Will they announce that they are finally going to pay US taxes?
Just BTFD and ride the eternal, endless summer wave of central bank currency debauchery.
Too much free Fed money and Yen carry trade money is looking for mischief. It just doesn't get any better than this!
...but acquisitions are the only way to go to maximize Non-GAAP, "EX-ITEMS" accounting tricks formerly known in the 20th century as 'earnings' before accountants, banksters, and tax lawyers became more important than engineers and scientists. HP, a great company, must follow the lead of the Non-GAAP financial engineering companies to tread water in the New Accounting Paradigm.
It's just Bread & Circuses. $17B in virtual money, tax-deductible, naturally. Ben/Janet will just print and "swap" more monopoly money and ZIRP a little longer. This is chicken feed for the Fed's TBTF banks.
"The Bernax" lulled you into thinking that Z was finally collapsing to a realistic price, but the unlimited free Fed money is looking for momo stocks to squeeze, the 'short squeeze pointer' landed back on Z today, and the Fed's free-money crowd has returned to one of its old favorites.
from its TBTF banks while it is still ZIRP-ing and doing those opaque "swaps" for its TBTF Eurobanks. The middle class savers, those who are frugal and those on fixed incomes are still getting hammered by the Fed while it is still feeding free Kobe Beef to its Wall Street banks as it has for 100 years.
The Non-GAAP, Ex-Items stock market. Expenses are written off as (permanent?) 'one-time' restructuring, etc., while all new revenues from bought out companies are included. Nice trick. Who needs engineers and techs? New Paradigm companies need only accountants and tax lawyers.
Soon earnings will simply be revenues and ALL costs will be removed as "one-time 'Items' ". "Non-GAAP, Ex-Items" has become a joke but the Wall Street gamblers have made it the 21st century Emperor's New Clothes.
Nothing can stop the Bernanke Bubble Machine.
Computers gone wild.
The Federal Reserve is pumping the rest of its stock market. We are a 'favorite' and we deserve to go up. #$%$?
The computer algorithm looks like it was finally fixed. JPM will lead the squeeze now that they loaded up with weekly call options.
This is ALWAYS TRUE. Easy money. The stock market will never go down. The Federal Reserve has solved our economy. Buy ALL dips. The Dow will probably go up more than 350 today.
There is something wrong with the computer algorithms tracking this stock. JPM gave the secret signal. It should be in the 80s right now. Somebody's computer program must have a bug and the other computers are keying on it. The SEC should halt trading today to investigate the malfunction. No Wall Street Darling in the Fed's stock market is programmed to drop like this.
Nobody is left to buy WMT goods. Bernanke's 1% don't shop at WMT and TGT.