Business Summary Links By Day
Dave’s
Daily: http://www.etfdigest.com
‘ALGO DRIVEN TRADING DOMINATES TUESDAY 9-4-12 The basic news on the day was
universally poor and the market reacted negatively, even logically. But as the
day wore on the trusty 2:15 PM Buy Program Express took the lead and pushed
markets higher. It can only be the result of the ongoing “bad news is
good” theme
indicating more QE must be on the way. And, let’s face it, our crack addicted trading desks believe
in the Bernanke Put and the global central bank put. It’s quite
apparent reading the news from China this morning as pundits were universally
calling for more PBOC stimulus—it’s QE contagion. Moody’s cut their European outlook to negative which must
be viewed two ways: Moody’s gets no respect and it means more QE. Speaking of
which the ECB is rumored to be launching “unlimited” bond buying (QE) with “conditions” (whatever
those might be). The bond buying is said to be 0-3 year maturities with the
implication being the problems of austerity and debt would be Clouseau-like “sol-ved” during
that period. Given that sort of optimism you’d not be incorrect in assuming the ECB will need a
bailout itself down the road.In lesser news Swiss GDP surprised to the
downside, -.1%. In the U.S. the PMI was flat (51.5 vs 51.4) but the ISM Mfg
Survey weakened for the third month (49.6 vs 50 expected & prior 49.8) as
did Construction Spending (-.9% vs .4% expected & prior .4%). Naturally
this was more QE3 friendly which is bullish in the Twilight Zone.As stated,
stocks were much weaker most of the day until an algo driven rally awakened
bulls late as buy programs kicked-in at the usual hour. But into the closing 20
minutes sell programs hit the tape sending stocks lower once again. There’s no two
ways about it, September and October will feature more than the usual amount of
volatility.Apple (AAPL) also known as “the market” announced it will put on another show for the
financial media September 12th to unveil its new iPhone presumably.
This naturally got the tech sector (XLK) fired-up from its lows of the day to
close mostly flat. The biggest mover was small caps (IWM) which are the most
sensitive and addicted to QE. The dollar (UUP) was relatively unchanged, bonds
(IEF) were weaker, commodities (DBC) were mixed while precious metals (GLD) and
(SLV) were higher.Investment Tip:
Bill Gross of Pimco tweeted today that investors should buy gold as a hedge
against the money printers globally. Who are we to argue? We’re long
gold both vanilla and leveraged. Gross: Draghi appears willing to write 2-3
year “checks” to
peripherals. Very reflationary. Buy gold, TIPS, real assets.— PIMCO
(@PIMCO) September
4, 2012 Volume was only modest
overall as perhaps some Labor Day stragglers were coming back to work from the
Hamptons. Breadth per the WSJ was mildly positive…’ , 18
Indications That Europe Has Become An Economic Black Hole Which Is Going To
Suck The Life Out Of The Global Economy
http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm , THREE
CHARTS TO WATCH FOR SIGNS OF WHAT’S TO COME http://albertpeia.com/3chartstowatchwhatscoming.htm , Economic
Failure: 58 Percent Of The Jobs Being Created Are Low Paying Jobs http://albertpeia.com/oecofailureandlowpayjobs.htm , Moody's
Downgrades European Union To Outlook Negative ZeroHedge.com , Guest
Post: Bernanke: "We Can't Really Prove It, But We Did The Right Thing
Anyway" (Riiiiight!) , Financials
Hide Analysts' "Earnings Recession" Expectations We know top-line numbers were a
disappointment in Q2; but the long-only AUM-defending commission-takers will
remind you that 'stocks are cheap', '...valuation...', 'money on the the
sidelines', and on the surface there was a 6.9% increase in EPS from Q2 2011
(growthy and as UBS notes - anything but anemic). But, like every good story,
the truth is darker under the surface; looking at earnings growth (i.e.,
without the impact of shrinking share counts) excluding prior-period Financial
sector writedowns, we see an outright
earnings contraction. Further, consensus estimates are calling
for EPS growth to go negative in 3Q12 - falling to $25.07 from $25.65 - which
will make two quarters in a
row of negative earnings growth - what we would consider an earnings recession. , Reality
Bites: Fedex Cuts Outlook On Global Growth Concerns ...and so it begins - with a bellwether:*FEDEX CUTS 1Q EPS FORECAST TO $1.37-$1.43,
EST. $1.56 "Weakness in the global economy constrained
revenue growth at FedEx Express more than expected in the earlier
guidance." FDX -4% AH and UPS -2.5% - both to lows of year! This is a
not a good
sign for GDP! , It's
Official: $16,015,769,788,215.80
, Find
Out If Your Apple Device Was Among The 12 Million Units Hacked And Tracked By
The FBI , The
One Chart To Explain Why ECB's Short-Dated Bond Buying Program Will Fail ,
Mario
Draghi Reprises Hank Paulson: Demands Full Monetization Authority Or Else
Threatens With End Of Euro , Facebook
'Barely Legal' As 18 Penetrated
, Manufacturing
ISM Misses, Third Month In Contraction Territory; Biggest Miss In Construction
Spending In One Year , June
Foodstamp Recipients Hit All Time High As Three Times As Many Americans Enter
Poverty As Find Jobs , 19
Signs That Israel And Iran Are On The Verge Of War http://albertpeia.com/israeliranonvergeofwar.htm
Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you
don’t have to love Romney but you at least have to like yourself in saying
‘NO!’ to more wobama b***s*** which is all that he is. Have some self-respect.
His grade is unequivocally ‘F’ for failure, having failed to do as promised
which coincidentally is a direct cause among others of this debacle called
america’s dark obama years. All the talk/b***s*** cannot change that
reality. Obama: Biggest mistake too much perspiration, not enough
inspiration [What total b***s***!]
{ Biggest mistake: too much b***s***, not enough substance; that’s reality, not
spin! } White House on weak jobs report: Don’t ‘read too much’ into it Olivier
Knox, Yahoo! News { Riiiiight!
Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special
consideration’ alone, never having done anything of substance in his entire
life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to
be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative
amnesia that works well in the continuing ‘narrative’ devoid of fact on his
‘more b*** s*** campaign trail’ littered with the cowpies of stark reality.
People owe themselves and their children more than this grifter’s con which in
numbers measures more than the increased deficits of all the presidents since
President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm
} Obama Asks
People Getting Married To Forgo Gifts...
Donate
To His Campaign Instead... [ Wobama is so pathetic! Sure, sacrifice
for the grifter wobamas so they can continue livin’ large on the taxpayer dime
while accomplishing nothing except greater public debt to hide his failure.
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. It’s laughable to hear him blame congress for his lack of
accomplishments when the reality is that he ‘really wasn’t there’ for any of
it. For wobama the presidency is just endless debate, rhetoric, campaigning,
vacationing, soundbites from the teleprompted speeches, jive-talk, b***s***,
and ‘choom fantasy’. He’s a total fraud and failure and anyone who buys into
election-year desperation / promises, etc., is just a fool of the worst
kind! AP: ‘…THE
FACTS: Five Senate Democrats voted against sending the DREAM Act to the Senate
floor for full consideration. The bill would have created a path to citizenship
for many young illegal immigrants brought to the United States as children.
Last week, Obama announced plans to stop deporting illegal immigrants who would
have qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration et
als were hell-bent on passing same? Should Romney have breached his legal duty
to shareholders and invested in companies with poor earnings prospects? After
all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. ]
Will accept
your birthday or anniversary gifts, too...
IF IT WAS ONLY ONE THING
ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM
INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The
worst part of it ...Obama, who vowed
change, has done almost nothing to fix any of it and in fact continues most of
the policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable
for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
, etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR
PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING
FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In
late 2007, I wrote the book Prelude To Meltdown, predicting the global
crisis that occurred the following year. I now see a similar confluence
of events .. “the new recession has started.”… Over the past 33 years, we have
called the start of every recession..Currently, the GDP deflator is 1.8%, which
hardly reflects the true rise in prices. Therefore, what is counted as
“growth,” is actually price increases. Actual inflation..is now more than 11%.
Using that to adjust GDP for inflation, would show that the economy is now in a
very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST
ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING
SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED,
NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United
States of America while Barack Obama is President. The evidence is
overwhelming: everything Obama has tried to fuel a recovery (with his
Democratic allies in Congress) has failed. Statistics claiming jobs saved
by the stimulus package were mostly fiction, and cost American taxpayers about
$275,000 each. Nearly 2-1/2 million fewer Americans have jobs than before
the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He
spent the first year obsessed with passing Obamacare, a program that doesn’t
create jobs, but might destroy a lot of them. He “bailed out” GM, but
many believe that his interference didn’t save GM; it merely cost taxpayers an
extra $15-20 billion, and stole from legitimate investors to buy off the UAW.
His broken campaign promises are too numerous to list…’). IT
IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES
IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED
PRESIDENT WOBAMA … GOOD RIDDANCE!
Poll: R
48% O
44%
RASMUSSEN:
ROMNEY 47% OBAMA 44%...
GALLUP:
ROMNEY 47% OBAMA 46%...
Dem
Gov.: We're Not Better Off Now...
GALLUP:
Obama Job Approval Drops to 43%...
PROTESTERS
VOW BIGGER CROWDS IN CHARLOTTE...
'Occupy'
encampment re-opens near Dem convention...
DNC
security rules trigger free speech worries...
KING:
Obama presidency has been time of deep Dem decline...
Frustrated
union leader throws empty chair...
RECORD-HIGH
LABOR DAY GAS PRICES GREET DEMS IN CHARLOTTE...
RYAN:
President 'running campaign based on envy and division'...
GOP
launches 'Obama Isn't Working' message...
SUNDAY:
Dem Gov. -- We're Not Better Off Now...
MONDAY:
'We're Clearly Better Off'...
BIDEN:
'If It Weren't So Hot I'd Go Into Detail'...
Debt
to hit $16 trillion just as party gavel in convention...
Dems
to bus in black church members from SC...
ID
required to attend...
'GODFATHER'
TO CUT DNC TRIP SHORT...
Chicago
schools brace for strike...
Dems
Drop 'God' From Party Platform...
REUTERS
PHOTO DEPICTS HARRY IN HELLFIRE...
Endorse
taxpayer-funded abortions...
DNC
Video: 'The Government Is The Only Thing We All Belong To'...
ABCNEWSWASHPOST
POLL: Obama personal popularity fading...
Women Turning...
DEBT
TOPS $16T...
$136,249
Per Household...
FOOD
STAMP USE CLIMBS TO RECORD 46.7 MILLION...
Key
SOLYNDRA figure 'ran for exit' after seeing ABCNEWS cameras on DNC floor...
UPDATE:
Obama gives himself an 'incomplete' grade...
POLL:
Just 40% say he deserves second term...
POLL:
Less Than Half of Army Officers in Afghanistan Report High Morale...
Panicking
Spaniards Pull Out Cash, Leave Country...
Depression,
Suicides Rise as Euro Debt Crisis Intensifies...
MOODY'S
Changes Rating Outlook to 'Negative'...
COPS:
Mother Forces 10-Year-Old Boy To Rob House... { Shafique (black) and her son ran away but
Lynnwood police arrested her. They found a stolen laptop and crack cocaine. }
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.
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
Postal Service loses $3.2b in first quarter...
78% of
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{ some prior links of current
interest }
