Business Summary Links By Day
Chimps
Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting
Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , Failed Wobama
model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No
Housing Recovery Until 2020 In 5 Simple Charts
http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
Durden , The
Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm
, Fasten
Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm Once again, irrationality and scammed obfuscation rule the day as this
is all about manipulated low volume melt-up and churn-and-earn
commissions/premiums at lightning computerized speed; and once again, to
reiterate, there’s no free lunch and, ultimately those churned monied commissions/premiums, a net negative in real
economic terms going into their pockets has to come from someplace; viz.,
ultimately your pockets, one way or another.] , Forget
Today’s Bond Auction, Spain is an Absolute Disaster http://gainspainscapital.com , Dave’s Daily: http://www.etfdigest.com INVESTORS FACE A WEEK OF WHIPSAWS 4-19-12
‘Stocks didn’t like earnings news and economic data overall. In the eurozone, Spain
sold some 10 year debt (mostly to Spanish banks and perhaps the ECB) at levels
below 6% but only to see prices fall and yields rise in the secondary market.
Equity indices in the eurozone were markedly weaker.
Polling in France
shows Sarkozy no doubt losing to the socialists which
would mean austerity agreements would go out the window. Earnings
reports focused primarily on Morgan Stanley (MS) and Bank of America (BAC). Frankly, one
would need a forensic financial archeologist to wade through the release to
find the “real deal” from each company. The standout category had to do with
both company’s DVA (Debt Value Adjustments). Both companies bonds are being
revalued lower. As a book entry trick the company’s may then deduct the loss in
value of their own debt against earnings. MS after all is facing a three notch
downgrade from Moody’s as I understand it. After all these deductions were
counted both companies could then report slightly positive earnings in lieu of
losses: BAC $25 (stock slightly lower by 1.60%) and MS $.71 (stock higher by
2.25%).Economic data released Thursday began with Jobless Claims (388K vs expected 365K and prior revised higher to 386K from
380K) which allowed for another beat, however the overall trend is heading
south. Existing Home Sales (4.4M vs 4.62M expected
and prior 4.59M) was a mild disappointment but completed the week
unimpressively for all housing data. The important Philly Fed Survey (8.5 vs 12 expected and prior 12.5) was a disappointment as well
reflecting an ongoing economic slowdown. Lastly Leading Economic Indicators (.3%
vs .3% expected and prior .7%) also confirmed slack
economic conditions.U.S. stocks gave up most of the
week’s gains…’ , Yet
Another Exponential Chart... And A Different Spin On "Keynesianism"
Durden , Sprott On Biderman On Paper Vs
Physical Gold , Forget
'5 Minutes To Midnight', We Are 'An Inch From War' , Guest
Post: Floating Exchange Rates - Unworkable And Dishonest , Volume
Explodes As S&P Loses 50DMA Again , Gravitation
Returns As Apple Falls, Drags Everything With It , Italy
Jumps On Nationalization Bandwagon: Tax Police "Seizes" 20% Of Second
Largest Domestic Insurer , "Utter,
Utter Piffle" - Albert Edwards Lashes Out At The Media's China Groupthink
Oh, the ignominy of thinking that China's widening of the Yuan trading band was
anything other than uber-bullish and indicative of as
soft a landing as can be imagined as the mainstream
herd promptly, in a desperate attempt to seek affirmation from
other members of the herd as always happens (see Jeremy Grantham for more),
said this would be a move that guaranteed
no hard landing. Albert Edwards takes the 'massive over-confidence in the ability of the Chinese
authorities to achieve a soft landing' to task and furthermore
indicates that between a rapidly diminishing current account surplus, a real
effective exchange rate that is arguably (thank you IMF) not undervalued
anymore, and the velocity with which nominal GDP has slowed recently (akin to
2007), the very fact that they widened
the trading band suggests it is now a lot easier for them to achieve
significant devaluation of their currency (to escape the hard
landing) both technically and politically. Since widening the band, the PBOC has already devalued two days-in-a-row.
Ironically, the bilateral imbalance with the US
is reaching new records (seasonally adjusted) and will peak (seasonally
unadjusted) just in time for some temperamental headlines right before the US election. , The
Porn Addicts Formerly Known As The SEC Take Their Vendetta With Egan-Jones To
The Next Level This is so pathetic, it is beyond words:
- US SEC EXPECETED TO VOTE ON POSSIBLE CHARGES
AGAINST RATING FIRM EGAN JONES ON THURSDAY - RTRS
- POSSIBLE CHARGES STEM FROM ALLEGED WILFUL
MISTATEMENTS ON EGAN JONES' REGULATORY APPLICATION WITH SEC - RTRS
If nothing else, it explains the recent WSJ
hit piece against Egan, just so it can make the public record in the SEC
documentation. In other news, this will surely teach any other rating agency to
downgrade the US
not once (ahead of everyone else), but twice. In the meantime, the SEC still
has NO IDEA what liquidity is, and continues to refuse to take ANY action
against High Frequency Trading, to press criminal charges against ANY banker,
or for that matter, to do anything that may jeopardize its staffers future
careers as 7th assistant general council at assorted bailed out Wall Street
firms. Now we wait to hear news that Fitch and Moody's will receive a cash
bonus from the SEC for not downgrading the US properly filing their
regulatory applications. And now back to midget porn. , The Risk Of 'Hot'
Inflation , The
PIIGS Get to Live Longer : testosteronepit
: 04/19/2012 While Germans work longer hours and
retire later.... Europe:
denial or misplaced values? : RobertBrusca : 04/19/2012
It is curious how people hang on the day to day detail
of European debt auctions when logical analysis of the situation tells you
quite clearly that the plight of Europe is
hopeless. Rooting for... Fiscal
Cliff : ilene : 04/19/2012 No win situation. , Guest
Post: Wages And Consumption Are Both In Long-Term Downtrends , Economic Miss Trifecta Not Bad Enough For "THE NEW QE" Rumors
Durden Continuing today's disappointing data
releases, we now get the Philly Fed, Existing home sales (aka the NAR's monthly advertising update), and Eurozone
confidence. Sure enough, all missed, since we are now in NEW QE prep mode.
- Philly Fed: 8.5, missed expectations of 12.0, and
lower than the previous print of 12.5 (source)
- New Orders down from 3.3, to 2.7
- Prices Paid spike from 18.7 to
22.5,
- but, just to add confusion to
injury following the much weaker claims data, the Employment index rose
from 6.8 to 17.9
- Existing home sales, reported by
the inherently conflicted NAR, missed,
dropping from 4.61MM to 4.48MM, a data set which we
caution readers is about 0.0% accurate and valid.
- Total housing inventory at the
end of February rose 4.3 percent to 2.43 million existing homes available
for sale, which represents a 6.4-month
- The national median existing-home
price for all housing types was $156,600 in February, up 0.3 percent from
February 2011.
- All-cash sales rose to 33 percent
of transactions in February from 31 percent in January; they were 33
percent in February 2011
- Single-family home sales declined
1.0 percent to a seasonally adjusted annual rate of 4.06 million in
February from 4.10 million in January
- Finally, Eurozone
consumer confidence also missed sliding to -19.8, on expectation of an
improvement to -19.0 from -19.1
Judging
by the kneejerk reaction lower, the misses were not big enough to send the
market soaring.
Miscellaneous Business Headlines
19-Apr-12
05:20PM Tomorrow's Tape: General Electric, and Not Much Else at
The Wall Street Journal 05:09PM Train Reading: Setting The Standard For Crazy at
The Wall Street Journal 04:41PM Apple Inc. Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 04:29PM Stocks Stage Late-Day Comeback, Finish Modestly Lower at
The Wall Street Journal 04:24PM Microsoft Earnings Slip As Entertainment Sales Drop at
The Wall Street Journal 04:19PM What Are These Banks Really Worth Anyway? at The Wall Street Journal
04:00PM STOCKS TANK, EUROPE GETS CRUSHED AGAIN: Here's What You Need To
Know Business Insider
03:57PM Apple Inc. Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 03:48PM A Need to Know Basis: Microsoft, E*Trade, SanDisk at
The Wall Street Journal 03:45PM ETF Volume Above Average In Twitchy Trading Session at
Barrons.com 03:37PM Apple Inc. Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 03:26PM Stocks Dropping on Heavy Volume, Apple Shares Getting Walloped
at The Wall Street Journal 03:21PM Apple Inc. Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 03:08PM Recovery Downshifts but Doesn't Break Down at
The Wall Street Journal 03:01PM Crowd Funding Gives New Meaning to Caveat Emptor at
The Wall Street Journal 02:30PM How to Trade the Comming Volatility
in Risk Assets at Minyanville
02:03PM InPlay: Indices unable to build on bounce attempt, slide to
new session lows -- Dow -71, S&P -7.4, Nasdaq
Comp -17 Briefing.com
01:58PM Food Stamp Rolls to Grow Through 2014, CBO Says at
The Wall Street Journal 01:30PM Dividend Stocks: Here's Another Reason To Be Cautious at
The Wall Street Journal 01:21PM French Downgrade Rumors Rattle Markets for a Few Minutes at
The Wall Street Journal 01:20PM Isolating Downside Risk In Investment Analysis: Downside
Deviation And Maximum Drawdown at Seeking Alpha
01:20PM Cheap Gas: Not Around The Corner, But Maybe In The State at
The Wall Street Journal 01:18PM Earnings Look Spectacular, But Are They Really? at
The Wall Street Journal 01:16PM InPlay:
New session low for Nasdaq Comp -11.9, Dow -58 and
S&P -5.5 hovering near their morning/session lows Briefing.com
12:56PM Investors Bet Stock Prices Will Remain Flat at
Forbes 12:49PM Earnings Season: Companies Easily Beating Low Expectations at
The Wall Street Journal 12:36PM Secondary Sources: Approval of Germany Rising, Foreclosures,
Sovereign Debt and Banks at The Wall Street Journal
12:29PM Is the Stock Market Still Vulnerable? at
Forbes 11:55AM Index, ETF option volumes near midday optionMONSTER 11:46AM Obama Administration to Kick-Off New Unemployment Program at
The Wall Street Journal 11:43AM Old-School Fed Nemesis Now Offers Praise at
The Wall Street Journal 11:38AM Index, ETF option volumes near midday optionMONSTER 11:28AM The Efficient Market Hypothesis at
Seeking Alpha 11:23AM French Downgrade Rumors Rattle MarketsFor
a Few Minutes at The Wall Street Journal
10:38AM Stocks Take a Hit, Then Bounce Back After Disappointing Data
at The Wall Street Journal 10:32AM Stocks Take a Hit After Disappointing Data at
The Wall Street Journal 10:23AM Philly Fed Notes Weaker Manufacturing at
The Wall Street Journal 10:22AM InPlay:
Stock indices pull back modestly off morning highs after weaker data -- Dow
+11, S&P +1.4, Nasdaq Comp +10 Briefing.com
10:00AM Are ETFs Killing Gold Miners? at
Motley Fool 09:38AM InPlay:
Stock indices open mixed then weaken, S&P -1.1 and Dow -16 slip under
Tuesday lows before stabilizing Briefing.com
09:36AM Are ETFs Killing Gold Miners? at
Motley Fool 09:29AM Stocks To Watch: Bank of America, EBay, Morgan Stanley at
The Wall Street Journal 09:15AM Pre-Market Primer: BofA Beats the
Street and Demand for Spain's Bonds Increases at
Minyanville 09:09AM Jobless Claims Hurting the Recovery Picture at
The Wall Street Journal 09:08AM Bank of America Earnings: Profit Falls, but EPS Beats
Expectations at Wall St. Cheat Sheet
09:03AM Morning Links: One Fear Gauge Is 'Bubbling' at
The Wall Street Journal 08:50AM Vital Signs: Mortgage Applications Slump at
The Wall Street Journal 08:44AM U.S. Job Numbers Disappoint at Forbes
07:39AM Bank of America Earnings: Profit Falls, but EPS Beats
Expectations at Wall St. Cheat Sheet
07:29AM Bank of America Earnings: Profit Falls, but EPS Beats
Expectations at Wall St. Cheat Sheet
07:26AM 10 Things You Need To Know This Morning Business
Insider 07:26AM 10 Things You Need To Know Before The Opening Bell Business
Insider 07:25AM Morning MarketBeat: Claims Could Get
Ugly 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
Nancy Pelosi Wants to Amend the First Amendment Kurt Nimmo
| When Pelosi says “special interests,” she means interests opposed to
establishment Democrats. [ Here’s a look at the pelosi
/ wobama styled new california ( 16 Reasons To
Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ) . pelosi’s incompetent / senile in that chronological order.
At his point, wobama the b for b***s*** is just
incompetent but acts and seems as if he’s senile, particularly with regard to
previous things he’s said and prior promises that he’s made. ]
_______________________________________
{ some prior links of current interest }