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First Niagara Financial Group Inc. Message Board

ed.schindler 9 posts  |  Last Activity: Jul 14, 2015 9:39 AM Member since: Nov 27, 2012
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  • Reply to

    10 yr bond 2.41%

    by u_shorts_r_toast Jul 10, 2015 2:51 PM
    ed.schindler ed.schindler Jul 14, 2015 9:39 AM Flag

    I think the thing that will drive this stock price is the belief that the Fed will actually raise rates in Sept or at least this year. Retail sales this AM were poor and disappointed. X-Chair of Bloomingdales commented on how "Soft" retail sales were across the board. The Fed is clueless OMHO. If they do NOT raise rates FNFG will not move much I believe. Banks want higher rates. The Fed is scared scatless to do this as it will slow an already very slow economy - not to mention increase the cost of our national debt which is closing in on $19 Trillion. A 1% raise (across the board which would take a few years) would cost us an additional $190 Billion every year. The Fed wants to raise rates so that they can cut the next time there is a economic downturn. The reality is that we may never escape the current one, so WHT happens the during the next Bank caused melt down.....Massive QE is my best guess. Who knows, but the Fed is trapped. It is a real coin toss or rate increases this year. The market will call their bluff if they do not raise and stocks go down either way.

  • Reply to

    Seems like EGO is more tied to GREECE than GOLD?

    by laguy888 Jun 18, 2015 10:01 AM
    ed.schindler ed.schindler Jun 18, 2015 12:00 PM Flag

    I could not agree more. Should have sold when they first bought the Greece mines. It is a shame that miners have to buy assets in areas of such unrest but that is the state of the industry. High risk - No reward as the manipulators control the price of gold thru selling unlimited amounts of naked calls on an ongoing basis.
    The fact that anyone owns gold or the miners is a major vote of lack of confidence in the idiots who run the country and debase the currency daily. In the end (whenever that is) gold will win but it is ugly in the mean time. Look at how long the Greece situation has dragged on. This tells you how long it will take to totally destroy the dollar and that is the underlying bet here. There will be no winners in the end, you will just loose less if you hold some gold.

  • Reply to

    Chinese want NG

    by theedoinkster May 28, 2015 5:36 PM
    ed.schindler ed.schindler Jun 18, 2015 11:51 AM Flag

    I would love to see it but the criminals in DC would never allow either China or Russia to buy a gold asset on US property. Get real..........I am disappointed in NG movement in recent days as gold rallys somewhat in front of the next smash by the manipulators at the BIS, Fed, Treasury, and Bullion Banks.......

  • ed.schindler by ed.schindler Jun 17, 2015 10:17 AM Flag

    Silver must be way oversold if they cannot hold it down on Meeting Day. Yellen and the crew must really hate it if any of the metals do not get hammered by the Criminal Banks on her "Special Day" to BS the world.
    Manipulate till it blows I guess.

  • Reply to

    FNFG at 52 week high

    by hlbtrumpet Jun 10, 2015 10:37 AM
    ed.schindler ed.schindler Jun 10, 2015 11:26 AM Flag

    The German 10 year went from being negative to around 1% in less than a month. The US 10 year is approaching 2.5%. I would love to be able to see the Derivative Book at the big money center banks to see how their Interest Rate Swaps are doing. Deutsch Bank (??Spelling) just fired their twin CEO's and they are rumored to have the largest Derivative Book anywhere at close to $50 Trillion. Sudden moves in rates like this cause tremors in the land of Interest Rate Swaps. Also the Fed uses these as one of the methods to control rates as they create false demand thru this instrument. Banks like FNFG should love higher rates. Some others, not so much. Life remains interesting. FNFG may also be in play behind the scenes but this appears to be a market reaction to the sector due to rate rises. Good luck to all longs. Not so much to the shorts.

  • Reply to

    Market Action relative to FNFG

    by ed.schindler May 12, 2015 12:05 PM
    ed.schindler ed.schindler May 12, 2015 12:09 PM Flag

    I omitted that the 437K jobs were PART TIME JOBS. This is why stocks like UBER are doing great. Just be a part time cab driver to feed yourself since there really are so few full time jobs available. The CEO of Air B&B was on Bloomberg last night and he said that 52% of their providers (people who rent rooms in their home for a night or 2 at a time) rely on this income to be able to afford to stay in their homes. One more indication of how much so many people are struggling just to survive.
    Not the sign of a healthy economy.

  • ed.schindler by ed.schindler May 12, 2015 12:05 PM Flag

    Price has been moving in correlation to the perception in the market of the direction of rates. The Fed wants you to believe that they will actually raise rates as some point. The real economy is doing poorly to say the least. Last Fridays BLS report showed 226K full time jobs ELIMINATED and 437K jobs ADDED. So we are net losers, once again, for full time jobs. This is nothing more than the Gov's department of truth version of reality. Once the market grasps that rates cannot go up, FNFG may suffer. I have sold part of my position to hedge that potential. This market is sketchy overall so there is also significant market risk that covers almost all stocks. I still hold some FNFG and believe it can prosper or be bought if the whole tamale doesn't blow in the mean time. Good luck to all.

  • Reply to

    Why down today?

    by rlarge1949 May 4, 2015 2:16 PM
    ed.schindler ed.schindler May 5, 2015 12:27 PM Flag

    Greece has Soooo many issues to deal with at this time. In the news daily and none of it is good. There is no way any news on Greece can be good with their level of debt (pretty much just like the US - only WE can print currency).There is tremendous uncertainty regarding the EGO mines. The uncertainly alone is holding the stock back. Bad news is already in the stock. The company does not even comment on this other than to point out how much they have sank into the business there. No indication of any discussions with the new Gov. there. News today indicates that the end is finally in site for a default there. Not sure how EGO's stock will like that. Maybe the new guys there can focus on other things or appreciate them after they go belly up. Although there will be total chaos in Greece in the event of a default or exit from the EU. History in the making.

  • ed.schindler by ed.schindler May 2, 2015 3:51 PM Flag

    I had a 5 year CD at Goldman Sachs that was to mature in Jan of 2019 that had a rate on it of 2%.
    I just received notification that they CALLED this CD. Does that sound like rates are going to go up anytime soon??? The Fed is trapped and rates can NEVER go up. The actions of GS speak for themselves. They run the world, in case you haven't noticed, and if they think 2% is a high rate for this CD you know where this is going. Hello QE 4 by October at the latest. IMHO.

9.71+0.01(+0.10%)Jul 31 4:00 PMEDT