I've been a bit sick lately so am starting slow this morning.
I see Brent is back over WTI oil ... interesting.
Futures are up for now.
ADP jobs number is this morning ... that's been more accurate lately.
Wall Street is being investigated over subprime issuance ... good ! How could anyone really think those 2/28 loans made any sense ?
Sen. Chris Dodd says Goldman should be investigated ... :-)
More later ...
PS: ADP employment number was very strong - +189K and revised October up. That's good. That last thing we need is for a weak economy picking up momentum.
PPS: The recession mongers should be twisting in the wind .. dying. They are losing a two front war badly. On one front, the Fed is attacking them with strong thrusts to prevent a future downturn. On the other front, good employment numbers are wearing them down with steady attrition show no current downturn. When will they capitulate ? There are so many of them - underinvested or short. And soon to be out of a high-paying job ... shucks.
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I read on Briefing that Bill Gross says 3% is a logical Fed Funds target rate. That's OK, being 1.2% above year over year core PCE inflation and in the low end of the range 1-3% for a real return that I wrote about a few days ago.
Being in the low end of the range makes sense now with possible future weakness to prevent.
gappa up ahead of the fed...oh my bunkerman, anticipation indeed...when will they learn...beefers are balls out to save their year, while they wreck the tape...sad my man, very sad.
beefer shorts last two days are being punished. Real buyers bought those & now the beefers are covering frantically.
Bud must think the action in RIMM was a function of what? beefers with the gang tackle of one of the tech leaders in an attempt to raid the tape...nah, couldn't be lol.
Bunkerman any thoughts on the possibility of VLO being taken out or taken private? seems like a pretty cheap stock at these levels....
mr hunt...making a move to take out the refiners...catching the conrner on the crack spread...nice :)
I have thought that VLO has been a logical LBO for awhile. It's ridiculously cheap. I hold it - I think in the spring when gasoline season goes back, that crack spread will increase & it will go to highs.
VLO mngt. must be getting frustrated with its stock price.
shadow banking system...bill gross...I like that bunkerman, I think that is pc for big firken' beefers...oh, that's right no such thing...Bud reminds me of the three monkeys and today he also has his hand over his mouth, not just his eyes and ears.
Bud, gonna' set you down without getting the bat off your shoulder...not even goning to hit and run :)
Hmmm ... I remember ranting in another forum over a year ago that letting beefers act like banks was going to cause big problems ... and that beefers acting like banks should be regulated like banks ... naturally I was hooted down by the crowd and stage.
Sigh ... Bunkerman right again.
Maybe I should post a blog on that ;-)
Bunkerman...chips, must own chips now...stomp stomp stomp...oh my.
You are still wrong on the up tick rule and trading curbs, but that's ok :)
fritos are good chips [PEP is in Sky Fund] ;-)
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