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...and then some more. Courtesy of saltwater powerpoint for 8 keyboards.
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things aren't always what they appear to be. nice.
Bank Holding Company in IL goes down:
http://www.chicagobusiness.com/cgi-bin/news.pl?id=36000&seenIt=1
Show me that VIX chart again ...I'm going bare nuckles this weekend
Bank holding company to be seized tonight by SEC - the holding company has 9 banks within it and over $13B in loans.
so their idea of a bullish market is that 52%
of companies beat analysts' expectations?
why don't they compare absolute numbers such
ytd and yoy numbers?
some of these analysts are so fucktarded they
couldn't even see the financial and economic
crisis coming and they want respect? nope. not
going to buy crap...
Just thought I'd give props to TD on this post's title in case there aren't any other Shakespeare fans here. :)
Brevity may be the soul of wit, but utter subtlety is humility at its finest.
Banana Republic here we come
I am fairly new to the markets and the more I learn the more it amazes me how so many have the mental energy to dissect a totally screwed up system of manipulation,dead ends, pretzel logic called the market. There are no answers yet there are as many theories of why the market does what it does as there are pundits to pontificate. It all reminds me of that scene in "The Magic Chistian" where they jump into a pool of sewage to grab the money. Whats so interesting about this fools game is the existential question that plagues me. Is it the money?
It's really awesome that they call it the 'five minute guide' and it's almost 25 pages. I think the lack of time allotted for information comprehension is telling to the response time of the traders at the various GS prop trading desks.
Does anyone seriously believe Goldman? If I was a fund manager, I dump their stock from the sheer embarassment of all they've done to the political & economic life of the US. I wouldn't want my fundholders to see GS in my portfolio holdings. Leave Goldman for the gimps 'n pimps.
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Logarith...
Maybe "disgusted" from the socially conscious types or the tin foil hat crowds.Their forecast is just another forecast, which like most, is utter bullshit based on the assumption that the past somehow predicts the future. Not a bad performer if you want to make money, however.
From The Oninon
Stockwatch
*
-
GS
Goldman Sachs
1.23 50.40 (up 0.89%)
A large early-morning protest in front of the company's headquarters Tuesday led to speculation that Goldman was once again making a lot of money.
Hm, so this report clearly puts GS rate increase at 6m out if you look at the commodity and currency table on page 19, however it doesn't explain the continued increase in commodity prices despite the dollar strengthening against all the other currencies! wtf.
"3Q earnings season is shaping up to be one of the best quarters ever with 52% of firms posting positive EPS surprises vs. historical average of 42%."
Right guys, those positive surprises surely make up for the sea of brackets in your year-over-year EPS growth tables. After all, equities aren't valued on long-term assumptions about growth, but only on whether they come in ahead of your low-ball estimates. Hey, they axed even more staff and cut costs more than you figured! That's not looking so good for long-term growth, macroeconomically--but don't worry, no one values stock that way any more!
so, the rally was justified?
bah
How dare you post these charts from my boss's firm!
I've alerted Lloyd.
When I see charts, charts, charts, I think people, people, people,....I believe in the importance of facts and careful science over anecdotes.... but economists, govt stats, Wall Streeters and MSM are making me lose my faith in collection of data and analysis.
More real economic information can be gleaned and reported by the 20 percent increase in food shelves' outlays and the one minute wait time at my local Outback Steakhouse on a Friday nite at 7 pm, even if the sample size is one.
The poor can't even be called working class anymore because so many are out of a job and the middle class, if they are lucky enough to have a job, are the new working class, working for today.
Only those in a bubble could be so clueless as to believe stats that say economy is recovering. Matt Taibbi's blog notes that Obama Admin officials only started to realize how bad it is out there for people when a major corporation presented how broke thei customers were and read letters they had sent to the company.
It makes me sick to think what idiots our leaders are.
Everyday major decisions for this country and this world are made by a group of 3-9 people in a conference room (no conspriracy, just how businesses, politcal orgs, govt etc work) and to think those people in the room are Wall Streeters, CEOs/CFOs and those directly reporting to them, and DC bubble politicians, aides and lobbyiests...and none of them seem to have a clue about the regular life of this country.
If it wasn't for Eliz Warren, I would have lost all faith in data and analysis being able to add to our understanding of our situation.
We are about to crash like never before, and all they've got to give us is charts charts charts
Why not just use charts to identify trends ?
It works.
http://www.zerohedge.com/forum/market-outlook-0
GoldmanSachs: "Things aren't always what they appear to be." That's pretty much the only thing in the report that I would take at face value.
The most telling thing in this report is that GS is predicting under 2% growth for the whole of 2010...12% unemployment...here we come!
The pols have been playing with Federal stats for decades. Now Goldman is part of the cheer leading section.
It wasn't long ago that Goldman Goldman had tons of money at risk over at AIG. Thanks to all the former Goldman people in government, AIG was bailed out and all is well at Goldman.
Hopefully someday there will be a real witch hunt and perhaps these criminals and their corporate lawyers will be thrown in jail for bringing this nation to its knees.