This relief rally idea is getting old. They all turn into bear traps.
Comments »Jim Cramer’s Mad Money Monologue, 10/4/11
[YouTube:http://www.youtube.com/watch?v=kMTDAc3y6Gk&feature=youtube_gdata_player 603 500]
Comments »David Rosenberg Opines on the Global Economy
Citadel Performing Quite Nicely
Tax Holidays Do Not Correlate to Hiring
Large banks and other corporations who received tax holidays laid off workers as early as 2004-2005. So fuck your tax holiday lobbying. these lay offs came well before any mainstream acknowledgement of a real estate debacle turning into a global financial crisis.
The only thing that may make sense here was the business community had a heads up on the upcoming crisis and tried to get ahead of the curve. Or growth statistics were not indicative of the true economy.
Comments »Dylan Ratigan Rant on the Federal Reserve @ The Occupy Wall St Protest
[youtube:http://www.youtube.com/watch?v=UDj52mNaUVg&feature=player_embedded 450 300]
Comments »Leuthhold: This is a Non Economic Bear Market; We May be Close to the End
Chart Analysis on Where This Selloff Could Stabilize
The Clam Testimony Live
Motley Fool: Weak Consumer Spending May Fuel 8-Year Recession
PAUL MCCULLEY: The New Obsession With Austerity Is Ludicrous
HSBC: The Jury is Still Out On a 2008 Replay
How the pundits could say we do not risk a 2008 scenario is beyond me. Yes companies are flush with cash, yes corporate earnings have been on the up swing, but CDS spreads are blowing out all over the wordls and liquidity is back to a drip drip case.
Not to mention Europe’s problem by most estimates is a $2 trillion dollar problem with only $6-$800 billion on hand between the ECB, IMF, and the World Bank.
Comments »EU Objects to NYSE Duetsche Boerse Deal
This Indicator Has a 0.925% Correlation to the S&P Equities
ECB Suspends Greek Bailout Tranche Until Mid November
This story says Greece has enough money to go without a tranche until November. Thus the ECB has suspended the next bailout tranche until they can get bondholders and banks to agree on greater losses.
RT journalist reported over the weekend that Greece has only 8 days of money left. Go figure the truth about this mess.
Comments »Pimco’s El-Erian: Cheap Stocks May Get Even Cheaper
Goldman Out with a Report on 14 Cheap Sectors to Consider
Economists Suggest a “Great Haircut” To Accelerate the Economy
Economists would like for bond holders and banks to take further write downs so as to relieve cash strapped consumers and help the refinancing process.
Comments »Cramer: “Morgan Stanley is one of the best long term buys right here”
Cramer Calls Bullshit on Arch Coal’s Production Snags
He cites similar issues at other coal companies and says it’s impossible for them to all have issues at the same time. He suggests the problem is demand, particularly from China.
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