Nuttin new here...
Seven years of ZIRP has created yet another bubble (in bonds). And now we've got a Debt to GDP ratio of 105%.
USD/CAD is testing highs as news drives USD/CAD higher, can USD/CAD breakout to 2015 1.47 levels? Canada struggles for self-identity.
Gets it right...
Ha, saw that and kept it on to see how long before it would be pulled. Then they put some talking Weiner dog on... Was good timing, because Mike Darda is on over at Bloomberg.
viewership went down, so they took left on Truth Street, going towards Fox Blvd.
HAHAHAHAHAHAHAHAHAHAH the only true thing ever quoted on CNBC
yadda yadda yadda
and had no clue it would blow up until they were told on yet another morning conference call...
good articles; good articles 4 slow news day ..http://www.. hat tip: finance news & finance opinions
Schwab to face ARS lawsuit. New York Attorney General Andrew Cuomo is expected to file suit against Charles Schwab (SCHW) as soon as today, alleging the firm engaged in civil fraud in the marketing and sale of auction-rate securities. Schwab continues to deny any wrongdoing and said Cuomo's "approach is inconsistent with the law, basic fairness, and common sense."
they told my mom it was just like a mmkt. I told her to undo that transaction and get her butt back into the treasury based mm.
now she's glad.
CNBC editors a bit punchy this Monday morning.
Schwab brokers are whores like the rest of the Street. The conflicts abound.
Shoveling that crap out to unsuspecting investors deserves some face time with Mr. Cuomo's minions.
agree. Oh, and it would be smart not to use your real picture as avatar.
BFD: They will pay a fine and continue to fleece America..In the meantime, where do investors get relief???
maybe not, maybe the powers in Washington told Cuomo to take some big fish down, because they feel the size of the outrage ( i dunno, im 6000 miles away ) that is brewing among common folks. i have a strange feeling ( based on 0 evidence ) that this would not end just with a fine.
you may be right cheeky....i'm in ny and cuomo is looking to move up big time. he is following spitzer's script exactly and at this point i predict cuomo will beat patterson for the ny governor's spot. it can only help cuomo to squeeze some real blood out of cheat street.
I doubt he's following Spitzer's script "exactly".
You mean, that's not Ben Stein????
Heard an interview with you (ostensibly) on something called the Max Keiser show. Was it really you? Sounded like you had a slight accent. Are you the mad Russian who stole the Goldman code?
I have discovered Bloomberg Radio - perhaps ten times better than its TV counterparts including Bloomberg TV, CNBS and FOXBS with their pathetic offerings and even more pathetic anchors (with a few exceptions).
Agreed. Best for satellite radio; didn't know it was being simulcast until I flipped on Bloomy TV today and they were running it (maybe some error on their reg TV).
they're interviewing Abbey right now
"Abbey it's always great when we have you on, why do we get all the hate mail? what are the gloom and doomers getting wrong?"
response (abridged) - too short of a horizon and separately I'm not in a position to give advice to your listeners - we think the market is a stair case - in March all of our models said prices were 30% below fair value - we see 1050-1100 on the S&P in 2010
(I'm still waiting for her call of S&P 1,500 circa 2008)
Wow...Poor Chuck...If I were Chuck, I would fight back and disclose worse offenders, starting with the specialist and MM at Nasdaq.
Being that Chuck base is West...taking them down would cause unemployment to hit 20% in a burning state.
great post from Yves
Is This the Start of the Big One?
I don't believe in market calls, and trying to time turns is a perilous game. But most savvy people I know have been skeptical...
Ohhh man NICE!
I was kickin' myself friday at the close for holdin onto my shorts... I'm fellin' pretty smart right now... huuu rah!
Most brokers regurgitate what they are told by institutional sales or what they hear on morning conference calls... barely competent but over confident... series 7, 66, 31 doesn't teach you much that will help serve the clients' best interest... place my bet "most brokers/advisors didn't know what they were peddling" and had no clue it would blow up until they were told on yet another morning conference call...
I was fresh out of school and I recall sitting in for morning conference calls/research discussion and I was amazed at the kinds of questions being asked. The brokers who were 'perky' were the ones who just didn't know anything and wanted to absorb it all, whereas the guys half asleep or staring at the ceiling only came for the donuts/pastries.
I came to learn that the most knowledgable brokers didn't bother with the meetings at all.
In my newbie eyes, something was wrong when the director of research was scared/undecided (when spoken to personally) yet kept offering overly bullish sentiment virtually every morning.
We did have a lock limit down morning in the futures on October 24th of 2008, but, no, not once the market opened that day.
see if you can beat Heli-Ben
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