Some things better discussed behind closed doors turned the general market on its ear by lunch 22 May, and it wasn't only the Fed notes. Buried in this mornings Fedspeak YDM's buddy "Bermookie" stated his ending of the buying mortgage backed securities program would turn the market on its ear, and he's worried that the entire four percent in overnight rate pops that might ensue over the next three to four YEARS would all be discounted by the market overnight. Now in the minutes of the meeting they're talking about how to disentangle the Fed from huge asset buying program without destroying the stock market bubble, and it's being reflected in the April notes.
Bad news on the economy is good news, and the only danger of the Fed acting on its plan is believing any good stats that might come out of the government. Another danger, looking for "three to four months" of stability after taking seven years to destroy our economy and banking system with no doc loans and derivatives. People are impatient, and that's like yelling at a cancer patient why they aren't going into remission faster.
This is not going to end well.
Mortgage apps may have fallen last week, and interest rates ratcheting up the cause, but that means at 1000AM Bernookie calls out pedal to the metal and the market roars.
You heard it hear, again.
The folly following anal-ysts. Good quarter, just not great.
Nice gesture, that tells you they've money to burn. Up 30 cents AH
Scrub the Home Depot and they can't find anything, they're sold out. Why? The moment you enter the store the reps bombard you with questions about are you being helped. The advantage is, if they're out of that size ladder, you go to Lowe's and there amongst the associates, better known as the Walking Dead, you'll find what you need.
Customer service is what it is all about.
Yeah the dividend will be 10% per quarter if the stock declines to $1.20. Your comments remind me of the guy plummeting off the 160th floor commenting on the cool breeze and the great view of the city.
It tells me, that compared to its peers, AGNC is more fairly valued at $32.5 than $28.5, as 2008 and 2009 were different worlds.
17% compounded annually and dripped, doubles your money a little over four years. And there's four years to run before these clowns stop jawing about hiking rates and stopping bond buying and actually do something.
Gasoline going down in the summertime too. The end of the Fed party in bond buying is great to talk about, but talk is cheap, and can't be followed by any action as long as we have 22% underemployment and unemployment, and that number is dwindling at a rate that will take 5 more years to unwind. All the oohing and aahing everytime the Fed meets is good for daytraders and opportunists, and I am one, but the picture of American capital dwindling much below 90% book is miniscule, which is why I remain opportunistic with dry powder.
On the news that Bernanke may fahrt. On the news some non voting member says they'd have slackened up the bond buying last meeting. On the news folks have no news on the inflation front but DEFLATION. On the news that housing is picking up only on the gold coasts and washington dc.
See you at $30. And yes I've dry powder to catch some more thank you very much
I think that's supposed to be 20-24 May, whatever, but the deal is, will the "weakening" dollar today help silver and gold. Doesn't look that way. Grads are 8.6% unemployed, and the last three years have disappeared into Mom's basement where they feel entitled to room and board. 22.4% unemployment, nice they have a plan to unwind. Sometime in 2017 if they're smart.
That last assessment smart is problematic.
You need to stop selling your BUTT unless you're trying to make up for the debacle in silver prices, which then would stand to reason. The market is so overrun with bogus paper silver none of the issues attendant the real world of silver bullion matter.
Selling silver and gold may not make sense in a market where the Fed prints trillions, but you don't fight the tape. Like a child chasing bright shiny coins instead of old wrinkled hundred dollar bills, the new shiny object is equities. The pros are in equities and selling to each other by watching technicals, and bigger fool theory abounds.
Silver and SLW are taking huge leaps downwards, I am not advocating what I see, I am seeing what is happening. It doesn't make sense, neither does lung cancer to someone who has never smoked.
But it happens. Word up.
As dollars improve (33% to date) imports deflate (another 1%) the world's original economic juggernaut, the US, however built on fabricated money, the set up is for US to resurge as the world's drunken sailor with a year's advance pay in its pocket. 95 dollar oil looks cheap where $70 had US cringing 2007. This doesn't look good to investing lemmings looking for bright shiny equity objects and moving past silver and gold to the next fad, a fabricated market. How long can this last? Until we remember Bernanke leaves in January.
Silver in the teens would mark a capitulative event. Ooofff!!!!!!!!!
Simplistic. Lemmings have been running to the shiny fabricated economic "picture" being promoted by Hollywood's tinsel successor, the Fed. Even talk of pulling bond support, rattles markets, when support being pulled is one year away as touted, more like 3 in reality. Bernanke's departure looms like a hidden cancer. YDM's talked about it for a year now. Volatility is pulled from markets so hard option hedges he always blathers about are not lucrative enough. This is not the time for PM. But I think anything below 50% retracement is nibbling territory.
The days of "wealth" garnered from profits are mythical, venture capitalism promotes new business. The lowered interest rates makes home payments dwindle for adjustable loan owners, which adds liquidity to some of the economy in the form of excess dollars. CONSUMING is what we are all about.