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Monthly Archives: October 2011

The Biggest Winners During this Current Rally

No. Ticker 2-week Return Market Cap Sector
1 CPX 63.55 2,340,000,000 BASIC MATERIALS
2 EK 60.26 344,380,000 CONSUMER GOODS
3 FMCN 51.01 3,500,000,000 SERVICES
4 IO 47.57 1,060,000,000 TECHNOLOGY
5 LIZ 46.00 666,920,000 CONSUMER GOODS
6 TQNT 44.02 1,220,000,000 TECHNOLOGY
7 FBC 41.76 371,320,000 FINANCIAL
8 WNR 41.65 1,470,000,000 BASIC MATERIALS
9 AREX 41.26 625,110,000 BASIC MATERIALS
10 JRCC 40.82 284,890,000 BASIC MATERIALS
11 NAK 39.37 699,010,000 BASIC MATERIALS
12 TSO 36.21 3,560,000,000 BASIC MATERIALS
13 ATPG 36.19 468,460,000 BASIC MATERIALS
14 MDR 36.15 3,380,000,000 INDUSTRIAL GOODS
15 AXAS 34.66 310,560,000 BASIC MATERIALS
16 TZOO 34.15 481,810,000 TECHNOLOGY
17 CSTR 33.38 1,600,000,000 CONSUMER GOODS
18 ZAGG 33.06 382,140,000 SERVICES
19 WNC 32.49 424,130,000 CONSUMER GOODS
20 CTCM 32.36 1,860,000,000 SERVICES
21 QTM 32.32 549,600,000 TECHNOLOGY
22 ISS 32.20 465,830,000 TECHNOLOGY
23 PLAB 32.13 384,110,000 TECHNOLOGY
24 HFC 32.00 3,400,000,000 BASIC MATERIALS
25 ASIA 31.44 701,340,000 TECHNOLOGY
26 CETV 31.24 657,450,000 SERVICES
27 VLO 31.10 12,960,000,000 BASIC MATERIALS

29 ENTR 30.99 456,500,000 TECHNOLOGY
30 MPC 30.97 12,040,000,000 BASIC MATERIALS
31 GBX 30.90 364,790,000 SERVICES
32 GOL 30.58 1,940,000,000 SERVICES
33 EDU 30.56 4,600,000,000 SERVICES
34 IVN 30.29 11,990,000,000 BASIC MATERIALS
35 TEX 30.02 1,440,000,000 INDUSTRIAL GOODS
36 HAR 29.85 2,390,000,000 CONSUMER GOODS
37 BSFT 29.56 1,010,000,000 TECHNOLOGY
38 FTK 29.55 280,690,000 BASIC MATERIALS
39 SGY 29.55 949,940,000 BASIC MATERIALS
40 SINA 29.31 6,090,000,000 TECHNOLOGY
41 CHTP 28.85 275,840,000 HEALTHCARE
42 MPEL 28.76 5,730,000,000 SERVICES
43 RRR 28.75 945,470,000 SERVICES
44 BIDU 28.69 46,400,000,000 TECHNOLOGY
45 WLT 28.65 4,700,000,000 BASIC MATERIALS
46 TGB 28.63 605,540,000 BASIC MATERIALS
47 SWFT 28.57 1,150,000,000 CONSUMER GOODS
48 MTW 28.46 1,110,000,000 INDUSTRIAL GOODS
49 ROC 28.38 3,200,000,000 BASIC MATERIALS
50 BAS 28.32 695,840,000 BASIC MATERIALS

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TRUE STORY: Pappy George Bush Chose Dan Quayle Over Clint Eastwood as VP

George H.W. Bush, trailing Democrat Michael Dukakis in the heat of the 1988 presidential campaign, briefly but seriously considered Hollywood renaissance man Clint Eastwood to be his running mate, a former Bush aide says.

The revelation comes from more than 350 hours of audio interviews with 50 senior officials from the George H.W. Bush administration released today by the University of Virginia’s Miller Center and Bush Presidential Library Foundation.  The decade-long oral history project documents the life and times of the 41st presidency.

“When we were way behind. Honestly, [Eastwood] was suggested in not an altogether unserious – Well, he was a mayor. He was a Republican mayor,”  former Bush campaign chairman and Secretary of State James Baker said.

Eastwood served one term as mayor of the conservative ocean side community Carmel, Calif., from 1986-1988.

AUDIO: James Baker describes consideration of Clint Eastwood

“Anyway, it was shot down pretty quick. But we were looking at an 18-point deficit,” Baker said, suggesting the campaign was looking for a boost from its VP choice. Bush, who also considered Sen. Dan Quayle, R-Ind.; Sen. Bob Dole, R-Kan.; Sen. Alan Simpson, R-Wyo.; and Rep. Jack Kemp, R-N.Y., ultimately settled on Quayle.

Quayle was “maybe not the most qualified, but he brings other attributes that are extraordinarily important,” Baker said of his initial reaction to Bush’s choice.

The interviews, conducted by a panel of university scholars between 1999 and 2011, paint an intimate and detailed portrait of Bush and his team as they navigated the 1988 election campaign and transition to the White House, legislative affairs, two Supreme Court appointments and later a series of foreign crises, including the first Gulf War.

Some additional highlights from the tapes:

PANCAKES & PRESIDENTIAL DAILY BRIEFING.  The interviews reveal a president who took a serious and active approach to national security and defense, regularly involving himself in the minutiae of the issues, even over breakfast.  Aides describe Bush as a religious reader and analyzer of the presidential daily briefing.  “On the Saturday before the coup in the Soviet Union [in 1990] we were in Kennebunkport, and the president and I were sitting on the deck of his house at Walker’s Point, looking out over the Atlantic and eating pancakes and he was reading the briefing,” said former CIA director and Bush national security advisor Robert Gates, “and the last item, the article in the briefing was CIA’s view that there was very likely to be a coup attempt… I’ll never forget the president turning to me and chewing on his pancakes and saying, “Should I take this seriously?” And I said, “yes, and here’s why.”

SETTING POLICY ON THE FLY.  On at least two major foreign policy positions, Bush made impactful public pronouncements without consulting with his staff ahead of time.  Gates recalls the first time U.S. support forGerman reunification was articulated came in an off-the-cuff comment by Bush at a Helena, Mont., press conference in 1989. “I called [National Security Adviser] Brent [Scowcroft] right after that and said, ‘Brent, we now have a policy on German reunification.’ He said, ‘What is it?’ I said, ‘We’re for it.’ He said, ‘Who says so?’ I said, ‘The President.’ He said, ‘Oh, shit.’”

After Iraq’s invasion of Kuwait in 1991, Bush famously drew a line in the sand and said, “This shall not stand.”  Vice President Dan Quayle says that comment came out of the blue, ahead of a full U.S. assessment of the situation to determine whether Saddam Hussein might withdraw. “He came into the Oval Office first, and I was there… He said, ‘How’d I do?’ and we said, ‘Oh, good.’ Brent [Scowcroft] said, ‘Where’d you get that ‘this will not stand’?” He said, ‘That’s mine.’ ‘Well, yes, but, where’d you get it?’ He said, ‘Well, that’s what I feel.’… Not that he was wrong in doing it, but he just caught everybody off guard a little bit because it was so definite and so dramatic.”

TAPPING CLARENCE THOMAS.  Bush famously called Thomas, his second pick for the Supreme Court, “the best qualified person” when nominating him to the bench.  But Bush administration Attorney General Richard Thornburgh, who says he did a “double take” at the characterization, clarifies that what Bush really meant “was that this was the best qualified African-American candidate we could find… He desperately wanted to make an appointment of an African-American. But he wasn’t going to appoint a Democrat…. So, that’s the best – he was saying it’s the best we can do.”

TENNIS SHORTS & THE OVAL OFFICE:  Bush revered the Oval Office so much so that he refused to wear anything but a coat and tie in the room. On one occasion, aide Barbara Kilberg says she met Bush at the tennis court and wanted to walk to the Oval, but he insisted upon changing clothes first. “He said, ‘where are you going?’ and I said, ‘I’m going to your office.’ ‘No, no,’ he said, ‘I’m in tennis shorts.’ I said, ‘So?’ He said, ‘No, just wait, I’ll be back.’ So he went into the residence, got dressed, put on a coat and tie, walked into the Oval Office, handed me the paper and left. But he would not go into that office in tennis togs. He didn’t believe that was appropriate.”

AUDIO: Barbara Kilberg describes Bush reverence for Oval Office

REGRETS OVER ‘NO NEW TAXES’ PLEDGE:  Legislative Affairs director Fred McClure says Bush “didn’t do a very good job” communicating why it was necessary to suspend his famous “no new taxes” pledge.  “I think it may have contributed to what ultimately happened in the election in 1992, but I don’t think it was a defining moment,” McClure says. “I think in retrospect, the defining moment for him, at least from a policy standpoint, was the whole Persian Gulf thing.”

WATCH GLANCE IN ’92 DEBATES:  When Bush famously glanced down at his watch during the 1992 debates, his critics slammed him for appearing restless, agitated and eager to get off the stage. But Phillip Brady, assistant staff secretary, explains that Bush was really sending a signal to moderator Carole Simpson about a long-winded Ross Perot. “If you watch the tape, you’ll see he looked at her then his watch suggesting clearly, ‘Hey, Perot’s time is up’ – meaning he’s filibustering,” which is exactly what Simpson forbid before the candidates took the stage.

SOURCE 

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If You Have the Means, Now is THE Time to Buy a House

By CATHERINE RAMPELL

For years my colleague David Leonhardt has been helping people calculate whether it makes more sense to rent or buy a home,based on the relative costs of each decision. This week, the economists at Capital Economics noticed an interesting phenomenon related to this tradeoff. For the first time in three decades, the median monthly mortgage payment is about the same as the median rental payment:

Source: Capital Economics, Thomson Reuters

Of course, this chart is a little bit misleading because it excludes many of the upfront expenses of buying a home, like a down payment and closing costs. Perhaps more important, not everyone has the option to buy.

Credit conditions are still significantly tighter than they were a few years ago, despite the Federal Reserve’s efforts to loosen credit markets. Many lenders now require a credit score of 700 as opposed to 650, the previous standard. Capital Economics estimates that that requirement alone has shut 13 million households out of the mortgage market.

SOURCE 

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Here is Rick Perry’s Plan to Create 1.2 Million Jobs

Republican presidential candidate Rick Perry outlined plans Friday to dramatically increase U.S. energy production and create 1.2 million jobs, taking aim at federal regulations he said are strangling the economy.

Perry’s announcement at a U.S. Steel plant in a suburb near Pittsburgh came as the Texas governor seeks to shore up his campaign for the 2012 Republican presidential nomination after a series of shaky debate performances and distractions knocked him out of the front-runner position.

Read more: http://www.foxbusiness.com/industries/2011/10/14/perry-can-create-12-million-jobs/#ixzz1amTkdwCq

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BUCHANAN: SUICIDE OF A SUPER POWER

Via Drudge

BOOK WARNS OF END
Fri Oct 14 2011 07:00:25 ET

**Exclusive**

“As the faith that gave birth to the West is dying in the West, peoples of European descent from the steppes of Russia to the coast of California have begun to die out, as the Third World treks north to claim the estate. The last decade provided corroborating if not conclusive proof that we are in the Indian Summer of our civilization.”

So begins Pat Buchanan in his hardcore work, SUICIDE OF A SUPERPOWER.

“Will America Survive to 2025?”

Buchanan, set for maximum controversy, launches all rockets at introduction “Disintegrating Nation” — and does not let up for 400-plus pages.

“America is disintegrating. The centrifugal forces pulling us apart are growing inexorably. What unites us is dissolving. And this is true of Western Civilization….Meanwhile, the state is failing in its most fundamental duties. It is no longer able to defend our borders, balance our budgets, or win our wars.”

The books reads as if its been written to be left behind in the ruins, only to be found by a future civilization.

SUICIDE ranked #2,668 on AMAZON’s hit parade early Friday. It streets on Tuesday.

Now only the DRUDGE REPORT can offer a look inside.

Chapter 1: The Passing of a Superpower

“We have accepted today the existence in perpetuity of a permanent underclass of scores of millions who cannot cope and must be carried by society — fed, clothed, housed, tutored, medicated at taxpayer’s expense their entire lives. We have a dependent nation the size of Spain in our independent America. We have a new division in our country, those who pay a double or triple fare, and those who ride forever free.”

Chapter 2. The End of Christian America

If [Christopher] Dawson is correct, the drive to de-Christianize America, to purge Christianity from the public square, public schools and public life, will prove culturally and socially suicidal for the nation.

“The last consequence of a dying Christianity is a dying people. Not one post-Christian nation has a birth rate sufficient to keep it alive….The death of European Christianity means the disappearance of the European tribe, a prospect visible in the demographic statistics of every Western nation.”

Chapter 3. The Crisis of Catholicism

“Half a century on, the disaster is manifest. The robust and confident Church of 1958 no longer exists. Catholic colleges and universities remain Catholic in name only. Parochial schools and high schools are closing as rapidly as they opened in the 1950s. The numbers of nuns, priests and seminarians have fallen dramatically. Mass attendance is a third of what it was. From the former Speaker of the House to the Vice President, Catholic politicians openly support abortion on demand.”

“How can Notre Dame credibly teach that all innocent life is sacred, and then honor a president committed to ensuring that a woman’s right to end the life of her innocent child remains sacrosanct?”

Chapter 4. The End of White America

“[W]hite America is an endangered species. By 2020, whites over 65 will out-number those 17 and under. Deaths will exceed births. The white population will begin to shrink and, should present birth rates persist, slowly disappear.”

“Mexico is moving north. Ethnically, linguistically and culturally, the verdict of 1848 is being over-turned. Will this Mexican nation within a nation advance the goals of the Constitution — to “insure domestic tranquility” and ‘make us a more perfect union’? Or have we imperiled our union?” (Page 134)

Chapter 5. Demographic Winter

“Peoples of European descent are not only in a relative but a real decline. They are aging, dying, disappearing. This is the existential crisis of the West.” (Page 166)

“Not any Iranian weapon of mass destruction but demography is the existential crisis Israel faces….By mid-century…Palestinians west of the Jordan river will out-number Jews 2-1. Add Palestinians in Jordan, it is 3-1.”

“In a startling development of history, Russia’s population has fallen from 148 million in 1991 to 140 million today and is projected to plunge to 116 million by 2050, a loss of 32 million Russians in six decades.”

Chapter 6. Equality Vs. Freedom

“Those who would change society begin by changing the meaning of words. At Howard University, LBJ changed the meaning of equality from the attainable — an end to segregation and a legislated equality of rights for African-Americans — to the impossible: a socialist utopia.”

“Where equality is enthroned, freedom is extinguished. The rise of the egalitarian society means the death of the free society.”

“A time for truth. As most kids do not have the athletic ability to play high school sports, or the musical ability to play in the band, or the verbal ability to excel in debate, not every child has the academic ability to do high school work. No two children are created equal, not even identical twins. The family is the incubator of inequality and God its author.”

Chapter 7. The Diversity Cult

“The non-Europeanization of America is heartening news of an almost transcendental quality,” Wattenberg trilled.4 Yet, one wonders: What kind of man looks with transcendental joy to a day when the people among whom he was raised have become a minority in a nation where the majority rules?”

“Historians will look back in stupor at 20th and 21st century Americans who believed the magnificent republic they inherited would be enriched by bringing in scores of millions from the failed states of the Third World.”

Chapter 8: The Triumph Of Tribalism

America’s war of revenge against Japan was a race war. Newsreels, movies, magazines, comic books, headlines treated “Japs” as a repulsive race whose extermination would benefit mankind….Only well after the war was over was it re-branded a war to bring the blessings of democracy to…Japan.

We may deny the existence of ethnonationalism, detest it, condemn it. But this creator and destroyer of empires and nations is a force infinitely more powerful than globalism, for it engages the heart. Men will die for it. Religion, race, culture and tribe are the four horsemen of the coming apocalypse.

Chapter 9. ‘The White Party’

“Through its support of mass immigration, its paralysis in power to prevent 12-20 million illegal aliens from entering and staying, its failure to address the “anchor-baby” issue, the Republican Party has birthed a new electorate that will send it the way of the Whigs.”

Chapter 10: The Long Retreat

“We borrow from Europe to defend Europe. We borrow from the Gulf states to defend the Gulf states. We borrow from Japan to defend Japan. Is it not a symptom of senility to be borrowing from the world so we can defend the world?”

“Are vital U.S. interests more imperiled by what happens in Iraq where were have 50,000 troops, or Afghanistan where we have 100,000, or South Korea where we have 28,000 — or by what is happening on our border with Mexico?…What does it profit America if we save Anbar and lose Arizona?”

Chapter 11: The Last Chance

“We are trying to create a nation that has never before existed, of all the races, tribes, cultures and creeds of Earth, where all are equal. In this utopian drive for the perfect society of our dreams we are killing the real country we inherited — the best and greatest country on earth.”

Developing…

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Lunch Break: Greed is Good

[youtube:http://www.youtube.com/watch?feature=player_embedded&v=vjH4QBSwWlg 450 300]

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Jim Cramer Voices Support for Occupy Wall Street Crowd

When asked “if you were 20 years old, would you be protesting down at Zucotti park?”, Cramer replied “probably yes.” Then his face instantly dropped, like WTF did I just say? Oh no, my bank friends are gonna be sooo pissed, OMGROFLMAO.

Lame.

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