Some 70.4% of CEOs say they expect the U.S. economy to expand in the 2%-3% range this year, according to a survey. Jamie Dimon's (JPM) view seems to sum it up: "The health of the companies, both large and small, seems to be getting stronger all the time, and they have plenty of liquidity with which to grow and invest in the future." [View news story]
The strong will get stronger and the weak will die. The business cycle running its course. The US needs a better training program if its to stay strong.
The Gulf spill is not expected to impact crude oil futures, Rick Mueller of Energy Security Analysis says. The field "was not a production field and it was not a big field," but the disaster could weigh heavily on public perceptions about offshore drilling. [View news story]
Really, wait till the lawyers get ahold of this - drilling will never be the same.
Shares of oilfield equipment maker Cameron International (CAM -13.7%) slide on liability concerns after providing the blowout preventers for the Transocean (RIG -5.7%) rig in the Gulf of Mexico that caught fire and sank last week. Meanwhile, the spill could prompt the administration to rethink its offshore drilling plans. [View news story]
Energy sector/ natural resource extraction sector has faced poltical,environmental... public pressure for years. Raw material are becoming increasingly more difficult to produce. Right or wrong - policy that restricts supply will cause shortages. But I agree the stocks are subject to some short term punishment. Have done well with CNX. The cost of production is going higher.
Pimco won't be buying into Greek debt until there's a sustainable solution to the country's crisis, CEO Mohamed El-Erian says. Europeans need to understand "when you allow a crisis to fester it morphs and it morphs into something much more difficult to control." [View news story]
How long will it be, before they are saying that about US debt ??
Shares of oilfield equipment maker Cameron International (CAM -13.7%) slide on liability concerns after providing the blowout preventers for the Transocean (RIG -5.7%) rig in the Gulf of Mexico that caught fire and sank last week. Meanwhile, the spill could prompt the administration to rethink its offshore drilling plans. [View news story]
From Greek PM Papandreou's statement: "We inherited a boat ready to sink; a country without credibility; a country that had lost the respect of its friends and its partners; an economy exposed to the mercy and the appetite of the speculators... This is the moment. The time that was not granted to us by the markets, will be given to us by the support of the euro zone." [View news story]
Awsome pictures. Just reinforces my desire not to live near a volcano,next to a river, on the beach, at the base or on the side of a mountain, or next to a major fault : )
More from UPS: Raises full-year EPS guidance to $3.05-3.30 from $2.70-3.05, vs. $2.95. Consolidated revenue grew 7% in the first quarter, driven by international daily volume: Exports up more than 9%, non-U.S. domestic up more than 24%. U.S. domestic volume grew - less than 1%, but it's the first Y/Y growth in more than two years. [View news story]
I am a picky,cost conscience, shopper. I want the best deal, lots of variety, and delivered to my door.
As Monsanto Embraces Its 'New Normal', Shares Will Head Higher [View article]
Think longer term. Creating genes to improve the food supply to feed 6 plus billion people. The growth will be there On second thought - wasnt that said about real estate ?? : )
We may not be going back to 2006 anytime soon, but putting data points together from gasoline to luxuries to cargo suggests consumers are starting to climb out of their bunkers. [View news story]
The rebound has been very predictable and profitable. Business is good for those who have survived - both industry and labor. For those who still have jobs - life is good. Cheap everything(except food and energy). Tax refunds, spring weather, more normalized spending from the employed and govt stimulus have all added to this number. I view the economy as still in the bottoming mode. I know of too many small companies that are operating pretty much on cash flow. A small hiccup( too high interest rates, too high oil, sales staying flat, etc) will cause some major pain. Still too many land mines out there to be a bull and too many "green shoots" to be be a bear. Personally, Im sitting on cash( 60% stocks 40% cash) and waiting for more info and less landmines. After the last 2 years(Im 55), I have alot more respect for my cash : ) Its a buyers market and I will buy on my terms.
The Treasury sells $21B in 10-year notes at 3.9% (.pdf). Bid-to-cover ratio of 3.72 (highest ever) vs. recent 3.02; indirect bidders take 43.1% vs. recent 36.6%. Direct bidders took 16.3% vs. a recent 12.2%. Treasurys mostly held gains: 30-year yield -0.05 to 4.78%; 10-year -0.05 to 3.9%; 5-year -0.03 to 2.66%; 2-year -0.04 to 1.10%. [View news story]
The Feds "intent" and the resulting outcome aren't necessarily correlated. At some point, non-repayable debt will cause a "flation". World money travels in ways we cant imagine and there is no one group of people that can control it. Its like a pinball. It will find a way into the hole. Greece is setting the stage.
Doug Kass looks back over his call for the S&P 500 to end last year around 920: "I have been wrong." A Reuters poll finds investors and strategists forecast a 10% rise from the index's year-ending 1,115. [View news story]
ABC Consumer Comfort Index: An out-of-the-ordinary +6 to -43. But 90% of Americans rate the economy negatively, 54% are negative on their personal finances and 71% say it's a bad time to spend money. [View news story]
For me, the last 2 years have proven how frail,corrupt,fleeting... life can be. I am fortunate enough to still have my job of 28 years but that is subject to change at any week. I have prioritized all things dear to me and take nothing for granted. I have done all that I know to prepare for the worst and thats what gives me comfort.
The next best thing to being wise oneself is to live in a circle of those who are." - C.S. Lewis
Some 70.4% of CEOs say they expect the U.S. economy to expand in the 2%-3% range this year, according to a survey. Jamie Dimon's (JPM) view seems to sum it up: "The health of the companies, both large and small, seems to be getting stronger all the time, and they have plenty of liquidity with which to grow and invest in the future." [View news story]
The Gulf spill is not expected to impact crude oil futures, Rick Mueller of Energy Security Analysis says. The field "was not a production field and it was not a big field," but the disaster could weigh heavily on public perceptions about offshore drilling. [View news story]
Shares of oilfield equipment maker Cameron International (CAM -13.7%) slide on liability concerns after providing the blowout preventers for the Transocean (RIG -5.7%) rig in the Gulf of Mexico that caught fire and sank last week. Meanwhile, the spill could prompt the administration to rethink its offshore drilling plans. [View news story]
Pimco won't be buying into Greek debt until there's a sustainable solution to the country's crisis, CEO Mohamed El-Erian says. Europeans need to understand "when you allow a crisis to fester it morphs and it morphs into something much more difficult to control." [View news story]
Shares of oilfield equipment maker Cameron International (CAM -13.7%) slide on liability concerns after providing the blowout preventers for the Transocean (RIG -5.7%) rig in the Gulf of Mexico that caught fire and sank last week. Meanwhile, the spill could prompt the administration to rethink its offshore drilling plans. [View news story]
From Greek PM Papandreou's statement: "We inherited a boat ready to sink; a country without credibility; a country that had lost the respect of its friends and its partners; an economy exposed to the mercy and the appetite of the speculators... This is the moment. The time that was not granted to us by the markets, will be given to us by the support of the euro zone." [View news story]
A second volcano, Hekla, has reportedly begun erupting in Iceland, though it's not the "angry sister" Katla, which has been responsible for violent, weather-changing events. [View news story]
More from UPS: Raises full-year EPS guidance to $3.05-3.30 from $2.70-3.05, vs. $2.95. Consolidated revenue grew 7% in the first quarter, driven by international daily volume: Exports up more than 9%, non-U.S. domestic up more than 24%. U.S. domestic volume grew - less than 1%, but it's the first Y/Y growth in more than two years. [View news story]
As Monsanto Embraces Its 'New Normal', Shares Will Head Higher [View article]
On second thought - wasnt that said about real estate ?? : )
We may not be going back to 2006 anytime soon, but putting data points together from gasoline to luxuries to cargo suggests consumers are starting to climb out of their bunkers. [View news story]
Still too many land mines out there to be a bull and too many "green shoots" to be be a bear. Personally, Im sitting on cash( 60% stocks 40% cash) and waiting for more info and less landmines. After the last 2 years(Im 55), I have alot more respect for my cash : ) Its a buyers market and I will buy on my terms.
The Treasury sells $21B in 10-year notes at 3.9% (.pdf). Bid-to-cover ratio of 3.72 (highest ever) vs. recent 3.02; indirect bidders take 43.1% vs. recent 36.6%. Direct bidders took 16.3% vs. a recent 12.2%. Treasurys mostly held gains: 30-year yield -0.05 to 4.78%; 10-year -0.05 to 3.9%; 5-year -0.03 to 2.66%; 2-year -0.04 to 1.10%. [View news story]
Jumping into the Kinsley-Krugman debate, Felix Salmon says Kinsley needs to better explain why hyperinflation should be a concern: Among other things, monetary and fiscal policy should be pulling the same direction right now, and "to have any hyperinflation you need a maniac helming the printing press, and Ben Bernanke is not a maniac." [View news story]
Doug Kass looks back over his call for the S&P 500 to end last year around 920: "I have been wrong." A Reuters poll finds investors and strategists forecast a 10% rise from the index's year-ending 1,115. [View news story]
Initial Jobless Claims: -5K to 457K vs. 455K consensus. Continuing claims +12K to 4,579,000. [View news story]
ABC Consumer Comfort Index: An out-of-the-ordinary +6 to -43. But 90% of Americans rate the economy negatively, 54% are negative on their personal finances and 71% say it's a bad time to spend money. [View news story]
The next best thing to being wise oneself
is to live in a circle of those who are." -
C.S. Lewis