Wednesday, April 13, 2011


NEW YORK (Reuters) – "JPMorgan Chase & Co posted a 67 percent increase in first-quarter earnings, topping Wall Street expectations, as it set aside less money to cover bad loans.

But the news was not all positive for the second-largest U.S. bank. It said it was still suffering from high mortgage losses. The bank's book of consumer loans shrank by 10 percent in the quarter, and loans to companies did not rise enough to offset that. *(DID this wonderful QTR come on TRADING PROFITS? HOUSING VALUES GO DOWN BUT THEY ALLOW LESS FOR LOAN LOSSES???????????) Don't dispair it looks like the incrowd EXECS will be pocketing some HEFTY bonuses!!

JP MORGAN PROFIT UP 67%  (I'm so happy I could %&*&^#$)
"But the results were good enough to lift JPMorgan shares 1.2 percent in premarket trading. JPMorgan is the first of the big banks to post quarterly results, and its earnings often give investors a hint of what to expect from other financial companies.

These were good numbers. They beat estimates, but not massively. I think the financial sector generally is holding up but is not performing quite as well as we would like to see," said Peter Dixon, an economist at Commerzbank in London."


WASHINGTON, D.C. (April 13, 2011) ” Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Associationân Weekly Mortgage Applications Survey for the week ending April 8, 2011.

The Market Composite Index, a measure of mortgage loan application volume, decreased 6.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6.3 percent compared with the previous week. The Refinance Index decreased 7.7 percent to its lowest level since February 11, 2011. The seasonally adjusted Purchase Index decreased 4.7 percent from one week earlier. The unadjusted Purchase Index decreased 4.1 percent compared with the previous week and was 11.4 percent lower than the same week one year ago.

The four week moving average for the seasonally adjusted Market Index is down 3.3 percent. The four week moving average is up 0.7 percent for the seasonally adjusted Purchase Index, while this average is down 5.3 percent for the Refinance Index."

Friends, what more can I say? It's Spring Time and hope "springs" eternal, but we are truely trapped in a GROUND HOG DAY WORLD.
As THE FED continues to inflate, and DENY existance of inflation, or suggest they could UNWIND their actions since 2009 with no worries mate.....this is truely a dream world scenario.

Ever since the FED (who else?) has begun their rate policy manipulation scheme, there has been boom and bust cycles and they are occuring more frequently then in any past cycle history...and they can DENY DENY DENY all they want, we now sit for 3 YEARS!!!??? at FED FUNDS 0% !!!  this and the QE BS has helped the DOOR hit the $ in the ass.

YOU POOR BASTARDS (oh me too) who want NOTHING to do with the PONZI SCHEME we call the US STOCK MARKET, the LAND of the LILI PUTIANS where each avg AMerican is made a bitch and a BAGHOLDER, a SLAVE.....the sole intent of the current policies are to make you POORER and the JPM'S of the world richer is all going to plan as the ploy to KILL THE US $ is on schedule and leaving US with little else to do but RUN don't walk to RISKY ASSET CLASSES for want of some MONEY SITTING around in general is PUNK TRASH.

....and THEY aren't even trying to conceal the scheme...they are doing it and talking about it in BROAD DAYLIGHT....these DOGGONE VAMPIRES are sucking us dry in broad daylight, not even waiting for the dead of night!!!

BABY BOOMERS are now approaching and into the twilight years, the GOLDEN YEARS (gold?) and most expect to collect.....the joke is do you really think there is a STASH sitting there in a LOCK FRICKIN BOX for SS and any liabilities the GOVT would be on the hook for? HIGHER TAXES A LOCK?

The joke to all the HOOPLAH and FANFARE regarding the recent TAX CUT NEWS PROPAGANDA is milk curtling....because some of the programs listed either really don't exist or mean anything, these IDIOTS are playing with us, EVEN now cannot tell the truth or act in our best interest.

If YOU continue to rely on MSM and believe what is spewing from their pieholes, ignorance and a BAG is what awaits you.

I don't know that we can do anything, the game is complicated, and is set up to confuse you. Obama is just another clown with a suit they parade as a leader...another populist sellout.

ALL we can do, and its what I do is enlighten myself to THE TURTH, and maybe that's all I can do, talk about it...try to spread the word...I do this everyday here and wherever I go.....and I will as long as I can.

OH, the stats from yesterdays "SELLOFF" were as I suggested not impressive, and thats the reason for todays BRIGHT GREEN OPENING FUTES, no surprise there....still NO TEETH in the selling....every dip a BULLISH DREAM OPP...go for it!

Did you catch that Japanese joker, the official eating the tomato so the people would not be afraid of the RADIATION? bet those tomatoes didn't come from anywhere near that atomic plant.....


No comments: