Jimi Posted April 13, 2012 Report Posted April 13, 2012 For those that may not be aware... Don't forget the douche Chinese infatuation with the number "8" when it comes to all things wealth & financial The number of times it appears in various headline "numbas" is redonkulous http://en.wikipedia.org/wiki/Numbers_in_Chinese_culture Kahleeforneeya has a very large, growing, and increasingly wealthy Chinese population. Not surprisingly, the number of houses I see for sale for "$XXX,888" and "$X,XXX,888" is disproportionate to the number of sellers who would demand that extra "$888".....
jp6 Posted April 13, 2012 Report Posted April 13, 2012 Bernanke: Housing was trigger of crisis, not cause click here The central bank chief on Friday explained why subprime mortgages helped trigger a crisis despite their relatively small volumes. Bernanke famously told Congress that the subprime crisis was “well-contained.” Read Bernanke's outlook on economy before Great Recession. “Judged in relation to the size of global financial markets, aggregate exposures to subprime mortgages were quite modest,” Bernanke told the conference presented by the Russell Sage Foundation and The Century Foundation. “By way of comparison, it is not especially uncommon for one day’s paper losses in global stock markets to exceed the losses on subprime mortgages suffered during the entire crisis, without obvious ill effect on market functioning or on the economy. Thus, losses on subprime mortgages can plausibly account for the massive reaction seen during the crisis only insofar as they interacted with other factors [media]
DrStool Posted April 13, 2012 Report Posted April 13, 2012 Here in S FL, there's an appliance and electronics chain called Brandsmart. They have these giant bowl shaped, stadium like mega stores. Almost all prices end in .88. http://www.brandsmartusa.com/Default.aspx
DrStool Posted April 13, 2012 Report Posted April 13, 2012 Bernanke: Housing was trigger of crisis, not cause click here The central bank chief on Friday explained why subprime mortgages helped trigger a crisis despite their relatively small volumes. Bernanke famously told Congress that the subprime crisis was “well-contained.” Read Bernanke's outlook on economy before Great Recession. “Judged in relation to the size of global financial markets, aggregate exposures to subprime mortgages were quite modest,” Bernanke told the conference presented by the Russell Sage Foundation and The Century Foundation. “By way of comparison, it is not especially uncommon for one day’s paper losses in global stock markets to exceed the losses on subprime mortgages suffered during the entire crisis, without obvious ill effect on market functioning or on the economy. Thus, losses on subprime mortgages can plausibly account for the massive reaction seen during the crisis only insofar as they interacted with other factors [media] Thanks for that video. http://wallstreetexaminer.com/2012/04/13/why-does-anyone-still-pay-attention-to-bernanke/
rdkyote Posted April 13, 2012 Report Posted April 13, 2012 When your kids ask why they need to brush their teeth show them this. Fk'ing nasty, shorty. scoop up them tech stock bargains!
I_Am_Madness Posted April 13, 2012 Report Posted April 13, 2012 Same thing with AAPL. Not a lot of support until 580.
rdkyote Posted April 13, 2012 Report Posted April 13, 2012 Not looking so hot. = what happens when you let the bots parse out the earnings data in the after hours session.
I_Am_Madness Posted April 13, 2012 Report Posted April 13, 2012 I love this chart. Maybe next week or the week after that gap will get filled.
I_Am_Madness Posted April 13, 2012 Report Posted April 13, 2012 In all...NQ got another easy 50-80 point to the downside next week. Have a nice weekend everyone.
DrStool Posted April 13, 2012 Report Posted April 13, 2012 I'm over on Twitter calling out Zerohedge on their lies again. Sooner or later they are gonna ban me.
DrStool Posted April 13, 2012 Report Posted April 13, 2012 Tweets 58mzerohedge @zerohedge · Open April 2012 gross tax withholdings: $65.0 billion; April 2011 gross tax withholdings: $65.5 billion 13mLee Adler @Lee_Adler · Open @zerohedge That's comparing 4/12/12 to 4/13/11. 10 day total 4/12/12- 72829. 4/13/11- 69123. 4/12/11- 69446 http://bit.ly/J962T1 7mzerohedge @zerohedge · Open @Lee_Adler Wrong. That is the 9 work days since the final day in March 4mLee Adler @Lee_Adler · Open @zerohedge which in 2011 was April 13. Some people do work weekends. Also, no Easter or Good Friday last year. Like to like to baby. 3mzerohedge @zerohedge · Open @Lee_Adler Here is the math: 9 work days in April 2012: $65 billion. 9 work days in April 2011: $65.5 billion. Period Lee Adler @Lee_Adler Close @zerohedge Tricky dicky. 13 calendar days versus 12. Big chunk of US wage slaves work weekends. And this year suffered because of Easter. Hide conversation 6:52 PM - 13 Apr 12 via web https://twitter.com/#!/Lee_Adler
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