FOMC at the mouth in detail at 2PM, if not completely overshadowed by the self induced wound we elected called Congress, and its dolt at the top of the steaming heap.
Even tomorrow's iteration of the taper that wasn't might not be enough to jolt these lemmings as they make their way out to sea. What drivel, but, the bulls in Spain may be stupid and mean, but you don't get in their way. You run with them.
Put it this way. Declines of five percent a day, mean you are on your way to zero in a month, twenty trading days. Ugh!
Somebody a lot more creative than the writing team of Breaking Bad will have to connect those dots.
Already registered, owners have to take drivrrs test, but a nut behind the whel, and no 2nd Amendment protection expect SUVs to be banned.
Especially Infinties. They're cop killers.
includes purchase of already issued shares to hike undervalued stock price in open market, making offers for thi co ante up and nvestment by new shareholders more dear.
The 15 mill buy back add on is the wriggling worm at the end of the line.
Bernanke leaving Jan wont leave newbie Yellen with a reversed course, his bleat Fed MAY taper jumped mortgage irates ONE % nearly overnight.
Yellen has the call March, and shes a paper hanger WORSE than Bernanke. Look for the rates to slid back glacially over the next year, because corps are still not hiring.
Does anyone watch the news? Congress gridlock over debt limits looms, and markets think it mattrs to equities, plus Obamas answer to Navy Building sniper is to revisit guj control.
Watch sales and backlog soar in response to more Nanny state meddling on so many fronts.
Cars that drive themselves and guns thstnever miss. Dont fret all th fit person shooter games everyone will now get perfect score. Every zombie a head shot. Welcome to "nobody's safe" at the hotel Bangifornia.
Because, as Joan Rivers stated, the reason Gott made gentiles is, somebody has to pay retail.
Rod Steiger in "The Pawnbroker" 1965 said. You're restricted to buying a piece of cloth for one penny and selling for two, never giving a cent to family, the two to four, and pretty son, you've got a mercantile tradition. Same for bankers.
Think money lenders in the temple tradition. Or how about doctoring and lawyering professions abandoned by the gentikes 19th Century to pursue business -- where do you think those schools opened doors to and for? The kosher nostra, stuck in ghettos.
So thebprejudice continues, and kosher meat reenters the moneyed professions with a healthy but bigoted backwind, to this day, right down to Ken Fisher.
See how that works?
By the way, politician's decisions have always been pure politics, it's axiomatic. What you're arguing against is "obviously self serving" decisions that don't do anythingto help the unwashed masses.
I also cringe when folks look for Messiahs instead of free markets. That's how Germans embraced Hitler, our freedom bag is deflating more opaquely, a little GITMO here, a little suspension of due process if you're decreed a terrorist THERE, a little second amendment challenge here.......yadayada.
Friday the eco calendar looks cold, but furriners are raging bulls, it may (oh, the horror!) drift our way later in the day.
As to tapering? It will take far more thsn the couple weeks mortgage rates popped 1% for that bag to deflate if at all. Banks must make out, you know, supply and demand be dammed.
Taper off the table till 2015, the next challenge is the gridlocked Congress on debt ceiling. I think the market is genuinely bored by the nonsense, and it's a non event. In the meantime, bang zoom for SLW
If the Fed stops buying treasuries but continues to buy mortgage backed securities, I wonder how long the market will take to catch on and take off like a scalded cat? Double if's there, to include the biggest one of all--the outside chance that tapering will be suspended until the economy shows more improvement.
There's a one day cliffhanger left in this four month long melodrama, with all those looky loos hanging in the balance waiting to buy a home. And all those speculators, who've moved the risk out of banks, overhanging the market with existing homes.
Summers over, will Yellen fill the void? Volcker is just a kid of 85, that would put a cringe into the market wouldn't it?
Anybody responsible for the deregulation of banks, which caused them to become gambling casinos giving loans to anyone with a pulse, and then packaging that crapola off to an unsuspecting world, obviously has your vote.
There is a vacuum left behind, and Yellen is nobody's star, and yet, putting a fox in charge of the henhouse isn't an answer. The guy simply disqualified himself by being part of the Clinton era where leftist thinking, a house is an entitlement, not bourne of ability to pay, met the greed of banks only interested in the commission for the sale, not the underlying value of the mortgage itself. No wonder we've picked up 7 trillion in debt and fewer jobs to show for it trying to swim upstream out of this mess, in the age of robots replacing workers.
It will be another ten years before we right the financial ship.
I kill myself.
How are those plastic tooth fillings, plastic solder, plastic stereo cables, plastic medicine and sterilization materials, and plastic electronic parts working out for you?
AH is nonsense without world economic events, company news. Put AH on ignore