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Beige Book Shows Housing-Led Economic Slowdown
Editor's Note: This article was written by Richard Suttmeier chief market strategist at ValuEngine.com which is a fundamentally-based quant research firm in Princeton New Jersey that covers more than 5 000 stocks every day. 10-Year Note -- (2.661) Daily and annual value levels are 2.725 2.813 and 2.999 with monthly weekly quarterly and semiannual risky levels at 2.562 2.507 2.495 and 2.249. (CBOE Interest Rate 10-Year T-Note (^TNX) last traded at 2.68.)Comex Gold -- ($1256.7) Weekly semiannual quarterly and annual value levels are $1223.7 $1218.7 $1140.9 and $1115.2 with a daily pivot at $1260.1 and semiannual and monthly risky levels
Upgrades and Downgrades: Education Stocks Taught Tough Lesson
Stocks rose with the S&P 500 Index up for a fifth session in six as successful bond auctions in Portugal and Poland eased investor anxiety over European debt. Volume remained thin however and gains if not exactly gone in 60 minutes did ease in the final hour after a “deceleration” in regional economic activity was revealed by the Fed’s beige book. Black and white and green ink all over was the color at the New York Times (NYT) which scaled heights unseen since multiple spider men climbed its building a couple years back. Takeover talk sent their shares surging 7.99%
O'Donnell: Palin tweet not an endorsement (Politico)
Politico - O'Donnell says while she still hopes to earn an endorsement from the former Alaska governor-turned-conservative-superstar, Palin's retweet of support from another backer doesn't meet the threshold.
Chart Watch: Minyanville Buzz Charts
Below are some of the most-discussed charts on Minyanville's Buzz & Banter presented without bias claim or injury. For in-depth commentary analysis and trading ideas in these stocks and much more take a free two week trial to Buzz & Banter.Cree (CREE)Click to enlargeGoldman Sachs (GS)Click to enlargeShuffle Master (SHFL)Click to enlargeUltra Oil & Gas ETF (DIG)Click to enlarge Qualcomm (QCOM)Click to enlarge
Obama says planned Koran burning is boosting Qaeda (Reuters)
Reuters - President Barack Obama warned on Thursday that a Florida pastor's plan to burn copies of the Koran is being used as an al Qaeda recruitment tool and he urged the minister to reconsider the decision.
Are We Really Facing a Bond Bubble?
Editor's Note: This article was written by Robert Barone head of Ancora West. Mr. Barone currently serves on AAA’s Finance and Investment Committee which oversees $5 billion of investible assets. The financial press has given credence to those who insist that because interest rates have fallen rapidly since April we're in some kind of a bond bubble. Investors they say should shy away from fixed income because surely they'll be hurt when interest rates rise. Technically this statement is correct -- the crucial part of the statement is "when interest rates rise." If they rise in the near term then
Obama Takes Off the Bipartisan Gloves (The Atlantic Wire)
The Atlantic Wire - In a testy and, at-times, impassioned speech in Cleveland,
President Obama firmly dismissed the "status quo" solutions Republicans
have been proposing and took aim at House Minority Leader John Boehner,
whose philosophy he distilled down to this: he wants to "cut more taxes
for millionaires and cut more rules for corporations." These are the
types of policies, Obama contended, that will inevitably lead to
"stagnant growth, eroding competitiveness, and a shrinking middle
class."
Examining the Seasonality of Global Indices
“What’s your name? / Who’s your daddy? / Is he rich like me?” -- The Zombies “Time of the Season”In another 20 years nursing homes and retirement communities across the land will be fielding traveling sing-along teams filled with grandfathers certain their command of classics such as the Zombies’ Time of the Season is an acceptable substitute for well you know. If we blow Social Security to smithereens now we can spare ourselves the horror of watching this later as everyone will have to work their way into the hereafter.Speaking of seasonality we’re heading into that time of the season
Rendell: GOP 'flat out crazy' (Politico)
Politico - The Pennsylvania governor kicks off his fall campaign by calling Republicans “fruit loops."
British MPs to grill BP CEO Hayward (Reuters)
Reuters - British Members of Parliament (MPs) will next week grill outgoing BP Plc Chief Executive Tony Hayward, as part of an investigation into risks around deepwater drilling in the North Sea.
Obama implores minister to call off Quran burning (AP)
AP - President Barack Obama is exhorting a Florida minister to "listen to those better angels" and call off his plan to engage in a Quran-burning protest this weekend.
Obama implores minister to call off Quran burning (AP)
AP - President Barack Obama is exhorting a Florida minister to "listen to those better angels" and call off his plan to engage in a Quran-burning protest this weekend.
