Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com ‘BULLS JUMP ON EMPLOYMENT DATA’ 8-3-12 [
{ Dave’s Daily Summary with pics/charts – Dave is
always worth a look; a bit too bullish methinks, but somewhat realistic in
light of the preposterous churn-and-earn frauds/’valuations’, which folly has
gone global and will end quite badly! http://albertpeia.com/davesummary8312.htm } Then there’s: {
AP: Preposterous beyond words! In a nutshell: lunatics here on wall street and
abroad are indeed affected by this full moon in a very big way! } ] ‘The Employment report was better than
expected (163K jobs vs 100K expected but prior
revised lower to 64K from 80K). Inside the numbers the unemployment rate rose
to 8.3% and it was estimated 195K people dropped from rolls meaning the
so-called U-6 rate jumped to 15%. But algos chose to
focus on the headline number driving stock prices higher for another
end-of-week “stick save” which we’ve seen before.Perhaps
not so much in the headlines was a unique reevaluation of Draghi’s
comments from Thursday as noted by Bloomberg
whereby it was suggested he was just laying the framework for a bargain.
Further another late article from Bloomberg
noted some inferred weakening within the German ranks which might be more
supportive of Draghi’s efforts. And, this article points to a split
perhaps from the Bundesbank and politicians—always a
potential problem for the bank’s autonomy. Meanwhile economic data from the eurozone continued to decline with the PMI descending to
46.5 and the UK PMI (51) the lowest in 2 years.Also
of note was the
first repo liquidity injection from the Fed to Primary Dealer’s (banks)
since December 2008. This was a small amount ($200M) but showed the Fed working
in a more subtle fashion to lubricate trading desks.Stocks
were higher across the board and intra-market correlations were running almost
at 100% allowing for little in the way of diversification. Everything rallied
today except natural gas (UNG), bonds (IEF) and the dollar (UUP) and that’s the
easiest way to sum things up.Now you might think from
our comments we’re bearish but we’re 60% long equities in our active portfolio
with the balance in cash. Sure, on days like this we’d like greater exposure
but you wouldn’t have said that the prior 4 days. The bottom line is you can be
a skeptic while remaining systematic. Staying with longer term tech analytics
(weekly & even monthly) avoids a lot of the daily noise despite emotions.
So when markets rally when news overall and fund flows are this terrible that
must be bullish or just another bout of short-covering.We’re
seeing markets (see SPY chart below) that very much resemble similar periods to
2010 & 2011. Those markets featured significant two-way action which made
for poor trend-following conditions for short-term investors. This is now
enhanced by the presence of HFTs and algos and a good explanation of how these work
which also makes it more appropriate to step away from shorter-term chart views.Despite Friday’s good market action we still face
trouble in the eurozone and with global economic
contraction not solved by one data point or rumors and spin. Now we add
elections and accompanying uncertainty to the mix.Volume
on Friday was light with most of it coming in the last 20 minutes on ETFs squaring up positions. Breadth per the WSJ was
positive but seemed short of a 90/10 day…’ ,
Lest you
think we’ve turned the corner. . . . August 3, 2012
MK
It’s Friday. And if its
Friday, the FDIC announces another bank failure. In this case the 40th bank
failure this year. At that rate about six per month.
(But who’s counting?) Waukegan Savings Bank of
Submitted by Tyler
Durden on 08/03/2012
It is
late in the afternoon on a Friday, which means one thing: it is time to dump
all left over bad news under the rug. Sure enough, here comes S&P. From
Bloomberg:
03-Aug-12 06:07PM How to Use a Timeless Classic to Become a Smarter S&P 500
Trader ETFguide
06:05PM Media Not Reporting True Story of July Employment ETFguide 05:54PM How Can You Make the Best of a Dim Job Market? ETFguide 04:32PM Talking Numbers: Buy Into This Rally? CNBC
04:00PM STOCKS SURGE AFTER AWESOME NEWS: Here's What You Need To Know
Business Insider 03:57PM Forget the Fed: Wall Street Prefers Improving Data at
The Wall Street Journal 03:25PM There's Hope For Knight Capital As TD Ameritrade, Scottrade Resume Business at
Forbes 03:22PM [video] Talking Numbers: Buy Into This Rally? at
CNBC 03:20PM S&P 500 ETF Jumps 2% On Improved Jobs Report at
Investor's Business Daily 03:20PM August 3, 2012 Market Summary at
Investopedia 03:15PM S&P 500 ETF Jumps 2% On Improved Jobs Report at
Investor's Business Daily 03:15PM August 3, 2012 Market Summary at
Investopedia 03:05PM August 3, 2012 Market Summary at
Investopedia 03:01PM S&P 500 ETF Jumps 2% On Improved Jobs Report at
Investor's Business Daily 02:24PM Are Jobs Data Bad Enough to Be Good for Stocks? at
The Wall Street Journal 01:23PM Index Investing the Socially Responsible Way at
Motley Fool 12:33PM MICHELLE MEYER: We're Still Betting On QE3 Business
Insider 12:23PM Stocks Surge After U.S. Jobs Report, But Rally Has European
Roots at Forbes
12:22PM Integrys Energy Group Second Quarter
Earnings Sneak Peek at Wall St. Cheat Sheet
12:18PM Polo Ralph Lauren First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:15PM PPL Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:12PM News Corp Fourth Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:10PM NRG Energy Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:07PM Molex Incorporated Fourth Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:00PM Macys Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:48AM Friend Me! at Minyanville
11:33AM Dean Foods Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:31AM Index, ETF option volumes near midday optionMONSTER 11:30AM CenturyLink Second Quarter Earnings
Sneak Peek at Wall St. Cheat Sheet
11:30AM VIX Oddities and Broad-Market Support: Musings About Today's
Market at Minyanville
11:27AM Computer Sciences First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:23AM Stocks Surge: Jobs Report Sparks Some Optimism at
The Wall Street Journal 11:18AM Alpha Natural Resources Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:16AM Chesapeake Energy Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 11:14AM Jobs Up 163K in July But We Need to Do a Lot More: Labor
Secretary Chides Congress The Daily Ticker
10:35AM Disney Third Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 10:34AM CVS Caremark Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 10:22AM InPlay:
Stock indices extend after data -- Dow +213, S&P +24, Nasdaq
Comp +56 Briefing.com
09:40AM [video] Jobs Bounce Back at TheStreet
09:40AM ARMOUR Residential REIT and SPDR S&P 500 ETF Among Most
Active Stocks in Pre-Market Today on the NYSE at
Minyanville 09:40AM ARMOUR Residential REIT and SPDR S&P 500 ETF Among Most
Active Stocks in Pre-Market Today on the NYSE at
Minyanville 09:37AM InPlay:
Strong run off the open for stock indices -- Dow +168, S&P +19, Nasdaq Comp +38 Briefing.com
09:21AM [video] Jobs Bounce Back at TheStreet
09:14AM P&G Earnings: Margins Turn Around as Net Income POPS at
Wall St. Cheat Sheet 09:05AM Pre-Market Primer: US Job Market Kicks Into Higher Gear at
Minyanville 08:52AM Washington Post Co. Earnings: Sees Profit Move Up at
Wall St. Cheat Sheet 08:33AM JOBS REPORT CRUSHES EXPECTATIONS, BUT UNEMPLOYMENT RATE RISES
TO 8.3% Business Insider
08:26AM NYSE Euronext Earnings: BEATS Wall
Street Expectations at Wall St. Cheat Sheet
08:25AM P&G Earnings: Margins Turn Around as Net Income POPS at
Wall St. Cheat Sheet 08:20AM SPX Update: Is This 2009 All Over Again? at
Minyanville 08:08AM JOBS REPORT CRUSHES EXPECTATIONS, BUT UNEMPLOYMENT RATE RISES
TO 8.3% Business Insider
07:45AM Procter & Gamble Earnings: Margins Turn Around as Net
Income POPS at Wall St. Cheat Sheet
07:29AM ITT Corp Earnings: Below Analysts Estimates at
Wall St. Cheat Sheet 07:27AM EOG Resources Earnings: Increased Profit Helps Beat the Street
at Wall St. Cheat Sheet 07:19AM 10 Things You Need To Know Before The Opening Bell Business
Insider 07:16AM NYSE Euronext Earnings: Beats Wall
Street Expectations at Wall St. Cheat Sheet
07:11AM AIG Earnings: Accelerates Beyond Analysts on Profit Rise at
Wall St. Cheat Sheet
195,000
Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor Force
CNS News | There
were 195,000 fewer people employed in the
‘Real’
Unemployment Rate Shows Far More Jobless
CNBC.com | While the national unemployment rate
paints a grim picture, a look at individual states and their so-called real
jobless rates becomes even more troubling.
World Central Banks On Red Alert
Business Insider | Ben
Bernanke and Mario Draghi, with words but not yet
actions, demonstrated this week that they are on red alert about the global
economy.
AP Business
Highlights
...Yahoo Market
Update…
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
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
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.
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
_______________________________________
{ some prior links of current interest }