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Monthly Archives: April 2011

Sohu.com Smashes Estimates

For the quarter, net income attributable to Sohu.com was $44.81 million, higher than prior year’s $30.19 million. Earnings per share grew to $1.01 from $0.73 a year ago.

Adjusted net income, which excluded certain items, was $49.72 million, compared to $48.38 million last year, and earnings per share increased to $1.13 from $0.86 in the previous year.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.96 per share for the quarter. Analysts’ estimates typically exclude special items.

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Silver Spot Approaching $50

I know the JP Morgan short theory might be a tall one. However, with silver up more than $4 to $49+, one has to wonder who got caught short, since the metal is clearly parabolic.

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Japanese Refiner to Raise Prices by 20%+

Via Platts Oil:

Japan refiner JX is in talks with local customers to raise fuel oil prices 20%-22% from the Jan-Mar quarter because of higher oil prices

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Jim Grant: A Third Hidden Mandate Suggests QE3

Jim Grant believes the Fed will or must hold up the market. Some analysts asses the market will be in a correction mode given high unemployment, weak housing, and the anticipated ending of QE 2.

Therefor QE 3 is in order to continue the floating of asset prices…

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Libyan Oil Down for at Least 4 More Weeks

“We just finished the assessment, and we are in the process of mobilizing the repairs,” Bughaigis told reporters in Benghazi, the de facto capital of the rebel-held east. “We believe we need a minimum of four weeks to get back on stream.”

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China’s Train Wreck

“Rather than demonstrating the advantages of centrally planned long-term investment, as its foreign admirers sometimes suggested, China’s bullet-train experience shows what can go wrong when an unelected elite, influenced by corrupt opportunists, gives orders that all must follow — without the robust public discussion we would have in the states.”

Read the rest here.

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What to Expect Next Week

The bearded clam meeting and earnings of course:

“There will also be another gusher of corporate earnings reports, from about one third of the S&P 500 companies, including ExxonMobil [XOM  86.36   0.71 (+0.83%)   ]Coca-Cola [KO  67.88   0.03  (+0.04%)   ]Caterpillar [CAT  109.42   1.14  (+1.05%)   ]Norfolk Southern [NSC  66.27   -0.41  (-0.61%)   ] andAmazon.com [AMZN  185.89   2.02  (+1.1%)   ]. So far, about 75 percent of the companies reporting have beat earnings estimates.”

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Jim Rogers on Silver: If it hits triple digits in price this year, it could collapse the dollar

“Silver’s move “is not parabolic yet,” Rogers tells gurufocus.com. “I hope something stops it going up. All parabolic bubbles pop. All parabolic moves end badly. Maybe the U.S. dollar becomes confetti and silver goes to $150 — that would be a U.S. dollar collapse.”
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The Great Leap Forward 2.0

Is history repeating itself ? It seems that China’s industrial revolution is consuming farm land at a rapid clip. With an aging population, empty cities, and a potential housing bubble; does China really need to build so quickly.

Secondly, as they grow over valuable farmland will they then bid up world food prices being the most liquid bidder for limited resources?

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Smartphones, Lab Rats, and Intense Demographic Data Collection

Forget tracking your where abouts. Smartphones can reveal a lot more about you.

Smartphones can predict your behaviors, monitor cultural fads, notice a wave of political movements, and a bunch of things that seem almost impossible.

Guess this will all end up in individually targeted marketing and advertising…

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