Tuesday, May 13, 2014

Fw: eWallstreeter daily financial news - Asian Markets Gain; Sensex in Record Territory

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Subject: eWallstreeter daily financial news - Asian Markets Gain; Sensex in Record Territory

eWallstreeter daily financial news - Asian Markets Gain; Sensex in Record Territory

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Asian Markets Gain; Sensex in Record Territory

Posted: 12 May 2014 09:58 PM PDT

Read full story for details.

Doctor: The Sheer Insanity of What You Pay For Medical Services

Posted: 12 May 2014 09:03 PM PDT

By Michael Gorback, M.D.: Confused and outraged by the prices, often unknown upfront, that you and your insurance company pay for medical services? You’re not the only one. Enter the bizarre world of “Place of Service” pricing.

The Growing Catastrophe Known as Abenomics

Posted: 12 May 2014 05:18 PM PDT

By David Stockman: In a decade or two, nearly 40\% of the Japanese population will be retired; and the single-risk it should never take is to induce a collapse of its currency, and the resulting sharp inflation of its import bill for virtually all its energy and industrial materials.

Pershing Square Has A Few Things To Say To Allergan Shareholders

Posted: 12 May 2014 04:55 PM PDT

Nobody asked Bill Ackman if he was OK with Allergan telling Valeant to go shove it because they're a terrible company whose only business is to buy other businesses. He'd like to know if they asked anybody else. In a regulatory filing on Monday, Ackman’s hedge fund Pershing Square Capital Management said that it has… Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Allergan, Bill Ackman, Pershing Square, Valeant Pharmaceuticals, within five d

The 5 Best Value Stocks In The S&amp;P 500 -- With Yields Up To 11\%

Posted: 12 May 2014 04:32 PM PDT

They're some of the hottest stocks on the market. # ad\_banner #Since the start of this year, more than 200 of them are beating the S&P 500. I'm not talking about bank stocks, IPOs, tech

Yellen's Wand Is Running Low on Magic

Posted: 12 May 2014 04:13 PM PDT

How important is housing to the American economy? If a 2011 SMU paper entitled "Housing's Contribution to Gross Domestic Product (GDP) quot; is right, nothing moves the economic needle like housing.

What Investors Are Looking For From Fossil On Tuesday

Posted: 12 May 2014 04:10 PM PDT

Fossil Inc. (FOSL) is set to report FQ1 2014 earnings after the market closes on Tuesday, May 13th. Fossil is an American designer and manufacturer best known for creating watches, jewelry, clothing and other high end accessories. Shares of Fossil were up significantly after posting strong earnings back in February. However, since the start of the year Fossil stock has fallen a total of 4\%. This quarter Wall Street expects Fossil's earnings to fall by 2 cents per share compared to FQ1 of last y

GOOGL Bullish Setup

Posted: 12 May 2014 04:07 PM PDT

I was not fast enough to buy the gap and go of TNA. Instead I bought GOOGL. Reason: Potential Double Bottom with a theoretical target at 574. In my opinion on April 28 price has completed the wave (A) of a Zig Zag, if this is the case ...

STTG Market Recap May 12, 2014

Posted: 12 May 2014 04:02 PM PDT

The NASDAQ had its second straight day of outperformance jumping 1.77\% to the S&P 500's 0.97\%. The S&P 500 is now at a closing high and near the all time highs intraday reached April 2nd. A lot of familiar names that have beaten down for nearly 2 months were the leaders Monday. Chinese stocks also did well after China announced some ideas to help increase market access. Other than that there really didn't seem to be any great catalyst for such a move.Original post: STTG Market Rec

Bill Ackman Doesn’t Need To Listen In To Know Herbalife Is A Scam

Posted: 12 May 2014 03:53 PM PDT

So someone's been having a listen to what's going on at Herbalife's L.A. H.Q., someone tells Charlie Gasparino. And this someone's pretty sure it isn't one of the half-dozen or so state or federal agencies wondering if Bill Ackman is on to something with all this pyramid scheme talk. Well, before you jump to the… Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Bill Ackman, Charlie Gasparino, denials, Herbalife, non-governmental listening dev

Bulls Speculate Better Growth Ahead

Posted: 12 May 2014 03:50 PM PDT

You can follow our pithy comments on twitter and become a fan of ETF Digest on facebook. Monday bulls touted several as yet unrealized speculations. First, the U.S. economy is improving (certainly not based on last reported GDP data). Secondly, China will reform markets leading to government support of stock markets. Third, the ECB's Nowotny suggested interest rate cuts alone not enough to combat low inflation (the speculation being QE is now necessary). Fourth, the India election outcome

Money talks – Economist

Posted: 12 May 2014 03:49 PM PDT

Good discussion on the world liquefied natural gas market. This week: Creating a world liquefied natural gas market, paying people to switch the power off, and environmentally friendly caviar. – Economist (click here if video is not observable)  

S&P500 Heat Map – May 12

Posted: 12 May 2014 03:36 PM PDT

Click here to enlarge map  

U.S. Sector ETF Performance – May 12

Posted: 12 May 2014 03:30 PM PDT

(click here if charts are not observable)

Daily Risk Monitor – May 12

Posted: 12 May 2014 03:26 PM PDT

Click on table to enlarge and for better resolution (click here if table is not observable)

Americans Change Class: Poverty to Suburbs, Wealth Downtown

Posted: 12 May 2014 03:24 PM PDT

Remember the chaos of changing classes in school? Something like it is happening to the whole U.S. Watch out for hallway collisions as the population rearranges itself. The suburbs may never be the same.

Modi poised for victory – FT

Posted: 12 May 2014 03:19 PM PDT

Many people in India say there is no alternative — Narendra Modi may be tainted by his links to violence against Muslims in Gujarat in 2002, but he looks well positioned to benefit from the backlash against the Congress Party. … Continue reading →

Dow Breaks Out: What Does It Mean For Investors?

Posted: 12 May 2014 02:50 PM PDT

Given financial markets have an almost infinite number of moving parts, it can be difficult to pin down why investor tone changes from one day to the next. Monday's big gains came on a slow news day.

Daily Market Commentary: Large Cap Breakouts

Posted: 12 May 2014 02:39 PM PDT

The week made a bright start with Large Caps breaking resistance. The only disappointment was the light volume; a day like today should have packed far more punch. The risk for bulls is a 'bull trap', but for now the breakout should be honored.The Dow index was the first to break today, setting the tone for other indices to push higher. Like the S&P, watch for a 'bull trap' over the coming days.The Russell 2000 gave day traders something to play with. A decent move took the index above both

How a Small Plane Crash Looks When Passengers Are About to Survive Rather Than About to Die

Posted: 12 May 2014 02:20 PM PDT

Seventeen seconds of video that explain why one brand of small aircraft has become the most popular in the world.

Nigerian Terrorism! Ukrainian Unrest! Is All Lost in Emerging Markets?

Posted: 12 May 2014 02:10 PM PDT

MARKET ROUNDUP Here’s a quick recap of the important news of the day …  The stock market came into today’s session with a head of steam, and it didn’t disappoint heading into

Stocks End Higher After Solid Showing

Posted: 12 May 2014 02:00 PM PDT

Read full story for details.

How the Right Wing is Killing Women

Posted: 12 May 2014 01:59 PM PDT

According to a report released last week in the widely-respected health research journal, The...

More Than A Little Peculiar

Posted: 12 May 2014 01:36 PM PDT

don't pay much attention to mutual fund flows as they don't have nearly the explanatory power

Here&#39;s What The Market Needs To Hold Off A Summer Correction

Posted: 12 May 2014 01:31 PM PDT

Although the U.S. stock market was generally stable last week, the tone remained cautious as the defensive Dow Jones Industrial Average was the only major index to post a gain, and that of just 0.4\%. #

Digging In To The Mess of Fund Flows

Posted: 12 May 2014 01:23 PM PDT

I normally don't pay much attention to mutual fund flows as they don't have nearly the explanatory power or relevance in what is surely a more complicated and topographically inconsistent "market." Equity mutual funds are no longer the primary measurement tool of "small" investor demand. That does not mean, however, that unusual events cannot contain [...]

Tech Stocks Lead Market Higher; Dow Notches New All-Time Peak

Posted: 12 May 2014 01:19 PM PDT

"There weren't a lot of major events to start the week, but that doesn't mean the week will be dull," noted Schaeffer's Senior Equity Analyst Joe Bell, CMT. "We are set to hear retail sale... (Read More)

Dow Breaks Out: What Does It Mean For Investors?

Posted: 12 May 2014 01:06 PM PDT

News Flow Was Light Given financial markets have an almost infinite number of moving parts, it can be difficult to pin down why investor tone changes from one day to the next. Monday's big gains came on a slow news day. From The Wall Street Journal: Shares of smaller companies, meanwhile, staged a recovery from [...]

Third World America - U.S. Suburbs Become Ghettos

Posted: 12 May 2014 12:32 PM PDT

Not so long ago, a reasonably-presentable American could live an hour outside of a city and commute in for a government or banking job, thus getting the best of both worlds: city-level wages and a 3,000 square foot house with a big yard for the kids. But then municipal governments ran out of money and started laying off, while banks, traumatized by their 2009 near-death experience, cut back on mortgage and consumer lending and fired the related staff. The only other jobs avai

This Indicator Makes Buy-and-Hold Obsolete

Posted: 12 May 2014 12:32 PM PDT

Today I want to tell you about an investing strategy that defies logic. It shouldn't work based on everything we've learned about the stock market. Yet it does. In fact, for over half a century, investors

SPX Stocks Index Stalls Beneath Its Peak

Posted: 12 May 2014 12:28 PM PDT

What if SPX does not make a new high? This is my Wave Structure going into the weekend. The Dow made a new high today, but so far the SPX has not. This is indicative of (a defensive) rotation into the Blue Chips out of the momentum stocks. What is interesting is that today is a highly charged Pivot Day. Should we see a turn down today or tomorrow without making a new high in SPX, we may see a setup for an explosive move to the downside.

How Consumers Rule In a Free Economy

Posted: 12 May 2014 12:16 PM PDT

One of my favorite economists in the history of economic thought is the great Austrian, Carl Menger (1840-1921). While the mainstream of the economics profession acknowledges Menger’s place due to his contribution to the Marginalist Revolution in the 1870s, it otherwise ignores him because his theoretical framework does not lend itself to policy prescriptions. In an era in which the economics profession largely views itself as a shadow branch of government which is itself charged with mana

Making A Case For Long Bonds

Posted: 12 May 2014 12:10 PM PDT

The rising rates everyone expects this year have yet to arrive. In fact, some evidence points to low rates for a longer time than expected. Are long bonds a good place to park money in 2014?

Done Deal For Independent East Ukraine

Posted: 12 May 2014 12:04 PM PDT

Novorossiya Starts in Crimea In interview with CBS, May 11, former US Secretary of Defence Robert Gates firstly said that Russia's annexation of Crimea was “a done deal” and that “there’s nothing we can do to change the situation.” He openly questioned what the real motives of Vladimir Putin in eastern Ukraine may be. Gates said: “I’m not sure he knows at this point, other than to....protecting the Russians and making sure the Ukraine ultimately

Squawk Showdown: Bitcoin or Gold? What’s Next for Currency

Posted: 12 May 2014 12:01 PM PDT

Georgi Ivanov writes: Our recent Squawk Walk on the streets of Taipei surveyed people at random what they would decide, given a choice to walk away with a gram of gold or a USB stick, loaded with one bitcoin. The responses varied, but with a slight margin, bitcoin won the competition. We have to ask – are virtual currencies on the path to revolutionizing the global financial system, or are they just a lot of hot air? The truth would have to be somewhere in the middle: changes are c

Breakthrough in Crude Oil Price Only A Matter Of Time

Posted: 12 May 2014 11:57 AM PDT

On Friday, crude oil hit an intraday high of $101.18 supported by ongoing concerns over tensions in Ukraine. Despite this improvement, the commodity reversed and lost 0.20\% as weaker-than-expected economic data from China and a stronger dollar weighted on the price. Because of these circumstances, light crude erased earlier gains and temporarily slipped below the psychological barrier of $100 once again. Is it enough to trigger another sizable downswing?

Ukraine Separatists Ask Putin to Annex Donetsk Following Referendum; Sanctions Hypocrisy

Posted: 12 May 2014 11:48 AM PDT

Separatists in Donetsk claim a turnout of 74.9\% in a referendum on self-determination with 89.7\% voting in favor of self-rule. Ukraine says turnout was 32\%. I suspect the truth is somewhere in between but that's a pretty wide gap. Even 32\% turnout seems respectable given the circumstances.

Mercenary Links May 12th: Modi Mania

Posted: 12 May 2014 11:22 AM PDT

Mercenary Links May 12th: Modi on course for India election win... US housing sector stalling... how the euro was saved... why Formula 1 racers are relearning how to drive, what it's like to be a billionaire's butler, and more.

European Financial Market Forecasts - Sentiment Gauge in Reaches Epic Proportion

Posted: 12 May 2014 11:21 AM PDT

A visual history of complacency and fear as seen by the 10-year spread over German Bunds The one-two punch 2014 winter storms that battered the southeastern United States left $13.5 million in damages in Georgia alone and thousands of residents displaced due to burst pipes and power outages. I am one of the displaced. Three months after the flood, I'm still living out of suitcases in a hotel while my apartment gets rebuilt.

Sell in May?

Posted: 12 May 2014 11:19 AM PDT

wanted to share a few thoughts and some analysis that w […]

Gasoline Price Update: Another Small Decline

Posted: 12 May 2014 11:11 AM PDT

May 12th, 2014 Doug Short It’s time again for my weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny, Regular is down two cents and Premium one cent, the second week of decline after 12 weeks of increases. Regular is up 47 cents and Premium 46 cents from their interim lows during the second week of November.According to GasBuddy.com, California and Hawaii remain the only states with regular above $4.00 per gallon, and only one states,

Biggest Movers in Basic Materials Stocks Now – UFPI VALE TCK IOSP

Posted: 12 May 2014 11:00 AM PDT

Basic materials stocks finished up 1.3\% on Wall Street today. NASDAQ:UFPI, NYSE:VALE, NYSE:TCK, NASDAQ:IOSP, NYSE:NPO, NYSE:SSD, NASDAQ:RAVN, NASDAQ:STLD, NYSE:KWR, NYSE:X, NYSE:AUY, NYSE:PCL, NASDAQ:SLGN The post Biggest Movers in Basic Materials Stocks Now – UFPI VALE TCK IOSP appeared first on InvestorPlace.

BNP Paribas, Credit Suisse Have A Favor To Ask

Posted: 12 May 2014 10:35 AM PDT

Preet Bharara & co. are super pissed at BNP Paribas and Credit Suisse. Guilty-plea-to-criminal-charges pissed. But the banks can't go back in time and not blithely do business with the Axis of Evil-plus, or help Americans minimize the size of that last number on their 1040s, respectively. And until they get their hands on a… Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: BNP Paribas, Credit Suisse, crying on demand, Preet Bharara is a hard man,

Model Karlie Kloss Brings Can-Do Attitude To Harvard Square

Posted: 12 May 2014 10:15 AM PDT

Kloss, who posted an Instagram picture of herself studying at Harvard library, took Professor Anita Elberse's course "The Business of Media, Entertainment and Sports," which ran last week at Harvard Business School. Victoria's Secret Angel Kloss recently said, "Tyra [Banks] did it. She [attended classes at] Harvard Business School. I can do it, too." [NYP] Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: Harvard, Instagram, Karlie Kloss, Tyra Ban

S&P 500 Snapshot: A Record Close on Light Volume

Posted: 12 May 2014 10:12 AM PDT

May 12th, 2014 Doug Short Starting tomorrow, this will be a big week for economic news, but the market was today’s news maker. The S&P 500 rallied at the open and drifted higher through the day, closing fractionally off its intraday high with a 0.97\% gain. The final price at 1896.65 is a record close, although the intraday high of 1897.13 was 15 bps off the intraday record set on April 4th. The Dow also posted a record close. Volume was 19\% below its 50-day MA. Despite the rally in equi

Lo On Buying Low

Posted: 12 May 2014 10:10 AM PDT

MIT Finance Professor Andrew Lo says that getting out of the market during though times isn’t the biggest mistake investors make — it’s failing to get back in soon enough. Lo says MIT is studying “artificial stupidity”, a tongue-in- cheek … Continue reading →

Welcome to the Third World, Part 13: Suburbs Become Ghettos

Posted: 12 May 2014 10:01 AM PDT

Not so long ago, a reasonably-presentable American could live an hour outside of a city and commute in for a government or banking job, thus getting the best of both worlds: city-level wages and a 3,000 square foot house with a big yard for the kids. But then municipal governments ran out of money and […]

Stocks Higher; Ukraine in Focus

Posted: 12 May 2014 10:00 AM PDT

Read full story for details.

Swing Trading Watch-List: MA, WHR, PFG, PES, BKD

Posted: 12 May 2014 09:56 AM PDT

Sign up for a Free 7-Day Trial to the SharePlanner Splash Zone and receive all my Real-Time Trades via text and email alerts as well as access to my trading room. You can sign up by clicking here. Tomorrow's Swing-Traidng Watch-List: Long Principal Financial Group (PFG) Read more...

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