The Best Recession Forecaster Talks to BI (chart porn)

What does he see ?

If your into retailers then you should listen up to the teens who have disposable income….

Gimme that phone already

Photos and vid

Being reported by Europe and hitting markets.

GLT

Gapping up

RBS +4.6%, TOT +0.5%, DB +1.8%, BCS +1.6%, MT +1.4%,  CIEN +2.3%, SWK +1.2%, BBVA +1.2%, IGT +1.1%,  CIEN +2.3%ping

BBVA +1.2%, INHX +1.8%,  CTRP+1.2%,

Gapping down

SFLY -5.9%, IRE -4.3%, CPNO -4.2%, NVS -1.8%, ING -1.6%, TS -1.5%, SAP -1%, MBLX -37.6%, CRDC -16.7%,

JDAS -12.2%, DMND -11%, EK -10.7%,  MDR -1.1%,  VMW -2.9%, BECN -0.4%,

Source

American International Group, Inc. (NYSE: AIG) Started as Hold at Stifel Nicolaus.
BankUnited, Inc. (NYSE: BKU) Started as Outperform at Wells Fargo.
The Charles Schwab Corporation (NYSE: SCHW) Cut to Market Perform at Wells Fargo.
Chesapeake Energy Corporation (NYSE: CHK) Reiterated Sell and lowered estimates at Argus.
Citrix Systems, Inc. (NASDAQ: CTXS) Raised to Buy from Neutral at Citigroup.
Dr. Pepper Snapple Group, Inc. (NYSE: DPS) Cut to Market Perform at Wells Fargo.
Guess? Inc. (NYSE: GES) Cut to Neutral as Bear of the Day at Zacks.
Humana, Inc. (NYSE: HUM) Raised to Outperform as Bull of the Day at Zacks.
RealNetworks Inc. (NASDAQ: RNWK) maintained Speculative Buy with $15 price target at Canaccord Genuity.
Regions Financial Corporation (NYSE: RF) Started as Market Perform at Wells Fargo.
Titan International, Inc. (NYSE: TWI) named as value stock of the day at Zacks.
VMware Inc. (NYSE: VMW) Cut to Sell with an $80 price target at Citigroup.
Yandex N.V. (NASDAQ: YNDX) Started as Underweight at HSBC.

In Play

On the Wires

But everything is a ok….no ?

Import prices down 0.1

Export prices fall 0.5%

Petroleum prices down 0.4%

In a effort to reduce bureaucracy Obama proposes shrinking 6 divisions into one. On the one hand it sounds great, on the other we must consider checks and balances….and the consolidation of power.

Full article  

Near term economic prospects will keep oil high says GS…

This article is praising the amount of people hired in 2011 vs 2010. It also talks about a few companies that will hire a few hundred to a few thousand people at best. No to be negative; it is a step in the right direction…..but is it enough ?

Full article

Full report

The largest insurance broker is ditching the U.S. for London so they can have better exposure to emerging markets.

Full article

Covet that shiny metal….

Why do leaders and markets only take the short term view ?

Full article

“An immediate reserve-ratio cut probably won’t come soon given policy makers’ concern about a possible rebound in inflation,” said Wu Kan, afund manager at Dazhong Insurance Co., which oversees $285 million. “The tight liquidity condition won’t change soon. Earnings risks have yet to be fully exposed with the reporting season kicking off.”

Full article

Keep your eye on this issue as it is important that foreign reserves stay balanced for the health of many currencies.

Full article