Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html ‘As readers know I’ve been on the “down low”
waiting for the Greek elections and FOMC statement. This, and staying liquid,
proved the right move for now.
After all, as someone famously said, “tomorrow’s another day.”Markets
started the trading day inundated by a litany of crummy economic data. Jobless
Claims (387K vs 383K expected & prior revised
higher as per normal to 389K) made for a mild headline beat but overall the
trend is worsening. The “flash” (why do we need one?)
PMI estimate came in cold (52.9 vs 53.8 expected
& prior 53.9); Bloomberg Consumer Comfort Index fell again (-37.9 vs -36.8 previous); Existing Home Sales were poor dropping
1.4% (4.55M vs 4.62M prior) or housing market not
“fixed”; if that weren’t enough, the important Philly Fed Survey imploded
(-16.6 vs .5 expected & prior -5.8). Put these
together and Operation Twist seems pathetically inadequate requiring perhaps
another Fed meeting adjustment which would be seen by many as more politically
motivated. Let’s face it; Bernanke & Co have
gotten things wrong. The administration and congress haven’t been helpful either.Goldman Sachs (GS), and no doubt prepositioned,
issued a short S&P 500 call. Late in the trading day rumors Moody’s would
issue bank downgrades this evening and into Friday morning. Names
mentioned for downgrade include Citigroup (C), Bank of America (BAC), JP Morgan
(JPM), Goldman Sachs (GS) and Morgan Stanley (MS). For some banks this
could mean margin calls especially for MS.In the eurozone, the Bundesbank rejected
Italy’s Monti call for ECB bond purchases—Europe not
“fixed”.On the earnings front, Micron (MU), Red Hat
(RHT) and CarMax (KMX) all reported results that missed analysts’ expectations
and those stocks fell sharply as did just about everything else. Commodity
markets (DBC), (USO) & (JJC) for example continued their decline. The
dollar (UUP) was higher on eurozone confusion and
gold (GLD) fell sharply as investors scramble for cash to meet inevitable
margin calls.Volume was higher by recent averages on
the large sell-off which is quite common for days like this. Breadth per the
WSJ was quite negative and short-term overbought conditions (noted here
yesterday) have been wiped-out…’ , Moody's downgrades 15 major global banks , Germany
Could Pull Out of the Euro Before Spain is Even “Saved” June 21, 2012
By gpc1981 http://albertpeia.com/germanypullout.htm , Data
Mining: Big Corporations Are Gathering Every Shred Of Information About You
That They Can And Selling It For Profit
http://albertpeia.com/datamining.htm , 120
Powerful Pieces Of Advice For Preppers
http://albertpeia.com/adviceforpreppers.htm , Propaganda, Lies,
And War ZeroHedge.com Tyler Durden 6-21-12
Despite already being engaged in drone wars in Pakistan, Somalia, Yemen,
and still occupying Afghanistan, the U.S. is being duped into yet another war
based on shaky evidence and at the behest of deep-pocketed
special interests. This is coming even while a secretive
cyber war already being waged to damage
Bears Roar Back LOUD Against Timid Bulls at Wall St. Cheat Sheet 06:58PM Bears Roar Back LOUD Against Bulls at Wall St. Cheat Sheet 05:55PM The S&P 500 (SPY) Struggles with Overhead Resistance. How
Can We Take Advantage? Wyatt
Investment Research 04:45PM What To Keep In Mind For ETFs And CAN
SLIM Investor's
Business Daily 04:45PM What To Keep In Mind For ETFs And CAN
SLIM Investor's
Business Daily 04:18PM STOCKS COLLAPSE: Here's What You Need To Know Business Insider 03:47PM InPlay:
Steady downtrend extended again -- Dow -229, S&P -27, Nasdaq
Comp -65 Briefing.com 03:00PM Greeces Election Results and the
Singapore Dollar at
Motley Fool 01:44PM InPlay:
Lateral drift near session troughs has given way to fresh session lows for the
S&P -20 and Nasdaq Comp -50 -- Dow -162 holding
above thus far Briefing.com 01:22PM The Market's Final Short Opportunity? at Seeking Alpha 12:31PM Goldman Sachs: Short Stocks at The Wall Street Journal 12:17PM InPlay: Pressure persists with Dow
-121 and S&P -15 setting new session lows, Nasdaq
Comp -37 Briefing.com 12:16PM Goldman Sachs: Short Stocks at The Wall Street Journal 11:46AM Bullish Sentiment Continues To Sink at Forbes 11:33AM Index, ETF option volumes near midday optionMONSTER 11:32AM SPY, GOOG, BRK.B, JPM: ETF Inflow Alert at Forbes 11:31AM Index, ETF option volumes near midday optionMONSTER 11:31AM SPY, GOOG, BRK.B, JPM: ETF Inflow Alert at Forbes 11:26AM SPY, GOOG, BRK.B, JPM: ETF Inflow Alert at Forbes 11:26AM Index, ETF option volumes near midday optionMONSTER 11:24AM Wall Street's Thursday Lunch Options Optionetics 11:18AM 11:06AM InPlay:
Dow -52 and S&P -8 slide to new session lows, Nasdaq
Comp -21 nearing its morning low Briefing.com
11:02AM InPlay: Stock indices slide to fresh lows after weak data
-- Dow -9.7, S&P -3.7 Nasdaq Comp -14 Briefing.com 09:45AM Bank of America and SPDR S&P 500 ETF Most Active Stocks in
Pre-Market Today on the NYSE at Minyanville 09:45AM InPlay:
Stock indices slipping back after mixed start Nasdaq
Comp -5.4 lagging -- Dow +14, S&P -0.2 Briefing.com
09:35AM [video] Trading A Strong Tape Following The Fed at TheStreet 09:32AM The S&P 500s Imperfect ETF Clones at Barrons.com 09:05AM The S&P 500s Imperfect ETF Clones at Barrons.com 09:05AM Pre-Market Primer: Stocks Dip on Global Manufacturing Declines
at Minyanville 09:01AM Bed Bath & Beyond Earnings: Revenue Misses, Slowing Growth
a Concern at Wall St.
Cheat Sheet 08:42AM Micron Technology Earnings: Margins Shrink as Net Income Falls
Short of View at Wall
St. Cheat Sheet 08:40AM Red Hat Earnings: Revenue and Net Income Growth Just Not Enough
for Investors at Wall
St. Cheat Sheet
Moody's Cuts Credit Ratings of 15 Major Banks
Including Bank of America, Citigroup, JPMorgan
Moody’s cuts
ratings of 15 global banks
Reuters | Moody’s
Investors Service cut the credit ratings of 15 of the world’s biggest banks on
Thursday.
Citi’s Buiter Goes All Maya On The GRexit
Zero Hedge| “The greatest fear of the core
nations is not the collapse of the euro area but the creation of an open-ended,
uncapped transfer union without a surrender of national sovereignty to the
supra-national European level”
Tank-driving,
cash-stealing kleptocrats – watch out!
RT | Kleptocrats
take money out of
Home
foreclosures drive Americans to suicide?
RT | Since the
economic crisis hit America, more than 2.5 million homes have been foreclosed
in the
AP Business
Highlights
...Yahoo Market
Update…
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Wobama’s Choom Gang Bangin’ { This
brief video (11 mb) is well done and worth a
watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the President's
own memoir)... {
http://albertpeia.com/wobamaschoomgangfantasy.htm }
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
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
_______________________________________
{ some prior links of current
interest }