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Scary, almost. Here are some wild stats about the current rally in the S&P 500 in 2013 which brings the gains to 17%+: Of the twenty weeks this year, just four have been negative weeks. The S&P 500 started last week at 1,614, an all-time closing high at the time. And it ended the week at 1,633, the current all-time closing high.
This is notable because at the beginning of the year, the most bullish strategist on Wall Street’s sell-side had a 2013 year-end target of 1,615 (See Citi’s Tobias Levkovich). Since the beginning of the year, most of the strategists have scrambled to explain what went wrong and/or revise their forecasts. Others have [...] Officials have voted to tear down the current building where 20 first-graders and six teachers were shot dead in December
Officials in Newtown, Connecticut have [...] from Mike Mish Shedlock: Spain’s underground economy is reportedly 19% of GDP. Is it? Who knows? Whatever it is, Visa has its eyes on transaction fees while holding a carrot in front of the Spanish government regarding more taxable income. Via Mish-modified translation from Libre Mercado, please consider Visa recommends Spain further limit the use of cash transactions. The black market economic activity is beyond the control of the Treasury, and is one of the [...] Hornell, N.Y. (WETM-TV) - St. James Mercy Hospital (SJMH) announced that it is implementing a workforce reduction amounting to the equivalent of 50 full-time employees. The layoffs will include clinical and non-clinical staff, and include elimination of positions and reduction of hours. “SJMH is continuing to experience significant declines in patient volumes, patient days and revenues as well as reduced state and federal reimbursement, and we cannot continue to support our current operation under [...] by George Dorgan, Testosterone Pit.com: We think that the Italian, other peripheral economies, and also France will follow Japan for a decade or more of balance sheet recession: stagnant wages, falling real estate prices and a reduction of private debt. On one side, we reckon that this might not be so bad because it will help exports and competitiveness, but still it will be a very hard time. On the other side, [...] Time for them to join the current global dick-measuring contests. Strike by even a midget nuke will invite massive response, India warns Pak http://articles.timesofindia.indiatimes.com/2013-04-30/india/38928972_1_pakistan-shyam-saran-india “NEW DELHI: India will retaliate massively even if Pakistan uses tactical nuclear weapons against it. With Pakistan developing “tactical” nuclear warheads, that is, miniaturizing its weapons to be carried on short-range missiles, India will protect its security interests by retaliating to a “smaller” tactical attack in exactly the same [...] The pending Senate immigration bill would bring a minimum of 33 million people into the country during its first decade of operation, according to an analysis by NumbersUSA, a group that wants to slow the current immigration rate. By 2024, the inflow would include an estimated 9.2 million illegal immigrants, plus 2.5 million illegals who arrived as children — dubbed ‘Dreamers’ — plus roughly 3.4 million company-sponsored employees with university degrees, [...] by Phoenix Capital Research
Since 2011, the Fed and other global Central Banks have injected over $2 trillion into the financial system. They’ve also announced plans to continue pumping money ad infinitum. And yet for the period from 2011 until two weeks ago Gold, the inflation hedge of choice for investors, hasn’t done much of anything. Why is this? Part of it has to do with simple sentiment. Gold was overextended in 2011, stretched [...] from KingWorldNews: Today Egon von Greyerz told King World News that within months, as more fires start to burn in the financial system, the world will see a massive and stunning coordinated global rescue package and one of the greatest short squeezes in history. Greyerz also said all of the major countries will participate. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in [...] Jeff Poor On his Friday HBO program, “Real Time” host Bill Maher said what many people on the left have been reluctant to say: that he opposes the Second Amendment guarantee of the right to bear arms. Maher complained his side would not come out and say that, making the argument a “constant center-right debate.” “I’m so sorry, but this is the problem with the gun debate — it is that [...] Chinese Foreign Minister Wang Yi told United Nations Secretary-General Ban Ki-moon that Beijing would “not allow trouble on China’s doorstep.” and “expressed severe concern over the current tensions on the Korea Peninsula”. http://news.xinhuanet.com/english/china/2013-04/06/c_132288307.htm from The Daily Bell: Stagnant Wages and Speculation Triggered the Crisis … There’s been a lot of debate about just what is at the root of the current economic crisis. Some people have called it a banking crisis. Some people have called it a regulatory crisis. Some people are trying to say it’s a debt crisis. Well, there’s another line of thought, which is: the underlying issue is that in fact it’s [...] Mark Guarino Using Facebook on your phone? Soon, the company will make it much easier, but, some say, at a steep cost to your privacy. That’s the tradeoff as the social media giant announces on Thursday that it is launching a branded smartphone that will reportedly operate on software called Facebook Home. Unlike the current Facebook app that allows users to access the site, the new Facebook phone [...] Zero Hedge With every passing day, it becomes clearer and clearer the Cyprus deposit confiscation “news” was the most unsurprising outcome for the nation’s financial system and was known by virtually everyone on the ground days and weeks in advance: first it was disclosed that Russians had been pulling their money, then it was suggested the president himself had made sure some €21 million of his family’s money was parked safely in London, then [...] From SHTFplan: Last year, when the state of Illinois attempted to follow New Jersey by making it difficult and more expensive to acquire ammunition, we warned that new government initiatives would be used to try and circumvent the Second Amendment. Rather than targeting firearms directly, lawmakers and government security officials began looking to ammunition as a sure-fire way to disarm Americans. While it may have been hard to believe then, given the [...] From Washington’s Blog: Eric Zuesse notes that this year’s subsidy to Wall Street – $83 billion – exactly equals the amount of the this year’s sequester cuts. Spiegel reports that ending the failed “war on drugs” would pay for the sequester cuts by itself: Harvard University professor Jeffrey Miron has advocated the legalization of drugs for decades…
Miron: [P]rohibiting drugs is expensive.
SPIEGEL: How expensive?
Miron: If it legalized drugs, the United States could save $85 [...] Citigroup’s trio of Apple analysts have a very negative note for investors this morning.
They say demand for Apple’s two main product categories — the iPhone and the iPad — has “softened.” They cut their estimates for iPhone unit sales this quarter. For the current March quarter, they are estimating 34 million units sold, down from the previous estimate of 35 million units. For the June quarter they are calling for 25 million units sold, which is well [...] Kurt Nimmo The Times of Israel reports that president Obama will tell Israel’s prime minister Netanyahu during a visit next month that a “window of opportunity” for a military strike on Iran will open in June if current diplomatic efforts fail. Israeli TV reported on Monday that the United States will tell Israel to “sit tight” on the sidelines and keep a low profile as it attacks Iran’s nuclear facilities. Obama set [...] From The TSI Trader: I came across some information earlier this evening that appears to be not only interesting, but may also provide a decent clue that gold is not likely to trade much, if any, lower. The following link will take you to the full discussion and I wish all credit to be given this author, Mr. Arensberg and his GGR – Got Gold Report, from which I have shared the chart below. What follows is [...] resourceinvestingnews.com Bloomberg reported that International Energy Agency’s chief economist, Fatih Birol, said the prices of oil are harming Europe, which will need to spend 500 billion euros on oil imports this year, over 200 billion euros more than average. As quoted in the market news: Prices are very high,” he said in a Bloomberg Television interview. The “current level of oil prices is a major impact on the global economy, but [...] In this MUST WATCH video, Jim Rickards discusses ‘currency war games’ and how the in progress currency war between the US/West and China/Russia is likely to be played out. Not surprisingly, GOLD plays a pivotal role in the currency war games. The end of the current fiat monetary system is coming, and a GOLD BACKED CURRENCY will replace the fiat petro-dollar. “Top officers at the International Brotherhood of Teamsters, the AFL-CIO and other large labor groups plan to keep pressing the Obama administration to expand the federal subsidies to these jointly run plans, warning that unionized employers may otherwise drop coverage. A handful of unions say they already have examined whether it makes sense to shift workers off their current plans and onto private coverage subsidized by the government. But dropping [...] From Humble Student of the Markets: I suppose that I should be happy and bullish. U.S. equities staged a significant upside breakout last week, indicating positive price momentum… Mid- and small-cap stocks have staged upside breakouts some time ago to all-time highs, which is a bullish confirmation of the trend… As for the current Earnings Season, Bespoke reports that preliminary indications show that the beat rate is consistent with the historical average… Buy the [...] Groupon has halted all of its gun-related promotions, the company said in a statement. “All scheduled and current gun-related deals featured on Groupon North America, including shooting ranges, conceal-and-carry and clay shooting, have been placed on hiatus while we review internal standards that shape the deal inventory we feature,” Groupon spokesperson Julie Mossler told Daily Finance on Sunday. “The category is under review following recent consumer and merchant feedback.” http://mashable.com/2013/01/22/groupon-gun-related-deals/ An on-again, off-again move by the Obama administration to scrap the federal gas tax in favor of a pay-per-mile fee would boost the tab to Americans as high as 250 percent, raising their current tax of 18.4 cents a gallon to as high as 46 cents, according to a new government study. But without a tax increase, said the Government Accountability Officestudy, the government’s highway fund is going to go dry. One [...] People familiar with closed-door negotiations told The Associated Press a tentative deal was struck over the weekend. The tentative agreement would further restrict New York’s ban on assault weapons, limit the size of magazines to seven bullets, down from the current 10, and enact more stringent background checks for sales. Other elements, pushed by Republicans, would refine a mental health law to make it easier to confine people determined to be [...] Why is there a current epidemic of African on African Violence in the UK? and Why is allowed to happen? Not Trolling. Just wanting dig up the truth re, Illegal Drugs Industry ,Mental illness, Appeasement, Tribalism , Culture of Stabbing Weaponry etc. Many of the young adults involved believe the government are behind the supply of Narcotics and Firearms. http://www.citizensreportuk.org/repo…er-london.html AFP - The body representing Ireland’s leading newspapers was forced to defend the way it enforces copyright law on Friday after revelations that it charges websites that link to its articles. National Newspapers of Ireland (NNI), which represents 16 of the most popular national papers, said it believed “that the display and transmission of links does constitute an infringement of copyright” under current Irish law. http://www.france24.com/en/20130104-irish-newspapers-defence-over-sharing-links |
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