Please relax dude. I think the market might go up this week a bit. The overall trend for the spring does not look good though until Been Ber"bank"e steps in and kicks the can down the road some more.
Chesapeake Energy (CHK): Q1 EPS of $0.18 misses by $0.10. Revenue of $2.42B (+50.1% Y/Y) misses by $290M. Revises its capex budget for drilling and completion costs to $7.5B-$8B from $7B-$7.5B in 2012 and $6.5B-$7B from $7.5B-$8.5B in 2013. Shares -1.8% AH. (PR) [View news story]
My co-workers, who are in their mid-60's have recently bought APPLE products. I see APPLE stores teeming with people. This pullback is a joke. Wait and see their revenue when they report. This stock will see 1000 before it sees 500.
Here's a bullish sign for the economy: Wealthy Americans are more optimistic about the economy than any time in the last year, according to the March reading of the Mendelsohn Affluent Barometer. The Barometer studies the lifestyles and spending habits of today’s affluent Americans. 50% of respondents interviewed think they personally will be better off 12 months from now. That's a 12% jump since January and its highest reading in over a year. [View news story]
Chesapeake Looks Likely To Outshine Energy Producing Peers [View article]
I voted him off the board but the game is rigged. I've yet to come up with a worse CEO. Maybe Skilling and Lay...but few are worse than McClendon. He's absolutely destroyed the wealth of shareholders in this company.
Latest Inflation Data Show Little Sign That Gasoline Prices Are Derailing The Recovery [View article]
Most of these fuel sippers are expensive too. Do you not realize the epic increase in price in used cars and rent around the country. Not to mention the increase in food and electricity. Probably not...you don't have to worry about that.
George Soros once said markets have a way of predicting the future because they create it. The 10-year Treasury yield just dropped below 2% again, a near 30-point decline in a handful of sessions since the Fed minutes squashed expectations for imminent QE. Falling equities and bond yields since that moment may change some minds at the FOMC. [View news story]
It's about sentiment now. This weeks earnings will tell us if the correction continues next week.
Mar. Nonfarm Payrolls: +120K vs. consensus of +201K, prior 227K. Unemployment 8.2% vs 8.3% expected. Average workweek 34.5 in-line with expectations. Average hourly earnings 0.2% in-line with expectations. [View news story]
Mar. Nonfarm Payrolls: +120K vs. consensus of +201K, prior 227K. Unemployment 8.2% vs 8.3% expected. Average workweek 34.5 in-line with expectations. Average hourly earnings 0.2% in-line with expectations. [View news story]
Here in D.C. the Watergate Exxon is selling regular gas for $5.49 a gallon. That may be part of the reason hiring slowed.
Recession Forecast Reaffirmed [View article]
Recession Forecast Reaffirmed [View article]
Recession Forecast Reaffirmed [View article]
Cheers,
Stephen S.
US Army
The U.S.: Stuck In The Slow Lane For How Long? [View article]
The U.S.: Stuck In The Slow Lane For How Long? [View article]
Stocks Tumble On Jobs Report, Euro Worries [View article]
Chesapeake Energy (CHK): Q1 EPS of $0.18 misses by $0.10. Revenue of $2.42B (+50.1% Y/Y) misses by $290M. Revises its capex budget for drilling and completion costs to $7.5B-$8B from $7B-$7.5B in 2012 and $6.5B-$7B from $7.5B-$8.5B in 2013. Shares -1.8% AH. (PR) [View news story]
Yes, They Do: Low Interest Rates Do Make Stocks Cheap [View article]
Is The Stock Rally Over? [View article]
Here's a bullish sign for the economy: Wealthy Americans are more optimistic about the economy than any time in the last year, according to the March reading of the Mendelsohn Affluent Barometer. The Barometer studies the lifestyles and spending habits of today’s affluent Americans. 50% of respondents interviewed think they personally will be better off 12 months from now. That's a 12% jump since January and its highest reading in over a year. [View news story]
Chesapeake Looks Likely To Outshine Energy Producing Peers [View article]
Latest Inflation Data Show Little Sign That Gasoline Prices Are Derailing The Recovery [View article]
George Soros once said markets have a way of predicting the future because they create it. The 10-year Treasury yield just dropped below 2% again, a near 30-point decline in a handful of sessions since the Fed minutes squashed expectations for imminent QE. Falling equities and bond yields since that moment may change some minds at the FOMC. [View news story]
Mar. Nonfarm Payrolls: +120K vs. consensus of +201K, prior 227K. Unemployment 8.2% vs 8.3% expected. Average workweek 34.5 in-line with expectations. Average hourly earnings 0.2% in-line with expectations. [View news story]
Mar. Nonfarm Payrolls: +120K vs. consensus of +201K, prior 227K. Unemployment 8.2% vs 8.3% expected. Average workweek 34.5 in-line with expectations. Average hourly earnings 0.2% in-line with expectations. [View news story]