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Monthly Archives: November 2011

Today’s Money Flows

                                                          (in millions) 
Youku.com ADS                  YOKU    NYSE       17.50       +42.7       5.78 
Pharmasset                     VRUS    NASD      132.18       +38.2       1.45 
Lowe's Cos                     LOW     NYSE       24.18       +29.2       1.58 
FedEx                          FDX     NYSE       78.97       +19.9       1.75 
Microsoft                      MSFT    NASD       24.89       +18.3       1.25 
Citigroup                      C       NYSE       25.06       +16.0       1.09 
Coach                          COH     NYSE       60.43       +14.0       1.23 
iShs Brclys Aggregate Bd       AGG     ARCA      109.58       +13.8       1.98 
Time Warner Cbl                TWC     NYSE       57.91       +13.2       1.55 
iShrs MSCI Canada              EWC     ARCA       26.13       +13.2       3.42 
PepsiCo                        PEP     NYSE       63.70       +12.6       1.30 
Sanofi ADS                     SNY     NYSE       33.70       +12.6       2.17 
AT&T                           T       NYSE       28.20       +12.0       1.30 
BP PLC                         BP      NYSE       41.01       +11.6       1.67 
Brclys 1-3 Yr Trsry Bd         SHY     ARCA       84.52       +11.5       1.83 
Select Sector SPDR-Energy      XLE     ARCA       67.39       +11.4       1.16 
Hewlett-Packard                HPQ     NYSE       27.12       +10.8       1.19 
Corning Inc                    GLW     NYSE       13.03       +10.8       1.10 
IBM                            IBM     NYSE      181.83       +10.8       1.09 
Intel                          INTC    NASD       23.73        +9.8       1.16 

                                                          (in millions) 
Apple                          AAPL    NASD      373.89       -74.2       0.94 
iShrs Russell 2000             IWM     ARCA       69.51       -69.3       0.78 
SPDR S&P Bank                  KBE     ARCA       17.96       -60.9       0.03 
SPDR S&P MidCap 400 ETF        MDY     ARCA      153.16       -59.9       0.54 
JPMorgan Chase                 JPM     NYSE       28.50       -59.7       0.69 
Post Properties                PPS     NYSE       37.56       -36.2       0.06 
Computer Sciences              CSC     NYSE       23.26       -35.2       0.17 
Mkt Vectors Russia Tr SBI      RSX     ARCA       29.40       -32.5       0.27 
General Electric               GE      NYSE       14.91       -31.6       0.78 
ExxonMobil                     XOM     NYSE       77.15       -28.1       0.81 
Brclys 20+ Yr Trsry Bd         TLT     ARCA      120.13       -27.2       0.76 
Direxion Daily Sm Bear 3x      TZA     ARCA       34.41       -21.4       0.89 
iShs Tr DJ U.S. Real Es        IYR     ARCA       52.51       -20.0       0.47 
Southern Union                 SUG     NYSE       40.83       -18.6       0.47 
Vertex Pharm                   VRTX    NASD       27.17       -16.6       0.48 
Tiffany & Co                   TIF     NYSE       66.85       -16.4       0.89 
Google                         GOOG    NASD      584.52       -16.2       0.94 
iBoxx InvesTp Inv Grde Bd      LQD     ARCA      110.37       -14.7       0.61 
Bank Of America                BAC     NYSE        5.08       -14.2       0.92 
Republic Svcs                  RSG     NYSE       26.76       -13.7       0.33

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Best Place to Live: Vienna, Worst: Baghdad

Vienna’s excellent infrastructure, safe streets and good public health service make it the nicest place to live in the world, consulting group Mercer said in a global survey which put Baghdad firmly in last place.

German and Swiss cities also performed especially well in the quality of living rankings, with Zurich, Munich, Dusseldorf, Frankfurt, Geneva and Bern in the top 10.

The Austrian capital, with its ornate buildings, public parks and extensive bicycle network recently reduced the cost of its annual public transport ticket to 1 euro a day.

Serious crime is rare and the city of around 1.7 million inhabitants regularly tops global quality of life surveys.

But Mercer warned that top-ranking European cities could not take their position for granted in the survey, which assessed more than 200 cities.

“They are not immune to any decrease of living standards should this (economic) turmoil persist,” Mercer’s senior researcher Slagin Parakatil said on the company’s website.

Mercer, which also ranked cities according to personal safety, gave Athens a poor score because of clashes between demonstrators and police and political instability.

“In 2011 Athens is ranked in Europe among the lowest in the personal safety ranking,” Parakatil said.

Oslo also fell to 24th place in the separate safety survey because of Anders Breivik’s mass killings in July. It would usually be in the top 15, Mercer said.

Baghdad’s political turmoil, poor security enforcement and attacks on local people and foreigners made it the worst place to live in 2011, both in terms of life quality and safety, Mercer said.

Political and economic unrest in Africa and the Middle East also pushed down scores in those regions.

“Many countries such as Libya, Egypt, Tunisia and Yemen have seen their quality of living levels drop considerably,” Parakatil said.

“Political and economic reconstruction in these countries, combined with funding to serve basic human needs, will undoubtedly boost the region.”

He said that while the outlook is uncertain for most of the world because of economic and political turmoil, cities in Asia-Pacific look set to benefit thanks to political stability and solid growth.

Auckland, Sydney, Wellington, Melbourne and Perth made it into the top 20 for quality of life in 2011 while Singapore was the highest-ranking Asian city in 25th place.

Top 10 in Mercer Quality of Living survey

1 Vienna Austria

2 Zurich Switzerland

3 Auckland New Zealand

4 Munich Germany

5 Dusseldorf Germany

5 Vancouver Canada

7 Frankfurt Germany

8 Geneva Switzerland

9 Bern Switzerland

9 Copenhagen Denmark

Full city rankings: bit.ly/syDUPF

(Reporting by Sylvia Westall)


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Fed’s Lockhart Is Skeptical New Fed Action Will Help the Economy

"  --Lockhart supports current course of monetary policy 
   --Lockhart remains open to asset buying if circumstances warrant 
   --Lockhart: Fed shouldn't take any options off the table 
   --Lockhart: Unemployment to fall slowly through 2012 
   --Lockhart: US 4Q GDP likely between 2.5%-3% 
   --Lockhart: Europe can wound US most via unsettled financial markets 

   By Michael S. Derby 

NEW YORK (Dow Jones)–Expanding the Federal Reserve balance sheet via new purchases of bonds isn’t the tonic the economy needs right now, even as European financial woes threaten the outlook for the U.S., a central bank official said Tuesday.

“I am skeptical that further asset purchases will produce much gain in terms of increased economic activity,” Federal Reserve Bank of Atlanta President Dennis Lockhart said. “I don’t believe further bond purchasing by the Fed is a potent policy option given the set of circumstances we currently face.”

Lockhart is currently a voting member of the monetary policy-setting Federal Open Market Committee, and his comments came from the text of a speech he was to deliver before an event held by the University of Georgia Terry College of Business. The official spoke amid rising expectations the weak state of the economy and high unemployment will soon drive the Fed to expand its balance sheet beyond the current $2.8 trillion level, most likely through purchases of mortgage securities.

Central bankers have been debating in public comments the need for additional stimulus over recent weeks. While a number are uncomfortable with going beyond what the Fed is already doing–it has short-term interest rates near zero and is tweaking its current holdings to make overall credit cheaper–a key faction of officials are leaning toward doing more. These officials include New York Fed President William Dudley, vice chair of the FOMC, and Fed second-in-command Janet Yellen, who said Tuesday “the scope remains to provide additional accommodation through enhanced guidance on the path of the federal funds rate or through additional purchases of longer-term financial assets.”

Opponents of additional asset buying worry that in a time where many households are looking to cut debt, making credit cheaper simply won’t do much for the economy.”

Full article

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El-Erian: Europe Has Three Choices Including Collapse (video)

“1) “Fragmentation of the euro zone,” in which the 17 member nations would go their own way, which he said would be “incredibly disruptive not just for Europe but also for the global economy.”

2) “Full fiscal union,” in which the nations adopt uniform financial reforms that would be more political in nature.

3) A “middle ground” in which a “smaller but stronger euro zone” emerges where as many as three countries default on their debt and exit the EU.”

Watch El-Erian

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Could Home Ownership Fall to 1963 Levels ?

Home owners and investors are moving toward a deflationary perspective. Interest in a long term commitment are diminishing despite record low home prices and interest rates.

Forecast predict 62% home ownership by 2015.

Full article 

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