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KJP712

KJP712
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  • Market Notes: British Pound Weighing In -- April 26 [View instapost]
    Excellent article on a very interesting person.Looking forward to all future instablogs.I just started writing in Feb 2013 and never find it boring. A self-taught investor/trader who also loves the Market.Congrats on your success.
    Apr 28, 2013. 07:38 PM | Likes Like |Link to Comment
  • It's Almost May, So Go Away [View article]
    The Beach is over-rated and too crowded.I think I will trade all summer and then take off in the Autumn.The boardwalk should be finished by then.
    Apr 25, 2013. 11:29 PM | 1 Like Like |Link to Comment
  • Contributing to a big reversal from early gains in Europe and in U.S. futures is a rumor Societe Generale (SCGLY.PK -4%) is in trouble. The CAC-40 (EWQ) is flat after being up about 1%. [View news story]
    Rumor comes from the Sell in May crowd.
    Apr 18, 2013. 01:00 PM | Likes Like |Link to Comment
  • Analysts at RBC Capital think credit downgrades for some top gold miners are a strong possibility. There's a “moderate probability” Barrick Gold (ABX -0.1%) could trigger a one-notch downgrade at $1,400 gold; at $1,300, Newmont Mining (NEM +1.9%) could get downgraded, and Kinross Gold (KGC +1.8%) could get cut right to junk status. TD Securities also offers similarly disturbing conclusions. (also[View news story]
    Working late at night to devalue gold stocks.An opportunity for future trades is in store.
    Apr 16, 2013. 01:56 PM | Likes Like |Link to Comment
  • March Retail Sales: -0.4% vs. +0.1% expected, +1% prior (revised). Ex-auto -0.4% vs +0.1% expected. [View news story]
    Too much snow on Easter.
    Apr 12, 2013. 09:53 PM | Likes Like |Link to Comment
  • The Final March Of The WalMart Greeter [View instapost]
    I miss the old guy at the door.
    Apr 12, 2013. 05:58 PM | Likes Like |Link to Comment
  • Dow Jones reporting Eli Lilly (LLY) to lay off around 30% of its U.S. sales force, which accounts for about 1,000 positions. [View news story]
    Another one thousand lost souls never to be counted in the job stats again.
    Apr 12, 2013. 12:32 AM | 3 Likes Like |Link to Comment
  • Portugal's Prime Minister Passos Coelho says he will not raise taxes in order to meet this year's budget target after a Constitutional Court struck down wage and pension cuts Friday (I, II). Instead, the government will seek to cut spending in other areas. An unnamed source suggested public sector employees may be paid in Treasury bills effectively "forcing them … to lend the Treasury the money the court said it couldn't cut from their paychecks." This notion was quickly dispelled by a government spokesperson.   [View news story]
    They still get paychecks? I thought you needed a job to get one of those.
    Apr 7, 2013. 09:34 PM | 1 Like Like |Link to Comment
  • Hit hard by a torrent of executive defections over the last 9 months, Zynga (ZNGA) is boosting the salaries of many top execs, while also providing huge cash bonus/stock grant incentives tied to the performance of Zynga's games, network, and adjusted EBITDA numbers. On the other hand, CEO/founder Mark Pincus, who still owns a giant chunk of Zynga, is lowering his salary to $1, and won't receive any bonus/equity compensation for 2013. (8-K[View news story]
    Some Tech executives change jobs frequently so they can get a new chair to sit on.
    Apr 4, 2013. 06:01 PM | Likes Like |Link to Comment
  • The expropriation of wealth that happened in Cyprus will happen everywhere, warns Marc Faber. Growing wealth inequality means that the wealthy have nowhere to hide and similar events like those in Cyprus will happen in more countries around the world, including developed nations, where wealthy people will lose part of their wealth, either through expropriation or higher taxation. "You have to be prepared to lose 20 to 30%," Faber says. "I think you're lucky if you don't lose your life." [View news story]
    Faber's videos preach the end of the World on a regular basis.That is why he has been wrong the last 3-4 years.But eventually he will be right,like Tommie Lee...
    Apr 3, 2013. 09:09 PM | 1 Like Like |Link to Comment
  • The expropriation of wealth that happened in Cyprus will happen everywhere, warns Marc Faber. Growing wealth inequality means that the wealthy have nowhere to hide and similar events like those in Cyprus will happen in more countries around the world, including developed nations, where wealthy people will lose part of their wealth, either through expropriation or higher taxation. "You have to be prepared to lose 20 to 30%," Faber says. "I think you're lucky if you don't lose your life." [View news story]
    Following Faber's Gloom and Doom playbook the last 4 years has left you out in the cold as the Market rallied.The nervous laughter in the videos sounds like whistling past the graveyard late at night.
    Apr 2, 2013. 10:13 PM | 4 Likes Like |Link to Comment
  • Verizon (VZ) doesn't "currently have any intention to merge with or make an offer for Vodafone (VOD), whether alone or in conjunction with others," the telco announces, addressing an FT report about a possible joint bid with AT&T (T). Verizon does reiterate it "would be a willing purchaser" of Vodafone's 45% stake in Verizon Wireless, but that's pretty well-known. VOD -3.9% AH. VZ -0.8%. T -0.3%[View news story]
    Verizon will pay,one way or another.Might a bidding war start for that stake?
    Apr 2, 2013. 10:04 PM | Likes Like |Link to Comment
  • Cramer's Mad Money - 3 Cypriot Scenarios (3/27/13) [View article]
    If Herb Greenberg is worried,so am I....
    Mar 30, 2013. 01:00 AM | Likes Like |Link to Comment
  • GM (GM) reckons it can save $200M a year by improving the resale value of its cars and therefore reduce the costs of lease deals, as monthly payments are based on the residual values of the vehicles at the end of their leases. "Residual values...are the ultimate acid test of whether the vehicle has been successful," says GM's Alan Batey. [View news story]
    Bring back the Saturn brand.Whoever's idea to discontinue it was stupid.Ego will bring down this company again in the long run.
    Mar 29, 2013. 09:46 PM | Likes Like |Link to Comment
  • Capital control decree from Cyprus via WSJ: Cashing of checks is suspended and depositors will not be able to redeem time deposit accounts before maturity. Credit card transactions are capped at €5K/person/month. €3K of cash is allowed out of the country/person/trip. From the Department of You Can't Make This Stuff Up: No restrictions on making deposits or opening new accounts. The decree is valid for 7 days. Who wants the under on that one? [View news story]
    Rent is due on the first.But do not worry as the Landlord will be standing in a queue just like everyone else.
    Mar 27, 2013. 09:05 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
452 Comments
402 Likes