I’m taking this post old school baby.  The RainMaker says to look for Chicago Bulls to take this series to game 7.  The best series in the first round, it’s simply unfathomable that Stern won’t take this series to the distance.  As a matter of fact, shady Stern is smelling the prospect of 3 game [...]

MAcke said people putting capital into this market now are gonna be the biggest losers. Bought 10,000 shares of FAZ at 7.80

There’s not much to say about today’s market reaction. Chrysler BK looming (and GM to follow most likely), XOM big miss on earnings, etc and the market continues on its rally.
The one silver lining i see in the charts is that volume is extremely meager in the last few days. There is an evident decline [...]

One of the key indicators for today’s open was XOM’s earnings, and despite missing analysts’ earning expectation by $100M the stock is trading up in premarket.  The DOW future, 15 minutes before the open, is now trading up over +100 points.
So what does this tell us?  The Street has extremely low expectations for the 1Q [...]

Finally, the announcement is over with. I hate these days. These days useto have a lot more meaning. Now, that the rates are at 0%, there’s no real excitement. Nothing we didn’t know was announced. Economy continues to contract but at a slower pace, $1.25 trillion in treasury purchases, blah blah.
So the US economy is [...]