Business Summary Links By Day
Dave’s Daily: http://www.etfdigest.com
‘QE TALK &
MERKEL PROP STOCKS 8-16-12 Not to take anything away
from Cisco (CSCO) earnings which beat by a penny both on earnings and revenue,
but the thrust of Thursday’s rally came mostly on the heels of talk from on
high. Former Fed governor Plosser stated via the WSJ
that Bernanke’s recent comments indicate QE3 is likely but he is against it.
Also, Angela Merkel revived talk that the euro must be saved as she and the ECB
were committed to do. Of course, her comments don’t mean some current eurozone members like Greece will remain. China was also
cited as a stimulus for a rally Thursday as investors expect the government to
cut bank reserve requirements. Basically it’s all about “expectations and
talk” but nothing beyond this. The euro situation will continue its wax on/wax
off conditions; bulls will expect more QE; and, China will stimulate. Leaving CSCO’s beat and dividend increase aside, Walmart (WMT) also beat but the stock was sold. Facebook (FB) with restricted stock now available for sale
made fresh lows. Let’s remember earnings aren’t that great overall, guidance
has been modest to weak overall, GDP is declining but bulls are looking ahead
to more money printing. After all today’s economic news was not supportive with
the Philly Fed (-7.1 vs -5 expected); Jobless Claims
were weak (366K vs 366K and as more fall off the
rolls); and, Housing Starts and Permits were mixed. In fact as per the latter
it was the fourth worst reading on housing starts since 2009 and 2010. The
dollar (UUP) weakened on Merkel’s comments and gold (GLD) rallied; bonds (IEF)
& (TLT) continued to see higher yields as investors rotate to stocks; and,
with the dollar weaker commodities (DBC) & (USO) were stronger. Volume has
slumped to levels not seen since 2006 which makes it very easy for algos and HFTs to push markets in
any direction. Breadth per the WSJ was positive…’ , Finland
prepares for expected euro zone break up: report , Startling
Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For
Something BIG http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm , What
Should Jon Corzine's Hedge Fund Be Named? Since over the past five years hedge funds
are better known for coming up with ingenious names, than for actually
outperforming the market (recall
that "the aggregate hedge fund index is now significantly
underperforming the S&P 500 (from both the top in 2007 and the lows in
2009"), we hereby wish to do the Honorable
Jon Corzine a favor, and save him the money he
would otherwise spend on an expensive naming consultant, by offering up the
creative services of our audience in conjuring the name for his future hedge
fund. So dear ZH readers, take it away, although
keep in mind Long-Term Capital Vaporization LP appears to already have been
taken by a patent troll (soon to be likely sued by YHOO). , Guest
Post: Financialization's Self-Destruct Sequence Like all systems that follow an S-curve of
growth and decay, financialization cannot return to
its growth phase. But there is another dynamic at play: a self-destruct
sequence triggered by central bank and Central State
efforts to reflate asset and credit/leverage bubbles.
All central bank and State policies aimed at driving capital into risk assets
boil down to reflating phantom assets purchased with
debt by issuing more debt that is based on newly issued phantom assets. Phantom
assets purchased with debt cannot be reflated by
issuing more debt that is based on newly issued phantom assets. Piling more
debt/leverage on a sandpile of phantom assets (CDS,
bonds that cannot possibly be paid back, empty condos in the middle of nowhere,
etc.) only heightens the probability that the unstable pile will collapse. The implicit Central Planning campaign to trigger
"mild" inflation is part of the self-destruct sequence.
Central planners metaphorically fight the last war, or at best the last two
wars, and so they remain blind to any dynamics that did not exist in their case
studies. , Deleveraging
Needed In Next 4 Years: $28 Trillion
Over the past several years, there has been much speculation and
numerous reports that America
is deleveraging. It isn't. In
fact, consolidated across the 5 different kinds of American debt, which takes
into account not only federal, but also financial, municipal, household and
non-financial, total debt as a percentage of GDP has not budged over the past 4 years and is flat at 350%
of GDP. Which simply means that all of the household debt that
has supposedly vaporized (at least until the next major Flow of Funds
revision), all of which has taken place purely from discharges on uncollectable
mortgage and credit card debt, has been replaced by federal debt, while
financial debt has merely soared to take the place of the collapsing shadow
debt which is imploding as the confidence in a Fed-free financial system erodes
to zero. Which of course, is the worst possible outcome: instead of funding
private, individual entrepreneurs, who are the true basis for America's
historic growth, prosperity and success (and who, unlike the government can and will fail if they dont
allocated capital efficiently) the transferred debt (from
household to federal) merely goes to fund the unproductive components of the US
economy: the US government which by
definition produces nothing, and the financial sector, whose only
product is financial innovation which serves to make the TBTFs
TBTFer, and pay record bonus after record bonus,
and... that's it.
, Ann Romney on tax returns: ‘There’s nothing we’re
hiding’ "I paid taxes every single year"
is how Mitt Romney retorts to Harry Reid's charge that he paid no taxes in some
years. As Bloomberg
reports, after review of his tax returns over the last decade, Romney
always paid at least 13% of his income in taxes. , Retail
Exodus From Stocks Continues: Another $3.6 Billion Pulled Out Last week , A Modern Day
Worker Revolt , Europe's
Energy Costs See Biggest Two Month Jump Ever , Guest
Post: What To Do When Every Market Is Manipulated What do the following have in common? LIBOR, Bernie Madoff, MF
Global, Peregrine Financial, zero-percent interest rates, the Social Security
and Medicare entitlement funds, many state and municipal pension funds,
mark-to-model asset values, quote stuffing and high frequency trading (HFT),
and debt-based money? The answer is that every single thing in that
list is an example of market rigging, fraud, or both. How are we supposed to
make decisions in today’s rigged and often fraudulent
market environment? Where should you put your money if you don’t know where the
risks lie? How does one control risk when control fraud runs
rampant? Unfortunately, there are no perfect answers to these questions.
Instead, the task is to recognize what sort of world we happen to live in today
and adjust one’s actions to the realities as they happen to be. The purpose of
this report is not to stir up resentment or anger -- although those are
perfectly valid responses to the abuses we are forced to live with -- but to
simply acknowledge the landscape as it is so that we can make informed decisions.
Guest Post: Assange Or Corzine?
The issue at hand is the sense that we
have entered a phase of exponential criminality and corruption.
A slavering crook like Corzine who stole
$200 million of clients’ funds can walk free. Meanwhile, a man who exposed
evidence of serious war crimes is for that act so keenly wanted by US
authorities that Britain has threatened to throw
hundreds of years of diplomatic protocol and treaties into the trash
and raid the embassy of another sovereign state to deliver him to a power that
seems intent not only to criminalize him, but perhaps
even to summarily execute him. The Obama administration, of course, has
made a habit of summary extrajudicial executions of those that it suspects of
terrorism, and the detention and prosecution of whistleblowers. And the
ooze of large-scale financial corruption, rate-rigging, theft and fraud goes on
unpunished.
{ From sun never sets, to sun never shines on ever-declining britain along with
pervasively corrupt defacto bankrupt america.
What losers in decline they’ve become. As further testament to that
unmistakable state of decline, america
even has a nigger president … you can’t get any lower! }
Conflict
Brewing Between UK And Ecuador As Latin American Country Agrees To Grant Asylum
To Assange
Are we about to see a mini-war on UK soil, if and when Britain decides
to storm the Ecuadorian embassy, which moments ago announced it has granted
asylum to Julian Assange? From Reuters:
"Ecuador granted political asylum to Julian Assange
on Thursday, ratcheting up tension in a standoff with Britain which has warned
it could revoke the diplomatic status of Quito's embassy in London to allow the
extradition of the WikiLeaks founder. The
high-profile Australian former hacker has been holed up inside the red-brick
embassy in central London for eight weeks since
he lost a legal battle to avoid extradition to Sweden, where he is wanted for
questioning over rape allegations. Ecuadorean Foreign Minister Ricardo Patino said he feared for the safety and rights of Assange which is why he said his country had decided to
grant him asylum. "Ecuador has decided to grant political asylum to Julian
Assange," Patino told
a news conference in Quito.
Ecuador's decision takes
what has become an international soap opera to new heights since Assange first angered the United
States and its allies by publishing secret U.S. diplomatic
cables on his WikiLeaks website." The UK, needless to say, is not happy, and the UK foreign ministry has said it will carry out binding obligation to extradite Assange to Sweden.
Looks like posturing is about to hit a crescendo and someone will have to do
something. Because foreign politics and diplomacy is (luckily) not central
planning.
05:40PM Is It Time For an Equal Weight ETF? Zacks 04:41PM Train Reading: Fed's Hawks Squawking at
The Wall Street Journal 04:28PM The Gap Inc. Earnings: Stylish Enough for Investors at
Wall St. Cheat Sheet 04:01PM [video] Favoring Equities Over Other Asset Classes at
TheStreet 04:00PM STOCKS FINALLY GO SOMEWHERE AND IT'S UP: Here's What You Need
To Know Business Insider
03:32PM Gold ETFs Glisten As U.S. Dollar
Sells Off at Investor's Business Daily
02:55PM Gold ETFs Glisten As U.S. Dollar
Sells Off at Investor's Business Daily
02:33PM InPlay: New afternoon highs for stock indices -- S&P
+10, Dow +92, Nasdaq Comp Briefing.com
02:27PM Jon Corzine (Yes, That Jon Corzine) May Start A Hedge Fund at
Forbes 02:21PM S&P 500 breaks out above 1415 as bonds turn lower, levels
to watch theflyonthewall.com
02:20PM Happy Half-Lost Decade, America!: U.S. Yields More Japanese
Than Japan? at The Wall Street Journal
02:11PM Staid Utilities, Health Care Fall Despite Broad Index Gains
at Barrons.com 12:58PM Best Buy Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:45PM Dell Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 12:45PM Bet With Buffett: Three Commodity Picks at
Minyanville 12:44PM Market's Wonderfully Boring August Is Quiet As Christmas at
Barrons.com 12:42PM Index, ETF option volumes near midday optionMONSTER 11:31AM Index, ETF option volumes near midday optionMONSTER 11:30AM A Little-Known Indicator Nailed the May Sell-Off; What's It
Saying Now? at Minyanville
11:26AM Index, ETF option volumes near midday optionMONSTER 11:23AM InPlay:
Minor new session highs -- Dow +39, S&P +4.8, Nasdaq
Comp +17 Briefing.com
10:56AM [video] Economic Data Fails To Give Certainty To Market at
TheStreet 10:25AM Why big trader is selling puts in SPY optionMONSTER 10:04AM Medtronic First Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 10:02AM InPlay:
Stock indices slip slightly after below consensus Philly Fed data -- Dow -13,
S&P -0.9, Nasdaq Comp +3.5 Briefing.com
10:02AM Intuit Fourth Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 09:58AM Best Buy Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 09:55AM The 20 Strongest Names in the S&P 500 at
Minyanville 09:47AM Dell Second Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 09:44AM Analog Devices Third Quarter Earnings Sneak Peek at
Wall St. Cheat Sheet 09:39AM InPlay:
Mixed performance for stock indices Briefing.com
09:21AM GameStop Earnings: Five Quarters in a Row of Expanding Margins,
Net Income Drops at Wall St. Cheat Sheet
09:20AM Ross Stores Earnings: Profit Rises by Double-Figures for Fifth
Consecutive Quarter at Wall St. Cheat Sheet
09:10AM Pre-Market Primer: Building Permits Blow Past Expectations, Facebook Shares Come Out of Lockup at
Minyanville 08:55AM SPX Update: Beta-Chasing Reaches Historic Highs at
Minyanville 07:58AM EARNINGS: Agilent Technologies Investors HATE These Numbers
at Wall St. Cheat Sheet 07:55AM EARNINGS: Applied Materials Net Income Dips, Stock Does Too
at Wall St. Cheat Sheet 07:54AM EARNINGS: Cisco Systems Profit ROCKETS Higher for Third
Straight Quarter at Wall St. Cheat Sheet
07:53AM [video] IYT and IWM Join The Rally at
TheStreet 07:52AM EARNINGS: NetApp Net Income FALLS
at Wall St. Cheat Sheet 07:49AM Sears Holdings Earnings: Beats Expectations with Narrowing Loss
at Wall St. Cheat Sheet 07:49AM EARNINGS: Limited Brands Net Income KEEPS Falling at
Wall St. Cheat Sheet 07:28AM The Light at the End of the Tunnel at
Forbes 03:31AM This Restaurant Stock is Looking Tasty at
Motley Fool
Facebook stock hits all-time low as insiders get first
chance to sell
CNN Money | IPO
launched at $38 a share, now worth almost half that.
The
Truth About How The Fed Has Destroyed The Housing
Market
Zero Hedge | “So long
as the music is playing, you’ve got to keep dancing. We’re still dancing.”
The Portuguese
Run Out Of Gold To Sell
Zero Hedge |
“Business has gone from great to terrible in a matter of months.
Facebook shares hit all-time low as lock-up expiration lets
insiders sell
Guardian.co.uk | Analysts
split on whether investors will take advantage of end of lock-up period as
shares near half of the $38 IPO price
MORGAN
STANLEY: ‘The Global Economy Has Sunk Deeper Into The
Twilight Zone’
Business Insider | The gist is that everyone in the world is struggling right
now.
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 }