Comments on: JOBLESS CLAIMS SURGE, SEARS DISAPPOINTS http://pragcap.com/jobless-claims-surge-sears-disappoints Sun, 12 Feb 2012 11:38:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: TPC http://pragcap.com/jobless-claims-surge-sears-disappoints/comment-page-1#comment-5029 TPC Thu, 20 Aug 2009 18:41:17 +0000 http://pragcap.com/?p=7708#comment-5029 Well, we can tell from the recent trading figures that they are injecting huge amounts of their own capital into the markets. The problem in such an environment is that if we experience a double dip that cash will come out much faster than it went in. Like pulling a rug out from under your feet.... Well, we can tell from the recent trading figures that they are injecting huge amounts of their own capital into the markets. The problem in such an environment is that if we experience a double dip that cash will come out much faster than it went in.

Like pulling a rug out from under your feet….

]]> By: prescient11 http://pragcap.com/jobless-claims-surge-sears-disappoints/comment-page-1#comment-5026 prescient11 Thu, 20 Aug 2009 18:11:13 +0000 http://pragcap.com/?p=7708#comment-5026 TPC, as to your earlier point, when mortgage delinquencies are spiking 8.8% I do not think banks are sending their reserves into this market. Why should they when they can steal from us by having the Fed. pay interest on their reserves. This is such absolute bullshit. TPC, as to your earlier point, when mortgage delinquencies are spiking 8.8% I do not think banks are sending their reserves into this market. Why should they when they can steal from us by having the Fed. pay interest on their reserves.

This is such absolute bullshit.

]]> By: TPC http://pragcap.com/jobless-claims-surge-sears-disappoints/comment-page-1#comment-5016 TPC Thu, 20 Aug 2009 16:58:27 +0000 http://pragcap.com/?p=7708#comment-5016 Yeah, it must be nice to have a few billion of other people's money to toss around in the equity markets. It's almost like they have a free shot at a ponzi scheme. Just keep propping up stocks with the Fed dollars and you can continually increase your profits and effectively create a self reinforcing positive information stream....As long as the economy doesn't collapse they can do this for years. Yeah, it must be nice to have a few billion of other people’s money to toss around in the equity markets. It’s almost like they have a free shot at a ponzi scheme. Just keep propping up stocks with the Fed dollars and you can continually increase your profits and effectively create a self reinforcing positive information stream….As long as the economy doesn’t collapse they can do this for years.

]]> By: James http://pragcap.com/jobless-claims-surge-sears-disappoints/comment-page-1#comment-5015 James Thu, 20 Aug 2009 16:55:48 +0000 http://pragcap.com/?p=7708#comment-5015 TPC as Henry said. All you have to do is look where the banks profits have come from. Banks/financials from Bank of America to Goldman Sachs are making their money in TRADING. There is a problem when a commercial bank is making its profits from trading and its losses is on loans and the markets rally because that signifies that the economy is doing better. Banks will not begin lending until they begin making profits on loaning, until then, they will just trade. And thanks to the Federal Reserve they have a hell of a lot of cash to play around. And with Goldman Sachs representing almost 25% of the volume on the NYSE...well...I just don't know anymore. TPC as Henry said. All you have to do is look where the banks profits have come from. Banks/financials from Bank of America to Goldman Sachs are making their money in TRADING. There is a problem when a commercial bank is making its profits from trading and its losses is on loans and the markets rally because that signifies that the economy is doing better. Banks will not begin lending until they begin making profits on loaning, until then, they will just trade. And thanks to the Federal Reserve they have a hell of a lot of cash to play around. And with Goldman Sachs representing almost 25% of the volume on the NYSE…well…I just don’t know anymore.

]]> By: Henry http://pragcap.com/jobless-claims-surge-sears-disappoints/comment-page-1#comment-5014 Henry Thu, 20 Aug 2009 16:55:29 +0000 http://pragcap.com/?p=7708#comment-5014 http://www.bloomberg.com/apps/news?pid=20601087&sid=aX8uql8tRH2g U.S. Economy: Philadelphia Factory Gauge, Leading Index Rise Mortgage Delinquencies Figures today on mortgage loans showed how continuing job losses are hurting consumers and the economy. The share of loans with one or more payments overdue rose to 9.24 percent of all mortgages, an all-time high, the Mortgage Bankers Association said. The inventory of homes in foreclosure increased to 4.3 percent, the most in three decades of data. http://www.bloomberg.com/apps/news?pid=20601087&sid=aX8uql8tRH2g
U.S. Economy: Philadelphia Factory Gauge, Leading Index Rise
Mortgage Delinquencies

Figures today on mortgage loans showed how continuing job losses are hurting consumers and the economy. The share of loans with one or more payments overdue rose to 9.24 percent of all mortgages, an all-time high, the Mortgage Bankers Association said. The inventory of homes in foreclosure increased to 4.3 percent, the most in three decades of data.

]]> By: Henry http://pragcap.com/jobless-claims-surge-sears-disappoints/comment-page-1#comment-5013 Henry Thu, 20 Aug 2009 16:36:36 +0000 http://pragcap.com/?p=7708#comment-5013 TPC, from the earning of the banks, the majority of their profits come from trading arms. What get me mad is that GS which is a bank holding and does NO lending get free interest money from the FED...If the program was intended to help American businesses then it's not working because less lending are taking place. If the banks passed the stressed tests, then get off the food stamps program. With retail horrible, initial claims up..foreclosures up, the market should go down but it goes up...Day to day is the best idea in this environment to me. Speedy, when you talk about CNBC...please consider their track records of being WRONG. TPC, from the earning of the banks, the majority of their profits come from trading arms. What get me mad is that GS which is a bank holding and does NO lending get free interest money from the FED…If the program was intended to help American businesses then it’s not working because less lending are taking place. If the banks passed the stressed tests, then get off the food stamps program. With retail horrible, initial claims up..foreclosures up, the market should go down but it goes up…Day to day is the best idea in this environment to me.

Speedy, when you talk about CNBC…please consider their track records of being WRONG.

]]> By: TPC http://pragcap.com/jobless-claims-surge-sears-disappoints/comment-page-1#comment-5011 TPC Thu, 20 Aug 2009 16:24:55 +0000 http://pragcap.com/?p=7708#comment-5011 These moves make me wonder whether it is psychologically driven or liquidity driven. In other words, is the move simply irrational or is all that cash on bank balance sheets making its way into the stock market.... These moves make me wonder whether it is psychologically driven or liquidity driven. In other words, is the move simply irrational or is all that cash on bank balance sheets making its way into the stock market….

]]> By: prescient11 http://pragcap.com/jobless-claims-surge-sears-disappoints/comment-page-1#comment-5010 prescient11 Thu, 20 Aug 2009 15:52:54 +0000 http://pragcap.com/?p=7708#comment-5010 Agreed 100%. This market is going to end very very badly one of these days. End of story. We as a country are royally screwed... Agreed 100%. This market is going to end very very badly one of these days.

End of story.

We as a country are royally screwed…

]]> By: Jeff http://pragcap.com/jobless-claims-surge-sears-disappoints/comment-page-1#comment-5009 Jeff Thu, 20 Aug 2009 15:44:01 +0000 http://pragcap.com/?p=7708#comment-5009 There is still some heavy weakness and resistance in the background: 38.2 Fib, jobs, credit problems, mortgage delinquencies, consumer spending, monday's sell-off. It's only going up today because i took a small short position after the job's data. There is still some heavy weakness and resistance in the background: 38.2 Fib, jobs, credit problems, mortgage delinquencies, consumer spending, monday’s sell-off.

It’s only going up today because i took a small short position after the job’s data.

]]> By: James http://pragcap.com/jobless-claims-surge-sears-disappoints/comment-page-1#comment-5006 James Thu, 20 Aug 2009 15:04:11 +0000 http://pragcap.com/?p=7708#comment-5006 The markets ignore what it wants and focus on what is wants. Trust me...if these initial jobless claims fell, the S&P would be up over 2% today. Why...? Because initial jobless claims is less than expected. Why did the markets go up yesterday...? Because retail did better than expected (through Home Depot and the like). Now? Well initial claims is WORSE than expected. Retail did WORSE than expected. Yet we rally because of a manufacturing report. Just like natural gas today (which I am looking to get into but have not yet). The build of natural gas increased by +52bcf as opposed to the +60bcf that was expected. What happened to natural gas? It is currently down. The spot price is down like 2%. And the price is already down about 40% this year. And the ratio of oil to natural gas is now like 24, which is historically incredibly high. There isn't a real explanation. The madness will continue as long as people chase the rally, stupid retailers believe the government and investment banks/funds spread lies, disinfo and push their weight around. Everything else (like the economy) is petty. The markets ignore what it wants and focus on what is wants. Trust me…if these initial jobless claims fell, the S&P would be up over 2% today. Why…? Because initial jobless claims is less than expected. Why did the markets go up yesterday…? Because retail did better than expected (through Home Depot and the like).

Now? Well initial claims is WORSE than expected. Retail did WORSE than expected. Yet we rally because of a manufacturing report.

Just like natural gas today (which I am looking to get into but have not yet). The build of natural gas increased by +52bcf as opposed to the +60bcf that was expected. What happened to natural gas? It is currently down. The spot price is down like 2%. And the price is already down about 40% this year. And the ratio of oil to natural gas is now like 24, which is historically incredibly high.

There isn’t a real explanation. The madness will continue as long as people chase the rally, stupid retailers believe the government and investment banks/funds spread lies, disinfo and push their weight around. Everything else (like the economy) is petty.

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