The breathless commentary regarding Intel is laughable -- particularly as it warned back in August.
In line with revised/lowered guidance.
The FOMC minutes underscore a fundamentally weak domestic economy.
And the market's positive reaction to the minutes' release continues to underscore that the David Tepper market ("Bad News Is Good News") is still in place.
Financials Looking Fine
Nice turnaround in financials today -- a group that appears to be responsible for the turn in the overall market.
Just when everyone -- and that includes me (!) -- had given up on the sector!
Tab for Mortgage Mess
The foreclosure chaos could cost U.S. lenders $2 billion for every month that home seizures are delayed.
Today, FBR Capital's Paul Miller says that the tab for the foreclosure chaos could cost U.S. lenders $2 billion for every month home seizures are delayed.
Goldman Sachs, based on a continuation of QE and lower real interest rates, has raised its 12-month price target for gold to $1,650 an ounce from the prior forecast of $1,365.
Goldman's three- and six-month gold price forecasts now stand at $1,400 an ounce and $1,525 an ounce, respectively.
China Puts a Dent in World Equity Markets
China surprised the world's markets by raising reserve requirements for six commercial banks.
This put a dent in the world equity markets overnight.