Trouble Ahead
http://www.cnbc.com/id/100810640
Market Turmoil Opportunity
http://finance.fortune.cnn.com/2013/06/12/market-turbulence-el-erian/?iid=HP_Highlight
Money At The Fed
http://finance.fortune.cnn.com/2013/06/12/federal-reserve-bank-deposits/?iid=HP_LN
Bubbles Not Jobs
http://www.testosteronepit.com/home/2013/6/10/proof-feds-qe-is-great-for-bubbles-for-jobs-not-so-much.html
Most Bang
http://investorplace.com/2013/06/podcast-how-to-get-the-most-bang-for-your-tuition-buck/
Economy On The Mend
http://www.marketwatch.com/story/former-fed-president-talks-qe3-tapering-2013-06-11?dist=tbeforebell
Bourses Sink
http://news.investors.com/investing-international-leaders/061113-659594-asia-europe-bourses-tumble.htm?ref=HPLNews
Wednesday, June 12, 2013
Tuesday, June 11, 2013
EXIT STRATEGY AND SOME MUSINGS
Musings of a Cut Man
Just waiting
Lying here in my hotel room waiting to go down to breakfast with trainer and fighter. It's Saturday, 6-8-13. Got a fight later today at Home Depot Center in Compton.
There are 11 fights, all outside. We're scheduled to go in around 4 or 5. But they make you show up hours early. So there's a lot of waiting. Usually the night before go to a movie. Saw decent one last night, The Internship, a comedy. Good to have some laughs.
You want your fighter relaxed, rested and ready. The three Rs. And they ain't readin', 'ritin' and 'rithmetic.
Walking back to hotel saw one of those white big Ford F 150 jobs. Ford has made a decent comeback. It reminded me of you. Think you had one of those once. Maybe still do.
Anyway, brought to mind a piece I wrote a while back while I was waiting. Here it is.
Many of us aren't grateful enough.
We don't fully grasp the importance of gratitude. It's such an easy, simple take-it-for granted thing.
No, this isn't going to be another of those motivational pieces that makes you feel great for the next 30 seconds or until your IBS flares up again. This is much more serious.
Country songs, especially the slower ones, usually tell a story. Often a heart-ripping one.
A few years ago on the backroads of my more energetic youth I first learned about the magical power of gratitude. I'll try to make this brief and not too heavy or sad.
Me and my significant other, as they say, had tried and tried and tried.Things got bad, they got worse and I had no idea what to do. Then one day driving home from work in my big white Ford F-150 with the Montana mud flaps, moose antlers on the hood and the empty gun rack in the back, I heard it on the radio for the first time, a song about a guy and his significant other.
Like us they had tried and tried. He grit his teeth, tried not to complain. While she continued to spend money like it was so much falling rain. And one day without warning or cause she announced it was pack-up the suitcase time.
He sounded more than sad as he walked her to the door and she said she wasn't coming back anymore.
He tossed her bags in the truck and headed for the bus station. After he dropped her off, he just sat there in silence until the bus slowly pulled out of sight.
That's when it really hit him. It was finally final. She was gone. Every time I think about that song it makes me appreciate gratitude even more. Especially the chorus: "Thank God and Greyhound. You're gone."
For me it was Amtrac. And all I can say is, thank God and Joe Biden for government subsidies.
So here's an investing tip. Make sure your exit strategy's in place. But it's mobile. You can move it. If it goes off, be grateful you have some cash to get a better position. If you miss it, so what.
Opportunities are a lot like IBS. You never know when they're going to show up. But you always have to be ready.
Ok old friend when you find work, drop me a line.
TUESDAY READS
Beware Stinking Thinking
http://www.minyanville.com/trading-and-investing/stocks/articles/Rotation-from-Non-US-Stocks-to/6/10/2013/id/50249
Gold Falls http://www.bloomberg.com/news/2013-06-11/gold-trades-near-two-week-low-on-stimulus-outlook-assets-gain.html
Book's Sales Soar
http://www.zerohedge.com/news/2013-06-11/sales-george-orwells-1984-have-surged-6884-last-24-hours
Cultural Split http://www.reuters.com/article/2013/06/10/us-turkey-protests-cultures-insight-idUSBRE9590GS20130610
Off At Open http://money.cnn.com/2013/06/11/investing/stocks-markets/index.html?iid=HP_LN
Senior Income http://money.cnn.com/2013/06/10/retirement/retirement-income/index.html?iid=HP_Highlight
Labor Market Turmoil
http://online.wsj.com/article/SB10001424127887324904004578537251643591248.html?mod=ITP_pageone_2
Spying On World http://www.spiegel.de/international/world/prism-leak-inside-the-controversial-us-data-surveillance-program-a-904761.html
Positive At Last
http://blogs.marketwatch.com/thetell/2013/06/10/tips-yield-turns-positive-on-10-year-note-for-first-time-since-2012/
Six Ways Low Rates Hurt http://www.thefiscaltimes.com/Articles/2013/06/10/6-Ways-Low-Interest-Rates-Hurt-Retirees.
Gold Falls http://www.bloomberg.com/news/2013-06-11/gold-trades-near-two-week-low-on-stimulus-outlook-assets-gain.html
Book's Sales Soar
http://www.zerohedge.com/news/2013-06-11/sales-george-orwells-1984-have-surged-6884-last-24-hours
Cultural Split http://www.reuters.com/article/2013/06/10/us-turkey-protests-cultures-insight-idUSBRE9590GS20130610
Off At Open http://money.cnn.com/2013/06/11/investing/stocks-markets/index.html?iid=HP_LN
Senior Income http://money.cnn.com/2013/06/10/retirement/retirement-income/index.html?iid=HP_Highlight
Labor Market Turmoil
http://online.wsj.com/article/SB10001424127887324904004578537251643591248.html?mod=ITP_pageone_2
Spying On World http://www.spiegel.de/international/world/prism-leak-inside-the-controversial-us-data-surveillance-program-a-904761.html
Positive At Last
http://blogs.marketwatch.com/thetell/2013/06/10/tips-yield-turns-positive-on-10-year-note-for-first-time-since-2012/
Six Ways Low Rates Hurt http://www.thefiscaltimes.com/Articles/2013/06/10/6-Ways-Low-Interest-Rates-Hurt-Retirees.
Sunday, June 9, 2013
MONDAY READS
Asian Stocks up
http://www.bloomberg.com/news/2013-06-10/asian-stocks-rise-on-u-s-jobs-data-japan-shares-rally.html
Tax Cut Possibility http://www.testosteronepit.com/home/2013/6/9/made-in-america-renaissance-begins.html
Trouble In Paradise
http://www.thefiscaltimes.com/Articles/2013/06/10/Obamas-Scandals-Help-the-Tea-Party-Hurt-His-Friends.aspx#page1
Better World?
http://www.reuters.com/article/2013/06/09/us-usa-security-identity-idUSBRE9580DW20130609
They Won't Say
http://www.marketwatch.com/story/10-things-economists-wont-tell-you-2013-06-08
Big Brother Rides Again
http://news.investors.com/ibd-editorials/060713-659266-nothing-modest-about-obamas-encroachments-on-privacy.htm?ref=HPLNews
Consider The Source Article
http://money.cnn.com/2013/06/07/technology/security/nsa-data-prism/index.html
When Bond Yields Rise
http://www.marketwatch.com/story/where-to-put-your-money-when-bond-yields-rise-2013-06-08?link=MW_home_latest_news
Market In Knots?
http://www.marctomarket.com/2013/06/currency-positioning-and-technical_8.html
http://www.bloomberg.com/news/2013-06-10/asian-stocks-rise-on-u-s-jobs-data-japan-shares-rally.html
Tax Cut Possibility http://www.testosteronepit.com/home/2013/6/9/made-in-america-renaissance-begins.html
Trouble In Paradise
http://www.thefiscaltimes.com/Articles/2013/06/10/Obamas-Scandals-Help-the-Tea-Party-Hurt-His-Friends.aspx#page1
Better World?
http://www.reuters.com/article/2013/06/09/us-usa-security-identity-idUSBRE9580DW20130609
They Won't Say
http://www.marketwatch.com/story/10-things-economists-wont-tell-you-2013-06-08
Big Brother Rides Again
http://news.investors.com/ibd-editorials/060713-659266-nothing-modest-about-obamas-encroachments-on-privacy.htm?ref=HPLNews
Consider The Source Article
http://money.cnn.com/2013/06/07/technology/security/nsa-data-prism/index.html
When Bond Yields Rise
http://www.marketwatch.com/story/where-to-put-your-money-when-bond-yields-rise-2013-06-08?link=MW_home_latest_news
Market In Knots?
http://www.marctomarket.com/2013/06/currency-positioning-and-technical_8.html
Wednesday, June 5, 2013
THURSDAY READS
Keep Your Eye On Food Prices
http://www.financialsense.com/contributors/jr-nyquist/food-energy-prices-may-skyrocket
Are You Ready? http://www.financialsense.com/contributors/christopher-quigley/get-ready-to-be-cyprused-at-a-bank-near-you
Conquer Wrap Rage
http://www.moneytalksnews.com/2013/06/05/how-to-open-plastic-packaging-without-injuring-yourself/?utm_source=newsletter&utm_campaign=email-2013-06-05&utm_medium=email
It's Back
http://www.creditwritedowns.com/2013/05/us-declining-savings-and-deleveraging-leads-to-releveraging.html
Get Ready
http://www.reuters.com/article/2013/05/31/pimco-ecb-idUSL5N0EA3DA20130531
Mini Dictators Come In All Professions
http://www.pharmalive.com/how-docs-can-get-rid-of-sales-reps-in-a-few-easy-steps
http://www.financialsense.com/contributors/jr-nyquist/food-energy-prices-may-skyrocket
Are You Ready? http://www.financialsense.com/contributors/christopher-quigley/get-ready-to-be-cyprused-at-a-bank-near-you
Conquer Wrap Rage
http://www.moneytalksnews.com/2013/06/05/how-to-open-plastic-packaging-without-injuring-yourself/?utm_source=newsletter&utm_campaign=email-2013-06-05&utm_medium=email
It's Back
http://www.creditwritedowns.com/2013/05/us-declining-savings-and-deleveraging-leads-to-releveraging.html
Get Ready
http://www.reuters.com/article/2013/05/31/pimco-ecb-idUSL5N0EA3DA20130531
Mini Dictators Come In All Professions
http://www.pharmalive.com/how-docs-can-get-rid-of-sales-reps-in-a-few-easy-steps
Tuesday, June 4, 2013
UP DATE ON MENDELEZ
We've written about this company before, most recently just a few days ago and befor that back in March. So we won't repeat ourselves. Here's another link.
http://www.marketwatch.com/story/3-value-stocks-the-smart-money-is-buying-now-2013-06-04?pagenumber=2
________
Interesting gold graph from Visualizing Economics about real price of gold.
http://visualizingeconomics.com/blog/2013/6/4/the-real-price-of-gold-since-1791?utm_source=Email+Subscribers+for+Blog&utm_campaign=44b3ac0208-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_98db807ad8-44b3ac0208-3309561
________
http://www.marketwatch.com/story/3-value-stocks-the-smart-money-is-buying-now-2013-06-04?pagenumber=2
________
Interesting gold graph from Visualizing Economics about real price of gold.
http://visualizingeconomics.com/blog/2013/6/4/the-real-price-of-gold-since-1791?utm_source=Email+Subscribers+for+Blog&utm_campaign=44b3ac0208-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_98db807ad8-44b3ac0208-3309561
________
WEDNESDAY READS
Sorry Now
http://wallstreetsectorselector.com/2013/06/sellers-remorse-for-gold-stocks/#
Abe's Big Plan
http://www.marketwatch.com/story/japans-abe-unveils-major-new-policies-2013-06-05
June Swoon?
http://news.investors.com/investing-mutual-funds/060413-658757-mutual-funds-gained-again-in-may.htm?p=full
JP Morgan In The News Again
http://www.bloomberg.com/news/2013-06-05/jpmorgan-s-alabama-debacle-set-to-cost-bank-1-5-billion.html
Here It Comes Again
http://online.wsj.com/article/SB10001424127887324423904578525701936124838.html?mod=ITP_pageone_0
Fed Policy Hurts Retirees
http://www.foxbusiness.com/personal-finance/2013/06/03/low-rates-make-retirees-gnash-their-teeth/?cmpid=prn_investorplace
Safe Water?
http://www.medscape.com/viewarticle/772712
Good Jobs? What Good Jobs?
http://blogs.wsj.com/economics/2013/06/04/feds-raskin-bemoans-quality-of-new-jobs/
http://wallstreetsectorselector.com/2013/06/sellers-remorse-for-gold-stocks/#
Abe's Big Plan
http://www.marketwatch.com/story/japans-abe-unveils-major-new-policies-2013-06-05
June Swoon?
http://news.investors.com/investing-mutual-funds/060413-658757-mutual-funds-gained-again-in-may.htm?p=full
JP Morgan In The News Again
http://www.bloomberg.com/news/2013-06-05/jpmorgan-s-alabama-debacle-set-to-cost-bank-1-5-billion.html
Here It Comes Again
http://online.wsj.com/article/SB10001424127887324423904578525701936124838.html?mod=ITP_pageone_0
Fed Policy Hurts Retirees
http://www.foxbusiness.com/personal-finance/2013/06/03/low-rates-make-retirees-gnash-their-teeth/?cmpid=prn_investorplace
Safe Water?
http://www.medscape.com/viewarticle/772712
Good Jobs? What Good Jobs?
http://blogs.wsj.com/economics/2013/06/04/feds-raskin-bemoans-quality-of-new-jobs/
MORE ON MERCK
Lots of investors have been frightened by Obama Care and it's so-called negative implication on health care in general. Rather than saving money or lowering overall costs, as its proponents propose, we believe just the opposite.
It will prove a disaster of major proportions. Disasters draw attention.
With that theme in tow, as pointed out previously, pebbles tossed in water have ripples. Those ripples often take the form of necessity leading to adjustments or altered behavior. Big pharma will adjust, people want cures, wanting cures crosses all boundaries, cultural, racial, religious, age and gender.
Once upon a time Merck ran one of the finest research units. Despite some obvious potholes ahead, we believe they are headed in that direction again though it won't necessarily look or act exactly like the previous one.
http://online.wsj.com/article/SB10001424127887324063304578523560981960152.html?mod=WSJ_qtoverview_wsjlatest
http://online.barrons.com/article/SB50001424052748704509304578515391643495844.html?mod=BOL_hps_highlight_top
It will prove a disaster of major proportions. Disasters draw attention.
With that theme in tow, as pointed out previously, pebbles tossed in water have ripples. Those ripples often take the form of necessity leading to adjustments or altered behavior. Big pharma will adjust, people want cures, wanting cures crosses all boundaries, cultural, racial, religious, age and gender.
Once upon a time Merck ran one of the finest research units. Despite some obvious potholes ahead, we believe they are headed in that direction again though it won't necessarily look or act exactly like the previous one.
http://online.wsj.com/article/SB10001424127887324063304578523560981960152.html?mod=WSJ_qtoverview_wsjlatest
http://online.barrons.com/article/SB50001424052748704509304578515391643495844.html?mod=BOL_hps_highlight_top
Monday, June 3, 2013
TUESDAY READS
Problems Everywhere
http://www.zerohedge.com/news/2013-06-03/18-signs-massive-economic-problems-are-erupting-everywhere
Interesting Read
http://cafehayek.com/2013/06/quotation-of-the-day-652.html
Losing Momentum
http://www.cnbc.com/id/100786488
Not Everyone Wants To Cut Austerity
http://www.bloomberg.com/news/2013-06-03/slovenia-shows-why-the-eu-shouldn-t-discard-austerity.html
Natural Gas Boom
http://money.cnn.com/2013/06/04/news/economy/natural-gas-exports/index.html
Fed-Inspired Move
http://www.marketwatch.com/story/us-stocks-mixed-ahead-of-manufacturing-data-2013-06-03?pagenumber=2
Weak Manufacturing Numbers
http://online.wsj.com/article/SB10001424127887324563004578523100247860088.html?mod=ITP_pageone_0
EU Fiddles
http://www.thefiscaltimes.com/Columns/2013/06/03/Post-Austerity-Europe-Gropes-for-a-Game-Plan.aspx#page1http://www.zerohedge.com/news/2013-06-03/18-signs-massive-economic-problems-are-erupting-everywhere
http://www.zerohedge.com/news/2013-06-03/18-signs-massive-economic-problems-are-erupting-everywhere
Interesting Read
http://cafehayek.com/2013/06/quotation-of-the-day-652.html
Losing Momentum
http://www.cnbc.com/id/100786488
Not Everyone Wants To Cut Austerity
http://www.bloomberg.com/news/2013-06-03/slovenia-shows-why-the-eu-shouldn-t-discard-austerity.html
Natural Gas Boom
http://money.cnn.com/2013/06/04/news/economy/natural-gas-exports/index.html
Fed-Inspired Move
http://www.marketwatch.com/story/us-stocks-mixed-ahead-of-manufacturing-data-2013-06-03?pagenumber=2
Weak Manufacturing Numbers
http://online.wsj.com/article/SB10001424127887324563004578523100247860088.html?mod=ITP_pageone_0
EU Fiddles
http://www.thefiscaltimes.com/Columns/2013/06/03/Post-Austerity-Europe-Gropes-for-a-Game-Plan.aspx#page1http://www.zerohedge.com/news/2013-06-03/18-signs-massive-economic-problems-are-erupting-everywhere
NOT ON MY WATCH
Today's WSJ lead story, "Deficit Deal Even Less Likely," cites the near-term shrinking fiscal deficit coupled with a slowing increase in health care costs and "partisan gridlock" as the reasons.
In its "What's News" section just to the left is a related story many will fail to connect. But make no mistake, they're connected. In fact, the Illinois story holds part of the key to the deficit deal.
Illinois faces America's worst state-pension crisis, a nearly $97 billion shortfall. Higher borrowing costs are just one of the many negative ramifications of failing to resolve the issue.
In Illinois Democrats enjoy big majorities in the House and Senate, making the issue mostly an intraparty squabble. And that should tell you something about politicians in general. They are not now and never will be your friend.
Bottom line both of these entities, the federal and state governments, are doing their best impersonations of the EU. Postpone the pain for as long as possible. Postpone it long enough and maybe it will just go away.
It's just one more less subtle way of saying: "Not on my watch."
http://online.wsj.com/article/SB10001424127887324423904578521600404730028.html?
mod=ITP_pageone_0
http://online.wsj.com/article/SB10001424127887324423904578521651802578678.html?KEYWORDS=illinois+pension
In its "What's News" section just to the left is a related story many will fail to connect. But make no mistake, they're connected. In fact, the Illinois story holds part of the key to the deficit deal.
Illinois faces America's worst state-pension crisis, a nearly $97 billion shortfall. Higher borrowing costs are just one of the many negative ramifications of failing to resolve the issue.
In Illinois Democrats enjoy big majorities in the House and Senate, making the issue mostly an intraparty squabble. And that should tell you something about politicians in general. They are not now and never will be your friend.
Bottom line both of these entities, the federal and state governments, are doing their best impersonations of the EU. Postpone the pain for as long as possible. Postpone it long enough and maybe it will just go away.
It's just one more less subtle way of saying: "Not on my watch."
http://online.wsj.com/article/SB10001424127887324423904578521600404730028.html?
mod=ITP_pageone_0
http://online.wsj.com/article/SB10001424127887324423904578521651802578678.html?KEYWORDS=illinois+pension
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