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sorry for the negativity but the news is so bad its almost funny. sat night live could not dream up what is happening.
evil is celebrated and embraced and good is mocked and criticized. irresponsibilty is rewarded and those who follow the rules and pull their weight are trashed. something has to give. many are so self obsessed and selfish they will believe and follow any shallow sales pitch of something for free - healthcare or redistribution of wealth or whatever.
it appears the new dictum is there are no consequences for bad behavior and there are no business cycles.
IMF gold sale announcements not what they seem but it may work to manipulate the price down; and in this time with big gold etfs the selling can pick up mo; again, they are selling their gold for their worthless currencies?
http://www.commodityonline.com/news/Why-IMF-announces-but-fails-to-sell-gold-16893-1-1.html
your tax dollars at work - for murtha (he even put his name on the airport) does anyone care?
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/18/AR2009041802128_pf.html
who in their right mind believes this crap about the banks?
obama will tell the naive tomorrow he feels their pain about credit card rates just like the outrage he and congress felt over the AIG bonuses after they approved them. everyone is excited about "improved" bank balance sheets - what about their business and their future? what about the time bomb of their toxic "assets" swept under the rug and kept afloat with stolen taxpayer funds. there is no accountability. the millions paid to franklin raines and rubin and all the others
-gone.
are people satisfied with banks who have the gall to report
"earnings" with little or no disclosure of toxic crap or future defaults? its like most of the america public is in a zombie state and doesnt know or care about the pillaging or the complete collaspe of morality and common sense. sorry for the rant.
antartic ice expanding
http://www.foxnews.com/story/0,2933,517035,00.html
"florida will go under" rants this government loon; the nuts are
in control
http://www.foxnews.com/politics/first100days/2009/04/19/energy-secretary-offers-dire-global-warming-prediction/
cal unemployment rate tops 11
http://online.wsj.com/article/SB123998769476529637.html
red futs; obama on path to nationalizing banks. JPM asked to repay tarp on thurs but the fed is delaying and sand bagging.
fed may take equity openly
http://www.ft.com/cms/s/0/f3bc75b2-2d1a-11de-8710-00144feabdc0.html
get ready for cap & trade algore style
http://www.bloomberg.com/apps/news?pid=20601087&sid=aaE9Lr1448tM&refer=home
waxman (cal) and dingell (mich) who have done so much for their successful states are "no longer interested" in investigating wallst or the financial meltdown;
all this cnbc reminicsing; just show the video of the zucker hoffman meeting from last week: talk happy and praise obama or your fired like dylan ratigan
who gets the prize? pisani? cramer? the guy that looks like hes 17?
on theres plenty of reasons. for ex. SWHC and RGR
http://www.examiner.com/x-2547-Watchdog-Politics-Examiner~y2009m4d16-Obama-stimulates-gun-and-ammunition-sales
last nov SWHC was available for approx 1.50
taco wowsa CMG may be toppy (earnings wed)but nice run
taking some profits off AGN flag break from yesterday
that shirt will crack a smile but this is just sad
http://www.nbcwashington.com/news/local/Jesus-Missing-From-Obamas-Georgetown-Speech.html
Matt 10:32
JPM asking treasury to pay back tarp tomorrow and they dont anticipate doing PPIP; treasury response will be telling
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQfH3nZz9azc&refer=worldwide
possible flag break on AGN
spx 858 gap fill; watch em sell JPM all morning; what would wallst do without "expectations" JPM earnings decline 10%
LOL, cnbc get happy or get fired like dylan ratigan
http://www.nypost.com/seven/04162009/gossip/pagesix/cnbc_sweats_obama_bashing_164608.htm
LOL, that will work. I was dying a thousand deaths praying not to be examined. it was a 7 felony count child molestation
case and they were going through potential jurors like thru a
turnstile. i would have tainted the whole pool if I had to tell them about my time @ the santa monica public defenders office and my personal views. about half way thru one person claimed she could not understand english. the judge questioned her but then let her go. after that, every other person who came up said they had problems with english and they left with smiles. after a while the clerk only called obviously caucasian replacements.
I got out by the skin of my teeth. another 30 minutes and I would have picked. actually, some of the financial hardship excuses were sad and sounded genuine. plus they were told in front of probably 100 people. not fun.
JPM reports in the morning; C on friday;
morgan received 25 bill in tarp, C - 45 billion, and i am sure people will be "shocked" at their better than expected results
and "operating profits."
JPm and WFC cranked almost 2 bucks off the low
they are both busy taking that tax payer money and cranking credit card rates
well government oppression of individual free thought is not encouraging. i'm sure there are more than a few german americans who cringe when they hear about "homeland" government agencies
Hi Dan: are people who have ron paul bumper stickers violent?
you hear lately of any roving bands of violent Christians or
veterans? I'm missing something
http://www.washingtontimes.com/news/2009/apr/16/napolitano-stands-rightwing-extremism/
GS thru 120
your government is watching you and considers you an extremist
if, you have a Ron Paul bumper sticker, oppose abortion, or are
Christian, or..... this is not a joke; its official policy
http://www.wnd.com/index.php?fa=PAGE.view&pageId=94803
hi two. the WSJ and conservatives have always criticized excess or wasteful spending by pres bush or anyone. as far as I am concerned tax cuts are always good because any money given to the government will be wasted. have you ever known government to cut back? government is a black hole.
BTW pres Bush attempted to reform social security and was completely rejected. he also introduced legislation to cut down fannie and freddie and warned of the mortgage bubble but was also rebuked. the government social spending is what is really killing our country. i agree government spending should be cut but that wont happen. also it is proven that government revenues increase when taxes are cut. its fantasy
but the best would be spending cuts with tax cuts. we can pay for defense but need the federal government the hell out of most of our lives.
re GS 40.65 million shares sold @ 123 in yesterdays offering.
i dont get it. buy hi sell low. wonder if warren bot more
or he is unloading.
OT i was at jury duty yesterday. the number one excuse raised by people was financial hardship. one guy asked to be excused because he just landed a job after being out of work for 6 mos.
where were all these tea party people last november excited about hope and change? they are upset now??
what happens when taxes are raised in the face of recession?
this is the "hope" of current government
http://online.wsj.com/article/SB123975399974418909.html
you havent noticed futures buying right before obama speeches?
no apologies necessary. i was weaned on the packers and lombardi (one of my few heros).
dont worry the big tax cutter guy is on right now
hey rich - thats a bad story
http://images.marketworks.com/hi/10/9680/60greggf.jpg" rel="nofollow" target="_blank">http://tbn3.google.com/images?q=tbn:fl6Ls1sjLR6C0M:http://images.marketworks.com/hi/10/9680/60greggf.jpg
forest gregg wasnt black and did not play center. lombardi said gregg was the finest player he ever coached
what I find remarkable is that these banks and investment houses had all the inside information, they have trading desks, they can front run customers, they can see the order flow, they have information and breaking news before the market, they had every advantage and virtually no watchdog or real regulation; like giving bank robbers the key to the vault, but,
they still managed to run their businesses into the ground.
well, i get to play jury duty today so i'm out; have fun
a little footnote to GS' awesome performance
they received 10 billion in TARP $ and
12.9 billion from AIG; if they can just keep receiving 20 bil or so each quarter, things should be great
I'll try. alot of happy talk on tv. buy, buy, buy - dont miss the bottom.
http://apnews.myway.com/article/20090413/D97HRTNG2.html
government confiscation starts; no more criticizing chavez
http://finance.yahoo.com/news/Colorado-Senate-votes-to-take-apf-14915566.html
I do not understand all this exuberance about the banks. they run their businesses into the ground, pass out millions in bonus $ and now people are falling over themselves to give them tax dollars and pump their equities while they hose the consumer. that thursday morning pre holiday WFC (better operating profits) announcement and they way they jammed the market was something. at some point they will run out of people to manipulate.
remember during the election how concerned everyone was with the deficit? now, its no problem. something has to give.
wells fargo, more good news. it may only need 50 billion
http://www.bloomberg.com/apps/news?pid=20601087&sid=avymhMJShuAs&refer=worldwide
fast money mention pumps SWC into the 5s
i guess for those who owe the IRS wed, they might as well just make the check out to GS; watch GS report good numbers
and then do a secondary;
platinum is up $50 today
these boys are over the hill from me
>
i'm curious about who these banks think will do business with them in the future. they take free money from the tax payer and then turn around and relend to the same tax payers at 12-20% credit card rates. I guess they can make some awesome profits short term from the rape and pillage but after they've killed the consumer, then what. I've heard alot of stories from people that have seen their credit card rates triple. theres a small amount of people doing refis in the 4s and locking in cheap money. what kind of margin will the banks have on those loans? oh yeah then theres the small problem of all those toxic assets.
of course the equity market is divorced from the longer term trends
Happy Easter Foot.
I see sept 26 AAPL pre gap down close of 128.24 on stockcharts