Monthly Archive for April, 2012

A wimpy month close

Monday morning started off with not so great reports…Personal Income and Spending was a dud, as was Canada’s GDP, and Chicago PMI was soft, below expectations, but still expanding.

So here we are…May…have you started your Christmas shoppimg yet? :D

Acording to the Stock Trader’s Almanac, the first trading day in May has the Dow up 11 of the last 14 years. So history has us looking for an up day on Tuesday. We have a few reports in the morning…Motor Vehicle Sales, ISM Manufacturing Index and Construction Spending. Plus, many of the Feds are speaking on Tuesday. The big one, Non-Farm Payroll is Friday…previewed by the ADP on Wednesday. Let’s go for a rollercoaster ride!

Weekend Reading 4/28/12

“We cannot change the cards we are dealt, just how we play the hand.” — Randy Pausch

Oops! Economic Growth Slowed To 2.2%

They deserve a pity party? Nightmare On Wall Street.

Can they recover? Is NetFlix Doomed?

What social networking is all about. The Flight From Conversation

This makes Wall Street blush. Lehman Bros. elite stood to get $700 million

Has housing bottomed? Stunned Home Buyers Find the Bidding Wars Are Back

“Every man’s life ends the same way. It is only the details of how he lived that distinguish one man from another.” — Ernest Hemingway

Tuesday’s Gone with AAPL

Tuesday’s Gone with AAPL. Many traders have been shorting AAPL into earnings…and the report was a blowout…crushing estimates by a good margin. AAPL closed down over $11 dollars at 4:00PM and then bang! Up $40!

For the last couple of weeks the markets have been following AAPL, as in as goes AAPL so goes the market. I think it’s a fairly good prediction that the markets will be up on Wednesday. Of course there is the Durable Goods report in the morning and then the FOMC announcement in the afternoon. Maybe we’ll just go crazy!

Monday Blues

Traders got bitch-slapped Monday morning as no-news was bad-news. Well we did confirm a recession in Spain, so traders bailed out of the market. The German DAX led the way this morning, but after the European close, U.S. markets recovered somewhat. The S&P (ES futures contract) closed down -12.25.

We have an FOMC meeting starting on Tuesday. But it won’t be until Wednesday that we hear what they are thinking. There’s New Home Sales on Tuesday. Besides the FOMC announcement on Wednesday there is also Durable Goods Report. And on Friday we hear about GDP.

Remember…As Keynes famously once said “The market can stay irrational longer than you can stay solvent”. Be careful out there.

Weekend Reading 4/21/12

“The more I live, the more I learn. The more I learn, the more I realize the less I know.” — Michel Legrand

Economic performance was worse under the gold standard than under the post-war Fed. The Fed Versus the Gold Standard

What’s it all mean? A good explanation: Take a Deep Breath and Ignore the Monthly Jobs Report

Our tax money hard at work! Federal Workers Living It Up In Las Vegas and don’t forget the Secret Service! Swank Colombian Resort Where Secret Service Agents Partied With Prostitutes and The Wild Details.

Oh No! Not again! Rising Fears That Recovery May Once More Be Faltering

If only he had studied harder…Merrill Lynch Trainee Doctors Failed Scores And Tests FINRA’s Patience.

Hic! Drinking On The Job: Is 2012 The New 1966?

This could get real interesting! AAPL Will Likely Beat Q2 EPS Views, But Miss the Whisper Number

Happy Earth Day! George Carlin On Environmentalism And Earth Day

“Life isn’t about waiting for the storm to pass…It’s about learning to dance in the rain.” — Vivian Greene

OpEx Ride

The ups and downs of OpEx continue throughout the week….and we finally close the week tomorrow, Friday. Earnings have been lackluster so far. The volume today was up big compared to recent days, but the bears have not taken hold of the markets…yet.

The day was sad because of  the passing of Levon Helm….here’s one of The Band‘s best… The Weight …a nice voice and a good person. RIP!!

Here we go again

Like a bad penny, options expiration is upon us again.  Plus there are a boatload of earnings report during this week. On the good side, it’s a slow economic news week…as if the earnings won’t make it a wild ride already. With earning expectations being lowered during the first quarter, many companies may “beat” earnings allowing for another run up in the indexes.

Like yesterday, markets were mixed as the Dow lead the way up, but AAPL and GOOG dragged down the Nasdaq and kept the S&P and Russell in check. Buckle up and let’s roll! 8O

Weekend Reading 4/14/12

“I said “Somebody should do something about that.” Then I realized I am somebody.” — Lily Tomlin

Dime a dozen…. Wealth or Waste? Rethinking the Value of a Business Major

Where else can you buy a book? The Justice Department Just Made Jeff Bezos Dictator-for-Life

Rest in peace Mike. 5 Lessons from Mike Wallace’s Life for All of Us

Making money at mutual funds. Funds cut expenses lending hot stocks to shorters

The Netflix of magazines coming to a tablet near you. A Buffet of Magazines on a Tablet

“Every man’s life ends the same way. It is only the details of how he lived that distinguish one man from another.” — Ernest Hemingway

So that’s what you think…

Well….I think we’ve got the full reaction to Friday’s NFP (Non-Farm Payroll Report). There was no U.S. trading on Friday and no European trading on Monday, so Tuesday was the first day when worldwide traders could say ‘FU’ to the report.

AA kicking off the earnings season with a good report, should lead the oversold markets on a bounce up. Globex overnight futures are confirming that. The question…do we go and test the highs first or just reverse and look for a bottom? With the Russell and Nasdaq showing weakness, we’ll need the techs and small companies to turnaround before going back for highs.

We’re going to be looking at the Beige Book this afternoon. And don’t forget, OpEx next week.

Weekend Reading 4/7/12

I was in small-claims court when I listened in on the case of a woman who held a good job but still had trouble paying her bills on time. “Can’t you live within your income?” asked the judge.
“No, Your Honor,” she said. “It’s all I can do to live within my credit.”

Job Report Shocker: Nonfarm Payrolls Up Half Expectations.

So the Fed does it again. Risk assets lose early momentum. easter-bunny-egg

They don’t call it ‘organized’ for nothing. An Offer You Can’t Refuse: Leadership Lessons From “The Godfather”

I wonder what small money looks like. The Changing Face of Big Money

I thought it was “Don’t Be Evil” All Google wants is to be loved

Take the test! United States of America Citizenship Test. Did you pass?

Easter is a time to rejoice, be thankful, be assured that all is forgiven so life extends beyond the soil of earth.