Western intelligence agencies detected two nuclear weapons tests in North Korea during 2010; one or both of them may have been conducted for Iran, Welt Online says. The news may refute recent reports that the U.S. has no hard evidence of Iranian efforts to build a bomb. [View news story]
Problem: UN can't find evidence of nukes in Iran.
Solution: Leak a memo saying that North Korea made nukes for Iran. Who can argue the contrary?
Although it's not an ETF fund an investor can buy quite yet, a mock "fat guy" fund of companies selling beer, pizza, burritos, and chicken wings is racking up an impressive 6-month return. Holdings: DPZ +38.4%, CMG +30.2%, BWLD +45.8%, FMX +14.2%. [View news story]
Mercy: except that each burrito has approx. 1400 calories...
Gentex (GNTX) +5.9% premarket on a NYT report the U.S. government will announce that all passenger vehicles must include rearview cameras by 2014. Government statistics say 228 people, many of them children, die every year and ~17K are injured in backover accidents involving passenger vehicles. GNTX markets displays used in conjunction with rearview cameras in autos. [View news story]
Let's be realistic... anyone and their mom could put together a camera + LCD system for this purpose...
S&P cuts Greece's credit rating to SD - Selective Default - from CC following the country's insertion of retroactive collective action clauses into its debt. "The effect of a CAC is to bind all bondholders of a particular series to amended bond payment terms ... (it) materially changes the original terms of the affected debt." [View news story]
"The only thing that matters is the price of gas in California and New York," writes Bruce Krasting, and it's blowing out thanks to dependence on Louisiana crude (which tracks the world benchmark). Forget $4, $5 gas may be coming in states that have the majority of cars (and GDP). [View news story]
I think the word you're looking for is "weighted average"
G-20 officials discussed the threat to the global economy from rising oil prices, sources say, but the U.S. did not openly call for a release of countries' strategic oil reserves. On Friday, Geithner said the U.S. is considering a strategic reserves release as tensions with Iran push up oil prices. [View news story]
Because our politicians are short-sighted. Remember last year when we released SOR? Price dropped from 105 to 85 overnight. Six months later where was it? Back up to 100. So the U.S. is buying oil at $100 to fill up the tanks sold at $85....
Beautiful investment and an amazing structural, long-term change to the price of oil worldwide. Pat yourself on the back President Obama.
"We should wish for IBM's stock to languish throughout the (next) 5 years," writes Warren Buffett (BRK.A), explaining in one sentence a key to his market success. While most take comfort seeing stock prices advance, net buyers (either direct purchases or through ownership of firms buying back stock) benefit when prices swoon. Would a commuter rejoice after the price of gas increases just because his tank is full? (2011 annual shareholder letter) [View news story]
More on Apple's (AAPL) FQ1: 37.04M iPhones shipped vs. 30.2M consensus and 34M whisper number. 15.4M iPads vs. 13.2M consensus. 5.2M Macs vs. 5M consensus. 15.4M iPods vs. 15.5M consensus. Company guides for FQ2 revenue of $32.5B ($32B consensus) and EPS of $8.50 ($8.03 consensus), Apple to resume trading at 4:50 P.M. ET. (PR) [View news story]
They are far ahead of the U.S. - since we're broke.
"Greece, in March faces the immediate risk of a disorderly default," without additional rescue money, says PM Papademos, speaking to a group of business and union leaders. He also tells those assembled that Greeks must accept a fall in income to stay in the euro. [View news story]
It's official (at least according to Zero Hedge): The U.S. debt-to-GDP ratio now exceeds 100%. U.S. debt net of all settlements for already completed bond auctions today surpassed the latest annualized GDP figures, based on ZH's numbers. [View news story]
Commerzbank (CRZBY.PK) is leading European shares higher after a report of some fancy footwork that will allow the bank to get bailed out without it appearing so. The lender is negotiating with the government to transfer its real-estate saddled Eurohypo unit into a state-owned bad bank using clever accounting to make it seem a legitimate sale. Shares +4.6%. [View news story]
Greece's budget deficit widens to €20.5B through November, 5% higher than a year ago despite a raft of new taxes and collection efforts, as well as budget cuts. Spending rose 3% anyway, much of it due to a sharp boost in financing costs as government bond yields soared. Meanwhile, estimates for economic contraction continue to grow. The math isn't working in Athens. [View news story]
youngman, you did not see anything, please move along. No talking in the theatre.
Greece's budget deficit widens to €20.5B through November, 5% higher than a year ago despite a raft of new taxes and collection efforts, as well as budget cuts. Spending rose 3% anyway, much of it due to a sharp boost in financing costs as government bond yields soared. Meanwhile, estimates for economic contraction continue to grow. The math isn't working in Athens. [View news story]
Silver Wheaton Corporation: Price Target Remains At $100.00 [View article]
Western intelligence agencies detected two nuclear weapons tests in North Korea during 2010; one or both of them may have been conducted for Iran, Welt Online says. The news may refute recent reports that the U.S. has no hard evidence of Iranian efforts to build a bomb. [View news story]
Solution: Leak a memo saying that North Korea made nukes for Iran. Who can argue the contrary?
Although it's not an ETF fund an investor can buy quite yet, a mock "fat guy" fund of companies selling beer, pizza, burritos, and chicken wings is racking up an impressive 6-month return. Holdings: DPZ +38.4%, CMG +30.2%, BWLD +45.8%, FMX +14.2%. [View news story]
Gentex (GNTX) +5.9% premarket on a NYT report the U.S. government will announce that all passenger vehicles must include rearview cameras by 2014. Government statistics say 228 people, many of them children, die every year and ~17K are injured in backover accidents involving passenger vehicles. GNTX markets displays used in conjunction with rearview cameras in autos. [View news story]
S&P cuts Greece's credit rating to SD - Selective Default - from CC following the country's insertion of retroactive collective action clauses into its debt. "The effect of a CAC is to bind all bondholders of a particular series to amended bond payment terms ... (it) materially changes the original terms of the affected debt." [View news story]
"The only thing that matters is the price of gas in California and New York," writes Bruce Krasting, and it's blowing out thanks to dependence on Louisiana crude (which tracks the world benchmark). Forget $4, $5 gas may be coming in states that have the majority of cars (and GDP). [View news story]
G-20 officials discussed the threat to the global economy from rising oil prices, sources say, but the U.S. did not openly call for a release of countries' strategic oil reserves. On Friday, Geithner said the U.S. is considering a strategic reserves release as tensions with Iran push up oil prices. [View news story]
Beautiful investment and an amazing structural, long-term change to the price of oil worldwide. Pat yourself on the back President Obama.
"We should wish for IBM's stock to languish throughout the (next) 5 years," writes Warren Buffett (BRK.A), explaining in one sentence a key to his market success. While most take comfort seeing stock prices advance, net buyers (either direct purchases or through ownership of firms buying back stock) benefit when prices swoon. Would a commuter rejoice after the price of gas increases just because his tank is full? (2011 annual shareholder letter) [View news story]
More on Apple's (AAPL) FQ1: 37.04M iPhones shipped vs. 30.2M consensus and 34M whisper number. 15.4M iPads vs. 13.2M consensus. 5.2M Macs vs. 5M consensus. 15.4M iPods vs. 15.5M consensus. Company guides for FQ2 revenue of $32.5B ($32B consensus) and EPS of $8.50 ($8.03 consensus), Apple to resume trading at 4:50 P.M. ET. (PR) [View news story]
Yamana Gold: A Miner That Stands Out [View article]
"Greece, in March faces the immediate risk of a disorderly default," without additional rescue money, says PM Papademos, speaking to a group of business and union leaders. He also tells those assembled that Greeks must accept a fall in income to stay in the euro. [View news story]
It's official (at least according to Zero Hedge): The U.S. debt-to-GDP ratio now exceeds 100%. U.S. debt net of all settlements for already completed bond auctions today surpassed the latest annualized GDP figures, based on ZH's numbers. [View news story]
Commerzbank (CRZBY.PK) is leading European shares higher after a report of some fancy footwork that will allow the bank to get bailed out without it appearing so. The lender is negotiating with the government to transfer its real-estate saddled Eurohypo unit into a state-owned bad bank using clever accounting to make it seem a legitimate sale. Shares +4.6%. [View news story]
Greece's budget deficit widens to €20.5B through November, 5% higher than a year ago despite a raft of new taxes and collection efforts, as well as budget cuts. Spending rose 3% anyway, much of it due to a sharp boost in financing costs as government bond yields soared. Meanwhile, estimates for economic contraction continue to grow. The math isn't working in Athens. [View news story]
Greece's budget deficit widens to €20.5B through November, 5% higher than a year ago despite a raft of new taxes and collection efforts, as well as budget cuts. Spending rose 3% anyway, much of it due to a sharp boost in financing costs as government bond yields soared. Meanwhile, estimates for economic contraction continue to grow. The math isn't working in Athens. [View news story]