Comments on: Everett Dirksen Would be Horrified http://www.ritholtz.com/blog/2009/07/everett-dirksen-would-be-horrified/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 19:03:21 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: leftback http://www.ritholtz.com/blog/2009/07/everett-dirksen-would-be-horrified/comment-page-1/#comment-193313 leftback Tue, 14 Jul 2009 17:55:29 +0000 http://www.ritholtz.com/blog/?p=32213#comment-193313 I'm inclined to agree that a rally in the financials is just getting started, just watch the scramble if everyone gets too short ahead of C and BAC and they have an "upside surprise", or Tiny Tim unrolls a bailout for CIT. It is quite possible that the Q2 early earnings news will be good, led by the IBs and the money center banks, and energy/materials will probably be "better than expected" like Alcoa. After that, retail/industrial/shippers earnings will not be so hot, as price slashing is probably already starting to take a toll on the bottom line. I’m inclined to agree that a rally in the financials is just getting started, just watch the scramble if everyone gets too short ahead of C and BAC and they have an “upside surprise”, or Tiny Tim unrolls a bailout for CIT.

It is quite possible that the Q2 early earnings news will be good, led by the IBs and the money center banks, and energy/materials will probably be “better than expected” like Alcoa. After that, retail/industrial/shippers earnings will not be so hot, as price slashing is probably already starting to take a toll on the bottom line.

]]> By: karen http://www.ritholtz.com/blog/2009/07/everett-dirksen-would-be-horrified/comment-page-1/#comment-193203 karen Tue, 14 Jul 2009 14:44:19 +0000 http://www.ritholtz.com/blog/?p=32213#comment-193203 "...unreal money." You got a big smile out of me on this one. Thank you, Jack! “…unreal money.” You got a big smile out of me on this one. Thank you, Jack!

]]> By: davossherman@gmail.com http://www.ritholtz.com/blog/2009/07/everett-dirksen-would-be-horrified/comment-page-1/#comment-193135 davossherman@gmail.com Tue, 14 Jul 2009 12:16:38 +0000 http://www.ritholtz.com/blog/?p=32213#comment-193135 “Do you mean to tell me it took you guys less than half a century to devalue the U.S. dollar so much that now a trillion is the mock trivial sum a billion used to be? Do you guys even know that a trillion is a thousand billions? Pretty soon you’re talking about unreal money…” I truly think that says it all. Thank you for yet another super read. “Do you mean to tell me it took you guys less than half a century to devalue the U.S. dollar so much that now a trillion is the mock trivial sum a billion used to be? Do you guys even know that a trillion is a thousand billions? Pretty soon you’re talking about unreal money…”

I truly think that says it all. Thank you for yet another super read.

]]> By: Dow http://www.ritholtz.com/blog/2009/07/everett-dirksen-would-be-horrified/comment-page-1/#comment-193118 Dow Tue, 14 Jul 2009 05:28:46 +0000 http://www.ritholtz.com/blog/?p=32213#comment-193118 It's rather surreal to watch Washington tend bar for the party goers on Wall Street. Have they just completely missed that folks all over the nation are losing their jobs left and right? It's bizarre. It’s rather surreal to watch Washington tend bar for the party goers on Wall Street. Have they just completely missed that folks all over the nation are losing their jobs left and right?

It’s bizarre.

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