Business Summary Links By Day
Five
Reasons For Caution In US Equities ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm
While there may be a plethora of geopolitical reasons
to be 'cautious' of getting over your skis in US equities, there are a number
of more quantifiable reasons for not buying-the-f##king-dip
here. Between the sustainability of US earnings and the sell-in-May mantra, we
highlight five foods-for-thought before you push all-in this morning. , Guest
Post: Global Reality - Surplus Of Labor, Scarcity Of Paid Work , Will
Equity Investors Never Learn? Presented with little comment except to note
that just when you thought a sense of reality had returned (and Treasuries and
stocks re-coupled), equities feel the need to hype once again - fool you once
shame on you, fool you the 50th time and we give up. , US
Equities Ignoring US Sovereign Risk Warning We have been warning of the
pending fiscal cliff in the US and the somewhat inevitable debt ceiling
debacle, election uncertainty, and the question of Fed independence in an
election year as potential catalysts for risk flares in the US and abroad. For
now, US equities are happy to ignore these events, still drawn in their Pavlovian-educated manner to US equities for their nominal
enrichment. The trouble is - there are clear warning signs from some
particularly noteworthy markets that all is not well (that appear more capable
of comprehending fundamentals). Forget for a moment the overnight plunge and
recovery in futures as this will bring only anchoring bias; a step back to
30,000 feet and we note that the spread on USA
Sovereign CDS has risen by over 30% in the last month (now back at 40bps or
3-month wides) flashing a worrying warning signal for
US equities if the past is any guide. Remember that US CDS are denominated
in EUR and do not simply reflect the 'default' risk of the fiat-issuing USA but
the devaluation or restructuring risks - and it appears market participants are
getting nervous once again of the profligacy of the US government and the ineptitude
of the central banks with their one-trick-pony experimentation. , Is
Obama Negotiating A Treaty That Would Essentially Ban All "Buy
American" Laws? http://albertpeia.com/wobombanation.htm , Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm , Soylent
Pepsi is People http://albertpeia.com/soyentpepsi.htm
Infowars.com | Ground up dead baby fetuses… just
business as usual. {
Well, let’s not kid ourselves; there’s likely canabalism
in wobama’s line! How totally
disgusting. I’ll never drink pepsi ever again!
} , Two
Charts Exposing America's Record Shadow Welfare State ZeroHedge.com , Margin
Stanley Is Back: Bank Must Post $10 Billion In Collateral In Case Of 3 Notch
Downgrade ..At March 31, 2012, the following are the amounts of additional
collateral, termination payments or other contractual amounts (whether in a net
asset or liability position) that could be called by counterparties under the
terms of such agreements in the event of a downgrade of the Company’s long-term
credit rating under various scenarios: $868
million (A3 Moody’s/A- S&P); $5,177 million (Baa1 Moody’s/ BBB+ S&P);
and $7,206 million (Baa2 Moody’s/BBB S&P). Also, the
Company is required to pledge additional collateral to certain exchanges and
clearing organizations in the event of a credit rating downgrade. At
March 31, 2012, the increased collateral requirement at certain exchanges and
clearing organizations under various scenarios was $160 million (A3 Moody’s/A-
S&P); $1,600 million (Baa1 Moody’s/ BBB+ S&P); and $2,400 million (Baa2
Moody’s/BBB S&P)." As a reminder, on February 15 Moody's
warned it’s considering downgrades of US banks and may cut Morgan Stanley
as much as, you guessed it, 3 notches…’ , Toxic
Spiral: Greek Office Vacancies Soar As Tourism Industry Implodes , A
Market Full Of Sound And Fury Signifying Unch Three important things
occurred today: 1) US equities converged down to
high-yield credit's less sanguine view of the world; 2) US
equities converged to US Treasuries hope-less view of the world; and 3) Gold was
the leading indicator for where risk assets should be today - as its
stability was the only rock upon which to anchor expectations of intervention
once again. The equity market fulfilled every technical analyst's wet dream
today with a low volume gap-fill - which notably left today's VWAP at almost
exactly the closing price from Friday (i.e. gave bigger players a chance to get
out without losing their short - which was exemplified by the sell-off into the
close on much bigger than average trade size). Never have we heard just
whimsical exuberance at the market closing practically unchanged (ES +2pts) but
critically risk markets in general did nothing but revert ahead of tomorrow's
real action as the UK (and that means the European credit market) comes back
from a long-weekend. Broadly speaking - US
equities outperformed risk-assets modestly until the late-day give back dragged
them back to reality but overall - IG credit underperformed, HYG
outperformed (inflows dominant), and HY and S&P 500 e-mini futures (ES)
stayed in sync. , Consumer
Credit Soars As US Government Encourages Student, Car Loan Bubbles That US
consumer credit soared by $21.4 billion in March on expectations of $9.8
billion rise, or the fastest monthly expansion since March 2001 would have been
commendable and memorable if one did not dig through the actual components.
Which sadly are atrocious: of the entire surge, a modest $5.1 billion was from
real credit, or revolving, credit-card type debt. This brought the total
revolving debt to $804 billion or to a level
first crossed in January 2005. The balance, or $16.2 billion, was non-revolving debt, or the type of debt
used to fund GM car purchases by subprime borrowers and push the student loan
bubble well into its $1+ trillion record territory. The total non-revolving
debt is now $1.739 trillion: an all time record. As for the source of such debt? why
the
07-May-12
05:39PM Electronic Arts Shares Pounded on Weak Outlook at
The Wall Street Journal 05:35PM Tomorrow's Tape: The Mouse is Roaring at
The Wall Street Journal 05:22PM Train Reading: Europe After Austerity at
The Wall Street Journal 05:11PM Electronic Arts Shares Pounded on Weak Outlook at
The Wall Street Journal 05:09PM Pitney Bowes Inc. Earnings: Crushes Analysts Estimates at
Wall St. Cheat Sheet 05:00PM Minyanville's T3 Daily Recap: Stocks
Quietly Digest European Election Results at Minyanville 04:50PM Pitney Bowes Inc. Earnings: Crushes Analysts Estimates at
Wall St. Cheat Sheet 04:44PM Oppenheimer's New Strategist: Market Needs to "Pause and
Reflect" On Where It's Been at The Wall Street
Journal 04:44PM Pitney Bowes Inc. Earnings: Crushes Analysts Estimates at
Wall St. Cheat Sheet 04:31PM Electronic Arts Earnings: Crushes Estimates, Outlook
Disappoints at Wall St. Cheat Sheet
04:30PM S&P 500 Technical Update at
Minyanville 04:17PM GREECE IS IN CHAOS AND STOCKS GO NOWHERE: Here's What You Need
To Know Business Insider
03:44PM Consumer Credit Surges: Is Deleveraging Over? at The Wall Street Journal
03:42PM Could Dividend Tax Policy Knock 30% Off Stocks? It's Complicated
at The Wall Street Journal 03:25PM Financial Stocks Roundup: Buffett Likes Wells Fargo, Might
Consider JPMorgan Chase at Minyanville
03:23PM Does Greece Matter Anymore? at The Wall Street
Journal 03:11PM High-Yield Holding Up Amid Stock Market Sell-Off at
Seeking Alpha 03:10PM InPlay:
Stock indices slip back slightly off afternoon highs, Dow -14 back in the red
-- S&P +1.6, Nasdaq Comp +5.3 Briefing.com
03:05PM Student Loans, Credit Cards Push Up Consumer Debt at
The Wall Street Journal 03:04PM Disney Finds a New Supergroup at
The Wall Street Journal 02:42PM New Governments in EU Won't Change Near-Term Outlook at
The Wall Street Journal 02:30PM Saving For College, ETF Style: An ETF-Friendly 529 Plan at
Seeking Alpha 02:25PM Who's Keeping the Floor Under the Euro? at
The Wall Street Journal 01:53PM The Real Avengers Will Save the Stock Market at
The Wall Street Journal 01:23PM Making the hard trade at MarketWatch
01:22PM InPlay: Follow through recovery gains with Dow -6
temporarily reaching positive ground before stalling -- S&P +2.9, Nasdaq Comp +8.2 Briefing.com
01:15PM Stocks Going Nowhere Fast at The Wall Street
Journal 01:04PM A Better Solution For The Euro Crisis: Europeanization Of
Banking at Forbes
12:52PM Growth and Value in Emerging Markets at
Motley Fool 12:48PM Labor Indicators Point to Moderate Hiring at
The Wall Street Journal 12:32PM With Markets Under Pressure, BofA
Merrill Boosts S&P Target at The Wall Street
Journal 12:06PM InPlay:
Stock indices still confined but are again probing their intraday bounce highs
Briefing.com 11:45AM Steep Selloff Averted, Stocks Claw Back at
The Wall Street Journal 11:37AM Index, ETF option volumes near midday optionMONSTER 11:35AM Index, ETF option volumes near midday optionMONSTER 11:22AM Index, ETF option volumes near midday optionMONSTER 11:21AM Price of Rice Is Going Up at The Wall Street
Journal 11:07AM [video] Socialism Sells at TheStreet 11:07AM InPlay:
Nasdaq Comp +1.2 set fractional new session high, Dow
-29 and S&P -0.8 hovering slightly under their morning rebound highs Briefing.com
11:06AM Secondary Sources: Labor Force Dropouts, Foreclosures, Fed
Criticism at The Wall Street Journal
10:50AM Best of the Blogs: Why Google is Investing in Machinima at Minyanville
10:26AM How the European Elections Impact the U.S. at
The Wall Street Journal 10:02AM InPlay:
S&P +3 paused after bounce off first level support but working back toward
high Briefing.com
09:58AM InPlay: Sector relative strength Briefing.com
09:36AM American International Group and SPDR S&P 500 ETF Among
Most Active Stocks in Pre-Market Today on the NYSE at
Minyanville 09:35AM American International Group and SPDR S&P 500 ETF Among
Most Active Stocks in Pre-Market Today on the NYSE at
Minyanville 09:20AM Pre-Market Primer: What Do You Get When You Put Merkel and Hollande Together? at Minyanville
09:14AM Morning Links: European Crisis Hits Next Phase at
The Wall Street Journal 09:13AM Stocks to Watch: Vertex Pharma, AIG,
Georgia Gulf at The Wall Street Journal
09:07AM Bears are on the Prowl and Apple is on the Hot Seat at
Wall St. Cheat Sheet 09:05AM Tyson Foods Earnings: Rising Profits Satisfy Investors at
Wall St. Cheat Sheet 09:01AM Cognizant Technology Earnings: Double-Digit Growth, Investors
Take Profits at Wall St. Cheat Sheet
08:55AM Vital Signs: Unemployment Rate for College Grads at
The Wall Street Journal 08:51AM Tyson Foods Earnings: Rising Profits Satisfy Investors at
Wall St. Cheat Sheet 08:33AM SYSCO Earnings: Powers With Profitability Past Estimates at
Wall St. Cheat Sheet 08:24AM [video] Markets Start the Week Under Pressure at
TheStreet 07: 10 Things You Need To Know Before The Opening Bell Business
Insider 06:45AM Morning MarketBeat: Markets Have a Hollande-Daze at The Wall Street
Journal 06:00AM [video] Ian Bremmer on Investing In a
"G-Zero World" at TheStreet
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 }