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  • In Barron's 2011 stock market outlook, strategists expect to see an average 10% rise in the S&P 500 and a sustainable economic recovery taking root. Stocks will outperform bonds, especially Treasurys. Companies sitting on cash piles will look towards M&A, R&D and shareholder-friendly moves.  [View news story]
    haha I can play that game!

    VNM EWT ECH???
    Dec 18 04:52 PM | Likes Like |Link to Comment
  • Jeff Gundlach paints a frightening picture of massive U.S. problems: chart after scary chart of mounting debt, a declining dollar, and a wrecked economy. If you want any sleep tonight, better not read this.  [View news story]
    I wonder if Argentina had as much forewarning their economy was going to collapse as we do, and if they cared as little as our fellows do...
    Dec 18 07:38 AM | Likes Like |Link to Comment
  • If history holds, Time's selection of Mark Zuckerberg as Person of the Year marks a top in the value of Facebook - $56B? $200B? - Barry Ritholtz suggests, noting the 1999 cover of Jeff Bezos that marked the high point in Amazon’s (AMZN) stock for the next decade.  [View news story]
    I'd tend to agree, I already think Facebook is vastly overvalued and not making it public may or may not pay off....
    Dec 17 05:51 PM | Likes Like |Link to Comment
  • Recent fund flow data could be an indication that retail investors are warming up to equities, but 54% of investors with at least $100,000 say in a recent survey that they will never feel comfortable investing in the stock market again.  [View news story]
    It's ok if they were fair weather investors and want to bugger out. It's likely they were getting fleeced over and over by the big guys. Let them find other ways to safeguard their wealth. Stocks are not the only appreciating asset class in the world.
    Dec 17 10:29 AM | Likes Like |Link to Comment
  • The EU broadens its investigation into Google (GOOG), accepting two additional complaints from Germany, one involving newspaper and magazine publishers and the other, a mapping company. By taking the cases, the EU gains access to evidence already collected by authorities in Germany, where more than 80% of computer users rely on Google for searching.  [View news story]
    I fail to understand what kind of abuses Google is expected to have conducted. Seems like a case of beating up on a successful company.
    Dec 17 10:21 AM | Likes Like |Link to Comment
  • In the tax cut extension passed in the House last night, private equity firms and hedge funds win their battle against carried interest provisions that would have taxed their earnings at ordinary income rates rather than as capital gains. But small businesses lose their push for 1099 relief that would have eased the requirement to issue IRS forms to vendors receiving $600 or more in a year.  [View news story]
    Hedge Funds/Private Equity = +1,

    Small Business = -1

    This administration keeps pushing further and further to the right.
    Dec 17 10:16 AM | Likes Like |Link to Comment
  • A possible government shutdown is looming at midnight Saturday as Senate Republicans and Democrats ratchet up a standoff over a $1.1T spending bill. Republicans propose a bill to fund the government through mid-February - when they'll have more members; Democrats say they'll have none of it.  [View news story]
    Rome being the famous case, I'd also suggest the parallels between the US and Argentina (once the world's 5th richest nation) are just as striking, as are the parallels between the US legislative and tax codes and those of ancient Byzantium just before its fall...
    Dec 17 08:41 AM | Likes Like |Link to Comment
  • It's a great time to be rich: If the tax-cut extension becomes law, the next two years will be the best in living memory for many wealthy Americans to shield their income and fortunes. Reagan would be proud, Robert Reich writes.  [View news story]
    Hey Furioso,

    You're welcome to take your "prosperity" and start running as fast as you can, because there's more of them.

    And they vote.
    Dec 17 07:58 AM | Likes Like |Link to Comment
  • Ron Paul says he plans to use his new position atop a House subcommittee that oversees monetary policy to gain more support for his movement to audit the Fed's operations. "The popularity of the Fed has changed. They’re being challenged from all angles right now... It isn’t so much what I will do. It’s going to be that these policies are doomed to fail."  [View news story]
    That's the best strategy, CYA and forget about everyone else!
    Dec 16 03:07 PM | Likes Like |Link to Comment
  • Markets get a boost from the Fed POMO - the central bank buys $6.78B in Treasurys, of $22.084B submitted by dealers - and the Dow (+0.3% to 11,489) joins other major indexes in the positive. S&P 500 +0.4% to 1,240; Nasdaq +0.6% to 2,633. Bonds slip again: the 10-year Tsy yield +0.04 to 3.56%; 5-year +0.05 to 2.15%.  [View news story]
    Year-end bonus money!
    Dec 16 01:00 PM | Likes Like |Link to Comment
  • Morgan Sze, head of Goldman's (GS) prop trading desk, is said to be setting up a 20-30 member team to start a Hong Kong-based hedge fund that's expected to raise more than $1B. The multi-strategy fund would be one of the biggest in Asia.  [View news story]
    Yeah yeah, get out of the US there's no money here... anymore...
    Dec 16 12:51 PM | Likes Like |Link to Comment
  • A slowdown (stoppage?) in commercial real estate construction in the next 1-3 years will cut supply and raise values, Sam Zell says, forecasting little prospect for new building other than apartments: "When the buildings fill, then pretend and extend is over."  [View news story]
    That fact that it now exists again is a far cry from it being loose or available. I don't know if the word "cranking" is right...
    Dec 15 05:33 PM | Likes Like |Link to Comment
  • German interest rates have started to rise as its balance sheet is "contaminated" by the peripheral countries in need of bailouts, according to Mohamed El-Erian. Maybe so, but El-Erian fails to note that rates have spiked all over the planet. Who really knows what's at work.  [View news story]
    Lots of pressure on Germany to give up Euro, did I hear right on Bloomberg today 90% of the population wants to exit?
    Dec 15 05:31 PM | Likes Like |Link to Comment
  • China raises taxes on the export of rare earth metals for 2011 beyond the existing 15%-25% rates. U.S. vulnerability to rare earths is a growing concern, and a new report says it could take 15 years to break dependence on Chinese supplies. But economist Ed Dolan sees a bubble: rare earths aren't really that rare, and companies are finding alternatives.  [View news story]
    Can't wait to see what happens when China controls even more of the worlds commodities.
    Dec 15 02:12 PM | Likes Like |Link to Comment
  • The de facto rate tightening of recent weeks is unsustainable, Jeff Gundlach says, and the U.S. economy "can't handle" much more of it. Yet deflation remains more likely than inflation in the next two years, he says, and the current bond sell-off is a buying opportunity: “This is not the time to be selling bonds and buying stocks. This is the time to do the opposite.”  [View news story]
    It will be awfully hilarious if POMO which is intended to sustain the economy and avoid deflation ends up via the "de facto rate tightening" pushing us into the double dip everyone expects us to avoid...
    Dec 15 09:50 AM | Likes Like |Link to Comment