Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com CENTRAL BANKS THREATEN INTERVENTION 6-14-12 ‘We began Thursday with terrible Jobless Claims data (386K vs 375K exp & prior revised higher again to 380K).
Further another 135K unemployed fell off the benefits rolls in one week. But,
the previous theme the past few years now remains, “bad news is good” because
the Fed and other central banks will launch more QE. In fact QE is going on now
as the Fed today purchased (front ran) 30 year Treasury bonds ahead of the
Treasury’s 30 year auction. { image – http://albertpeia.com/61412qe.jpg } This little bit of manipulation has been
ubiquitous but has now expanded to a level not seen previously. In afternoon
trading word started filtering (obviously early to insiders) that central banks
were once again “all-in” in preparation to intervene in markets post Greek
election chaos. All this began as rumors (hence, those in the know were able to
push markets higher in a heartbeat) but then came news. First, a Reuters
story regarding intervention. Next, was a WSJ
story stating the Bank of England
with a story regarding their intentions to intervene should the you know what
hit the fan. Not to be left out
the MOF Nakao Tells DJ-WSJ:
Yen Rise Has Been "One-Sided," and not reflecting fundamentals
indicating more not less intervention. Canada even joined-in saying all
central banks need to be prepared with liquidity to meet market needs. Perhaps
more importantly the Institute for International Finance (IIF), which may just
as well pass as an industry lobbying group, stated they favored more global
accommodation. All that said got the HFT algos
fired-up and the short squeeze was on as stocks soared reversing the previous
day’s decline. Sure, it’s a lot of roller-coaster action abetted by central
bank manipulation and HFT trading. It really makes you wonder if stock markets
are free anymore. And, this type of intervention and trading has driven many
investors away from markets to wit, ICI reports $10 billion left markets last
week. Let’s not forget Friday is quadwitching which
could make for even more fun and games. Stocks soared led mostly by large caps.
The dollar (UUP) fell because obviously the euro (FXE) is much more secure.
Actually many believe there is quite a bit of repatriation taking place. Gold
(GLD) was higher as were many commodities (DBC), (USO) and (JJC). Bonds (IEF)
despite Fed intervention fell only slightly on the stock ramp higher. Volume
was quite heavy on all the intervention stories. Breadth per the WSJ was quite
positive…’ , The EU’s Real
Agenda: “Lie Until You Are About to Die” June 14, 2012
By gpc1981 ‘The big news that the markets are attempting
to digest this week is the €100 billion Spanish bailout. This action and
the upcoming Fed FOMC meeting on June 19-20 will dictate the market’s action
over the next two weeks and possibly for the remainder of the year.The first of these topics, the Spanish bailout, is an
extremely complicated affair. The key takeaway issues that need to be
considered are:
- How the bailout was performed: who
was involved and who wasn’t.
- The details of the bailout
structure itself.
- The financial implications of the
bailout.
- The political implications of the
bailout.
Let’s
dive in. Spain
has been denying the need for a bailout for months now. Indeed, a mere two
weeks ago, Prime Minister Mariano Rajoy stated that Spain
would not need outside assistance. In fact, when France’s President Francois Hollande implied that Spanish banks might need outside
funds at an EU summit last month, Rajoy retorted, “Hollande does not know the state of Spanish banks,” What’s
peculiar about this statement was that it was made when the Bankia
nationalization was already underway. .. Thus, I would change the common phrase
applied to the EU’s political/ financial policies from “extend and pretend” to
“lie until you are about to die.” This notion is illustrated by the fact that
on May 28th, a mere week before Spain requested a bailout, Prime Minister Rajoy continued to maintain that Spain would not need a
outside funding, stating, “there will be no rescue of the Spanish banking
sector.” At this point, Bankia had already requested
its bailout and Spanish banks’ shares were in a free-fall. Moreover, Spain
itself was just days away from requesting outside aid from the EU. The timeline
says it all:
May
9th: Bankia requests €4.5 billion loan, Spanish
Government states that the bank is “solvent.”
May 21st: Spain
meets Bankia’s request for loan and takes a 45% stake
in the bank thereby instigating a partial nationalization.
May 23rd: Bankia’s bailout needs
grows to €11 billion/ Rajoy retorts to France’s
Hollande, “Hollande does
not know the state of Spanish banks.”
May 24th: Bankia’s bailout needs grow to €15 billion
May 25th: Bankia’s bailout needs are now €19 billion
(2011 profits revised to €4 billion loss)… the Spanish Bailout Fund has just €5
billion in cash.
May 28th: Rajoy comments, “there
will be no rescue of the Spanish banking sector.”
Weekend of June 8-10th: Rajoy texts to his finance
minister: “Aguanta, we are the fourth European power.
Spain is not Uganda…
If they want to force the rescue of Spain,
they need to start getting ready €500 billion and another €750 billion for Italy,
which will have to be rescued afterwards.”/ Spain informally asks for €100
billion bailout/ EU Finance Ministers OK the bailout.
Sunday June 10th: Rajoy states that the bailout is a
“victory” before commenting, “This year is going to be a bad one: Growth is
going to be negative by 1.7 percent, and also unemployment is going to
increase.”
Thus,
in just one month’s time, Spain
implements the largest bank nationalization in its history and requests €100
billion from the EU to recapitalize its banks. .. at
which point the truth comes out: “This year is going to be a bad one.”
Moody's
Downgrades Five Dutch Banks By 1-2 Notches
ZeroHedge.com Tyler Durden 6-14-12 , From
An Orderly EUR Decline To A Capital Flight Crisis In 4 Easy Steps , Biderman: "The World Cannot Go Back To The Way It
Was" In browsing the last seven months of video commentary that
Charles Biderman, of TrimTabs,
has produced, he is clear on one thing, "nothing
has changed". With an 'admittedly rigged' stock market now
at the behest of global central banks and the slow-motion train-wreck in Europe
seemingly approaching the end of its can-kicking-road, Biderman is frustrated by the inane financial media's
perpetual belief that we are 'a grand plan' away from a return to the way the
world was before the crisis began - "We are not!"
Wages and salaries in the US
continue to stagnate with a $100bn per month deficit as he is incredulous at
the belief that we can go on printing $1.3 trillion to produce $250 billion in
spending each year. The US economy will
double-dip when the Fed's attempt at rigging the stock market
and economy is no longer perceived as viable and as the paisley-wearing pontificater expects both inflation (inevitable with CB
printing) and deflation (big banks, European and EM equities thanks to the
interventionist policies of the global central banks), he suggests gold as a
core holding. , Coordinated
Rumor Ramps Risk , S&P:
"Spanish Home Prices To Drop Another 25%" , Egan Jones Cuts
France To BBB+, Outlook Negative The
next Egan Who target is France,
which was just cut from A- to BBB+. EURUSD tumbles, unlike what happens when
Moody's or S&P downgrades. , Guest
Post: Time To Get Out Of The Middle East
14-Jun-12
09:58PM [$$] A Noted Market Bear Gets (a Little) Bullish at The Wall Street Journal 09:42PM If Greece Elections Trigger Rally, Don't Be Fooled CNBC 08:04PM A Noted Market Bear Gets (a Little) Bullish at The Wall Street Journal 06:51PM If Greece Elections Trigger Rally, Don't Be Fooled at CNBC 04:36PM Have $235,000? That's What It Costs To Raise A Kid Today-Before
College at Forbes 04:34PM Have $235,000? That's What It Costs To Raise A Kid Today-Before
College at Forbes 04:29PM Have $235,000? That's What It Costs To Raise A Kid Today-Before
College at Forbes 04:20PM STOCKS EXPLODE HIGHER AND RUMORS ARE FLYING: Here's What You
Need To Know Business
Insider 03:53PM Four Oversold ETFs That Could Stay
That Way at Minyanville
03:53PM NatGas And Greece ETFs
Explode at Investor's
Business Daily 03:30PM Four Oversold ETFs That Could Stay
That Way at Minyanville
03:02PM InPlay: Nasdaq Comp -3.5 pullback
extended into the red -- Dow +84 has slipped 48 points off its high, S&P
+6.2 Briefing.com 02:12PM InPlay:
Dow +129 and S&P +11 hovering modestly under session highs Briefing.com 02:01PM InPlay:
Dow +110 and S&P +10 pause after setting minor new highs, Nasdaq Comp +13 did not confirm Briefing.com 12:48PM Long Term Oil ETFs at Investopedia 12:09PM Long Term Oil ETFs at Investopedia 11:51AM Index, ETF option volumes near midday optionMONSTER 11:34AM Index, ETF option volumes near midday optionMONSTER 11:22AM Light In The Market Tunnel: New Bull Or Another Locomotive?
at Forbes 11:01AM InPlay:
Leading Dow +102 edges slightly above Wed high -- S&P +9, Nasdaq Comp +15 Briefing.com
11:01AM InPlay: Dow +11 and S&P unch
range trading slightly under early highs, Nasdaq Comp
-8.7 just above early low/support Briefing.com
09:46AM Nokia and SPDR S&P 500 ETF Most Active Stocks in Pre-Market
Today on the NYSE at Minyanville
09:40AM Nokia and SPDR S&P 500 ETF Most Active Stocks in Pre-Market
Today on the NYSE at Minyanville
09:30AM Nokia and SPDR S&P 500 ETF Most Active Stocks in Pre-Market
Today on the NYSE at Minyanville
09:00AM Pre-Market Primer: More Ugly Jobless Data and Deflation at Minyanville 08:00AM Spain in the Danger Zone at The Wall Street Journal 07:53AM [video] Markets On Edge Ahead of European Events at TheStreet 07:32AM Market Barometer: June 14, 2012 Optionetics 07:24AM Spain in the Danger Zone at The Wall Street Journal 07:15AM 10 Things You Need To This Morning Business Insider 07:15AM 10 Things You Need To Know Before The Opening Bell Business Insider 07:13AM Spain in the Danger Zone at The Wall Street Journal 06:10AM ETFs May Face Endless Summer of
Volatility ETF Trends
Seniors
lose billions to financial abuse Senior citizens have been getting swindled out
of billions of dollars a year, and the trend is only getting worse, studies
show. { No surprise here! This is, after all, america,
the land of the fraud! }
Nasdaq Officials Would Just Like To Point Out That Anyone
Who Lost Money As A Result Of The Exchange’s Incompetence Have Little To No
Legal Recourse
Foreclosures spike 9% in May
Federal
Reserve Board Members Gave Their Own Banks $4 Trillion in Bailouts
allgov.com |
According to a report produced by the Government Accountability Office released
by Senator Bernie Sanders.
Jamie Dimon Gets Heckled as Testimony Begins
LA Times | Hecklers
shouted “Stop foreclosures now!” but Dimon’s hearing
revolves around the company’s risk management-or lack thereof.
Federal
Fraud Against Small Businesses with Lloyd Chapman
Prisonplanet.com | Alex is
joined by Lloyd Chapman of the American Small Business League.
Farage: “The Euro Titanic Has Now Hit The
Iceberg”
Zero Hedge | In an
epic rant, trumping Biderman, UKIP’s
Nigel Farage appears to have reached the limit of his
frustration with his ‘peers’ in the European Parliament after the Spanish
bailout.
Hannan: “The Euro Is The Problem,
Not The Solution”
Zero Hedge | 72
seconds of crystal-clear thought from English MEP Daniel Hannan.
Endless QE? $6 trillion and counting
Reuters | Many more years of money printing
from the world’s big four central banks now looks destined to add to the $6
trillion already created since 2008
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 }
