Business Summary Links By Day
Dave’s
Daily: http://www.etfdigest.com ‘GOOGLE SLIP ROCKS MARKETS 10-18-12 China’s GDP data
fell to 7.4% from 7.6% previously. This caused a rally in Asia in general on
ideas of more stimulus which the Chinese
have sent mixed messages. One report said they wouldn’t be doing any QE like
their global peers fearing inflation while others have stated the opposite.
China isn’t that
transparent but neither are we given some of the data U.S. authorities have
been issuing.Jobless Claims return to normal after the BLS and DOL realize they
screwed up (388K vs 365K & prior revised from 339K to 348K). So a bump of
48K higher in claims even with revisions is the highest in many years. This
comes with little explanation with bullish spin from financial media attributed
to unnamed technical and/or seasonal considerations. The Philly Fed was
positive (5.7 vs .5 expected & prior -1.9). Leading Indicators were
unsurprisingly positive (.6% vs .2% & prior -.4%).UBS states there were 3 more incidents of
fraudulent trading by employees just now discovered. These banks are too big to
manage properly and current risk management capabilities are inept
obviously.The dollar (UUP) had a slight uptick while the poorer Chinese
economic data caused gold (GLD) prices to drop modestly once again. Chinese
gold imports of gold are down but they’re still importing and are large producers of the metal.Oil
prices (USO) dropped on supply (2.86 million bbls vs 1.3 million bbls expected)
and most commodity markets (DBC) were flat to weaker. Bonds (TLT) were weaker
even as stocks were mixed to weaker.Google (GOOG) stole the earnings show
Thursday as their earnings report was released early and by accident. The “note” on the release stated “pending Larry” meaning it had to be
approved first. That person who sent it is now looking for work somewhere like
Alta Vista. No matter since the earnings and revenues were terrible unless “Larry” decides to alter them
which he can’t. 165 hedge
funds and most of Wall Street talking heads are long the stock. They were all
over the airways today saying the stock must be bought now, but they’re talking their books
clearly. The report is what matters ($9.04 vs $10.65 expected & revenues
$11.33 billion vs $11.86 billion) not the release timing. It still remains a
great company but at what price and PE? This is what the market will try and
sort out.Tech overall has been underperforming (IBM), (AAPL), (GOOG), (XLK),
(SMH) and financials (XLF) have been outperforming. There’s a change in
leadership if a rally continues favoring the latter. It’s important to remember a
couple of important issues. With tech you pay a premium (higher PEs) for
growth. Should growth falter for any reason PEs get compressed more rapidly
since investors didn’t get the
growth they were paying for. (Note: after the close MSFT missed on both
revenues and earnings.) There has never been a bull market in
history without financials either in the mix or leading. Since the 2009 low,
financials rallied smartly but over the last 2 years they’ve been range bound as
doubts going forward have vexed investors. Now they seem at another important
resistance area with a chance to move forward—a chance.Volume picked up slightly but still remains on the
light side while breadth per the WSJ was mostly negative...’
The failed banana
republic/welfare state of california, for wobama with eyes closed, a
corruption/fraud/crime-ridden state desperate to help 4 year failure obama by
whatever fraudulent/corrupt means:
‘…Business Insider's Henry Blodget claiming that
"Well, we're glad to say that we've finally gotten to the bottom of what
happened" and that the state in question is none other than California
(supposedly as opposed to Illinois to shut up those wacky conspiracy
theorists). Turns out the site known best for its slideshow presentations (which
will soon double down as advertisements)
may have once again fibbed just a little, following an official demand by none
other than California state Employment Development Department direct, Pam
Harris (the typical lying nigger), that BI retract its article. To wit:
"Reports that California failed to fully report data to the U.S.
Department of Labor, as required, are incorrect and irresponsible... It’s unfortunate
this ‘reporter’ and others who repeated the article’s erroneous statements
chose to speculate rather than report, failing to confirm this information with
EDD." Sure enough, the 'reporter' in question replied, and it appears that
Business Insider is better informed than California when it comes to matters
such as these, and has refused to retract…’
http://www.marketwatch.com/story/ignore-volatile-jobless-data-hiring-still-slow-2012-10-18
‘…The
culprit: California. The nation’s most populous state appears to have shown a
smaller number of claims than usual two weeks ago. The seeming shortfall was
probably made up for in the most recent data. Since California is the state
with the highest number of overall claims, it can have a big influence on the
weekly U.S. report. The number of people who apply for benefits each week in
the Golden State is roughly equal to New York, Texas and Illinois combined. A
message left with the employment development department of California wasn’t
immediately returned…’
What can you expect from
niggers...0! The niggerization of caifornia:
10
states stealing California's population { Stealing? I don’t think
so. There’s really nothing positive to say about california as a (w)hole! Only
jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that
was not nearly the case concerning california which has fallen far and fast.
} ,
What Do California And Detroit
Have In Common? (Hint: niggers, etc.) http://albertpeia.com/californiadetroitdeclineincommon.htm { Not to be confused with the baseball
Tigers: Congratulations on their pennant win! Go Big Cats! },
Failed Wobama model illustrated: 16 Reasons To Move Away From
California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Pro 0 New York’s not much better with their trillion dollar wall street
frauds/drain.
http://theeconomiccollapseblog.com
http://albertpeia.com/55factsaboutusdebtfinancesvotersshouldknow.htm
Microsoft earnings fall ahead of slate of releases { There
should be no surprise here … microsoft word/windows 2000 professional … that’s
it … all downhill thereafter … newer op systems are invariably unstable
regardless of the amount of ram or processor (ie., AMD/Intel). Terrible!
Pathetic! Horrible! What can you expect from a failed government protected
monopoly. }
http://endoftheamericandream.com
http://albertpeia.com/50crazythingswobamasupportersthreatening.htm
{ The question is do
americans have the courage to stand up to the uncivilized terrorist niggers by
giving the deserved boot to an egregiously failed president obama who has proven
himself to be a typical jive-talking b***s*** nigger himself! Or, are americans
going to cower in fear of the nigger threats and prove to the world they are
but cowards of a failed nation. }
http://theeconomiccollapseblog.com
http://albertpeia.com/massiveriotsinamerica.htm
{ Ah, yes,
says the optimist who sees the opportunity in every calamity and not vice
versa. Indeed, President Romney’s election based upon american people’s survival instincts and
an awakening from the wobama b***s*** slumber of decline will provide the
opportunity to incarcerate the niggers who will use such as an excuse to do
what they’re
inclined/predisposed to do anyway, and in one lawless form or another, are
already doing. Prison or sub-saharan Africa are the only places suitable for
niggers. Let no man, woman, or child fall prey to their intimidation and
uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm
VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
ZeroHedge.com
The
ridiculous economic data continues. Those looking at the headline Philly Fed,
which jumped from -1.9 to 5.7, trouncing expectations of 1.0, such as the NY
Fed's Simon Potter are pushing buy buttons left and right. And yet anyone who
takes the 2 minutes to look at the internals, such as the collapse in the
Number of Employees Sub-Index, which tumbled from -7.3 to -10.7 (the lowest
since September 2009), the decline in the Average Employee Workweek, or the
surge in Prices Paid from 8 to 19, double the change in Prices Received which
means plunging corporate profits, or the ever critical New Orders which
declined from 1.0 to -0.6, and one can see why this is a report only an Econ
Ph.D-cum-Central Planner can love. Finally adding insult to injury, is
the 6 month forecast, which unlike all other regional Fed diffusion indices,
collapsed by half, from 41.2 to 21.6, as the Hopium at least in the city of
brotherly mugging appears to be running out. Stocks kneejerk in every possible
direction hoping the Fed will provide a direction.
Submitted
by Tyler Durden on 10/18/2012
Translation:
Goldman is now buying Brent from its clients, aka Goldman 101.
Submitted
by Tyler Durden on 10/18/2012
Homework favors the wealthy. This is the position that the increasingly imbecilic President of
France is taking in proposing a ban on homework as part of a
series of educational reforms. As ABC
reports, Hollande sees "education as a priority" but work should
be done during school hours rather than at home "in order to
establish equal opportunities." But before the children of France
rejoice, Hollande is unlikely to garner their future votes, as his proposal
also looks to extend the French school week to nine half-days a week to be
spread over four, five, or six days (as opposed to the current four days a week
with Wednesdays off). Though we may sneer at this oh-so-socialist ideal of
'sharing' the homework load into the school-day, it is perhaps noteworthy that
the US still lags France in Math (US 31st in the world vs France 22nd).
Submitted
by Tyler Durden on 10/18/2012
So
much for last week's aberration initial claims print of 339K (revised higher of
course to 342K). With expectations of an increase to 365K, the DOL just came
out with a whopper of a miss, the largest in three months, at 388K, an increase
of 46K in one week, which was also the highest print in three months. Remember:
this number will be revised to 391K next week. So much for single print
indicative of a recovery. As the chart below shows, the rate of change was a
13.45% from last week: the highest in five years! So far,
there has been no explanation from the BLS or DOL for last week's outlier
print. And no, last week's print was not due to California, which the DOL
reported just decreased by 4,979 in the week ended Oct 6, not the required 49K.
What is however worse, is that it is becoming increasingly clear that nobody at
the DOL knows what is actually going on following
a statement by the Labor Dept that "it appeared that
state-level administrative issues were distorting the data", and
numbers are simply picked out of thin air. Finally, in truly amusing news,
those on Extended Benefits have once again started to rise, after dropping to
virtually 0 following expiration of state benefits.
Keiser Report:
Enema of the State
RT.com | Max Keiser and Stacy Herbert discuss banksters
having the “eyes
of used enema resellers.”
U.S.
to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says
Bloomberg | The sovereign credit rating of the U.S. will be
cut as “fiscal
theater”
plays out in the world’s biggest economy.
US
unemployment aid applications jump to 388,000
foxnews.com | Weekly applications for U.S. unemployment
benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest
in four months.
Foxconn
says underage workers used in China plant
Reuters | Foxconn Technology Group, the world’s largest contract
electronics maker, has acknowledged hiring teenagers as young as 14 in a
Chinese factory.
U.S.
to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says
Bloomberg | The sovereign credit rating of the U.S. will be
cut as “fiscal
theater”
plays out in the world’s biggest economy.
Chinese
Electricity Consumption And Production Both Point To Sub 7% GDP Reality
Zero Hedge | GDP is now trendlining well
below the official 7%.
Former
U.S. Comptroller Says U.S. Faces Fiscal “Abyss”
New American | Former
U.S. Comptroller General of the United States David Walker just finished
another tour across the country promoting “fiscal reform and responsibility”.
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 }
