G20 financial leaders will reportedly consider a proposal to reduce public debt to below 90% of GDP when they meet in Washington this week. The EU, whose average debt is already at 90% - notwithstanding the crisis in the periphery - wants the G20 to cut even further, and has a target of 60% for its members. A major problem with any these aims is Japan's ratio of over 200%. [View news story]
The chains of a habit like debt are to light to be felt until they are too heavy to be broken
Argentine President Kirchner’s takeover of YPF to trim energy imports is backfiring and threatening to narrow the country’s trade surplus needed to pay debt, according to a Bloomberg report. One year after the nationalization, output is flat and foreign investment needed to tap the world’s third-largest shale deposit hasn’t materialized. Meanwhile, energy imports may reach a record $15B. [View news story]
Historically socialism has always proven to be failed policy regardless of origin.
JPMorgan's Tom Lee - who turned bearish early this year before turning bullish by January's end - turns bearish again, seeing no catalyst for further gains, but plenty of "vulnerability" to downside surprises. Better entry points for new money, he says, will be found later in H1. Where can we apply for this job? [View news story]
useless as "tits on a bull", like all the other so called 'strategists" on the street.
"Apple's (AAPL) glory days are now behind it," said FBN's Shebly Seyrafi on Thursday morning with the stock at $450. On Sept. 13 - the day after the iPhone 5 launch and the shares at $680 - Seyrafi reiterated a Buy rating and boosted his price target to $1,000. (FBN now maintains an Outperform on Apple with a lowered target of $650.) [View news story]
Once again highlighting the value of most sell side research....priceless!
Financials add to the regular session's big gains as Meredeth Whitney gets bullish on the sector, particularly Bank of America, Citigroup, and Discover. The catalyst for the group will be the March release of the Fed's stress tests showing them adequately capitalized, paving the way for more share repurchases and dividend bumps. BAC +2.1%, C +0.5%, DFS +2.3%, XLF +0.4% AH. [View news story]
Post-election, small business owners turn their most pessimistic since Q3 2010, according to the Wells Fargo Small Business Index. The gauge dove 28 points to -11 in a survey conducted Nov. 12-16. "This is an eye-opening drop in optimism," says Wells' Marc Bernstein. [View news story]
little surprise.....socialism has never proved successful.
32% of respondents to ChangeWave's September North American survey said they're "very likely" (19%) or "somewhat likely" (13%) to buy the iPhone 5 (AAPL) - that's up from the 21.5% who showed interest in the iPhone 4S in an Oct. '11 survey. Meanwhile, just 2% said they're "very likely" to buy a Windows Phone 8 device, while another 7% said they're "somewhat likely." The iPhone has been gaining share against Android in the relatively saturated U.S. even as the opposite holds for some other markets. [View news story]
32% of respondents to ChangeWave's September North American survey said they're "very likely" (19%) or "somewhat likely" (13%) to buy the iPhone 5 (AAPL) - that's up from the 21.5% who showed interest in the iPhone 4S in an Oct. '11 survey. Meanwhile, just 2% said they're "very likely" to buy a Windows Phone 8 device, while another 7% said they're "somewhat likely." The iPhone has been gaining share against Android in the relatively saturated U.S. even as the opposite holds for some other markets. [View news story]
Plato said it best some 1500 years ago, "the masses are incurably ignorant", and that has never been as true as it is today. How so many, with little if any savings, can continue to fall prey to our "debt fueled consumer society" escapes me.
A report ordered by Congress formally concludes that the FDA should limit the amount of salt in restaurants and package foods to lower the risk of heart disease. Sources indicate that the report is the jumpstart legislators need in order to initiate a comprehensive phase-down of the use of salt in the $600B food industry. [View news story]
Listen, at some point society must demand that people be held accountable for their own decisions. The last thing we need today is to continue to allow the State to add layer upon layer of unnecessary regulations that are successful, inevitably, at only driving up producer cost and consumer prices.
GM is paying Manchester United $559M for Chevrolet's 7-year sponsorship deal, the British soccer club said on Friday. That's more than double the amount reported and the existing fee paid by insurance broker Aon. While Chevrolet will only appear on United shirts from 2014-2015, United will start to receive financial benefits as soon as this year. (PR) [View news story]
GM wastes money like a drunkin' teenager with her first credit card.....
Don't trust this rally; it's a major bull trap, says currency analyst Christopher Vecchio. Pressures on global financial markets are too intense to support a sustained run in stocks right now. All it will take is just a few gusts of negativity to derail the entire train. [View news story]
S&P up 2.6% in the five days since my post with a breakout above the 50 day MA on rising RS. Our friend has more than likely now capitulated and curled up in the fetal position underneath his desk licking his wounds...
John Hussman remains bearish - reiterating his estimate of current prospective return/risk tradeoff remains as negative as he's ever seen - but he's keeping an open mind. "My impression is that further Fed easing will be relatively weak and surprisingly poorly received by the market, but in the event our own metrics improve materially, would respond with a constructive stance." [View news story]
translation: when I can't take the pain any longer of taking it in the @*#, I will capitulate as I have always done in the past...
"Don't underestimate what could happen here," says Mike Mayo of the regulatory risk to banks. Think of all Japanese banks have gone through, then add to that a government "going after" them, and you get the U.S. environment. He remains underweight the financial sector, with Wells Fargo (WFC) as his top pick. [View news story]
What do you get when you put Mike Mayo and Meredith Whitney market calls together, with one last round of capitulation for good measure? Give up?....... an ideal long term investment opportunity...
Don't trust this rally; it's a major bull trap, says currency analyst Christopher Vecchio. Pressures on global financial markets are too intense to support a sustained run in stocks right now. All it will take is just a few gusts of negativity to derail the entire train. [View news story]
Sounds like he's caught on the wrong side of the market to me...
Corinithian Colleges (COCO -14.3%) shoots lower as the company warns a "number of challenges" will keep earnings and revenue below that mark forecast by analysts. A major factor weighing on future enrollment is the loss of federal funding for students who don't have a high school diploma of GED. (Earlier: earnings) [View news story]
yep, all they had to do before is wheel them in, prop them up and encourage them to fog glass.....pretty good gig all right!
G20 financial leaders will reportedly consider a proposal to reduce public debt to below 90% of GDP when they meet in Washington this week. The EU, whose average debt is already at 90% - notwithstanding the crisis in the periphery - wants the G20 to cut even further, and has a target of 60% for its members. A major problem with any these aims is Japan's ratio of over 200%. [View news story]
Argentine President Kirchner’s takeover of YPF to trim energy imports is backfiring and threatening to narrow the country’s trade surplus needed to pay debt, according to a Bloomberg report. One year after the nationalization, output is flat and foreign investment needed to tap the world’s third-largest shale deposit hasn’t materialized. Meanwhile, energy imports may reach a record $15B. [View news story]
JPMorgan's Tom Lee - who turned bearish early this year before turning bullish by January's end - turns bearish again, seeing no catalyst for further gains, but plenty of "vulnerability" to downside surprises. Better entry points for new money, he says, will be found later in H1. Where can we apply for this job? [View news story]
"Apple's (AAPL) glory days are now behind it," said FBN's Shebly Seyrafi on Thursday morning with the stock at $450. On Sept. 13 - the day after the iPhone 5 launch and the shares at $680 - Seyrafi reiterated a Buy rating and boosted his price target to $1,000. (FBN now maintains an Outperform on Apple with a lowered target of $650.) [View news story]
Financials add to the regular session's big gains as Meredeth Whitney gets bullish on the sector, particularly Bank of America, Citigroup, and Discover. The catalyst for the group will be the March release of the Fed's stress tests showing them adequately capitalized, paving the way for more share repurchases and dividend bumps. BAC +2.1%, C +0.5%, DFS +2.3%, XLF +0.4% AH. [View news story]
Post-election, small business owners turn their most pessimistic since Q3 2010, according to the Wells Fargo Small Business Index. The gauge dove 28 points to -11 in a survey conducted Nov. 12-16. "This is an eye-opening drop in optimism," says Wells' Marc Bernstein. [View news story]
32% of respondents to ChangeWave's September North American survey said they're "very likely" (19%) or "somewhat likely" (13%) to buy the iPhone 5 (AAPL) - that's up from the 21.5% who showed interest in the iPhone 4S in an Oct. '11 survey. Meanwhile, just 2% said they're "very likely" to buy a Windows Phone 8 device, while another 7% said they're "somewhat likely." The iPhone has been gaining share against Android in the relatively saturated U.S. even as the opposite holds for some other markets. [View news story]
32% of respondents to ChangeWave's September North American survey said they're "very likely" (19%) or "somewhat likely" (13%) to buy the iPhone 5 (AAPL) - that's up from the 21.5% who showed interest in the iPhone 4S in an Oct. '11 survey. Meanwhile, just 2% said they're "very likely" to buy a Windows Phone 8 device, while another 7% said they're "somewhat likely." The iPhone has been gaining share against Android in the relatively saturated U.S. even as the opposite holds for some other markets. [View news story]
A report ordered by Congress formally concludes that the FDA should limit the amount of salt in restaurants and package foods to lower the risk of heart disease. Sources indicate that the report is the jumpstart legislators need in order to initiate a comprehensive phase-down of the use of salt in the $600B food industry. [View news story]
GM is paying Manchester United $559M for Chevrolet's 7-year sponsorship deal, the British soccer club said on Friday. That's more than double the amount reported and the existing fee paid by insurance broker Aon. While Chevrolet will only appear on United shirts from 2014-2015, United will start to receive financial benefits as soon as this year. (PR) [View news story]
Don't trust this rally; it's a major bull trap, says currency analyst Christopher Vecchio. Pressures on global financial markets are too intense to support a sustained run in stocks right now. All it will take is just a few gusts of negativity to derail the entire train. [View news story]
John Hussman remains bearish - reiterating his estimate of current prospective return/risk tradeoff remains as negative as he's ever seen - but he's keeping an open mind. "My impression is that further Fed easing will be relatively weak and surprisingly poorly received by the market, but in the event our own metrics improve materially, would respond with a constructive stance." [View news story]
"Don't underestimate what could happen here," says Mike Mayo of the regulatory risk to banks. Think of all Japanese banks have gone through, then add to that a government "going after" them, and you get the U.S. environment. He remains underweight the financial sector, with Wells Fargo (WFC) as his top pick. [View news story]
Don't trust this rally; it's a major bull trap, says currency analyst Christopher Vecchio. Pressures on global financial markets are too intense to support a sustained run in stocks right now. All it will take is just a few gusts of negativity to derail the entire train. [View news story]
Corinithian Colleges (COCO -14.3%) shoots lower as the company warns a "number of challenges" will keep earnings and revenue below that mark forecast by analysts. A major factor weighing on future enrollment is the loss of federal funding for students who don't have a high school diploma of GED. (Earlier: earnings) [View news story]