPR, give Freddie a powerful incentive to do the opposite, highlighting a conflict of interest at the heart of the company. In addition to being an instrument of government policy dedicated to making home loans more accessible, Freddie also has giant investment portfolios and could lose substantial amounts of money if too many borrowers refinance.
“We were actually shocked they did this,” says Scott Simon, who as the head of the giant bond fund PIMCO’s mortgage-backed securities team is one of the world’s biggest mortgage bond traders. “It seemed so out of line with their mission.”
http://bit.ly/ySLbL9
Well i hope this is true. Banking needs to become as boring as shoe making.
the group that needs to be incentivized to take risk are the small to medium sized business owners, to start or grow businesses.
(Reuters) - Greece must surrender control of its budget policy to outside institutions if it cannot implement reforms attached to euro zone rescue measures, the German economy minister was quoted as saying on Sunday.
"If the Greeks aren't able to succeed themselves with this, then there must be stronger leadership and monitoring from abroad, for example through the EU," added Roesler, chairman of the Free Democrats (FDP) who share power with Chancellor Angela Merkel.
http://reut.rs/AhfFj0
"U.S. Economy Most Toxic of 24 Issues"
Scope of government and U.S. morality also rankle Americans.
Americans' satisfaction with the state of the nation's economy has dropped by 23 percentage points since January 2008 to 13%, according to a Jan. 5-8 Gallup poll. These figures represent both the lowest rate of satisfaction and the biggest decline seen for any of 24 issues measured in the survey. Attitudes toward the moral and ethical climate and the size and power of the federal government are similar to each other. Slightly fewer than 3 in 10 Americans are satisfied with each, down from about 4 in 10 in 2008, the last presidential election year and the last time Gallup measured satisfaction on all 24 items.
Full report: http://bit.ly/xzNAEK
Survey Methods
Results for this Gallup poll are based on telephone interviews conducted Jan. 5-8, 2011, with a random sample of 1,011 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia.
For results based on the total sample of national adults, one can say with 95% confidence that the maximum margin of sampling error is ±4 percentage points.
What is everyone so angry about? the highs from last yr are being retested. Facebook is going ipo, there are more gm cars on the lots of dealers than in a looong time. the jobless are continually falling off the data reports allowing the data to look better. Greece is still open for business. The Giants are going to the superbowl.
Can't we all just get a long?
Livestream
http://ustre.am/FBSi
http://globalrevolution.tv/
Those who believe Facebook is worth $100B+ are crazy.
good luck with that ipo
Buyers will not allow breadth to dip below zero level much longer than it takes for a MCD drive thru.
But the buying isn't feverish either.
not much more to say on the subject.
Inventories increased $56.0 billion, adding 1.94 percentage points to GDP growth. Excluding inventories, the economy grew at a tepid 0.8 percent rate, a sharp step-down from the prior period's 3.2 percent pace.
http://reut.rs/w1S5DT
Debt Ceiling is raised again.
no surprise there. let the meltup continue.
"Senate votes 52-44 to defeat resolution to block debt ceiling increase,and US debt ceiling will rise to USD 16.4trln from USD 15.2trln on Friday"
with bernanke saying he will kill the dollar until 2014, i dont see why gold wont keep going higher.