Business Summary Links By Day
Eric
Holder To Be Held In Contempt Of Congress? Tyler Durden
ZeroHedge.com 5-3-12 http://albertpeia.com/ericholderincontemptofcongress.htm While normally we stay away from outright
political commentary especially of the kind that has no direct relation to
finance or the economy, the fact is that if the US had a functioning,
uncompromised, uncorrupt, and effective Justice Department, much of what we see
every day on Wall Street would be vastly different since if
crime did indeed have punishment, then a vast portion of the questionable
behavior that is exhibited by financiers would have been eliminated long ago. Which is
why we find the news just released from The Hill that "Rep. Darrell Issa (R-Calif.) has circulated a
draft copy of a resolution that would hold Attorney General Eric Holder in
contempt of Congress" particularly relevant. For it is none other than
Holder's complete lack of involvement and intervention to outright daily crimes
conducted in the financial world that is as much a reason for the deplorable
economic state of this country and the world, as are all those other factor
extensively discussed in books and documentaries each and every day. , Why
You Shouldn't Trust Tomorrow's BLS Number While much has been written on
the revisions, adjustments, and just-plain-guesses that make up the BLS'
non-farm-payroll data, the frustration levels are building in the Bay Area as
Charles Biderman provides the most in-depth
discussion of why we need a better press corps. The simple truth, as Charles
notes, is that even the BLS doesn't
believe its own hype (in its footnotes) and while mainstream
media and talking heads will quote the unemployment rate or NFP change as if it
was transcribed by the hand of God, it is in fact an extremely ill-formed, very narrow survey with such
huge statistical noise as to be entirely useless. However,
while every human should watch this
brief clip before buying that 100-lot ES milliseconds
after the release tomorrow, we suspect, as usual, it will be algos-gone-wild no matter how many sigma we beat or miss. ,
There
Are 100 Million Working Age Americans That Do Not Have Jobs http://albertpeia.com/100millionworkingageamericansdonthavejobs.htm , 16 Signs
That People Are Becoming Stupider http://albertpeia.com/16signspeoplebecomingstupider.htm , The
Fed and the ECB’s Hands Are Politically Tied… Bye Bye Market Props May 4, 2012 By gpc1981 http://albertpeia.com/sharpcorrectioncoming.htm , Merkel’s In Hot
Water… So No More Bailouts… Sorry Spain
http://albertpeia.com/merkelsinhotwaternomorebailouts.htm
, Dave’s Daily http://etfdigest.com BULLS
GET NERVOUS BEFORE EMPLOYMENT DATA 5-3-12 ‘We saw a sharp afternoon sell-off as
bulls rushed to the sidelines. Remember, with data remaining light it’s easy
for algos to push markets around.There
were some troubling “tells” that things weren’t quite right for bulls.
Commodities were hard hit which spilled over into the troubled Materials (XLB)
sector. Commodity Tracking ETF (DBC), Gold (GLD) and Crude Oil (USO) were all
struggling even before selling took markets lower. These laggards combined with
rising bond prices and a higher dollar made for a bearish cocktail as
nervousness over everything consumed traders.Europe
was much higher early in the session only to fade to red as the session wore on.Jobless Claims (365K vs 378
expected & prior revised higher from 388K to 392K) was bullish. Then ISM
Non-Mfg Index data (53.5 vs 56 expected & prior
56) was a disappointment. These two readings combined for a murky outlook and created
more nervousness. The bottom line: conviction is weak.Today’s
report will be light since Friday’s Non-Farms Payroll will make the week one
way or another.Volume once again picks up on selling
as no doubt trailing stops were hit amplifying the move lower. Breadth per the
WSJ was quite negative…’ , Our
central bankers are intellectually bankrupt (Financial Times) — The
financial crisis has fully exposed the intellectual bankruptcy of the world’s
central bankers.Why? Central bankers neglect the fact
that interest rates are prices. Manipulating those prices through credit
expansion or contraction has real and deleterious effects on the economy. Yet
while socialism and centralised economic planning
have largely been rejected by free-market economists, the myth persists that
central banks are a necessary component of market economies.These
economists understand that having wages or commodity prices established by
government fiat would cause shortages, misallocations of capital and hardship.
Yet they accept at face value the notion that central banks must determine not
only the supply of one particular commodity – money – but also the cost of that
commodity via the setting of interest rates.Printing
unlimited amounts of money does not lead to unlimited prosperity. , ECB
Holds Rate; Mario Draghi Sees ‘Downside Risks’
03-May-12
09:16PM Inflows for fixed income funds a safety move-Lipper at Reuters 08:25PM Inflows for fixed income funds a safety move-Lipper at Reuters 08:09PM Inflows for fixed income funds a safety move-Lipper at Reuters 06:16PM Tilson Wins Some (Barnes & Noble)
and Loses Some (Netflix) at
The Wall Street Journal
05:41PM Are Bulls Resting Before the Next Run? at Wall St. Cheat Sheet 05:25PM Tilson Wins Some (Barnes & Noble)
and Loses Some (Netflix) at
The Wall Street Journal
05:18PM Train Reading: Green Mountain Sells Out Sell-Side at The Wall Street Journal 05:17PM Protesters Target Buffett Meeting To Air Burlington Concerns
at The Wall Street Journal 04:57PM LinkedIn Earnings: Numbers Look Good, and a Deal to Boot at The Wall Street Journal 04:47PM Protesters Target Buffett Meeting To Air Burlington Concerns
at The Wall Street Journal 04:45PM MARKETS FALL, NASDAQ GETS HAMMERED: Here's What You Need To
Know Business Insider 03:53PM Europe's Tour de Farce at The Wall Street Journal 03:33PM Green Mountain Bulls Say Wake Up and Smell the Coffee at The Wall Street Journal 03:27PM InPlay:
Final hour bounce with Dow -56 pushing as much as 40 points off its low --
S&P -9, Nasdaq Comp -30 Briefing.com 03:21PM Productivity Slowdown to Linger at The Wall Street Journal 03:03PM No Pop for Carlyle IPO at The Wall Street Journal 02:53PM Stocks Sliding, S&P 500 Toying With 50-Day Moving Average
at The Wall Street Journal 02:48PM InPlay:
Minor new afternoon lows -- Dow -92, S&P -13, Nasdaq
Comp -43 Briefing.com 02:14PM David Einhorn's Hat Trick: Herbalife, Green Mountain, the Fed at The Wall Street Journal 02:09PM Fed Officials Expect Continued Growth, Low Inflation at The Wall Street Journal 02:09PM Midnight in Europe at The Wall Street Journal
02:07PM Einhorn Taps Homer Simpson To Blast
Bernanke's 'Jelly Donut Policy' at Forbes
02:05PM [video] Investor Excitement Level: Low at CNBC 01:47PM InPlay: Stock indices drift to new
session lows after brief midday pause -- S&P -8.5 and Nasdaq
Comp -31, Dow -53 Briefing.com 12:43PM Break Out the Rally Caps: Natural Gas Keeps Climbing at The Wall Street Journal 12:14PM Not For the Faint of Heart: Chesapeake Energy the Risk Trade Du
Jour at The Wall
Street Journal 12:08PM InPlay:
S&P -7.3 joins Nasdaq Comp -27 at new session
low, Dow -42 hovering just above its morning low Briefing.com 11:54AM Stock Traders Wait Nervously for Jobs Report at The Wall Street Journal 11:49AM InPlay:
New session low for Nasdaq Comp -21 led by Semi SMH
-1.2% Briefing.com 11:29AM [video] Trader Long Ahead of Jobs Report at TheStreet 11:23AM Index, ETF option volumes near midday optionMONSTER 11:16AM Index, ETF option volumes near midday optionMONSTER 11:01AM Green Mountain Shares Tank, Future Growth in Doubt at The Wall Street Journal 10:55AM Best of the Blogs: The End of the Crude Oil Powerhouses? at Minyanville 10:50AM Green Mountain Shares Tank, Future Looks Grim at The Wall Street Journal 10:31AM Pepsi Hopes King of Pop Can Add Pop to Sales at The Wall Street Journal 10:28AM Gold Price Drops Three Straight Months For First Time Since
2001 at Forbes 10:23AM Pepsi Hopes King of Pop Can Add Pop to Sales at The Wall Street Journal 10:23AM InPlay:
Stock indices continue to weaken, S&P -6.8 within 2 points of Wed low --
Dow -52. Nasdaq Comp -16 Briefing.com 10:16AM Secondary Sources: Jobs Gap, Yuan Flexibility, Consistent
Bernanke at The Wall
Street Journal 10:14AM Progress Energy Inc. Earnings: Falls Short of Expectations at Wall St. Cheat Sheet 10:05AM Time Warner Inc. Earnings Cheat Sheet: Margins Suffer as Costs
Rise, Profit Falls Wall
St. Cheat Sheet 10:04AM Comcast Earnings Cheat Sheet: Fifth Consecutive Quarter of
Double-Digit Revenue Growth Wall St. Cheat Sheet
09:49AM Apache Corp Earnings: Snaps Strong Streak with Profit Drop Wall St. Cheat Sheet 09:49AM American Tower Corporation Earnings: Beats Expectations at Wall St. Cheat Sheet 09:45AM ECB Saves Its Bullets, Warns It Won't Cough Up More Cash For
Banks at Forbes 09:32AM Stocks to Watch: Green Mountain, Mitek,
Weight Watchers at The
Wall Street Journal 09:30AM Verizon and SPDR S&P 500 ETF Among Most Active Stocks in
Pre-Market Today on the NYSE at Minyanville 09:29AM World Food Prices Moved Lower in April at The Wall Street Journal 09:20AM Pre-Market Primer: Jobless Claims Drop the Most in One Year
at Minyanville 09:19AM Even After Jobless Claims, Jobs Picture Isn't Pretty at The Wall Street Journal 09:12AM More Consumers Plan Summer Travel as Sentiment Improves at The Wall Street Journal 09:08AM Morning Links: Nothing to Like About Stocks? at The Wall Street Journal 08:51AM Vital Signs: Slower Private Jobs Growth at The Wall Street Journal 08:36AM [video] Positioning Ahead of the Employment Report at TheStreet 07:21AM Morning MarketBeat: Resilient Euro
Faces Test at The Wall
Street Journal
Max
Keiser on OWS, Financial Repression & Confronting Obama
Luke Rudkowski | Luke
interviews Max Keiser at Bryant Park on the greatest financial crimes the
system has committed.
The 86 million
invisible unemployed
Annalyn Censky | There
are far more jobless people in the
CNN | The
The
Size And Strength of Banks Is Detrimental
Bob Chapman | Real
estate investors competing to buy
Why
New York Times Economist Paul Krugman Is Partly Right
But Mostly Wrong
The Economic Collapse | Krugman has been doing a whole bunch of interviews in which
he has declared that the solution to our economic problems is very easy. http://albertpeia.com/nyteconomistkrugmanwrong.htm
Political
Pushback to Austerity in Europe is Increasing
New American | The election run-off in
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 }