Samsung missed on the top line ,but just manged to beat the bottom line. Going forard analyst expect a peak in earnings next Q.
Comments »Monthly Archives: July 2012
Monti Chooses Austerity Over Tax Increases
I thought the U.K. was a perfect example of what effects austerity have. At any rate, this move is considered kicking the can down to the next government in Italy.
The next government will form within a year.
Comments »Poor Spanish, German Data, and Lower Rates Send the Euro Lower
The Euro continues to slide this am, but the speed is not so bad as it and equities await a hopeful jobs report in the U.S.
Comments »Equities Get the Jitters Over Spain’s Yields Breaching 7%
The Spanish 10 year note just popped over 7.03% giving world equities and commodities the heebie jeebies…
Comments »The IMF Will Cut Global Growth Estimates Shortly
“The International Monetary Fund will reduce its estimate for global growth this year on weakness in investment, jobs and manufacturing in Europe, the U.S., Brazil, India and China, Managing Director Christine Lagarde said.
“The global growth outlook will be somewhat less than we anticipated just three months ago,” Lagarde said in a speech in Tokyo today. “And even that lower projection will depend on the right policy actions being taken.” The new outlook will be announced in 10 days, after an April estimate of 3.5 percent, she said.”
Comments »Global Markets and U.S. Futures Trade Lower
Today’s Hybrid Movers
Report: $VHC to $118?
NYC: 17 Shootings During Fourth of July Festivities
Wednesday’s Fourth of July celebrations in New York City were marred by a streak of violence, with NYPD officials confirming that 12 people were shot Wednesday between 5PM and 12AM.
The New York Post reports one victim, a 33-year old man in the Flatlands neighborhood of Brooklyn, died from a fatal shooting to his head. Two unrelated shootouts within 15 minutes of each other also injured five.
Comments »We’ve Been DYING To Run These Gold Charts For You, And Now We Finally Can
A huge development happened in the world of economic chart-making today. FRED, the brilliant economics data and charts site that’s run by the St. Louis Federal reserve, has finally added gold prices to the database.
Read the article and see the graphs here.
Comments »
Making Sense of Volatility
A good article explaining both what volatility means, what it is, and how it is measured.
Read the article here.
Comments »Explainer: Why the LIBOR scandal is a bigger deal than JPMorgan
This is a big deal. Remember that JP Morgan scandal a few months back? That was mostly JP Morgan hurting itself. The LIBOR scandal was Barclay’s making money by hurting you.
Read the article here.
Comments »Ritholtz: Top 10 Investor Errors: Mutual Fund vs ETFs
Read about the number 6 of the top ten investor error, here.
Comments »Why This Month-Old Startup Is The Most Promising To Launch In A While
Read about the the Rebelmouse startup here.
Comments »Here’s What 23 Top Economists Are Predicting For Tomorrow’s Huge Jobs Number
The range of estimates of the 23 economists surveyed by Business Insider is for a gain between 70,000 and 135,000. The Business Insider median projection is for a 100,000 increase in net payrolls.
We rounded up the top U.S. economists’ predictions
Read the predictions here.
Comments »Today’s Top Short Squeezes
Recent Corn Rally in Context of Twenty Years of Corn Futures Prices
Vix and More is out with a great analysis of the recent corn rally in relation to previous corn rallies over the last 20 years.
In other words, this could be just the beginning of a huge move in corn prices, particularly given that the price move of the last month or so comes on top of a much higher base.
Read the article here.
Comments »FLASH: SPANISH AND ITALIAN YIELDS UP; THE EURO IS LOWER
FLASH: ITALIAN AND SPANISH MARKETS ARE IN PLUNGE MODE
Market Update
Time for me to go back on holiday. Tee time is at 12pm.
Make sure to wash down that burnt food off the BBQ with some beer.
