by Phoenix Capital Research
The markets are rallying because today is Tuesday. Stocks have rallied every Tuesday for the last 17 weeks and traders are now conditioned to play for this move. It’s also a POMO day (meaning the Fed is pumping the markets), which adds fuel to the fire for a stock rally.
The market is beyond overstretched. We have not had a 5% correction in six months. Stocks have gone almost [...]
Well this is some bad news for Apple shareholders
Leap Wireless, which runs a pre-paid cellphone brand called Cricket, just warned its own shareholders that, after making a very large bet on iPhones, it’s having a very hard time selling them.
Leap says it could end up with $100 million worth of unsold iPhones – and that it’s on pace to sell has a many iPhones as it committed to selling in a contract [...]
EURO Crisis is OVER – Portugal Deficit On Track, Returns to Markets Tomorrow
EURO CRISIS IS OVER
PORTUGAL, IRELAND RETURN TO FINANCIAL MARKETS, DEFICITS UNDER CONTROL, GREECE DEFICIT BETTER THAN EXPECTED, SPAIN YIELDS DROPPING BIG TIME
ALL EXTERNAL DEFICITS HAVE SURPLUS
Eat that stupid american fearmongers! Euro didn’t brake your financial terrorists have failed ahaha
You couldn’t kill us, we are returning even stronger than before!!
Prepare yourselves Euro will rule, dollar will crash
On October 31st, in the aftermath of Hurricane Sandy, a soon-to-be-reelected President Barack Obama joined New Jersey Governor Chris Christie for a survey of the devastation at the Jersey Shore. In Brigantine, Obama embraced distraught local business owner Donna Vanzant, whose North Point Marina sustained widespread damage during the storm.
Obama promised her “immediate” assistance, and the photo of their hug went viral days before the election. Now that months have [...]
He took the job to become a tech support guru, but what he got in return were nothing but headaches.
A jaded former Best Buy employee crafted a 1,100-word blog post shortly after quitting – and dishing the dirt on the electronics giant.
In a piece posted to the Tape Noise Diary blog on Sunday, user JayCruz writes that he had high hopes after scoring a job with the Geek Squad in 2009 after [...]
RAY DALIO: The US Economy Is Facing A Rare Set Of Circumstances That Will Be Bad For Markets
A fading economy and a Fed that’s out of bullets.
At the Dealbook conference, Ray Dalio, Steve Schwarzman and David Rubinstein just wrapped up a panel on investing and markets.
Of particular interest was Ray Dalio, the hedge fund god who has been killing it throughout the crisis.
And so you have to be intrigued that he’s bearish.
He’s not [...]
And then there’s the SP500.
“The SP500 finished marginally up this week, but this chart doesn’t tell the whole story. The MACD is clearly pointed down – bearish for several weeks to come – as we said last week. We are in the starting gates of primary wave 3 and we should see downside momentum accelerate next week.”
I don’t think the markets are going to wait until after Tuesday – they’ve [...]
Anti-Virus’ Giants including Avira & ESET hacked, database leaked by #NullCrew
Null Crew who have been taken down some major servers these days, have now released data from an attack on some big time cyber giants.
Among the hacked servers, some major big fishes of cyber security are included, for example Norman SandBox, Avira, Eset, Bitdefender, CyberDefender, GFI SandBox, Kaspersky Lab, NoVirusThanks, Panda Autovin and Symantec etc.
Home Sales Tax becomes effective Jan. 1, 2013
The National Association of Realtors is not pleased with this new tax and hopes this information is forwarded to every voter prior to the election in November.
It doesn’t matter which side of the political fence you sit on – it will affect ALL of us.
When does your home become part of your health care? After 2012! Your vote counts big time in 2012, [...]
The openning hasn’t even took place and they already screwed up big time.
In one of the more bizarre moves in Olympic history, the North Korean women’s soccer team took the field 40 minutes late Wednesday night in Glasgow due to what officials are calling “an issue behind the scenes.”
Olympics officials said that the North Koreans objected to the placement of the South Korean flag on the stadium’s scoreboard before [...]
Top money & politics researchers discover that the public watchdog is quietly deleting information on fat cat funders.
July 16, 2012 | The Federal Election Commission has long been the “go to” source for tracking political money. So when it starts cleansing politically hot contributions from its files, it matters. Big time.
We have discovered that sometime after January of this year, the FEC deleted a whole set of contributions totaling millions [...]
Times are finally changing. It will never be at the speed the GATA camp expects, yet slowly but surely our time is coming. The GATA camp will be proven correct and it will evolve into one of the most grotesque scandals in history … dwarfing the Enron, Madoff, MF Global and Barclays scandals combined, in terms of its effects on financial markets around the world.
First of all, it has come [...]
This Is What Happens When A Mega Bank Is Caught Red-Handed - JP Morgan at it again. Note: here is the definition of VaR from Investopedia: ‘Value at Risk – VaR‘ - A technique used to estimate the probability of portfolio losses based on the statistical analysis of historical price trends and volatilities.
If I understand the above-linked article correctly, JPM was understating it’s risk, big time, and could only report a two [...]
By Irwin Kellner, MarketWatch
PORT WASHINGTON, N.Y. (MarketWatch) — The fiscal cliff may be six months away, but it is already affecting the United States economy.
As I warned at the beginning of last month ( see column ), unless current law is changed, taxes will rise and spending will fall big time, come year-end.
Taxes are set to jump by $500 billion, while federal spending is set to decline by more [...]
We now have a Bullish Extreme in the USD. Over the last 5 years, Bullish extremes have been very good indicators that a top was within a hand’s reach.
Chart courtesy sentimentrader.com
On top of the Bullish extreme in the USD, we also have a Bearish Extreme in Gold sentiment. Bearish extremes have been good indicators that a bottom was near.
Chart courtesy sentimentrader.com
Silver Sentiment is also very depressed at the moment, with [...]
Despite what you may have heard from the mainstream media, Mitt Romney does not have the Republican nomination locked up. In fact, he is rapidly losing delegates that almost everyone assumed that he already had in the bag. To understand why this is happening, you have to understand the delegate selection process. Each state has different rules for selecting delegates to the Republican national convention, and in many states [...]
It is a shame how corrupt the American Main Stream Press really is and how they refuse to tell the truth about how the government manipulates even the economic statistics. I have stated before, when we were first looking to open up offices outside the USA, I had lunch with a client who was the head of a major Swiss bank in Geneva. The names we were going to [...]
Published on Apr 19, 2012 by RussiaToday
Follow Max Keiser on Twitter: http://twitter.com/maxkeiser
In this episode, Max Keiser and co-host, Stacy Herbert discuss huddles and cuddles with the Goombahs of Wall Street and the technical violations that cannot be called by name. In the second half of the show Max talks to Rolling Stone journalist, Matt Taibbi, about the Wall Street mafia, their small and big time rackets and the process of writing these [...]
Nobody wants much to think about it yet, but it’s well understood by everyone in Washington and on Wall Street, that a potentially massive fiscal problem is looming for the economy next year.
The issue is divided into three parts:
Sometime in late 2012 or early 2013, Congress will have to approve another debt ceiling hike.
At the same time, all of the Bush tax cuts are set to expire — not [...]
by Alex Cocotas
2011 looks like it was the year that online video hit the big time, according to newly released data fromcomScore. Average daily uniques rose 43 percent, videos viewed were up 45 percent, and videos per viewer jumped 37 percent.
Unsurprisingly, YouTube accounts for a little over 50 percent of all videos streamed in the U.S. This doesn’t fully capture that consumers are increasingly streaming bigger files too, like movies on Netflix, shows on Hulu, and even [...]
Earlier, You Heard It from Jeff Gundlach, whom one can not accuse (at least not yet) of sleeping on his laurels and/or being a broken watch, who told his listeners to “reduce risk right now” especially in the frenzied momo stocks. Now, it is David Rosenberg’s turn who tries to refute the presiding transitory dogma that ‘things are ok” and that a Greek default will be contained (no, it won’t be, and if [...]
LOL, you can’t even make this stuff up. Yet another example of reality being more bizarre than fiction.
“ Freddie Mac, a taxpayer-owned mortgage company, is supposed to make homeownership easier. One thing that makes owning a home more affordable is getting a cheaper mortgage.
But Freddie Mac has invested billions of dollars betting that U.S. homeowners won’t be able to refinance their mortgages at today’s lower rates, according to an investigation by [...]
Cash-strapped governments embrace gambling after years of worry about cost to society
NEW YORK — A Malaysian company’s plan to build a $4 billion convention center and big-time casino on the outskirts of New York City could be the biggest shot fired yet in a tourism arms race that has seen a growing number of Eastern states embrace gambling as a way to lure visitors and drum up revenue.
New York Gov. Andrew [...]
But while the Brussels gurus pushed Athens into a corner with mistaken policies, London, thanks to the Bank of England, was able to adopt its own cost-cutting budget and persuade the markets and investors than the country, despite its huge, multi-trillion-pound debts, is on track.
Greece is cash poor but asset rich.
But have the gnomes in Brussels taken this into account? No. They have driven Greece into recession and prompted Greek [...]
From Sovereign Man:
Yesterday, we discussed certain events that, in my view, are nearly mathematical certainties. Things like a restructuring of public pensions and Social Security in Europe and the U.S. Western governments blocking Internet and mobile networks. War. The U.S. government being forced to issue debt in a foreign currency.
All of these events are underpinned by a simple premise:
1) Public and private debts included, most western nations are insolvent. Big [...]
January 1, 2012
It looks like SOPA has finally made it to the big time. Ron Paul — one of the many Republican contenders in the 2012 presidential election — blasted the proposed legislation during a talk on the campaign trail. It’s not clear if he fully understands the details of the bill based on his comments that it will “take over the internet” and “monitor everything we do,” but it’s more [...]
In his latest note, famously bearish SocGen analyst Dylan Grice goes there. Big time.
The subject of the note is Weimar, hyperinflation, and all that money printing that anyone talks about.
But it’s not what you’d expect. He’s not saying Germany printed money, and that caused Weimar hyperinflation.
He says Germany waited too long to print money, and that caused a massive economic crisis, and that led to the Nazis.
This chart is a real punch in the [...]
Of the record 41,000 people sleeping in NYC shelters every night — 17,000 of them are children. A 10% increase since May 2011.
Image: Coalition for the Homeless
Source: Coalition for the Homeless
When Mayor Bloomberg eliminated all programs to help homeless families move from shelters to permanent housing the number of families in shelters rose 5%
Image: Coalition for the Homeless
Source: Coalition for the Homeless
The Mayor’s new policy on sheltering the homeless refuses entrance to those people with [...]
This is a rush transcript from “On the Record,” September 26, 2011. This copy may not be in its final form and may be updated.
GRETA VAN SUSTEREN, FOX NEWS HOST: “The Rodney Dangerfield of Republican politics,” not getting any respect from Republican Party establishment? Well, that’s what Mr. Herman Cain has called himself. But his view must have changed this view and a lot of other people when the [...]