Yellen didn't have the guts to say the truth. "The economy is stonger than I expected and except for what it might do to the stock and bond markets, it would be appropriate for the Fed to begin to raise rates."
by corporate execs........ 'I want to see *incomes rise* before I raise rates,' says she........which has been interpreted and/or decoded by corporate execs like rometty as......'we need to insure NO ONE but execs get *raises*.....in other words, keep incomes/raises low..........that way, we get our cake & eat it too.........'no raises for employees = no fed rate hikes anytime soon........
Yellen not "Yellon." Her name is Janet Yellen. PhD - Yale 1971 working under Joseph Stiglitz - former Chief Economist of the World Bank and Nobel Prize winner in economics.
Yellen was Assistant professor at Harvard '71-'76, lecturer at the London School of Economics '78-'80, Chairwoman of Bill Clinton's Council of Economic Advisers, Vice President of the American Economic Association, Vice Chair of the Fed, and ultimately Fed Chairwoman.
So how about you? You must have a tremendous background because you feel like you are in a position to evaluate everyone? We're all dying to see your CV...
my post was for 'chart readers'......who know, as long as it doesn't close above ~191.91......a short trade is viable to ~180........or so, 'i say'.......:)
Meg Nitwhitman is certainly not the benchmark of wisdom.
IBM is full steam ahead, but the markets in general a begging for a correction and thus headed for downward slope into September. The market volumes are telling the truth, the prices are not. Beware of sharp dips; it is time to take profits and relax for the rest of the summer. Enjoy the lobster!
"I'm not aware that Buffett is buying more."
You use current tense -- the report of Buffrtt's increased stake was from the Berkshire Q2 2014 13 sf which was recently filed.
Try searching for it on the internet.
I'm not aware that Buffett is buying more - what is your source?
I believe he's done buying. This said, his original stake is significant - he's highly concentrated in IBM along with a handful of other equities.
Consider that Buffett's been reading IBM financials for half a century prior to his purchase (he notes this in his comments on the whys of his purchase) and contrast this with some of the troll "analysis" here. Too damn funny.....