Yields for Italy, Spain, France, and Germany …
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Monthly Archives: November 2012
BOEHNER: OBAMACARE ‘LAW OF THE LAND’
“In an exclusive interview with ABC News today, House Speaker John Boehner said there would be no more attempts to repeal Obamacare. “Obamacare is the law of the land,” he said. “The election changed” the situation, said Boehner.
While some conservatives will no doubt see this as Boehner caving, it is also a testament to political realities: the Senate is Democrat, and so is the president. The chances of a repeal are zero. Nonetheless, Boehner’s remarks underscore the effect of this election in enshrining Obamacare into the American way of life.”
Comments »Three Year Arrested for Peeing on His Front Lawn
” (NaturalNews) Judging by the cost of the ticket and the inflexible attitude of the police officer issuing it, you’d think Piedmont, Okla. had a huge problem with toddlers running all over the place urinating on anything and everything in their paths.
Only, it doesn’t. In fact, the incident is so isolated – and the case so ridiculous and bizarre – not only does it boggle the mind, but it defies logic and reason at every level.
Here are the details.
The parents of three-year-old Dillan Warden are in the process of trying to potty train the little tyke. Any parent who has taken on this task knows this is a time-consuming, arduous process that involves teaching the toddler how to recognize when he needs to relieve himself and what to do when that time comes.
That feeling of recognition, so to speak, came for little Dillon as he was playing in his own front yard recently. With no bathroom nearby, he did what he has been taught to do – he pulled down his pants and prepared to relieve himself.
Expensive bathroom break
But before he could actually relieve himself, the long arm of the law intervened. Thank goodness; a crime spree stopped dead in its tracks.
Still, just the toddler’s attempt was enough to earn the ire of the cop and his mother a $2,500 ticket.
“Dillan pulled down his pants to pee outside, I guess, and the cop pulled up and asked for my license and told me he was going to give me a ticket for public urination,” the boy’s mother, Ashley Warden, said.
“I said really, he is 3 years old, and he said it doesn’t matter,” said Dillan’s grandmother, Jennifer Warden. “[He said] It is public urination. I said we are on our property and he said it’s in public view.”
Local news media covering this horrific crime story reported that the family lives on a two-and-a-half acre plot of land, adding that the “street is actually quite rural” in nature.”
Comments »Dianne Feinstein Moves To Ban ALL Assault Rifles
“The agenda no longer needs to be hidden from public view. With President Obama winning another term and democrats taking control of the Senate, the move to fundamentally change America from within has begun – with a vengeance.
We’re all aware of the restrictive gun laws in the State of California which require low capacity magazines for handguns, fixed magazines for “assault” rifles, and a whole lot of running around just to be granted the right to carry a concealed firearm.
Now, Senator Dianne Feinstein (D-CA), who has championed gun control in her state for decades and co-wrote the original assault weapons ban enacted by the federal government in the 1990′s, wishes to bring even more stringent federal mandates to the land of the free.
What is being proposed by Feinstein is the most significant attack on the second amendment in history.”
Read more
Should You Short $INTC?
The Nikkei Gaps Down
Italian Economy; Maybe 2014 Then…
Italy’s economy is likely to contract 2.3% this year due to plummeting business investment and private consumption, the European Commission said Wednesday, slashing a February forecast for a more modest 1.3% economic contraction.
The euro-zone’s third-largest economy will also contract next year by around 0.5% before expanding 0.8% in 2014, according to the new projections from the European Union’s executive body.
Italy’s public debt should peak next year at 128% and decline modestly the following year, according to the new projections.
The European Union’s new view suggests that more fiscal austerity lies ahead for Italy. The “structural” budget deficit–adjusted for the business cycle and one-off measures–should decline to 0.4% of gross domestic product next year but rise again to 0.9% of GDP in 2014.
Read here:
Comments »A Look Inside White Collar Prison
You are awakened every morning at 6:00 sharp.
No rolling over and catching a few extra minutes of sleep. The lights are on, bright and unrelenting, and you can’t turn them off.
You could use the extra sleep, though, because you never — ever — get a good eight hours. Every night, without fail, you are awakened at midnight, 3:00 a.m. and 5:00 a.m. Every single night.
But there is no time to dwell on that this morning, or any morning.
You have exactly 90 minutes to shower, get dressed, make your bed — no, you can’t let that go for today, or any day for that matter — get some breakfast and get to your job, where the most you will ever hope to make is $1.15 an hour.
Welcome to life at the Federal Correctional Institution at Sandstone, the low-security federal prison in Northern Minnesota where Marc Dreier is serving a 20-year sentence for conspiracy, fraud and money laundering.
Read here:
Comments »Priceline To Buy Kayak For $1.8B
NORWALK, Conn. (AP) — Priceline.com Inc. plans to buy online travel-research company Kayak Software Corp. for $1.8 billion to expand its travel business.
Priceline will pay about $500 million in cash and $1.3 billion in stock and assumed options. The deal values Kayak at $40 a share, a 29 percent premium over its closing price Thursday.
Shares of Kayak — which also reported a 78 percent jump in third-quarter earnings — soared in after-hours trading while Priceline shares fell.
Kayak allows users to compare hundreds of travel sites when looking for flights, hotels and rental cars. It then sends the consumer to other websites to complete their purchase and earns fees on the referrals, although some bookings can be made directly on Kayak’s website and mobile applications. It also sells advertising.
Kayak was created by the same executives who helped launch other travel sites including Expedia, Travelocity and Orbitz. The company went public in July after delaying its offering more than a year while it waited for the market to strengthen.
The strategy of waiting seemed to work — the shares jumped 28 percent on the first day of trading, and Priceline will pay 57 percent more than Kayak’s IPO price.
Read here:
Comments »Gold Outperforms Stocks for a Third Year in a Row
“Year-to-Date, the S&P 500 has just dropped back below Gold…Gold’s performance year-to-date just surpassed that of the S&P 500 once again. If this remains the case into year-end, this will be the third year in a row that Gold has outperformed stocks. Looking forward, which ‘asset’ would you choose – Stocks with an implied volatility of 17% or Gold at 15.75% to the end of the year? Sharpe Ratio anyone? Perhaps asking your ‘asset allocator’ what his weighting is based on will be a worthwhile conversation – with the outperforming returns (past is not a predictor of the future – and noone knows) but lower forward risk expectations?
YTD performance across asset classes…”
Comments »“S&P’s Current Price Move is Eerily Similar to the Movement Leading up to the Collapse in 1987” (chart porn)
$PCLN to Buy $KYAK for $1.8 Billion
“Priceline.com Inc. PCLN -1.06% has agreed to buy Kayak Software Corp.KYAK -1.59% in a $1.8 billion cash-and-stock deal, buying a travel search site that went public earlier this year.
Priceline will pay around $500 million in cash and $1.3 billion in equity and assumed stock options. The transaction values Kayak at $40 a share, a 29% premium to its Thursday close and 57% higher than its July IPO.
Kayak’s current management team will continue to manage its operations as part of the Priceline group of companies. The deal, which is subject to shareholder approval and a regulatory nod, is expected to close by the end of the first quarter of 2013.”
Comments »S&P: 15% Chance US Goes Off ‘Fiscal Cliff’
“Standard & Poor’s on Thursday said it sees an increasing chance that the U.S. economy will go over the “fiscal cliff” next year, though policymakers will probably compromise in time to avoid that outcome.
Analysts at the credit ratings agency now see about a 15 percent chance that political brinkmanship will push the U.S. economy — the world’s largest — over the fiscal cliff.”
Comments »$GRPN Misses Estimates and Puts Out Few Pink Slips
“Groupon shares crashed another 16% after earnings, to a new all-time low of $3.25 a share.
Why?
Because the company blew another quarter.
Revenue of $569 million came in below expectations of $590 million.
EPS of $0.00 missed estimates of $0.03 cents.
And Groupon’s guidance was disappointing.
The company actually blames Europe:”
Comments »Bulls Get a Little Kick in the Nutz
Not a bloody day like yesterday, but a follow through day none the less.
S&P closes below the 200 day and we had accelerated selling into the bell.
DOW down 120
S&P down 17
NASDAQ down 41
Gold up $19
WTI up $0.55
Ouch Indeud!
Annus Horribilis a Year Late ? (Fractal Analysis)
Odd coincidence that i was reading an article on DOW 6k and then Harry Dent has an interview on CNBC talking about debt and DOW 6k today.
Here is an interesting article, (from the beginning of the year,) on Fractal Analysis and DOW 6k.
Comments »Breaking the Neckline: Could $AAPL Go To $390?
“….Double it might but in the near-term it’s setting up for another 25% decline below what might be consider the neckline of an emerging head-and-shoulder top all the way down to 390 (nearly 30% from current levels)….”
Comments »Global Credit Cycle Suggest More Vol and Less Returns Going Forward
“After a brief period of stabilization, our measure of global credit impulse has plummeted. This does not bode well for European equities.
The credit impulses in all three major economies – the euro area, the U.S. and China – are now negative, albeit very slightly in the case of China. This is the first time in three years that all three components have been simultaneously negative. And after hovering at a point of inflection the combined credit cycle indicator has lurched down again.”
Comments »ETF Corner
Most heavily shorted
RTH, XRT, RKH, FXE, XOP
Today’s Biggest Gainers
FXP, YANG, BZQ, RUSS, SQQQ
Today’s Biggest Losers
GREK, UVU, XPP, YINN, UBR
Top ETF Stock Components
$BCA, $MSFT, $SPG, $XOM, $AAPL
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