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Monthly Archives: January 2012

Government Subsidies Need to Change

 

[youtube://http://www.youtube,com/watch?v=cXH331pz6OM 450 300]

Don’t forget about the food stamps that can buy soda and junk food in most states, but not protein powders and other healthy stuff from the local health food stores.

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Gary Shilling Thinks U.S. Debt Will Push Us Into Recession

“Despite a recent spate of uplifting economic indicators, the U.S. economy will slide into a recession in 2012 and likely spend most of the year in it, says investor and author A. Gary Shilling.

While the country is showing some signs of improvement, decades of debt continue to weigh on the overall economy, which will need another year of de-leveraging before growth and normalcy can return.

Despite recent stronger economic data, the United States is likely to fall into a recession that will spread globally. The reason? “The U.S. has too much debt — and reducing it hurts growth,” Shilling writes in a Christian Science Monitory column.”

Full article

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Today’s 52 Week Highs and Lows

NYSE

New Highs 194 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Abbott Labs                   ABT         56.65            5,061,125 
AllianceBrnstn IncoFd         ACG         8.20               452,718 
Alliant Energy                LNT         44.57              444,430 
Bebidas de Americas ADS       ABV         37.16            2,323,213 
Bebidas de Americas ADS C     ABV/C       29.63               23,020 
Amer Campus Communities       ACC         43.32              407,563 
American Elec Power           AEP         41.98            2,932,658 
Amer Fincl Grp                AFG         37.65              260,798 
Amer Muni Income Ptf          XAA         14.65               15,170 
Amer Safety Insurance         ASI         22.32               15,017 
Asbury Automotive             ABG         22.19              221,125 
Assd Banc-Corp.8.00%Pfd       ABWpB       25.27                9,761 
Assurant                      AIZ         42.06              321,420 
Atlas Pipeline Partners       APL         37.95              441,199 
BCE Inc                       BCE         42.51              586,005 
Bankrate                      RATE        23.08              312,320 
BlackRock Build Am Bd Tr      BBN         21.71              233,243 
BlackRockFL Muni 2020         BFO         15.40                1,081 
BlkRk Muni Inter Dur          MUI         15.45               43,610 
BlackRock  Muni Bnd           BIE         15.38                8,137 
BlackRock Muni                BBK         16.20               48,445 
BlkRk Munienhanced            MEN         11.88               72,118 
BlkRk MuniHldgs Qlty II       MUE         14.50               63,167 
BlkRk MuniHldgs Quality       MUS         14.19               22,000 
BlkRk MuniYld CA Fd           MYC         15.14               36,916 
BlkRk MuniYield               MYD         14.95               53,138 
BlkRk MuniYld Inv             MYF         14.83               31,615 
BlkRd MuniYld Michigan II     MYM         14.84               17,956 
BlkRk MuniYld MI Qlty         MIY         15.55               29,087 
BlkRk MuniYld NJ Fd           MYJ         15.66               23,729 
BlRk Muyld NY Qlty            MYN         14.11               47,892 
BlkRk MuniYld Quality         MQY         15.90               21,923 
BlackRock NJ Municipal Tr     BNJ         15.75                5,582 
Brown Forman B                BF/B        82.33              128,575 
Buckeye Tech                  BKI         34.75              358,222 
CH Energy Group               CHG         59.74               47,029 
CMS Energy Corp               CMS         22.40            2,110,332 
CVS Caremark                  CVS         41.65            4,968,864 
Crp Ast Bkd Tr JCP 7.675%     PFH         25.65                2,100 
Cantel Med                    CMN         28.68               38,261 
Centene                       CNC         40.94              219,849 
Chesapeake Granite Wash       CHKR        24.38              385,153 
Chevron                       CVX         110.29           6,929,003 
Chipotle Mexican Grill        CMG         350.49             504,989 
Chubb Corp                    CB          70.62            1,534,805 
Citizens Inc                  CIA         10.00               66,593 
Clarcor Inc                   CLC         51.64              144,087 
Clean Harbors                 CLH         65.32              282,909 
Cleco Corp                    CNL         38.60              615,563 
Community Bank Sys            CBU         28.77              186,268 
ConAgra Foods                 CAG         26.72            2,154,867 
CoreSite Realty               COR         18.53              123,581 
DCP Midstream Ptnrs           DPM         48.47              136,457 
DWS Strategic Muni Inco       KSM         14.20               25,444 
Delphi Automotive             DLPH        22.93              772,136 
Delphi Fincl                  DFG         44.65            1,053,966 
Diageo PLC                    DEO         89.43              643,573 
Digital Realty Trust          DLR         68.01              469,295 
Dominion Resources            D           53.68            1,718,470 
Dycom Indus                   DY          21.71              133,671 
Ecolab Inc                    ECL         58.58            1,227,070 
Edison Intl                   EIX         41.90            1,834,788 
Education Realty Trust        EDR         10.52              424,312 
El Paso Corp                  EP          26.97            5,717,575 
Elan Corp                     ELN         14.10            3,743,057 
EnbridgeEnergy                EEQ         35.54               76,899 
Enbridge Inc                  ENB         38.06              601,257 
Entergy Louis 1 Mtg Bd        ELA         27.69                5,932 
Entergy Inc6.0 Bd2051         EMZ         28.19                9,276 
Entergy MI 6.20%              EFM         29.18                3,871 
Enterprise Pdts Partners      EPD         46.94            1,001,549 
Equity Residentl Dep. Shs     EQRpN       26.25               12,163 
Extra Space Storage           EXR         24.77              817,208 
FNB Corp                      FNB         11.72              848,021 
Fst Niagara Finl Pfd B        FNFGpB      26.20               84,664 
FortuneBrandsHome&Sec         FBHS        17.36              808,041 
GATX                          GMT         45.14              106,004 
Gabelli Utility Tr            GUT         7.85                38,193 
Genuine Parts                 GPC         62.51              545,906 
GlaxoSmithKline ADS           GSK         46.50            1,884,726 
Goldman Sachs Grp 6.50%       GSJ         25.15               71,827 
Goodrich Corp                 GR          123.89             469,038 
Gulf Pwr Co Nts               GUA         29.60                7,654 
HCP                           HCP         42.42            1,899,639 
HnckJohn TxAdv                HTD         17.49               73,022 
Health Care REIT              HCN         55.76            1,167,828 
Heartland Payment             HPY         25.01              129,589 
Hershey                       HSY         62.38              659,559 
Home Depot                    HD          42.90            5,046,645 
Idacorp                       IDA         42.89              179,461 
Imperva                       IMPV        35.59               49,754 
Inergy Midstream LP           NRGM        19.25              141,502 
Integrys Engy Gp              TEG         54.73              232,404 
Invesco InsCa                 ICS         14.48                6,767 
Invesco IMInc                 IIM         16.21               25,850 
Invesco Insured Mun Tr        IMT         15.59               25,817 
Invesco Qlty Mun Inco         IQI         13.53               25,446 
Invesco Van Kampen Mun Tr     VKQ         14.13               52,059 
InvescoVK OHQlty              VOQ         15.93                5,841 
Inv Vn Km NJ                  VTJ         17.45                4,828 
JHancock Pr Div               PDT         13.65              108,206 
Kayne Anderson Engy Dev       KED         21.56               40,941 
Kinder Morgan Energy          KMP         85.77              472,066 
Kinder Morgan                 KMI         32.88            2,239,018 
Kinder Morgan Mgmt            KMR         79.75              287,715 
Kirby Corp                    KEX         69.29              586,272 
Kodiak Oil & Gas              KOG         9.98             5,411,727 
Kraft Foods                   KFT         38.05            4,814,235 
LTC Properties                LTC         31.59               83,233 
Laredo Petroleum Hldgs        LPI         22.89              240,804 
LifeTime Fit                  LTM         48.45              312,696 
Eli Lilly                     LLY         42.03            4,033,823 
Lockheed Martin               LMT         82.99            1,376,253 
Magellan Midstream            MMP         69.53              158,794 
Main Street Capital           MAIN        22.23              244,615 
Marsh & McLennan              MMC         32.26            1,692,172 
McDonald's                    MCD         101.59           5,826,774 
Merck                         MRK         38.42           10,748,703 
Mercury Genl                  MCY         46.76              120,332 
Mistras Group                 MG          26.24               67,679 
Nelnet A                      NNI         25.07               74,993 
Niagara Mhwk Pwr 3.9% pfd     NMKpC       95.50                  300 
99 Cents Only Stores          NDN         22.03              328,804 
NiSource                      NI          24.06            1,897,391 
Northeast Utilities           NU          36.52              762,883 
Nstar                         NST         47.54              176,715 
Nuveen AZ Premium Income      NAZ         14.18                3,137 
Nuveen Build Am Bd Fd         NBB         21.25              213,680 
Nuveen CA Investment          NQC         14.77               27,001 
Nuveen California Select      NVC         15.12               34,900 
Nuveen Ins CA                 NXC         14.24                1,349 
Nuveen Div Fnd                NAD         14.62               40,553 
Nuveen Enhncd Mun Val Fd      NEV         14.44               55,165 
Nuveen Invest Qual Muni       NQM         15.95               92,645 
Nuveen Mich Premium Inc       NMP         14.22               11,157 
Nuveen MI Quality Income      NUM         14.68                9,253 
Nuveen Muni Advantage Fd      NMA         14.75               51,295 
Nuveen Muni High Income       NMD         11.44               29,959 
Nuveen NJ Premium Income      NNJ         15.54               11,561 
Nuveen NY Muni Value Fund     NNY         9.99                16,398 
NuveenPremIncmMuni            NNF         15.96                7,579 
Nuveen Pa Investment Qual     NQP         15.27               15,803 
Nuveen Prem Inco Muni 4       NPT         13.50               37,890
Nuveen Quality Muni Fund      NQI         15.05               33,523 
OGE Energy                    OGE         57.54              171,987 
Oneok Inc                     OKE         88.13              441,356 
Omnicare Inc                  OCR         35.87            1,242,062 
Parker Drillng                PKD         7.55               613,609 
PartnerRe Pfd E               PREpE       26.65               15,312 
Pfizer                        PFE         22.00           31,917,670 
Philip Morris Intl            PM          79.96            3,850,337 
Pier 1 Imports                PIR         14.43              960,940 
PimcoNY Fd                    PYN         9.54                 4,789 
Pionr Muni HI Tr              MHI         15.12               83,892 
Plains All Amer Pipeline      PAA         74.18              304,082 
Progress Energy               PGN         56.39              769,160 
Public Storage                PSA         138.46             400,352 
Public Storage Ser O          PSApO       28.92                2,739 
Questar Corp                  STR         20.17              470,212 
RLI Corp                      RLI         74.46               79,503 
Rayonier REIT                 RYN         45.44              632,553 
Rlty Inc Cl D 7.375% MIPS     OpD         27.21                4,634 
RenaissanceRe Hldgs           RNR         75.70              441,541 
RenaissanceRe Hldgs 6.08%     RNRpC       25.16               18,823 
Roper Indus                   ROP         89.13              227,048 
SandRidge Mississip Tr        SDT         32.27              576,743 
Scana 7.70%Sers A             SCU         29.57                4,251 
Scana Corp                    SCG         45.58              509,217 
Sherwin-Williams              SHW         93.31            1,066,115 
Simon Property Group          SPG         132.29           1,159,138 
Six Flags Entertainment       SIX         42.84              284,383 
Southwest Gas                 SWX         43.22              146,621 
Standard Motor                SMP         21.36              152,801 
Stepan Co                     SCL         84.86                8,665 
Tanger Factory Outlet Ctr     SKT         30.16              261,843 
Targa Resources               TRGP        41.75              157,898 
Taubman Ctrs                  TCO         63.81              309,679 
Thermon Group Holdings        THR         17.99               80,967 
Tredegar                      TG          23.48               37,822 
UIL Hldgs                     UIL         35.84              282,591 
Unitil Corp                   UTL         29.00               22,757 
Union Pacific                 UNP         109.10           1,646,735 
Vectren Corp                  VVC         30.69              262,871 
Verizon Communications        VZ          40.48           13,231,136 
Wal-Mart Stores               WMT         61.06            7,827,210 
Webster Financial Wt          WBS/WS      9.29                   100 
Westar Energy                 WR          29.13              404,929 
Western Gas Partners LP       WES         42.04               93,185 
White Mountains Insur         WTM         457.50               5,688 
Williams Cos                  WMB         27.92           12,438,668 
Williams Ptnrs un             WPZ         61.54              202,673 
Wyndham Worldwide             WYN         38.90            3,634,432 
Xcel Energy                   XEL         27.93            2,222,121 
YUM! Brands                   YUM         59.90            1,905,694 

New Lows 3 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
BlackRock Utility & Infr      BUI         19.77              230,479 
Gushan Environmental Engy     GU          1.00                51,206 
Hugoton Royalty Tr Un         HGT         18.58              145,525

NASDAQ

New Highs 68 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Acorn Energy                  ACFN        6.55                47,608 
Advisory Board                ABCO        76.46               52,302 
Alexion Pharm                 ALXN        72.67              923,132 
Alterra Capital Holdings      ALTE        24.00              196,973 
American Software  (Cl A)     AMSWA       9.68                80,310 
Amgen                         AMGN        65.19            6,371,042 
Barrett Business Svcs         BBSI        20.08               19,372 
BioMarin Pharmaceutical       BMRN        35.60              848,678 
CVB Fincl                     CVBF        10.46              329,379 
Cache                         CACH        6.48                10,154 
Carrols Restaurant Group      TAST        11.89               63,375 
Celgene                       CELG        68.95            1,634,385 
Century Bancorp  (Cl A)       CNBKA       28.95                3,842 
Charming Shoppes              CHRS        5.07               883,972 
Cintas                        CTAS        35.70              704,440 
Citizens Republic Bancorp     CRBC        11.70              177,853 
Clovis Oncology               CLVS        14.87               18,013 
Community Trust Bancorp       CTBI        30.45               52,982 
Copart                        CPRT        48.60              258,444 
Core Mark Hldg Co             CORE        40.65               15,652 
Curis                         CRIS        4.80               569,562 
DealerTrack Hldgs             TRAK        28.80              237,679 
Delta Natural Gas Co          DGAS        34.77                  375 
Dollar Tree                   DLTR        84.53              773,219 
Elizabeth Arden               RDEN        38.27               82,334 
Fastenal Co                   FAST        44.93            1,370,337 
First Bancorp Inc             FNLC        16.00                9,270 
Fred's                        FRED        14.89              187,032 
Golar LNG                     GLNG        46.00              499,401 
Google                        GOOG        661.79           2,051,809 
HMS Hldgs                     HMSY        32.83              262,825 
Halozyme Therapeutics         HALO        10.00              377,232 
HealthStream                  HSTM        19.33              221,026 
Home BancShares               HOMB        26.74               30,847 
Intuitive Surgical            ISRG        471.62             194,731 
Lincoln Electric Hldgs        LECO        40.43              171,130 
Mattress Firm Holding         MFRM        24.37              136,283 
McGrath RentCorp              MGRC        29.78               38,774 
Multimedia Games Holding      MGAM        8.38               245,036 
Neurocrine Biosciences        NBIX        8.92               244,005 
NewsCorp A                    NWSA        18.50           14,150,555 
OSI Systems                   OSIS        50.50               56,951 
Old Dominion Freight Line     ODFL        41.76              284,315 
PC Connection                 PCCC        11.93               67,613 
RAM Energy Res                RAM         3.45             5,424,095 
Retail Opp Investment         ROIC        11.95              230,536 
Salix Pharmaceuticals         SLXP        49.07              551,242 
Select Comfort                SCSS        23.39            1,232,753 
Signature Bank                SBNY        62.05              174,355 
Starbucks                     SBUX        47.04            3,426,835 
Synergetics USA               SURG        7.55               170,836 
Texas Capital Bancshares      TCBI        32.32              356,514 
Texas Cap Bancshares Wt       TCBIW       19.25                  500 
Tower Bancorp Inc             TOBC        29.30              112,822 
US Ecology                    ECOL        19.26               58,477 
US Home Systems               USHS        6.82                17,018 
Unico American                UNAM        12.36                3,914 
US Lime & Minerals            USLM        61.78                1,486 
Universal Truckload Svcs      UACL        18.80               35,795 
VOXX International            VOXX        9.00               101,438 
Verisk Analytics Inc          VRSK        40.52              912,960 
Video Display                 VIDE        6.14                 5,100 
Virginia Commerce Bancorp     VCBI        8.04                66,257 
ViroPharma                    VPHM        28.79              780,696 
Westport Innovations          WPRT        34.82              619,904 
Winmark                       WINA        59.73               19,241 
Woodward                      WWD         42.90              244,989 
World Acceptance              WRLD        74.95               74,274 

New Lows 25 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
Aware                         AWRE        2.30                42,825 
B Communications              BCOM        13.95                1,163 
BancTr Fincl Grp              BTFG        1.16                10,310 
BSQUARE                       BSQR        3.21                35,607 
Celgene Rt                    CELGZ       1.20                 6,565 
Central Val Cmnty Bk          CVCY        4.76                 3,223 
D Medical Industries          DMED        1.32                 8,001 
DSP Group                     DSPG        4.85               272,192 
Knightsbridge Tankers         VLCCF       13.48              247,563 
Mid Penn Bancorp              MPB         6.09                 4,369 
Millennium India Acqu         SMCG        0.61                16,600 
Ocean Rig UDW                 ORIG        11.70               42,663 
On Track Innovations          OTIV        1.00               148,878 
Orckit Comm                   ORCT        0.76               191,313 
ProShs UlShrt Nsdq Biot       BIS         31.69                  650 
ReachLocal                    RLOC        6.05               109,148 
Recovery Energy               RECV        2.88                 7,529 
Rodman & Renshaw              RODM        0.40                 5,400 
RRSat Global Comm Network     RRST        3.75                12,050 
Sears Hldgs                   SHLD        31.34            1,540,596 
Shutterfly                    SFLY        21.56            1,962,769 
Sigma Designs                 SIGM        5.54               480,748 
Stereotaxis                   STXS        0.80                46,603 
Telestone Techs               TSTC        3.20               610,391 
YRC Worldwide                 YRCW        7.94                60,184

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End to gasoline subsidy causes Nigerian riots

Read here:

FUELING ANGER: One man was killed at a demonstration protesting spiraling fuel prices in Nigeria amid signs of growing unrest over the government’s hugely unpopular decision to end a subsidy program that kept gas costs down for more than 20 years. The government says it will use $8 billion in savings to make much-needed infrastructure improvements.

PUMPED UP PRICES: Gas pump prices have more than doubled, to about $3.50 a gallon. In Nigeria gasoline is used not only to fuel cars, but to run generators that keep many businesses operating in a country with frequent power blackouts.

LOTS OF OIL, LOTS OF IMPORTS: Nigeria, an OPEC member nation producing about 2.4 million barrels of crude oil a day, is a top supplier to the U.S. virtually all of its petroleum products are imported after years of graft, mismanagement and violence at its refineries.

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