fxfox Posted February 22, 2013 Report Share Posted February 22, 2013 ahhhhhhh haaaaaa what a show!!! Closing it again at HOD! Dow 14k! This is simply tooooo good! :lol: Friday Feb 22 2013 - Dr Stool punishment rally :lol: "Keep your ass away from Wall Street Dr Stool!" Link to comment Share on other sites More sharing options...
specie Posted February 22, 2013 Report Share Posted February 22, 2013 almost all indexes made new highs this week and closed lower it's a start isn't it? Link to comment Share on other sites More sharing options...
fxfox Posted February 22, 2013 Report Share Posted February 22, 2013 Doc was right again. LTRO paydowns bearish in the first place. But since it was far less than expected --> bullish. Doc called that whole shit right. Since months. Congrats Doc! Link to comment Share on other sites More sharing options...
Bungster Posted February 23, 2013 Report Share Posted February 23, 2013 Carl is bearish on Apple... http://blogs.decisionpoint.com/chart_spotlight/2013/02/20130222cs.html#more Tom is neutral on GOLD http://www.decisionpoint.com/TAC/MCCLELLAN.html Link to comment Share on other sites More sharing options...
Jetlag Posted February 23, 2013 Report Share Posted February 23, 2013 Moody's downgrades UK. http://www.bloomberg.com/news/2013-02-22/u-k-loses-top-aaa-rating-from-moody-s-as-growth-outlook-weakens.html They couldn't find any sober englishman to return comment... But they found a guy working in Canuckistan that reassured bagholders that all this is normal and expected: “Ultimately it’s a fairly minor action and shouldn’t result in a massive bond market response,” said Eric Lascelles, chief economist for RBC Asset Management in Toronto. “This is an era where developed countries are being downgraded on a regular basis.” Link to comment Share on other sites More sharing options...
DrStool Posted February 23, 2013 Report Share Posted February 23, 2013 Doc was right again. LTRO paydowns bearish in the first place. But since it was far less than expected --> bullish. Doc called that whole shit right. Since months. Congrats Doc! Thanks for the props. Looking into the bowels of Wall Street is a dark and dirty job, but there's never any doubt about what will come out in the end. Link to comment Share on other sites More sharing options...
Jorma Posted February 23, 2013 Report Share Posted February 23, 2013 Since sequester looks by my calculation to be about 1/2% of annual GDP the macro effect should be pretty mild. Of course even the most rabid deficit scolds never propose cutting by more than 1% right away. Meanwhile the deficit has fallen from, and these are rough numbers, 12% of GDP in 09 to 6% in 13. None of which is to say anything about the advisability or sustainability of deficits. No sense going there but just to say the path since 08 of deficits is perfectly aligned with the needs of the system as it now exists. The huge deficits were in other words an existential necessity for the political economy. That is an old fashioned term for economics before economics became a stand alone 'science' which attempted to pretend that government was something that was grafted onto the economy, often portrayed as a parasite, when in fact government is the ground upon which the economy stands. As in,,,government is the white, the faces are the economy. In May the continuing resolution on spending expires however and another government shutdown will loom. 25% of GDP. Link to comment Share on other sites More sharing options...
fxfox Posted February 23, 2013 Report Share Posted February 23, 2013 Moody's downgrades UK. http://www.bloomberg.com/news/2013-02-22/u-k-loses-top-aaa-rating-from-moody-s-as-growth-outlook-weakens.html They couldn't find any sober englishman to return comment... But they found a guy working in Canuckistan that reassured bagholders that all this is normal and expected: GBP/USD weekly EUR/GBP weekly Link to comment Share on other sites More sharing options...
fxfox Posted February 23, 2013 Report Share Posted February 23, 2013 Gold weekly a technically healthy thing would be a move to around 1430/1450 (double sup by EMA 200 weekly and 38 fibo) Link to comment Share on other sites More sharing options...
DrStool Posted February 23, 2013 Report Share Posted February 23, 2013 Since sequester looks by my calculation to be about 1/2% of annual GDP the macro effect should be pretty mild. Of course even the most rabid deficit scolds never propose cutting by more than 1% right away. Meanwhile the deficit has fallen from, and these are rough numbers, 12% of GDP in 09 to 6% in 13. None of which is to say anything about the advisability or sustainability of deficits. No sense going there but just to say the path since 08 of deficits is perfectly aligned with the needs of the system as it now exists. The huge deficits were in other words an existential necessity for the political economy. That is an old fashioned term for economics before economics became a stand alone 'science' which attempted to pretend that government was something that was grafted onto the economy, often portrayed as a parasite, when in fact government is the ground upon which the economy stands. As in,,,government is the white, the faces are the economy. In May the continuing resolution on spending expires however and another government shutdown will loom. 25% of GDP. Faces? All I see is a vase. This is a great post. If you don't mind I'm going to steal it for WSE. With your byline of course! Link to comment Share on other sites More sharing options...
DrStool Posted February 23, 2013 Report Share Posted February 23, 2013 $75B in Treasury CMBs and $67B in LTRO repayments last week took helluva chunk of cash out of markets last week. More Treasury supply Thurs. Stay up to date with the machinations of the Fed, Treasury, Primary Dealers and foreign central banks in the US market, along with regular updates of the US housing market, in the Fed Report in the Professional Edition, Money Liquidity, and Real Estate Package. Try it risk free for 30 days. Don't miss another day. Get the research and analysis you need to understand these critical forces. Be prepared. Stay ahead of the herd. Click this link and begin your risk free trial NOW! Link to comment Share on other sites More sharing options...
alceringa Posted February 24, 2013 Report Share Posted February 24, 2013 Interlude................ http://www.youtube.com/watch?v=-jZKhC7CtEI Link to comment Share on other sites More sharing options...
Jetlag Posted February 24, 2013 Report Share Posted February 24, 2013 It's a sad day when people with a critical view only get airtime in what can be construed as a foreign propaganda TV channel The analogies have a solid pile of stoolism in there somewhere Keiser isn't crazy in my book. Crazy people don't overact like this guy I'd like to hear their opinion on Russia but that's obviously off limits. Link to comment Share on other sites More sharing options...
DrStool Posted February 24, 2013 Report Share Posted February 24, 2013 Max also appears on an Iranian propaganda network. That's over the line in my book. BBC has him on as a guest commentator frequently. He lives in London now, but Jim Rickards just tweeted that he's moving to NY. Max is huge. His videos get millions of viewers. He's right about many things. Link to comment Share on other sites More sharing options...
DrStool Posted February 24, 2013 Report Share Posted February 24, 2013 He and Stacy got married last year. Max is a genius, but she's the real brains in the family. Link to comment Share on other sites More sharing options...
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