Business Summary Links By Day
Dave’s
Daily: http://www.etfdigest.com ‘CENTRAL BANKS STILL IN CONTROL 10-4-12 From the FOMC Minutes we now know that policy
makers are in full experimentation mode. There is division and the ability to
establish benchmarks and an exit strategy are still a work in progress. This is
our currency they’re messing
with. Clearly the congress and successive administrations aren’t really overseeing
policies as much as they pretend. The ECB’s Draghi held
a press conference today announced no decision on interest rates and stated
things were just okey-dokey in Spain and elsewhere. The ECB has purchased no
sovereign debt yet or bonds from banks, and for all we know they never will.
And, let’s not forget
the obligatory restatement from Super Mario that “the euro is irreversible”. This you must take on
face value. In the meantime Spain has stated it wants no part of any so-called
bailout given politically unpalatable conditions. (Maybe they’ll just call it something
else…snicker.) They, like
others, wish to buy time by invading their Social Security trust fund. The U.S.
congress knows how to do this too and we’re mighty proud to lead the way in this! Jobless Claims
Thursday were about as expected (367K vs 370K expected & prior revised
higher as usual to 363K from 358K). This data continues to be poor no matter
the bullish spin. Factory Orders were weak (-5.2% vs .6% expected & prior
2.8%) so that’s a beat then
sort of. We’ll have
Friday’s big employment report to
look forward to and analysts are busy recalculating possible scenarios
(consensus currently 113K jobs & rate still 8.1%). Then there’s that debate from last
night which Romney won. One thing that did was lift coal stocks (KOL) since he
touted it. Anyway, that was just round one with more to come in debates and
then a lot of viciousness.The dollar (UUP) continues to drop allowing precious
metals (GLD & SLV) to rally along with other commodities (DBC & USO)
for example. Bonds (TLT) fell as stocks rallied. We forget stock bulls like the
“weak dollar, strong stock” trade. It does fly in the
face of one of the Fed’s dual
mandates, “protect the
purchasing power of the dollar”.For us we’re just lowly
trend-followers—perhaps with
an attitude—so we’re long markets no matter
how we feel emotionally. After all this is my opportunity to rage at the
machine all I want.So, as indicated, stocks rallied once again led by
financials (XLF), miners (XME), healthcare (XLV) and energy (XLE) among other
others.This will be another short posting given Friday’s potentially market moving
employment report.Volume remained light before the report Friday but clearly
bulls are enthusiastic regarding QE globally. Breadth per the WSJ was positive…’
After the debate debacle for Obama, we’ll find out if we have a race
Obama mocks Romney as ‘getting tough on Big
Bird’ { Wow! Great point O. I bet that point wasn’t
even teleprompted; strictly your own. Now people know why america’s going down
so fast and furious! } Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you
don’t have to love Romney but you at least have to like yourself in saying
‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect.
His grade is unequivocally ‘F’ for failure, having failed to do as promised
which coincidentally is a direct cause among others of this debacle called
america’s dark obama years. All the talk/b***s*** cannot change that reality. Obama: Biggest mistake too much perspiration, not enough
inspiration [What total b***s***!]
{ Biggest mistake: too much b***s***, not enough substance; that’s reality, not
spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier
Knox, Yahoo! News { Riiiiight!
Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special
consideration’ alone, never having done anything of substance in his entire
life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to
be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative
amnesia that works well in the continuing ‘narrative’ devoid of fact on his
‘more b*** s*** campaign trail’ littered with the cowpies of stark reality.
People owe themselves and their children more than this grifter’s con which in
numbers measures more than the increased deficits of all the presidents since
President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm
} Obama Asks
People Getting Married To Forgo Gifts...
Donate
To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice
for the grifter wobamas so they can continue livin’ large on the taxpayer dime
while accomplishing nothing except greater public debt to hide his failure.
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. It’s laughable to hear him blame congress for his lack of
accomplishments when the reality is that he ‘really wasn’t there’ for any of
it. For wobama the presidency is just endless debate, rhetoric, campaigning,
vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***,
and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into
election-year desperation / promises, etc., is just a fool of the worst
kind! AP: ‘…THE
FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate
floor for full consideration. The bill would have created a path to citizenship
for many young illegal immigrants brought to the United States as children.
Last week, Obama announced plans to stop deporting illegal immigrants who would
have qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal
duty to shareholders and invested in companies with poor earnings prospects?
After all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable record
deficit spending exceeding all the presidents since Eisenhower combined to
obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept
your birthday or anniversary gifts, too...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES
HIM SO WRONG. YET, IT’S A
MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive
extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares
with oscar in hand that not one high level wall street exec has been prosecuted
… despite ‘earning’
billions from the fraud ) Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street
accountable for the meltdown. ‘THE OBAMA DECEPTION’
http://albertpeia.com/obamadeceptionhighqualityversion.flv
, etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR
PLACE OF BIRTH CORRECT – THE
FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING
FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late
2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the
following year. I now see a similar confluence of events .. “the new
recession has started.”… Over the past 33 years, we have called the start of
every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the
true rise in prices. Therefore, what is counted as “growth,” is actually
price increases. Actual inflation..is now more than 11%. Using that to adjust
GDP for inflation, would show that the economy is now in a very sharp
contraction…’ } , WOBAMA ET ALS’
DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL,
COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT
MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S
UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS
PRESIDENT (Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will
be no significant recovery in the United States of America while Barack Obama
is President. The evidence is overwhelming: everything Obama has
tried to fuel a recovery (with his Democratic allies in Congress) has
failed. Statistics claiming jobs saved by the stimulus package were
mostly fiction, and cost American taxpayers about $275,000 each. Nearly
2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama
has been President for 30 months—2-1/2 years. He spent the first year obsessed with
passing Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.
He “bailed out” GM, but many believe that his interference didn’t save GM;
it merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too numerous
to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE
PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING
GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA …
GOOD RIDDANCE!
Marc
Faber & Jim Rogers On Our "Clueless, Ignorant, Dangerous" Leaders ZeroHedge.com While the discussions between
these two legends varied from Phat Phong nightlife to Dow 30,000, and from
China bullishness to AAPL bearishness, it was the conversation about the
actions of Bernanke, and more importantly our political leaders that summed up
perfectly the dreadful reality in which we find ourselves. The punchline: "It is very dangerous to have ignorant
people believing that they know something." { Yes! I absolutely believe that this ‘punchline’ is both
important and accurate but extends far beyond the realm of ‘political leaders’!
} ,
Artemis
Capital "Modern Financial Markets Are A Game Of Impossible Objects" { I’d say more simply that they’re just
insanely criminal and require complete ablution by severe, substantial and
numerous prosecutions, incarcerations, fines, and disgorgement of the
ubiquitous fruits of their fraudulently criminal labor. There has never been as
now such a total divorcement from all principles of finance/economics in favor
of fraud at every level of society as facilitated by modern technologies
invariably put to bad use in furtherance of the debilitating frauds. } , Iran
Arrests Gang-Of-16 'Currency Manipulators' A gang of 16 shady individuals
have been arrested by Iranian officials for allegedly smuggling currencies outside the banking
network in order to increase the value of foreign currencies and to disturb the
public. As CNN
reports, amid the protests in the clip below, Iran says the 16 unidentified
individuals "had used an atmosphere
of psychological war created by the enemy" and colluded
with "certain domestic and foreign
groups" to exacerbate conditions. One of the accused,
allegedly, had $300mm going through a bank account and "will be dealt with soon."
Those arrested "were the main players in the recent fluctuations in the
foreign currency market," the Tehran Judiciary said in a statement as the
public panics over a 60% drop in its currency's purchasing power in the last
few weeks. Of course, a 99% drop in the USD's purchasing power is acceptable to
the US public since it has been achieved over a century or so...
Submitted by Tyler
Durden on 10/04/2012
UPDATE: ZNGA re-opened -13%, now -16%
That foundation of social media
monetization has just announced a cut to its outlook and plenty more. The stock
is currently halted but its proxy FB is being sold after-hours...
Who couldanode? Securitizing synthetic
farms and paying huge premia for acquisitional growth wouldn't pay off? Is
OMGPOP accepted as collateral at the ECB yet?
Submitted
by Tyler Durden on 10/04/2012
The fact that naturally scarce
currencies like gold do not hyperinflate — even in times of extreme economic stress — suggests
that the underlying mechanism here is of an extreme exogenous event causing a
severe drop in productivity. Governments then run the printing presses
attempting to smooth over such problems — for instance in the Weimar Republic when workers in
the occupied Ruhr region went on a general strike and the Weimar government
continued to print money in order to pay them. While hyperinflation can in
theory arise either out of either ?Q or ?M, government has no reason to
inject a hyper-inflationary volume of money into an economy that still has
access to global exports, that still produces sufficient levels of energy and
agriculture to support its population, and that still has a functional
infrastructure. This means that the indicators for imminent
hyperinflation are not economic so much as they are geopolitical — wars,
trade breakdowns, energy crises, socio-political collapse, collapse in
production, collapse in agriculture. While all such catastrophes have
preexisting economic causes, a bad economic situation will not deteriorate into
full-collapse and hyperinflation without a severe intervening physical
breakdown.
Submitted by Tyler
Durden on 10/04/2012
Threaky Thursday. Oil
perfectly round-tripped its plunge from yesterday (ending back above $91.50) as
Treasury yields caught 'up'
to equity strength on the week. USD weakness was a one-way
street of straight-line trend from 0500ET in EUR today - until the Fed minutes
broke something. Gold and
stocks continue their synchronized lift - though gold is still
the clear winner post QEternity. Trannies outperformed again but the
day-session in the Dow and the S&P were largely treading water - after the
factory-order-driven stop run surge this morning. Meanwhile, all those
front-running winners in MBS land have seemingly started to unwind - as mortgage spreads have retraced
post-QEternity gains quite significantly (which is likely what
helped Treasury yields higher today - though the convergence to risk also
helped). The ubiquitous 3ET AAPL ramp was modestly front-run and epically
failed as the stock-that-shall-not-be-named
closed red with a $666 handle once again with some major volume at the close.
VIX was solidly banged lower right at the close (coinciding with AAPL's high
volume action) to end at 14.55 (down 0.88vols) in line with the S&P.
Submitted by Tyler
Durden on 10/04/2012
Same members, same voters, same views,
same tools:
*FED OFFICIALS SAW MANAGEABLE BOND BUYING
RISKS, MINUTES SHOW
Warnings
That A Massive Stock Market Crash Is Imminent
China
To Challenge US Dollar Reserve Currency Status
Gold
Core | China is actively taking steps to phase out the US dollar.
U.S.
Added More Debt Monday Than From 1776 Through Pearl Harbor
CNS
News | The federal government added $93,245,605,914.16 to its debt on Oct. 1,
the first day of fiscal 2013.
AP Business
Highlights
...Yahoo Market
Update…
http://albertpeia.com/archives.htm
FBI Nazi
Bikers Bust FBI Nazi Bikers - What's Up At The FBI/DOJ?
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Wobama’s
Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a
watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... {
http://albertpeia.com/wobamaschoomgangfantasy.htm }
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t
have wobama’s luxury of feigned amnesia suffering from what wobama did and
didn’t do contrary to promises last time around the perpetual campaign trail
littered with his typical jive-talking b***s***! The following headline will
help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington Post has been diligently
digging into relatively innocent high school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama, by all accounts, was a
habitual drug user in high school. He tried cocaine, he admits in Dreams
From My Father; he “tried drugs enthusiastically.” The Chicago Tribune
reported back in 2007 that Obama thanked the “Choom Gang” in his high school
yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu
Advertiser reported that Obama’s senior portrait “prominently displayed …
A package of ‘Zig-Zag’ rolling papers and a matchbook.” One of Obama’s close
friends was arrested for drug possession during high school.In his memoir,
Obama talked about routinely getting high. “Junkie. Pothead,” he wrote. “That’s
where I’d been headed: the final, fatal role of the young would-be black man.”
But, according to Obama, he only got high because he was contemplating deep
matters: drugs could “push questions of who I was out of my mind.” Obama told
students in 2007 that this activity constituted “goofing off” and “wasting
time”:"I will confess to you that I was kind of a goof off in high school
as my mom reminded me," Obama said. "I went to high school in
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.
http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself for round two by
eating a Golden Retriever. More on this breaking story here.If
you're wondering what the rules are regarding a candidate's past; how far back
we're allowed to go in an attempt to define them -- the answer is simple: the
corrupt media will let us know.
Obama WILL NOT pursue gay marriage as part of party
platform...
STONE: 'Playing a
cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper Cover With
Zimmerman In Noose { and civilized people everywhere should respond with
niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO
– Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model –
see next headline! ...
Failed Wobama model illustrated: 16 Reasons To Move Away From
Postal Service loses $3.2b in first quarter...
78% of
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{ some prior links of current interest }
