Nassim Taleb’s world of black swans are multiplying….
Comments »Yearly Archives: 2011
U.S. Debt at a Tipping Point
Shock and Awe Coming to Global Economy
Gary Shilling: Home Prices Will Drop Another 20%
According To This Chart The Stimulus Failed
Oil Jumping on Israeli Violence in Gaza
Can these numbers be real?
http://www.zerohedge.com/article/guest-post-recovery-self-sustaining-heres-test
I hate to “Zero Hedge” you, but I’ve gotten to thinking after reading this.
I don’t have the time/correct information/brain cells to know if these numbers are true. If they are, all I have to say is “holy shit”, it’s even worse that we know. How can this keep going? How can the chickens not come home to roost? My guess is that it will be just in time for the next Presidential Election cycle…
Comments »Bank of New York, BK, Announces 44% Boost in Dividend and $1.3 Billion Stock Buy Back
Market Internals This Morning
Fractional new session lows for stock indices, hovering near low end of yesterday’s afternoon range — Dow -15, S&P -2.8, Nasdaq Comp -5.1 -Update
Market View- Food commodities among the worst performing CRB Index ETFs/ETNs in early trade; SGG (-2.9%), JO (-1.8%), JJA (-1.5%), JJG (-1.5%), & FUD (-1.2%)
Semiconductor Hldrs ETF holds at first level support (33.53 -0.17) -Update
Highlighted first level support at 33.50/33.41 in The Technical Take and the lagging SMH tested and is attempting to rebound off this area (session low 33.42). A push back above 33.62/33.70 would neutralize the weaker action off yesterday’s early high. The next short term resistance zone of note if able to build on the push off support is at 30.90/30.96
Point gainers
NFLX (+6.08), DTG (+1.96), STJ (+2.25), HS (+1.61), MCP (+1.67), VMW (+1.19), AMT (+1.28), REE (+1.33), NFX (+1.50), NUS (+1.12), DG (+1.15)
Point losers
WAG (-3.45), CP (-2.32), CRM (-2.34), CF (-1.72), AMZN (-1.86), AGP (-1.54), SI (-1.46), EXPD (-1.34), CHRW (-1.45), HMC (-1.32), APKT (-1.48)
Comments »Forget the “real” world. Only the world of the market counts.
http://www.businessinsider.com/is-this-why-hedge-funds-bought-the-fukushimalibya-selloff-2011-3
This is supposed to be the reason for another ravenous, low-volume bounce. Don’t worry, recent events are the foundation and justification for further market gains!
Amazingly, everything that is happening has not jolted the populace. But if the stock market dropped 10%, it would all suddenly matter…
Comments »Rare Earth Stocks Are Taking Off
One of the standout industries today are rare earth plays, with large gains found in MCP, SHZ, AVL, REE and CHGS.
Comments »FHFA January Home Pricing Index -0.3%…December Revised To -1% from -0.3%
Market Sector Summary This morning
The consumer discretionary group is in-line with the broader market in early trade. The retail group is also lower with the Retail HOLDRS Trust (RTH) down 0.8% and the SPDR S&P Retail ETF (XRT) down 0.2%. Trading on upside: Stage Stores (SSI+3.9%) initiated with a Buy at Soleil… Hot Topic (HOTT +2.1%) higher following news that HOTT’s CEO resigned…Nordstrom (JWN+1.2%) upgraded to Buy from Neutral at Goldman… Express (EXPR +4.2%) beat by $0.06, beat on revs; guided Q1 EPS; guided FY12 EPS in-line… Notable Mentions: Wet Seal (WTSLA) names Ken Seipel as President and Chief Operating Officer
Car rental names outperforming today. Dollar Thrifty (DTG +3.1%) higher following guidance. Co sees Q1 revs below consensus; FY11 adjusted EBITDA above consensus. The Hertz Corporation (HTZ +3.4%) and its Car Rental Unit announced plans to expand its franchisee network as part of a Company-wide strategy aimed at increasing its presence in the airport and off airport car rental markets.
Other notable mentions: Leaders: Reed’s (REED +9.8%) reported FY10 EPS of ($0.14) vs ($0.28) last yr; rev +34% YoY to $20.4 mln… Nu Skin (NUS +3.7%) upgraded to Buy at Stifel Nicolaus; tgt $35… Laggards: Walgreens (WAG -7.9%) reported EPS in-line, revs in-line… Hormel Foods (HRL -1.7%) downgraded to Neutral from Buy at Davenport… Carnival reported (CCL -1.0%) EPS in-line, beat on revs; guided Q2 EPS below consensus; raises FY11 EPS guidance…
Comments »Almost 20% of Florida Homes are Vacant
Active Day Trade Alerts
Citadel Discloses 5.3% Stake In TIVO; Stock Pops
TiVo pops ~0.30 after Citadel discloses 5.3% stake (8.98 +0.35)
Recent Tivo News
TiVo inceases and prices private offering of $150 mln 4.00% Convertible Senior Notes (8.75 )
Co announces pricing of its private offering of $150 mln aggregate principal amount of 4.00% Convertible Senior Notes due 2016.The size of the offering has been increased from the previously announced $120 mln aggregate principal amount. Co intends to use the net proceeds from the sale of the notes to fund intellectual property litigation and research and development spending and for general corporate purposes, which may include funding sales and marketing expenses, increasing working capital, making capital expenditures and potentially for strategic acquisitions
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