Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com BULLS HAVE GREAT EXPECTATIONS 4-17-12 ‘There was little news to account
for any rally on this Turnaround Tuesday given poor Industrial Production and
lower than expected Housing Starts. But, bulls are looking ahead to earnings
which have been much lowered and engineered to beat expectations … There could
also be some fresh money to funds as investors beat the tax deadline. That
money gets invested quickly.IBM just announced
earnings that missed top line revenue estimates and stock falls. Intel (INTC)
beats lowered estimates but stock is lower in after-hours trading. Yahoo (YHOO)
earnings beat estimates and the stock is nearly 2% higher. Of many others, Cree
Inc (CREE) shares were lower by almost 8% after its report.There
wasn’t much news out of Europe today so stock bears there could take the day
off while bulls could play…’ , Five
Fundamental Flaws In Dip-Buying Euphoria Durden
With S&P futures, and most notably financials, staging the second overnight
opening surge in a row, we thought it perhaps worth reflecting on five quite
concerning fundamental reasons why dip-buyers (as anesthetized as they have
become thanks to central bank 'protection') could face a tougher time. As Mike
Wilson of Morgan Stanley notes, for those looking for a cause or explanation of
recent weakness, feel free to blame it on the more hawkish Fed minutes, Draghi’s comments that it was now “up to governments to do
the right thing” or the soft US payroll numbers. After such an uninterrupted
run, some kind of correction was inevitable and simply a matter of timing. The
bigger question to resolve is whether this pull back will look like what we
experienced in 2010 and 2011 or end up being more muted. Obviously, the key
variables for this analysis remain growth and liquidity expectations. The 'payback' that we have been warned about for such an unseasonably warm
winter is upon us (as macro data surprises increasingly to the downside) and that is the first flaw in BTFD logic. Wilson goes on to point out
that NFIB small business hiring intentions have dropped precipitously, GDP growth is weak but earnings growth is now catching up (down) to that
weakness and for many stocks is rapidly falling towards zero, we remain in a 'liquidity lull' as central banks stand on the
sidelines and reflect, and perhaps most worrisome is the rapid deterioration in the Bloomberg financial conditions index. All-in-all, these sum up to suggest a
greater-than-5% correction is more than likely. , On
The Goldman Path To Complete World Destruction: Mark Carney On His Way To Head
The Bank Of England? Durden ‘…The place? Why the center of the entire modern infinitely
rehypothecatable financial system of course: England,
which may have 1,000x consolidated debt/GDP, but at least it can repledge any asset in perpetuity thus giving the world the
impression it is solvent (no wonder AIG, MF Global, and now the CME are
scrambling to operate out of there). Which is why we read with little surprise
that none other than former Goldmanite, and current
head of the Bank of Canada, is on his way to the final frontier: the Bank of England.’, Market
Is Long Of Mania In Schizophrenic Terms , Are
Soaring Student Loans The Best Economic Indicator? , Bank
Of Spain Releases Details Of Additional Capital Needs For Spanish Banks , Guest
Post: "All Transactions To Be Conducted In The Presence Of A Tax Collector"
In the terminal collapse of the Roman Empire, there was perhaps no greater
burden to the average citizen than the extreme taxes they were forced to
pay. The tax 'reforms' of Emperor Diocletian in the 3rd century were so
rigid and unwavering that many people were driven to starvation and bankruptcy.
The state went so far as to chase around widows and children to collect taxes
owed. By the 4th century, the Roman economy and tax structure were so
dismal that many farmers abandoned their lands in order to receive public
entitlements. At this point, the imperial government was spending the
majority of the funds it collected on either the military or public
entitlements. For a time, according to historian Joseph Tainter,
"those who lived off the treasury were more numerous than those paying
into it." Sound familiar? , LTROver , Chris
Martenson: "The Trouble With Money" Recently I was asked by a
high school teacher if I had any ideas about why students today seem so
apathetic when it comes to engaging with the world around them. I waggishly
responded, "Probably because they're smart." In my opinion, we're
asking our young adults to step into a story that doesn't make any sense. Sure,
we can grow the
earth's population to 9 billion (and probably will), and sure, we can extract our natural gas and oil
resources as fast as possible, and sure, we can continue to pile on official debts at a staggering
pace -- but why are
we doing all this? Even more troubling, what do we say to our youth when they
ask what role they should play in this story -- a story with a plot line they
didn't get to write? So far, the narrative we're asking them to step into
sounds a lot like this: Study hard, go to
college, maybe graduate school. And when you get out, not only will you be
indebted to your education loans and your mortgage, but you'll be asked to help
pay back trillions and trillions of debt to cover the decisions of those who
came before you. All while operating within a crumbling, substandard
infrastructure. Oh, and by the way, the government and corporate sector appear
to have no real interest in your long-term future; you're on your own there. Yeah,
I happen to think apathy is a perfectly sane response to that story. Thanks, but no thanks. To understand how our national narrative evolved (or, more accurately,
devolved) to become so unappealing, we have to take an honest look at
money. , Repsol
Demands $10.5 Billion From Argentina (And Argentina's Counteroffer) , The
European North-South Divide Is Exploding , “It
Is Incumbent On Every Generation to Pay Its Own Debts As It Goes - A Principle
Which If Acted On Would Save [Half] The Wars" George Washington The Founding Fathers Knew that Debt-Financed Wars Ruin the
Country , Giant
Banks Now 30% Bigger than When Dodd-Frank Financial “Reform” Law Was Passed
, The
Delays Begin: Italy Pushes Back Balanced Budget Target By One Year Durden , Best
Day In 5 Months As Europe Soars On Second "Bill Issuance" Catalyst In
One Week , Ben
Bernanke Full Unredacted Frontal Yesterday the Wall Street Journal's Jon Hilsenrath was kind enough to present to the general public
some
515 pages of massively redacted Fed transcripts from the oh so very interesting period of
2007-2010, ahead of schedule. Unfortunately those curious to find out the
details of just what was going on in that critical period between March 2008
and March 2009 will have to wait another 3 years for the full declassification
to take place. That said, digging among the unredacted data, one does find the occasional pearl.
Such as the following exchange between CHAIRMAN BERNANKE and the Fed staff,
from the October 28-29, 2008 meeting, in the days when AIG was dying, when Lehman
had failed, when money markets had frozen and when the end of the world was
nigh. Ironically, it is this one unredacted piece of
data that pretty much says it all. ‘I’d like
first to do the open market operations, which I hope are not too controversial.
[Laughter] (source: page
231 of 513) And that, as they say, is that. , Live
Webcast Of Obama Demonizing Oil "Speculators" After Obama's
"fairness doctrine" was roundly rejected by the Senate last night as
the doomed from the beginning Buffett Rule was voted down, Obama needs to find
some more evil villains for society to demonize, and whom to blame for the
failure of central planning, or rather its success in pushing gas prices to all
time highs , Guest
Post: Why the Middle Class Is Doomed The Federal government is supporting its dependents and its
crony-capitalist Elites with borrowed money: $1.5 trillion every year, fully
40% of the Federal budget. It is in effect filling the gap
between exploding costs and declining income, just like the middle class did
until they ran out of collateral to leverage. The dwindling middle class, now
at best perhaps 25% of the workforce, has been reduced to tax donkeys
supporting those above and below who are dependent on Federal largesse. Fisher found that this cycle ends in transformational political upheaval. No wonder; even as the class paying most of the taxes shrinks and is
pressured by higher costs, the class of dependents expands as the economy
deteriorates and the super-wealthy Power Elites continue to control the levers
of Central State power. 25
Signs That Middle Class Families Have Been Targeted For Extinction http://albertpeia.com/25signsmiddleclasstargetedforextinction.htm
Miscellaneous
Business Headlines
17-Apr-12 05:45PM Berkshire Shares Drop Slightly On Buffett Cancer News at The Wall Street Journal 05:26PM Train Reading: Happy Tax Day! at The Wall Street Journal 05:20PM Tomorrow's Tape: Yummy Earnings at The Wall Street Journal 05:11PM Apple Notches Best One-Day Dollar Advance in Its History at The Wall Street Journal 05:01PM IBM Earnings: Beat the Street But Investors Not Impressed at The Wall Street Journal 04:44PM Occupy the Buttonwood Tree: The 99% in 1765 at The Wall Street Journal 04:37PM Intel Earnings: Profit Drop Breaks Four Consecutive Quarters of
Growing Profits at
Wall St. Cheat Sheet 04:33PM Intel Earnings: Not Bad, But No Blowout at The Wall Street Journal 04:32PM Yahoo! Inc. Earnings Cheat Sheet: Beats Expectations at Wall St. Cheat Sheet 04:28PM Citigroup Shares Get Some Meredith Whitney Love at The Wall Street Journal 04:21PM W.W. Grainger Inc. Earnings: Five Quarters in a Row of
Expanding Margins, Net Income Climbs at Wall St. Cheat Sheet
04:19PM IBM Earnings: Beat the Street But Investors Not Impressed at The Wall Street Journal 04:03PM Small-Business Owners, Banks Blame Washington for Credit Woes
at The Wall Street Journal 03:59PM STOCKS SURGE, APPLE GOES WILD: Here's What You Need To Know
Business Insider 03:58PM A Need To Know Basis: IBM, Intel, Yahoo, CSX Earnings at The Wall Street Journal 03:51PM Citigroup Shares Get Some Meredith Whitney Love at The Wall Street Journal 03:21PM Which College Majors Pay Best? at The Wall Street Journal 03:16PM Fed Survey Asks Banks About Their Thoughts on QE3 at The Wall Street Journal 03:16PM Don't Get Burned By ETNs If There's
Another Lehman Catastrophe at Forbes
03:02PM InPlay: Limited slip off afternoon highs -- Dow +194,
S&P +21, Nasdaq Comp +59 Briefing.com 03:00PM Don't Get Burned By ETNs If There's
Another Lehman Catastrophe at Forbes
02:54PM Europe Hemorrhages Through A Refinancing Operation Band-Aid
at The Wall Street Journal 02:52PM Zut Alors!
French Elections Looming as New Hurdle For Markets at The Wall Street Journal 02:10PM Here's What Scares Dimensional Fund Advisors' CEO at Forbes 02:07PM Is This Why Stocks Are Rallying? at The Wall Street Journal 01:45PM Who's Your BFF? The VIX! at Minyanville 01:43PM Zut Alors!
French Elections Looming as New Hurdle For Markets at The Wall Street Journal 01:12PM Virtual Tupac Sparks Real Life Rally
In Digital Domain Media at
The Wall Street Journal
12:57PM Virtual Tupac Sparks Real Life Rally
In Digital Doman Media at
The Wall Street Journal
12:44PM Housing, Manufacturing Not Doing Their Part for The Economy
at The Wall Street Journal 12:42PM U.S. Stocks Are Rising; Trading Volume Isn't at The Wall Street Journal 12:30PM Is the Tax Man Helping the Stock Market? at The Wall Street Journal 12:26PM Markets Put Off Expected Date of First Fed Rate Increases at The Wall Street Journal 12:24PM InPlay:
New highs in midday trade after tight lateral drift -- Dow +186, S&P +20, Nasdaq Comp +51 Briefing.com
12:16PM Apple Faithful: No Reason to Freak Out; Shares Rebound at The Wall Street Journal 11:28AM InPlay:
Minor new highs, S&P +17 and Nasdaq Comp +45
still holding near resistances Briefing.com
11:25AM Index, ETF option volumes near midday optionMONSTER 11:18AM Index, ETF option volumes near midday optionMONSTER 10:49AM WEBINAR: Volatility Is Not All The Same at TheStreet 10:28AM InPlay:
Fresh high for Nasdaq Comp +37, S&P +13 with Dow
+130 probing its early high Briefing.com
10:18AM Canadian Loonie Jumps Amid Slightly
Hawkish BoC at The Wall Street Journal
10:02AM Data Down; Stocks Up at The Wall Street Journal
09:55AM Secondary Sources: Tax Spending, European Crisis, Barney Frank
at The Wall Street Journal 09:38AM Stocks To Watch: Goldman Sachs, Coca-Cola, Comerica at The Wall Street Journal 09:21AM Morning Links: Welcome to the Apple Correction at The Wall Street Journal 09:10AM 'Spain Is on Track.' What a Relief! at The Wall Street Journal 09:10AM Pre-Market Primer: US, European Stocks Rise With German
Investor Confidence at
Minyanville
09:01AM Johnson & Johnson Earnings: Margins Suffer for Five
Quarters Straight, but Net Income Climbs at Wall St. Cheat Sheet 08:28AM Vital Signs: Warm Weather Fuels Home Improvement at The Wall Street Journal 07:55AM [video] Goldman Earnings Puts Financials In Focus at TheStreet 07:55AM [video] Goldman Earnings Put Financials in Focus at TheStreet 07:51AM 10 Things You Need To Know Before The Opening Bell Business Insider 06:25AM Morning MarketBeat: Apple Woes
Contained, For Now at
The Wall Street Journal
06:19AM Morning MarketBeat: Apple Woes
Contained, For Now at
The Wall Street Journal
06:17AM How to Manage Risk Using ETFs TheStreet
US
Editor Of The Economist: “Paper Dollar” And “Paper
Euro” Will “Debase” In A “Big Way”
GoldCore | Gold’s London
AM fix this morning was USD 1,652.00, EUR 1,255.51, and GBP 1,035.54 per ounce.
Friday’s AM fix was USD 1,648.25, EUR 1,266.03 and GBP 1,040.69 per ounce.
25
Signs That Middle Class Families Have Been Targeted For Extinction
The Economic Collapse | The middle class in America is being systematically
wiped out, and most people don’t even realize what is happening.
IRS
Implementing Cashless Society Control Grid
Infowars.com | Now that
Government Coercion Day — er, Tax Day, April 15 — is
behind us, I thought it might be appropriate to show a federal bureaucrat
rationalizing your sacrifice at gunpoint.
Soros
warns euro crisis could destroy the EU
Reuters | Billionaire George Soros warned on
Monday that the euro crisis is growing deeper, tearing at the fabric of
European Union cohesion, because policymakers are prescribing the wrong
remedies.
China Continues To Be A Wreck
Business Insider | This continues to be one of the wreckiest
stock markets out there.
Peter
Schiff: Ben Bernanke completely clueless
RT | Max Keiser talks to investor, author
and radio show host, Peter Schiff about gold, the dollar and Japanese monetary
policy.
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 }