Business Summary Links By Day
GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL PLUNGE
43% By Mamta Badkar | Business Insider http://albertpeia.com/shillingsaysstockswillplunge43percent.htm
, Dave’s Daily:
http://www.etfdigest.com BULLS RETAKE TAPE ON
LIGHT VOLUME 4-11-12 ‘As noted in Tuesday’s commentary the trusty $NYMO
(McClellan Oscillator) had signaled severely oversold market conditions. As a
result, any shred of bullish news would spark a rally. Sure enough, on cue,
Alcoa (AA) beat much reduced estimates and somewhere from the bowels of the ECB
came the message they “might” be willing to buy “some” Spanish debt. Like I
said, it wouldn’t take much “might” and “some” language to get the bullish wave
going.Bread and Circuses is a metaphor for a superficial means of appeasement.
It was the basic Roman formula for the well-being of the population, and hence
a political strategy unto itself. It also coincided with the decline of Rome. From Wikipedia the
definition continues: “It describes the creation of public approval, not
through exemplary or excellent public service or public policy, but through
diversion, distraction, and/or the mere satisfaction of the immediate, shallow
requirements of the a populace.” And who would argue this not being the current
situation in our modern society and political leaders.More serious news from
Wells Fargo
which forecast better new home sales which in turn bid up homebuilders (ITB)
and others loosely linked to the sector. Who can qualify for new home mortgage
loans has become a challenge. Nevertheless, this is the sector leading stock
indexes higher Wednesday.The Fed’s Beige Book was released at 2 PM and
indicated ongoing modest economic expansion. The previous employment report was
not factored in and the report overall was as expected. Then it’s no
coincidence that the report was preceded and followed by all manner of Fed
governors campaigning in support of Fed policies. Then later the government
announced the budget deficit for March at $198 billion. This was little noticed
since the Fed is now buying over 80% of the debt the Treasury is selling which
puts officialdom at least in “Three-card Monte” territory. When you have a
printing press you don’t need a charge card. For Americans, as long as they can
buy iGadgets, a car and go to the mall why should they care? These features are
the highlight from the bread and circus environment we live in.Gold (GLD) was
flat as was the dollar. Bonds (TLT) saw a little profit-taking and commodities
(DBC) overall were mixed.Volume was nearly half Tuesday’s heavier volume which
continues the overall distribution trend. Breadth per the WSJ was positive
perhaps undoing some short-term oversold conditions (see $NYMO chart)…’ , Europe Will Collapse in May-June April 11, 2012 By gpc1981 http://gainspainscapital.com
http://albertpeia.com/europecollapseinmayjune.htm
, Shilling
Shuns Stocks, Sees S&P At 800 http://albertpeia.com/shillingsaysstockswillplunge43percent.htm
Durden 04-11-12 , Goldman
Previews Q2: Sees 150K Jobs Per Month Created, And A Slowing Of The Economy
, Pimco
Takes Record MBS Position Even Higher, Dumps Treasurys , The
Scariest Chart For High Yield Bond Holders , Biggest
Weekly Stock Outflow Of 2012 Proves Retail Is No Longer Dumb Money; And Nobody
Listens To Goldman , Chris
Martenson: "Are We Heading For Another 2008?" { YES! Worse!
Systemic, structural, and long-lasting! } , Global
Systemic Risk Is Rising Rapidly Again , US
Posts Biggest March Budget Deficit In History, Or How The ???? Chart Became The
????+? Chart , The
Anatomy Of A USD-Funding Crisis And The Fed's Global Swap-Line Bailout , The
"Net Worthless" Recovery Hits Peak Marxism , Stocks
Stalled At Post-NFP VWAP As European Banks Resume Freefall , Map
Of The Dead: How To Survive The Zombie Apocalypse , Import
Prices Surge Most Since April 2011 , Guest
Post: Dueling Economic Banjos Offer No Deliverance Americans have been
listening to the mainstream financial media’s song and dance for around four
years now. Every year, the song tells a comforting tale of good ol’
fashioned down home economic recovery with biscuits and gravy. And, every
year, more people are left to wonder where this fantastic smorgasbord
turnaround is taking place? Two blocks down? The next city
over? Or perhaps only the neighborhoods surrounding the offices of CNN,
MSNBC, and FOX? Certainly, it’s not spreading like wildfire in our own
neck of the woods…Many in the general public are at the very least asking “where
is the root of the recovery?” However, what they should really be asking
is “where is the trigger for collapse?” Since 2007/2008, I and many other
independent economic analysts have outlined numerous possible fiscal weaknesses
and warning signs that could bring disaster if allowed to fully develop.
What we find to our dismay here in 2012, however, is not one or two of these
triggers coming to fruition, but nearly EVERY SINGLE conceivable Achilles’ heel
within the foundation of our system raw and ready to snap at a moment’s
notice. We are trapped on a river rapid leading to multiple economic
disasters, and the only thing left for any sincere analyst to do is to
carefully anticipate where the first hits will come from. Four years seems like
a long time for global banks and government entities to subdue or postpone a
financial breakdown, and an overly optimistic person might suggest that there
may never be a sharp downturn in the markets. Couldn’t we simply roll
with the tide forever, buoyed by intermittent fiat injections, treasury swaps,
and policy shifts? The answer……is no.
Miscellaneous
Business Headlines
AP Business
Highlights
...Yahoo Market
Update…
Infowars.com | Now is the time to put an end to
Obama’s treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
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{
some prior links of current interest }
