Between low interest rates for…

[private]Between low interest rates for the next 2 years (at least) and lower energy prices, consumers may finally be getting some relief.[/private]

This idiotic but welcome rally…

[private]This idiotic but welcome rally is further proof that quant trading dominates the markets. Bad for capital formation. Market is casino.[/private]

Fed to stock market: Drop Dead…

[private]Fed to stock market: Drop Dead? Not exactly, but close enough to disappoint. Keeping rates low through mid-2013=economy weak until then.[/private]

The market’s short-term respon…

[private]The market’s short-term response to Fed is Bronx Cheer. Markets are like spoiled kids looking to be rescued for their own mistakes.[/private]

US banks appear to be well-cap…

[private]US banks appear to be well-capitalized with tons of cash. Question is how much bad debt they still need to write off. #C #BAC should be ok.[/private]

Looks like this rally is going…

[private]Looks like this rally is going to hold. God help us if it doesn’t. Market psychology too fragile. Need Obama to stay in hiding.[/private]