A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Knowledge@WhartonJPMorgan's Big Loss: Why Banks Still Haven't Learned Their LessonKnowledge@WhartonAren't losses part of the game? Why does one loss matter if it is more than offset by other trades' gains? The problem, says Scott E. Har...
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The market update will be posted Thursday morning at approximately 8:45 AM. Meanwhile check out The Conomy Game- The Legend of Bennie The Beard, Henry the Hitman, and the Gangbankster Dealers. Thanks for your support! See you tomorrow!
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Bears have no chance fighting this endless rigged game,or you might want to fade this post.....
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Let’s play “guess the nonfarm payrolls.” After all, our guess is as good as the conomists’, whose forecasts nicely fit a random distribution of hits and misses month in and month out. My guess? The headline non farm payrolls number would be reported as a drop of 337,000 tomorrow if you believe the withholding...
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Cycle projections rose on Thursday and are now pointing toward the upper 1400 range. In the latter stages of a move projections tend to be less reliable than the earlier ones, which recently had mostly been in the 1420-1460 range. There are resistance levels below that. Here are the ones to look out for.
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Housing data in the past couple of months has been mixed. Lagging closed sales data shows prices declining. The problem with that is that the most current data represents sales closed in November, which for the most part were sales that went under contract in September. That tells us nothing about the current market....
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The market did enough to put the bears back in the game on Thursday. Its gyrations are increasing again as the trading bots, futures, and ETF trading in an extremely illiquid market results in monolithic moves and rapid reversals that seem to come with little technical warning. A significant resistance level at 1270 proved...
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The market rationale that the Berlusconi toss out is bullish is patently absurd. In reality Berlusconi inherited a sinking debt trap ship, and already ran a decent austerity program for Italy, keeping them in the game for the last few years. He also ke...
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Bulls are chipping away at major resistance in a furious attempt to turn the tide in their favor. Bears are holding the line. Who will win this giant game of chicken with the PIGS? This report tells how to tell who’s winning.
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I stand with the protesters. We as a society must stop pretending. Most of us think that we still have money in the bank to protect, so we go along with the game of extend and pretend. For some of us, the game has already ended. The rapacious zero interest rate policy that I...
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I been in this game for years, it made me a animal
There's rules to this s**t, I wrote me a manual
A step by step booklet for you to get
your game on track, not your wig pushed back
The Ten Crack Commandments, Notorious B.I.G.
I don't try...
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Dr. Doom has given up hope for Greece
. In an FT piece, he says it's time for Greece to default and abandon the euro.
The basic idea -- which he outlined in a research piece a piece on Friday -- is that Greece under the euro will lead to years and ...
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Op/ex games come to a close,more volume spikes out of the blue to ram shorts right to the finish.
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Worried about the Monday open? You probably should be, but really, the S&P downgrade isn't the big worry.
It's Italy.
Italy has the third largest bond market in the world (after the US and Japan), and it's teetering on the brink of disaster.
The ...
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has anyone here seen the emails touting "Iraqi dinar revaluation" and "millions to be made" yes, yes, surely some of you have
it implies that the dinar is minutes/days/weeks at most... away from revaluation and one should trade dollars for Iraqi dina...
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The disappearance of the middle class will not be televised. Don’t expect your favorite talking head to relay this information to you.
At the core of our economy we have become a consumption nation. This necessarily isn’t negative if we wer...
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When the economy won’t do what Bernanke wants, he just rigs the stock market. Is it a coincidence that on the eve of the final month of QE2 the CME announced margin cuts on stock index futures at the market close? Not it’s not. Is it a coincidence that the market began to move...
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Jesus Castanon returned to scale on the winning horse Shackleford, in yesterday's Preakness at Pimlico.
Jesus (pronouned 'Hay-zeus') gave an emotional interview atop Shackleford after the race saying that he knew his father was watching from heaven.
...
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May 6, 2011 Analysis from Chris Kimble
It's Friday, and Chris "Just the Facts" Kimble returns for a cameo Dragnet impersonation, this time with a look at the recent nerve-wracking behavior of the Commodity Research Bureau (CRB) Index.
Click...
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Today, the city of Providence, Rhode Island sent out layoff notices to every single teacher in the city. Every single one of them. If you want to understand why this is happening, why wages in the US keep getting cut, this chart tells the story. ...
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whitehouse Obama: “Now is the time to invest in America… companies have nearly $2T sitting on their balance sheets… encourage you to get in the game”
3 minutes ago via web
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'The Lost Generation' is Over-Educated and Outfoxed by Baby Boomers
By Jane Genova, Posted Jan 3rd 2011 @ 3:12AM
On New Year's Day, the first of the 76 million Baby Boomers turned 65 years old. Many more of them than expected will continue working. Ex...
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In theory, free markets provide "just" prices or a level market table and thus allocate profits such that all market participants are willing to exchange goods freely. This is the basis of the division of labor in a free economy. In practice, speculators are finding they can tip the table as well as any government...
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Did you lose your balls over the past couple of days? The stock market has become just like a friendly game of golf for business. The boss gets to take a mulligan while you go searching for your lost balls. That mulligan now confirms that there are no rules. More players will cheat to...
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Illustrating that merely rearranging the deck chairs on the Titanic and cranking up and guaranteeing more debt to service old bad debt is a negative sum game, we see German Bund yields ratchet up 16-18 basis point across the board.
On the topic of other bad debt and bad institutions backstops and guarantees, Fannie Mae needs another $8.4 billion...
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The key to the game is your capital reserves. You don't have enough, you can't pee in the tall weeds with the big dogs. - Gordon Gekko
Ben Bernanke and the brain trust at the Federal Reserve have been working overtime trying to solve the problem of excess reserves in the US banking system. "How,"...
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SPX Update: Giving the Bulls Some Airtime
"Everybody knows that the dice are loaded, everybody rolls with their fingers crossed. Everybody knows the war is over, everybody knows the good guys lost. Everybody knows the fight was fixed, the poor stay poor and the rich get rich. That's how it g...
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