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  • July Consumer Confidence: 65.9 vs. 61.5 expected, 62.7 (revised from 62.0) prior. Expectations 79.1 vs. 73.4 prior. Present Situation 46.2 vs. 46.6 prior.  [View news story]
    NO QE
    Jul 31, 2012. 10:14 AM | 4 Likes Like |Link to Comment
  • The Treasury raises its estimate for Q3 borrowing $11B to $276B, citing higher spending and less tax revenue than expected (as well as the Fed's Twist). Q2 borrowing summed to $172B and $316B is expected at Q4.  [View news story]
    Less tax revenue huh??
    Jul 30, 2012. 03:25 PM | Likes Like |Link to Comment
  • July Texas Fed Manufacturing Outlook: Business Activity Index -13.2 vs. consensus of 2.5, 5.8 prior. Manufacturing production 12.0 vs. 15.5 prior. New orders 1.4 vs. 7.9. Capacity utilization 8.7 vs. 13.3. Shipments 9.6 vs. 7.4. Employment 11.8 vs. 13.7.  [View news story]
    Can't be good for upcoming ISM.
    Jul 30, 2012. 10:52 AM | 1 Like Like |Link to Comment
  • July Reuters/UofM Consumer Sentiment: 72.3 vs. 72.0 expected and 72.0 prior.  [View news story]
    GDP says that number should be over 76.

    One of these numbers appears to have been massaged.

    Hmm, which one?
    Jul 27, 2012. 10:15 AM | Likes Like |Link to Comment
  • Deflation in Japan accelerated in June, as the country's core CPI fell 0.2% Y/Y, compared to a 0.1% dip in May. The drop outpaced the 0.1% decline projected by economists. June's core CPI was down 0.3% from May, while overall CPI fell 0.2% Y/Y and 0.5% M/M. Furniture and household utensils saw the largest price drop, falling 3.4%, while fuel, light and water led price gains, rising 3.5% from June of the prior year. The yen slid after the data release, slipping to ¥78.32 just after the numbers.  [View news story]
    Asset deflation is accelerating everywhere.

    Food and energy inflation are accelerating everywhere.

    That's backards.

    Shirley, another round of QE will do it this time 'cause this time is differnt!
    Jul 26, 2012. 11:13 PM | 1 Like Like |Link to Comment
  • Mario Draghi may have given us the perfect opportunity to cash in on some gains, says Mad Money's Jim Cramer. After Draghi said he will preserve the euro and the big sovereign bond markets "by any means necessary," the markets shot higher. Every asset that investors had just given up on was suddenly roaring. But move fast, Cramer warns, because this kind of optimism never lasts. Germany’s “iron chancellor,” Angela Merkel, will always be there to “pull the rug from underneath.”  [View news story]
    It's been made pretty clear the only control Draghi has over anything is maybe his bladder, if that.
    Jul 26, 2012. 08:56 PM | 1 Like Like |Link to Comment
  • Cash America (CSH -18.7%) suffered a double dose of disappointment today, posting weaker-than-expected Q2 earnings and pulling a $500M IPO of its online lending arm. The pawn and payday lender blamed the volatile markets for pulling the IPO of its Enova International unit and said it is "reserved" about expectations for the rest of 2012.  [View news story]
    Do the recession watchers have a formula to plug in for when people run out to pawn?

    If so, now is the time to use it.
    Jul 26, 2012. 05:29 PM | Likes Like |Link to Comment
  • More on Facebook's Q2: Monthly active users (MAUs) were 955M at end of June, +6% Q/Q and +29% Y/Y. Mobile MAUs were 543M, +11% Q/Q and +67% Y/Y. Ad revenue +14% Q/Q and +28% Y/Y (was 37% in Q1), 84% of total. Payments revenue +3% Q/Q (no Y/Y data), indicating a major slowdown. Capex +213% Y/Y to $413M. Operating cash flow of $129M, -47%. R&D and sales/marketing expenses up significantly. FB reverses course, now -8.7%. ZNGA -4.6%. (PR; call transcript)  [View news story]
    MAU is BS, there is no way to accurately track it, if you ever were a user of FB your still counted as an active user.

    Now, you have a conflict between mau's, and ocf that should not be there.

    The best thing to do here is unwind this whole thing before somebody gets hurt.

    Fortunately for MZ, he didn't create FB, the GOV'T DID, according to the hric.

    So, it's their problem... LOL!!!
    Jul 26, 2012. 04:47 PM | 4 Likes Like |Link to Comment
  • NovaGold (NG -21.2%) shares plunge after Barrick Gold (ABX) indicates it may not invest significantly in the jointly-owned Donlin gold deposit because of the large initial capital investment required to launch it. ABX did add that Donlin represents a "valuable long-term opportunity" and would advance permitting activities at the site at reasonable costs.  [View news story]
    Code for: we're broke, spent all the capex funds years ago.
    Jul 26, 2012. 11:51 AM | 2 Likes Like |Link to Comment
  • More on Draghi: "Whatever is necessary" seems like a barely concealed promise to buy eurozone sovereign debt, writes Alen Mattich. Is this a promise he can keep? Legally, yes, concludes Mattich. Politically, there will be the Germans to overcome.  [View news story]
    Here comes the fade.
    Jul 26, 2012. 09:41 AM | Likes Like |Link to Comment
  • More on Apple's FQ3: The company is guiding for FQ4 revenue of $34B and EPS of $7.65, below a consensus of $38B and $10.22. iPhone sales miss consensus, iPads beat. Gross margin of 42.8%, down 460 bps Q/Q (due to mix shift towards iPads) and up 120 bps Y/Y.  6.8M iPods sold, -10% Y/Y. Americas revenue +26%, Europe +16%, Japan +33%. Asia-Pac (led by China) +25% Y/Y but -22% Q/Q. Retail +17% Y/Y. $2.65/share dividend declared. CC at 5PM ET (webcast). AAPL -4.9% AH. (PR)  [View news story]
    Pretty sure that's where it's headed.
    Jul 24, 2012. 04:56 PM | Likes Like |Link to Comment
  • July Richmond Fed Mfg. Survey: -17, vs. -1 expected, -3 previous.  [View news story]


    Jul 24, 2012. 10:36 AM | Likes Like |Link to Comment
  • "Stockton Plan: Make Bondholders Feel Pain," reads the title of a Bond Buyer story on the bankrupt California city. The town's play to slash debt payments has so far gone nowhere during negotiations with creditors. "If Stockton does get relief from bondholders," says strategist Dan Heckman, "that would be disturbing to the muni bond market."  [View news story]
    I'll bet Meridith Whitney now charges the media outlets a veritable ass load just to look in her general direction..
    Jul 24, 2012. 07:49 AM | 1 Like Like |Link to Comment
  • Spain's three-month short-sale ban - following a similar ban in Italy on shorting financials - shows the countries succumbing to a "Siren song," Steve Goldstein says: almost irresistible, despite the damage to come. Beyond the quick gain, the drop in liquidity isn't worth it - and it's not shorting that's at fault, it's Europe's debt crisis. "That said, even a doctor facing an incurable cancer must obey the Hippocratic oath: First, do no harm."  [View news story]
    So, you want to ban the longs too? They're sellers also..

    Let's take the kindergarten attitude right to it. You have to ban ALL sellers for this to work. That's why ss bans don't work.

    The longs are still going to sell, the stock will end up 50% lower, and there will be NO new buyers, because "entry points" can no longer be created.

    The fastest way to kill a market is to ban the price discovery side of it. Then they will be trying to figure out why the ss ban is not working. OMG!! It's still going down!?!?! But, but, we banned the shorts!!!!
    Yes, but, you forgot to ban the longs from simple selling... Retard..
    Jul 23, 2012. 12:07 PM | 2 Likes Like |Link to Comment
  • AT&T (T) has reached 3-year deals with the Communications Workers of America (CWA) that cover over 18,700 employees. The CWA claims the deals, which include annual wage and pension increases, don't feature any major concessions on its part. A deal was reached with 8,800 CWA workers in April (PR)  [View news story]
    Will anyone teach the 18000 how perform the task?

    Out of the 50 or more i have had the displeasure of dealing with, it is certain they don't know what their doing.

    So, by all means. up their pay and pensions, i will fix my AT&T issues myself, as usual.
    Jul 23, 2012. 11:55 AM | 1 Like Like |Link to Comment