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#21 | |
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Thinks s/he gets paid by the post
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A .75 Basis point cut has dropped the cost of goods for every bank in America by 16% (4.25-3.5). Banks can either keep the difference and increase profit margin (net interest) or lower rates and encourage borrowing, either result as good as long as the avoid loaning lots of money to people with lousy credits at very low rates. Judging from some the post around here banks seem to be a lot more careful about lending. It is equivalent of OPEC announcing that tomorrow the price of oil will drop from $90 to $75/barrel, and Airbus and Boeing both annoouncing a buy 5 jets get 1 free promotion. This may not change the fundamental structural problems of the airlines, but for the short and intermediate term it is really good for their profits. |
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#22 | |
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Recycles dryer sheets
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#23 |
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Thinks s/he gets paid by the post
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#24 | |
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Thinks s/he gets paid by the post
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You obviously know better than I do.
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"Fortune favors the brave" - Virgil |
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#25 |
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Thinks s/he gets paid by the post
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No the rally didn't change anything the rate cut did, I guess I wasn't clear. The rate cut has fundamentally increased the short and intermediate profitable of banks, who are the most trouble sectored of the economy. The rate cut caused the rally that is all I am saying, I think you were implying that the rally was irrational.
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#26 | |
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Thinks s/he gets paid by the post
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Posts: 1,090
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Life is GREAT! |
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#27 |
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Recycles dryer sheets
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That's what's so cool about JW; things are bad, go red; pretty good, go black; really, really, really good, go blue!
(Of course there is a JD route of green and black that cover the first two steps.) (Or should we be talkin' about the 12 steps ... )t.r.
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Marge: Homer, the plant called. They said if you don't show up tomorrow don't bother showing up on Monday. Homer: Woo-hoo. Four-day weekend. |
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#28 |
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Recycles dryer sheets
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Wait until they revise that last jobs report upward substantially, and it will be "R" for Rally mode.
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#29 |
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Recycles dryer sheets
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This mornings update:
08:31 ET Dow , Nasdaq , S&P : [BRIEFING.COM] S&P futures vs fair value: +7.6. Nasdaq futures vs fair value: +26.8. Stock futures continue to point to a higher start. The majority of earnings reports from last night and this morning have been better than or inline with expectations. For those of you who realize how powerful my ability to call the end of the recession was I thought I'd let you know that I am available for speaking engagements at a very nominal fee ... ![]() t.r.
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Marge: Homer, the plant called. They said if you don't show up tomorrow don't bother showing up on Monday. Homer: Woo-hoo. Four-day weekend. |
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