Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com POOR CHINA & EURO
NEWS SURFACE 4-13-12
‘On some occasions you see equities in a slow death spiral
supported invariably by ZIRP and QE. It’s not a new experience for markets
since we’ve had both factors dominating markets over the past three years. When
the punchbowl is removed we move sharply lower as this seems to be the only
support available. Stocks sell-off on sharply higher volume from both the public
and insiders. Poor economic data (Jobless Claims) then drives Fed governors to
the speaking circuit with hints of QE and further stimulus as Dudley
and Yellen did Thursday, and markets rally. Wash, rinse and repeat. Thursday also featured the
“rumor” that Friday’s China’s
GDP data would exceed 9% rather than show contraction. This helped Thursday’s
rally but then bulls met reality when the number was only 8.1%. (Buy the rumor,
sell the fact.) There are some companies (too few it seems) like Apple (AAPL)
and International Business Machines (IBM) doing great things and performing
well. And with major indices being price-weighted by both companies, real
returns can mislead. Friday stock prices fell sharply
driven lower by China
GDP report and more crummy news from the eurozone.
Spanish 10-year bonds pushed yields over 6% making the spread to German Bunds
(1.6%) quite wide. In Italy
new government debt is being issued only for less than one year duration. This
is a very bad sign as investors aren’t willing to risk longer-term duration.Most everything reversed course Friday as stocks
were weaker, bonds (TLT) and the dollar (UUP) higher, commodities (DBC, USO,
GLD) weaker—wash, rinse, repeat.JP Morgan (JPM) and Wells-Fargo (WFC) reported
earnings that were not well received. Overall these reports impacted financials
(XLF) negatively with Citigroup (C), Bank of America (BAC), Goldman Sachs (GS)
and Morgan Stanley (MS) on deck to report next week.Frankly
2012 may become a carbon copy of 2011 and 2010 from a seasonal view. This seems
strange but coincides with DeMark Indicators and QE conditions.Volume was only marginally higher than
yesterday’s large light volume rally. Breadth per the WSJ was quite negative…’Steinhardt
On The Fed's Failure And The End Of Wall Street As We Know It Durden 4-13-12 The
low interest rate 'logic' is not
working and "the economy can't gain
any zest, can't gain any vigor" is how Michael Steinhardt describes the
crushing of 'widows and orphans' that the Fed has embarked upon. In a Bloomberg
TV interview, the WisdomTree chairman notes the broad
'pall' over the equity markets (conjuring images of a funeral procession down
Trinity Street) pointing out that there is no reason to be wildly bullish here. Citing Wall Street's lack of 'spirit', he questions the
entire raison d'etre of efficient capital transfer as
becoming secondary as he rather poignantly asks who has benefited from Fed's
policies "Certainly the banks. But ordinarily you'd say, well, low
interest rates benefit housing. It certainly hasn't benefited housing."…’
, Why
JPM's "Chief Investment Office" Is The
World's Largest Prop Trading Desk: Fact And Fiction "What Bernanke is
to the Treasury market, Iksil is to the derivatives
market" , Egan Jones
Downgrades JPMorgan ‘The iconoclastic rating agency, and fully recognized
NRSRO to the dismay of some tabloids, which just refuses to play by the status quo rules, and which
downgraded the US for the second time last
Friday, to be followed soon by other rating agencies as soon as US debt
crosses the $16.4 trillion threshold in a few short months, has just done the
even more unthinkable and downgraded Fed boss JPMorgan from AA- to A+.’ , No
Hints Of QE In Latest Bernanke Word Cloud ‘Addressing his perception of
lessons learned from the financial crisis, Ben Bernanke is speaking
this afternoon on poor risk management and shadow banking vulnerabilities -
all of which remain obviously as we continue to draw attention to. However,
more worrisome for the junkies is the total lack of QE3 chatter in his speech. While he does note the words 'collateral' and 'repo' the proximity of
the words 'Shadow, Institutions, & Vulnerabilities' are awkwardly close.‘ , Deja 2011 All Over Again, UMichigan Confidence Drops For The First Time Since August
2011, Below Expectations - Drop Not Big Enough , How The ECB
Is Turning Spain Into Greece , Man
Vs Machine: How Each Sees The Stock Market Part 2 , Guest
Post: Don't Believe Every Energy Dividend Story You Hear , "There’s
No Place For Hope On Friday the 13th" - Rout Post-Mortem With Goldman
, Biggest
Weekly Stock Plunge In 2012 As Financials FUBAR'd
, Friday
Fun With Financial Fatalism ‘It seemed appropriate, given Europe is hitting
the wall again in its vicious cycle of self-financed self-hypnotizing
recovery-less recovery, to present the 'World Collapse Explained In 3 Minutes' that so mockingly relates the real state of absurdity we face in
today's financial markets. ‘ , Guest
Post: Irredeemable Paper Money, Feature #451 ‘Unlike under a gold standard,
in paper money the rate of interest is subject to massive volatility.
Sometimes, the government has its way, fueling rising prices and interest
rates. Other times bond speculators front-run the central bank’s unlimited
appetite for purchasing government bonds and the rate of interest falls. We are
now in year 31 (so far) of this latter phase. As the total accumulated debt
increases (feature #450
of irredeemable money is that total debt cannot go down), the effect of a
change in the rate of interest becomes larger and larger. Today, even very
small fluctuations have a disproportionate impact on the burden of debt
incurred at every level, from consumer to business to corporate to government
at every level. To say that this is destructive is a great understatement.
This, rather than the quantity of money, is what people and especially
economists should be focused on …’ , Austerity,
Social Unrest, And Europe's 'Lose-Lose' Proposition , Europe
Slumps With Spain At March 2009 Lows , Americans
Can't Wait For Their Tax Refunds... To Immediately File For Bankruptcy , THe TiTaNiC SeTs
SaiL... Posted by :
williambanzai7
Post date: 04/13/2012 "I cannot imagine any
condition that would cause a ship to founder. I cannot conceive of any vital
disaster happening to this vessel. Modern ship building has gone beyond
that."--Captain Smith...
Miscellaneous
Business Headlines
13-Apr-12
09:49PM Is The Unemployment Rate Really Dropping? at Forbes 08:35PM New Highs or New Lows What's Next? ETFguide 06:19PM Sniffing The Summertime Stock Correction Blues at
Forbes 06:19PM The Once and Future Rally at TheStreet
05:18PM S&P 500 breaks below 50-day moving average at
MarketWatch 05:02PM Next Week's Tape: Earnings Hit Parade Revs Up at
The Wall Street Journal 04:54PM Treasury: Taxpayers Likely to Profit From Financial Rescue
Programs at The Wall Street Journal
04:50PM Train Reading: A Titanic Post at
The Wall Street Journal 04:43PM Stocks Cap Erratic Week With Ugly Finish at
The Wall Street Journal 04:40PM Treasury: Taxpayers Likely to Profit From Financial Rescue
Programs at The Wall Street Journal
04:23PM New Highs or New Lows What's Next? ETFguide 04:18PM MARKETS TANK, BANKS FALL, EUROPE GETS CRUSHED: Here's What You
Need To Know Business Insider
03:38PM InPlay: Late session slide leaves Dow -105 and S&P -14
back near early lows -- Nasdaq Comp -37 Briefing.com
03:36PM Google Stock Dividend: Why 1 + 1 Will Not Equal 2 at
Seeking Alpha 03:33PM Swiss National Bank 'Out of Their Tiny Little Minds' at
The Wall Street Journal 02:52PM Fed Won't Bow to Political Pressure at
The Wall Street Journal 02:41PM What The Next 10 Years Holds For Emerging Markets at
Forbes 02:41PM Google Shares: Expect More Turbulence Ahead at
The Wall Street Journal 02:22PM Time To Buy Gold Again, Ned Davis Research Says at
Barrons.com 01:59PM Gold Miners: The New Gold? at The Wall Street
Journal 01:49PM On Gold As An Inflation Hedge at
Seeking Alpha 01:42PM InPlay:
Minor new afternoon/bounce high for Dow -60 and S&P -9.4, Nasdaq Comp -29 has not yet confirmed the move Briefing.com
01:41PM American Express Company First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:32PM Inflation May Drive Germany Out of the Eurozone
at The Wall Street Journal 01:06PM Faceoff: Emerging ETFs vs. S&P
500 at Forbes
01:05PM Ma and Pa Pulling out of High Yield Bond Funds? at
The Wall Street Journal 01:01PM Forget Occupy, Even the Traders are Protesting Now at
The Wall Street Journal 12:59PM Ma and Pa Pulling out of High Yield Bond Funds? at
The Wall Street Journal 12:59PM Time To Buy Gold Again, Ned Davis Research Says at
Barrons.com 12:57PM Apple: It's True, It's Actually Selling Off at
The Wall Street Journal 12:54PM Can Indications of Solid Growth, Tame Inflation Be Trusted?
at
The Wall Street Journal 12:46PM New Highs or New Lows What's Next? ETFguide 12:31PM Quest Diagnostics Inc. First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:28PM Friday The 13th: A Rare Stock Selloff at
The Wall Street Journal 12:27PM Euro Crisis 2012: Spain Edition at
The Wall Street Journal 12:26PM Quest Diagnostics Inc. First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:02PM Noble Corp First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:53AM eBay Inc. First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:51AM Time To Buy Gold Again, Ned Davis Research Says at
Barrons.com 11:48AM eBay Inc. First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:33AM Halliburton Company First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:31AM Qualcomm Inc. Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:22AM St. Jude Medical Inc. First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:15AM Yum! Brands Inc. First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:15AM Index, ETF option volumes near midday optionMONSTER 11:00AM Secondary Sources: EU Capital Flight, U.S.-EU Labor Markets,
The 99% in 1765 at The Wall Street Journal
10:50AM S&P 500 Technical Update at
Minyanville 10:46AM Consumer Sentiment Takes Slight Hit, Stocks Drop at
The Wall Street Journal 10:13AM Consumer Sentiment Dips at The Wall Street
Journal 10:02AM InPlay:
Stock indices extending opening decline -- Dow -79, S&P -8.7, Nasdaq Comp -22 Briefing.com
10:00AM No Hard Landing for China, but Plenty of Worry at
The Wall Street Journal 09:39AM InPlay:
Stock indices extend opening slip -- Dow -57, S&P -6.7, Nasdaq
Comp -18 Briefing.com
09:29AM Morning Links: Is the Correction Over? at
The Wall Street Journal 09:10AM Pre-Market Primer: China Is Officially Slowing Down at
Minyanville 08:55AM Inflation Not A Big Worry Amid QE3 Discussion at
The Wall Street Journal 08:51AM S&P 500 ETFs Battle 50-Day Moving
Average ETF Trends
08:42AM Wells Fargo & Co. Earnings: Profit Rises by Double-Figures
for Fifth Consecutive Quarter at Wall St. Cheat Sheet
08:39AM JPMorgan Chase Co. Earnings: Another Quarter of Falling Net
Income at Wall St. Cheat Sheet
08:28AM Real Estate Drags on China Growth, Domestic Consumption Is
Bright Spot at The Wall Street Journal
08:21AM Vital Signs: Slowing Export Growth at
The Wall Street Journal 07:22AM 10 Things You Need To Know Before The Opening Bell Business
Insider 07:21AM 10 Things You Need To Know Before The Opening Bell Business
Insider 06:26AM Morning MarketBeat: China Growth
Slows at The Wall Street Journal
06:21AM Morning MarketBeat: China Growth
Slows at The Wall Street Journal
06:11AM Stock ETF Rally Stalling in April ETF
Trends 06:00AM Stock ETF Rally Stalling in April ETF
Trends 05:36AM Morning MarketBeat: China Growth
Slows at The Wall Street Journal
05:27AM Morning MarketBeat: China Halts Rally
at The Wall Street Journal
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
_______________________________________
{ some prior links of current interest }