Financial Review

Nice Little Planet

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-18-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 11-18-2015 DOW + 247 = 17,737 SPX + 33 = 2083 NAS + 89 = 5075 10 YR YLD + .01 = 2.27% OIL + .03 = 40.70 GOLD + .20 = 1071.00 SILV – .01 = 14.28   Stocks rallied the most in four weeks, while Treasuries pared losses. The dollar traded near a seven-month high against the euro. Oil was little changed near a two-month low after dropping below $40 a barrel in New York for the first time since August as producers’ output swelled global inventories to a record. U.S. supplies climbed to the highest for the season in more than 80 years.   A predawn police raid on an apartment building in a Paris suburb led to the deaths of two extremists, including the alleged ringleader of last weekend’s attacks – although there is no official confirmation; the raid also resulted in seven arrests. Police also found plans in the apartment for more attacks on Paris. French President Hollande renewed his case for an extension to a state of emergency decreed after the attacks and for changes to the constitution that he said would make France safer. Meanwhile, a French aircraft carrier headed to the eastern Mediterranean to intensify the bombardment of ISIS positions in Syria.   Hacking collective Anonymous accessed and took down more than 5,500 social media accounts associated with ISIS. As part of its efforts, Anonymous …

READ MORE →
Financial Review

Move Along

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-09-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 33 = 17,548 SPX + 4 = 2051 NAS + 12 = 4922 10 YR YLD + .06 = 2.30% OIL – .07 = 52.71 GOLD + 1.30 = 1160.30 SILV + .27 = 15.49   The major stock indices finished well off the highs for the day but still in positive territory. The New York Stock Exchange was open for business today, following a 3.5 hour shutdown yesterday. While yesterday’s outage stopped trading at the New York Stock Exchange, shares listed on that exchange continued to trade on other venues such as the Nasdaq Stock Market and Bats Global Markets. NYSE officials blame the halt in trading on a software update that didn’t work out. And they say it was just coincidental that United Airlines had computer problems that grounded flights for 2 hours. And it just coincidental that the Wall Street Journal Website went down just before trading was halted. And it was just coincidental that the ZeroHedge website went down just before trading halted. And it was just coincidental 12 hours before the shutdown, the hacktivist group Anonymous sent a Tweet saying, “Wonder if tomorrow is going to be bad for Wall Street…. we can only hope.” And it was just coincidental that China’s stock market was going through its own meltdown, though much more fundamental in nature; and the Chinese were more than …

READ MORE →
Financial Review

Goodnight and Good Luck

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-11-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe   DOW – 6 = 17,862 SPX – .06 = 2068 NAS + 13 = 4801 10 YR YLD un = 1.98% OIL – .75 = 49.27 President Obama has asked Congress for formal authorization to fight the Islamic State that would prohibit the use of “enduring offensive ground forces” and limit engagement to three years. The proposed resolution says Islamic State “has committed despicable acts of violence and mass execution.” Its militants have killed thousands of civilians while seizing territory in Iraq and Syria in an attempt to establish a hub of jihadism in the heart of the Arab world. Don’t expect a quick vote by Congress, maybe something in March, maybe just more talk.   We keep hearing that ISIS is growing, and one way they recruit jihadists to their cause is through slick websites and social media. So, you might be wondering why the government doesn’t just close down those sites. I don’t know, but today, the hacktivist group Anonymous has launched a massive cyber-attack against ISIS. A list of more than hundred Twitter and Facebook accounts suspected to belong to Islamic militants has been released by Anonymous. Twitter has already suspended more than 1500 ISIS accounts since the group released the first list in June, 2014 and dozens of militant recruiting websites were knocked offline using collective DDoS Attack. Thousands of Twitter accounts associated with ISIS are still active and spreading jihadist propaganda, but …

READ MORE →