Tuesday, August 08, 2006

 

today is the day! FOMC

maria and the cnbc crew have convinced traders that mr. b wont raise rates today,, and they are hoping for some 'warm fuzzies' sugar to get poured into the footnotes. the dow is just about where it was when mr. b chatted with maria and noted the (rising) markets had read him WRONG.

mr. b has been targeting inflation,, from what i see in the oil mojo,, he has a big battle ahead of him. noticed my pepsi at the grocery store went up again.. i know the govt data says we are just fine.. so i wonder what the heck they have in their basket.

wallstreet keeps saying we are cheap,,, sure we are cheap,, for a reason,, the insiders are banking well on the investors. and the stockbuybacks are nothing more than smoke & mirrors. heck even insider 'buying' is dangerous, they are only doing it with options (and you know what the current scandle is) they are not doing it with cold hard cash.- hey,,,, but they are laying off people,, and that is supposed to be a good thing for everyone one right? show me a company hiring,, and i look at that company as GROWING.

is there any laws/rules that prevent companies from doing share buybacks via the puts markets? that would be interesting,, providing insurance on the share price.

well they say 'sell in may and go away'- a few traders mocked this the first week of may- former house flippers i suspect=have no clue on how to value realestate.

this is august,,they say that is the worst month of the year only second to september.----> now you see why all the anals despritely need buyers of the stocks NOW!!!!!!!! in a few months they will be downgrading the very same stocks they are pumping now.

like i said the other day,, wallstreet has told you to buy banks for the 1&done fed hikes--------use your money,, cause mine aint going into american banks where we dont know whats on the books or somewhere else on top of the basel II issue. if YOU must buy a bank,, buy the little guys,, cause thats the only way the biggies can find growth.. and even then be careful.





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