Lol nada from Mario .... He yaps about all the options and does nothing ... Pure comedy
ECB credibility chucked out the window
Game over
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Market Reaction - Gravity Bites As Draghi Serves Cold Plate Of Epic Disappointment
Submitted by Tyler Durden on 08/02/2012 - 08:52
Derisking Italy Reality
As he began to speak the EUR rallied, EGBs rallied and ES rallied - last minute hopiness wrung out of the system, but as soon as he explained that his plan to promise a plan which plans to promise a solution was nothing but another promise and not an actual plan, so everything reversed. S&P futures are* -17pts from pre-Draghi, Gold back under $1600, and the USD is ripping higher, Treasury yields are down 8bps from pre-Draghi, EURUSD is down 50pip sfpom, pre-Draghi after trading up over 1.24 as he began, and has retraced over 75% of the post-Draghi 'believe' speech. Spain and Italy have given back the immediate euphoria with Italy now 50bps wider from pre-Draghi and Spain +25bps (having retraced over 60% of the post-'believe' rally).
ECB credibility chucked out the window
Game over
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Market Reaction - Gravity Bites As Draghi Serves Cold Plate Of Epic Disappointment
Submitted by Tyler Durden on 08/02/2012 - 08:52
Derisking Italy Reality
As he began to speak the EUR rallied, EGBs rallied and ES rallied - last minute hopiness wrung out of the system, but as soon as he explained that his plan to promise a plan which plans to promise a solution was nothing but another promise and not an actual plan, so everything reversed. S&P futures are* -17pts from pre-Draghi, Gold back under $1600, and the USD is ripping higher, Treasury yields are down 8bps from pre-Draghi, EURUSD is down 50pip sfpom, pre-Draghi after trading up over 1.24 as he began, and has retraced over 75% of the post-Draghi 'believe' speech. Spain and Italy have given back the immediate euphoria with Italy now 50bps wider from pre-Draghi and Spain +25bps (having retraced over 60% of the post-'believe' rally).
what they are doing in food, is cutting down on the amount they give you and charge you the same price. domino sugar used to be 5lb square blocks, there was 8 to a case, now there are 10 4lb blocks to a case. they are doing it on other products as well. they take 10/20% out of the amount and charge you the same instead of giving you the same and raising prices by 10/20%...its all deception...and its smart b/c most people either A) wont pick up on it or B) wont care b/c many who buy those 5lbs of sugar will just say to themselves well 4lbs is enough and will last me a long time....im sure they would rather get the 4lbs for the same price of 5 then having the price jump by 20%
have you checked how much a big bag of various potato chips (lays for say) costs now....some of them are well over $4 a bag now (ive seen $4.39) its getting ridiculous
if you arent saving money/have no money saved or dont have a good job and make decent money you have a tough road ahead of yourself....the inflation already baked into food/heath and beauty shit is already ridiculous
have you checked how much a big bag of various potato chips (lays for say) costs now....some of them are well over $4 a bag now (ive seen $4.39) its getting ridiculous
if you arent saving money/have no money saved or dont have a good job and make decent money you have a tough road ahead of yourself....the inflation already baked into food/heath and beauty shit is already ridiculous
Ben needs to have a little talk with Mario ... Let the politicians/press to jawbone (Ben uses that wsj guy hilsenrath or whatever his name is)
Shitshow just hilarious at this point
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BNP Furious That Draghi "Jumped The Gun"
Submitted by Tyler Durden on 08/02/2012 - 12:10
Bond ETC European Central Bank Eurozone Germany Monetary Policy Open Market Operations
Ken Wattret who is chief Euroarea economist for BNP is quite furious with Draghi: the reason? Precisely what we warned last week: that Draghi is posturing and attempting to bluff the Bundesbank into accepting his "conditions." End result, Buba called the bluff and the ECB blew it in a fashion so spectacular that Draghi actually had to defend himself from reporter who were mocking him and the ECB with questions if the ECB won't get its inflation call wrong "again." It also prompted the head of the Central Bank to spin off Mario Draghi FX trading advisory, of which he is the sole employee, and issue the following Series 7 and 63 unauthorized advice: not to short the EUR, which incidentally was the dumbest thing he could say, because the one thing that can save Europe is if its currency keeps sliding (much to the benefit of Germany) in the process boosting Europe's manufacturing sector. That he openly warned against this is perhaps precisely why the EUR tumbled just after he said it. Trust us: the Chairsatan would love if investors were shorting the USD. Anyway, back to Draghi and the biggest French bank which realizes all too well one simple thing: Draghi no longer has credibility, and all those European banks which rely on the ECB for their day to day operations (like BNP) are suddenly far more exposed than ever before.
READS: 377
European Bonds Give Up ALL Draghi "Believe" Gains In Worst Day In Over A Decade
Submitted by Tyler Durden on 08/02/2012 - 11:57
Bond Equity Markets Italy Reality
Spanish sovereign bond spreads blew almost 60bps wider today - that is the single-largest absolute move in spreads on record. Almost the entire gain in bonds post-Draghi 'Believe' speech from last week has been retraced in a mere few hours and while the front-end of the Italian and Spanish curves has outperformed, the sad fact is that in promising to maintain that end, then the entire rest of the curve becomes subordinated and therefore is sold as hope fades. Swiss, German, and Dutch short-dated bond yields all dropped to new record low rates. EURUSD has retraced its entire gain from Draghi-'believe', back to 1.2150 - despite his call not to short the EUR. Equity markets in Europe has dumped across the board today - with Italy and Spain -7% from pre-Draghi this morning - though notably still full of some hope from last week. It would seem that perhaps Mr. Draghi should keep his arrogant mouth shut a little more as we thought price stability was his mandate? The largest rise in EGB yields in a decade - all on the back of his misguided and over-confident egotistical attempt to jawbone markets to his reality. All mouth; no trousers.
Shitshow just hilarious at this point
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BNP Furious That Draghi "Jumped The Gun"
Submitted by Tyler Durden on 08/02/2012 - 12:10
Bond ETC European Central Bank Eurozone Germany Monetary Policy Open Market Operations
Ken Wattret who is chief Euroarea economist for BNP is quite furious with Draghi: the reason? Precisely what we warned last week: that Draghi is posturing and attempting to bluff the Bundesbank into accepting his "conditions." End result, Buba called the bluff and the ECB blew it in a fashion so spectacular that Draghi actually had to defend himself from reporter who were mocking him and the ECB with questions if the ECB won't get its inflation call wrong "again." It also prompted the head of the Central Bank to spin off Mario Draghi FX trading advisory, of which he is the sole employee, and issue the following Series 7 and 63 unauthorized advice: not to short the EUR, which incidentally was the dumbest thing he could say, because the one thing that can save Europe is if its currency keeps sliding (much to the benefit of Germany) in the process boosting Europe's manufacturing sector. That he openly warned against this is perhaps precisely why the EUR tumbled just after he said it. Trust us: the Chairsatan would love if investors were shorting the USD. Anyway, back to Draghi and the biggest French bank which realizes all too well one simple thing: Draghi no longer has credibility, and all those European banks which rely on the ECB for their day to day operations (like BNP) are suddenly far more exposed than ever before.
READS: 377
European Bonds Give Up ALL Draghi "Believe" Gains In Worst Day In Over A Decade
Submitted by Tyler Durden on 08/02/2012 - 11:57
Bond Equity Markets Italy Reality
Spanish sovereign bond spreads blew almost 60bps wider today - that is the single-largest absolute move in spreads on record. Almost the entire gain in bonds post-Draghi 'Believe' speech from last week has been retraced in a mere few hours and while the front-end of the Italian and Spanish curves has outperformed, the sad fact is that in promising to maintain that end, then the entire rest of the curve becomes subordinated and therefore is sold as hope fades. Swiss, German, and Dutch short-dated bond yields all dropped to new record low rates. EURUSD has retraced its entire gain from Draghi-'believe', back to 1.2150 - despite his call not to short the EUR. Equity markets in Europe has dumped across the board today - with Italy and Spain -7% from pre-Draghi this morning - though notably still full of some hope from last week. It would seem that perhaps Mr. Draghi should keep his arrogant mouth shut a little more as we thought price stability was his mandate? The largest rise in EGB yields in a decade - all on the back of his misguided and over-confident egotistical attempt to jawbone markets to his reality. All mouth; no trousers.
more signs of the times...my gf is 1 of the 400k, she needed to save extra money so she dumped comcast
http://news.yahoo.com/400-000-american-homes-dumped-pay-tv-far-195510148.html
More than 400,000 American homes have cut the cord and ditched their cable and satellite pay-TV services since the start of 2012. The figure includes 169,000 subscribers shed by Time Warner Cable (TWC) last quarter, marking the service provider’s tenth consecutive quarter of customer losses. It also includes the 52,000 net subscribers DirecTV (DTV) lost this past quarter, and 176,000 customers who left Comcast (CMCSA). Reuters points to high unemployment rates, a weak housing market and regular programming factors as key contributing factors for the drop, but other factors may include the increasing amount of available Web-based content and high costs of cable and satellite-based TV service. A report from earlier this year suggested that more than 1 million U.S. households disconnected their pay-TV services in 2011.
http://news.yahoo.com/400-000-american-homes-dumped-pay-tv-far-195510148.html
More than 400,000 American homes have cut the cord and ditched their cable and satellite pay-TV services since the start of 2012. The figure includes 169,000 subscribers shed by Time Warner Cable (TWC) last quarter, marking the service provider’s tenth consecutive quarter of customer losses. It also includes the 52,000 net subscribers DirecTV (DTV) lost this past quarter, and 176,000 customers who left Comcast (CMCSA). Reuters points to high unemployment rates, a weak housing market and regular programming factors as key contributing factors for the drop, but other factors may include the increasing amount of available Web-based content and high costs of cable and satellite-based TV service. A report from earlier this year suggested that more than 1 million U.S. households disconnected their pay-TV services in 2011.
its funny you said that b/c i was thinking about it the other day, had i held i would have been wiped out b/c i was on heavily on margin...i seriously would have been stopped out on everything, and that would have been brutal....im feeling pretty good where im sitting right now. what i own is mine and im not messing around with margin anymore. plus i have all the gold/silver bullion that ive bought over the years buried away (i have a really big position in that)
i havent bought any miners. im really sticking to my plan of going after yield. i added to my BGCP position last week. i really like this stock called CLCT but i havent bought it yet. its yielding 9% (it might get cut down the road) but the company itself is solid. they kinda have a monopoly on the card grading industry. that big attic find was all done by them (PSA) that industry is kinda like feedback on ebay your reputation is everything and PSA has by far the best rep in the industry. i read their forums all the time. i kinda wish they would miss earnings and the stock would sell off a couple/3 bucks and i would start a position.
the 1 miner i want to buy is GFI i love the almost 5% yield
i havent bought any miners. im really sticking to my plan of going after yield. i added to my BGCP position last week. i really like this stock called CLCT but i havent bought it yet. its yielding 9% (it might get cut down the road) but the company itself is solid. they kinda have a monopoly on the card grading industry. that big attic find was all done by them (PSA) that industry is kinda like feedback on ebay your reputation is everything and PSA has by far the best rep in the industry. i read their forums all the time. i kinda wish they would miss earnings and the stock would sell off a couple/3 bucks and i would start a position.
the 1 miner i want to buy is GFI i love the almost 5% yield
Thorium based nukes could effect the uranium stuff jdog
Just a random thought GL
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Yeah this is first time I'm bullish gold miners since 2007 or thereabouts
IAG im in now for the long haul ... and I dabbled in a bit of GBG as more of a bigger risk/reward play
Gbg had some mine startup issues/dealing with the skying cost of production that everybody is
As long as thing go smoothly the rest of year/this quarter (aug 15) possibly profitable... And q3/q4 expected to be well into plus it should jump big
They have some good holdings but had to hit the dilution trail to pay for the startup problems
Just a random thought GL
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Yeah this is first time I'm bullish gold miners since 2007 or thereabouts
IAG im in now for the long haul ... and I dabbled in a bit of GBG as more of a bigger risk/reward play
Gbg had some mine startup issues/dealing with the skying cost of production that everybody is
As long as thing go smoothly the rest of year/this quarter (aug 15) possibly profitable... And q3/q4 expected to be well into plus it should jump big
They have some good holdings but had to hit the dilution trail to pay for the startup problems
Also husker I'll try to find the chart but I remember over at zerohedge seeing a chart of how the divy payers are at historical highs by far valuation wise vs the rest of the market
I mean it makes some sense with everybody chasing yield in a zero percent environment but based on history the valuations won't remain long term ...
I mean it makes some sense with everybody chasing yield in a zero percent environment but based on history the valuations won't remain long term ...
Miners really running today
Makes sense they perking up now as bears like me being sent back to sidelines with this illogical market .... And moving onto destroyed gold miners
PPP another one I got my eye on but damn thing keeps running away from me ... Conway (built IAG) CEO ... So u got competent management (which is difficult to find in the miner space ... Part of gbg's problem... And the problem with miners in general)
Guess Conway got bored and wanted to build another guy up from junior to mid tier
Makes sense they perking up now as bears like me being sent back to sidelines with this illogical market .... And moving onto destroyed gold miners
PPP another one I got my eye on but damn thing keeps running away from me ... Conway (built IAG) CEO ... So u got competent management (which is difficult to find in the miner space ... Part of gbg's problem... And the problem with miners in general)
Guess Conway got bored and wanted to build another guy up from junior to mid tier
mickj, yes i still own those stocks, everything i own i am holding for the longterm b/c like i mentioned above i am no longer playing with margin. i rarely even look at the stock price once i buy. as long as the company is fundamentally sound, i dont worry if the share prices falls. obviously if something like what happened to KGC went down then its time to reexamine but these yields are still really attractive even after the cut plus oil has come down so i understand the yields being cut but if oil goes back up they could raise them back up down the road.
You at all concerned about the potential of thorium jdog? As far as your uranium stuff
Just curious your feeling regarding it ... Obviously it's still in its infancy stages and it has it's own issues as far as commercialization... So probably is at least a decade away from potential starting to impede into uranium's territory
Indians look like they are taking the lead as they have alot of thorium deposits and obviously have energy issues (half country blacked out recently)
Just curious your feeling regarding it ... Obviously it's still in its infancy stages and it has it's own issues as far as commercialization... So probably is at least a decade away from potential starting to impede into uranium's territory
Indians look like they are taking the lead as they have alot of thorium deposits and obviously have energy issues (half country blacked out recently)
