Yearly Archives: 2011
Retailers Seem to be Experiencing am Awesome Black Friday
Reports have been coming out from all over the country that retailers are packed with people. Some claim that last nights midnight opening has brought more biz than last years entire black Friday results.
Comments »AT&T Withdraws Its Bid To Merge With T-Mobile
Recently FCC Chairman publicly opposed the AT&T – T-Mobile and threw up many petitions for it to go forward so yesterday AT&T decided to withdraw all together.
Comments »SABMiller Wins Their Fosters Bid for $11 Billion
Gap Inc Plans on Tripling Store Presence in China in 2012
The International Accounting Rule of Fair Value Needs to Be Revised To Create Further Stability and Clarity of Bad Assets
Apparently there are no real rules and some banks will not write down bad assets as there is discrepancy in how to calculate value.
Comments »Egypt’s Credit Rating is Cut a Fourth Time This Year; Record Yields and Failed Auctions are to Blame
China’s Sovereign Wealth Fund Considering “Indirect” Support to Europe Via Investment
China does not want to be the lead. Europe has been begging for help as they hold $3.2 trillion in sovereign wealth.
Comments »Italian’s Pay Double on Six Month Paper; 6.5% for Eight Billion Euros
The Euro Falls On Weak French Confidence, a Strong Greenback, and a Not so Good Italian Bond Auction
While America Enjoyed a Turkey Coma Portugal and Hungary Were Downgraded to Junk Status
The Dollar Challenges a Major Resistance Level; Hurting Equities and Hard Assets
The dollar is finding strength once again presenting a thorn in the side of all things equities and hard assets.
Italian, Spanish, and Belgium Yields Hit Nose Bleed Territory Again; Core Yields Like France and Germany Relax
Sarkozy and Merkel AKA S&M Want to Change the EU Treaties
Merekl and Sarkozy have recently announced that they agree to disagree in private. They stated they will not talk in public about their disagreements, but want to change the EU treaties in order to instill confidence.
“We need to correct the fundamental floors in the construction of the eurozone. The situation is not easy — trust has been lost. And that is the reason why we, Germany and France, want to work on treaty change for the eurozone.”
Comments »A Red Friday for Global Equities
Dr. Phil Jones, World Renowned Climate Scientist, Can’t Plot a Trend in Excel
From the latest ClimateGate 2.0 email dump, we are presented this little gem. University of East Anglia’s Dr. Phil Jones, keeper of the time series of the instrumental temperature record and whose work has been featured in both the 2001 and 2007 IPCC reports, cannot use Excel to plot a trend.
Perhaps even more shocking is that he is not able to simply Google up the answer. My first search instantly yielded this: Constructing a least squares graph using Microsoft Excel.
Remember, this is one of the leaders of the people who want to tax our citizens in order to generate $37 trillion in green energy technologies by 2030. Yes, $37 trillion is correct.
Comments »Turkey’s Can’t Fly, Futures Can’t Either
Above is a 5 minute bar chart of the S&P E-minis. The futures have opened lower and are near to breaking to lower lows this evening.
Comments »Schiff: Merkel’s plan could save the euro
Merkel and Sarkozy Make Nice
“We all stated our confidence in the ECB and its leaders and stated that in respect of the independence of this essential institution we must refrain from making positive or negative demands of it,” Sarkozy told a joint news conference in the eastern French city of Strasbourg.
Comments »Happy Thanksgiving
[youtube://http://www.youtube.com/watch?v=CMV53fhB-cs 450 300]
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