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Listen, everyone knows the stress tests are an Orwellian joke and that the economy is in the shitter. However, the gubmint has made clear that it will stand behind the debt of all of these financial institutions. Therefore, they will continue to operate just fine, even though they are...

Seems like the more Rosie, Roubini, Whitney, et al stomp their feet, the higher financials, cyclicals, commodity plays, ... go. Markets are tough - you can be right some of the time, but never all the time or even a majority of the time. Nov 2007-Mar 2009 was their time in the sun, but its...

Great post!

With all due respect, this is old, old, old news. We're entering the 3rd quarter in a few weeks. Everybody on the planet has known for a long time that the 1st quarter was a disaster. This news is about as relevant to the future direction of markets as the score in yesterday's...

If we are to believe his public comments, Thiel was heavily short the GBP earlier this year - didn't work out too well. Judging from the april stmt - Clarium is long gov't bonds, short equities, and has siginificant money placed on FX crosses - my best guess would be short GBP/JPY.

Well, duh ... http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5319359/Geithner-enriches-speculators-in-sham-bank-bail-outs.html US 'sham' bank bail-outs enrich speculators, says buy-out chief Mark Patterson The US Treasury’s effort to stabilise the banking system...

I can verify that mortgage processors at local banks here in Phila area are working through the night on a regular basis.

C'mon, I'm as bearish as the next guy, but that's grasping. No different from the Kudlows and Wesburys of the world rushing to annoint a loss of 500K jobs in the April report as a "green shoot" and the end of the recession.

I think she's married to Saul Steinberg's son - Jon (I went to Wharton w/him). Jon's as corrupt as his father. I believe he's somehow gotten caught up in this whole "pay to play" NY pension fund scandal.

I think they used the word 'unusual' because, when speaking, he usually doesn't spend ANY time defending the dollar. Certainly his actions do everything they can to destroy the dollar.

I'm pretty sure she gets trotted out there for the sole purpose of blowing out the weak longs in financials and suckering in more shorts. Gives the big boys an opportunity to buy back in at better prices.:D

They were making fun of Roubini on Fast Money today. Either the 15 minutes for Roubini, Whitney, Taleb, ... are up or they're going to get even more positive noteriety. Could Whitney be the next Elaine Garzerelli, who parlayed a lucky sell call shortly before the 87 crash into a 15 year...

That was never going to happen. Jobless claims and the ADP number made it a certainty the number was going to be north of 450K and south of 600K.

Don't know if anyone watched CNBC after the report, but the level of bullishness regarding the economy (they had economists on, not stock guys) was unbelievable, given the fact that we're still on pace to lose 5 million jobs this year. I'm talking late 90's Larry Kudlow type bullishness. You...

The number is irrelevant. Stocks are going to go where they are going to go.

From today's FT ... http://www.ft.com/cms/s/0/bd8252a4-39d7-11de-b82d-00144feabdc0.html Conservative Fed is good reason to be a bull on bonds By Hugh Hendry Published: May 6 2009 03:00 | Last updated: May 6 2009 03:00 What if I told you the price of 10-year US Treasuries fell...

The numbers are irrelevant, just as the BAC capital numbers are irrelevant. Money is being printed and the rules are changed daily. Its party time. Hop on board or get left behind.

S&P will be up 20 points today. :)

$10 billion, or $34 billion, or $340 billion. ... The numbers are irrelevant. Everybody knows that on a mark to market basis, the major banks in this country are insolvent. Its a fact. Another fact, is that the "authorities" have drawn a line in the sand that these institutions and their...

Don't you guys read the news. Wesbury says the recession is over. Cramer says to buy stocks. Bernanke says we have bottomed and growth will return soon. Its all good.:D