Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com ‘DRAGHI DROPS THE BATON 8-2-12 European Central Bank chief Mario Draghi could not back up his bold statements from last week
with specific action. He could only say the ECB “may” through its mandate buy eurozone bonds. Basically this means he backed the Germans
into a corner and they didn’t blink. His credibility has taken a major hit and
Spanish bond yields once again headed for 7%. For markets it’s been two days and
back to back central bank disappointments with the ECB taking a large toll on
bulls. And to top things off, Friday is the Employment Report which is sure to
cause volatility in either direction.In more
pedestrian news, Jobless Claims rose (365K vs 370K expected
& prior revised higher to 357K); Factory Orders fell (-.5% vs .7% expected & prior .7%); and, Bloomberg’s Consumer
Comfort Index fell again (-39.7 vs prior -38.5).Last
night China signaled it would elevate to stabilize (weird choice of words)
economic growth which is noted in this
press release from Xinhua News Agency. Stocks there fell.Stock
markets took the news from the ECB hard. A late day rally (see SPY 2:15 PM Buy
Program Express) lifted stocks off their lows led mostly by technology (XLK)
and more Apple (AAPL) split chatter. Do you really think equity markets overall
can be durably supported by one stock and infinite central bank QE?Bonds (IEF) were somewhat stronger in price; the dollar
(UUP) was higher; gold (GLD) lower; and, commodities (DBC) weaker.Volume
was the highest of the week thus far and breadth per the WSJ was
negative…’ , Spain
And Italy Are Toast …Euros http://albertpeia.com/spainitalytoastnomatterwhat.htm , The
Fed's Gold Is Being Audited... By The US Treasury ZeroHedge.com
Tyler Durden
When we started reading the LA
Times article reporting that "the federal government has quietly been
completing an audit of U.S. gold stored at the New York Fed" we couldn't
help but wonder when the gotcha moment
would appear. It was about 15 paragraphs in that we stumbled upon what we were
waiting for: "The process involved about half a dozen employees of the
Mint, the Treasury inspector general's office and the New York Fed. It was monitored by employees
of the Government Accountability Office, Congress' investigative arm." In
other words the Fed's gold is being audited... by the Treasury. Now our history may be a little rusty,
but as far as we can remember, the last time the Fed was actually independent
of the Treasury then-president Harry Truman fired not one but two Fed Chairmen
including both Thomas McCabe as well as the man after whom the Fed's current
residence is named: Marriner Eccles, culminating
with the Fed-Treasury "Accord" of March 3, 1951 which effectively
fused the two entities into one - a quasi independent branch of the US
government, which would do the bidding of its "political", who in
turn has always been merely a proxy for wherever the money came from
(historically, and primarily, from Wall Street), which can pretend it is a
"private bank" yet which is entirely subjugated to the crony
interests funding US politicians (more on that below). But in a nutshell, the
irony of the Treasury auditing the fed is like asking Libor Trade A to confirm
that Libor Trader B was not only "fixing" the Libor rate correctly and accurately, but
that there is no champagne involved for anyone who could misrepresent it the
best within the cabal of manipulation in which the Nash Equilibrium was for
everyone to commit fraud. , Of
Beggars, Choosers, Unemployment, And Bailouts In Europe The problems of a group of 17 different
economies that are growing further apart - all functioning under the same
currency - will not be solved by any actions taken by the ECB" is how Stratfor's Adriano Bosoni
describes the can-kicking that has once again become the euro-zone this summer.
From the systemically rising and drastically desperate unemployment rates
around the Southern nations… , Why
Mega Banks Are The Modern Cocaine Cowboys
In today's episode of blast from the past, Bloomberg's Jonathan Weil
takes us on a time journey, which presents the Too Big To Fail bank problem
from a different perspective: that of the Cocaine Cowboy roaming the streets of
Miami in the late 1970s and early 1980s. Just like today's big banks they were
untouchable; just like today's banks they were collaborating and existing in
perfect symbiosis with the Federal Reserve; just like today the Cocaine Cowboys
existed in an untouchable vacuum courtesy of endless bribes to the local law
enforcement and judicial officials, and just like today, the TBTF institution du jour isn't "merely an economic
problem. It is a great moral failing of
our society that poisons our democracy." Back then, Ronald
Reagan stepped in just when Miami (whose real estate market had soared in
1979-1981 courtesy of rampant crime and money laundering: hint hint NAR anti money-laundering exemptions) was about to be
overrun, forming a task force that in the nick of time restored law and order.
Today we are not that lucky, as there is not a single politican
willing to risk it all just to eradicate the modern version of a classic
scourge: only this time they don't hand out 8 balls; they give away 0%
introductory APR cards and 3 Year NINJA Adjustable Rate Mortgages. Both however
get you hooked for life: either on drugs or on debt. Will someone step up this time and form a task force to
eliminate the second coming of the Cocaine Cowboy? Sadly, we don't think so. At
least not until the next great crash happens.
, Knight
Considering Bankruptcy, Looking At 363 Asset Sale , US Export
Orders Are Collapsing , Will
Penson Cash Vaporize Gentle Into That Good Knight? , The
Thin Blue Line Between Hopium And Reality
If there was one unique datapoint that
confirms beyond a reasonable doubt the perpetual upside bias of "analysts"
and other snake oil salesmen (after all, one is far more likely to buy the
stuff another is selling if one has a smile on his face, a wink in the eye, and
is optimistically inclined, even if that optimism is completely unfounded), it
is the following chart from UBS which shows the progression of consensus
bottom-up EPS growth estimates for Europe: "consensus estimates for 2012 EPS growth have fallen from double digits
at the end of last year to 0.7% currently." Observe the
straight thin blue line below: it
begins in the land
of Hopium,
and ends in Reality. , Only
24.6 Percent Of All Jobs In The United States Are Good Jobs http://albertpeia.com/only24percentusjobsgood.htm
02-Aug-12 09:26PM Coordinated Central Bank Inaction ETFguide 09:10PM Don't be Fooled, Here's What You Need to Know about QE3, Gold,
and Inflation ETFguide
07:17PM P&G Earnings Sneak Peek at Wall St. Cheat Sheet
07:16PM CVS Caremark Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 07:15PM Walt Disney Third Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 07:05PM CBS Earnings: Stock SPIKES on Third Straight Quarter of Rising
Profit at Wall St. Cheat Sheet
07:02PM Kraft Foods Earnings: Investors CHEER as Margins Expand and Net
Income Rises at Wall St. Cheat Sheet
06:10PM Spain And Italy ETFs Regain Downward
Momentum at Investor's Business Daily
05:37PM Public Storage Earnings: Not Exactly a Win at
Wall St. Cheat Sheet 05:34PM Sunoco Earnings: These Numbers Beat Wall Street Expectations
at Wall St. Cheat Sheet 05:32PM Spain And Italy ETFs Regain Downward
Momentum at Investor's Business Daily
05:29PM Pitney Bowes Inc. Earnings: Revenues Fall, Bringing Down Profit
at Wall St. Cheat Sheet 05:24PM Fannie And Freddie's Other Problem: Bank Of America at
Forbes 05:19PM Spain And Italy ETFs Regain Downward
Momentum at Investor's Business Daily
05:15PM Southwestern Energy Earnings: Profit Streak Snapped by a Loss
at Wall St. Cheat Sheet 05:05PM Microchip Technology Earnings: Fifth Straight Quarter of
Shrinking Margins as Net Income Falls at Wall St. Cheat Sheet
04:58PM Equities Top July ETF Fund Flows at
TheStreet 04:54PM Kraft Foods Earnings: Investors CHEER as Margins Expand and Net
Income Rises at Wall St. Cheat Sheet
04:48PM PerkinElmer Earnings: Revenues and Profits Climb Higher at
Wall St. Cheat Sheet 04:42PM AIG Earnings: Beats the Street on Profit Rise at
Wall St. Cheat Sheet 04:38PM CBS Corp Earnings: Stock SPIKES on Third Straight Quarter of
Rising Profit at Wall St. Cheat Sheet
04:24PM Are Corporate Profits A Bubble Waiting To Go Bust? at Seeking Alpha
04:22PM Fluor Corp Earnings: Margins Shrink as Costs Rise, Profit Falls
at Wall St. Cheat Sheet
04:15PM Can Knight Capital Be Saved? at
Forbes 04:00PM STOCKS TANK AFTER ECB FLOP: Here's What You Need To Know Business
Insider 03:53PM Can Knight Capital Be Saved? at
Forbes 03:52PM Investors Moved Back to Stock ETFs in
July ETF Trends
03:27PM XL Group Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 03:24PM The Death Of Equities? Hardly, Mr. Gross at
Seeking Alpha 03:15PM Tenet Healthcare Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:57PM Pepco Holdings Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:54PM Priceline.com Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:45PM Marsh & McLennan Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:31PM Knight Shows How to Lose $440 Million in 30 Minutes at
BusinessWeek 02:27PM Fossil Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:24PM FirstEnergy Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:21PM Express Scripts Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:18PM Emerson Electric Third Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:12PM Walt Disney Third Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:10PM InPlay:
Energy Services- XLE, Materials- XLB, Financials & Banks- XLF, & Telcos.- IYZ are the weakest large-cap sectors in the
S&P 500 moving into afternoon trading: SPX is currently @ 1357.21 -18.11
(-1.32%) Briefing.com
02:09PM CVS Caremark Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 02:06PM Cablevision Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 01:56PM Secular Bull And Bear Markets at
Seeking Alpha 01:50PM Kicked While Down, Alliance Bernstein Fired By Vanguard As
Peter Kraus Tries To Revive AUM at Forbes
01:42PM Xcel Energy Inc Earnings: Yet Another Quarter of Profitability
at Wall St. Cheat Sheet 01:36PM Time Warner Cable Earnings: Strong Margins Continue as Net
Income Rises at Wall St. Cheat Sheet
01:33PM TECO Energy Earnings: Profit Southbound for Fourth Straight
Quarter at Wall St. Cheat Sheet
01:30PM Teradata Corp Earnings: Beats
Expectations at Wall St. Cheat Sheet
01:24PM Sempra Energy Earnings: Misses Expectations as Profit Falls
at Wall St. Cheat Sheet 01:21PM Scripps Networks Interactive Earnings: Beats the Street on
Profit Rise at Wall St. Cheat Sheet
01:18PM Sealed Air Earnings: Misses Profit Estimate, Shares Fall at
Wall St. Cheat Sheet 01:15PM Spectra Energy Corp Earnings: Snaps Cold Streak with Profit
Growth at Wall St. Cheat Sheet
01:12PM SCANA Corp Earnings: The Profit Streak Continues at
Wall St. Cheat Sheet 01:06PM Rowan Companies PLC Earnings: Falls Short of Expectations at
Wall St. Cheat Sheet 01:03PM Quanta Services Earnings: Beats Forecasts at
Wall St. Cheat Sheet 01:02PM Pinnacle West Capital Earnings: Revenue Grows After Four
Straight Declines, Net Income Rises at Wall St. Cheat Sheet
01:00PM Small-Cap Performance Could be a Warning Sign at
Minyanville 12:57PM Parker Hannifin Corp Earnings: Falling Costs Drives Margin
Growth as Profit Rises at Wall St. Cheat Sheet 12:51PM Monster Worldwide Earnings: Net Income Sinks at
Wall St. Cheat Sheet 12:43PM P&G Earnings Sneak Peek at Wall St. Cheat Sheet
12:42PM Kellogg Company Earnings: Higher Expenses Shrinks Margins,
Profit Declines at Wall St. Cheat Sheet
12:33PM Denbury Resources Earnings: Profits
Beat Street at Wall St. Cheat Sheet
12:30PM CenterPoint Energy Earnings: Earnings
Higher Than Expected at Wall St. Cheat Sheet
12:27PM Clorox Company Earnings: Shrinking Margins for Fifth
Consecutive Quarter, but Net Income Rises at Wall St. Cheat Sheet
12:24PM CIGNA Corp Earnings: Revenue and Net Income Grow at
Wall St. Cheat Sheet 12:23PM Leucadia National Earnings: Two
Straight Quarters of Profit Broken by a Loss at
Wall St. Cheat Sheet 12:21PM Cardinal Health Earnings: Cost Decline Helps Margin as Profit
Grows at Wall St. Cheat Sheet
12:20PM Chesapeake Energy Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:19PM Becton Dickinson and Co. Earnings: Generates a Turnaround at
Wall St. Cheat Sheet 12:15PM Apache Earnings: Revenue and Net Income Fall at
Wall St. Cheat Sheet 12:13PM Ameren Corp Earnings: Beats Analysts Estimates at
Wall St. Cheat Sheet 11:54AM Red Flags Warn of Weak Rally at
Forbes 11:48AM [video] Resilient Market Despite Lack of ECB Or Fed Action at
TheStreet 11:30AM Index, ETF option volumes near midday optionMONSTER 11:30AM Draghi Pledge May Boost Investment in
Europe Stocks at Bloomberg
11:14AM Don't be Fooled, Here's What You Need to Know about QE3, Gold,
and Inflation ETFguide
10:59AM [video] Draghi Fakes Out Market at
TheStreet 10:47AM The Rise of ETFs and Stock Market
Correlation at TheStreet
10:45AM Will The Central Banks Disappoint? at
Forbes ECB's Draghi
Doesn't Back Up Talk With Action, Markets Slide at
The Wall Street Journal 09:34AM InPlay:
Stock indices sharply lower off the open -- Dow -142, S&P -13, Nasdaq Comp -27 Briefing.com
09:30AM Knight Capital Group and SPDR S&P 500 ETF Among Most Active
Stocks in Pre-Market Today on the NYSE at Minyanville
09:05AM Pre-Market Primer: Draghi May Buy
Bonds Directly at Minyanville
08:35AM Secondary Sources: Is Bill Gross Wrong?, Fiscal Cliff Still
Looms, Fed Forecasts at The Wall Street Journal
07:57AM 41AM [video] Special Addition: Pre ECB Express at
TheStreet 07:28AM 10 Things You Need To Know Before The Opening Bell Business
Insider 06:44AM Is Europe Looking for Backdoor Seniority on Spain? at
The Wall Street Journal
Congress,
with much left to do, takes 5 weeks off AP
Boehner:
President Obama ‘has never had a real job, for God’s sake’
Markets
Guru Arnott: Inflation Will Triple
Investors
should prepare for recession followed by a jump in consumer prices, says one
money manager.
USDA
Alert: Half of U.S. Counties Designated Primary Disaster Areas; Financial
Fallout “Intensifying”
Mac Slavo | The largest natural disaster in American history just went
from bad to worse.
Jobless Claims Increase
wsj.com | Number
of U.S.
workers filing applications for jobless benefits rose last week.
Max
Keiser: Banking Dictatorship Like Cancer
Infowars.com | Alex
talks with former Wall Street stockbroker and filmmaker Max Keiser about the
continuing implosion of the economy.
Hyper
Mario And Germany On Verge Of All Out Warfare
Zero Hedge | It now
appears that the simmering hatred between the two is about to upshift to a whole new level.
Stunning
Crimes of the Big Banks: Worse than Your Wildest Imagination
Washington’s Blog | You Won’t Believe What They’ve Done …
Chaos
Strikes The Market, People Suspect An Algo Gone Wild, Knight Capital Plummets 24%
Business Insider | Very
weird activity has happened at the NYSE today.
AP Business
Highlights
...Yahoo Market
Update…
Compendium of Important Business / National / World News / Topics /
Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
http://albertpeia.com/archives.htm
FBI Nazi
Bikers Bust FBI Nazi Bikers - What's Up At The FBI/DOJ?
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. ]
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 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 }