Financial Review

Milk and Cookies in the Land of No Satisfaction

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-05-2014.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review DOW + 100 = 17,484 SPX + 11 = 2023 NAS – 2 = 4620 10 YR YLD un = 2.35% OIL + 1.69 = 78.88 GOLD – 28.20 = 1141.00 SILV – .72 = 15.42 Record highs for the Dow Industrials and the S&P 500. The midterm election is history, and it was a big night for the GOP. Republicans will have at least 52 Senate seats, a gain of 7. In the House, the GOP will now have at least 243 seats, a gain of 14. The GOP also gained 2 net governorships. So it was a big night. However, Obama was not on the ballot, even though some of the campaign ads made it sound that way; he’s got 2 more years and he still has veto power. It takes a two-thirds majority in both the House and Senate to override a veto. Republicans have nowhere near two-thirds of either chamber. So, get ready for 2 more years of gridlock. One takeaway is that people are not satisfied with the economic progress of the past few years. While Wall Street is at record highs and the unemployment rate has dropped, that just isn’t enough. Fewer people participated in stock market gains and even though more people have jobs, the jobs aren’t paying what they used to. It doesn’t mean the numbers are wrong; the Dow closed at 17,484 and …

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Financial Review

Hot, Hot, Hot

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-19-2014.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS09192014 Financial Review DOW + 13 = 17,279 (record) SPX – 0.96 = 2010 NAS – 13 = 4579 10 YR YLD – .04 = 2.58% OIL – .61 = 92.46 GOLD – 8.60 = 1217.20 SILV – .73 = 17.89 The Dow Industrials posted the 18th record high close of the year. The big story on Wall Street today was the Alibaba IPO. You’ve probably never heard of Alibaba, so here is a quick update. Alibaba is China’s biggest online marketplace, and it combines online shopping with online banking, and a search engine. It is the world’s most popular online shopping site; it’s even bigger than eBay and Amazon combined. As a search engine, it goes up against Google and Microsoft’s Bing. It also provides financial services; you could buy certain things using AliPay, so it competes with the new Apple Pay, and it even has its own money market fund with $87 billion in assets; so it’s kind of like a bank. The company was founded in China 15 years ago by an English teacher named Jack Ma, who is now the richest man in China, with personal net worth over $20 billion. Early investors include Yahoo, with a 16% stake in the company; and Softbank, with a 32% stake. You might think it was a good day for Yahoo; not so much. Yahoo sold 120 million BABA shares, keeping more than …

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Financial Review

Brilliance in Euphemistic Ambiguity

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-18-2014.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review DOW + 109 = 17,265 SPX + 9 = 2011 NAS + 31 = 4593 10 YR YLD + .03 = 2.63% OIL – 1.40 = 93.02 GOLD + 1.60 = 1225.80 SILV un = 18.62 Stock moved higher for a third day. Record high closes for the Dow and the S&P 500. The Dow notched its 17th record close of the year; the S&P posted its 34th record high close for the year. The stock market is in Fed mode. The Fed wrapped up their policy meeting yesterday, and they didn’t scare anybody; they even gave added assurance that they will be overly communicative. Interest rates are probably going to go up in the future but not at any specific time that can be identified. The Fed stuck with the phrase “considerable time” which is a great way to speak words that contain absolutely no meaning. Brilliant, brilliant performance in euphemistic ambiguity. And even if the Fed tightens, the rest of the world’s central banks are getting looser, and it just figures that some of that will spill over to Wall Street. The ECB lowered rates so much that they’ve gone negative. Just the other day, the People’s Bank of China pumped about $80 billion into five banks. The number of investment advisors that are bearish is at the lowest level since 1987. When bears start to dwindle to extremely low …

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