Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Arcanaut
novahockey
quarterback
ScottC
yellojktVital Statistics:
| Last | Change | Percent | |
| S&P Futures | 1356.2 | -7.1 | -0.52% |
| Eurostoxx Index | 2493.5 | -30.2 | -1.20% |
| Oil (WTI) | 108.64 | -1.1 | -1.03% |
| LIBOR | 0.4891 | -0.002 | -0.31% |
| US Dollar Index (DXY) | 78.594 | 0.194 | 0.25% |
| 10 Year Govt Bond Yield | 1.92% | -0.06% |
Markets are weaker this morning after the G20 nations refused to increase support for the IMF. Oil is taking a breather after being on a tear for the last 3 weeks. Bond futures and mortgage backed securities are firmer this morning.
For people interested in the World According to Warren, here is his annual letter to shareholders. This annual letter, along with Bill Gross of PIMCO’s letters, are pretty much required reading on the Street. Buffetpalooza (the annual Berkshire Hathaway shareholder meeting) is May 5 which is when all of his admirers descend upon Omaha and paint the town red. Warren’s annual report gives you all the tips on the best shopping and root beer floats in Omaha. Don’t miss the newspaper toss.
Speaking of letters, Paul Singer (of Elliott Associates FD: my old boss) tends to pontificate on his view of politics and the economy. Dealbook has the juicy parts.
Rick Santorum’s economic plan. Cut taxes, cut spending. Krugman must be tearing his hair out.
Lots of economic data this week. Pending Home Sales and Dallas Fed are later today.
Filed under: Uncategorized |
All Things in Moderation 
From Santorum’s economic policy:
Spoken like a man with seven kids. I do appreciate the acknowledgment of the marriage tax as a real issue. I’ve been a zealot on this issue since Dan Quayle made it a cornerstone of his ill-fated presidential run.
LikeLike
Wow, a mere 2% rise in pending home sales and we’re off to the races again. It’s getting so that I can’t imagine the cushing we’re going to get if we get hit with any genuine bad news.
LikeLike
@banned. imo starting to trigger stops in the S&Ps. Challenging the yearly intraday high in early may.
LikeLike
I am now heavily hedged to the short side, though still enjoying the buying orgy in my basic investments.
Never go naked!
LikeLike
“bannedagain5446, on February 27, 2012 at 9:26 am said:
Wow, a mere 2% rise in pending home sales and we’re off to the races again. It’s getting so that I can’t imagine the cushing we’re going to get if we get hit with any genuine bad news.”
But Europe is still going to blow up in October, right?
LikeLike
I never predicted that it WOULD do so.
I said at that time, that the only thing that could stop a recovery would be a European blow up. I got the fiscal policy wrong though. I predicted that the IMF (including the US) would come through with big dollars, but the ECB did it on their own.
LikeLike