coolhand's Account Talk

[TSPIntel]

Japan Hit by 7.1 Quake; Workers Evacuated From Fukushima

http://www.bloomberg.com/news/2011-...pan-no-reported-damage-at-nuclear-plants.html

Besieged Libyan City Gets Aid as U.S. General Sees Stalemate

http://www.bloomberg.com/news/2011-...s-u-s-general-sees-stalemate-in-conflict.html

Oil Heads for Third Weekly Gain in New York on Libya, Middle East Conflict

http://www.bloomberg.com/news/2011-...after-rising-on-libya-middle-east-unrest.html

Dickering on Budget Goes Down to the Wire

http://online.wsj.com/article/SB100...48683501879442.html?mod=WSJ_hp_LEFTTopStories

Europe's Rate Rise Signals End of Cheap-Money Era

http://online.wsj.com/article/SB100...50752.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Algorithms, Not Demand, Driving Oil Prices Sky High?

http://www.cnbc.com/id/42481533

When Taxes Attack: Forced Out by High Taxes

http://www.cnbc.com/id/42437296

Bernie Madoff: JPMorgan Doesn't Have A Chance In Hell And HSBC And UBS Are Going To "Have Problems"

http://www.businessinsider.com/bernie-madoff-jpmorgan-ubs-hsbc-2011-4#ixzz1IvYgfFht

A Stark Visualization Of The Treasury Market Deluge Beginning On July 1

http://www.businessinsider.com/treasuries-end-of-qe2-2011-4#ixzz1IvYzBHwj

Former BOE Policymaker On ECB Hike: "Pretty Big Mistake" - Explaining The Irreconcilable Euro Tensions In One Paragraph

http://www.zerohedge.com/article/fo...ake-explaining-irreconcilable-euro-tensions-o

U.N. counting on strong U.S. funding, Ban says

http://www.reuters.com/article/2011/04/07/us-usa-un-idUSTRE7366VD20110407?feedType=RSS&feedName=politicsNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FPoliticsNews+%28News+%2F+US+%2F+Politics+News%29

COOLHAND: Bottomline after all these interested info. Are you Bullish or Bear?

 

[Steel_Magnolia]

COOLHAND: Bottomline after all these interested info. Are you Bullish or Bear?

TSPIntel, do you read CH's blogs? If not, I highly recommend them. He gives his thoughts on the market as well as excellent market information. They are a "must read."

http://www.tsptalk.com/mb/blog.php?b=1111

 

[Boghie]

Europe's Rate Rise Signals End of Cheap-Money Era

http://online.wsj.com/article/SB100...50752.html?mod=WSJ_hp_LEFTWhatsNewsCollection

When Taxes Attack: Forced Out by High Taxes

http://www.cnbc.com/id/42437296

A Stark Visualization Of The Treasury Market Deluge Beginning On July 1

http://www.businessinsider.com/treasuries-end-of-qe2-2011-4#ixzz1IvYzBHwj

CH,

Especially like the graph of what Treasury purchases look like without brother FED buying them.

Kinda looks like Bernanke once again attempted to buy the politicians some time. Looks like the politicians punted.

I mean, $39 Billion is about half a month of FED Treasury purchases under the shadow of the Black Swan.

 

[coolhand]

Delete post

 

[coolhand]

Dozens Dead in Yemen, Egypt, Syria as Protests Shake Region

http://www.bloomberg.com/news/2011-...as-zuma-heads-for-libya-cease-fire-talks.html

Corporate Profits Rise to Record Before Quake Curbs Supplies

http://www.bloomberg.com/news/2011-...o-record-before-japan-quake-curbs-supply.html

Too Much Money Too Fast Threatens Emerging Market Stability, Haldane Says

http://www.bloomberg.com/news/2011-...global-capital-flows-pose-stability-risk.html

Senate Panel Critical of Goldman to Release Crisis Findings

http://www.bloomberg.com/news/2011-...o-release-crisis-findings.html?cmpid=msnmoney

Stiglitz Calls for New Global Reserve Currency to Prevent Trade Imbalances

http://www.bloomberg.com/news/2011-...rve-currency-to-prevent-trade-imbalances.html

Obama Puts Taxes on Table

http://online.wsj.com/article/SB100...55282893680792.html?mod=WSJ_hp_LEFTTopStories

The Tea Party's First Victory

http://online.wsj.com/article/SB100...81066078842.html?mod=WSJ_hpp_sections_opinion

JPMorgan Accused of Breaking Its Duty to Clients

http://www.nytimes.com/2011/04/11/business/economy/11bank.html?_r=1&ref=business&pagewanted=all

The Fed’s “Loose” Money Stance Is Making Credit Tight

http://blogs.forbes.com/johntamny/2011/04/10/the-feds-loose-money-stance-is-making-credit-tight/

Iran's Ahmadinejad fires controversial chief of staff

http://in.reuters.com/article/2011/...+reuters/INworldNews+(News+/+IN+/+World+News)

Japan fails to stop radioactive discharge into ocean

http://www.reuters.com/article/2011/04/10/japan-idUSL3E7FA05820110410

Eurozone ship is on the course that was set for it: heading for the rocks

http://www.telegraph.co.uk/finance/...at-was-set-for-it-heading-for-the-rocks.html#

 

[coolhand]

Here's Richard Koo's New Blistering Presentation On Why QE2 Has Been A Disaster

http://www.businessinsider.com/richard-koo-quantitative-easing-2011-4

 

[coolhand]

Japan Lifts Atomic Alert to Highest Level, Matching Chernobyl

http://www.bloomberg.com/news/2011-...d-to-highest-severity-level-on-radiation.html

Oil Falls for a Second Day After IMF Cuts Growth Forecasts for U.S., Japan

http://www.bloomberg.com/news/2011-...-imf-cuts-growth-forecasts-for-u-s-japan.html

President Open to Deal on Debt Cap

http://online.wsj.com/article/SB100...263426340504.html?mod=WSJ_hp_MIDDLETopStories

This Takeover Battle Pits Bureaucrat vs. Bureaucrat

http://online.wsj.com/article/SB100...6950.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsTop

Obama regrets 2006 debt-ceiling vote

http://blogs.marketwatch.com/electi...inois-senator-regrets-2006-debt-ceiling-vote/

Simon Johnson Explains "What The Banks Did To Us" And Why "Seriously -- Goldman Sachs Can't Fail"

http://www.businessinsider.com/simo...-cant-fail-its-too-scary-2011-4#ixzz1JImHWlV6

US-Pakistan Relations Near Collapse

http://www.businessinsider.com/us-pakistan-relations-near-collapse-2011-4

 

[airlift]

On CNBC just now, Byron Wien (ex Morgan Stanley), thinks QE3 will not occur after QE2 ends in June, for various reasons, including the fact that the USD cannot be devalued much more without serious damage and inflationary impact. Also said that Government represents 25% (I believe of GDP) and if cutting down the deficit to the utmost (drastically), this could cause another recession down-spiral. He is aware cuts are necessary, but in unison with other tax (loophole) reforms and economic growth measures (my interpretation of his views).

 

[coolhand]

There's no easy way out. The bank cartels destroyed a lot of wealth, not to mention the emotional toll being exacted on millions of families across the country. Pretty sad state of affairs.

On CNBC just now, Byron Wien (ex Morgan Stanley), thinks QE3 will not occur after QE2 ends in June, for various reasons, including the fact that the USD cannot be devalued much more without serious damage and inflationary impact. Also said that Government represents 25% (I believe of GDP) and if cutting down the deficit to the utmost (drastically), this could cause another recession down-spiral. He is aware cuts are necessary, but in unison with other tax (loophole) reforms and economic growth measures (my interpretation of his views).

 

[presskh]

There's no easy way out. The bank cartels destroyed a lot of wealth, not to mention the emotional toll being exacted on millions of families across the country. Pretty sad state of affairs.

Agree, Coolhand. We are in an almost unavoidable downward spiral any way you go. Since deficit spending is about 12% of the economy, the multiplier effect probably means it accounts for about 20% of the economy at present. Withdrawing this extra spending would mean a serious contraction. On the other hand, continued deficit spending will devalue the dollar and ultimately drive up interest rates, as other countries cease to lend us money (already happening). We will really need a combination of higher taxes and drastic spending cuts to restore our financial balance but, in the mean time, we will pay dearly, through a lower standard of living, for living above our means for so long. The only thing I would say is I don't necessarily think it's all the bank's fault for our situation. Everyone who took out loans they couldn't afford, borrowed up to the hilt against the supposed equity in their homes to live above their means, the country spending way above its means to create unaffordable social programs and fight in numerous treasure-sapping foreign wars, etc. - throw in a decline in social morals and ethical behavior and you pretty much are following a modern version of the Roman Empire decline.

 

[coolhand]

I didn't mean to imply that the banks were solely responsible, but so much of what happened ties back to them. And I include the Fed when I say banking cartel. But it's much to large a topic to address on a MB. Volumes have already been written about it and I've posted many articles on the subject for some time now.

You're right, the parallels to the Roman Empire speak for themselves.

The only thing I would say is I don't necessarily think it's all the bank's fault for our situation. Everyone who took out loans they couldn't afford, borrowed up to the hilt against the supposed equity in their homes to live above their means, the country spending way above its means to create unaffordable social programs and fight in numerous treasure-sapping foreign wars, etc. - throw in a decline in social morals and ethical behavior and you pretty much are following a modern version of the Roman Empire decline.

 

[coolhand]

Speaking of Bank Cartels...

The Real Housewives of Wall Street

http://www.rollingstone.com/politic...-look-whos-cashing-in-on-the-bailout-20110411

 

[presskh]

By the way Coolhand, I'm sure I speak for many others who really enjoy your posts and your blog in saying thanks for all your efforts. I don't often post but I read you blog and your posts almost every day, as well as many of the links to interesting articles you provide. Although you undoubtedly enjoy reading financial and political articles the same as many of us on this web site do, it takes a lot of time and effort to prepare and post as regularly as you do. Thanks again for really helping to make this site so great!

 

[coolhand]

Senate Panel Says Goldman Misled Clients, Lawmakers on CDOs

http://www.bloomberg.com/news/2011-...lients-misled-congress-senate-panel-says.html

Goldman Traders Tried to Manipulate Derivatives Market in '07, Report Says

http://www.bloomberg.com/news/2011-...to-manipulate-market-in-2007-report-says.html

JPMorgan Credit Swaps Show Bank’s Record Profits Fail to Impress

http://www.bloomberg.com/news/2011-...waps-ease-as-jpmorgan-profits-set-record.html

Computer Network Used in ‘Massive’ Crime Scheme Targeted by U.S. Agencies

http://www.bloomberg.com/news/2011-...e-harmful-international-computer-network.html

Euro Nearing 20% Overvalued May Weaken to Below $1.40: Chart of the Day

http://www.bloomberg.com/news/2011-...ay-weaken-to-below-1-40-chart-of-the-day.html

U.S. Says Iran Helps Crackdown in Syria

http://online.wsj.com/article/SB100...61222747330438.html?mod=WSJ_hp_LEFTTopStories

Remembering the Real Ayn Rand

http://online.wsj.com/article/SB100...82014528702.html?mod=WSJ_hpp_sections_opinion

The Presidential Divider

http://online.wsj.com/article/SB100...11986870054.html?mod=WSJ_hpp_sections_opinion

China monetary-policy tools fooling no one

http://www.marketwatch.com/story/china-headed-toward-stagflation-instability-2011-04-13

Teenage Wasteland: Jobless Rate For Young Is 25%—and Rising

http://www.cnbc.com/id/42572175

John Paulson On The Worst Case Scenario For The The U.S. Economy

http://www.businessinsider.com/john...t-dollar-housing-gold-2011?op=1#ixzz1JUUS9jOq

Read Korea Times' Brutal Op-Ed On Tokyo's And Seoul's Handling Of The Fukushima Crisis

http://www.businessinsider.com/read...eouls-handling-of-the-fukushima-crisis-2011-4

Mexican Cartels Are Moving To The U.S.

http://www.businessinsider.com/mexican-cartels-are-moving-to-the-us-2011-4

BIGGER THAN BURJ: The Next Set Of Ridiculous Record-Breaking Skyscrapers

http://www.businessinsider.com/tallest-skyscrapers-2011-4#ixzz1JUVGqQ7H

$38 Billion In Cuts? Make That $353 Million

http://www.zerohedge.com/article/38-billion-cuts-make-353-million

Paul Ryan Blasts Obama‘s ’Excessively Partisan’ & ‘Inaccurate’ Budget Speech

http://www.theblaze.com/stories/pau...xcessively-partisan-inaccurate-budget-speech/

More Americans leaving workforce

http://www.usatoday.com/money/economy/employment/2011-04-13-more-americans-leave-labor-force.htm

China inflation threat underestimated

http://www.telegraph.co.uk/finance/china-business/8448921/China-inflation-threat-underestimated.html

 

[coolhand]

Our politicians are finally realizing the folly of supporting this giant squid.

Goldman blasted for conflicts of interest

http://money.cnn.com/2011/04/13/news/economy/goldman_sachs_senate_report/index.htm?hpt=T2

 

[coolhand]

Goldman Sachs Credit-Default Swaps Jump as Levin Claims Bank Duped Clients

http://www.bloomberg.com/news/2011-...-jump-as-levin-claims-bank-duped-clients.html

Lacker Says Fed Must Act to Remove Stimulus Before Inflation Accelerates

http://www.bloomberg.com/news/2011-...mulus-measures-before-inflation-picks-up.html

China's Inflation Accelerates, Adding Pressure

http://online.wsj.com/article/SB100...62450565572200.html?mod=WSJ_hp_LEFTTopStories

RIP: Joseph Battipaglia, Popular Wall Street Strategist

http://blogs.wsj.com/marketbeat/2011/04/14/rip-joseph-battipaglia-popular-wall-street-strategist/

Parties Trade Jabs Ahead of Talks on Deficit

http://online.wsj.com/article/SB100...62932534033722.html?mod=WSJ_hp_LEFTTopStories

The Obama Growth Discount

http://online.wsj.com/article/SB100...63594126624.html?mod=WSJ_hpp_sections_opinion

Oil-Price Shock Is Hitting American Consumers Hardest

http://www.cnbc.com/id/42576293

Citi Issues USD Warning: "Significant Downside Risk For USD And JPY If Market Begins To Price In Unsustainable Debt Risk"

http://www.zerohedge.com/article/ci...sk-usd-and-jpy-if-market-begins-price-unsusta

Corrupt Bank Oversight Is Creating New Immoral Hazard

http://blogs.forbes.com/neilweinber...ank-oversight-is-creating-new-immoral-hazard/

Barry Bonds Faces Jail Time While Wall Street Execs Sit Pretty

http://blogs.forbes.com/halahtourya...jail-time-while-wall-street-execs-sit-pretty/

Draconian Energy Regulation Will Never Die

http://blogs.forbes.com/patrickmichaels/2011/04/14/draconian-energy-regulation-will-never-die/

Cash flows into stocks and bonds, munis lose-Lipper

http://www.reuters.com/article/2011/04/15/investing-fundflows-lipper-idUSN148309620110415

World Bank: Food prices have entered the 'danger zone'

http://www.telegraph.co.uk/finance/...Food-prices-have-entered-the-danger-zone.html

 

[ballnoutacontrol]

By the way Coolhand, I'm sure I speak for many others who really enjoy your posts and your blog in saying thanks for all your efforts. I don't often post but I read you blog and your posts almost every day, as well as many of the links to interesting articles you provide. Although you undoubtedly enjoy reading financial and political articles the same as many of us on this web site do, it takes a lot of time and effort to prepare and post as regularly as you do. Thanks again for really helping to make this site so great!

Dido! Thanks Coolman

 

[ballnoutacontrol]

Hey Chilly digit's what your take on this acticle? I found it in the bull tree's account talk. I thought it made alot of sense especially since I figured the whole Japan situation would have had more of a lasting impact given that we are all one inter-connected global community. I'm thinking about possibly of sitting out the next 1.5 months. Thinking that is

http://www.safehaven.com/article/20640/spx-correction-looms-2

Thanks, Balln

 

[coolhand]

I agree that sentiment is used like a stick to beat traders out of their positions and that bullish levels are elevated. What I'm not sure of is how the Fed's Quantitative Easing (QE2) policy is going to be transitioned and how that will affect the markets. QE2 ends on 30 June and I can't help but think the big money will position itself well ahead of the herd should the Fed opt to end all QE. But that's the big question. Will it end? And if it doesn't will the market still embrace it?

Risk certainly "appears" to be rising, but it's obvious to most traders plugged into the markets. Maybe they're playing musical chairs and waiting for the fat lady to start singing, but the reaction we get may not be the one we're looking for. And even if we don't see a correction I'm pretty sure volatility will remain part of the market landscape, and that's been enough to give both bulls and bears alike fits.

Hey Chilly digit's what your take on this acticle? I found it in the bull tree's account talk. I thought it made alot of sense especially since I figured the whole Japan situation would have had more of a lasting impact given that we are all one inter-connected global community. I'm thinking about possibly of sitting out the next 1.5 months. Thinking that is

http://www.safehaven.com/article/20640/spx-correction-looms-2

Thanks, Balln

 

[ballnoutacontrol]

I think the fed will continue with QE3 they want to keep priming this engine. I don't think anyone really knows what will happen when it ends. For the market and for the economy........

Thanks for you thoughts.

Balln