How Important Is This Region?
http://www.theoildrum.com/node/10003
What Say The Bears?
http://www.marketwatch.com/story/bears-cite-performance-chasing-as-stocks-rise-2013-05-24
Japanese Turmoil
http://www.reuters.com/article/2013/05/28/us-japan-economy-boj-idUSBRE94R03X20130528
Delay In Canadian Rate Hike?
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=af28788f-d99a-4e15-954d-7ef487bf3b45
How Goes Consumers
http://www.marketwatch.com/story/consumers-keeping-economy-on-track-2013-05-26?dist=lbeforebell
VIX: Is It Antiquated?
http://www.futuresmag.com/2013/05/27/vix-readers-start-to-weigh-on-stock-market-uptrend?ref=hp
Japan: A Different View
http://www.marctomarket.com/
Job Cuts
http://www.bloomberg.com/news/2013-05-27/u-k-banks-cut-189-000-with-employment-at-nine-year-low.html
Short Squeeze
http://blogs.wsj.com/moneybeat/2013/05/24/how-to-spot-the-next-short-squeeze/
Fear And Greed
http://money.cnn.com/data/fear-and-greed/?iid=SF_INV_FG
Deals
http://money.cnn.com/gallery/investing/2013/05/20/best-deals-investing.moneymag/index.html
Monday, May 27, 2013
Sunday, May 26, 2013
WEEKEND READS
The Liar Game
http://www.thefiscaltimes.com/Articles/2013/05/24/7-Ways-to-Spot-a-Liar-at-Work.aspx#page1
The Pain In Spain http://www.testosteronepit.com/home/2013/5/25/black-market-or-bust-the-stark-choice-facing-many-of-spains.html
Reality Sets In? http://www.reuters.com/article/2013/05/26/us-economy-global-idUSBRE94P0D820130526
Managers, Yes. Traders, no.
http://money.cnn.com/2013/05/24/investing/hedge-funds-women-babies/index.html
Job-Cutting The Greek Way
http://www.spiegel.de/international/europe/top-job-cutter-in-greece-worries-about-going-too-far-a-901234.html
Stock Market's Surge?
http://blog.milesfranklin.com/why-is-the-stock-market-going-up
Share Buy Backs Support Market
http://www.marctomarket.com/2013/05/great-graphic-focus-on-us-equties.html#more
Dementia Cure
http://blogs.marketwatch.com/encore/2013/05/23/study-vitamin-b-could-curb-dementia/
Tyranny Creeps On
http://news.investors.com/ibd-editorials/052413-657747-creeping-tyranny-working-against-reporters-and-churches.htm?ref=HPLNews
The Pain In Spain http://www.testosteronepit.com/home/2013/5/25/black-market-or-bust-the-stark-choice-facing-many-of-spains.html
Reality Sets In? http://www.reuters.com/article/2013/05/26/us-economy-global-idUSBRE94P0D820130526
Managers, Yes. Traders, no.
http://money.cnn.com/2013/05/24/investing/hedge-funds-women-babies/index.html
Job-Cutting The Greek Way
http://www.spiegel.de/international/europe/top-job-cutter-in-greece-worries-about-going-too-far-a-901234.html
Stock Market's Surge?
http://blog.milesfranklin.com/why-is-the-stock-market-going-up
Share Buy Backs Support Market
http://www.marctomarket.com/2013/05/great-graphic-focus-on-us-equties.html#more
Dementia Cure
http://blogs.marketwatch.com/encore/2013/05/23/study-vitamin-b-could-curb-dementia/
Tyranny Creeps On
http://news.investors.com/ibd-editorials/052413-657747-creeping-tyranny-working-against-reporters-and-churches.htm?ref=HPLNews
Thursday, May 23, 2013
BRIEFS
It's the blue faces the red again.
Only this time it's about jobs. You recall them. In the last four or so years not too many new ones around. So it's interesting to see which states are relating more new jobs, the red or the blue. And the winner is:
http://news.investors.com/052313-657271-red-states-beat-blue-states-on-economy-jobs.htm?ref=HPLNews
---
China's manufacturing continues it's lukewarm ways. Some analysts blame China for Japan's woes as both EU and Japanese equities take hit on the Chinese report.
http://online.wsj.com/article/SB10001424127887323336104578498902464473978.html
---
Only this time it's about jobs. You recall them. In the last four or so years not too many new ones around. So it's interesting to see which states are relating more new jobs, the red or the blue. And the winner is:
http://news.investors.com/052313-657271-red-states-beat-blue-states-on-economy-jobs.htm?ref=HPLNews
---
China's manufacturing continues it's lukewarm ways. Some analysts blame China for Japan's woes as both EU and Japanese equities take hit on the Chinese report.
http://online.wsj.com/article/SB10001424127887323336104578498902464473978.html
---
THURSDAY READS
Scandals Good Or Bad?
http://www.bloomberg.com/news/2013-05-22/are-obama-s-scandals-good-for-investors-.html
Meaningful Day?
http://investorplace.com/2013/05/daily-stock-market-news-will-the-key-reversal-day-be-the-markets-kiss-of-death/
Stand Pat Or Go
http://blogs.wsj.com/moneybeat/2013/05/23/will-japans-retail-investors-stay-or-flee/?mod=WSJBlog&mod=MarketsMain
Bernanke Comment
http://www.marctomarket.com/2013/05/market-responds-dramatically-to-bernanke.html
http://www.bloomberg.com/news/2013-05-22/are-obama-s-scandals-good-for-investors-.html
Meaningful Day?
http://investorplace.com/2013/05/daily-stock-market-news-will-the-key-reversal-day-be-the-markets-kiss-of-death/
Stand Pat Or Go
http://blogs.wsj.com/moneybeat/2013/05/23/will-japans-retail-investors-stay-or-flee/?mod=WSJBlog&mod=MarketsMain
Bernanke Comment
http://www.marctomarket.com/2013/05/market-responds-dramatically-to-bernanke.html
New Home Prices
http://www.usatoday.com/story/money/2013/05/23/april-new-home-sales/2354051/
At It Again
http://money.cnn.com/2013/05/23/news/economy/mortgage-backed-securities.pr.fortune/index.html
At It Again
http://money.cnn.com/2013/05/23/news/economy/mortgage-backed-securities.pr.fortune/index.html
Your Credit Score
Tuesday, May 21, 2013
TUESDAY READS
Chinese Equities And Commodities
http://www.financialsense.com/contributors/ryan-puplava/china-stock-market-commodities
Used Car Prices Fall
http://www.usatoday.com/story/money/cars/2013/05/20/used-car-prices-fall/2208637/
Bargain Hunters
http://news.investors.com/business-the-new-america/052013-656829-gnc-to-see-profit-boost-from-new-members.htm
Jobless Youth
http://www.spiegel.de/international/europe/europe-failing-to-combat-youth-unemployment-a-900621.html
Hiring
http://blogs.wsj.com/economics/2013/05/20/whats-holding-back-hiring/
French Economic Woes
http://investorplace.com/2013/05/france-needs-hollande-to-keep-his-word-on-economic-offensive/
Lower Gas Prices Retail Sales
http://money.cnn.com/2013/05/20/news/economy/gas-prices/index.html?iid=SF_E_LN
Don't Bet On It
http://ondline.wsj.com/article/SB10001424127887324767004578484913679967772.html?mod=WSJ_hpp_sections_personalfinance
http://www.financialsense.com/contributors/ryan-puplava/china-stock-market-commodities
Used Car Prices Fall
http://www.usatoday.com/story/money/cars/2013/05/20/used-car-prices-fall/2208637/
Bargain Hunters
http://news.investors.com/business-the-new-america/052013-656829-gnc-to-see-profit-boost-from-new-members.htm
Jobless Youth
http://www.spiegel.de/international/europe/europe-failing-to-combat-youth-unemployment-a-900621.html
Hiring
http://blogs.wsj.com/economics/2013/05/20/whats-holding-back-hiring/
French Economic Woes
http://investorplace.com/2013/05/france-needs-hollande-to-keep-his-word-on-economic-offensive/
Lower Gas Prices Retail Sales
http://money.cnn.com/2013/05/20/news/economy/gas-prices/index.html?iid=SF_E_LN
Don't Bet On It
http://ondline.wsj.com/article/SB10001424127887324767004578484913679967772.html?mod=WSJ_hpp_sections_personalfinance
Monday, May 20, 2013
DEBASING CURRENCIES
If you think debasing currencies isn't closely watched, read the following link from the WSJ.
Often referred to as "beggar thy neighbor," it's something that frequently cause central banks to intervene in the market to protect their goods. Here you have tiny Taiwan active in the market trying to prevent their currency from appreciating too much.
http://online.wsj.com/article/SB10001424127887324767004578488682893945140.html?mod=ITP_moneyandinvesting_1
Often referred to as "beggar thy neighbor," it's something that frequently cause central banks to intervene in the market to protect their goods. Here you have tiny Taiwan active in the market trying to prevent their currency from appreciating too much.
http://online.wsj.com/article/SB10001424127887324767004578488682893945140.html?mod=ITP_moneyandinvesting_1
MONDAY READS
That Leaving Feeling
http://online.wsj.com/article/SB10001424127887323398204578489261685554102.html?mod=ITP_pageone_1
TBTF
http://www.marketwatch.com/story/too-big-to-fail-is-now-bigger-than-ever-andy-xie-2013-05-19?pagenumber=2
Mistake Or Good Buy
http://finance.fortune.cnn.com/2013/05/19/yahoo-mistake-tumblr/
Global Connections
http://www.itau.com.br/itaubba-pt/analises-economicas/publicacoes/global-connections/developing-euphoria-felix-zulauf
Bernanke Testifies
http://www.cnbc.com/id/100749333
Read With Care
http://www.learnbonds.com/be-a-smart-investment-news-consumer/
Yield Curve
http://www.bondvigilantes.com/blog/2013/05/17/what-is-the-probability-of-a-u-s-recession-in-the-next-12-months/
Equities For Lunch
http://www.seeitmarket.com/3-reasons-investors-are-eating-us-equities-for-breakfast-13309/
http://online.wsj.com/article/SB10001424127887323398204578489261685554102.html?mod=ITP_pageone_1
TBTF
http://www.marketwatch.com/story/too-big-to-fail-is-now-bigger-than-ever-andy-xie-2013-05-19?pagenumber=2
Mistake Or Good Buy
http://finance.fortune.cnn.com/2013/05/19/yahoo-mistake-tumblr/
Global Connections
http://www.itau.com.br/itaubba-pt/analises-economicas/publicacoes/global-connections/developing-euphoria-felix-zulauf
Bernanke Testifies
http://www.cnbc.com/id/100749333
Read With Care
http://www.learnbonds.com/be-a-smart-investment-news-consumer/
Yield Curve
http://www.bondvigilantes.com/blog/2013/05/17/what-is-the-probability-of-a-u-s-recession-in-the-next-12-months/
Equities For Lunch
http://www.seeitmarket.com/3-reasons-investors-are-eating-us-equities-for-breakfast-13309/
Saturday, May 18, 2013
BRIEFS
We've talked about this sector before, so we won't labor the point. This article lists some of the reasons we would own parts of this sector before not after it rebounds. And it will rebound.
http://www.marketwatch.com/story/4-reasons-why-resources-stocks-are-a-natural-bet-2013-05-16?pagenumber=2
-----
rle
Threat of Default": US hits debt limit on Saturday, but by using a slew of shuffle maneuvers, shell games, tricks, and devices, the US won't actually run out of money until "after Labor Day," Treasury Secretary Jacob Lew told Congress in a letter. In his previous statement, the US would be "okay until Labor Day." Today, he was more frantic. He begged Congress to get its act together and do something "sooner rather than later" to “remove the threat of default.” In its infinite wisdom, Congress had suspended the debt limit till May 18, rather than dealing with it. The debt, though still over the limit, declined in April and early May; tax extractions were fattened by asset bubbles. But since May 10, the debt has once again been rising.
Testosterone Pit
----
One thing nobody seems to focus on is services inflation. It’s slower to turn both up and down. Services inflation got up to 4.7% in June 2008. It dropped below 2% in February 2009 and stayed below until August 2011. We’ve been mostly above since and reached a high of 2.9% in February 2013. The last two months have backed off to 2.6%. This compares to 0.5% for the regular CPI. Since November 2012, services inflation has been stronger than overall inflation. Maybe this is a good thing for an economy that’s 80-90% services and shows demand; but, I don’t really think so for an economy with a coincident index growth rate of 1.4%. If the Fed really want’s 2% inflation, they already have it for most of the economy. Why they focus on core and these other measures doesn’t make much sense.
http://www.marketwatch.com/story/4-reasons-why-resources-stocks-are-a-natural-bet-2013-05-16?pagenumber=2
-----
rle
Threat of Default": US hits debt limit on Saturday, but by using a slew of shuffle maneuvers, shell games, tricks, and devices, the US won't actually run out of money until "after Labor Day," Treasury Secretary Jacob Lew told Congress in a letter. In his previous statement, the US would be "okay until Labor Day." Today, he was more frantic. He begged Congress to get its act together and do something "sooner rather than later" to “remove the threat of default.” In its infinite wisdom, Congress had suspended the debt limit till May 18, rather than dealing with it. The debt, though still over the limit, declined in April and early May; tax extractions were fattened by asset bubbles. But since May 10, the debt has once again been rising.
Testosterone Pit
----
One thing nobody seems to focus on is services inflation. It’s slower to turn both up and down. Services inflation got up to 4.7% in June 2008. It dropped below 2% in February 2009 and stayed below until August 2011. We’ve been mostly above since and reached a high of 2.9% in February 2013. The last two months have backed off to 2.6%. This compares to 0.5% for the regular CPI. Since November 2012, services inflation has been stronger than overall inflation. Maybe this is a good thing for an economy that’s 80-90% services and shows demand; but, I don’t really think so for an economy with a coincident index growth rate of 1.4%. If the Fed really want’s 2% inflation, they already have it for most of the economy. Why they focus on core and these other measures doesn’t make much sense.
Daily Speculations
WEEKEND READS
More Confident
http://www.futuresmag.com/2013/05/17/americans-most-optimistic-since-2007-as-stocks-sur?ref=hp
One House's Market Outlook http://online.barrons.com/article/SB50001424052748704551504578487054194986208.html?mod=BOL_hps_oe#articleTabs_article%3D0
Quitting QE Risks
http://www.futuresmag.com/2013/05/17/quitting-qe-whats-at-risk?ref=hp
Nervous About The Market?
http://www.usatoday.com/story/money/columnist/waggoner/2013/05/16/investing-at-all-time-highs/2169983/
Claim Not Supported By Facts http://www.thefiscaltimes.com/Articles/2013/05/16/Data-Debunks-IRSs-Explanation-of-Extra-Scrutiny.aspx#page1
EU Running Out Of Oil http://www.energytribune.com/76816/the-world-is-not-running-out-of-oil-but-europe-is#sthash.phQcebbt.dpbs
Central Banks Buying Equities
http://www.financialsense.com/contributors/clif-droke/when-central-banks-buy-stocks
More Deception?
http://news.investors.com/051713-656551-obama-exaggerated-spending-deficit-budget-cuts.htm?ref=HPLNews
One House's Market Outlook http://online.barrons.com/article/SB50001424052748704551504578487054194986208.html?mod=BOL_hps_oe#articleTabs_article%3D0
Quitting QE Risks
http://www.futuresmag.com/2013/05/17/quitting-qe-whats-at-risk?ref=hp
Nervous About The Market?
http://www.usatoday.com/story/money/columnist/waggoner/2013/05/16/investing-at-all-time-highs/2169983/
Claim Not Supported By Facts http://www.thefiscaltimes.com/Articles/2013/05/16/Data-Debunks-IRSs-Explanation-of-Extra-Scrutiny.aspx#page1
EU Running Out Of Oil http://www.energytribune.com/76816/the-world-is-not-running-out-of-oil-but-europe-is#sthash.phQcebbt.dpbs
Central Banks Buying Equities
http://www.financialsense.com/contributors/clif-droke/when-central-banks-buy-stocks
More Deception?
http://news.investors.com/051713-656551-obama-exaggerated-spending-deficit-budget-cuts.htm?ref=HPLNews
Friday, May 17, 2013
JUST REMEMBER
In my younger and more vulnerable years my father gave me some advice that I've been turning over in my mind ever since.
"Whenever you feel like criticizing any one," he told me, "just remember that all the people in the world haven't had the advantages that you've had."
Nick Carraway
Now that still another remake of F. Scott Fitzgerald's classic novel, The Great Gatsby, has hit theaters, it's interesting to reexamine some of the themes Fitzgerald covered. The link below discusses a few things not to do, though we might take exception to a couple of their points.
An important word in the above quote is vulnerable. In part this is certainly a story about losing one's vulnerability. For those who haven't it might make the movie more enjoyable if you read the novel first.
Though diversification is important, no less an investor than Warren Buffett called it "diworsification." Most fortunes are made through focus, not by spreading oneself too thin. That's part of the risk. It comes with concentration. But so does, for the most part, big reward.
http://www.moneytalksnews.com/2013/05/17/6-ways-to-ruin-your-life-gatsby-style/?utm_source=newsletter&utm_campaign=email-2013-05-17&utm_medium=email
"Whenever you feel like criticizing any one," he told me, "just remember that all the people in the world haven't had the advantages that you've had."
Nick Carraway
Now that still another remake of F. Scott Fitzgerald's classic novel, The Great Gatsby, has hit theaters, it's interesting to reexamine some of the themes Fitzgerald covered. The link below discusses a few things not to do, though we might take exception to a couple of their points.
An important word in the above quote is vulnerable. In part this is certainly a story about losing one's vulnerability. For those who haven't it might make the movie more enjoyable if you read the novel first.
Though diversification is important, no less an investor than Warren Buffett called it "diworsification." Most fortunes are made through focus, not by spreading oneself too thin. That's part of the risk. It comes with concentration. But so does, for the most part, big reward.
http://www.moneytalksnews.com/2013/05/17/6-ways-to-ruin-your-life-gatsby-style/?utm_source=newsletter&utm_campaign=email-2013-05-17&utm_medium=email
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