[email_link] Tim Geithner, the US Treasury secretary, acted to shield Citigroup’s bondholders and management from accountability at the height of the financial crisis while taxpayers were left on the hook, a former US bank regulator has alleged. Sheila Bair, who served as chairman of the Federal Deposit Insurance Corp during the crisis and its aftermath, levelled…
Here is the headline I just read: U.S. equity futures have rebounded following the release of disappointing economic data! It’s almost too funny. Crappy economic data makes markets go up. Yup…there is actually some speculation of QE3.5…no I am not making this up. The real story overnight is China now pulling a…
A few things to cover: The market should bounce from here. I say this because the worst areas like the XME reversed today but more importantly, the crooks will paint the tape into the end of quarter. Of course, that is illegal so it really doesn’t happen. BUT there has been internal damage…
[email_link] Some of the replacement referees working for the NFL — the nation’s most lucrative sport — aren’t even good enough for the Lingerie Football League, it was revealed on Tuesday. The LFL, which fields women playing in bras and skimpy underwear, announced that it had fired several of the referees now calling prime time NFL…
There is not a thing I liked about today’s action. I think the only good news here is that we are into end of month and end of quarter…so may get window dressing. But October looms…and not sure there are any countries left to print money. Transports gross…semis caving…reits top and a lot of…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/092518.mp3 JUST LETTING YOU KNOW A Wake-Up Call Very simply, what we do here is interpret markets by looking at the underlying action and then when something occurs, we react to it and let you know about it. Sometime when we put in lows in the market, it’s sometimes short-term, sometimes intermediate-term and sometimes…
[email_link] U.S. airlines collected more than $1.7 billion in baggage fees during the first half of the year, the largest amount ever collected in that six-month period. Delta Air Lines Inc. once again claimed the title as the airline collecting the most in baggage fees: nearly $430 million from January through June. The slightly larger…
[email_link]
[email_link] During his first run for president, Barack Obama made one very specific promise to voters: He would cut health insurance premiums for families by $2,500, and do so in his first term. But it turns out that family premiums have increased by more than $3,000 since Obama’s vow, according to the latest annual Kaiser…
Futures up because blah blah blah strong euro/weak dollar…or whatever. Bottom line, as I told you, charts for indices look fine…normal sitting/pullback past few days. The problem here is finding new merchandise…meaning new breakouts/set-ups. Not a lot here. KORS prices secondary at $53…with the stock above $54 as I write this. I am hoping…
