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Started By
Message
Over the next 3 months, will the $ strengthening or weakeing against the £?
Posted on 7/14/14 at 3:22 pm
Posted on 7/14/14 at 3:22 pm
IYO.
And why?
And why?
Posted on 7/14/14 at 3:59 pm to PenguinNinja
Any reason to believe the $ will strengthen?
Posted on 7/14/14 at 4:28 pm to Mr.Perfect
PPP says it will strengthen slightly.
PPP is also very unreliable in the short run.
The answer is: no one knows.
PPP is also very unreliable in the short run.
The answer is: no one knows.
Posted on 7/14/14 at 5:50 pm to TheHiddenFlask
Fed guy (one Fed banker) spoke late Friday afternoon. Low interest rates at least until mid 2015. Read in to that what you will.
Posted on 7/15/14 at 7:33 am to Iowa Golfer
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.
My prediction. Again, we'll know more today. The market will be at almost a complete standstill until we get the word.
Posted on 7/15/14 at 8:43 am to Iowa Golfer
quote:Didn't JPM and GS both beat when they reported this morning?
Mostly based on some bank earnings that are being reported as coming in below expectations
Posted on 7/15/14 at 9:08 am to Iowa Golfer
Both JPM and GS beat analysts expectations on the top and bottom lines according to CNBC and both are up significantly this morning....JPM over $2/share higher.
So what's the 'no' part?
ETA: What bank reported below expectations today?
So what's the 'no' part?
ETA: What bank reported below expectations today?
This post was edited on 7/15/14 at 9:18 am
Posted on 7/15/14 at 9:41 am to LSURussian
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.
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.
Posted on 7/15/14 at 12:41 pm to PenguinNinja
currency futures is a really good way to lose a lot of money very quickly. if you need to ask this sort of question on this board, you probably shouldn't be buying or selling futures.
Posted on 7/15/14 at 2:36 pm to Iowa Golfer
You posted:
quote:So what bank has reported below expectations? I have not seen any.
some bank earnings that are being reported as coming in below expectations
Posted on 7/15/14 at 3:40 pm to LSURussian
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.
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.
Posted on 7/15/14 at 3:47 pm to Iowa Golfer
The precall was actually yesterday. I thought today was already Weds.
Surprised you don't get an invite to listen in to the pre call Russian. You're a player aren't you?
Surprised you don't get an invite to listen in to the pre call Russian. You're a player aren't you?
Posted on 7/15/14 at 4:30 pm to PenguinNinja
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.
Posted on 7/15/14 at 4:32 pm to Iowa Golfer
quote:But that's not the same as not meeting expectations this quarter which is what you posted at 7:33 this morning. So is that your way of admitting you have not seen where any banks did not meet expectations?
Lots of newspaper articles out there expecting lower than last year's same quarter, which is exactly what happened.
quote:I'm sure you're right. I just try to pay the bills. I'm usually fairly successful doing that.
You should really find something better to do, you're not very good at trolling, and I suspect not much better at making money.
quote:Nah, I'm small potatoes, unlike you.
Surprised you don't get an invite to listen in to the pre call Russian. You're a player aren't you?
My Y-T-D stock trades for 2014 are only $8,067,150.16 cost basis which is way behind last year's pace when my stock trades were $20.4 million for the entire year.
I don't even smoke cigars, play golf, or need to pay a therapist to advise me to talk to myself in the mirror when I shave to keep me from thinking about eating a bullet.......
Posted on 7/15/14 at 4:57 pm to LSURussian
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.
Posted on 7/15/14 at 5:35 pm to Iowa Golfer
You claim I'm the one here who "picks apart minutia" right after you start adjusting a bank's current earnings for what it will have to reverse later and whether the bank complies with GAAP in order for you to justify your earlier statement about banks not meeting expectations?
That's gold, Jerry....GOLD!!
I own stock in several banks. I just wanted to know where you saw that banks were not meeting expectations since I have not heard anything about it. You really didn't have to go all Rambo just because I asked you about it.
That's gold, Jerry....GOLD!!
I own stock in several banks. I just wanted to know where you saw that banks were not meeting expectations since I have not heard anything about it. You really didn't have to go all Rambo just because I asked you about it.
Posted on 7/15/14 at 6:01 pm to LSURussian
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.
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.
Posted on 7/15/14 at 9:10 pm to Iowa Golfer
quote:No, it wasn't.
Your question was answered at 9:41 A.M.
quote:I asked it again because you had not answered what banks were reporting short of analysts expectations.
You asked the same question at about 2:30 P.M. for reasons known only to you.
Are you trying to say no banks have reported under expectations and that your statement at 7:33 AM was incorrect?
I don't pay anyone to advise me, btw.
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