Money
S&P Earnings
Intersting charts from The Chart Store.
Worth a look and a bit of thinking about whether the market is cheap or not.
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BofA needs 34bn$
Somebody please help me understanding this: BofA, capitalization 74bn$, needs to raise 34bn$ because it is apparently failing the requirements of the stress test. This would probably mean a diluiting of 50%. Yet the stock is up 7%.
Below from Yahoo! finance:
NEW YORK (AP) — Bank of America Corp. stock rose as investors appeared comforted by [...]
FED’s secret plan against inflation
Please take a few minutes to watch this hilarious video from the onion network.
Brilliant as usual, it highlights FED’s secret plan to reduce money supply and therefore prevent inflation from kicking in after such mussive printing.
Treasury Department Issues Emergency Recall Of All US Dollars
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A sustainable bull market?
Stocks have been shooting up for 8 weeks in a row so far, and quite a lot. I am asking myself if I am one of the few dulls that staid on the sidelines looking at the beginning of a secular bull market, missing out on bargain prices that we won’t see for decades, or [...]
Is the bottom in?
It seems most of the market participants believe the bottom is in on the equity, with the Dow, S&P and Nasdaq way above the minimum of March after a 7 week (bear) Rally. I am not so convinced and therefore stay almost fully cash waiting for the true bottom to be in. If I am [...]