Yields for Italy, Spain, France, and Germany …
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Monthly Archives: November 2012
Have a Look at the 4 Year Returns of Some of Your Favorite Inverse ETFs
Hilarious Fail, Good Samaritans Get Played
Just picked this off of Tosh.0
[youtube://http://www.youtube.com/watch?v=qF60HxYiR-M 450 300] Comments »2013 EU Budget Talks Collapse Over Unpaid Spending Overruns From 2012
After Hours Winners & Losers
Winners
TCX +20.5%, VIPS +8.9%, CSCO +7.2%, LPR +3.3%, WWD +3.3%, APP +2.6%, HMIN +1.9%, ZNGA +1.4%
Losers
SUMR -13.8%, ENVI -9.6%, MOS -4.4%, RENN +3.9%, KIPS -2.0%
Comments »Google Reveals Government Requests For User Data, Content Removal On The Rise
Support ECPA 2.0 and the Global Free Internet Act
Foxconn To Replace Slaves…I mean Workers With Robots
“Foxconn has been planning to buy 1 million robots to replace human workers and it looks like that change, albeit gradual, is about to start.
The company is allegedly paying $25,000 per robot – about three times a worker’s average salary – and they will replace humans in assembly tasks. The plans have been in place for a while – I spoke to Foxconn reps about this a year ago – and it makes perfect sense. Humans are messy, they want more money, and having a half-a-million of them in one factory is a recipe for unrest. But what happens after the halls are clear of careful young men and women and instead full of whirring robots? What happens to China’s “burgeoning” economy?”
Comments »$GS Looks to Divest Risky Assets
“(Reuters) – Goldman Sachs Group Inc would have $728 billion in risk-weighted assets under yet-to-be-implemented Basel III capital rules, 67 percent more than the investment bank has under current regulations, Chief Executive Lloyd Blankfein said on Tuesday.
Goldman aims to reduce risk-weighted assets to $700 billion by the end of 2013, with $18 billion of that coming from a decrease in credit risk, and another $11 billion coming from a decline in market risk.
Much of the reduction will come from an expiration of existing trades, like mortgage securitization, derivative portfolios and some investments that will be repaid, Blankfein said at a conference in New York hosted by Bank of America Corp .”
Comments »The Nikkei Opens With Crazy Taste Unch Chop Suey Trade
[youtube://http://www.youtube.com/watch?v=CSvFpBOe8eY 450 300]
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Cramer: IEA Energy Prediction Way Off
In a moment when nothing makes us happy, we got a nice feel-good story Monday, that the IEA, the International Energy agency, says we will be energy self-sufficient in 2020 and overtake the Saudis as the biggest exporter of oil in 2030.
To which I say, oh, please, we will never ever again be nationally self-sufficient, but we could be continental self-sufficient, and that in itself would be a big deal.
But we can only do it in two ways: 1.) Choosing to view the Canadian tar sands oil as regular oil that can be refined cleanly, as Honeywell (HON -0.33%), which makes the refining chemicals, says it can be, and 2.) we switch to natural gas surface fuel.
I don’t have great hopes for either under President Obama, and that means you are going to have to start the sufficiency drive in 2017, which doesn’t give you a whole heck of a lot of time.
First, the anti-fossil-fuel nonprofits were important to Obama’s election. They have no desire to allow Canadian heavy oil to come into the States. I think they are powerful enough to stop it, and that means we will continue to import oil from Venezuela and the Middle East. OPEC wins.
Second, although I had a very optimistic David Demurs from Westport Innovations (WPRT +3.88%) on the show tonight, the premier nat-gas engine maker, it is very clear that the demand for nat gas engines isn’t up to snuff — hence the missed quarter — in part because the infrastructure is just not there to pump. Until it is, nat-gas engines remain ultra-niche.
Read here:
Comments »New Normal For NJ
(CNN) — The outward signs of recovery were everywhere Monday across the Northeast nearly two weeks after Superstorm Sandy struck: Power restored to tens of thousands, bridges and tunnels reopened, and limited train and ferry service up and running.
“After two weeks of the recovery phase, we’ve achieved a new normal for life in post-Hurricane Sandy New Jersey,” Gov. Chris Christie said of his state.
Nearly everyone in the state has power back, nearly all schools are reopening, and gasoline rationing can end in the state, he said.
Read here:
Comments »Obama Cares Not For You
“For the corporation by the corporation”
“Election rhetoric shuns the big picture in favor of the bigger platitude. Now that The Show is over, we are left with the equivalent of a Sunday morning hangover following a binge of promises and lies. We leave the theatre of political spectacle on steroids for the real world of unstable economy, a globally and publicly subsidized financial sector, and increased costs of living on everything from food to education to health-care; outpacing declining median incomes. The average cost for health insurance for a family is $15,745per year vs. a median income of $50,502, or about half post-tax take-home pay.
“Obamacare” is the name commonly used for the Patient Protection and Affordable Care Act (PPACA) of 2010. The very moniker is indicative of how name-and-image-centric our world has become; Medicare was never called “Johnsoncare” when President Johnson signed it into law in 1965 and Johnson was not exactly a man of small-personality. At any rate, Obamacare or the PPACA ranks as one of the most misrepresented issues from the campaign, by both sides of the ever-slimming aisle.
The Tea-Party Conservative types get it embarrassingly wrong when they call it a “government takeover of health care.” Likewise, Progressive Obama-supporters are deluded in accepting it as the most sweeping healthcare reform since Medicare. (Side note: I wish the word ‘sweeping’ could be retired from politics until it actually means -sweeping.)
Here’s why. The PPACA does nothing to restructure the health insurance industry, anymore than the Dodd-Frank Act restructures the banking industry. This means everything else it attempts to do, positive or negative, will be vastly overshadowed by an industry accelerating to morph itself into a acquisition machine in order to circumvent anything that even smells like a restriction, including laws that exist and ones to come.
How? By doing the same thing energy and telecom companies did after they were deregulated in 1996, and that banks did after they were summarily deregulated (after moving that way for decades) in 1999. They are merging, consolidating, eliminating competitors, and controlling their domain. They are manufacturing power.
Investment bankers are roaming the world to exploit this hot new opportunity. That’s one reason insurance companies don’t even call themselves that anymore. Now, they are ‘managed health care’ companies. Call yourself a managed health care company, and you can buy everything from other insurance companies to hospitals to clinics to doctors. The more consolidation, the more fees bankers rake in, and the more premiums and medical reimbursements and health care procedures, each company can control.”
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U.S. Budget Deficit Melts Up in October With Over $300 Billion Spent
“Moments ago the MTS released the final October budget report. It was not pretty, although those who read our report on how much debt was added – $195 billion to be precise – in the first month of the 2013 Fiscal Year will know where this is going. The US budget deficit was expected to soar after the September surplus of $75 billion, driven entirely by calendar shifts and pre-election propaganda, to -$113 billion. That was optimistic: the total amount of overspending in October was $120 billion. What is distressing is that this was well above the $98.5 billion deficit from a year ago, and confirms that the long-term trendline of ever greater spending continues.”
Comments »John W. Henry & Co. Will Send a Few Coins Back to Investors as They Close Up Shop
Those on Wall street managing money should thank their lucky stars given the tough environment out there. Henry & Co. used to manage well over $2.6 billion and are now sending back what is left, ( less than $100 million,) to investors.
Comments »$CSCO Posts $0.48 vs $0.46 Estimates, Revenues of $11.88 Billion vs $11.66 Billion Estimates
U.S. Equities Fail to Hold a Rally, Banks and Technology Take Indices Down
After a gap down this morning, markets managed to turn in a rally of 130 plus DOW points to be up about 72 points by mid day. The markets slowly gave up all gains into the closing bell as volume and breadth lacked conviction.
There is not much for markets to be excited about as investors continue to wait and see what happens with gridlock politics here and across the pond.
DOW down 57
NASDAQ down 20
S&P down 5
[youtube:http://www.youtube.com/watch?v=EtF4o-nYVUg 450 300] Comments »$AMD Pops 8% as They Hire $JPM to Explore Their Options
“Reuters) – Advanced Micro Devices has hired JPMorgan Chase & Co to explore options, which could include a potential sale, as the chipmaker struggles to find a role in an industry increasingly focused on mobile and away from traditional PCs, according to three sources familiar with the situation.
Sources said an outright sale of the company is not a priority, and other options for AMD could include a sale of its portfolio of patents.”
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Just a Man and His Thoughts
[youtube://http://www.youtube.com/watch?v=3SsWw6S68EQ 450 300]
Comments »Small Bombs Under $10
Here’s a look at your hybrid movers under $10, click here for charts
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