The ‘most hated’ rally as mainstream media types prefer to call this manufactured ‘market’ is flashing red warning symbols under the surface wherever one looks (from complacency to earnings and macro) but, for now, none of that matters. All too often valuations for nominal equity prices are justified by data that is just as supported by fiat largesse as the flow-driven headline-making indices themselves. However, as Diapason Commodities’ Sean Corrigan [...]
From The Passive Income Earner:
I have a brand new stock in my value screening this month! It’s a relatively new dividend-paying company, an innovative and a trend-setting company. It’s also massive and was the largest company in the world until the company failed to impress investors. Guess it yet? Yes, I am tracking Apple and it’s on the list of value stock at the moment.
Top 20 Dividend Stocks – Technical [...]
Here’s a look at protests and events across the world on Friday connected to an amateurish anti-Muslim film produced in the United States and vulgar caricatures of the Prophet Muhammad published in a French satirical weekly. More than 50 people have been killed in violence linked to the protests over the film, which has also renewed debate over freedom of expression in the U.S. and in Europe.
…If you just took a quick glance at the front of the iPhone 5 you might think it was an iPhone 4.
Perhaps anticipating these sorts of critiques, Apple’s lead designer Jony Ive said in the iPhone 5 promotional video:
“When you think about your iPhone, it’s probably the object that you use most in your life. It’s the product that you have with you all the time. With this unique relationship people [...]
At least 1,961 U.S. service personnel have been killed in Afghanistan over the course of the 11-year war. Casualties rose steadily each year before reaching a peak in 2010 when 492 personnel were killed. There has been a slight decrease in casualties since then, with 398 killed in 2011, and at least 219 so far this year. Even with the downward trend in deaths, however, one U.S. soldier has been [...]
ADP got the headline job number correct, I certainly didn’t. However, one look beneath the surface shows this was actually an anemic jobs report.
Unemployment was up, and the household survey shows a loss of 195,000 jobs. The household numbers are even worse because part-time employment went up.
Jobs Report at a Glance
Here is an overview of today’s release.
US Payrolls +163,000 – Establishment Survey
US Employment -195,000 – Household Survey
US Unemployment Rate +.01 [...]
As we approach ‘peak earnings reporting’ in the next two weeks, a quick glance at the state of the 65 companies of the S&P 500 that have reported so far may be useful. In yet another miracle of modern-day accounting, and just when you thought there was no more fat to cut, staff to lay-off, or Capex to cut, 73% of companies reporting have surprised positively on EPS while 65% have [...]
There are those who say gold may go to $10,000 or to $0, or somewhere in between; in a different universe, they would be the people furiously staring at the trees. For a quick look at the forest, we suggest readers have a glance at the chart below. It shows that just in the first five months of 2012 alone, China has imported more gold, a total of 315 tons, than [...]
AT A GLANCE: European Banks’ Disclosure On LTRO Participation | 4-Traders
*Intesa Sanpaolo SpA (>> Intesa Sanpaolo SpA) took EUR24 billion, its CEO said.
*UBI Banca SpA (>> UBI Banca Scpa) took up about EUR6 billion, a person familiar with the matter said.
so, we’re looking at 30B of the 75B total going to 2 banks, possibly? and other banks notreporting due to bloodyStigmata? this was designed by mario4mario so this li’l can is kicked for 3 whole years! what “can” happen next is [...]
‘The current rally is running long; equities are due for a 3-5% pull-back’ is how Deutsche Bank begins to give some context to the scale of the performance of stocks over the last four months. Whether it be liquidity-fueled optimism, optically-pleasing macro data, crisis-fatigue, or just good old-fashioned back-up-the-truck-we’re-all-in buying since the last 10% correction in November, the S&P 500 has rallied 22% – essentially unimpeded for 80 days without [...]
From Peter Tchir of TF Market Advisors
Volcker Rule – Not Worth Reacting To
The Final Draft of the Volcker Rule was published for comment at the end of September. Even skipping our traditional rant about government bureaucracy, it is a document over 200 pages long, in which the word “exemption” occurs on no less than 100 pages (it is used 426 times in total). At a quick [...]
I REALLY like Adam Ozimek’s blogging, but sometimes he writes things that I don’t really understand. The other day, he wrote a post titled “Higher wages aren’t free“. The post rebuts people who argue that “employers in some industry should raise wages”:
You can see this in the common refrain that workers would be better off if we had a vastly more unionized economy. Maybe workers would be better off, meaning [...]
Long-Term Investing Perspective: Five Charts (March 19, 2011)
These five charts suggest a long-term investing perspective.Every picture tells a story, and so does every chart. Some readers press on to the next blog as soon as they see a chart here, while others patiently wade through the wordy ravings in hopes that the next entry will bring the refreshing clarity of some charts.
I earnestly recommend that even the chart-phobic [...]
Another quite odd data point about the US Economy: while US wholesale inventories came at 1.1% on expectations of 0.9%, (a drop from the revised 1.3%), wholesale sales increased by 3.4% on expectations of 0.5%, (and the previous revised from 0.4% to 1.1%). A headline glance would indicate a trend of improvement, as the Inventory/Sales ratio dropped to an all time low 1.13. Yet [...]
A quick glance at the tally today, shows that something very scary is going on. In the subsequent three days, the number has surged by 50% and has hit 3,407,000 ounces of silver! In just the first 12 days of the month we have already surpassed the total monthly sales of 9 separate months of 2010.
And some additional observations on what is becoming a physical buying frenzy from CoinNews.net:
G-20 is showcase for socialist countries touting their wares…and we’re going right along…pls note the following tax increases for 2011–even the the “little guy” gets dinged…this is current law folks and tax rates for 2011 if congress does nothing….
Comparison of the 2010 Individual Income Tax Rates and the Rates for 2011 (if Congress Does Not Act to Extend the Current Rates)
The following tables provide a Ã¢â‚¬Å“quick glanceÃ¢â‚¬Â of the individual [...]