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By the same token we are free to call someone out for acting like an ass, no?
I agree...but the fed must do QE to keep mid term rates down to keep housing somewhat stable. Take away QE and rates start to go back up, housing tanks, more job loss. No way they let that happen especially going into an election. Of course with more QE comes USD weakness and asset strength. So...the market will go up no matter how tired. You've seen this twice already. Hard to see how it would be different this time around.
I think your target is reasonable though we may see it much sooner than the end of July. By then we'll have had 2 fed meetings and the next round of QE should be announced. Don't expect the fed to do too much too close to the election so that will be their last chance.
It's no coincidence that the current round of QE is ending this month as the market has been tanking. We've seen this movie before and it always ends the same. QE runs out and the market voices its displeasure...fed announces new round of QE and market goes on to new highs. The fed has no choice but to extend QE which I fully expect them to at least telegraph at the June meeting. We may get some more downside here but I think the prospect of upcoming QE will put a floor to it. Once it becomes more certain the market will move up into the elections.
Rivers, HD is Chinese.
You don't find his elitist, snobbish, and condescending attitude a little offensive? You think its OK for a non-american to stereotype all americans as dumb? I don't give sht how good anyone's calls are there's no reason to constantly go out of your way to be offensive.
No instead they would have spent money on something else. So your contention is that all of the economic problems are a result of the war? All of the outsourcing of jobs, subprime mortgage nightmare, lehman, runaway education costs, unemployment, etc. The whole entire mess averted if only we would have all been smart enough to have voted for Gore. The country would be in prosperity, no one would even have ever heard of QE and the Bernanke would be relaxing with his cushy job now. I think you are the one that is naive.
JJ the link is not working
Let's be realistic here. Even if all americans are smarter it would make know difference because either candidate will do the same thing. Do you really believe things would have been any different if the man who invented the internet Al Gore would have won? Or how about Kerry/Edwards? If you are so smart, tells us who the smart americans should vote for to end all of this nonsense Obama or Romney. Enough already with the condescending dumb american rhetoric. It's not a matter of dumb, it's a matter of powerless.
That's hidendragen
Tran now down over 2.5%
Yep, remember in the eyes of GS we are all stupid muppets. Did you hear blankmind has ordered GS email scan of "muppet" to get to the bottom of the latest accusations agains GS?
That list doesn't even scratch the surface. Hey all we need is less regulation. That will fix everything.
I think we'll see an intermediate term top within the next 2 weeks. The current levels of the VIX and VXN are not sustainable. Also, have you looked at some of the bullish percent indices or summation indices? There are very strong signs that the market is extremely overextended right now.
$BPINDU - Daily Candlesticks
Pretty clear from that chart...5x beats 2x.
All while sitting on $100Bil. The hording of all that cash certainly doesn't help the U.S. economy one bit. But you really can't blame apple. Anyone or company is going to do what ever is within their legal constraints to maximize profits. It's our government that let's them get away with it.
Decades ago the government enacted EEA so that companies couldn't pay a woman or minority less than a white man. But do you really think the motivation behind companies doing that was prejudice? I don't think so. As always it's the money. It was just one way to keep their costs down. Now they have an even better loophole because no current laws apply to employees that are over seas and doubtful that will change.
That about sums it up doesn't it?
Greece won't default because there's too much exposure. Europe will keep trying to defer it as long as possible until everyone can get there exposure limited and hedged.
You passed.
Nice to see ya here.
Wow Joe is really going out on a limb. Top is in on Friday and straight down from here. Did you see the look on the interviewers face? He won't be so smug if it really does come to fruition.
Wood, thx for starting it. Hopefully we get a lot of the CS guys here.