my favorite stock BGCP and an interview a couple days ago with the ceo of bgcp and cantor
http://www.executiveinterviews.com/delivery/v1/mini/default.asp?order=U14615
http://www.executiveinterviews.com/delivery/v1/mini/default.asp?order=U14615
i loved the earnings call transcript, they touched on every aspect of the business (growing and slowing) they are still growing year over year and also in great shape to make new acquisitions, the dividend will still be very generous even if its cut down the road which it probably will be. the balance sheet is in great shape. the ceo is also head of cantor who are taking over vegas, they are the undisputed smartest mofo's in vegas and its people like this i want to be on the same side of, cantor still owns like 25% of the company.
http://seekingalpha.com/article/755...results-earnings-call-transcript?source=yahoo
http://seekingalpha.com/article/755...results-earnings-call-transcript?source=yahoo
Corn trying for new highs
With the looming food inflation hitting the global consumer this fall I think it's pretty safe to say QE is off the table till 13 pending a market meltdown of some sort
Whole thing is a joke ... Stuck in neutral for he most part waiting for the dip till ben does QE3 (needs oil and food to come down too first) ... And as for any Mario help like u say snoop that looks to be already priced in
With the looming food inflation hitting the global consumer this fall I think it's pretty safe to say QE is off the table till 13 pending a market meltdown of some sort
Whole thing is a joke ... Stuck in neutral for he most part waiting for the dip till ben does QE3 (needs oil and food to come down too first) ... And as for any Mario help like u say snoop that looks to be already priced in
anyone think we will get another dip to 1370ish before it takes off for good?
F this shit. My perfect record is done.
Im not perfect afterall. LOL
Getting back in long, just trying to find a dip to jump in.
Got out at 1375.
Makes me sick.
F this shit. My perfect record is done.
Im not perfect afterall. LOL
Getting back in long, just trying to find a dip to jump in.
Got out at 1375.
Makes me sick.
This thing isn't "taking off" unless Ben goes pure lunatic and pulls out QE with brent at 115 and corn at 800 and shit... And the "taking off" would be short lived once the additional commodity inflation that would kick in sets in and hits the global consumer ...
We likely dive once the reality of no QE in 12 sets in ... Who know how deep it dips before he pulls out QE ...
We likely dive once the reality of no QE in 12 sets in ... Who know how deep it dips before he pulls out QE ...
Only way this thing has any significant upside is if u really think this market can grow on its own without any additional "printing" help outside the realm of whatever Mario is able to get the Germans to agree on which I believe is already priced in anyway
Ben not dumb enough to QE up here ... As u will get absolutely no bang for your buck ... With Brent at 115 ... And the drought food inflation looming this fall
Ben not dumb enough to QE up here ... As u will get absolutely no bang for your buck ... With Brent at 115 ... And the drought food inflation looming this fall
The main question in my mind is when we do dip and Ben pulls out QE3 which is the most likely scenario
Will it be able to stave off a double dip global recession .. With rates this compressed china slowing (will china do anything etc)
Anyway bottom line the Path of least resistance from here is still downward you may be able to trade it from here up to mid 1400s or whatever but once the market realizes that QE crack not coming at 1400+ it will fade and the upside is extremely limited ..
Will it be able to stave off a double dip global recession .. With rates this compressed china slowing (will china do anything etc)
Anyway bottom line the Path of least resistance from here is still downward you may be able to trade it from here up to mid 1400s or whatever but once the market realizes that QE crack not coming at 1400+ it will fade and the upside is extremely limited ..
Lowest NYSE non holiday volume in over a decade
Humans giving up on this market just some robots left ...
That's the general trend though volume dries up badly near the tops then picks up once the dip comes ..... With each QE or whatever ramp that follows producing less and less volume as far as the longer term trend...
Humans giving up on this market just some robots left ...
That's the general trend though volume dries up badly near the tops then picks up once the dip comes ..... With each QE or whatever ramp that follows producing less and less volume as far as the longer term trend...
