June 5 Bloomberg Interview With The Great Michael Steinhardt
(Via Infectious Greed)
(Via Infectious Greed)
Although downside risks to growth remain, they appear to have diminished somewhat, and the upside risks to inflation and inflation expectations have increased. – Fed Statement, June 25 After 7 consecutive cuts in the Fed Funds rate from 5.25% down…
“SIVs now find themselves in the eye of the storm.” – Citigroup Research Report (subscription required) “In other words, Citigroup is setting up a fund to buy assets from itself.” – Mike Shedlock, “Super SIVs – A Fraudulent Attempt At Concealment”,…
The catalyst for today’s rally is the rumor that the Obama Administration is in the process of putting together a bad bank proposal to buy up bad assets from financial institutions. The financials are crushing today with the XLF up…
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In the past (Iran) would have put a little bullish impetus in these markets, but it isn’t today. Perhaps it’s telling. – Addison Armstrong (subscription required), Analyst, Tradition Energy The story in financial markets for the last bunch of days has…
The last time an opportunity of this nature existed to buy banks stocks this cheap was in 1990. The next time will be in 20 years. This is a once-in-a-generation opportunity. – Dick Bove, Financials Analyst, Punk Ziegel, “The Financial…