There was a often repeated saying about the CCC. They would send 8 men to mow a yard", two coming, two going, two sheiting and two moving".
What I am giving you hell about these continual unethical posts you make that may cause some young one to liquidate positions or forgo contributing to their IRA or 401/403. That is sinful esp when you lack the fundamental knowledge to comprehend market interactions.
Look back at my reply to your idiocy projection for those floaters. It is not about hope and FED manipulation it is fundamentals. Once I looked up the offering and read it__it was completely clear where those tenders would yield-price at. It is completely obvious you have absolutely no understanding of the Bureau Of Public Debt finance process.
As I mentioned around then if u wanted floaters you could have bought JRO at a -8% discount to NAV or FFHRX (a good parking place).
You have absolutely no business posting your idiocy for even limited mass consumption. But hey if you want to lose out on the late fall to next spring run when the NASDAQ will be breaking out to a new all time hi (finally passing 2000)__keep shorting and paying out divs. Once you are finally broke (or sued to oblivion) maybe you will crawl back under your rock.
Yes, I expect and hope and pray YIELDS jump from .2% to 2.0%, at the minimum, I really hope they go to 5-6%. How you can attack me for this is sinful. The Evil Perversity of the manipulation of our markets with zero percent interest rate policy which is stealing money from the most needy passbook holders and common folks in order to enrich the fat cats of Wall Street and the Banks, that is the real moronic behavior, NOT ME. I am the Moral Klumpass (L is silent) on this messageboard, how you can attack me for seeking, wishing and hoping for justice and fairness is appalling. I pray and invoke the power of the most highest to bring justice to the market, this is not a wish, it is a prayer. Bear witness, Oh QE diluted one, for justice is not far away.
The expected earnings momentum decrease; depending on sector, will be from weather, the uptick in bank loan refinancing, cancellation of input commodity contracts, outside of average currency swings affecting multi-nationals and almost universally for U.S. smaller to midcap entities the overhang of the Affordable Care Act.
As long as the global central banks remain within the concerted parallel efforts of cooperation and stave off political arm twisting for currency war we will grow past the earnings slowdown.
This recent market turmoil is exactly about shifting sectoral leadership within indexes to adjust to this. Many have commented on recent volatility, but the reality is we have experienced an out of average low period and now returning to mean. If you want to know which sectors will lead out of this go back to the last corrective phase into Feb 2/3 and calculate the relative strength, money flow and on-balance-volume between the sectors that lost the lead, those leading out of that low and now. That is how you read the internals. Not some stupid Elliot Wave analysis or dr. chumps/Hussman BS.
I keep hearing that market experts are expecting worse earnings this season. That should not happen if the enonomy is expanding. However a recession is normally preceeded by an increase in unemployment so I'm a little perplexed. Time to look at other indicators.
Your fundamental ignorance of how the markets function is not just appalling it is sinful (considering your continued stupidity in posting what others should do). You have to be a moron to have projected those floaters at a rate near the 10 yr Treasury when they reset off of bills. What did u think__bills where going to jump up to the low twos. Not_you either never read the floater offering parameters or do have the brains to comprehend them. But now for you to blame it on the FED is ludicrous. The Treasury offers bills, notes, treasuries and now those floaters for sale in addition to savings bonds. Except for savings bonds it is an offered market with buyers bidding the price which inversely sets the yield to maturity. The FED has absolutely no advantage in those auction markets over anyone else.
Go away until you read some books or take some classes before your stupidity harms naïve fools. You continue to squish any brain cells you have remaining ever time you post.
The fact is the economy continues to grow. And it would do better if your tea party friends in congress would shut up and vote on bills.
You can get 7% on investment grade preferred stocks. The idea that the Fed's job is to guarantee tea party morons high no risk savings yields is ludicrous.
And after your kids get out of college? Fully paid by you, I suppose, so they have no debt, unlike the vast majority of people who attend college.
Plus, I'll bet you have a fairly decent retirement ahead of you. Contrast that with the half of Americans who don't have $2,000 in retirement savings.
Go out an really look. People in the middle class seem really pressed to make ends meet. It must of been the extemely cold and brutal winter, which really sapped alot of cash out of people who get .01% interest on their savings and .1% increase in their wages annually. When the gas bill doubles for three months in a row, it really puts alot of pressure to make ends meet. There is really really really something wrong here. Really.
All kidding aside. This Obama economy has been hard on middle class savings. .01%, .05% interest on our hard earned CD's, Do you know what 0.1% means, in decimal equivalents, it is .0001 and you multiply that times your principle to figure your yearly earnings. So if you have 1,000 you get 1.00 dollar at the end of the year. It will take 1,000 years to double your money. When Reagan was President, we average 7.9% on a Certificate of Deposit, meaning 1,000 grew by 7.90 in one year and in 7 years it doubles versus 1,000 years under Obama. That is 15 generations.
But what is really sad, is what I saw at the supermarket. A middle age family with two kids grocery shopping, and they were in the produce area at Jewels buying fruit, when I saw this guy pull out a sponge with green easter egg coloring on it. He was in the lemon area, where lemons were priced $.99 ea. A fee feet away was limes, marked 10 for $1.00. This guys was rubbing the yellow lemons with the green easter egg coloring and putting it in his little plastic bag with a few real limes. I followed this guy out the store and went right behind him, and he go charged $1.00 for a bag of 10 limes. The government has destroyed the middle classs and it is really evident with people stuffing expensive oranges in their 10 lb. bag of russet potatoes and coloring lemons lime green with easter eggs coloring.
What a wild few weeks? Up down and all round with increasing
volatility and volume.. I don't believe I've seen anything
quite like what we've had in the past two weeks with the market in schizo mode,
rallying on Happy Yellon talk one day and plummeting the very next with big
volume. Its unusual to have so many consecutive big moves and not make any
progress since January. As you know, I've been increasingly bearish in recent months, due to
the increasing number of distribution days as well as the extreme overbought
conditions on the monthly and weekly charts. I have been building and building
short exposure, slowly but surely and wondering yet again whether that was such
a good idea after the 166 point up-day after Yellen Happy Talk after the market failed to roll over yet
again in the afternoon. But then comes following the massive almost 300 point terrible Thursday. Then another High volume plunge late Friday afternoon today.
Today reveals the bears are emerging from hibernation and they
starving. I think a Monday Mauling may be coming and for the first time since the first quarter rally
began, we have a significant technical breakdown in Nasdaq and the
indices are on the verge of rolling over. Today marks the beginning what I have expected for weeks
distribution in a crowded den of momentum and margin players.
Granted, this is a mighty unusual market and distribution days haven't mattered
much over the past year, but in any other year that means a correction is
underway. If nothing else, I think today provides the signal to sell in April and not wait till
May and go away for awhile and see how this market plays out for a few weeks. If you're
comfortable shorting the market, I think there will be easy money made on the
short side. THIS IS IT, I FEEL IT IN MY BONES and I know the Easter Bunny goes HOP, HOP, HOP....I thought it would happen on Valentine's Day, but no one can predict with pin point accuracy but the Easter Bunny knew.
Obama's taxes are killing us. We had to take Johnny out of the elite private school in Switzerland. We have to mow our lawn now and can't fly first class on airplane trips. We had to let our maid go and the butler may be next. DAM Obama!!
Here's away to save money. Fire your accountant and have turbo tax do your taxes. You're either a fraud or a buffoon take your pick.