The picture above was the place of the skull, golgotha.
Still the only cross that matters!
These Wall Street fear mongers are just that!
Fear mongers!
Afraid of the cross!
Tuesday, July 27, 2010
Wait--what happened to the dreaded "Death Cross?"
The picture above was the place of the skull, golgotha.
Still the only cross that matters!
These Wall Street fear mongers are just that!
Fear mongers!
Afraid of the cross!
"What say ye bears????"
Oh my!! That was just last week! CREE closed that day at 68, after hitting a low of 64. It's now 76.
And now today, they'll take up ODP which is following OMX's footsteps!
Oh My!!
I ask again--"What say ye bears?"
As advertised!!!
Dupont beats and raises
DuPont shares up 4.8% premarket at $40.85 after solid second-quarter earnings and company’s increased EPS outlook. “Each cycle, DuPont presents two opportunities to investors,” Jefferies says. “As an early cyclical bellwether, it should rally before the economy turns. As a diversified conglomerate, it has the perennial promise of transformation and revival. Neither is fully priced in, in our view.” Jefferies listening on conference call for updates on productivity; outlook for raw materials vs pricing; forex impact; end market trends; and potential M&A, among other things.
Sorry bears---stocks are cheap--so look forward to PE expansions, as earnings going forward will be bid up more by investors.
Wait---what was the bearish case again?
Oh My!!!
Turn $45 into $200 million with a garage sale find of Ansel Adams photos!
Two small boxes he bought 10 years ago for $45 -- negotiated down from $70 -- are now estimated to be worth at least $200 million, according to a Beverly Hills art appraiser.
Those boxes contained 65 glass negatives created by famed nature photographer Ansel Adams in the early period of his career. Experts believed the negatives were destroyed in a 1937 darkroom fire that destroyed 5,000 plates.
"It truly is a missing link of Ansel Adams and history and his career," said David W. Streets, the appraiser and art dealer who is hosting an unveiling of the photographs at his Beverly Hills, California, gallery Tuesday.
The photographs apparently were taken between 1919 and the early 1930s, well before Adams -- who is known as the father of American photography -- became nationally recognized in the 1940s, Streets said.
"This is going to show the world the evolution of his eye, of his talent, of his skill, his gift, but also his legacy," Streets said. "And it's a portion that we thought had been destroyed in the studio fire."
How these 6.5 x 8.5 inch glass plate negatives of famous Yosemite landscapes and San Francisco landmarks -- some of them with fire damage -- made their way from Adams collection 70 years ago to a Southern California garage sale in 2000 can only be guessed.
The person who sold them to Norsigian at the garage sale told him he bought them in the 1940s at a warehouse salvage in Los Angeles.
Photography expert Patrick Alt, who helped confirm the authenticity of the negatives, suspects Adams carried them to use in a photography class he was teaching in Pasadena, California, in the early 1940s.
"It is my belief that he brought these negatives with him for teaching purposes and to show students how to not let their negatives be engulfed in a fire," Alt said. "I think this clearly explains the range of work in these negatives, from very early pictorialist boat pictures, to images not as successful, to images of the highest level of his work during this time period."
Alt said it is impossible to know why Adams would store them in Pasadena and never reclaim them.
The plates were individually wrapped in newspaper inside deteriorating manila envelopes. Notations on each envelope appeared to have been made by Virginia Adams, the photographer's wife, according to handwriting experts Michael Nattenberg and Marcel Matley. They compared them to samples provided by the Adams' grandson.
While most of the negatives appear never to have been printed, several are nearly identical to well-known Adams prints, the experts said.
Monday, July 26, 2010
For the nitpicker bears
Deal with it!
Time to scalp AMZN for a short
The chart sucks!!
Oh My!!! Bill Gross now is talking up stocks????
Bill Gross, who runs the world's biggest mutual fund, takes a seat in a conference room and makes a confession. Overlooking the ocean at the headquarters of Pacific Investment Management Co., Gross describes missteps that doomed his bond firm's earlier experiment with equities.
At meetings where Pimco set its strategies, Gross's bond traders overwhelmed the firm's handful of equity managers, shooting down their bullish arguments promoting stocks. With limited freedom to pursue their investing ideas, the equity managers quit after about two years.
"Those sessions basically said, 'Hey, we're a bond shop. This is what we're going to do. It's the party line,' " said Gross, 66, "If I've been a problem, then I can be the solution in terms of allowing equity investments to grow and prosper."
Pimco, which has been synonymous with bonds for almost four decades, is taking another run at equities. It might not be the most propitious time to plunge into stocks. Volatility, as measured by the Chicago Board Options Exchange Volatility Index, was at a 14-month high in late May, as the sovereign debt crisis swept through Europe.
Driving Pimco's move into equities is its chief executive, Mohamed El-Erian, who says the global economy is entering a period of fundamental transformation he calls the "new normal."
El-Erian says mounting deficits and tighter financial regulation will dampen growth in the United States and the euro zone for the next three to five years. Emerging-market nations such as Brazil and China, with stable levels of government debt and expanding middle classes, should continue to thrive, he said.
In the new normal, investors will be faced with anemic returns and they'll seek alternatives, said El-Erian, who's embracing several new asset classes. In the past year, he's presided over the creation of an equity mutual fund and a unit to invest in hedge, real estate and buyout funds. Pimco has also started 10 exchange-traded funds, or ETFs.
"We are living through a remarkable time of change," said El-Erian, 51, who shares the title of chief investment officer with Gross. "We want to make sure we navigate the changes for our clients."
Not everyone agrees with this analysis from Newport Beach, Calif.-based Pimco. Some U.S. Cabinet officials and securities analysts said El-Erian's new normal is off the mark.
End to bond rally
More than 2,000 forecasters set price estimates showing the Standard & Poor's 500-stock index will jump 26 percent in the 12 months through May 2011 as corporate profits rise, according to data compiled by Bloomberg....
(the rest of the 5 page article at WaPo)
Weekly Corporate Calendar
· Mon Jul 26: earnings before the open (Luxottica, Reckitt Benckiser, Pearson, SOHU, SVVS, LO, ACV); earnings after the close (SANM, PLT, ACL, PCL, VECO, VLTR, SLG, BEC, ZRAN, CR, RRC, UHS, MAS, RKT, ACGL, LM, RGA)
· Tues Jul 27: earnings before the open (BP, DB, UBS, SAP, Danone, Xstrata, Misys, Arm Holdings, Daimler, Deutsche Borse, TMO, LXK, ODP, X, AKS, DD, LII, RCI, PCAR, UIS, CPO, OXY, TIN, TEVA, LLL, LMT, JEC, PVTB, ABC, CIT, WXS, KSU, VLO, CMI, TLAB, NDAQ); earnings after the close (NATI, ACE, TCK, NSC, KIM, ENH, DWA, BRCM, IGT, NBR, WBSN, CENX, NLC, CBG, CHH, AJG, PMTC, DST, MEE, AFL, BLKB, BXP, RFMD, CEPH, CHRW, AET)
· Wed Jul 28: earnings before the open (AUO, MT, Wincor Nixdorf, CSR, VMED, Infineon, Carphone Warehouse, British American Tobacco, Sage Group, IP, TBL, LAZ, AVX, GLW, HES, CMCSA, PX, ROK, CCE, HSP, ID, NEM, IACI, GD, ARW, D, ATI, SLAB, WLP, S, PFCB, CP, BA, SO, NYB, COP, AVY); earnings after the close (AKAM, BMC, CDNS, EQIX, WSH, CTXS, AMP, CERN, CINF, RE, V, SYMC, CYH, LSI, RNOW, DRIV, NEWP, GSIC, ESRX, CTV, LNC, CLF, AIZ, EFX, VRTX, TER, LOGI)
· Thurs Jul 29: earnings before the open (Telefonica, Merck KGaA, Publicis, France Telecom, Santander, Dassault, Volkswagen, BAE Systems, Bayer, Sanofi, RDS, Siemens, AZN, TSM, MCO, MYL, DBD, IPG, MJN, IRM, TEN, TYC, STRA, CAB, DPS, DIN, LIFE, ADP, IMAX, SCOR, CME, COV, GR, RTN, MDP, Sony, CL, KBR, NIHD, CELG, DRE, NOC, G, BHE, LZ, POT, CRS, GT, BEN, PMI, MOT, K, XOM, RSH); earnings after the close (KLAC, MFE, WFR, QSFT, VALE, IM, AMCC, SYNA, ARBA, HLIT, TSRA, FSLR, PTV, GNW, ROVI, MET, APKT, VSEA, MXIM, Samsung, EXPE, TUNE, CAVM)
· Fri Jul 30: earnings before the open (Total, Anglo American, ACI, NWL, CSE, AON, SPG, MCK, WY, UFS, CVX, MDC, FO, BWA, LPX, MRK, ALU, EADS, JCDecaux, British Airways, Nomura, ITT, ASX, Tokyo Electron, AXL)
Taleb: Deficts are the next black swan
The massive one is government deficits....blah blah blah
You're saying that what is supposed to be the safest place to invest, government debt, is in some ways the most dangerous?
Unless you invest in your own home currency in very short-term Treasury bills....blah blah blah
You want a black swan that you will really see? Natalie Portman dressed up as one, because Taleb's swan is as alive as the one in Larry David!
Taleb needs to curb his enthusiasm!!
FedEx increases earnings outlook
Of particular benefit to our earnings is the continued strong demand for our higher-margin FedEx International Priority® (IP) package and freight services, with IP package volumes expected to grow more than 20% again this quarter. Customers are favorably responding to our superior service offerings, the capabilities of our unparalleled global network and the best-in-market cut-off times we now offer from numerous points in Asia.”
FedEx is also restoring the 401K match, and Kinko's is the go between place for those unemployed who don't yet have an office.
UPS upgrades outlook last week, and now this week it's FedEx.
Sunday, July 25, 2010
Woman robs McDonalds with a spanx girdle for a mask
Authorities said 51-year-old Sharon Lain of Midwest City admitted to being the underwear-masked bandit who made off with the contents of a cash drawer from the fast-food restaurant around 3 a.m. Tuesday.
A surveillance video captured the woman on tape and was broadcast on local television, prompting several tips that led police to a condemned home on Wednesday night where Lain was found living, said Midwest City Police Chief Brandon Clabes.
Police found the underwear - a white stretch girdle known as 'spanx' - along with illegal drugs, including methamphetamine.
Strippers at Shotgun Willie's are trained by Disney
Shotgun Willie's, 490 S. Colorado Blvd., is Denver's iconic topless bar. It's been taking it off since 1982, and it takes its name from Willie Nelson's album "Shotgun Willie." Walking into the peeler palladium is like driving into a mountain tunnel on a sunny day. It's so dark, at first you're blind, even wary. As your vision adjusts, you start to see — and you see a lot at "The Gun," as regulars call it. Women dance on seven stages; a few give "table dances" to gents on the sidelines; signage clearly says "$20 PER SONG." Solo men, and groups of them, gawk, smoke cigars, eat, drink and tip. It's a house of mirrors and black lights. The waitresses are in fishnet stockings, never to take a shift at Denny's.
BH: How do you teach them?
Matthews: We have seminars for the new girls and rotate girls who have been here awhile. They learn how to speak to somebody, how to focus on somebody. We send our managers to the Disney Institute for customer service. Think about it: They've been trained by Mickey Mouse.
Matthews: I love to read. I have a Kindle, and I love it. We have a book club for the staff called Strip It Down. We meet once a week. It's a conservative reading group.
BH: Well. What do you read?
Matthews: Friedrich Hayek's "The Fatal Conceit," "Super Freakonomics," the Federalist Papers. We talk about the prisoner's dilemma (a philosophical question about human behavior).
Another double implant booty bottom shaping up
Oh My!!
I got a text the other day, from a hedge fund in CA who assured me that BAC was now "dead money."
Oh My!! Come on, it was just the HFT boys ganging up on Paulson's position, coupled with the negative spin on earnings.
But if you ever wanted to buy BAC, you need to do it now!!
And those short?
They'll be spanxed and left holding that bag!
Oh My! J Crew bounces off the double implant booty bottom!!!
Wait--What happened? Didn't Obama sign the extension for unemployment benefits? And isn't the Obama stock JCG? Well at least it was on this blog, but first let's check out it's chart.
How does that graph look now? Anyone get behind the double implant booty bottom besides myself??
It was Free Money!!!
And how did that chart look on Monday? Take a look at it below!
That my friends, is what a double implant booty bottom looks like!!!
As Advertised!!!
The "Obama" stock has been J. Crew Group, which now sports a double bottom.
Which means no matter how much stimulus that needs to be pumped into this economy to get the Democrats off their back---will be done--starting with the passage of extended unemployment benefits.
Even if you need booty implants to get the job done!
How does that graph look now? Anyone get behind the double implant booty bottom besides myself??
It was Free Money!!!
And how did that chart look on Monday? Take a look at it below!
That my friends, is what a double implant booty bottom looks like!!!
As Advertised!!!
Monday, July 19, 2010
The Obama indicator
Which means no matter how much stimulus that needs to be pumped into this economy to get the Democrats off their back---will be done--starting with the passage of extended unemployment benefits.
Even if you need booty implants to get the job done!
Oh My!! David Rosenberg outlines the bullish scenario
Oh My!!!! Looks like the bull isn't meat for you bears!! And the sausage from the meat grinder is now pork!! You bears got too piggish!!!
Wait??? Wasn't that advertised here?? Oh My!!!!
David Rosenberg's bullish scenario
– Congress extending jobless benefits (yet again).
– Polls showing the GOP can take the House and the Senate in November.
– Some Democrats now want the tax hikes for 2011 to be delayed.
– Cap and trade is dead.
– Cameron’s popularity in the U.K. and market reaction there is setting an example for others regarding budgetary reform.
– China’s success in curbing its property bubble without bursting it.
– Growing confidence that the emerging markets, especially in Asia and Latin America, will be able to ‘decouple’ this time around. We heard this from more than just one CEO on our recent trip to NYC and Asian thumbprints were all over the positive news these past few weeks out of the likes of FedEx and UPS.
– Renewed stability in Eurozone debt and money markets – including successful bond auctions amongst the Club Med members.
– Clarity with respect to European bank vulnerability.
– Signs that consumer credit delinquency rates in the U.S. are rolling over.
– Mortgage delinquencies down five quarters in a row in California to a three-year low.
– The BP oil spill moving off the front pages.
– The financial regulation bill behind us and Goldman deciding to settle –more uncertainty out of the way.
– Widespread refutation of the ECRI as a leading indicator … even among the architects of the index! There is tremendous conviction now that a double-dip will be averted, even though 85% of the data releases in the past month have come in below expectations.
– Earnings season living up to expectations, especially among some key large-caps in the tech/industrial space – Microsoft, AT&T, CAT, and 3M are being viewed as game changers (especially 3M’s upped guidance). Even the airlines are reporting ripping results.
– Bernanke indicating that he can and will become more aggressive at stimulating monetary policy if he feels the need and yesterday urging the government to refrain from tightening fiscal policy (including tax hikes).
– Practically every street economist took a knife to Q2 and Q3 GDP growth, which has left PM’s believing we are into some sort of capitulation period where all the bad news is now “out there”.
What say ye bears??? Hah hah!!! Don't let the door hit you on the way out!!! Did you eat the sausage that your stroking geniuses were serving? Maybe some indigestion now with that????)
From our lens, this is still a meat-grinder of a market. The bulls have the upper hand, but only until the next shoe drops in this modern-day depression and post-bubble credit collapse. The S&P 500 is still down 2% for the year, the Dow by 1%, the FT-SE and Nikkei by 11%, the Hang Seng by 5% and China by over 20%.
Friday, July 23, 2010
S&P at 1100?? Whoa--What happened bears?????
At you probably don't want to hear me blasting bullishness so I'll let someone do it for me in charts and pictures!!
Because Lord knows the bears have such a thin skin under that furry coat!!!
hayes market focus_2_ -
Get long or be wrong!!!!
Because Lord knows the bears have such a thin skin under that furry coat!!!
hayes market focus_2_ -
Get long or be wrong!!!!
Booking BUCY again!!
Bought it at 50.39 as advertised here and panned by the blow hard bears when it dipped a few days later.
Monday, June 21, 2010
Buy BUCY!!!!!
Take it now!!!!!
"They" are just trying to make a sell candle on the stock!
Oh My!!!
Blow it back at them and buy the stock!!
---------------------
Well blowhards--blow it out your *ss!!
23% in a month! \
As Advertised!!
How real estate "securitization" works in China
Today Bloomberg says that maybe only 23% of the $1.1 trillion that Chinese banks lent out may be recouped:
Chinese banks may struggle to recoup about 23 percent of the 7.7 trillion yuan ($1.1 trillion) they’ve lent to finance local government infrastructure projects, according to a person with knowledge of data collected by the nation’s regulator.
About half of all loans need to be serviced by secondary sources including guarantors because the ventures can’t generate sufficient revenue, the person said, declining to be identified because the information is confidential. The China Banking Regulatory Commission has told banks to write off non-performing project loans by the end of this year, the person said.
Commission Chairman Liu Mingkang said this week borrowing by the so-called local government financing vehicles may threaten the banking industry. The nation’s five-largest banks, including Agricultural Bank of China Ltd., plan to raise as much as $53.5 billion to replenish capital after the sector extended a record $1.4 trillion in credit last year.
Local governments set up the financing vehicles to fund projects such as highways and airports due to limits on their ability to directly borrow money. The central government this year restricted borrowing on concern money isn’t being used for viable projects.
Only 27 percent of the loans to the financing vehicles can be repaid in full by cash generated by the projects they funded, the person said.
Here's a different take on the loan shark business in China. Now who would think the Chinese would engage in a real estate scam using a different take on an old racket??
The shark loan industry is mostly underground, and it’s sources can be low interest loan from banks, cash from state owned enterprises, and private savings. The shark loan operator then lends the money out to real estate developers or other domestic private firms.
There are two major pourposes for shark loans. One is to flip flop the real estate, and another is to lend to private firms with maturing bank loans. As mentioned in previous posts, the common lending practice of Chinese banks has a maturity of one year, and so the borrowers need to renew the loans every year if the old loan are to be paid. So many private firms that can’t pay back their loans since the cash flow from their regular business will not be enough to pay back the principal, are borrowing from shark loan operators at extreme high interest rates with very short durations. They then turn to the bank, repay the old loan and get a new loan for the next year.
Every day there are more and more real estate developers and other businesses that are resorting to loan sharks to manage through the hard times .But this is a short term solution for a long term problem. And like every drug addict, one day comes rehab or death.
If the real estate market remains stagnated for long enough, or if the banks stopped to issue new loans at an ever accelerating pace, many businesses will collapse. Even today, some relatively tight lending standards are causing some ponzi schemes to collapse, like the one of Tang long.
A larger percentage of China’s real estate sales are in reality fake since they are made with the purpose of obtaining the flow of bank loans before real sales happen. Through this arrangement, the developer and the shark lender make sure that the bank will bear the ultimate risk.
Western investors doubt this criminal activity since they do not understand the true nature of China’s society, or any totalitarian regime for that matter. But China is not a democracy; it is semi communist, semi fascist regime that is running a planned economy. All the banks are state owned, and as I mentioned in The Harsh Reality behind China’s Growth Story:
The root of the problem is the same: more loan growth can benefit the borrower, the banking executive, and the local government officials. The return of capital and the potential loss of the principal is always a secondary consideration, especially when the loan are issued to the state owned enterprises or well connected “too big to fail” private businesses. Who cares? The banks are state owned banks, and the capital is state capital.
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