Wazoo's message boards look different on desktop computer vs. my phone. The former requires me to use the bypass trick to get the old layout whereas my phone brings me to it automatically. Be that as it may, I think the shop owners have effectively killed their boards.
After the 2015 taper-tantrum, markets have become more volatile. Looks like DJI is trendless, and the Naz and R2K seem in downtrends. My guess is for continued volatility until elections unless something rocks the boat.
I think OP meant the article Breaking My 'A-Team' Into Pieces - Part IV - New Residential Investment Corp.
Thanks for the summary. My feeling is that their liquidity is underappreciated but they should be ready to pounce when (if) rates ratchet upwards.
U.S. jobless claims fall 6,000 to 247,000.
New jobless claims hit lowest level since November 1973.
Got a feeling mr. market might go up today.
President Obama on Tuesday signed into law a bill aimed at encouraging pharmaceutical companies to help combat the Zika virus and develop vaccines.
The legislation puts the Zika virus--a mosquito-borne illness that is spreading throughout South and Central America--to the Food and Drug Administration's priority review voucher program in order to jump-start the development of treatments for tropical diseases.
WASHINGTON (MarketWatch) - The Federal Reserve voted unanimously on Wednesday to raise interest rates by a quarter point, marking the first increase in more than nine years. The bank raised its fed funds rate to a range of 0.25% to 0.5%, ending an unprecedented seven-year run of near-zero interest rates. The vote was 10-0. The board of directors also raised the discount rate to 1% from 0.75%. Looking ahead, the Fed said it will "carefully'monitor" actual inflation in light of 'current shortfall." And given current economic conditions, the bank said interest rates are only likely to increase in a "gradual" manner, ending up at a long-run target of 3.5%. That was unchanged from its September forecast.
Phil, do you know when their DRIP occurs? I penciled in buying GARS in the latter half of January as that was their 2015 low. I added today instead.
"The irony will be if, regardless of what the Fed does, the subsequent move is driven not by the market's read through of monetary policy but by the "pin" in this massive $1.1 trillion option expiry, the biggest in many years, one which if recent market action is an indicator, suggests the stop loss strike level will be taken out in the process setting the "psychological" stage for market participants who will look at the drop in the market, and equate it with a vote of no confidence in what the Fed is doing, potentially forcing the Fed to backtrack in less than 2 days! "
And to think this potential misread could have been avoided had the Fed raised in September.
Agree. It may be a divvy run, but I'm holding. Potential for special div to be announced first week in Dec due to UTI (14c as of 9/30).
Federal Reserve officials on Wednesday continued to flag December as a possible time to raise interest rates after seven years near zero, with two expressing confidence they will be able to pull it off smoothly despite fears of an abrupt market reaction.
Investors reacted by increasing the odds of a rate hike next month to 72 percent, from 64 percent on Tuesday, according to futures markets.
Cleveland Fed President Loretta Mester repeated her position that the U.S. economy is now strong enough to absorb a modest policy tightening. Atlanta Fed President Dennis Lockhart, sitting alongside her on a panel in New York, said global financial markets have settled since the August turmoil that caused the U.S. central bank to delay raising rates.
"I am now reasonably satisfied the situation has settled down ... So I am comfortable with moving off zero soon, conditioned on no marked deterioration in economic conditions," Lockhart told a conference of bankers, traders and regulators.
Key phrase: no marked deterioration in economic conditions. Looks like DJI is making another run to 18000. I believe a 25bp hike is expected, but it's not clear to me if the market is going to react or not. I believe larger or faster hikes would cause the market to slide.