Business Summary Links By Day
Dave’s
Daily: http://www.etfdigest.com ‘THUMBS DOWN ON EARNINGS 10-23-12 Suddenly things don’t look good for bulls. Most of it is based on poor earnings
and outlooks from leading companies. It’s strange since earnings season was expected to be poor.
Therefore there must be more to it than that and there is. The idea circulated
Tuesday that Bernanke would not want a second term which might deprive bulls of
the best supporter. A Romney win, now seen as more possible, would cement this
based on his statements to build his own team and disapproval of current Fed
policies. Suddenly with the election close “fiscal cliff” worries are
back front and center once again. Also eurozone issues were with us (again…sigh) as Spain provincial
debt was slashed by Moody’s and the
high court in the EU is examining bailout limitations. Back to earnings news
and the difficulties began with DuPont (DD) where earnings declined 98% and
guidance was reduced. This negatively affected materials (XLB). Next was United
Parcel Service (UPS) which noted declines in shipping overseas (eurozone).
Things went south from there for equities.Economic data featured poor data from
the Richmond Fed (-7 vs +5 expected & prior +4).Monday markets rallied late
as a story suggested the Fed might double the size of QE3 which again is the
candy bulls feast on. Wednesday the Fed will announce their policy and any
changes.Serial new product rollout show from Apple (AAPL) left investors
unimpressed as the stock fell. Like the Fed perhaps you can go to the well one
too many times.Stocks fell sharply across the board without the obligatory “stick save” seen yesterday afternoon.
Support levels were taken out throughout major sectors and there was little
refuge away from cash or bonds. The dollar (UUP) was higher and commodities
(DBC), (USO) & (GLD) were crushed. Bonds rallied on a flight to
safety. Volume increased once again on selling and breadth per the WSJ was
quite negative…’ , Pimco COO blasts financial culture Marketwatch , This
Could Be the World’s
Largest, Most Toxic Banking System… http://albertpeia.com/largestmosttoxicbanksystem.htm , What
If We Adopted A System Where The Banks Did Not Create Our Money? http://albertpeia.com/systemwherebanksdontcreatemoney.htm , Romney’s Detroit
op-ed jumps to NYT’ ‘Most Read’ list
, New Obama ad inflates jobs claim It claims the president
created 5.2 million new jobs. The total number of jobs added is actually about
325,000. { Wobama is such a b***s***! O is a big ZERO as in 4 failed years
minus 4 more years of failure equals 0 years to go come 11-6-12 and 1-21-13! O’s such a
lying con/grifter! } , Lance
Armstrong and America’s growing
culture of psychopathic liars
Natural News | Lance Armstrong’s implosion is being called an “epic
downfall” by CNN.
, Eyes
Wide Shut - "We Are In A Bad Spot" ZeroHedge.com We cannot
escape the conclusion that things
remain hopelessly off track. Whatever form of 'recovery'
is being sought here simply will not arrive. The core of our views is shaped by
the idea that the very thing being sought, more economic growth (and
exponential growth, at that), is exactly the root of the problem. We
suppose we would take a similarly dim view of an alcoholic trying to drink
their way back to health as we do the increasingly interventionist central bank
and associated political policies the world over. We are losing hope that we will navigate
towards anything other than a hard landing at some point because even with
copious amounts of data accumulating suggesting that the old ways are not
working, we cannot detect even the slightest hint of original
thinking or new thoughts coming out of the marbled halls of power. Business-as-usual
and more-of-the-same seem to be the only operative ideas right now. But
what is a bit startling to me is the number of individuals that have not yet
caught onto the idea that things
have permanently and irrevocably changed.
, Greece
Kills Bond Buyback Proposal One of
the zanier proposals floated in the past few weeks, yet sufficient to send
Greek bonds soaring to post-restructuring highs on hopes of a take out, was the
suggestion that Greece would repurchase its fresh-start bonds in the open
market, which recently traded in the teens, and have since virtually doubled,
at a price ~25 cents of par. Obviously since the price of the bonds had been
much lower, even the mere possibility of what is termed in the industry as a
distressed buyback, sent everyone scurrying to purchase the paper, as if it had
any intrinsic economic value (it did not), instead of mere hopes that Greece
would throw even more good money after bad (especially since the fresh start
bonds have a meaningless cash coupon and nobody expects them to be repaid at
maturity). There is also the detail that a distressed buyback is, for the
rating agencies, equivalent to an Event of Default, but knowledge of that small
fact would be demanding too much out of those who scrambled in the latest chase
for yield. Anyway, with all that said, it now appears that the whole idea is
over, with Greek Kathimerini reporting moments ago that Greece has scuttled the
proposal for a bond buyback. , Size
Doesn't Matter As AAPL's New 8-Incher Underwhelms And Bipolar Market Resumes , Corzine
Tells Judge That Due To Purchase Of 50,000 MF Global Shares Before Bankruptcy,
He Must Acquit That former Goldman,
New Jersey and MF Global head Jon Corzine is absolutely convinced he is
innocent of any client money vaporization or wrongdoing, and that the
definition of the phrase "to Corzine (verb- to
trust your money to a prominent individual and to find it has mysteriously
disappeared)" is absolutely arbitrary, is not news to anyone. And if
not convinced then at least at a complete loss to what actually happened. One
just had to recall all the "I don't recalls" the Honorable
Corzine told congress during the makeshift kangaroo court hearing on MF
Global's collapse (even if the final outcome was
less than desired). So it's only logical that the Honorable
Corzine asked a federal judge to "toss a civil fraud lawsuit accusing him
of misleading investors about the risky bets the futures firm was taking before
its collapse a year ago." The WSJ reports that "Corzine's lawyers
blasted the investors' suit as a "jumble of assertions and accusations" that makes
"no sense" that should be dismissed in a filing Friday in U.S.
District Court in New York." …
, Nigel
Farage On The Total Subjugation Of Europe
, Apple
Introduces A Slightly Bigger Samsung S III (And Faster,
"Excel-Optimized" New New iPad 4) UPDATE:
AAPL Stock -2.5% - below Friday's Closing VWAP Below is a picture of the
product that Steve Jobs never wanted launched, and which Apple has been forced
to release due to competitors which are suddenly beating it in its own game… , Record
Direct Bidder Scramble For Safety Of Today's 2 Year Bond Auction , European
Stocks And Bonds Plunge Most In A Month
, The
Gray Economy: Europe's €1.5
Trillion A Year Black Hole , Kaminsky
On The Election: "The Easy Money Days Are Gone" While many are blaming today's weakness on
DuPont and a final awakening that earnings might not hockey-stick as consensus
believes, CNBC's Gary Kaminsky has an interesting angle that is gaining ground
among desks. We can argue all day long that central bank actions have driven a
'wedge' between fundamentals and market prices (as we
did here) and as Gary himself notes "printing
money around the world does not help corporate profits" but
Kaminsky's view of today's weakness is more nuanced to the outcomes of the
election. Critically, he makes the case that the market is starting to realize
that whoever wins in two weeks, there is a more negative bias post-election.
From Obama's higher taxes and more-of-the-same sluggish economy to
Romney's potential China-Trade-war, an implied strong-USD-policy, and
potentially the end of the 'Bernanke-Put'; Kaminsky says
"the easy money days are gone" and warns of a 1000 point correction
being possible.
, Guest
Post: Debt - Driving The Economy Since 1980 Debt. There isn't a day that passes as of late that the
issue of debt doesn't arise. Federal debt and consumer debt (including
mortgages) are of the most concern due to its impact on the domestic economy.
Debt is, by its very
nature, a cancer on economic growth. As debt levels rise
it consumes more capital by diverting it from productive investments into debt
service. As debt levels spread through the system it consumes greater
amounts of capital until it eventually kills the host. The problem is that
during a “balance sheet” recession the consumer is forced to
pay off debt which detracts from their ability to consume. This is
the one facet that Keynesian economics doesn’t factor in. It’s time for our leaders to wake up and smell the
burning of the dollar – we
are at war with ourselves and the games being played out by
Washington to maintain the status quo is slowing creating the next crisis that
won’t be fixed
with monetary bailout.
Submitted by Tyler
Durden on 10/23/2012
Easy come, easier go. After yesterday's
last hour ramp driven by a MarketWatch article that said
absolutely nothing new about the Fed's monetization plans and an AAPL surge
which saw the firm add $22 billion in market cap in one day (or more than the
market cap of CBS Corp) sent stocks green, the overnight session has taken it
all away and then some, with futures now trading roughly 12 ticks lower or at
yesterday's lowest levels. The catalyst is, once again, Spain where Moody's
downgraded five Spanish regions including Catalonia after the market close
(for the reason, see our piece from the weekend "Spanish
Regional Bailout Fund Runs Out Of Money"), coupled with news
from Confidencial that Spain's
budget deficit will overshoot the EU target of 6.3% and hit at least 7.3%,
driven by a €10.5 billion deficit in the social security system, trashing the
promises from last month's Spain's "reform" package, and as
BNP said (confirming what we warned weeks ago), making the conditionality
hurdle suddenly that much higher for Spain. And just as the world was getting
comfortable that Spain will get away with using the OMP with virtually no
conditions. The cherry on top came from France where the business
conditions index slid to a 3 year low on expectations a trough had been put
in place. The result is a tumble in the EURUSD to below the 1.3000 barrier,
dragging stock futures, commodities, and of course Europe with it, sending the
Spanish bond curve yield higher, and generally giving a very sour mood to the
day as traders walk in.
http://endoftheamericandream.com
http://albertpeia.com/selfdefense.htm
[ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the
context of my own direct experience; viz., america’s ‘legal system’ is an
illegal system used to cover-up crimes, arbitrarily enforce laws to apply
pressure, etc., and essentially run by the inmates of this collective criminal
entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
} ; despite enormous amounts of taxpayer money
poured into the ‘federal system’, there’s relatively/proportionately very
little real significant results (an example would be the brutalizing of Martha
Stewart over a $45 thousand transaction while wall street frauds in the
trillions by the biggest players have gone unprosecuted). I believe reasonable
diligence requires self-reliance more than ever before in this nation’s
history; particularly when political correctness in some states prevents
calling a spade a spade to the substantial detriment of law enforcement! ]
Obama’s attacks on Romney belittle presidency Marketwatch {
Indeed! Come on! What can wobama say? He has but a record of abject failure to
run on! And, the record IS unequivocally
utter failure! All the choom fantasy, fellow nigger intimidation and
threats will not change that fact!
Drudgereport 10-23-12: Obama Supporters (niggers et
als) Continue Threats To Riot, Assassinate Romney... }
Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
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. }
New
Threats to Riot if Obama Loses Election...
[ The threats alone are a reason sufficient for backing President
Romney. If left unchecked, the nigger terrorists will be even further
emboldened to their already egregious criminal, terroristic ways. No man,
woman, or child will be safe if the lethal black cancer grows. The 4 years of O
have been complete, utter failure and no amount of wobama b***s*** and nigger
intimidation can change that fact! Quite simply, niggers are inherently
criminal terrorists: Examples of what people are saying include the
following;
“If obama dont get re-elected & romney wins .. on
life every white persons getting pistol whipped and im startin a riot.” (SOURCE)
“If Obama don’t win lets start a riot so Romney know what he’s getting
himself into.” (SOURCE)
“You know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn
OBAMA better get back in office . Or BLACK FOLKS will riot.” (SOURCE)
“If Romney wins im goin on a rampage.” (SOURCE)
“If Mitt Romney wins the election I think its our
duties as Black folks to riot and fuck shit up.” (SOURCE)
“If every action IS met with an equal and opposite
reaction ..what should workers do to employers if Romney’s elected?
#Riot in the streets!!” (SOURCE)
“If Romney becomes president let’s all start
a riot.” (SOURCE)
“If romney wins, imma start a mf’n riot!
Rns.” (SOURCE) ]
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 }
http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm
{ Yeah!
These are typical, mooching, failing (but fun-lovin’/party
animals), unproductive blacks; and non-blacks should be outraged! }
Obama's
Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says
"There Is No God Except Allah"
http://albertpeia.com/ohowweird.htm Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no
prosecute, war/no war, say one thing/do another, truth/no truth, etc.. 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. 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. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm
Wobama’s Choom Gang Bangin’ { This brief video (11
mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }
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
_______________________________________
{ some prior links of current
interest }
