Archives for November 2012

An Oracle’s Oracle

An Oracle’s Oracle Dr. Paul Price makes the case for buying Oracle (ORCL) in his Seeking Alpha article, Oracle Versus SAP: Valuations That Defy Logic. Paul argues that ORCL is undervalued. Especially compared to SAP: S&P assigned a 4-star (out of five) buy rating to SAP with the shares at $77.21. They called present-day “fair value” as $70.90. Standard […]

When Barry Meets Sallie: The President’s Choices to Lead the SEC

Courtesy of Pam Martens. Sallie Krawcheck, former CFO at Citigroup It took the New York Times 12 years to admit it was dead wrong to run editorials urging the repeal of the Glass-Steagall Act, the depression-era investor protection legislation that prevented Wall Street from collapsing the financial system for 75 years. (It took just 9 […]

Carson Block Drills the Chinese Govt and More!!

Courtesy of Larry Doyle. Sense on Cents welcomes the opportunity to promote those who boldly speak truth to power. While the market has a funny way of exposing frauds, the exposing of financial artifice can be facilitated by those who dig through books, records, and accounting statements. No question that our government has failed us […]

Currency War Coming to Europe?

Courtesy of Bruce Krasting. Switzerland is becoming politically isolated in Europe. The country got a big slap in the face from Germany this week. The German Upper House refused to accept a settlement offer from the Swiss government over the very messy matter of German tax cheats, and their accounts with Swiss Banks. A bit […]

French Unemployment Highest in 14 Years (And It's Going to Get Much Worse)

Courtesy of Mish. According to Google translation from Le Monde, October marks the 18th consecutive month of rising unemployment. A second article from Le Monde discusses the Rise in Unemployment for October. Unemployment has risen sharply again in October. According to statistics released Wednesday, November 27 by employment center and the Ministry of Labour, the […]

Will We Hold It Wednesday – Fiscal Cliff Fever Edition

Will We Hold It Wednesday – Fiscal Cliff Fever Edition By Phil of Phil’s Stock World    Time to worry about the cliff again! We took a few days off from worrying but comments from Senators Harry Reid and Mitch McConnell yesterday both indicated that little progress was being made on the ongoing negotiations and that […]

Kohl’s – Ready to Play Catch Up?

Note: I put this article up last night when the price of KSS at $51.15 (closing price), not realizing it would open substantially lower. KSS has traded today between $45.51 and $47.17. Paul noted that the stock was down today on negative same store sales from the Thanksgiving week. KSS’s on-lines sales were up. He said […]

Student Loan Delinquency Rates Now Higher than Credit Card Deliquency

Submitted by Mark Hanna Courtesy of MarketMontage. View original post here. As we’ve been speaking about for quite a few years, student loans are the next great bubble… in fact the broader university system is the next great bubble.  Tuition has been increasing at far greater rates than healthcare costs the past two decades, and […]

Quote Of The Day: SNB's Jordan "Base Scenario Doesn't See Euro Collapse"

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. While Nassim Taleb sees Switzerland as the poster-child for what Europe should become, the quote above from SNB’s Jordan begs the question – which scenario does include the Euro Collapse (and remember, as he tells us, the Franc cap is ‘not’ currency manipulation). *TALEB: […]

Student-Loan Delinquencies Surpass Credit Cards, 37.5% of Graduates Work in Jobs Requiring No Degree; Who is to Blame? What About Solutions?

Courtesy of Mish. As costs of college soars (with thanks to absurd union salaries and benefits, as well as absurd administrator salaries and benefits), those attending college have increasing trouble paying back loans. The fully expected consequence is Student-Loan Delinquencies Now Surpass Credit Cards. The proportion of U.S. student loan balances that are in delinquency […]

Consumer Confidence in U.S. Increases to Four-Year High, But There’s a Catch

Courtesy of Lee Adler of the Wall Street Examiner The financial news media ballyhooed the Consumer Confidence release today, as the index hit a 4 year high and beat economists’ consensus expectations. Consumer confidence rose in November to the highest level in more than four years, a sign U.S. household spending will keep growing. The […]

Why should I consider harvesting Natural Gas gains and buying Coffee?

Courtesy of Chris Kimble. CLICK ON CHART TO ENLARGE The above chart reflects a wide variety of products performance, year-to-date! Two assets to note are… Natural Gas, up 21% YTD and Coffee down 32% YTD. Why should investors consider harvesting long positions or shorting Natural Gas? Power of the Pattern suggested to take this action […]

The Central Banks’ Potemkin Villages

The Central Banks’ Potemkin Villages Courtesy of Surly Trader Kyle Bass of Hayman Capital made a through a dystopian view of our central banks’ inability to keep their hands from “fixing” the world’s problems: Central bankers are feverishly attempting to create their own new world: a utopia in which debts are never restructured, and there are no […]

The Fiscal Cliff And The Grand Bargain

Courtesy of Charles Hugh-Smith of OfTwoMinds blog The Grand Bargain is unraveling, and a new arrangement will take the place of the Status Quo–whether we like it or not. Correspondent Arnold suggested that I address the fiscal cliff, so here goes.   The first step is to set aside ideological blinders and confirmation bias, i.e. only looking […]

The EU Just Lost Another Prop

Courtesy of ZeroHedge. View original post here. Submitted by Phoenix Capital Research.   Meanwhile, as Greece continues to distract the markets, France, the other primary prop for the EU besides Germany, is now experiencing an economic contraction on par with that of 2008-2009.   Indeed, France’s September’s auto sales numbers were worse than those of […]

Algos Take Stocks In A World Of Their Own

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Reid’s sell-off has been entirely retraced by a Boehner-Obama double-act in which they didn’t spit, scratch, and gnaw at each other. The algos have it now and so stop-runs in stocks are all that counts. Equities are in a world of their own as […]

Bank of Japan Posts Whopping ¥233 Billion Loss as its Soaring Balance Sheet Hits Record ¥156 Trillion

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. But… but… a central bank can never lose money. Bzzzz, wrong. As it just so happens, the world's most tragicomic farce of a central bank, and one which is about to officially lost its (faux) "independence" and become a branch of the Japanese government […]

Coffee bulls were on the wrong side and got “Creamed!” Time for the bears to get “Creamed?”

Courtesy of Chris Kimble. CLICK ON CHART TO ENLARGE After a 200% rally in Coffee futures between 2009 and 2011, investors grew to love coffee, hitting a 90% bullish reading near Coffee’s top!  Boy were the bulls in for it, as Coffee proceeded to lose 50% of its value in 18 months.  Was this a […]

Europe Shrugs Off Harsh Reality On Boehner's Banter

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Europe was looking a little dark this morning; EURUSD was sliding, sovereign bonds flat-to-wider, and European stocks and credit were at one week lows. Then Speak Boehner opened his mouth and the correlated world of systemic cliff-on / cliff-off jumped to life and saved […]

From Black Friday To White Noise: Why Thanksgiving Sales "Data" Is Biased And Irrelevant

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. While the common wisdom, espoused by any and all commission-taking wealth manager looking to up his AUM, is that Black Friday sales (and the anecdotal evidence from self-referential store-owners and CEOs) can tell us about the trend in the economy or they offer some […]

Boehner Arouses Market As Reid Beatdown Forgotten

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Just 12 days ago (before the cone of silence began), we saw the beginning of the Boehner bounce as the speaker spaketh and the market obeyeth. Headline-chasing algos know only one thing it appears, when Democrats speak, sell; when Republicans speak, buy… oh how […]

Boenher Comments Move Market Up

Submitted by Mark Hanna Courtesy of MarketMontage. View original post here. This is going to be very tiring in a few weeks…after this morning’s selloff, we had these comments to lift the S&P 500 up 5 points in minutes: BOEHNER SAYS WILLING TO PUT REVENUES ON THE TABLE IF ACCOMPANIED BY SPENDING CUTS, OPTIMISTIC DEAL […]

Surprise: Right After The Election, New Home Sales Tumble From Downward Revised Two Year High

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. There are those who may be surprised that last month’s number of Seasonally Adjusted New Home Sales, which was then reported at 389K, and which number hit the airwaves days before the Obama reelection, was the highest since April 2010. We are not among […]

The Grand Inquisitor

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Via Mark J. Grant, author of Out of the Box, “Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.”                      -Ferris Bueller, Ferris Bueller’s Day Off Sometimes you just have to sit down and stop. … Greece […]