I made $15G's on the long side, the secret is, keeping it.
Been confused on that subject for fifteen years.
Don't even talk PHK and PHT in the same breath. PHK has been returning principal for YEARS. PHT--? ZILCH--you get earnings, not return of capital. BIG difference.
No youdon't get it. "Thanks" for turning the word discrimination into the process called freedom to select. The state supports or does not support the right to make a decision to hurt others on a continuing basis using gender bias as a sledgehammer weapon of choice.
To do otherwise is to begin again the same laws that carried us through the Middle Ages during the times of the Inquisition. The State shall make no law to abridge the freedom to the same rights duties and obligations attendant the majority of straight America.
Would you have a hospital deny blood or air for a sick person based upon is gender preference?
To do so is an abomination. Get your brain straight the rest of your argument sucks.
There's a raft of economic activity on the ledger this morning April fools day. We will see who is right during this go away in May time frame. Right now futures are off two-thirds of 1% after taking back nearly all of the end of quarter pop 31 March.
Is the fat lady quieting down or just gargling razor blades?
Stay tuned today 1 April same bat time same bat channel.
Homes sell at a blistering pace 3.3% uptick. The market roars but what does that mean? it just means that people are jumping off the fence to sell their homes because they fear rising interest rates will put a huge crush on the price appreciation they've experienced since the crash of early 09. But add a little personal income pop and certainly has the appearance of the market and housing taking off.
Those of us in the general market look at this end of quarter pop with shock and awe. Maybe sanity will return. But I doubt it.
Smokem if you gottem. This party is about to blow over, the fat lady will stop singing and those trying to find a chair will find very very few left.
But not yet, not yet
Madam Yellen Rate Popper the 1st has put a nail on "patience", so we're back to month to month cliffhangers like the bad old days, all starting June, which will make volatility sing on the eve of every meeting next till the first 1/4 point drifts into view around XMAS, three to five years too early. So we game the Fed with every stat. Home sales will falter. CPI must crumble. Claims must stagnate. GDP must limp at 2.5% You get the picture. Good news is bad news, and bad news is bad news as the market gets to breach 15 year old highs. It will go 20% higher, but not without rock and roll.
And as Alan Freed said, you'll NEVER kill rock and roll. And he's been right for sixty five years. C'mona my house?
Mar 23 10:00 AM Existing Home Sales Feb - 4.70M 4.90M 4.82M -
Mar 24 8:30 AM CPI Feb - 0.3% 0.2% -0.7% -
Mar 24 8:30 AM Core CPI Feb - 0.2% 0.1% 0.2% -
Mar 24 9:00 AM FHFA Housing Price Index Jan - NA NA 0.8% -
Mar 24 10:00 AM New Home Sales Feb - 440K 470K 481K -
Mar 25 7:00 AM MBA Mortgage Index 03/21 - NA NA -3.9% -
Mar 25 8:30 AM Durable Orders Feb - 1.0% 0.5% 2.8% -
Mar 25 8:30 AM Durable Goods -ex transportation Feb - 0.1% 0.3% 0.0% 0.3%
Mar 25 10:30 AM Crude Inventories 03/21 - NA NA 9.622M -
Mar 26 8:30 AM Initial Claims 03/21 - 300K 293K 291K -
Mar 26 8:30 AM Continuing Claims 03/14 - 2425K 2425K 2417K -
Mar 26 10:30 AM Natural Gas Inventories 03/21 - NA NA -45 bcf -
Mar 27 8:30 AM GDP - Third Estimate Q4 - 2.4% 2.4% 2.2% -
Mar 27 8:30 AM GDP Deflator - Third Estimate Q4 - 0.1% 0.1% 0.1 -
Mar 27 10:00 AM Michigan Sentiment - Final Mar - NA NA 91.2 -
Well the Fed meets on Wednesday and everyone is looking for the word patience to be dropped, setting up a rate hike that not only isn't needed in a deflationary environment, it will crash the market as investors have, for the last drillion of these unnecessary meddlings, made believe all two or three percent is "in" immediately, no matter what these idiots say.
Deflation is here, jobs suck, people are still out of the workforce, and housing is mired in June 2004 prices a decade old.
Having fun yet?
Mar 16 8:30 AM Empire Manufacturing Mar - 9.0 8.8 7.8 -
Mar 16 9:15 AM Industrial Production Feb - 0.0% 0.3% 0.2% -
Mar 16 9:15 AM Capacity Utilization Feb - 79.4% 79.5% 79.4% -
Mar 16 10:00 AM NAHB Housing Market Index Mar - 55 56 55 -
Mar 16 4:00 PM Net Long-Term TIC Flows Jan - NA NA $35.4B -
Mar 17 8:30 AM Building Permits Feb - 1040K 1070K 1053K -
Mar 17 8:30 AM Housing Starts Feb - 1030K 1040K 1065K -
Mar 18 7:00 AM MBA Mortgage Index 03/14 - NA NA -1.3% -
Mar 18 10:30 AM Crude Inventories 03/14 - NA NA 4.512M -
Mar 18 2:00 PM FOMC Rate Decision Mar - 0.25% 0.25% 0.25% -
Mar 19 8:30 AM Continuing Claims 03/07 - NA NA NA -
Mar 19 8:30 AM Initial Claims 03/14 - 300K 294K 289K -
Mar 19 8:30 AM Continuing Claims 03/07 - 2420K 2420K 2418K -
Mar 19 8:30 AM Current Account Balance Q4 - -$105.0B -$105.0B -$100.3B -
Mar 19 10:00 AM Philadelphia Fed Mar - 8.0 7.2 5.2 -
Mar 19 10:00 AM Leading Indicators Feb - 0.2% 0.2% 0.2% -
Mar 19 10:30 AM Natural Gas Inventories 03/14 - NA NA -198 bcf -
and conversely Friday the 6th of March good news is bad news --'stocks are taking it in the ear this morning anticipating the FOMC interest rates blasting quarter percent 2 months from now. are you trying to make sense of this market? shame on you.