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I agree that easy money has led to multiple asset bubbles. Fed (from Greenspan) has stated that they do wish to target asset bubbles, specifically housing. However, I doubt they would want to target the equity markets - that would simply end the economy of the US and allow our trading partners...

Tony, Isn't that bothering you? Everything goes green or everything goes red. Without offset. I find this extremely disturbing. 5bps to go on the 30 yr.

The number will be modestly higher, but not extreme.

Anecdotal evidence, but a support staff person who needed to put her house on the market (in a supposedly 'hot' area) due to decrease in earnings (from health issues, etc...) was unable to sell at any price and is currently being foreclosed upon. Checked foreclosures.com for my zip code and...

for the cynic in us, a pause would send the djia soaring... a raise would keep things flat. How do you get more than a 50 pt drop by the close (except for the obligatory 99 point drop in the djia followed by the 49 point short cover like last time)? if not this time though, then the...

Kiplinger's Tax letter suggests that there will be an allowable conversion from IRA to Roth IRA without income limitations by 2011.

Creates a lovely opportunity to ride up the equity markets as they go bonkers and then sell out into foreign assets / hards in such a situation, does it not?

Yup, expect BSB to be market-friendly. Looks like we have a new version of the greenspan put...

Not one of my better calls, IMHO. Really surprised that the CB's haven't punished gold.

1. IMHO we are trying to 'talk down' the dollar to hurt the chinese and force them to capitulate by revaluing their yuan which will slow the hemorrhaging of our current account balances. However, there is a want to continue raising short term rates by the fed to control the housing bubble...

I know that I shouldn't do this, but I use days like this to set myself up for the upcoming events, establish a position, and then put in a stop (and maybe even a take-profit, but I hate to put those in except when they are trailing profitable stops). Much smarter to do what you are doing...

If that 3 months was spent watching, studying, reading and thinking, well done. That dollar isn't so impressive by itself, but start trading 20,000 or so intel on margin and you'll feel differently. If you have been losing for three months, and you only made a dollar, I would urge you to...

Reasonable Article on thestreetdotcom about widening discounts in april, felt to be due to selling for cash due to tax payment reasons. Notable for Herzfeld comments, and an analyst at Wachovia named Mariana Bush who I've not heard of before. She picks her top ten CEF's. 1. TYN 2...

May be oversold, but I think we could see 1.30 before we get a correction the way this market is moving. And that might only be back to where we are now. I am still holding to target of 5.35 yield on the 30 years before I expect a correction of significance. BTW that nonfarm was rather...

Actually, since the number came in much lower than expected, it assuaged the general market for inflation fears from wage inflation due to demand and caused a nice little 100+ point move in the dow. From that perspective, I thought it was a very useful number. However, from a fundamental...

And as quickly as he came, he was gone... Sick P&L... With what he made, I think he could hire someone to write for him. We'll miss ya $ cost avg man...

Wow... Sil down about 28% as I post... CDE down 11% HL down 3% All on bolivian oil fields nationalization panic. And spot silver at 14.20 Gotta love it!

This reminds me of the FX markets in the last 80's - early 90's after G7 meetings. Silliness by these latin american want to be populists will be tolerated - to a point. Thereafter, the apple cart will be upset and pretenders informed in no unsure terms who really runs the show. I still...

Wow. Just keeps going, doesn't it? I think we are starting to get out of the realm of "orderly". I doubt the g7 meeting wanted this. Suspect that there will be intervention soon. Will make for a nice place to add to my short. :)

Ah... once I doubted, but now I know and understand. E ;S; F... ? As long as USD continues downward moves vs Euro, minimal risk in being long US equities. What's your upside vs. what's your downside?