Yearly Archives: 2011
EPA Posts a “Secret Watch List” of Chronic Polluters
A Zacks Research Writer: “Why I’m 0% Long Stocks”
Perhaps this weeks news flow will change his mind, but for now here is a piece of why there is no reason to own stocks.
Comments »Portugal Raids Pension Funds to Meet Deficit Targets
State of the Nation: Over Half of All Adult Americans Have Little ot No Money for Their Golden Years
Jeremy Grantham Reflects on the Performance of the S&P 500 After Past Bubbles Have Blown
“…..No Market for Young Men.” Historians would notice that all major equity bubbles (like those in the U.S. in
1929 and 1965 and in Japan in 1989) broke way below trend line values and stayed there for years. Greenspan, neurotic about slight economic declines while at the same time coasting on Volcker’s good work, introduced an era of effective overstimulation of markets that resulted in 20 years of overpriced markets and abnormally high profit margins. In this, Greenspan has been aided by Bernanke, his acolyte, who has continued his dangerous policy. The first of the two great bubbles that broke on their watch did not reach trend at all in 2002, and the second, in 2009 – known by us as the fi rst truly global bubble – took only three months to recover to trend. This pattern is unique. Now, with wounded balance sheets, perhaps the arsenal is empty and the next bust may well be like the old days. 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….”
Technical and Historical Analysis of a Santa Rally
***BREAKING: CRACK SPREADS ARE ENJOYING UPSIDE EXPLOSION***
+7% to $15.10
Comments »Art Cashin Chimes in on a Santa Rally
Jim Rogers: US Falling Into ‘Deeper Trouble,’ Faces 2013 Depression
When the depression does not come will the forecast be pushed out another year or two ?
Comments »Hussman: Wall Street Becoming a ‘Glorified Crack House’
“Economist and fund manager John Hussman says that Wall Street is “becoming little more than a glorified crack house.”
“Day after day, the sole focus of Wall Street is on more sugar, stronger sugar, Big Bazookas of sugar, unlimited sugar, and anything that will get somebody to deliver the sugar faster,” Hussman writes in a note to investors.
“This is like offering a lollipop to quiet down a 2-year old throwing a tantrum, and expecting that the result will be fewer tantrums.”
Comments »Gapping Up and Down This Morning
Gapping Up
FRO +27.1%, NNN +2%, THOR +4.2%, MMM +1.3%, RIG +2%, SD +1.2%, NVS +0.8%, GSK +0.7%NATH +10.6%,
ONE +4.4%, ING +2.4%, PPHM +18%, LEAP +1.4%, SDRL +0.3% AGO +1%, BP +0.9%, NATH +5.9%, MDW +2.4%,
EXPE +1% , E +1.2% , CY +2.7% , MDW +2.4%, FLR +0.9%, GE +1.3%,
Gapping Down
DRI -8.1%, EXAS -4.9%, CLWR -4.4%, MT -1.3%, NS -4.5%,
Comments »In Play and On the Wires
Upgrades and Downgrades This Morning
Upgrades
LRN – K12 initiated with a Outperform at Barrington Research
ALB – Albemarle initiated with a Buy at Sterne Agee
FFIV – F5 Networks target raised to $110 at Wunderlich
GE – General Electric upgraded to Outperform from Market Perform at Bernstein
RAM – RAM Energy Resources initiated with a Accumulate at Global Hunter Securities
ACE – ACE Limited upgraded to Buy at Ticonderoga
HOLI – HollySys initiated with a Buy at Citigroup
CRI – Carter Holdings upgraded to Buy from Neutral at Goldman
ALLT – Allot Comms initiated with a Buy at Jefferies
DCO – Ducommun initiated with a Buy at EarlyBirdCapital
ALK – Alaska Air initiated with a Market Perform at Raymond James
VCI – Valassis initiated with a Buy at Lazard
TXN – Texas Instruments upgraded to Outperform from Market Perform at JMP Securities
EBAY – eBay named a long Research Tactical Idea at Morgan Stanley
GSVC – GSV Capital initiated with a Buy at Ladenburg Thalmann
MWW – Monster Worldwide initiated with a Buy at Lazard
CP – Canadian Pacific upgraded to Equal Weight from Underweight at Barclays
MO – Altria Group initiated at Deutsche Bank
LNKD – LinkedIn upgraded to Overweight from Equal Weight at Morgan Stanley
AOS – A.O. Smith initiated with a Buy at Sterne Agee
NEU – NewMarket initiated with a Neutral at Sterne Agee
SLGN – Credit Suisse initiates the Packaging and Containers Sector with an Overweight
E – ENI S.p.A. upgraded to Buy from Hold at Deutsche Bank
PCS – PCS – MetroPCS upgraded to Outperform from Market Perform at William Blair
CNI – Canadian Pacific upgraded to Equal Weight from Underweight at Barclays
NVLS – Novellus initiated with an Outperform at Credit Agricole
WTS – Watts Ind initiated with a Buy at Sterne Agee
MLM – Martin Marietta initiated with a Buy at Sterne Agee
TLLP – Tesoro Logistics LP upgraded to Strong Buy from Outperform at Raymond James
NPO – Enpro Industries initiated with a Buy at Sterne Agee
ASTE – Astec Industries initiated with a Buy at Sterne Agee
Downgrades
THQI – THQ Inc downgraded to Neutral from Outperform at Cowen
TSO – Tesoro named a short Research Tactical Idea at Morgan Stanley
STO – Statoil ASA downgraded to Hold from Buy at Deutsche Bank
PDCO – Patterson Companies initiated with a Hold at Deutsche Bank
OPEN – OpenTable initiated with a Neutral at Piper Jaffray
CX – CEMEX S.A. initiated with a Neutral at Sterne Agee
ADS – Alliance Data downgraded to Neutral from Overweight at Piper Jaffray
UTIW – UTI Worldwide downgraded to Neutral from Buy at Suntrust
IR – Ingersoll-Rand downgraded to Neutral from Buy at Sterne Agee
ADTN – ADTRAN downgraded to Sell from Neutral at Goldman
LMOS – Lumos Networks initiated with an Outperform at RBC Capital
TXI – Texas Industries initiated with an Underperform at Jefferies
HSIC – Henry Schein initiated with a Hold at Deutsche Bank
HUN – Huntsman downgraded to Hold from Buy at Jefferies
EXP – Eagle Materials initiated with a Neutral at Sterne Agee
IP – Credit Suisse initiates International Paper with at Market Weight
USG – USG initiated with an Underperform at Sterne Agee
CNI – Canadian Natl Rail downgraded to Underweight from Equal Weight at Barclays
VMC – Vulcan Materials initiated with a Neutral at Sterne Agee
ITC – ITC Holdings downgraded to Neutral from Outperform at Credit Suisse
Comments »FLASH: S&P Places EFSF Long Term AAA on Credit Watch Negative
FLASH: S&P PLACED EFSF ON CREDIT WATCH NEGATIVE
S&P strikes again.
Comments »S&P Credit Warnings Throw a Wrench Into the Euro Solutions Engine
Flash: Italian 10 Year Yields Drop to 5.85%
Crisis over.
Comments »
