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  • Dennis Gartman fires up another prediction for gold, saying this time that the bear market is here after an 11-year run of higher prices. He finds the progression of lower highs and the "confirmation" that the new interim low is below the previous low is all the evidence he needs to see. "We have the beginnings of a real bear market, and the death of a bull."  [View news story]
    [roflol]
    Dec 13, 2011. 10:53 PM | Likes Like |Link to Comment
  • Fed Open Market Committee: Next verse, same as the last: No change to benchmark rate plans (to freeze them near zero until mid-2013). Twist continues as the central bank extends average maturity of holdings. Evans dissents again, wanting more easing.   [View news story]
    Yes, Mark Knopfler was the lead guitarist and vocalist for Dire Straits.
    Dec 13, 2011. 03:44 PM | Likes Like |Link to Comment
  • Fed Open Market Committee: Next verse, same as the last: No change to benchmark rate plans (to freeze them near zero until mid-2013). Twist continues as the central bank extends average maturity of holdings. Evans dissents again, wanting more easing.   [View news story]
    Dire Straights was right so long ago:

    "Money for nothing and chicks for free..."
    Dec 13, 2011. 02:41 PM | Likes Like |Link to Comment
  • Dennis Gartman fires up another prediction for gold, saying this time that the bear market is here after an 11-year run of higher prices. He finds the progression of lower highs and the "confirmation" that the new interim low is below the previous low is all the evidence he needs to see. "We have the beginnings of a real bear market, and the death of a bull."  [View news story]
    When the gold bugs finally accept that the world is not going to end anytime soon and that the Central banks have a lot more ammunition to keep everything afloat, gold will return to a normal valuation (probably below $1,000/oz).
    Dec 13, 2011. 01:43 PM | 1 Like Like |Link to Comment
  • Plantronics (PLT -1.1%) takes a quick dive in the wake of the NTSB's recommendation to ban all portable electronics devices from cars. The company is the major maker of telephone headset systems.   [View news story]
    "...NTSB's recommendation to ban all portable electronics devices from cars."
    =====
    Which has zero chance of ever being implemented and even if it did, would be roundly ignored.
    Dec 13, 2011. 01:40 PM | Likes Like |Link to Comment
  • Chinese inflation slows to 4.2% in November from 5.5% previously and against expectations of 4.4%. The soft number will do nothing to stand in the way of Beijing continuing to loosen monetary policy. Hong Kong -1.7% and Shanghai flat following the sharp downturns in the West earlier today.   [View news story]
    Ha ha.

    Do they drop the 1 off of inflation numbers in China? Or only count a limited subset of products like in the USA which excludes food and energy in core (official) figures?
    Dec 8, 2011. 09:40 PM | 1 Like Like |Link to Comment
  • AT&T (T) CFO John Stephens says his company "will continue to pursue" its deal to buy T-Mobile (DTEGY.PK) despite regulatory opposition. AT&T plans to use $10B in cash it had accumulated on its balance sheet to close the deal, plus it has a $20B bridge and an $8B backup in place - "so we clearly have an ability to close the deal very quickly and have those resources."   [View news story]
    This means that they are going to continue to grease palms in the government in the hopes that they can buy enough votes to get the approval to continue trying to rebuild their monopoly that they think they deserve.

    Let's hope they don't succeed. We don't need less competition in the cell phone market. We need more!
    Dec 7, 2011. 05:36 PM | Likes Like |Link to Comment
  • Gold may be losing some of its luster, says Dennis Gartman. We've reached a point of uncertainty here, and with many portfolio managers behind versus their benchmarks we may be facing an end-of-year long liquidation in the yellow metal as hedge managers move out of the metals towards an overweight in stocks. (video)   [View news story]
    I thought gold's value was as 'end of the world' insurance?

    But doesn't look Bernanke and the FED are going to let 'the end of the world' happen anytime soon. :)
    Dec 5, 2011. 10:41 PM | Likes Like |Link to Comment
  • Internet companies face a roadblock in India after the government asks websites to screen user submissions for inflammatory and defamatory content before it goes online. Though execs for Microsoft (MSFT +1.9%), Yahoo (YHOO +0.1%), and Facebook are meeting today with India's acting telecommunications minister, a solution looks tough with the government's current demand that human beings screen the massive amount of content the firms generate, not technology.  [View news story]
    Though execs for Microsoft (MSFT +1.9%), Yahoo (YHOO +0.1%), and Facebook are meeting today with India's acting telecommunications minister, a solution looks tough with the government's current demand that human beings screen the massive amount of content the firms generate, not technology.
    --------
    Why? India has an excess of unemployed humans. This would be a perfect make work platform!

    Maybe we could export this model to the USA to help all the unemployed?
    Dec 5, 2011. 01:08 PM | Likes Like |Link to Comment
  • The pressure got to Italian welfare minister Elsa Fornero who broke down in tears at a press conference announcing pension reforms, including a raise in the retirement age and the scrapping of cost of living adjustments for many. Of note is the austerity measures were all loaded into an emergency decree, meaning they go into effect before parliamentary approval.   [View news story]
    Of course it doesn't make sense! But you have three constituencies to tame if you want to stop this:

    1. Granny and the family - Granny wants to live as long as possible and the family usually supports her (unless she has a large estate to split up).

    2. The medical establishment which makes huge profits off of final days care.

    3. Major religions which believe and encourage people to survive as long as possible, even if you have to feed them with a spoon and they can't get out of bed.

    Good luck....
    Dec 4, 2011. 11:20 PM | 1 Like Like |Link to Comment
  • The pressure got to Italian welfare minister Elsa Fornero who broke down in tears at a press conference announcing pension reforms, including a raise in the retirement age and the scrapping of cost of living adjustments for many. Of note is the austerity measures were all loaded into an emergency decree, meaning they go into effect before parliamentary approval.   [View news story]
    There is no lunch at all IF the intent of setting a retirement age is to work people as close to their time on Earth as possible!

    You people can talk about raising the retirement age all you want but that will remain a non sequitur as long as companies refuse to consider anyone over 55 for their open positions.

    OK, maybe government can spend some money to help older people use their knowledge and start a business (if companies won't hire them)? Yeah, I thought you would like that idea! [roflol]
    Dec 4, 2011. 11:14 PM | Likes Like |Link to Comment
  • Ambrose Evans-Pritchard sums up the EU impasse with one word: Merkel. For now, while insisting on increased power to police the budgets of sinner states, she offers precious little in return. In the end, he writes, "we may just have to hunker down yet again and wait for Germany to blink at last, or detonate the fuse."   [View news story]
    Businessweek
    Opening Remarks
    November 30, 2011

    Will Angela Merkel Act, or Won't She?
    Germany's Chancellor has her reasons for insisting on severe measures to resolve Europe's economic crisis, but while she stalls, further damage is being done

    http://buswk.co/u2vF96
    Dec 4, 2011. 11:07 PM | 1 Like Like |Link to Comment
  • Russians are voting in elections for the State Duma today, with opinion polls indicating that despite limits on opposition parties and press freedoms, the share of the vote for Vladimir Putin's United Russia party will fall to 53%. This would deprive it of the seats it needs to change the constitution unchallenged.   [View news story]
    They already know the final result before the voting is finished - 53%! That sounds like a pretty exact number to predict...
    Dec 4, 2011. 01:45 PM | Likes Like |Link to Comment
  • You're always safe in the market in the third year of a presidential term, right? Even with a post-Thanksgiving lift (bringing the S&P 500 to a 1.1% YTD gain from the prior week's 6% loss), that truism is in danger of failing for the first time since the Great Depression.   [View news story]
    All of these 3rd year presidential cycle stuff is of course base don being invested in the S&P500 index for the full year. Which few people are.
    Dec 3, 2011. 01:18 PM | 2 Likes Like |Link to Comment
  • Well, it's better than zero: Small businesses were hiring in November for the first time in months, based on a first look at the NFIB's monthly survey to be released Dec. 13. Owners increased employment an average of 0.12 workers per firm, the first positive reading in nearly half a year, and the percentage of owners cutting jobs has returned to "normal" levels.   [View news story]
    Maybe that is just temp retail jobs for the holiday season?
    Dec 2, 2011. 10:43 PM | Likes Like |Link to Comment
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