Archive - 2011 - Blog entry
January 17th
I Warned That Banks Will Soon Be Forced To Walk Away From Homes… Guess What!
Submitted by Reggie Middleton on 01/17/2011 08:09 -0500There were many skeptics when I said that housing values would go so low that banks wouldn't even find it cost effective to foreclose. Many relatively bright people dismissed my statements as sensationalist or unrealistic. Well, I suggest some explain that to those folks in Chicago where banks are probably walking away from thousands of homes.
CiTiBaNK: AMeRiCa'S WeLFaRe QueeN (Guest Post)
Submitted by williambanzai7 on 01/17/2011 04:24 -0500Oh what a wonderful Too Big To Fail World...
January 16th
PSW Stock World Weekly
Submitted by ilene on 01/16/2011 15:30 -0500Pervasive bullishness combined with current market fundamentals, the need for QE2 to continue (amid hints of QE3 and beyond), and the mass outbreak of riots over runaway inflation, leaves us rather reluctant to start waving our market rally pompoms.
JANUARY 2011 - MAJOR MARKETS (DOW, S&P, GOLD, OIL) Technical Commentary
Submitted by desihedge on 01/16/2011 13:50 -0500HO HO HO! Santa Claus rally did happen (again!!!). Perhaps, this seasonal phenomenon is really worth playing. Following the previous analysis in November, technically the markets were carving out bullish structure across the board with the fundamental backdrop of QE2 – therefore a few conditional (bullish/reversal candles at key levels) calls were made, which went down successfully. However, at this juncture probability increases for sizeable pullbacks and corrections in risk assets.
THe EMPeRoR BeNRoN HaS No CLoTHeS
Submitted by williambanzai7 on 01/16/2011 04:52 -0500Many years ago, there was an Emperor so fond of the Keynesian style...
January 15th
Slovakia hates being in a Greek Tragedy
Submitted by Jack H Barnes on 01/15/2011 22:48 -0500The European Union has become its own worst enemy. By design, there is no real leadership at the top of the structure. This is now undermining the unity of the Union, when it needs it most.
The US has its separately elected President of the United States while Russia has its Putin. Europe, however, has...
THE FED HAS SPOKEN: NO BAILOUT FOR MAIN STREET
Submitted by ilene on 01/15/2011 15:20 -0500The law has been changed not only to keep the guilty out of jail but to preserve their exorbitant profits and bonuses at the expense of their victims... To do this, the Federal Reserve had to take “extraordinary measures.”
"The Fed No Longer Even Denies that the Purpose of Its Latest Blast of Bond Purchases ... Is To Drive Up Wall Street"
Submitted by George Washington on 01/15/2011 12:10 -0500Some good charts ...
Investors Get Longer, Hope Earnings Won't be a Stock Tease
Submitted by MoneyMcbags on 01/15/2011 10:43 -0500The market keeps rolling because retail sales missed expectations, ratings agencies...
Hip Hop Social Media Meets Wall Street: 50 Cent and His $8.7 Million Penny Stock Tweets
Submitted by asiablues on 01/15/2011 02:49 -0500The pump tweets by 50 Cent may have turned a potential $412,500 paper loss to a $8.7-million profit in a company he owns 13%, but the dump part is yet to be seen...
HuMPTY BLaNKFeiN
Submitted by williambanzai7 on 01/15/2011 00:19 -0500'Humpty Blankfein sat on a wall.--Humpty Blankfein was just Too Big To Fail.
January 14th
GM Loosening the Pension Noose?
Submitted by Leo Kolivakis on 01/14/2011 22:59 -0500General Motors confirmed today that it has made a $2 billion contribution to its underfunded U.S. pension plans, giving it 60.6 million shares in common stock. Is GM loosening its pension noose?
(a) Is liquidity okay? – (b) A “fun” end to Student Loans?
Submitted by Bruce Krasting on 01/14/2011 19:43 -0500Twofer.
An Arabian Revolution
Submitted by Jack H Barnes on 01/14/2011 15:38 -0500The League of Arabian states has just experienced its first populist revolution in modern times in Tunisia. The prime minister has announced that he is in control now that the President of the last 23 years or so has fled the nation.
