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  • QuickChat#244, September 17, 2012 210 comments
    Sep 17, 2012 9:46 AM

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Comments (210)
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  • Mercy Jimenez
    , contributor
    Comments (1822) | Send Message
     
    TB -- love that Unicorn! Is it symbolic of the market's flight up with QEi?
    17 Sep 2012, 09:50 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    interesting picture. the light grabs the attention, the flying unicorn is elegant, and then I notice the light seems to be at the end of spear through the unicorn.

     

    the dazzle almost distracts from the destruction... which seems to fit our economic times

     

    like it a lot TB
    17 Sep 2012, 09:52 AM Reply Like
  • jhooper
    , contributor
    Comments (5211) | Send Message
     
    And is the shaft propelling the unicorn up, or are the wings of the unicorn carrying the shaft up?
    17 Sep 2012, 10:04 AM Reply Like
  • AlbertinBermuda
    , contributor
    Comments (690) | Send Message
     
    Contrarian view.

     

    Has the unicorn just been shafted from above?
    17 Sep 2012, 06:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    I think it's starlight, not a shaft, descending and is lighting the landscape for a positive event ahead for the unicorn.

     

    HardToLove
    17 Sep 2012, 10:11 AM Reply Like
  • SMaturin
    , contributor
    Comments (1986) | Send Message
     
    The unicorn has escaped from the merry-go-round to soar.
    17 Sep 2012, 10:20 AM Reply Like
  • tripleblack
    , contributor
    Comments (13386) | Send Message
     
    You win the brass ring, SM. It is indeed a surreal sort of carousel horse.

     

    I have done few unicorns, but I have always rendered them as if they were "real". In this case, the horse (which is of course a mammal, not a bird) has batlike wings covered with skin and the same fine hair a horse grows in its coat.

     

    I do the same thing with faries, who I portray as rather mean little batlike critters rather than sweet things with butterfly wings.
    17 Sep 2012, 02:39 PM Reply Like
  • SMaturin
    , contributor
    Comments (1986) | Send Message
     
    Yes, I noticed the bat wings and thought them unusual. Pegasus is usually depicted with feathered wings, looking more angelic than sinister. And unicorns can only be found by virgins. What would the virgin utter upon waking to such a vision of a beast armed with spiked horn and wings of a bat?
    17 Sep 2012, 05:15 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1822) | Send Message
     
    In keeping with my search for quality players with growing cash flows shared through dividends -- I started a position today in TSM @$15.18. I really like the fact that it has refused to take on customer concentration risk with Apple and Qualcomm in its delivery of smartphone chips: http://bloom.bg/PA54nf

     

    Its growing cash flows and 3.3% dividend helped in meeting my screening criteria http://bit.ly/Oxf7bQ Last month's sales grew 32% YOY: http://reut.rs/QjMK5r
    17 Sep 2012, 12:00 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    (CPST): Being removed from an index.

     

    http://bit.ly/OAeEvn

     

    Be sure and read this one too.

     

    http://bit.ly/RjqRzG

     

    HardToLove
    17 Sep 2012, 12:14 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    Thanks HT... I decided to bail.
    17 Sep 2012, 01:05 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10660) | Send Message
     
    FPA: Greetings. I'm glad you're feeling better. I'm holding mine.
    17 Sep 2012, 01:31 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2083) | Send Message
     
    Am I the only one who thinks that the anti-Japanese noise in China has a very manufactured feel? The disputed ownership of a small island on no known importance seems like a perfect incident to use as a "provocation".

     

    Given the government change coming in China and the looming economic problems, it could be that the Party high-ups need a distraction. It could also be straightforward economic or political pressure on the Japanese.
    For what ends? Anyone?
    17 Sep 2012, 12:16 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    Me too Silicon.
    17 Sep 2012, 12:52 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10660) | Send Message
     
    siliconhillbilly: greetings. It was reported on the breakfast club that there may be large reserves of natural gas in the area. "China protests rattle Japan. Japan-related stocks fall sharply in both Shanghai and Hong Kong, as anti-Japanese protests erupted in China over the weekend amid a territorial dispute that threatens to hurt trade ties between Asia's two largest economies. Toyota (TM) and Honda (HMC) said arsonists had badly damaged their stores in the eastern port city of Qingdao, and Canon (CAJ) and Panasonic (PC) plan to halt some of their China-based production due to safety concerns. The two countries have long disputed over a group of uninhabited islands in the East China Sea which contains potentially large natural gas reserves." http://nyti.ms/PAfx1Y
    17 Sep 2012, 12:57 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2083) | Send Message
     
    Thanks for the reply, Robert.

     

    Is there any real info on the Nat Gas idea or is it in the "rumor category"? If someone drilled a test well, that would be interesting!
    17 Sep 2012, 05:35 PM Reply Like
  • ungawah
    , contributor
    Comments (887) | Send Message
     
    With political transition upcoming, it could be that the politicians are wanting to look tough in order to impress the very powerful military leadership.
    18 Sep 2012, 08:27 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    What I've been discussing lately, and how it's doing today:
    VNR
    28.56 +0.53 +1.89%
    FLY
    13.40 +0.31 +2.40%
    GLUU
    5.13 +0.16 +3.22%
    ISVLF
    1.69 +0.09 +5.63%
    17 Sep 2012, 01:10 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2083) | Send Message
     
    OG: I picked up a small position in VNR a few months ago using some funds from sales of a lower dividend yield energy-gas pipeline stock. Wish I had bought more about now. But the price does fluctuate a bit.
    17 Sep 2012, 05:40 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10660) | Send Message
     
    The House is moving to impede the revolving door! http://bit.ly/RjS8Sv There is hope! Could this be some real change coming?
    17 Sep 2012, 01:33 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    Referred to committee, where all good bills go to die.

     

    HardToLove
    17 Sep 2012, 01:52 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >robert.b.ferguson ... It is probably just an election cookie crumb for the folks back home. If passed, it would virtually nothing of substance. The good thing is that someone somewhere feels the need to placate the voters with something at all.
    17 Sep 2012, 02:03 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10660) | Send Message
     
    DRich: Greetings. It won't make it out of committee until well after the election if it ever does so the presumption of it being an election ploy is demonstrably a false premise. Anything that puts a monetary penalty on CONgress critters becoming special interest lobbyists makes it less lucrative and thus less attractive is a step in the right direction. Are you saying that nothing that can be or is being done can or does have substance?
    17 Sep 2012, 02:25 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >robert.b.ferguson ... [quote] Are you saying that nothing that can be or is being done can or does have substance? [quote] No, I'm not saying that at all. I view it as an election ploy because of when it was submitted with full knowledge nothing can or will be done about it this session. It is a bill designed to allow the sponsor(s) to stand up and say they did something ... when they know they did nothing useful. Standard fare. The hopeful part is that this Congresscritter felt the pressure to make the effort.

     

    Now I haven't read the Bill but I will. I would only think it really useful only if it made the double dip go away permanently by voiding federal benefits altogether. I wouldn't hold out much hope the rest of the committee and certainly the chamber feeling the same way. Else, it's a great start from the grassroots. Now the sentiment needs to spread.
    17 Sep 2012, 02:44 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10660) | Send Message
     
    It won't get any national recognition and likely no local recognition either until it makes it to the floor if it ever does. I hope it passes the House before March but I doubt it. Still unless you're really looking for this stuff you will never see it.
    17 Sep 2012, 03:28 PM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    " I would only think it really useful only if it made the double dip go away permanently by voiding federal benefits altogether. I wouldn't hold out much hope the rest of the committee and certainly the chamber feeling the same way. Else, it's a great start from the grassroots."

     

    Voiding federal benefits altogether would include SS, medicare and would be too draconian IMO. But, the scope of post-Congress employment needs to be far more broad than what has been described here. It would be good to keep in mind that Tom Daschle reportedly claimed he did no lobbying on healthcare legislation,was not a lobbyist, and limited his activities to advising and counseling lobbyists who worked for the same firm that paid his salary and benefits.
    17 Sep 2012, 03:54 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >D-inv ... Congress, being federal employees, is not included in either the Social Security system or the Medicare/Medicaid system.
    17 Sep 2012, 03:59 PM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    "Congress, being federal employees, is not included in either the Social Security system or the Medicare/Medicaid system."

     

    Reagan's reform of the federal pension system changed that. All federal employees, including MOC, have paid medicare taxes since 1981. Employees first hired, or elected, post-1980 (might be a few months into calender year 1981) also pay social security taxes as the revised pension system was patterned on corporate pension systems that "piggy back" small pensions on top of SS and encourage employees to save for retirement by matching 401k contributions up to something like five or six percent of salary. MOC & congressional staff pensions are more robust than those 'standard issue' gov't employees.
    17 Sep 2012, 10:16 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    D-inv ... OK, my bad. My father retired from the DOJ in 1989 and wasn't covered and my brother that retired from the civilian Air Force in 2008 & US Army Reserve in 2003 isn't covered. My sister-in-law that works for the Veterans Administration told me she is covered by Social Security. Confusing, but I'm wrong. Sorry.
    17 Sep 2012, 10:27 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    I retired in 2002 and was covered because of a break in my career that forced me into the new federal employee retirement system (FERS) and out of the civil service retirement system (CSRS). Without the break in service I would not have been covered by SS or Medicare unless I had covered work outside of the government for at least 40 quarters. Had I remained employed with the government, without the break, I would have receive double the pension I do today plus additional credit for the additional years of service. Since 1980-81, all new employees were automatically placed under the new FERS retirements system. I left in 1985 and returned in 1987, but was denied the chance to continue under CSRS, costing me a bundle in retirement (one more reason I retired early).
    18 Sep 2012, 04:19 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    I see another amphibious assault force heading for the gulf. That will make three fleet carriers and 2 assault forces. That quite a few chess pieces on that side of the board.

     

    I picked up some more oil today on the dip.
    17 Sep 2012, 03:52 PM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    " It won't get any national recognition and likely no local recognition either until it makes it to the floor if it ever does."

     

    I would be greatly surprised if the bill's sponsors did not hold a press conference announcing submission of the bill with copies of a PR sent to papers and broadcast stations serving the districts the represent.
    17 Sep 2012, 03:59 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    odd somewhat incomplete article about algorithmic trading... does have some interesting charts from the moments during the Fed announcement last week... http://bit.ly/Rl5iyu
    17 Sep 2012, 05:34 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Found this article interesting !!

     

    http://huff.to/U6hQQz

     

    map
    17 Sep 2012, 09:06 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >MAP & everyone ... If this is actually true (I tend to think so just because the notional value of derivative liability is somewhere in the neighborhood of $348T+), then all the debt we are feeding into our banks and the sovereigns creating debt to pay interest on debt in the EU and the world are being scammed. This article point out to me why we "need" QE & all those letter games. It just needs to stop. I just keep wondering why we, the 99%, need to keep feeding these hogs. There are worse things than starting over.

     

    http://bit.ly/PMuBgx
    17 Sep 2012, 09:44 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    DRICH

     

    That is why my commodities are ALL physical. Once the musical chair games stop it will be those holding the coins that will be happy.

     

    See,, I can be resourceful !
    map
    17 Sep 2012, 10:37 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    The question Romney should be asking voters in Ohio to ask the Prez is: "Since this has been going on since before BO was elected, why did he wait until just before the election to file a complaint?" and he should follow that with: "Don't expect a straight answer. The question I have for you is: Based on this timing waiting three years for another election, do you really think the Prez cares about America or is he more concerned with just getting re-elected?"
    18 Sep 2012, 04:27 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    K202

     

    Point well taken, felt the same way...Re elected is all he cares about right now...But Mitt is burying himself. Hell all BO has to do is just let Mitt talk. Friggin idiot !

     

    But it really doesn't matter who is in office., Our problems are over the POTUS head imho.

     

    map
    18 Sep 2012, 07:24 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    The way I see it, BO has only proven that he hasn't got a clue on how to fix the economy. Romney may not be able to work any magic, but then again, he may be willing make some tough decisions and get the ship starting to turn. If not, we just keep sailing toward the waterfall, but maybe the oarsmen will start to row against the current instead of with it for a change. The best outcome may be that we buy enough time to get the ship headed toward shore, but I'd prefer to disembark before going over the edge.
    18 Sep 2012, 09:25 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    K202

     

    Have you heard anything from Mitt that makes you feel comfortaable he knows how to even PADDLE. Every day i wait to hear what he is going to do !! But then again it will change the next day.

     

    I must admit i would rather have the devil i know then the devil i don't. He has time to win me over, and i hope he does. Because i will be crying pulling that lever for BO.

     

    OH, BY THE WAY in NY we don't even have levers anymore. Now we fill out a ballot and it gets sucked into a machine...

     

    map
    19 Sep 2012, 08:18 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    I prefer the idea of having someone who has taken part in the business community as president over any lawyer, anytime. We have relied primarily on lawyers to lead us to the abyss. We did have one actor, I guess. But I just don't think lawyers understand the economy, especially if they haven't held a corporate position and been responsible for growing a business. At least Mitt did make improvements in the Olympics and that organization is self sustainable now. It was a mess when he took over. Mass. seemed like it was a mess when he became governor and it seems to have fared well during and after his term. Improvements are what I'm looking for, not more of the same.
    19 Sep 2012, 10:22 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Point well taken..
    19 Sep 2012, 11:23 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    I don't think we can afford to have Barack Obama continue to be Commander In Chief. Our foreign policy will sink us before the economy will.
    19 Sep 2012, 11:27 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    OG

     

    That i totally agree on. HE'S been late to the party too many times for my liking!!

     

    map
    19 Sep 2012, 11:51 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    So, hold your nose and vote for Romney--
    Remember Henny Youngman?
    "Dr., Dr., it hurts when I do that".
    "So, don't do that."
    20 Sep 2012, 12:02 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    OG

     

    Your showing your age with that one, i am showing mine knowing it...lol.

     

    Mitt is running down driveway yelling is it too late for the garbage? Guy yells "no jump in " ( DUCKING )

     

    map
    20 Sep 2012, 12:09 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    Listen for the last joke, MAP. http://http://bit.ly/P...
    20 Sep 2012, 12:46 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    bad link. Trying again:
    http://bit.ly/PC5fAb
    20 Sep 2012, 12:48 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    OG

     

    Yeah, i did a little editing ..Seems everyone is doing some of that THESE DAYS !!!

     

    map
    20 Sep 2012, 03:22 AM Reply Like
  • jhooper
    , contributor
    Comments (5211) | Send Message
     
    Not to mention Supreme Court apps.

     

    For a lawyer, their inventory is laws. The more laws that are made, the more they have to sell. Maybe it is a conflict of interest to allow lawyers to serve in public office?
    20 Sep 2012, 06:09 AM Reply Like
  • Interesting Times
    , contributor
    Comments (9672) | Send Message
     
    K202

     

    Aren't you concerned with all the flipping of positions that Mitt is doing, ie Abortion?
    3 Oct 2012, 10:30 PM Reply Like
  • jakurtz
    , contributor
    Comments (1887) | Send Message
     
    Reagen did it too. Obama just did it with gay marriage. He has explained it pretty thoroughly many times and people would know it if anyone reported on it honestly. He ran for governor saying he would not change any laws essentially being neutral on the issue, when a law expanding the rights of abortion and using stem-cells for research he vetoed the law because he was personally against it but he kept his promise he wouldn't change existing legislation. My personal views on abortion and a number of other things have changed throughout my life, I suspect millions of people's views have changed in the course of their lives.

     

    It is the principals and big picture ideas that matter. Encourage business, investment, free-market help the poor through greater opportunity not handouts etc. etc. He has demonstrated he is a capable smart guy who understands what is going on in the economy and business as well as a good man and very generous in his personal life. Does he make a good politician? No. I would think that should be a plus in his favor.
    4 Oct 2012, 11:32 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    Jhoop- I've thought that for a long time. Most laws don't need to be hundreds of pages; 5-10 would be more than sufficient. But laws are complex in order to force everyone to use more lawyers. Just my opinion.
    4 Oct 2012, 02:08 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    Interesting Times - Read response from Jakurtz. I can't say it any better.
    4 Oct 2012, 02:09 PM Reply Like
  • jhooper
    , contributor
    Comments (5211) | Send Message
     
    One of the tests of whether you have a bad gov or not, is if you have to be a bad parent in order to be an informed voter. It would take all of your time to assess just to figure out what you should get informed about. Gov should be like a refrigerator. It has one job to do, and when it does it well, you never have to think about, much less wondering if you will have to risk your life one day fending it off.
    4 Oct 2012, 02:26 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Guessing someone will have better ag idea, but Kuppy's latest post makes a case for TITN, an ag equipment play. http://bit.ly/PMuMs8
    17 Sep 2012, 09:45 PM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    Looking at 1yr & 5yr price charts, it appears to me that TITN is a perennial seasonal play. I don't see the "drought" effect, per se, reference in the article.
    17 Sep 2012, 10:36 PM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    Underfunded Pensions will have to be dealt with some day:http://bloom.bg/Rm13s8
    18 Sep 2012, 05:56 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    "As United States Secretary of Energy, Dr. Steven Chu is charged with helping implement President Obama's ambitious agenda to invest in clean energy, reduce our dependence on foreign oil, address the global climate crisis, and create millions of new jobs." -http://www.energy.gov
    and the reality of it all:
    "Crutchfield called it "a difficult day," but said the shutdowns and layoffs are a necessary part of ensuring Alpha survives in what has become a difficult U.S. market, where coal companies face a dual challenge: Power plants are shifting to cheap, abundant natural gas, while companies like his face "a regulatory environment that's aggressively aimed at constraining the use of coal."
    http://abcn.ws/Sx2YVy
    18 Sep 2012, 08:22 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    If anyone's in Nevada, there should be some good gold at cheap prices for sale shortly http://cbsloc.al/Ujis3V
    18 Sep 2012, 08:23 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    FedEx says economy is worsening, cuts outlook. From: AP.

     

    FedEx says global economy is worsening, cuts outlook for full year by about 10 percent. http://tinyurl.com/8cy...
    18 Sep 2012, 08:52 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1822) | Send Message
     
    Just read a comment by AllStreets that is worth repreating. The music is still playing and there are individual opportunities worth playing. FYI:

     

    "Pay little attention to QEx's; follow the market technicals and consider individual stocks and sectors in terms of their fundamentals ...

     

    An interesting point on which I stumbled yesterday is the status of the long term money flow index for the S&P 500 Index. I was rather astounded to see that the index fluctuated narrowly around zero for many years leading up to a negative $1 trillion reading at the 666 bottom in early 2009, and has since zoomed to +2 trillion. So there has been a net inflow of $3 trillion since the bottom in 2009. So much for the theory that investors have been pulling money out of the market during the bull run."

     

    http://bit.ly/OavelE

     

    Also related:

     

    9:04 AM July Treasury International Capital: Net foreign purchases of long-term U.S. securities were $73.7B, with net purchases by private foreign investors of $59.0B and net purchases by foreign official institutions at $14.7B. Taking into account both foreign and U.S. securities, the net foreign purchases of long-term securities were $67.0B. Foreigners trimmed their holdings of U.S. T-bills by $12.5B.
    18 Sep 2012, 09:29 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Mercy

     

    Your numbers are probably correct for that time peroid but i have been reading articles that state for the last 2 months EVERY week the markets are having Billions of dollars of outflows . It will be interesting to see when they get included !!

     

    It was actually articles in the newspapers come to think of it, so i don't have a link to list it. Sorry

     

    map
    18 Sep 2012, 01:28 PM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1822) | Send Message
     
    MAP, the commenter above did not have a link to his numbers -- but here are the latest related numbers published a couple of hours ago from Bloomberg. "Net buying of long-term equities, notes and bonds totaled $67 billion during the month, up from net purchases of $9.3 billion in June ..."
    http://bloom.bg/S2Rpup
    18 Sep 2012, 02:02 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    MERCY

     

    Thanks,,,,appreciate it !!

     

    map
    18 Sep 2012, 02:11 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    if you invest in precious metals or precious metals miners, this is a must watch presentation by Pierre Lassonde at the Gold Forum http://bit.ly/Po5u1V

     

    p.s. the dot on the bottom right controls the volume
    18 Sep 2012, 12:36 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Jon

     

    Mike Maloney is in the same camp...Posted the same info just in different formats..

     

    map
    18 Sep 2012, 01:11 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    http://aol.it/OBuLTD

     

    Damn, they found my mentor !!!

     

    map
    18 Sep 2012, 01:36 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Stifel Nicolaus Downgrades Prospect Capital Corporation (PSEC) to Sell
    8:59 AM ET, 09/18/2012 - Street Insider

     

    Stifel Nicolaus downgraded Prospect Capital Corporation (NASDAQ: PSEC) from Hold to Sel

     

    Could this be why Psec is dropping a ton today??

     

    map
    18 Sep 2012, 03:22 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    A once in a lifetime chart event! Interesting view, but I'm sorry I haven't been able to confirm validity since I can't find monthly charts.

     

    http://bit.ly/UaD9R4
    18 Sep 2012, 09:30 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Report in WSJ, "Mortgage lending declined to its lowest level in 16 years in 2011" http://on.wsj.com/PSpewy

     

    Probably more important than employment numbers in the Fed's thinking.
    19 Sep 2012, 06:54 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Bizarre embedded video on Bloomberg interviewing Toll Brothers. Two of Bloomberg's talking heads take pound the idea that the costs & benefits of home ownership are not worth it. http://bloom.bg/OcgkLr
    19 Sep 2012, 09:07 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Anyone feel remotely how they did in 2008?

     

    I had been short the market on and off for years. Then September 2008 came and there was a wave of interventionist government action that made me flinch away from my short positions as the markets popped. Then, along came October 2008.
    19 Sep 2012, 07:03 AM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    I do not feel at all like 2008. Too much global coordination. We may not like it, but CB's will recapitalize global banks just like the USA.
    Changing demographics are playing such a part of changing the normal numbers that it is demonizing to us. The norm has changed probably for out life and it will take years to adjust to the new norms.

     

    The EZ has a long way to go, think the USA 4 years ago. But, they are slowly getting there and using us as a blueprint.
    There will be a correction at some point that will seem pretty nasty. If the HFT's crash the mkt, they will be history. IMO, that is one reason we havn't had one already. Their life is on the line and the global CB's have their bluff in for now.

     

    I still believe in a strong cash position, maybe combined with trading blocks and long term holds going into the election. I expect a reaction to that outcome, however it is.
    I should add that one more boost to come is refinancing of current homeowners to the low rates. This will add another boost unexpectedly. Look for some of that in '13.
    19 Sep 2012, 07:15 AM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    Jon, let me add that the one confirmation to my response is the strength in banks...both regional and TBTF.
    19 Sep 2012, 08:03 AM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    We didn't get the correction this summer like most of us thought, and the mkt. usually rallies into the spring (sell in May theory). This article makes me a bit skeptical this year, maybe we rallied in the summer and have a rare sell off in the Dec-May strong mkt. re: the usual 2013 worries this year. Sorta starts in Nov. elections and extends to the fiscal cliff in Jan. Maybe "too many" bulls now?

     

    http://on.mktw.net/PGMfir
    19 Sep 2012, 08:12 AM Reply Like
  • jhooper
    , contributor
    Comments (5211) | Send Message
     
    The last few comments were recent updates.

     

    http://seekingalpha.co...
    19 Sep 2012, 08:19 AM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    Has anyone noticed that for a few weeks there has been little new or noteworthy news? They just been recycling and rehashing some very old news.
    Below is unrelated to the above, but may explain oils drop late yesterday:

     

    8:11 AM Saudi Arabia, worried the cost of oil will stifle the already weak global economy, is set to ship additional crude to its main customers in the U.S., Europe and Asia through the end of the year, FT reports overnight. The trick is how to do so while avoiding a confrontation with Iran, which has threatened the Saudis not to hike supplies to offset the impact of sanctions on Iranian crude exports. [Commodities, Global & FX] Comment!
    19 Sep 2012, 08:20 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1822) | Send Message
     
    You may be right, LT, but I think it may have more to do with the expiration tomorrow of October crude contracts and lots of speculators dumping for fear of price drops before delivery: http://seekingalpha.co... It may be that profit taking by big institutional speculators drove some of the drop.

     

    I also think the Saudis know how to play this game for all it's worth in showing they are friends of the Western oil importers. There is growing evidence that the Iranians are finding plenty of outlets for their oil including re-blending sites near Malaysia onto Panamanian flagged tankers: http://reut.rs/OceCtz
    19 Sep 2012, 08:48 AM Reply Like
  • tripleblack
    , contributor
    Comments (13386) | Send Message
     
    Oil is the ultimate liquid (in several senses of the word) commodity.

     

    SA is the world master at using oil for geopolitical and merchantile advantage, and they have a very tight focus on the fallout from the Arab Spring - currently featuring Syria (and hence Lebanon) - and of course Iran. SA is clearly signaling that they anticipate needing Western military support in the near future, and are willing (as usual) to pay for it.

     

    From a purely merchantile angle, SA's move positions them as in a position of power and control, even if the opposite might have been true before.

     

    MJ, your mention of the cutouts and middlemen that haunt the more shadowy regions of the Chinese sphere of influence is a very timely link - I see these as the other side of the coin. China's dependence on oil imports is growing and must be a primary worry for them.
    19 Sep 2012, 08:59 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    92 handle on oil.
    19 Sep 2012, 10:28 AM Reply Like
  • jhooper
    , contributor
    Comments (5211) | Send Message
     
    This is interesting. Typically a Fed induced bubble, like in the case of QEi, it is popped either by the Fed itself or some other factor in the economy that reaches a breaking point that causes an earnings pull back and then a sell off (risk off). Gasoline prices could have been the factor this time around. However, with the threat of war heating up even more in the ME, SA could be signaling which side it would like to be on and is placing a down payment on the services it would expect should a war break out.

     

    Basically, SA is offsetting the costs (to some extent) that US citizens would bear for US bad fiscal policy. The same thing happens when China or Europe debase their currencies to sell us cheap exports. Its bascially a tax on the host country (SA, China, Europe) that benefits the US. In this case SA will basically subsidize our equities markets. This, combined with the Fed, when it actually makes its purchases each month, will continue to support the rally.

     

    If this keeps up we could still be looking at 1550 in the S&P by 1st qtr next year, and a 2.10 on the US 10 yr.
    19 Sep 2012, 11:57 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    Hezbollah is leading an anti-American rally in Lebanon.
    Bangkok, Thailand is having an anti-USA rally.
    Pakistan's is near the USA embassy, and not peaceful.
    19 Sep 2012, 10:33 AM Reply Like
  • ungawah
    , contributor
    Comments (887) | Send Message
     
    Looks like the French are getting into the act: A French magazine printed some cartoons depicting Mohammed. They're closing 20 embassies on Friday.

     

    Maybe if depictions, preferably positive, of Mohammed were printed in countries all over the world, they'd get used to the idea eventually and stop making such a fuss.
    19 Sep 2012, 12:29 PM Reply Like
  • SMaturin
    , contributor
    Comments (1986) | Send Message
     
    Depictions of Mohammed are idolatry and forbidden by the Koran in the eyes of the fanatics, regardless of whether they are positive or not. Depictions by non-muslims are not going to desensitize such people.

     

    http://bit.ly/S5dxyt

     

    Are the French going to send warships to the Straits of Hormuz?

     

    edit: looks like they did:
    http://f24.my/S7HWk7
    19 Sep 2012, 12:51 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Different article the other day said there were annual exercises at this time of year in Straits of Hormuz, although turnout for this year's is more ships than normal.
    19 Sep 2012, 01:03 PM Reply Like
  • SMaturin
    , contributor
    Comments (1986) | Send Message
     
    The sabers being rattled are much bigger and louder than ever before.

     

    http://bit.ly/RxbIuF
    http://bit.ly/S7Jpa5

     

    I wonder if everybody will shake hands and go home next week?
    http://bit.ly/Rxd095
    19 Sep 2012, 01:11 PM Reply Like
  • ungawah
    , contributor
    Comments (887) | Send Message
     
    If they can't ever be desensitized, protests will never stop because there will always be someone somewhere who will enjoy poking the hornets' nest.
    19 Sep 2012, 01:21 PM Reply Like
  • tripleblack
    , contributor
    Comments (13386) | Send Message
     
    My take: These steps are cautionary prior to the "Arab Springing" of Syria, which is near, and the expected attacks by the "usual suspects" upon Israel from Lebanon. The idea is to demonstrate a powerful incentive for Iran to "let Syria go".

     

    Whether this will also include Lebanon is another largish question, yet unanswered.

     

    My opinion currently is that Iran is simply not ready to launch a military contest with the assembled forces, and Assad is just too far gone to represent an enticing cause.

     

    The same factors apply to Russia. Moscow will be seeking to ink basing rights with whoever controls the necessary ports (whenever, and not too picky about who it is, either).

     

    Players which may not be centerstage in the media but who are definitely there with boots on the ground: Turkey, and their military dearly wants a piece of Assad - The Arab League, and yes, SA's positioning involves that group specifically and their military buildup regarding Syria...
    19 Sep 2012, 01:22 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Was running some comparisons on precious metal investments from August 23 to today.

     

    Here's PMPIX (a mutual fund that's basically 150% leverage on the XAU) vs. Sandstorm Gold (SSL.V in Canada, SAND in the US).
    http://tinyurl.com/9r3...

     

    Here's those two plus AGQ (double leveraged SLV), UGL (double leveraged gold), and SLW (Silver Wheaton, and the silver streamer from which much of Sandstorm Gold's management comes)
    http://tinyurl.com/8gx...

     

    Here's one with PMPIX, SSL.V, SLW, GLD & SLV
    http://tinyurl.com/9an...

     

    Finally, we bring in the home run hitter with this one: PMPIX, SSL.V, SLW, AGQ, & NUGT (3x an index of precious metals miners)
    http://tinyurl.com/92o...

     

    Conclusions:

     

    - if you were doing very short-term trading and believed it was a good day for precious metals, NUGT is the place to be

     

    - the streamers, SLW & SAND, handle the bull runs well for something to hold

     

    - PMPIX is a diversified alternative with better results than SAND, but lagging SLW & AGQ

     

    - AGQ is functioning well, UGL is not yet

     

    note: focused a bit much on PMPIX since I and at least one other hold it, and its doing reasonably well.
    19 Sep 2012, 11:50 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Meanwhile, fake gold is showing up at reputable gold dealers in New York http://bit.ly/PGYR94
    19 Sep 2012, 12:07 PM Reply Like
  • tripleblack
    , contributor
    Comments (13386) | Send Message
     
    (SAND) and particularly its Canadian market warrants (SDXXF) have taken off since I was touting the warrants at $.31 (as I recall, this is all from memory). Currently Ask $1.6413, Bid $1.5901.

     

    I piled into these when I departed pm miners and SLW, and have not looked back since...
    19 Sep 2012, 01:26 PM Reply Like
  • Ishikawa
    , contributor
    Comments (174) | Send Message
     
    TB,
    What's the difference between SDXXF and SNXXF ?
    Seems SNXXF is easier to trade than SDXXF, is that right ?
    Thanks in advance
    19 Sep 2012, 01:44 PM Reply Like
  • tripleblack
    , contributor
    Comments (13386) | Send Message
     
    They are 2 seperate warrant issues, and the SNXXF comes due before the SDXXF. I was holding SNXXF as well, but sold them at a nice multiple a while back. I don't recall when SNXXF comes due, but I believe it is soon.

     

    I no longer track SNXXF, but I do recall reading that the rules regarding trading them had been loosened up for Americans. Before buying either warrant do some research, the rules have changed since a year and a half ago when I entered the position.
    19 Sep 2012, 01:53 PM Reply Like
  • Ishikawa
    , contributor
    Comments (174) | Send Message
     
    Thanks for the advice. I bought a bundle in the .50s and have not sold or add any. I own SAND too. Very happy with them.
    19 Sep 2012, 01:59 PM Reply Like
  • tripleblack
    , contributor
    Comments (13386) | Send Message
     
    More on the Sandstorm warrants:

     

    http://bit.ly/OFcFWp

     

    SDXXF Cusip #80013R123 are $1.00 and expire Oct 19, 2015

     

    SNXXF Cusip #80013R115 are $.60 and expire Apr 23, 2014
    19 Sep 2012, 02:03 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Jon

     

    Do you believe in holding physical?

     

    map
    19 Sep 2012, 02:06 PM Reply Like
  • Ishikawa
    , contributor
    Comments (174) | Send Message
     
    Thanks again !
    19 Sep 2012, 02:56 PM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    Fed vs. HFT's: Be sure to read the last paragraph below this one.

     

    Finally, Rowady offers a warning: "Going forward, keen awareness of changing demographics, methods of strategy deployment, and cross-market forces are among the skill requirements for ongoing success with automated methods. And, above all, never forget that the Fed uses algos too."
    http://bit.ly/QCa2kx
    19 Sep 2012, 11:57 AM Reply Like
  • tripleblack
    , contributor
    Comments (13386) | Send Message
     
    Sigh. Why am I NOT reassured that we now have Fed quantmonkies joining the familiar HFT bytesimians?

     

    Twice the chance to randomly destroy the markets, all in a nanosecond.
    19 Sep 2012, 01:28 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    91 handle on oil. I am accumulating on the way down.
    19 Sep 2012, 01:16 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2083) | Send Message
     
    The latest excellent comment from Andrew Butter. One smart guy, IMO. In Seeking Alpha.

     

    http://bit.ly/Udv3He

     

    Copy/Past into a browser address window for best result.
    19 Sep 2012, 01:25 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    Since consumers supposedly represent 60%+ of GDP, I found this statment disturbing vis-a-vis any hope for recovery in the *real* economy.

     

    "American wages -- currently at a 50-year low as a percentage of GDP -- are rising very slowly, so slowly that it is hampering consumer spending and the overall economy. At the time of previous QEs, also designed to create a wealth effect, wages were rising at a much faster clip than today. Furthermore, real wages were rising during 2009 and 2010, partly offsetting slow employment growth".

     

    The article is really about the effect of the Fed's QE action and the markets, a short informative read.

     

    "What If The Fed Has It All Wrong?"

     

    http://seekingalpha.co...

     

    HardToLove
    19 Sep 2012, 03:43 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    South African Violence Returns As All Miners Demand 22% Pay Hike
    19 Sep 2012, 04:15 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    http://huff.to/RNFUYg

     

    Seems BO has some explaining to do !!
    23 Sep 2012, 06:13 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    Any thoughts on KCAP? Amazing yield, is it sustainable?
    20 Sep 2012, 10:41 AM Reply Like
  • tripleblack
    , contributor
    Comments (13386) | Send Message
     
    I don't think so, OG. Its not profitable right now, profit margin is -2.01%, and only has a bit over $1million in cash. Operating cash flow is -$3.47million.

     

    Some notes on Yahoo: "KCAP Financial, Inc.’s Governance Risk Indicator (GRI®) as of Sep 1, 2012 is: Audit (High Concern), Board (High Concern), Compensation (Low Concern), Shareholder Rights (High Concern)."
    20 Sep 2012, 11:13 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    From John Hussman:
    "As of Friday, our estimates of prospective return/risk for the S&P 500 have dropped to the single lowest point we’ve observed in a century of data. There is no way to view this as something other than a warning, but it’s also a warning that I don’t want to overstate. This is an extreme data point, but there has been no abrupt change; no sudden event; no major catalyst. We are no more defensive today than we were a week ago, because conditions have been in the most negative 0.5% of the data for months. This is just the most negative return/risk estimate we've seen. It is what it is."

     

    Full newsletter with interesting chart: http://bit.ly/S9bldP

     

    Tip of the hat to David Jackson who posted the link in Stock Talks
    20 Sep 2012, 08:25 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    Jon,

     

    Thanks for the link. Hussman hasn't been right yet on this one, but I can't help but think that something is coming and it won't look good.
    20 Sep 2012, 11:14 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    This is huge !!!!

     

    Thursday, September 20, 3:02 PM More on Kocherlakota: Ben Bernanke has pulled off a coup of sorts, as the hawkish Kocherlakota appears to have swung over to the viewpoint of the FOMC's most dovish member - Chicago's Charles Evans. This sort of consensus-building makes it more likely Bernanke's policies stay in place even if he doesn't get a third term in 2014

     

    map
    20 Sep 2012, 08:52 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    Huge and disappointing in some ways, encouraging in others. A stable currency would be nice and invite more foreign investment in the U.S. which could also lead to more job creation. On the other hand, without the QE I suspect the economy falls back into recession based upon fundamental indicators that I have found. I think Ben is doing the best he can without any help from Congress and the Administration. That doesn't mean I like what he is doing, just that he may feel like he is a box for now until at least after the elections and had to do something to keep the U.S. economy from getting any worse. I don't know if it was politically motivated, but it does look like it due to the timing. With more support on the FOMC we can at least get a better sense of what to expect from the Fed.
    20 Sep 2012, 10:16 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2046) | Send Message
     
    Interesting night for silver. Price has been bouncing between $34.80+ to as high as $34.98, three or four times in the last four hours. It sure wants to take off, but someone keeps yanking the leash. Taking a fresh TFH from the case I bought from HTL, I wonder, is someone selling just enough to lower the price and then scooping up every loose scrap at a lower price? Does this even make sense or have I been up too long?
    21 Sep 2012, 05:03 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Still

     

    Big Ben does not want to breach that $35 mark from what i read!!! Not sure if it is someone selling to lower it just to buy it back. Maybe others are buying it at a lower price though!!

     

    map
    21 Sep 2012, 06:17 PM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    7:38 AM Tampa real estate brokers are about to find themselves in high cotton as Blackstone (BX) continues its leap into the single-family rental business with plans to spend about $1B buying 15K homes there over the next three years. "It's a land grab unlike anything I've ever seen," says a property manager. "You're going to drive through parts of town and all of it is going to be institutionally owned." Comment! [Financials, U.S. Economy]
    21 Sep 2012, 07:48 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (1822) | Send Message
     
    For those so inclined to weigh historical patterns into the mix here's what to expect on Quadruple Witching Day:

     

    "Historically, quadruple witching day in September has been positive for the markets, with the S&P 500 closing in the black 75 percent of the time ... And according to Morningstar Commodity Data, there is a significant positive bias from expiration day to the end of the year when both coincide.

     

    Indeed, in 4 of the last 6 times it happened, U.S. indexes finished the year with positive averages of +5.4 percent, +5.8 percent and +7.3 percent for the Dow ..."

     

    http://bit.ly/Sdh17Y
    21 Sep 2012, 08:02 AM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    Well, more good news for Nokia (NYSE: NOK).
    According to the Financial Times, short positions on Nokia are at all-time record levels, with as much as 90 percent of shares available for shorting being borrowed currently. The latest read from Markit has 16 percent of total shares out on loan, versus 9.5 percent at the start of September.
    Other sources have about 246.25 million shares being held short, or about 6.6 percent of the 3.71 billion total shares outstanding. That's up 13 percent from the most recent reading of 217.98 million shares held short, though specific dates weren't given.
    Mainly, traders are positioning for a dour printout for Nokia's upcoming quarterly report, it's last before the Espoo, Finland-based OEM starts selling its new line of Microsoft (Nasdaq: MSFT) Windows Phone 8 equipped smartphones. This means that the outlook isn't all bad for Nokia, just that many are trying to capture some downside from expectations of lagging handset sales.
    As reported over the summer, Windows Phone 7 devices will not be upgradeable to the new version of Windows Phone, making current handsets all but obsolete. Even with substantial discounting, Nokia will be able to sell only so many of the device before consumers decide to wait a month or two for the next offering.
    Mainly, investors in Nokia will focus on feature phone sales in emerging markets this quarter, a market when Nokia still holds a commanding position.
    Ahead of the bell, Nokia is indicated for a lower open. The company is expected to release Q3 results in mid-October or thereabouts.
    News Provided by Acquire Media Corporation
    21 Sep 2012, 08:03 AM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    2nd article in as many days that calls for 20% drop in equities if fiscal cliff happens.

     

    http://on.mktw.net/OMmixb
    21 Sep 2012, 10:56 AM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >LT ... Sooner or later reality is going to poke its nose into the tent. I'm surprised the estimates are for only 20%.
    21 Sep 2012, 11:01 AM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    It's worse than that if Money Velocity is any indicator.

     

    "An Overlooked Bearish Signal That Will Drive 2013"

     

    http://seekingalpha.co...

     

    HardToLove
    21 Sep 2012, 11:02 AM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    Between new reg's & the JPM loss, this is an interesting development heading in the right on less derivatives in US banks:

     

    http://bit.ly/Qq9noJ
    21 Sep 2012, 12:20 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    Anti-American protests all over-Love For The Profit Day-in half a dozen Pakistani cities there is rioting in the streets and deaths. They're killing each other. Bangladesh, Indonesia,Iraq are all protesting, to name a few. Some are burning effigies of Obama.
    21 Sep 2012, 03:08 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    Correction, Love For THe Prophet.
    Love For the Profit, --that's a day I could get behind!
    21 Sep 2012, 03:35 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    OG - I like the new avatar just fine, but I'll always think of you as the all-knowing eye. Obama foreign policy is going just great, isn't it? Burning his effigy in all those nations he has befriended is soooo impressive.
    21 Sep 2012, 04:26 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    Maybe he needs to go over there and bow some more.

     

    HardToLove
    21 Sep 2012, 05:13 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Or maybe this is his going away present???

     

    map
    21 Sep 2012, 06:02 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    OG

     

    Is there actually a difference anyway?
    Profit- Prophet..?

     

    Gotta be money involved with both anyway...
    21 Sep 2012, 04:18 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    Watching Dick Tracy G-Men serial this afternoon with Ralph Byrd...
    I love it.
    21 Sep 2012, 06:10 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    JUST a gut feeling, but i think these markets are just waiting for something to cause a nice size correction...Don't know if is pre election hysteria keeping it afloat.

     

    But with all this bad news i am dumfounded it hasn't already started.

     

    map
    21 Sep 2012, 06:11 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    http://aol.it/RGDQB6

     

    Just more great news!! I don't get it, These musical chairs have to end soon! Afraid to short this market it is so irrational..

     

    Focal, glad you are enjoying your show.!!!!

     

    map
    21 Sep 2012, 06:21 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    A few other Sept job loss announcements:
    Demmer Corp. – 200
    Faurecia – 150
    Nexteer Automotive – 70
    Blackboard Inc – 90
    Space Systems/Loral – 90
    Global Contract Services – 105
    Warm Springs Forest Products – 93
    SVTC Tech LLC – 105
    All Vann’s Stores Closing
    Boston Children’s Hospital – 255
    FirstEnergy – 200
    American Airlines – at least 4,400; maybe 11,000
    Money Mailer - 100
    Siemens – 615 in IA, KS & FL
    Northrop Grumman – 600
    Brooks Automation – 150
    University of GA – 130
    Alpha Mines – 1,200; closing 8 mines
    Visa closing last San Francisco Office
    American Eagle – 146
    Gen-Probe – 75
    Northwest Community Healthcare 110
    Alorica – 127
    Maysteel – 100
    Unilever – 388
    Newton Energy Mine – 116
    City of Tacoma – 200
    Liberty Medical - 100
    Best Buy 2,000
    Express Script – 283
    Covidien – 595
    BAE – 95
    All 600 Fashion Bug Stores in 43 states to close by early 2013
    Walgreens closing 76 USA Drug-affiliated Stores
    Bill’s Barbecue closing 3 restaurants in Richmond, VA
    Molded Fiber Glass – 92
    GM – 1,000
    Ormet Corp.- 200
    Goodyear – 55
    JP Morgan Chase – 74
    AFA Foods closing plant – 100
    Manitowoc Foodservice – 235
    Welch-Allyn – 10% of workforce
    Willow Valley Inn – 175
    Statesman Journal – 50
    Silgan Container – 1,300
    Marsh Distribution 120
    Alloy Surfaces – 145
    Galloway TWP – 140
    Hewlett Packard ups total layoffs to 29,000
    Kodak – 1,000 more by year end
    Xstrata – 600
    Sysco – 170

     

    Those are since Sept 10th. I got tired and I didn't include announced layoffs under 50. This doesn't sound like a robust recovery to me somehow. My fear is that when we include all the mom and pop stores closing and smaller businesses that aren't even is this list (and there are many, many more) it adds up to a lot of full time jobs with benefits being lost all across the country. If you look at the details of the monthly employment reports you'll find that the bulk of new jobs in many months are part-time. There have been months where the number of full-time jobs went down and all the new jobs were part-time. This is not a good direction and it needs to stop. I suspect that a lot of it is being done to escape the high costs of Obamacare, but others are doing it just to squeeze a little more cost out of the system. And still others are just businesses that are closing their doors.
    21 Sep 2012, 09:46 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2046) | Send Message
     
    K202,
    I appreciate that list, somehow I can't force myself to click on like though. The news you gave backs up what I have been seeing in my area and been reported to me by family and friends around the country. Commercial and industrial real estate (strip malls, enclosed malls and factories) looking gap toothed with one third (my estimate) of the stores and factories and warehouses empty. Many foreclosed homes held in inventory by the banks so as not to flood the real estate market all at once. What the official numbers say and what I see and hear are totally different.
    22 Sep 2012, 03:40 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    http://huff.to/ScyAUf

     

    Has anyone seen BO since he was in NY on Letterman this week!!

     

    map
    21 Sep 2012, 06:26 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    Sorry, I don't play golf!
    21 Sep 2012, 09:47 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    This seems like a positive change of events. Maybe the brotherhood won't take of Libya after all.

     

    http://yhoo.it/TfVLQk
    22 Sep 2012, 12:05 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    http://huff.to/OPzxgk

     

    So BO see no victims in the crowd huh??

     

    map
    22 Sep 2012, 11:13 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Curiosity survey part 1:
    Those voting for Romney in the election, like this comment
    22 Sep 2012, 11:15 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Curiosity survey part 2:
    Those voting for Obama in the election, like this comment
    22 Sep 2012, 11:16 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Curiosity survey part 3:
    Those voting for someone other than Obama or Romney in the election - including not voting for anyone - like this comment
    22 Sep 2012, 11:16 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    OG

     

    You only get to vote once!!! LET me guess who that might be??

     

    Holding your nose as well...

     

    map
    22 Sep 2012, 11:54 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    And biting my lip. See my profile for explanation.
    22 Sep 2012, 11:57 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Saw it either yesterday or the day before. Without much sleep i lose what day i am in..lol...

     

    So i guess it's curtain number 3 for you?.....lol..

     

    map
    22 Sep 2012, 12:00 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Being from NY we will never be a RED state unfortunately though..

     

    So i guess no need to vote..

     

    map
    22 Sep 2012, 12:03 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    Click on this picture:
    http://bit.ly/SiIyEV
    22 Sep 2012, 12:14 PM Reply Like
  • jhooper
    , contributor
    Comments (5211) | Send Message
     
    Whatever happened to the Political Quickchat?
    22 Sep 2012, 07:45 PM Reply Like
  • jakurtz
    , contributor
    Comments (1887) | Send Message
     
    If anyone lost track of the political QC here it is --

     

    http://seekingalpha.co...
    24 Sep 2012, 08:17 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    OG

     

    Just made that comment to get your blood pressure up !!

     

    I WILL BE PULLING A LEVER, besides where i vote it takes literally 5 minutes. Small town and my condo complex, having 700 homes has it's own voting place INSIDE our community.....NICE AND EASY!!

     

    MAP
    22 Sep 2012, 12:19 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    This video is an interesting discussion on recent Fed policy by representative from both sides. It is 32 minutes long, but good. One of the panelists is considered a candidate to be the the Fed Chairman.

     

    http://bit.ly/RNdxc4#o...
    22 Sep 2012, 02:24 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    This is a great depiction of Buzz Bernanke, "To Infinity and Beyond!"
    hat tip to Young's Research

     

    http://bit.ly/NJctnJ
    22 Sep 2012, 02:31 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Someone one day has to explain to me why when we elect a POTUS we just don't use the aggregate total instead of the electorial total.

     

    To me , it just should be who gets the most votes per our nation, period.. I am from NY and although i might vote for Mitt ( wink wink OG ) MY state is usually Blue.

     

    Hate hearing there are only a few states that will decide the election. Just seems unfair to me...I might have skipped that History lesson explaining why..lol..

     

    map
    22 Sep 2012, 02:48 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >MAP ... A history lesson for you. About a 5 minute overview.

     

    http://bit.ly/Scil5l
    22 Sep 2012, 03:22 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    DRICH

     

    Well as i suspected most of it is completely outdated.....I wish we could switch to just who gets the most votes. Seems like a simple no brainer to me...MAYBE I AM MISSING A KEY COMPONENT.

     

    MAP
    22 Sep 2012, 10:54 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >MAP ... So you would be happy with focusing electoral, thus government, attention toward being only on the large population centers. Whatever the media could convince New York, L.A., San Fransisco, Chicago, Atlanta & a smattering of smaller mostly East & West coast cities to do would determine the Executive & Judicial branches. The rest of the country could more-or-less be ignored because they would be meaningless to the election process. I'd consider that misguided.

     

    The Electoral College is with us for the same reason that each state has two Senators. It is a way to insure smaller populations will matter. Maybe not all the time but they can't be totally ignored. The perfect ideal of the College is to appoint independent electors but that has never been the case. Still it stands as a check & balance. It also allows states' legislatures some flexibility to determine their own fate to a certain extent. We presently have a winner take all Elector system but that is not necessarily the way it has to be. States if they felt the need could assign Electors by the voting outcome by Congressional district which the way Maine & Nebraska do it.
    22 Sep 2012, 11:22 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    DRICH...I don't feel the same way as you. If an American wants to vote for a POTUS he should have a equal vote. If NY and other cities vote for a person, i am sure they believe in that person. Right now i believe it is coming down to some swing states and i believe that it shows that every American does not have an equal vote. I have enclosed an email sent to me that just proves the inconsistencies of the Electoral vote.

     

    In no other organization does this occur. If a Teamster is running for President it is the total amount of votes who shows who won. You are making it sound that the larger states are actually either fooled or were convinced to vote for a person. I believe Americans are smarter than that !! TOWNS, MAYORS, ETC use the simple i got more votes than you did. Why should NY voters who want Mitt know that we are a blue state so we have no chance.

     

    Thats the major problem i have with our system. READ BELOW!

     

    In 1887 Alexander Tyler, a Scottish history professor at the
    University of Edinburgh, had this to say about the fall of the
    Athenian Republic some 2,000 years prior: "A democracy is always
    temporary in nature; it simply cannot exist as a permanent
    form of government. A democracy will continue to exist up until
    the time that voters discover that they can vote themselves generous
    gifts from the public treasury. From that moment on, the majority
    always votes for the candidates who promise the most benefits from
    the public treasury, with the result that every democracy will finally
    collapse over loose fiscal policy, (which is) always followed by a
    dictatorship."

     

    "The average age of the world's greatest civilizations from the
    beginning of history, has been about 200 years. During those 200
    years, these nations always progressed through the following sequence:

     

    From bondage to spiritual faith;
    From spiritual faith to great courage;
    From courage to liberty;
    From liberty to abundance;
    From abundance to complacency;
    From complacency to apathy;
    From apathy to dependence;
    From dependence back into bondage."
    The Obituary follows:

     

    Born 1776, Died 2012
    It doesn't hurt to read this several times.
    Professor Joseph Olson of Hamline University School of Law in
    St. Paul, Minnesota, points out some interesting facts concerning
    the last Presidential election:

     

    Number of States won by: Obama: 19 McCain: 29
    Square miles of land won by: Obama: 580,000 McCain: 2,427,000
    Population of counties won by: Obama: 127 million McCain: 143 million
    Murder rate per 100,000 residents in counties won by: Obama: 13.2 McCain: 2.1

     

    Professor Olson adds: "In aggregate, the map of the territory
    McCain won was mostly the land owned by the taxpaying citizens
    of the country.

     

    Obama territory mostly encompassed those citizens living in low
    income tenements and living off various forms of government
    welfare..."

     

    Olson believes the United States is now somewhere between the
    "complacency and apathy" phase of Professor Tyler's definition of
    democracy, with some forty percent of the nation's population
    already having reached the "governmental dependency" phase.

     

    If Congress grants amnesty and citizenship to twenty million
    criminal invaders called illegal's - and they vote - then we can say
    goodbye to the USA in fewer than five years.
    22 Sep 2012, 11:41 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >MAP ... OK, I'd be shocked if you were to agree with my point of view, but I'm more than a little disappointed to find you don't believe in our republican form of government. Or is it that you feel the Executive should be reinvented to be the only truly democratic office for the nation? Even as most governmental entities are divided into the republican model, we do have this type of election for smaller governmental subdivisions like Senators, governors, mayors and such. Maybe that might work (though I'm not in favor) if we ever convene a Constitutional Convention to rewrite our form of government. I hope you can get some comfort for your vote by knowing that my vote in Texas has no hope of being in the majority but I'm not despondent that my nation is doomed.

     

    From your citation

     

    [quote] A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. [quote] 1887 Alexander Tyler

     

    is a pretty good one in favor of the Electoral College system.

     

    The Framers of the Constitution were very afraid of the tyranny of the masses. Even as we are a government that is supposed to be one of majority rule they went to great lengths to protect & guarantee the Rights & voice of the minority. I think the Electoral College system is creation of genius that is designed to preserve the Republic from pure democracy.
    23 Sep 2012, 12:31 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    DRICH

     

    So now i have to worry what the media can convince just the swing states to do then...That just doesn't sit well with me...

     

    map
    23 Sep 2012, 02:19 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >MAP ... You spend way too much time being worried, pissed off & dejected.
    23 Sep 2012, 02:52 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    DRICH

     

    Seems you don't agree, then the other person is wrong...Whatever..

     

    map
    23 Sep 2012, 03:25 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >MAP ... "Whatever"(?) How Valley Girl a rejoinder is that. Now I've absolutely no idea what you're talking about or what your point might be so I'll go no further.
    23 Sep 2012, 03:39 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    DRICH..

     

    Didn't think you would understand NY talk...Not even going to try and explain...Football is on..

     

    map
    23 Sep 2012, 03:50 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    http://huff.to/PYpiao

     

    So this is what it comes down to huh..Whats a Valley Girl anyway??
    lol....

     

    map
    23 Sep 2012, 05:22 PM Reply Like
  • Joseph L. Shaefer
    , contributor
    Comments (1485) | Send Message
     
    Far be it from me to dispute all the good professor's findings but the very first number regrettably makes the rest suspect. If Obama won 19 states and McCain won 29, who won the other 3? (DC gets 3 electoral votes -- and 99% of the goodies dispensed, but I digress.) In fact, Obama won 29, McCain 22. Methinks there may be a case of lies, damned lies and statistics afoot...
    24 Sep 2012, 04:28 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Joseph

     

    I ran it though SNOPES and it looks like this posting by me was a fabrication . The author said he never wrote it, Sorry for the mis facts.
    But it looks like some numbers just didn;t add up.

     

    MAP
    24 Sep 2012, 07:35 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    DRICH

     

    Thanks..going to my nephews football game. I will read it later.

     

    map
    22 Sep 2012, 03:34 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9482) | Send Message
     
    "Silver Scandal Fueled With Your Money."

     

    Below article nails "bid-rigging JPM," explains how gold has just done a golden cross, why miners haved lagged, and that gold and silver are set to explode upward:

     

    http://bit.ly/R80AaX
    22 Sep 2012, 03:36 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5027) | Send Message
     
    Chilton- Silver investigation:
    http://onforb.es/QLfKkk

     

    I gave him credit for investigating, but the more I read, the more I think that this has more to do with hiring more agents and obtaining higher fees than it does fixing a corrupt and broken system. The last line was a complete disappointment, imo.
    22 Sep 2012, 04:24 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    OG

     

    Yeah, i agree that last line would make you believe nothing will be done. But i really never expected anything from them anyway. Four years of looking into this without a response?

     

    map
    22 Sep 2012, 11:03 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9482) | Send Message
     
    OyGee: Point/counterpoint (now is NOT the time to buy gold or silver...yet):

     

    http://bit.ly/QLlJ8H
    22 Sep 2012, 05:11 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    KINGSWORLD has had so many articles way off base that i would do the opposite. The markets are primed for a correction and if you truely believe in the metals i would add at these prices.

     

    Soon the paper and physical will seperate. God knows when but if you believe long term that the metals will be higher why hold off?

     

    map
    22 Sep 2012, 10:59 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    "Many S&P 500 companies forecasting third-quarter misses"

     

    http://on.mktw.net/PXcqBA

     

    HardToLove
    23 Sep 2012, 10:31 AM Reply Like
  • JeffLeach1986
    , contributor
    Comments (229) | Send Message
     
    Is this good news or bad news?
    23 Sep 2012, 12:57 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    Well, since the Fed has already announced QEI(nfinity), the markets can't go up on expectations of "more, more more" from the Fed.

     

    So, with the Fed already priced in, if the markets ever actually look at the recessionary economic indicators around the world, the PE multiple should start to contract at some point.

     

    Throw in the new (unexpected - yeah, right!) Greece news - they can't make the cuts demanded to get the rest of the bail out - and we have the PIIGS back on the table adding fear ... maybe.

     

    'Course, with $80B/month of MBS purchases on the table, the financial institutions will probably do OK even when the real economy suffers. Add in Drahgi also buying the Euro-world ... I expect it will have just as much effect there as it did her, and in the same ways.

     

    MHO,
    HardToLove
    23 Sep 2012, 02:33 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Technical correction. Bernanke got together with Apple's marketing department and has relabeled it iQE. All the central bankers are queuing up for it.
    23 Sep 2012, 02:36 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    I've been expecting October to be a bad month for stocks due to all the fundamental indications turning south. Without top line growth (and possibly coming in flat to lower) it looks like the peak in EPS is behind us. The last hope is for Q4 results to set a new record. If that doesn't happen then companies will need to start cutting jobs again, imo. That's just the way the business cycle goes. I continue to lighten up on equities at these lofty levels. I want some more dry powder for the next correction. If I'm wrong I'll miss some of the next up leg. But that's a small price to pay for the chance to miss much of a big down leg, imo.
    23 Sep 2012, 09:29 PM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    ""Many S&P 500 companies forecasting third-quarter misses"

     

    Thx, HTL. Looks like a bit of sector rotation coming up.
    23 Sep 2012, 12:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (16953) | Send Message
     
    Where will they rotate to when *everything* starts showing the effects of bad fiscal and monetary policy around the world? Banks and consumer staples (although even that will suffer some) and the always present precious metals ... for a while.

     

    HardToLove
    23 Sep 2012, 02:36 PM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    "Where will they rotate to when *everything* starts showing the effects of bad fiscal and monetary policy around the world?"

     

    :-) "Tis the question.
    23 Sep 2012, 04:35 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Rotate right into the metals!!!

     

    map
    23 Sep 2012, 04:45 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    HTL

     

    Nough said...

     

    map
    23 Sep 2012, 03:27 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    This morning, the NY Post reports that at least ten more fake 10 ounce "gold bars" filled with Tungsten have been discovered.

     

    Wait until they start checking the "repositories" behind the precious metal ETFs and various other storage areas.
    23 Sep 2012, 04:18 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    Now wouldn't that just toast some ETF buns?!
    23 Sep 2012, 09:29 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    I thought ya'll would enjoy this article about how marijuana can actually reduce cancer!

     

    http://bit.ly/NLwpX2
    23 Sep 2012, 10:16 PM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >K202 ... Without the buzz it sounds pretty useless to me. If I've got cancer, I want the full show ... no scrimping.
    23 Sep 2012, 10:20 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    DRICH

     

    We agree !!!!!! Wonders never cease.....lol..

     

    map
    23 Sep 2012, 10:27 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    Sunday, September 23, 3:39 AM The Senate yesterday authorized a $500B spending bill that will finance the government for half a year from October 1, adding to approval from the House. Congress has now broken up ahead of the elections on Nov. 6, leaving plenty of unfinished business. That includes measures to forestall the "fiscal cliff" and a renewal of the farm bill.
    23 Sep 2012, 10:32 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    I predict that a compromise spending bill will be sent to BO after the break and before the cliff. But whether he will sign it or not is anyone's guess. If he loses he may just let it set for the next Administration to take care of, meaning we go off the cliff. If he wins he may want to play hardball with Repubs to get more of what he wants. He may be willing to play chicken this time around because he'll know that the media will support him in telling the public that it's the other party that is to blame because they won't give in. I may be wrong and he may sign something. I just don't trust him. I hope I'm wrong.
    23 Sep 2012, 11:54 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    Well, this ought to help stocks soar higher for the next couple of days!
    We knew Europe would pull something like this out of the hat!

     

    http://yhoo.it/PeigPC
    23 Sep 2012, 11:58 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    So why are commodities falling when more money is being printed??

     

    map
    24 Sep 2012, 12:09 AM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >MAP ... Three reasons: 1) The FED and the ECB are not putting enough money into the markets fast enough to support the front running since the June low. 2) The FED is only buying Mortgage Backed Securities instead of any qualified AAA, AA or AA+ collateral like the previous QE's, thus the primary dealers aren't going to have the flow of Treasuries to speculate with. 3) World inventories are stockpiled as derivative backing collateral and not available for production which is slowing and scaling back mining activity.
    24 Sep 2012, 12:24 AM Reply Like
  • JeffLeach1986
    , contributor
    Comments (229) | Send Message
     
    Velocity of money perhaps? http://bit.ly/Tpwkfb
    24 Sep 2012, 08:00 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9482) | Send Message
     
    Jeff: More like...perhaps not. ZH published a nice article the other day about the abysmal velocity of money. Here it is:

     

    http://bit.ly/QPfSPD
    24 Sep 2012, 08:37 AM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    If mining is slowing then you would think that the physical should go up in price, although it is minor tonight, silver is still over 34 bucks..Gold down only 10 bucks...But maybe some profit taking is going on.
    24 Sep 2012, 12:33 AM Reply Like
  • Stilldazed
    , contributor
    Comments (2046) | Send Message
     
    MAP,
    Consolidation and there has been no separation from paper PMs yet. The CFTC just can't seem to read through those thousands of pages of evidence. Look at MF Global, hear of any arrests yet?
    24 Sep 2012, 01:42 AM Reply Like
  • DRich
    , contributor
    Comments (4335) | Send Message
     
    >MAP ... Not if no one wants what's already smelted. The PMs are anybody's guess.
    24 Sep 2012, 12:44 AM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    Hypocrisy
    The opposition Labour Party accused Clegg of hypocrisy, pointing to the budget decision to lower the top rate of income tax to 45 percent from 50 percent.
    “Nobody will be fooled by Nick Clegg’s empty words on tax,” Rachel Reeves, one of Labour’s finance spokeswomen, said in an e-mailed statement. “This is the man who backed a 3 billion-pound tax cut for millionaires in the budget while asking millions of pensioners and families to pay more.”
    Clegg also announced a “pension-for-property” plan that will be introduced by the government to allow parents and grandparents to help their offspring to buy a home by using their pension assets to secure mortgages.
    “We’re going to allow those parents and grandparents to use their pension pots to act as a kind of guarantee, if you like, so that youngsters, their children and grandchildren, can take out a deposit and buy their home,” Clegg said. The plan will allow them “to use their pension pots to act as a kind of guarantee.”
    http://bloom.bg/Ux2GUC
    24 Sep 2012, 05:07 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    Apple (AAPL) said Monday it has sold 5 million iPhone 5s since the device went on sale three days ago.
    ---
    They are going for $200 a pop....
    24 Sep 2012, 09:26 AM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    $600 to AAPL if you count subsidies by carriers
    24 Sep 2012, 09:29 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    And the shares are down almost 1.5% today! Go figure. If even the mighty AAPL cannot swim against the currents we may not have to wait for earnings to come out in October for the market to start its correction. It may have already started.

     

    Notice my quick grasp of the obvious!
    24 Sep 2012, 10:43 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    There was a whisper number of 10M... 10M in three days? I went by an AT&T store yesterday and they had a line outside the door. I question if the retail system has the capacity to move 10M phones in three days. Everyone is down to minimum staffing.
    24 Sep 2012, 11:04 AM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    i think u are right....AAPL is hard to short, but over reaching expectations are getting to be common. 10M in 3 days is a bit of a stretch.
    The mkt. is bound and determined to make AAPL the first trillion$$$ company...it willl probably do it in '13. The new iPad to follow and the iPhone are catalyst.
    24 Sep 2012, 11:12 AM Reply Like
  • D-inv
    , contributor
    Comments (3768) | Send Message
     
    "... we may not have to wait for earnings to come out in October for the market to start its correction."

     

    I believe it has started 'correcting' on a selective, sector-related basis. FDX, NSC share price declines within the past 5 - 6 days might be taken as cases on point.
    24 Sep 2012, 10:03 PM Reply Like
  • LT
    , contributor
    Comments (4416) | Send Message
     
    That is how the correction happened this summer...CAT, CMI, DE and all the high flyers dropped 15-20%, but others held the indexes to minor losses. Same thing happening now.

     

    the big key is APPLE, see my post on new concentrator from Kass.
    25 Sep 2012, 05:48 AM Reply Like
  • QuickChat
    , contributor
    Comments (252) | Send Message
     
    Author’s reply » New QC is this way:

     

    http://seekingalpha.co...
    24 Sep 2012, 10:39 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    The markets don't seem to be responding well to the article I posted earlier about Europe deciding to increase bailout funds to 2 trillion euros.
    24 Sep 2012, 10:40 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4152) | Send Message
     
    Well, maybe if someone else published it, the market would have reacted better ;-)
    24 Sep 2012, 10:43 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    hehehehe good one Jon
    24 Sep 2012, 10:57 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    It was Reuters! Do they have a bed rep and poor coverage now? Wasn't aware of it.
    24 Sep 2012, 11:47 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    It was reported over on Mish's, but the primary source is still Reuters.
    http://tinyurl.com/9vc...

     

    I heard the leveraged deal was being discussed over a week ago, but the source was leaks from ongoing discussions. It does smell correct, but I doubt its going to get a rubber stamp approval. I have doubts that countries like Germany are going to be happey about backing up the risk on trillions in leverage. That makes me think the story is a spin job...
    24 Sep 2012, 12:28 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4722) | Send Message
     
    Isn't everything mostly a spin job these days? That seems to be all that matters. The markets usually react to spin.
    24 Sep 2012, 02:05 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5754) | Send Message
     
    More than I can remember in the past. I have been wondering what the primary reason is for this. Is it that the media have all been bought out so we no longer have an independent free press, or is it more about a general degradation of Journalism skills? Yet another issue concerns the validity of the measurement tools the press is using to report results. Anyone that thinks we have 2% inflation needs to have a head adjustment. Yet the press, the protectors of freedom and liberty go along with these obviously faked metrics. Back when my grandfather was in the business, that kind of nonsense would result in getting blasted.
    24 Sep 2012, 03:01 PM Reply Like
  • Metals are Precious
    , contributor
    Comments (713) | Send Message
     
    FOCAL

     

    I read somewhere that in the 70's we had close to 60 news agencies, now we are down to about 6 tops..Easy to control 6 rather than 60..

     

    Wish i kept the posting..

     

    map
    24 Sep 2012, 07:38 PM Reply Like
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