Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com BULLS ARE EXPECTING MORE FED QE
6-12-12 ‘“I’ve been in favor of pretty much any accommodative policy I’ve heard
about,” said Charles Evans, President of the Chicago Fed on Bloomberg TV. What a
remarkable statement? (Actually, he says this kind of stuff all the time.)
Using his logic you could take anyone off the street and get something
accommodative Evans would sign off on. But essentially this is what bulls are
hanging their hat on Tuesday. Further it isn’t unusual for markets to rally
once the troubled European markets are closed. Frankly we’re still oversold
from an intermediate view if the McClellan Summation Index (see chart at end of
commentary) is still valid. Also there were several dozen weekly DeMark “buy to close” sequential 9s from Friday which only
seem reliable Tuesday as opposed to Monday. While officials in the eurozone are still herding cats, perhaps fatigue has set-in
with investors pining for a QE solution close to home. Investigate, and try as
I might, there isn’t much reason to rally beyond the powers of the Fed’s
printing press and some oversold conditions. As mentioned previously, let’s not
forget quad-witching Friday and portfolio manager bonuses due at quarter end.
Sure it’s cynical but it’s a fact. The roller coaster ride of uncertainty
continues causing investors to sell and shorts to be squeezed. It’s a
manipulated algo driven affair. So it’s no wonder
many investors have fled markets seeking safety in bonds or mattress money
generally. Leading markets higher Tuesday were all the sectors leading them
lower Monday. Gold (GLD) rallied as the dollar (UUP) fell. Commodities (DBC),
(JJC) and (USO) were higher with the weaker dollar and sentiment reversal.
Bonds (IEF) were weaker. Volume increased on the short squeeze and breadth per
the WSJ was positive…’ ( from Dave’s Daily: http://albertpeia.com/dave.htm ) , Biderman
On Central Banks: "In The End, They Will Get What They Deserve" ZeroHedge.com
Submitted by Tyler Durden
on 06/12/2012 ‘"We live in interesting times" is
the understated introduction to one of Charles Biderman
(of TrimTabs) more concerning and stunned rants. With
the value of all stocks still around double the 2009 lows yet today's incomes
are barely growing, and realistically - with all the headwinds we face - there
is no hope for rapid growth in wages & salaries anytime soon, the avuncular
analyst feels the need to warn all that "stock prices are due to
plunge". Following a little stock market history, Charles notes that while wages and salaries in the US
have quadrupled over the past 30 years, the value of all US stocks has
risen 18 times. In 1982, stocks relative to wages & salaries were 0.6-to-1 and now
the ratio is north of 2.6-to-1. This is explained by an interesting discussion
of the excess wage growth over spending argument (once basic human needs are
met - and a bigger house) which prompts a brief interlude on wages &
salaries as 'the' trim-tab (marginal mover) for stocks. Implicitly
then, "How can stock markets be this high if the real economy is barely
growing?" - the obvious answer is Central banks are tying to solve all the world's problems
via the printing press and as the Bay-Area bad-boy notes, the central banks may be the largest
market participant but they are not the only one and in the end "they will get what they deserve"
as stocks
drop to 2009 lows.’ , Markets
Dead Dog Bounce Back To Friday's Close
, Just in! Beat the devil(s)! No, not that Humphrey Bogart film from years
ago of that same title; but rather, beat the devils as in jersey devils, as in
LA Kings just beat the devils of that sordid, corrupt, mob-overrun, disgusting
state of new jersey. I hope I don’t sound like a ‘fair-weather fan’, but I’m
now an LA Kings fan for life! Congratulations to the Champion LA Kings! { I really hate new jersey!
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
, From
Capital To Salary Control: France To Cap State-Owned Company Executive Pay , The
Great Hyperinflationary Scavenger Hunt
(Illustrated:)… 'Helicopter Ben' failure, we are again reminded that
there is a Plan Z. Recall that none other than the Chairman
said in 2002: "Keynes ... once semi-seriously proposed, as an
anti-deflationary measure, that the government
fill bottles with currency and bury them in mine shafts to be dug up by the
public." Below, courtesy of William Banzai is an artist's
impression of what said scavenger hunt would look like. Will there be an 'app'
for that? Maybe AAPL's new 3D Maps will enable the
national treasure hunt? Long Shovels. , Global
Bailout Curiosity Soars If Greece, Ireland,
Portugal and Spain can do
it, why not everyone? Heck, why pay for anything, instead of just ramping up
debts, until the consolidated debt load is so high the Fed has no choice but to
bail everyone out? Of course, this is purely a thought experiment (for now...
there are still 5 months in the presidential race). Still, we were curious to
see if there is validation of this meme "out there" - and to do this
we of course went straight to the source - Google's most recent addition in
tracking public queries, Insights
for Search, and looked up the term "bailout." We were not at all surprised to find the
English-speaking world's curiosity in this particular synonym for a 'free
lunch' (with other people's money) has exploded in the last few weeks. , Rosenberg
Defines European Insanity The situation in Europe
goes from bad to worse. Gluskin Sheff's David Rosenberg is back to his bearish roots as he remind us that 'throwing
more debt after bad debts ends up meaning more debt'. As he notes,
the definition of insanity is (via Bloomberg TV): When you realize that of the
potential $100 billion to spend, 22% of that has to be provided by Italy and their lending to Spain is
at 3% but Italy
has to borrow at 6%. They have to lend to Spain $22bn at
3% - it is just madness. Everybody is getting worried again. The solution that they seem to have come up with
seems to be worse than the problem in the first place. , The
US "Budget Surplus" Miracle Is Over: $125 Billion Deficit In May One month ago we
were pleasantly surprised to note that following 42 straight months of budget
deficits, among them record ones, such as the ($231.7) billion recorded in
February, the US finally managed to record its first budget surplus since
September 2008. The number was a modest but positive $58 billion, although
there was once again more than meets the eye. On May
7 we said that "without various temporal adjustments, the April
surplus of $58 billion would have been completely netted out by the cumulative
$57 billion in deficit time shifts." More importantly, we said, "In
other words, enjoy the surplus while you can: for another 30
or so days." Sure enough, 30
days later, the number is out, and it is back to normality: the US
recorded a deficit of $125 billion in May, on outlays of $305 billion and
revenues of $181 billion. And so the "surplus"
miracle is over. , Greek
Bank Run Update: €100-€500 Million Per Day
, The
Latest Adventures Of Alice In Euroland , China
Tells U.S. What It Can Do With Its Iran Oil Import Sanctions , Guest Post:
Banks Are An Endangered Species
The Unavoidable U.S. Reality: The Upcoming Economic
Collapse James Wood is devoted to analyzing markets and where our economy is going. He
believes that the next few years will be some of the toughest we have had since
the Depression which started in 1929.
Submitted
by Tyler
Durden on 06/12/2012
What
are capital controls? Simply, capital controls are policies which restrict the
free flow of capital into, out of, through, and within a nation’s borders.
They can take a variety of forms, including:
- Setting a fixed amount for bank
withdrawals, or suspending them altogether
- Forcing citizens or banks to hold
government debt
- Curtailing or suspending international
bank transfers
- Curtailing or suspending foreign
exchange transactions
- Criminalizing the purchase and
ownership of precious metals
- Fixing an official exchange rate
and criminalizing market-based transactions
Establishing
capital controls is one of the worst forms of theft that a government can
impose. It traps people’s hard earned savings and their future income
within a nation’s borders. This trapped pool of capital allows the government
to transfer wealth from the people to their own coffers through excessive
taxation or rampant inflation… both of which soon follow.
Submitted
by Tyler
Durden on 06/12/2012
One
day ahead of Jamie Dimon's blockbuster appearance
before the Senate Banking Committee, Bloomberg has released the definitive
timeline infographic of who knew what, when, together
with damning evidence that, contrary to what has been represented by JPM execs,
the firm knew about the massive risk, which an in house risk manager described
as "trying to land a Boeing 747
without flying lessons", as far back as 2010. Not only
that but the firm was actively engaged in fudging its VaR
for years in an attempt to hide the monster in the closet which we dubbed, long
before the details were exposed, the "world's
largest prop trading desk". Well, now the monster is out, and nobody
wants to come within one bid/ask spread of it. And tomorrow, Jamie will have a
fun time explaining just how he let all of this happen for years while
potentially engaging in material 10(b)-5 fraud in his
public filings and statements.
04:09PM GE and JPM LEAD Dow 1.3% Up, Is Cash Moving to Stocks? at Wall St. Cheat Sheet 04:08PM Four Reasons ETFs Will Remain
Volatile In June at
Investor's Business Daily
04:00PM MARKETS STAGE HUGE COMEBACK: Here's What You Need To Know Business Insider 03:54PM What To Expect From Jamie Dimon
Tomorrow: Not A Whole Lot at
Forbes 03:34PM InPlay:
Fractional new highs above intraday range in recent trade, no follow through
interest develops thus far -- Dow +128, S&P +11.2, Nasdaq
Comp +24.8 Briefing.com 03:02PM InPlay:
Stock indices still range bound but edges up toward morning bounce highs -- Dow
+116, S&P +9.9, Nasdaq Comp +21 Briefing.com 02:01PM InPlay:
Stock indices attempting to lift off early afternoon pullback lows -- Dow +108,
S&P +9.1, Nasdaq Comp +20 Briefing.com 12:42PM Watch Out Asset Managers, Hedge Funds Will Top $5 Trillion By
Taking Your Clients at
Forbes 12:42PM The 40 Highest-Earning Hedge Fund Managers at Forbes 12:40PM EU Crisis To Effect Economies Until 2014 at Forbes 12:11PM InPlay: Midday breather for stock
indices -- Dow +85, S&P +6.8, Nasdaq Comp +17
Briefing.com 11:42AM Index, ETF option volumes near midday optionMONSTER 11:36AM Index, ETF option volumes near midday optionMONSTER 11:26AM Turnabout is Fair Play! at Minyanville 11:13AM InPlay:
Stock indices extending recovery -- Dow +90, S&P +8.3, Nasdaq
Comp +20 Briefing.com 10:44AM InPlay:
Minor new session low for S&P +0.4 and Nasdaq
Comp +1.2 -- Dow +18 Briefing.com 10:05AM The 'Chewing Gum' Technical Rallies Continue at Minyanville 09:43AM SPDR S&P 500 ETF and Bank of America Most Active Stocks in
Pre-Market Today on the NYSE at Minyanville 09:39AM InPlay:
Moderate push higher off the open brings first level resistances into play --
Dow +20, S&P +2, Nasdaq Comp +11.5 Briefing.com 09:25AM SPDR S&P 500 ETF and Bank of America Most Active Stocks in
Pre-Market Today on the NYSE at Minyanville 09:05AM Pre-Market Primer: US Families Are 39% Poorer Thanks to Home
Prices, but Employers Might Ramp Up Hiring Next Month at Minyanville 08:46AM [video] Shorten Your Time Frame in This Increased Market
Volatility at TheStreet
07:30AM 10 Things You Need To Know This Morning Business Insider 07:30AM 10 Things You Need To Know Before The Opening Bell Business Insider 07:22AM REIT ETFs Get Second Look on
Dividends ETF Trends 06:01AM REIT ETFs Get Second Look on
Dividends ETF Trends 06:00AM Natural Gas Will Dictate Oil Prices, Not Iranian Sanctions or
OPEC at TheStreet
Americans' net worth falls 40% from 2007-2010
The Unavoidable U.S. Reality:
The Upcoming Economic Collapse James Wood is
devoted to analyzing markets and where our economy is going. He believes that
the next few years will be some of the toughest we have had since the
Depression which started in 1929.
Just in! Beat the devil(s)! No,
not that Humphrey Bogart film from years ago of that same title; but rather,
beat the devils as in jersey devils, as in LA Kings just beat the devils of
that sordid, corrupt, mob-overrun, disgusting state of new jersey. I hope I
don’t sound like a ‘fair-weather fan’, but I’m now an LA Kings fan for life!
Congratulations to the Champion LA Kings! { I really hate new jersey! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
Jerry Sandusky’s defense could be histrionic
personality disorder [ Come on! A psychiatrist/psychologist would be accused of
malpractice for such a diagnosis; clearly more than self-dramatization and an
exaggerated display of emotions on the part of sweet sandy...Sobbing witness,
18, details sex abuse in Sandusky trial { The defense: just a frolicking, cornholin’, fun-loving man-child; that sweet sandy was! Riiiiight! ‘… "After cracking my back and rubbing his
hands down the back of my shorts and blowing on the stomach, he, he put his
mouth on my privates," the man said, holding back sobs as a silent
courtroom listened. "I didn't know what to do. With all the thoughts
running through my head I kind of blacked out, I didn't want it to
happen," the witness added. The witness began to cry and said Sandusky later had forced
him to put his mouth on the coach's genitals…’ } http://albertpeia.com Crying witness gives graphic Sandusky account Witness: I saw Sandusky in the showers with a boy ]
http://endoftheamericandream.com
http://albertpeia.com/howtodietime.htm
{ First
and foremost clarification: There are no elite on this planet. The grim reality
for this planet is a dominant species descended from initially notochords,
primitive chordates, and relatively more recently primitive apes.
See generally, http://albertpeia.com/anthroindex1.htm ,
for a brief but sorrowful history of man.
}
[
12
Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm
{ First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable as they indeed are, as the incompetent vegetables
that they in fact are, who have been the very architects of ultimately their
own and the planet’s decline, fall, and demise. Yet, there is no question but
that the ‘masses’ so mocked, deserve to be mocked, having embraced their dismal
fate at every turn; viz., their embrace of ‘political correctness’, though
contraindicated, as, ie., the embrace of the violent,
destructive nigger who literally would have them for dinner, or the compulsion
to embrace that which the state says is right, though contraindicated, for
political expedience owing to failure fed (including the incompetent missteps
of the failed fed) desperation, ie., gay marriage,
etc., contrived wars / conflicts, among other clearly observable,
self-interested behavior of people, companies, nations, including the
gargantuan bailed out frauds on wall street to everyone’s (but the frauds’)
detriment, still unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not
been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and wobama should be ‘ridden out on a rail’). Make no mistake;
the reality is that the ‘new world order’/so-called ‘elite’ are not elite at
all; but rather, incompetent vegetables who can’t do
anything right as they’ve now proven time and time again. As I previously said:
Postal
chief: If we do nothing, we’re Greece
CNNMoney | If the
service doesn’t cut costs and Congress fails to act, it’s going to be in the
same dire straits as Greece.
Fed
Up with Euro? Irish Town Cashes in Old Currency
RT | As Eurozone tries to keep the
single currency afloat, one Irish town is banking on the past, to turn a
profit.
Fed:
American Wealth Plummeted 40% in Past 3 Years
Wash Post | The recent recession wiped out nearly two decades of Americans’
wealth, according to new data.
Barroso
pushes EU banking union
Financial Times | All 27 EU
countries should submit their big banks to a single cross-border supervisor as
part of a banking union to be enacted as soon as next year, the president of
the European Commission has urged.
The
Spailout Has ALREADY Failed … Before the Ink Has Even
Dried
Washington’s Blog | The market
rallied for a couple of hours on news of the $100 billion dollar Spanish
bailout (which everyone is calling the Spailout) …
and then crashed.
Spanish
Bailout Just “a Credit Line,” Says Spain’s New Prime Minister
New American | Spain’s
new Prime Minister Mariano Rajoy happily announced
that not only was his country going to get more bailout funds than it needs,
it’s coming without any strings attached.
Europe
Must Stop ‘Ridiculous’ Bank Bailouts: Pro
CNBC | The idea that taxpayers should be
expected to bail out Europe’s ailing banking system is “ridiculous” and does
not work, one expert told CNBC’s “Squawk Box Europe” Tuesday.
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 this 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. ]
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{ Oh! How conveniently forgetful, though the vast majority
of americans don’t have wobama’s luxury of feigned amnesia suffering from what
wobama did and didn’t do contrary to promises last time around the perpetual
campaign trail littered with his typical jive-talking b***s***! The following
headline will help him remember some of his sordid, pot-clouded high school
past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington
Post has been diligently digging into relatively innocent high
school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama,
by all accounts, was a habitual drug user in high school. He tried cocaine, he
admits in Dreams From
My Father; he “tried drugs enthusiastically.” The Chicago Tribune reported back in 2007
that Obama thanked the “Choom Gang” in his high school yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu Advertiser reported that Obama’s
senior portrait “prominently displayed … A package of ‘Zig-Zag’
rolling papers and a matchbook.” One of Obama’s close friends was arrested for
drug possession during high school.In his memoir,
Obama talked about routinely getting high. “Junkie.
Pothead,” he wrote. “That’s where I’d been headed: the final, fatal role of the
young would-be black man.” But, according to Obama, he only got high because he
was contemplating deep matters: drugs could “push questions of who I was out of
my mind.” Obama told students in 2007 that this activity constituted “goofing
off” and “wasting time”:"I will confess to you
that I was kind of a goof off in high school as my mom reminded me," Obama
said. "I went to high school in Hawaii,
so there's a lot of opportunity to goof off because the weather is really good
all the time …"You know, I made some bad decisions …. You know, got into
drinking and experimenting with drugs. There was a whole stretch of time where
I didn't apply myself. It wasn't until I got out of … high school, and went to
college that I started realizing, man, I wasted a lot of time.”The
New York Times, however, went
out of its way to find Obama’s classmates to testify that drugs played only a “bit
part” in Obama’s youth. Yet Obama would later brag on the campaign trail
that he “inhaled frequently … that was the point.”During
his high school years, Obama hung out with communist radical Frank Marshall
Davis; in 2007, the Los Angeles Times
reported that during his high school days, “he felt the first stirrings of
anger toward whites. He says he also delved into black
nationalism.” He was “offended or even enraged when white classmates
adopted black street slang or revealed their underlying consciousness of his
race by going out of their way to tell him how much they admired a black
musician or athlete.” This activity is certainly more reflective of Obama’s
ideological history than Mitt Romney’s pranks on teachers and fellow students.
And as for the drug use – well, that seems just a bit more serious than walking
a teacher into a door or cutting a student’s hair. But leave it to the Post to ignore or downplay all of that in
favor of continuing stories about Romney’s dog, his high school hijinks, and whatever other nonsense they can use to
protect President Obama from his own incompetence.’ Ben Shapiro is Breitbart News Editor-at-Large.
Follow him on twitter @benshapiro.
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself
for round two by eating a Golden Retriever. More on this breaking story here.If you're wondering what the rules
are regarding a candidate's past; how far back we're allowed to go in an
attempt to define them -- the answer is simple: the corrupt media will let
us know.
Washington Post Disgraces Itself By Targeting Romney's
'Anti-Gay' High School Pranks by Ben Shapiro { It
is true! The once great now failed newspaper, the washington
post, is an absolute disgrace! But a shadow of its former self, the post is
biased presumably owing to shared desperation with the failed president wobama in return for access. So egregious had the bias
become wherein ‘sensitive’ commentary antithetical to wobama
and his, seldom seemed to work/post properly; and, then of course, the post’s
pro-wobama perpetual darkness-induced blind
‘constituency’. I stopped posting there and have not visited their site since
nor will I ever again. A rather pathetic swansong / end / wind-down / final
chapter for what was once a great newspaper for which I had the utmost regard
and respect! }
Obama WILL NOT pursue gay marriage as
part of party platform...
STONE: 'Playing a cruel and cynical game'...
Unites Republicans?
New Black Panther Niggers Plan Newspaper
Cover With Zimmerman In Noose { and civilized people everywhere should respond
with niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN
BOXOFFICE FOR NIGGERO – Meanwhile, looney clooneyland ain’t doin’ so well with
the niggero model – see next headline! ...
Failed Wobama model illustrated: 16 Reasons To
Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
Postal Service loses $3.2b in first
quarter...
78% of California 8th graders fail
national science test...
_______________________________________
{ some prior links of current interest }
