Submitted by Nic Lenoir of ICAP There is a flurry of "analysts" doing cart-wheels everywhere: new highs, and make no mistake "it feels like it wants to break out". I don't respect blind optimism, I envy it sometimes, but the one thing I respect is price action (despite being bearish I did recommend tactical longs at 1,051, and stopped out the 1,107 short recommendation at a profit at 1,095)
Bank of England sees 'grounds for optimism' on Britain's recovery as risks diminish.
At 112.8 million shares traded, the SPY just recorded its lowest volume day for 2010. One of the possible reasons for this: mutual funds are rapidly running out of cash to buy stocks.
To paraphrase the 20-page speech: it is still just the speculators' fault, who are now "threatening not only Greece, but the entire global economy" so burn them all post haste before they can read all the declassified GS prospectuses, and scour the footnotes thus uncovering the truly deplorable state of all European budgets, also please ignore this huge corruption problem we have, it's under control, oh, and it is time our globalization "partners" realize that we are critical in the future of the free world, and bail us out, even though we have repeatedly said we need no steenkin' bail out, or else global financial crisis v2 - here we come. Now show me where Ben Bernanke's office is.
Asian stock markets rise as optimism ahead US jobs report grows; Tokyo jumps 2 percent. Asian stocks rose, after U.S.
Via the ever insightful Contrary Investor Art For Art's Sake, Money For God's Sake... No, this is not an homage to the financial archangel Lloyd Blankfein and his flock of chaste and devoted followers on Goldman's prop desk.
Submitted By Michael Panzner Mortgage Rates: Only One Way to Go There's been plenty of speculation about what will happen to mortgage rates if and when the Federal Reserve wraps up the last of its planned purchases under the $1.25 trillion Mortgage-Backed Security (MBS) purchase program, first announced in November 2008.
Congressional testimony can be watched here, pundit commentary free . Chairman Frank, Ranking Member Bachus, and other members of the Committee, I am pleased to present the Federal Reserve's semiannual Monetary Policy Report to the Congress.
From the press release: Fourth quarter 2009 net loss was $6.5 billion. After the dividend payment of $1.3 billion to the U.S. Department of the Treasury (Treasury) on the senior preferred stock, net loss attributable to common stockholders was $7.8 billion, or $2.39 per diluted common share, for the fourth quarter of 2009.
Friday, March 12, 2010
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