There is rumor of rumors involving the EU tossing in 150 billion Euros to the IMF to leverage. What ever the amount below 1 trillion euros; it will not be enough to impress markets.
Comments »Yearly Archives: 2011
Bank Values in Europe Fails to Attract Buyers and or White Knights
Global Markets Fluctuate; Asia Down, Europe Up, and U.S. Future Up Slightly
ECB Cuts Rates by 25 Basis Points…Futures and European Markets Lose Ground
Point and Click: Viral Charity Starts With You
Lexus is donating $5 for every red bow you give away on Facebook or Twitter. Send this to everybody you know.
Comments »Your Tax Dollars @ Work
Pump it up, pump the jam, keep it pumping
[youtube://http://www.youtube.com/watch?v=9EcjWd-O4jI&ob=av3e 450 300] Comments »HARASSMENT: MAKE AN EXAMPLE OF HER
Bloggers Are Not Journalists Cries Montana Judge
So this means a blogger has no shield such as journalists. Essentially you can be sued for defamation of character and misleading or damaging reporting.
Not to generalize a group of people, but i find many bloggers to be more truthful than mainstream media.
Comments »Cablevision Sues Verizon for Damaging Commercial Campaign
Give It Some Time; Type 5 Trades Will Rule Soon
I’m looking for an outside chance of 1325 S&P. Of course 1265 and 1280 must be breached in a meaningful way. Or The PPT needs to give us a overbought reading on the SPY. Either way I’m stalking the market.
At any rate, get this take on Europe…
Comments »Mark Cuban Advises Not to Invest In Stocks (video)
Use cash for trans-actionable value and or pay down debt. Larger investors should look into start ups.
Comments »FedEx Places a $5 Billion Order With Boeing
Crisis: S&P Futures Off a Whopping…..Wait For It….
S&P FUTURES OFF 0.85%
[youtube://http://www.youtube.com/watch?v=6giiYDlqRQs&feature=related 450 300]
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Cramer’s Mad Money Monologue 12/7/11 (VIDEO)
Michael Moore Rips Into President Obama
Obama has raised more money from Wall Street banks than all 8 republican candidates combined.
http://www.youtube.com/watch?v=hgVrUv9A3XE
Comments »This Is What a Real Market Crash Looks Like
By Scott Cendrowski, writer-reporter
December 6, 2011: 12:50 PM ET
Investor Jeremy Grantham thinks stocks are overpriced, and he shows how long it could take the market to recover after another crash.
FORTUNE — Investing sage Jeremy Grantham sounded a little guilty in his latest report to clients, titling it “The Shortest Quarterly Letter Ever.” He should hold the apologies. Grantham, one of the pithiest market writers around, includes a chilling graphic in the four-page note that is one of the most mesmerizing market visuals of 2011.
Grantham is a value investor who oversees nearly $100 billion at his Boston-based firm, GMO. Using historical averages of prosaic data like profit margins and price-to-earning ratios, he’s made a series of prescient market calls. This spring, as U.S. stocks quickly rose, he told investors to flee the market because of escalating global fears. (He was right.) And back in 2009, he famously published a bullish note titled “Reinvesting When Terrified” at the market’s nadir.
Today he’s sounding the alarm again on stocks, and he seems as wary as ever. “Since the spring,” Grantham explains, “the equity markets have been absolutely bombarded by bad news.” Between the eurozone crisis and fears of a slowdown in China, there’s as much bad news as ever, he says. Yet the S&P 500 keeps recovering whenever crises ease for a just few days, thanks to sky-high profit margins and historically low inflation. Those two factors are driving U.S. stocks past Grantham’s estimate of the market’s fair value of 975-1,000 for the S&P 500 (SPX).
This is where his analysis starts to get scary. Profit margins will fall back to historical levels eventually, he says, and stocks will come down with them. Then there’s an inflection point. If any unresolved crises remain on the table when this happens — the eurozone crisis; a slowdown in China; budget impasses in the U.S. — then U.S. stocks could start to look a lot like those in Japan.
For two decades the Federal Reserve has bailed out stock markets, he argues. Former Fed Chairman Alan Greenspan cut interests rates to near zero percent at the slightest indication of economic decline. And today, Chairman Ben Bernanke has followed the same course, stimulating the market so drastically in 2009 that after stocks crashed they took only three months to recover to a long-term upward trend.
“This pattern is unique,” Grantham writes. And now that the Fed’s balance sheet is stuffed full with debt, he adds, it may not come to aid during another stock downturn.
“GMO has looked at the 10 biggest bubbles of the pre-2000 era and has calculated that it typically takes 14 years to recover to the old trend,” Grantham says. The important point of all this, he writes, is that almost none of today’s professional investors have experienced anything like this because the Fed has come to the rescue.
“When one of these old-fashioned but typical declines occurs,” he writes, “professional investors, conditioned by our more recent ephemeral bear markets, will have a permanent built-in expectation of an imminent recovery that will not come.”
That sets up an environment that Grantham dubs, “No Market for Young Men.” Grantham shows how long it may take U.S. stocks to recover if they crashed today:
Read the rest here.
YOUS GUYS SEPARATE THE TRASH OVA HEAH: Organized Crime Gets Into Recycling
Mobsters have a long history of making a killing in the garbage-hauling business, but a New Jersey commission says they have gone green by infiltrating the commercial recycling business.
The New Jersey State Commission of Investigation reported Tuesday that organized crime continues to find and exploit holes in a regulatory system that hasn’t been updated in decades. A law adopted in 1983 that was designed to keep criminals out of the solid waste business isn’t properly enforced and commercial recyclers remain largely unregulated.
“The integrity of this industry remains in peril,” the commission wrote. “The industry today remains open to manipulation and abuse by criminal elements.”
Organized crime’s ties to garbage hauling reach back at least half a century.
The New Jersey commission first uncovered significant criminal intrusion into solid waste disposal in 1969. The infiltration was most prominent in the 1980s, when organized crime had a stranglehold on the industry, forcing out legitimate operators through extortion. A string of prosecutions and new regulations , licensing requirements and background checks , helped weed out underground operators.
The commission found that the aging regulations, funding and staffing shortages and inter-agency communication problems “aren’t working as well as intended to keep criminal elements out of the industry,” said commission spokesman Lee Seglem.
The commission said it was particularly bothered by evidence of organized crime’s infiltration into commercial recycling, which has become lucrative in the 25 years since New Jersey adopted a mandatory garbage separation and recycling law.
New Jersey requires background checks for “key employees” involved in solid waste hauling. New York’s tougher licensing laws , it requires checks for consultants and sales associates in solid waste and for recyclers , encourage organized crime to set up shop across the Hudson River in New Jersey, investigators say.
One example cited in the report is Joseph Lemmo Jr., whom the commission called a “poster boy” for gaps in the state’s solid waste licensing law.
Despite multiple criminal convictions and ties to the Genovese crime family, Lemmo made more than $1 million a year operating within plain sight for more than a decade, the commission said. Though his criminal convictions should have barred him from the industry in New Jersey, he found a back way in through a truck-rental company that supplied trailers to a waste-hauling company owned by his cousin, the report said.
Lemmo did not reply to a notice from the commission inviting a written response. A phone message left with his former company, which he sold two years ago, was not immediately returned.
People also have gotten around the law through front companies or by having relatives with clean criminal records obtain licenses, the commission found.
The commission recommended several changes, including stronger laws and more money and manpower for enforcement. It said the state’s solid waste and disposal licensing requirements should be extended to recycling. Recognizing that government budgets are being stretched thin by the recession, the commission also suggested charging licensing fees to haulers to generate money for enforcement.
Additional concerns were raised concern about potential environmental consequences of a waste-hauling industry running amok, including midnight dumping, the mixing of hazardous and solid-waste material and the resale of junked computer components.
The governor’s office said it was reviewing the report. Michael Drewniak, a spokesman for Gov. Chris Christie, said the governor is confident in his administration’s ability to manage available resources to properly regulate the solid waste and recycling industries and enforce criminal laws.
The three-member commission said similar recommendations have been made before.
“In 1969, the commission revealed that organized crime rooted in New York was spreading into commercial garbage collection in New Jersey and warned that the industry was at dire risk of becoming rife with bribery, extortion, price-fixing, collusive bidding and other forms of corruption,” the commissioners wrote.
It issued additional warnings after the 1983 legislation required garbage haulers to be licensed, saying the new law was being improperly enforced.
“That the commission today, more than 20 years later, must repeat some of the same general findings and recommendations is a testament to the price of warnings ignored, opportunities lost and legislative intent undermined,” the most recent report states. “The ability of mob-affiliated entrepreneurs to continue profiting from the system even after they have been unmasked reflects a fundamental flaw.”
Read more: http://trade.cc/ojx
Watch sports videos you won’t find anywhere else
Comments »Bulls Come In Near the Close to Take The Markets Right Up to the 200 Day on Rumors Japan or G20 Will Float a Loan to Europe
A lack luster day until the last 30 minutes or so. Narrow trading on light volume. Bulls manage to push markets high up to the sky…or at least up to the 200 day. Sellers hit bids in the last 2 minutes into the close.
There is a rumor floating around that Japan or the G20 countries will float a $600 billion loan to the IMF for the Euro Crisis. IMF denies the rumor.
DOW UP 48
NASDAQ UNCH
S&P UP 2.61
OIL DOWN $0.77
GOLD UP $13.70
USD/EUR UP .10% @ 1.34
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FLASH: NYPD Tells NY Banks to Beef Up Security as a Letter Bomb Was Discovered @ Deustche Bank in Europe
FLASH: Apple Loses iPad Trademark Case in China
SOURCE: http://trade.cc/ois
Apple could face disruption to its iPad sales in China after a court rejected its claim to own the iPad trademark in the country and a rival sought to halt sales of the tablet device in two Chinese cities.
The developments are the latest in a long-running dispute between Apple and Proview Technology (Shenzhen), a struggling Taiwanese-owned company that registered trademarks for the name IPAD in many countries long before Apple conceived its smash hit tablet computer.
Normally, Apple is on the receiving end of intellectual property rights infringements in China, with counterfeits extending even to copies of its flagship stores. The US company has nonetheless reported soaring sales over the past three quarters, following a push started last year under which it has so far built four Apple stores in Beijing and Shanghai and 1,000 resellers across the country.
“Apple is such a Goliath and has a good image, so people wouldn’t imagine that Apple could possibly infringe on our intellectual property rights,” said Xiao Caiyuan, a lawyer for Proview at Guangdong Guanghe law firm. “People always think it’s small companies infringing upon large companies’ IPR.”
“We hope that this decision will make our negotiations with Apple a bit easier,” said Li Su, a representative of Proview.
Proview, a flatscreen contract manufacturer, made an unsuccessful attempt to sell a tablet computer in 2000, and registered trademarks for the IPAD name in the EU, China, Mexico, South Korea, Singapore, Indonesia, Thailand and Vietnam between 2000 and 2004, according to trademark databases.
In 2006, Proview Electronics (Taiwan) agreed to sell Apple the “global trademark” for the IPAD name for £35,000, according to Proview, but the two companies have subsequently disagreed about whether that deal included China.
Apple applied to have ownership of the two relevant Chinese trademarks transferred to its name before it began selling the iPad in China early last year. The Chinese trademark office rejected the application because the trademarks are owned by Proview Technology (Shenzhen), another affiliate of Proview International, the group’s Hong Kong-listed holding company, and not the Taiwan unit.
Apple then sued Proview Technology (Shenzhen), asking the court to declare the US company the rightful owner of the IPAD trademarks in China. The Shenzhen Intermediate People’s Court rejected that request earlier this week in a ruling that Apple can appeal.
At the same time, Proview Technology (Shenzhen) has sued Apple resellers in the southern Chinese cities of Shenzhen and Huizhou, seeking an immediate block on sales of iPads. The Shenzhen Futian District Court is due to start hearing one case on December 30, and the Huizhou Intermediate People’s Court has scheduled a hearing in the other for January 7.
“We are starting with these two cities, and if we are successful in getting iPad sales stopped, we will consider going after Apple resellers elsewhere in China,” said Xie Xianghui, a lawyer with Grandall, another Chinese law firm working for Proview. Apple declined to comment.
The China trademark lawsuit comes at a time when Apple is engaged in a number of patent battles globally against Samsung Electronics and HTC, two other smartphone makers. Those cases, which span markets including the US, Germany and Australia, have so far mostly been decided in favour of Apple.
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