This is what you get when you flood viewers with nonstop Kardashian BS!
Yahoo has sadly become synonymous with Kardashian and America hates the Kardashian's guts.
Hopefully he pays dearly for his huge miscalculation.
Apple is a dying company...A fools investment.
It has become painfully clear shortly after the first small taper that the Fed murdering the free market forces comes with severe consequences as emerging market ponzi schemes are exposed sending the currency and credit markets into severe disarray pushing risk assets such as equities plummeting.
Wall Street and the Criminal Casino Bankers do not rely on their brains and savvy to make their fortunes but the absurd policies of the Fed who has severely overstepped their mandate, exploding their balance sheet to the tune of $4 trillion via QE infinity, pushing real rates of return on deposits severely negative crucifying savers all in the name of repairing bank balance sheets devastated by their decades of fraud & toxic financial engineering.
The Fed has created a false economy built on money printing, backstopping all forms of securities no matter how poisonous. Sure it has made those on Wall Street very rich but it has also made it impossible to accurately price risk, determine the true value of assets and liabilities, creating devastating bubbles worldwide which just now are being exposed as Bernanke & company try to pull away the punch bowl.
As the equity markets continue to tumble next week the Casino Bankers and the boys on Wall Street will be screaming bloody murder for the Fed to return to the status quo, La La Land, or else face the ugly reality of the true state of financial markets. The Fed has created a monster and if they dare remove the drug it all comes tumbling down. Oh the tangled webs we weave...
It seems the T finance message board has been infested with an inordinate amount of right wing wackos. Sad.
We will be lucky to hold 1550 S&P.
As China continues to unravel the dominoes will fall...Argentina first on the list. 10% correction looks like a certainty most likely much more.
The day of reckoning is fast approaching for China and Fed tapering is the catalyst that will send the dominoes falling in the coming months. $Trillions of bad loans sit on the off balance sheet accounts of China's largest banks. High interest, high risk products that are not regulated and will most certainly default as the Chinese economy continues to slow, eerily reminiscent of the U.S. 2008 disaster engineered by our own criminal casino bankers.
As this devastating saga continues to unravel, and it is inevitable that it will, an already fragile world economy will receive a Joe Frazier type body blow that will send the equity markets reeling. It would be very prudent to either move into cash or purchase some form of protection. Although T will hold up better than the indexes it will still feel pain. There is truly no place to hide in such events.
What makes the oncoming China storm so lethal are debt levels across the globe are already at record highs, it will be difficult for Central Bankers to pull the same stunt they did in 2008 without currencies collapsing. And current conflicts in such volatile areas as the Middle East, the Ukraine, Asia, et cetera will only become more intense as economic hardships grow and the populations demand regime change. History has proven world wars were first fueled by economic strife. I certainly hope I am wrong in this regard but one can easily connect the dots.
You conveniently are leaving out T is down 5% the past 12 months while S&P 500 was up 24%. Today's action simply scared money seeking utility like stocks. A safety play. The $7 billion you refer had nothing to do with AT&T's underlying business but rather higher interest rates created greater returns in their pension investments. I do expect a rather large correction in the equity market however which has begun, T should outperform the overall market during this stretch, which doesn't mean the stock price cannot fall further.
The wealth discrepancy in this country has never been greater, in fact the last time it reached these lofty levels was just prior to the last Great Depression. Concur completely we need a strong middle class to achieve sustainable growth, increase the tax base and decrease our deficits. But unfortunately we clearly now reside in a corrupt plutocracy and the middle class is being severely squeezed. How we got here is a rather long narrative with both parties to blame, although I tend to weigh a bit more responsibility on the GOP opposed to the Democrats. The Federal Reserve has certainly played a large role in this debacle without question.
The Fed has exploded it's balance sheet to the tune of $4 trillion the past five years in their attempts to heal the near fatal collapse of our financial system brought on by the fraud and toxic financial engineering of our largest criminal banks. Unfortunately Bernanke & Company have little to show for their spending spree and their guns are running dangerously low on ammunition.
I would argue that not only was the Fed's unprecedented stimulus/backstopping inept but will prove in the longer term counterproductive as we are already seeing in the emerging markets such as China, India, Turkey et cetera. When one murders the free market forces and becomes an enabler of bad behavior, bubbles grow. This has been the case in China for a rather long time. And now that the Fed is trying to remove the punch bowl with the beginning of tapering the training wheels are being removed and the hot money leaving in droves from the emerging markets exposing a lot of economies for what they are...Ponzi Schemes.
China's shadow banking system debacle will make 2008 look like child's play and the more the Fed tapers the more China's dire situation will be revealed, and the more that sad reality comes to light the more the negative consequences spread to an already fragile world economy. Some will argue that the fix is simple... the Fed reverses course and goes back to QE infinity. This solution will not work for a number of reasons. One, it will only prove QE was not effective and serves only to inflate devastating bubbles. Two, if the Fed continues on the path of printing it's way out of structural problems it risks the collapse of the currency and the explosion of interest rates.
We reside very much in a Catch 22 world but it appears this is the beginning of a sizable correction and quite possibly more. Watch the yield on the 30 year treasury if it continues to plummet, that is a very bad sign, showing the world economy has lost faith in the Fed's prescription.
As I thought...The recent sizable fall in yields on the longer end the treasury curve was indeed a sign the pundits were way too optimistic on growth, that China could wreak havoc on the world economy. Look for at least a 10% correction in equities in the weeks to come. T should outperform in this environment.
IBM has to be the most dangerous stock in the Dow.
You would have to be real fool to be invested in BTU...