dragged that old tactic out again. BBY doesn't want to be the showroom for your electronic buy where you save $25 and wind up with no recourse, or wind up with a retreaded return instead of new equipment.
Been there done that.
We're in the perform high promise low stage again, today we're chockablock with retail sales which should be good for cars, and muted seasonally for homes at 10AM EST--the big deal is the confused mess that will come out of Fed meeting notes last month, in which the Fed govt "shutdown" will loom unknown, when we all have come to know, it didn't amount to much, except whizz off enough Virginians sitting on their butts to vote MacAuffaloonie into office, a Dem.
Thanks for the cheap shares. Teeny boppers with no money go to TWATTER, folks with cash (meaning better ad revenue--) go to FB.
ICAHN says the market is built on low irates, and perish forbid, they be raised, and the market panics???? HUH?? He need your cheap shares? What BULLTSCHIT! Typical Cramer like move, fan the flames of discontent where none exists, and won't for the NEXT THREE YEARS until this REAL ESTATE DRIVEN DEPRESSION reflates to 7/2007 prices, about 25% from now.....to get rid of the forgotten derivative overhang Bernookie neatly took off the books.....
Why do you think Yellen is being shoo'd in as Fed Chief? GAD people are dumb.
Yellen raise mortgage rates in the middle of next year's real estate buying season? Gimme a phoockin break!!!
Talk about being hung with your own rope, I can see why TWATTER went down 6%, because it has no revenue, but carrying FB with it? That's a buying op.
Talk about turnaround is fair play, the very vehicle ICAHM moans about the highs in the stock market today, is the stock that takes a 6% drop as a result of those remarks.
Great opportunity for cheap shares.
Most telling comment during the Yellen confirmation? Senator: "Just mentioning tapering caused the markets to swoon, and interest rates to soar one percent". Yellen "That's why we need robust growth".
Translation: That's why it's bond buying and QE forever--high paying jobs are going overseas, and if you haven't got your pot already (a 401K vested in Russell 2000 and S and P) new workers will be outdistanced by their forebears in perpetuity. Meaning, NOBODY will believe you can fix unemployment by having everyone work for $9 an hour at Walmart, PART TIME no less.
As to looking at housing for a semblance of "prosperity", that is so 1946. Look to automobiles instead, unless builders want to squeeze their 100% markups, or offer those $25,000 finished basements as freebies (they cost about $3500 to finish) don't look to new housing this spring to get us moving 1946 style.
With the Fed YELLEN for more QE (can you hear me now?) and unemployment claims above consensus, the market finally went positive as bad news there is good news for stimulatum excretatum.
Expect silver and gold to resume march back to $30 level in short fashion, or should I say long fashion. The only stink in the ointment, is the budget deal in January, which is timed to make waves just as the year turns over. Last time Congress understood it was in the way, we went through that impasse hurdle like "buttah".
14 Nov. Let the bloat begin anew
but you won't hear that at the confirmation hearings today, you'll hear, I'll pop rates when the ECONOMY IS ROARING. And that is different looser criteria than 6.5% unemployment, the number of claims this morning edges up to over 300K, BEYOND concensus.
Watch MREITS roar a nickel or two.
Forget the drivel about insider sales which are #$%$ on a boarhog, whatsamatter with you people, you own three shares?
I trade more of CYS than all the insider sales put together the last quarter. Sheesh!