Over the next 3 months, will the $ strengthening or weakeing against the £?

PPP says it will strengthen slightly.

PPP is also very unreliable in the short run.

The answer is: no one knows.

And today (and tomorrow I think) we'll learn more perhaps. I think the bull runs through the middle of next year. I think we hear today that rates are staying low. The carry trades involving the dollar will continue to provide cheap financing for banks, and I see no change. Mostly based on some bank earnings that are being reported as coming in below expectations and the one central banker opening his yap late Friday.

My prediction. Again, we'll know more today. The market will be at almost a complete standstill until we get the word.

Yes and No.

Cliff notes version - About .13 of JPM eps is going to eventually be backed out. Maybe not formally. I calculate closer to .17. The experts indicate .13. Take forward charges they carry forward, and back them in to this quarter.

Depends whose expectations were talking about.

Yes, you're correct, everything beat the analysts. But frankly that doesn't take much as companies issue guidance throughout the quarter designed at exceeding analysts.

The reports pre release were mostly lower. You do see my post was at 7:33AM right? What time did they release their earnings this morning? Lots of newspaper articles out there expecting lower than last year's same quarter, which is exactly what happened.

In any event, what was reported today by JPM and its comparability to GAAP is unclear. Last year's same quarter GAAP was $1.60.

Actually most "reports" about the actual earnings (after this morning's release) by more sophisticated sources clearly say the bar was lowered for both banks significantly.

I'm not sure what you read, but in both cases there are charges carried forward. Footnotes and all that boring stuff. Footnotes on the income statement. If you have access Edgar you can get it when the statement is actually available. I'm not sure it is right now, but I listened in two day's ago to their pre call, so unless they plan to commit fraud, it will be there.

You should really find something better to do, you're not very good at trolling, and I suspect not much better at making money.

No surprises today except the social media thing. Pretty much exactly what was predicted. Bank earnings are a concern, and we're going to keep lower interest rates for a while it seems. I'm not sure how Yahoo Finance reports it, or whatever it is that you read.

Over 3 months, I see the EUR/USD being supported just by basis technicals right now. Right now 3-month EUR/USD XCC basis is about 10 2/3 basis points, which means you can get paid that much by buying euro's and selling them back in 3 months. Your standard French/German 3-month bills are giving you another basis point so you've got an all-in trade of 11-12 basis points right now for playing the XXC basis. On the flip side USD GC repo is only giving you 10 basis points even after a lot of Treasury bill supply settling today. That trade alone is enough to support the euro at the minimum, not to mention the forward points are favorable.

That made me laffy.

You're a good dude. Sometimes you just pick apart minutia, and most times I know what I mean, but it doesn't come off the keyboard like what's in my head. For the record, I've never really had suicidal thoughts. I do play golf and smoke cigars. I shave about every 2-3 days. If I feel like it.

Your question was answered at 9:41 A.M.

You asked the same question at about 2:30 P.M. for reasons known only to you.

You are posting on a computer? No? You presumably can use Google and find what I referencing? I take you at your word, your net worth is above $20MM. At least one of your accounts trading volume is if I read that part correctly. At some point shouldn't you be asking your paid advisers? Or shouldn't they be advising you about this stuff? Especially if you own it.