His powers are being dismantled by his fellows on the Federal Reserve board and Jean Claude Trichet.
Philadelphia Fed President Charles Plosser warned that “monetary policy will have to reverse course in the not-too-distant future and begin to remove the massive amount of accommodation it has supplied to the economy.” He added that “failure to do so in a timely manner could have serious consequences for inflation and economic stability.”
Dallas Fed President Richard Fisher went even further, telling a European audience that “We’ve done enough” and “we’re at risk of doing too much.” Fisher even went so far as to say the Fed’s dual mandate of controlling inflation and boosting employment should be changed. He wants the Fed to have NO responsibility for employment, and to focus solely on inflation.
Trichet has indicated that he will raise Euro rates 1 point this Thursday
Change in the air
Check back in May . . . see how he is doing
Not only that but AAPL is now sitting on the Channel support line that goes all the way back to Early 2009 . . . that's powerful stuff
Yahoo also take a look at the 2 handles he is using to give himself a 5 star positive rating to get around poster rating him low
"No need to listen to me... Millions of shares need to be sold & we are @ what? 3.4 million "
Why do you think AAPL has been weaker than the rest of the NAZ for the last couple of weeks? You think the managers of all those ETF's, mutual funds and tracking stocks do not know the Nazdaq will rebalance? Of course they do they've been getting ready for weeks
Once AAPL hit 20% people who remember knew this was coming exactly when is no big deal. Now you know
Once a stock gets over 20% of Naz watch for it to trade down contrary to rest of market as Naz tracking Stocks ETF's etc unload some of their AAPL so they will be properly balanced when the change happens
I think you are both right AAPL has another rally in it this week but next week the wheels fall off of everything Deflation comes blowing back in
Kropi2001 be sure to wipe yourself after crapping all over this board. Get over yourself. This is all perfectly normal if maybe a bit slow to actually happen. We've all been expecting this rebalancing once AAPL got to 20% of the Naz 100
Sorry but nope on the ipods they will fall as that technology is being included in all the phones.
I'm loaded with SRS shares.
The Buffoons are Larry Kudlow, Dennis Kneale, Liesman & Joe Kernan. They all hide the truth ask misleading questions dodge the truth at every turn. Half the women are the same Cabrera & Melissa something
On the other hand Art Cashin is solid, Rick Santelli is the best truth teller on TV. Becky Quick is smart but began to hide it within a month or two of being at CNBC.
Also I am Loaded with SRS !
because I am an Elitist Prick
You lowly proletariats whine about my bonus. You have no idea how I gambled the world for my own personal gain. I Thank You for saving my ass had you not ah . . . er . . . Volenteered many decades of your tax payments we would have looked real bad, had many more of us in jail, in BK, with nooses on our necks in back alleys, etc oh Bless you oh bless you middle class dupes. I should be wiping your individual asses but bribes to congressman do go a long way.
Every day my prop trading desk is continuing to push the misallocation of funds that caused this whole debacle in the first place. While your 401K is back from the abyss we've been able to excavate the depths even further all the while padding my bank account and my escape plan once reality breaks through our smoke screen hiding our escape . Every day I stand guard to protect our escape plans.
While you have have saved the banks for the stability of the financial system intending that the funds stabilized the banks, I have taken a majority of that money as my bonus even though I would have made no money at all if you had not bailed me out. I screwed our own shareholders even further , the fools, diluting my stock even further so I could pay off gov't thus enabling my final bonus before all hell breaks loose again. What are you complaining about?
Thought I'd post few
#6) So just how bad are things when compared to past recessions? During the 2001 recession, the U.S. economy lost 2% of its jobs and it took four years to get them back. This time the U.S. economy has lost more than 5% of its jobs and there is no sign that the bleeding of jobs will stop any time soon. (Much less starting to get the 5% of jobs lost back. This is really bad)
#7) Can you imagine trying to get your first job in this economic climate? Our young men and women either can't get work or have given up on work altogether. The percentage of Americans 16 to 24 who have jobs is 13 percent lower than ten years ago.
#8) So where did all the jobs go? Over the past few decades we have allowed the corporate giants to ship mountains of American jobs overseas, and there are signs that this trend is only going to get worse. In fact, Princeton University economist Alan S. Blinder estimates that 22% to 29% of all current U.S. jobs will be offshorable within two decades. So get ready for even more of our jobs to be shipped off to Mexico, China and India.
The period in which our country was formed is similar to the one we are in now. They put in numerous defenses against the troubles we have today but 230 years of weakening the Constitution has taken it's toll. Also Hamilton and the Federalist were fighting a for a Central Bank at that time so as always the democratic process weakened the end result in this regard. Don't blame them for your weakness tho get out and do something. Join Ron Paul at a minimum
Yes you can. As long as you don't broadcast over State Lines should be no problem as FCC is all about interstate transmissions. Though check with local officials.
I looked into buying a station, AM stations are pretty cheap and getting cheaper in this environment.
SPG the largest holding in the IYR bounced a large Fibonacci level. IYR looking like an ABC downto the 50 day ma for another bounce. Needs much more volume to push down below the Spet highs