Looks like Fed's Charles Evans has picked up some GE calls for his 401k account http://graphicsweb.wsj.com/php/FEDSPEAK_HIGHLIGHTS.php ' "Substantial accommodation" will be warranted through the end of the year, possibly into 2011'
Bullard, 49, said thereâs no agreement among policy makers on when to begin selling assets, and the economic recovery remains too fragile to start immediately. âI donât think you could do any kind of tightening policy right now,â said Bullard, who stressed he wasnât commenting on the Fed chairmanâs remarks or on the views of his Fed colleagues. http://www.bloomberg.com/apps/news?pid=20601068&sid=aVMsKXGRZEbI This man wont dissent
Apparently Hendry likes NLY http://www.eclectica-am.com/pdf/EAMF/reports/EAMF1002.pdf I dont get it what is the advantage of using that instead of Fed Funds Futures. You can play the carry trade there with less company/stock related risks. Yes the risk reward is not great but there is no free lunch, these guys are levered 10-1 to the front end, the same way a guy loaded up on ZQ is. The difference is you dont run the risk of accounting fraud and a number of other risks
Final sales revised lower in this GDP report "Final sales grew a meager 1.7 percent, following a 1.9 percent rise in the third quarter." Yes, the economy is strong
Fed's Bullard 'Nervous' Over Housing Weakness http://www.cnbc.com/id/36054068 The man wont dissent in all likelyhood
Greenspan on bloomberg http://www.zerohedge.com/article/al...the+survival+rate+for+everyone+drops+to+zero) I very much agree with his view that the stock market is boosting this recovery. That is the reason everyone was so wrong back in Q2 2009 about the coming economic outlook. Even the possibility of 2010 GDP growth of 2-3% seemed a strech, but the market made that possible. The rally probably boosted consumer spending to higher levels than otherwise would have been reached
"The core price index for personal consumption expenditures, which excludes volatile food and energy, rose 1.3% compared to February 2009. It was 1.5%, year over year, in January 2010. The Fed checks the index for signs of inflationary pressure within the economy. Monthly, the core index was flat in February compared to the prior month. The PCE price index including food and energy prices also was unchanged in February compared to January and climbed 1.8% year over year." - WSJ More disinflation
Have been out in Las Vegas for the past few days, easily one of the top 5 epicenters of the real estate bust. All I can say is that if this is a weak economy, I shudder to think what a booming economy would look like. Folks are spending money as if it has no value at all. I'm pretty sure this is what Bernnake wants, and I would say he is succeeding.
Woods is 4.4-1 dog to win the 2010 Masters on Betfair. Amazing drop, last year bettors routinely put him as 2-1 dog(sometimes less). His implied probably went from 36% to 18% according to my calculations, historically he has won something like 25% of the majors he is in(this number might not be accurate). Fading him would be crazy, the question is, is there value in betting on him. Maybe the market is expecting too much impact from the marriage scandal but I dont know at this point