tag:blogger.com,1999:blog-3725952480037461662024-02-06T22:17:38.802-08:00Very Smart InvestingAlexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comBlogger1006125tag:blogger.com,1999:blog-372595248003746166.post-90081976518870216192012-09-20T04:46:00.003-07:002012-09-20T04:46:33.851-07:00Benefits of Online Life Insurance Quotes<div class="separator" style="clear: both; text-align: center;">
<a href="http://www.lifeinsurancerates.com/" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;" target="_blank"><img border="0" height="216" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEkW9T-yym62w6BTR2_jazCU4z65JcR_tfI_perT9c69iJAu-syjigGY5diwTmXh2Wpw5IFCTdHkjwJoIydPtTTNXUtcJ3YXQWNH6tr3R9lXHh9OywJ0paM9jlYiVBlBzLfUUJjaNwkT1n/s320/life-insurance-for-family-members.jpg" width="320" /></a></div>
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The current modern society wants one to meet up with some good info technology information to enable them to have the ability to take care of the present technology trend. Web is one of these systems that require anyone to be up to pace or possess at least a specific amount of comprehending. Insurance coverage providers are also available on the net. To get a great insurance policy one should analyze to start with the actual quotes. Benefits of insurance coverage quotes on the web could be made clear the following::<br /><br />With all the current purchases being conducted on the internet, you are no longer necessary to fall his or her some other program everyday undertakings simply to help make insurance. With all the quotes on the web one needs just a few moments having an Internet connection; several mouse clicks will see you receive what you need. In addtion, the net is also available a day as opposed to company premises meaning one can get the actual quotation at any time during the day believe that hassle-free. Sequel to the over, it is the smartest choice for those that do not have in the daytime. They are able to use the Internet after the work they do during the day. Once again, due to the fact that it is easy to do any transaction on the web, they can additionally write out time if they are at work and check forever insurance estimate through the internet effortlessly.<br /><br />Another benefit of on the web quotes will be the ability to cover the cost of assessment. Comparing quotes won't take your time if you make technique web. With a decent research you will have a number of rates on their own listing of options. Slacking to check the accessible rates will make one realize really their own options making the proper ones out of these.<br /><br />Becoming conservative isn't bad. With online <a href="http://www.lifeinsurancerates.com/" target="_blank">life insurance quotes</a> just about all purchases are performed on the internet. In comparison to fliers and business cards and then there was obviously a lot of time, funds and lots of paperwork to be completed. With internet time and money tend to be very preserved as well as paperwork elimination retains how much power utilized.<br /><br />Having a variety of on the web quotes the first is capable of notify the assistance they are going to obtain before acquiring the coverage. An estimate offers info on the important points with the insurance plan. Piece of content in general aid one make a sound decision about the buying plan.<br /><br />With the on the internet program, all accessible companies put up their particular alternatives to the same services. All of the quotes have a range of variation. As another benefit of on the internet life insurance coverage estimates the consumer have a selection of choice to pick from. This may reveal the buyer to study every one of the diverse range and also understand their own available options. This may and in the conclusion get a new buyer choice and often make them hold the very best service in the market. </div>
Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-51580707488701186392012-09-19T01:02:00.000-07:002012-09-19T01:02:04.494-07:00Bad Credit Payday Loan<div style="text-align: justify;">
The inability to come up with the necessary cash when suddenly presented with a "can't miss" opportunity is disappointing. Are you in need of bad credit payday loan? Bravo!! You have logged on to the right site. Mayday-Payday.com offers short term unsecured bad credit payday loans.<br /><br />Bad credit payday loans are the fastest and easiest way to get the quick cash advance you need between paydays. Once we have confirmed that the details you have provided are in conformity with the qualification criteria, you will be approved of bad credit payday loan on the same day and you will get your cash deposited into your account within 24 hrs.<br /><br />Whether you need cash for a vacation, an emergency or just need some extra spending money, you can easily obtain a no fax instant payday loan from Mayday Payday. With quick approval of cash advance payday loan, you will know almost immediately if your payday loan was approved.<br /><br />Virtually anyone can qualify for a instant <a href="http://www.easyonlinepaydayloan.com/" target="_blank">payday loans</a>. If you have poor credit or slow credit, you can still qualify for a no fax payday loan. Mayday Payday does not have any credit requirements for granting approval for your fast payday loan. Instead we rely on your steady job as your collateral.<br /><br />Go ahead, apply for payday loan, if you are facing a cash crunch, it will be the answer to all your cash crunch problems.<br /><br />Bad credit payday loans allow you to borrow a few hundred or even thousands of dollars before payday. So what are you waiting for? Just proceed further and you will find us serving you.</div>
Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-20923931176449451392012-09-19T00:58:00.001-07:002012-09-19T00:58:44.142-07:00Car Insurance Best Rates<div style="text-align: justify;">
Saving money on car insurance requires a combination of techniques that improve your instability, decrease the rate of insurance for your vehicles, and provide you with a unique advantage when it comes to purchasing car insurance.<br /><br />Cost is certainly one factor when considering car insurance, but your insurer selection should be weighted more heavily on reliability. You could easily call a number of insurance companies, ask for quotes, and simply select the lowest bidder. However, even if the lowest cost insurer saves you hundreds of dollars a year in premium payments, that savings does you no good if you find yourself in an accident, needing car repairs or medical attention, with an unreliable and unresponsive insurance company. A good company is crucial. It's not just about car insurance best rates.<br /><br />Before you begin calling around, it's important that you determine the level of insurance coverage you need. Not everyone insurance needs are the same. Some families own two or three very expensive vehicles, while other families own only older used cars. Some people are members of AAA, while others are not. The specific terms of a policy should be determined by your life situation and the value of the items being insured.<br /><br />Whether you've already purchased car insurance, or you are getting ready to start looking, one of the best things you can do to obtain the lowest possible rates is to improve those things that <a href="http://www.carinsurancerates.com/" target="_blank">car insurance</a> companies look at when they calculate your insurance premium. There are several things you can do in the short term to improve your instability standing, and there are also things you can do over the long term to improve it as well. This section will describe four major elements of this technique to save money on your car insurance.<br /><br />Another extremely effective technique to obtain the lowest possible insurance rate is to improve those things about your car which car insurance companies value the most when they calculate your insurance premium. There are several things that you can do before buying a car that will dramatically decrease your insurance premium. If you've already bought a car, however, and are looking for ways to decrease your existing insurance costs, there are still methods you can use that will substantially cut your premium costs.<br /><br />If you carefully follow each of the sections outlined in this guide, you are guaranteed to receive the lowest possible insurance rates for anyone within your calculated risk bracket. No one should ever overpay for car insurance - especially given the fact that there are so many insurers in the industry competing for your business.<br /><br />Most people overpay for car insurance out of sheer laziness. However the consumer that understands how car insurance works, and is clever enough to take advantage of all of its loopholes, will save significantly on their premium in the long run.<br /><br />Before you step foot into another insurance office, or visit another insurance website, make sure to print this guide and follow it carefully in order to ensure that you get the best insurance deal possible. Remember, car insurance best rates are achievable.</div>
Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-18340254734566698942012-08-10T10:06:00.001-07:002012-08-10T10:06:15.985-07:00About PEO Companies<div style="text-align: justify;">
Hiring is usually the task of the human resources division of a company. But this task particularly can be very time consuming as there are a lot of details to go through. No matter how long you have worked in the human resources department the process will always be a delicate one. This is designed to be that way because recruitment means opening up for another worker to bond with the system. They need to be selected based on their merits and be able to accomplish the goals set. This is certainly not easy.<br /><br />Lucky for you there is the <a href="http://www.nationalpeo.com/" target="_blank">peo services</a> that you can refer to. They will handle the recruitment and will become your think tank. The question is, why refer to them? Here are a few reasons you may find handy. The first is that they locate qualified employees with company long term plans for them. This leaves the qualified only in the arena. Another element is regulations and compliance. This may seem to be a small issue but the repercussions are at times very big. Therefore if you are recruiting it is important to have a set of regulations that will be assisted by the team.<br /><br />With a <a href="http://www.nationalpeo.com/peocompany.php" target="_blank">peo company</a> you are also free from the harm of lawsuits to your company. Lawsuits filed against you will severely harm the company. Luckily for you with a PEO company to watch your back they will indeed take on the risk for you. This is why many companies refer to PEO services. Refer to this team right here. Give them a call through working hours for consultation. Watch the result reveal like a charm. Only the best teams can assure you quality. Have your newly recruited team managed in performance too. Let them do all the hard work and lead your business further.</div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-46326817595439426372012-06-11T02:32:00.003-07:002012-06-11T02:32:52.848-07:00What kind of Commodities best to invest?<div style="text-align: justify;">
When you really want to be on the raw materials as a part of its portfolio of investments in the long term instead of five are the most common ways about how to do investing in <a href="http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=105658903" target="_blank">Lloyds Commodities</a>. The trade in commodities may be done in the field "through spot transactions," when the delivery takes the place in a few days. Cash transactions are not the primary way the products are often in the large quantities, some buyers, and the risk that the cash price of both the purchase and instant delivery to accept to be bought. Commodity future trading is the most famous ways of selling and buying products. Instead, the most commodities traded at the end, when CBOT and NYMEX.<br /><br />Prices of the products in an efficient and transparent discovered, thanks to the participation of many sellers and buyers. If you did not know, a managed futures investment is similar to a mutual fund. Just put your money into the fund, and a CTA (Commodity Trading Advisor) would change the account in his name. In return you will receive monthly invoices from the CTA in relation to their account balances, open positions, and access to information in real time. This type of program is the ideal investment vehicle for those who invest in commodities. How popular is the reverse of the goods in the investment world? <br /><br />If you are looking for investment ideas to diversify your portfolio, you always hear about futures funds. In the past 30 years, those funds that invest in commodities, especially commodity funds in excess of 130 billion Euros to have. The popularity of these funds is increasing rapidly, the time goes. By diversifying your portfolio, the risk can be reduced, especially during recessions; bear markets, when declining stocks lose value, and tilt. Commodities tend to rise and this would go against the declining value of the portfolio, the best performing stocks of raw materials, not just in sectors and individual stocks or stock indexes also.</div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-54256658563846804032012-04-17T13:35:00.000-07:002012-04-17T21:03:51.164-07:00Markets surge on favorable earnings reports<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Stocks never saw saw selling after the markets jumped at the opening. Dow finished up 194, advancers over decliners a more mild less than 4-1 & NAZ gained 54 (helped by Apple snapping back 29 following its recent sell-off). The MLP index recovered 3+ to 389 & the REIT index rose 2+ to 254 (within spitting distance of its yearly highs). Junk bond funds continued higher & Treasuries slipped back. Oil climbed to a 2-week high as Spain raised more than its maximum target at a debt auction & the IMF bolstered its global growth forecast. Oil has been drifting sideways for a few days (shown in the graph below). <br /><br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/768/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/768/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="color: red; text-align: center;"><i><b><span style="font-size: large;">Click below for the latest market update:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><h2><a href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr><td class="bond_name name "><h3>U.S. 3-month</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.076%</b></td><td class="change value_down "><br /></td></tr><tr><td class="bond_name name "><h3>U.S. 2-year</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.274%</b></td><td class="change value_up "><br /></td></tr><tr><td class="bond_name name last"><h3>U.S. 10-year</h3></td><td class="value_yield last" style="color: #cc0000;"><b>2.003%</b></td><td class="change value_up last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...104.25</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Up" border="0" height="14px" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10px" /> <b style="color: #008800;">1.32</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #008800;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #008800;">(1.3%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><a href="http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts" target="_blank"><img alt="Live 24 hours gold chart [Kitco Inc.]" border="0" height="305px" hspace="0" src="http://www.kitco.com/images/live/gold.gif" width="480px" /></a><br /><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img border="0" height="155px" src="http://www.kitco.com/LFgif/au0365nys.gif" width="250px" /></a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/factories-in-u-s-cool-/173020.html" rel="#173020" target="_blank"><img alt="Factories in U.S. Cool " class="small_img img_keep_size" src="http://www.bloomberg.com/image/i3QTDpJGMWHU.jpg" /> </a><br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br />US factory production fell in Mar after companies made fewer electronic products, steel & other metals after 3 months of strong manufacturing gains. The Federal Reserve said that factory production dropped 0.2% last month. However in Q1, manufacturing output rose at an annual rate of 10.4% led by a nearly 40% increase production of motor vehicles & parts. Overall industrial production was flat in Mar, the 2nd straight month of no gain. A big 1.5% jump in output at utilities was offset by weakness in manufacturing. Output at the nation's mines edged up 0.2%. In recent months, factories are benefiting from rising consumer confidence & a better job market. Retail sales rose 0.8% in Mar. The gain capped a strong qtr for retail spending, which is contributing to a brighter outlook for growth in Q1. Businesses have responded to higher sales by restocking at a steady pace, a sign that they expect the trend to carry over into the spring. <br /><br /><a class="q story_link bar" data-id="M2MKQ30D9L3501" data-type="Story" href="http://www.bloomberg.com/news/2012-04-17/u-s-industrial-production-was-little-changed-for-second-month.html">Factories in U.S. Cool for First Time in Four Months: Economy</a><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/j-j-1q-profit-jumps-photo-125847562.html"><img alt="<p> FILE - In a Tuesday, Oct. 18, 2011 file photo, First Aid products, made by Johnson & Johnson, are displayed in a store in Brunswick, Maine. Johnson & Johnson on Tuesday, April 17, 2012 announced sales of $16.1 billion for the first quarter of 2012, a decrease of 0.2% as compared to the first quarter of 2011. (AP Photo/Pat Wellenbach, File)" height="123px" src="http://l.yimg.com/bt/api/res/1.2/LWre.NVRPZWtIkSJ06v1LQ--/YXBwaWQ9eW5ld3M7Y2g9MzM0ODtjcj0xO2N3PTUxODQ7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTEyMztxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_GENERAL_BUSINESS_NEWS/dbb84755df9c140a0d0f6a7067004e56_original.jpg" title="<p> FILE - In a Tuesday, Oct. 18, 2011 file photo, First Aid products, made by Johnson & Johnson, are displayed in a store in Brunswick, Maine. Johnson & Johnson on Tuesday, April 17, 2012 announced sales of $16.1 billion for the first quarter of 2012, a decrease of 0.2% as compared to the first quarter of 2011. (AP Photo/Pat Wellenbach, File)" width="190px" /><span class="action enlarge"></span></a></li></ul></div>Photo: Yahoo<br /><br /><span class="yshortcuts" id="lw_1334687346_1">Johnson & Johnson</span>, a Dow stock & Dividend Aristocrat, Q1 profit jumped 12.5% on lower spending on research, sales & administration & a boost from selling rights to a drug. But revenue slipped due to generic competition. JNJ said it will take longer than anticipated to return many recalled consumer products to stores & to rebuild a factory that made them because of serious quality problems there. Initially it said Tylenol, Motrin & other <span class="yshortcuts" id="lw_1334687346_2">nonprescription drugs</span> would all return to store shelves by mid-2012, but the latest delay pushes that back to well into next year. The costs to rebuild the factory, & for extra regulatory inspections of 2 others that make J&J's nonprescription drugs, are coming in higher than expected, although details were not given. Q1 EPS rose to $1.41 from $1.25 last year. Excluding costs related to the pending $21B acquisition of orthopedics device maker Synthes & a benefit from currency exchange rates, EPS was $1.37. Revenue dipped 0.2% to $16.1B. Expectations were for EPS of $1.35 on higher revenue of $16.3B. The company raised its annual profit forecast by 2¢ to $5.07-$5.17, excluding one-time items. Analysts are forecasting EPS of $5.11 for the year. The stock was up 16¢ on this muddy news, following little movement for many months.<br /><br /><a class="q teaser_link story_link" data-id="M2FVNJ1A74E901" data-type="Story" href="http://www.bloomberg.com/news/2012-04-17/j-j-s-first-quarter-profit-climbs-on-demand-for-new-drugs.html">Johnson & Johnson Increases Forecast as New Drugs Raise First-Quarter Net</a><br /><br /><h1><span style="font-size: large;">Johnson & Johnson (JNJ)</span></h1><br /><a href="http://www.blogger.com/post-edit.g?blogID=2617993480821979699&postID=1272283203340844719"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000JNJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/short-sales-surpass-foreclosures-banks-agree-to-more-deals-/172924.html" rel="#172924" target="_blank"><img alt="Short Sales Surpass Foreclosures, Banks Agree to More Deals " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iicSmbU30FfI.jpg" /></a><br /><br />Photo: Bloomberg<br /><br />The number of home short sales surpassed foreclosure deals for the first time as banks became more agreeable to selling houses for less than the amount owed on their mortgages, according to Lender Processing Services. Short sales accounted for 23.9% of home purchases in Jan, the most recent month available, compared with 19.7% for sales of foreclosed homes. A year earlier, 16.3% of transactions were short sales & 24.9% involved foreclosures. “It’s a fairly recent phenomenon that short sales have been increasing,” Jonathon Weiner, a vice president in the applied analytics division of Lender Processing Services, said. “Short sales should be the dominant way of disposing of assets” in distress, he added. Lenders are catching up to short sales after being slow to provide the staffing & incentives necessary to complete the deals, Weiner said. The transactions typically fetch a higher price for banks than sales of homes that have gone thru foreclosure. In Jan, foreclosed homes sold for an average of 29% less than comparable non-distressed properties, compared with a 23% discount for short sales & the gap has narrowed as short sales become more common. The growing percentage of short sales, which don’t require going thru the drawn-out foreclosure process, is a sign that the US is making progress in working thru its inventory of distressed properties & the increase in short sales also may help values find a floor quicker. “Our baseline scenario is that home prices will hit a bottom at the end of this year,” he said. This a big part of the housing depression which has limited the economic recovery in the US & kept unemployment at high levels.<br /><br /><a class="q teaser_link story_link" data-id="M2E4KT6KLVR501" data-type="Story" href="http://www.bloomberg.com/news/2012-04-17/short-sales-surpass-foreclosures-as-banks-agree-to-deals.html">Home Short Sales Surpass Foreclosures in U.S. as Banks Approve More Deals</a><br /><br /><br />Today was the kind of day bulls like to see, with hardly a seller in sight. Earnings were good, Spain muddled by another another day when it sold bonds & Apple (AAPL) had a strong recovery. But European economic & debt problems have not gone away. The IMF is still forecasting flattish growth for the next couple of years. Spain has enormous problems, starting with extremely high unemployment. And some biggies were saying they're bearish on the € (around $1.31) which has been unable to find traction this year even with the best of news. But the bulls will point out the Dow had an impressive gain bringing it within 200 of its yearly highs. I worry about gas at the pump which remains above $3.90.<br /><br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a></div><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/773/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/773/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/519/CD3289/&dp=0&l=0&campaignid=6"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/519/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/221/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/221/" /></a></div><div style="color: #274e13; text-align: center;"><i><b><span style="font-size: large;"><br /></span></b></i></div><div style="text-align: center;"><i style="color: #274e13;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i><span style="color: #274e13;"> </span><span style="font-size: large;"><b> </b></span></div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/320/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/320/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/208/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/208/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/37/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/37/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-2623766333072621992012-04-17T08:29:00.000-07:002012-04-17T21:03:51.183-07:00Markets rise on good earnings<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow roared out of the gate & kept charging forward. Dow shot up 168, advancers ahead of decliners 5-1 & NAZ jumped 43. Bank stocks had only modest gains, taking the Financial Index up 2 to the 207s. MLPs rebounded, taking the index up 3+ to the 389s & the REIT index added 1 to the 252s. Junk bond funds edged higher while Treasuries were weak, taking the yield on the 10 year Treasury back up to 2%. Oil had a good day along with higher stock markets & gold was little changed.<br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><h2><a class="" href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr> <td class="bond_name name "><h3>U.S. 3-month</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.076%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name "><h3>U.S. 2-year</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.270%</b></td> <td class="change value_up "><br /></td> </tr><tr> <td class="bond_name name last"><h3>U.S. 10-year</h3></td> <td class="value_yield last" style="color: #cc0000;"><b>1.996%</b></td> <td class="change value_up last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...104.78</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Up" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10" /> <b style="color: #008800;">1.85</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #008800;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #008800;">(1.8%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=GCJ12.CMX">GCJ12.CMX....</a></td><td class="second name">Gold Apr 12</td><td class="last_trade"><b><span id="yfs_l10_gcj12.cmx">.........1,652.40</span></b> <nobr><span id="yfs_t10_gcj12.cmx"></span></nobr></td><td><span id="yfs_c10_gcj12.cmx">....<img alt="Up" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10" /> <b style="color: #008800;">3.70</b></span> <span id="yfs_p20_gcj12.cmx"><b style="color: #008800;"> </b></span></td><td><span id="yfs_p20_gcj12.cmx"><b style="color: #008800;">(0.2%)</b></span></td></tr></tbody></table><br /><div style="text-align: center;"><a href="http://www.ino.com/info/772/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/772/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="color: red; text-align: center;"><i><b><span style="font-size: large;"><br /></span></b></i></div><div style="color: red; text-align: center;"><i><b><span style="font-size: large;">Get the latest daily market update below: </span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/imf-raises-global-economic-growth-forecast-to-3-5-from-3-3-/173016.html" rel="#173016" target="_blank"><img alt="IMF Raises Global Economic Growth Forecast to 3.5% From 3.3% " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iMbvlBDVoLaU.jpg" style="width: 190px;" /> </a> <br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br />The IMF is more optimistic about the global economy after seeing faster US growth & a co-ordinated effort in Europe to address its debt crisis. It forecasts the US economy should expand 2.1% this year. Europe will likely shrink 0.3% & the world economy should grow 3.5%. All 3 estimates are slightly better than the Jan forecast. The IMF praised European leaders for bulking up its bailout fund & taking other steps to address the crisis. But it said the crisis continues to loom as the biggest threat to the global economy. The report comes as the 187-nation IMF & its sister lending institution, the World Bank, prepare to hold their spring meetings in DC this week.<br /><br /><a class="q story_link bar" data-id="M2LE4X0D9L3501" data-type="Story" href="http://www.bloomberg.com/news/2012-04-17/imf-raises-global-economic-growth-forecast-to-3-5-from-3-3-.html">IMF Raises Global Economic Growth Forecast to 3.5% From 3.3%</a><br /><br /><div class="bd"><ul><li class="photo first"><a class="media" href="http://finance.yahoo.com/photos/newly-constructed-home-available-sale-pictured-housing-development-photo-123912907.html;_ylt=Apu0smKgzS61b22_2g_VDxoHuodG;_ylu=X3oDMTRsYTdkcjI2BG1pdANGaW5hbmNlIE5ldyBSZWxhdGVkIENvbnRlbnQgTmV3BHBrZwM3Y2ViN2M4My1iNjY2LTM1NGYtYjEyMi0xZDE3OWNlYjQ2ODAEcG9zAzEEc2VjA01lZGlhUFJBcnRpY2xlUmVsYXRlZAR2ZXIDZjQ1NGIwNzAtODg4ZS0xMWUxLWJkZWYtNDQ2OTRjMjdmMGNi;_ylg=X3oDMTJwYmhqNDlsBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDOTVkMDNmYTItNWNmNi0zNDk4LWIzOGUtYjE4NTVjODUyOWY4BHBzdGNhdAMEcHQDc3RvcnlwYWdlBHRlc3QD;_ylv=3"><img alt="A newly constructed home available for sale is pictured in a new housing development area in Vista, California March 20, 2012. REUTERS/Mike Blake" class="" height="136" src="http://l.yimg.com/bt/api/res/1.2/8s1P2NchT1H0FJi6hH3eFg--/YXBwaWQ9eW5ld3M7Y2g9MzIyO2NyPTE7Y3c9NDUwO2R4PTA7ZHk9MDtmaT11bGNyb3A7aD0xMzY7cT04NTt3PTE5MA--/http://media.zenfs.com/en_us/News/Reuters/2012-04-17T130947Z_1_CBRE83G0Z5H00_RTROPTP_2_USA-ECONOMY-HOUSING.JPG" title="A newly constructed home available for sale is pictured in a new housing development area in Vista, California March 20, 2012. REUTERS/Mike Blake" width="190" /></a></li></ul></div>Photo: Yahoo<br /><br />Groundbreaking on homes fell unexpectedly in Mar, but permits for future construction rose to their highest level in 3½ years according to the Commerce Dept. Housing starts slipped 5.8% to an annual rate of 654K units (under the forecasted rate of 705K). Feb starts were revised down to a 694K-unit pace from a previously reported 698K unit rate. The Mar decline was the biggest percentage drop in a year, although most of the fall was in the volatile multi-unit category, which declined 16.9%. Starts for single-family homes eased only 0.2%. Brightening the report's message on the economy, new permits for home construction surged. Permits rose 4.5% to a 747K-unit pace last month, the highest since Sep 2008 (Lehman collapse) & beat expectations for a 710K-unit pace. Depressed housing has showed signs of an recovery in recent months, & homebuilding could add to economic growth this year for the first time since 2005. However, an oversupply of unsold homes, which is depressing prices, remains a major hurdle. Sentiment among home builders ebbed in Apr for the first time in 7 months. Housing is on the mend but returning to the good old days remains a distant goal.<br /><br /><a class="q story_link bar" data-id="M2MIQ03T6SRT01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-17/housing-starts-in-u-s-unexpectedly-decrease-to-five-month-low.html">U.S. Housing Starts Unexpectedly Drop to Five-Month Low</a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/coca-cola-profit-tops-analysts-estimates-/172976.html" rel="#172976" target="_blank"><img alt="Coca-Cola Profit Tops Analysts’ Estimates " class="small_img img_keep_size" src="http://www.bloomberg.com/image/idRpX3EKs3PY.jpg" /> </a> <br /><div class="caption"><br /></div><div class="caption">Photo: Bloomberg</div><br />Coca Cola, a Dow stock & Dividend Aristocrat, net income rose 8% in Q1 as it sold more drinks around the world. EPS was 89¢, above 82¢ last year & was slightly ahead the 88¢ forecast. Higher profit was driven by a 5% increase in global volume, with growth across all regions. Smaller packages were introduced to attract price-conscious consumers as part of an effort to spur sales in North America, where the soft drink industry is in a 7-year decline. Beverage sales volume for the unit climbed 2%, driven by demand for Powerade energy drinks & Dasani water. The stock rose $1.78 to the $74s, not seen since the late 1990s.<br /><br /><a class="q teaser_link story_link" data-id="M2MGK51A74E901" data-type="Story" href="http://www.bloomberg.com/news/2012-04-17/coca-cola-profit-tops-analysts-estimates-as-u-s-gains.html">Coca-Cola First-Quarter Profit Beats Estimates as North America Sales Jump</a><br /><h1><span style="font-size: large;">Coca-Cola Company (The) (KO)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000KO-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><br />The stock markets are feeling better after earnings reports brought out buyers. Dow is back over 13K but the S&P 500 is under 1400. The European debt mess is back on the back burners, getting little attention even though Spain has become shaky. The € is a proxy for the European economy & sovereign debt problems. It's above $1.31 & has not changed much in 5 months. Even with today's rise, Dow has returned to where it was 2 months ago. But the bulls want to take over again. Maybe they'll succeed this time.<br /><h1><span style="font-size: large;">Dow Industrials (INDU)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a></div><br /><br /><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/193/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/193/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/419/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/419/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/311/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" height="39" src="http://ino.directtrack.com/42/3289/311/" width="320" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #351c75;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <b><span style="font-size: large;"> </span></b></div><div style="text-align: center;"><b><span style="font-size: large;"><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></span></b></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/307/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/307/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-90317029915857636892012-04-16T13:34:00.000-07:002012-04-17T21:03:51.202-07:00Defensive stocks rise while tech stock sell off<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow rose 71, advancers ahead of decliners 3-2 but NAZ fell 22 led by selling in Apple (AAPL) stock. Bank stocks had a good day, taking the Financial Index up 2 to the 205s. The MLP index dropped almost 2 to the 385s & is off 26 from its record highs in Feb (shown in the graph below). The REIT index gained 3½ to the 251s & just 4 below its recent yearly highs. Junk bond funds edged higher & Treasuries rose on greater concerns over Spanish debt. Oil did little as talks proceed with Iran about its nuclear program & gold pulled back $8.<br /><br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="color: red; text-align: center;"><i><b><span style="font-size: large;">Click below for the latest market update:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><h2><a href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasyr yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr><td class="bond_name name "><h3>U.S. 3-month</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.076%</b></td><td class="change value_down "><br /></td></tr><tr><td class="bond_name name "><h3>U.S. 2-year</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.270%</b></td><td class="change value_up "><br /></td></tr><tr><td class="bond_name name last"><h3>U.S. 10-year</h3></td><td class="value_yield last" style="color: #cc0000;"><b>1.970%</b></td><td class="change value_down last"><br /></td></tr></tbody></table><br /><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">102.95</span></b> <nobr><span id="yfs_t10_clk12.nym">T</span></nobr></td><td><span id="yfs_c10_clk12.nym"><img alt="Up" border="0" height="14px" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10px" /> <b style="color: #008800;">0.12</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #008800;">(0.1%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><a href="http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts" target="_blank"><img alt="Live 24 hours gold chart [Kitco Inc.]" border="0" height="305px" hspace="0" src="http://www.kitco.com/images/live/gold.gif" width="480px" /></a><br /><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img border="0" height="155px" src="http://www.kitco.com/LFgif/au0182nys.gif" width="250px" /></a><br /><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/us-retail-sales-rose-0-photo-134547812.html"><img alt="<p> FILE - In this March 12, 2012 file photo, a shopper carries bags of merchandise in Freeport, Maine. U.S. retail sales rose at a solid pace in March 2012, as a healthier job market encouraged more consumers to shop, the Commerce Department said Monday, April 16, 2012. (AP Photo/Pat Wellenbach, File)" height="148px" src="http://l.yimg.com/bt/api/res/1.2/Ztc4X49wTficzWeIHWD6NA--/YXBwaWQ9eW5ld3M7Y2g9MzQ1Njtjcj0xO2N3PTQ0NjQ7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTE0ODtxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_AP_HEADLINES_BUSINESS/8da2360ac60ffd0a0c0f6a706700541c_original.jpg" title="<p> FILE - In this March 12, 2012 file photo, a shopper carries bags of merchandise in Freeport, Maine. U.S. retail sales rose at a solid pace in March 2012, as a healthier job market encouraged more consumers to shop, the Commerce Department said Monday, April 16, 2012. (AP Photo/Pat Wellenbach, File)" width="190px" /></a></li></ul></div>Photo: Yahoo<br /><br />Americans bought more electronics, started home improvement projects & updated their wardrobes last month. R<span class="yshortcuts" id="lw_1334599684_2">etail sales</span> rose 0.8% in Mar according to the <span class="yshortcuts" id="lw_1334599684_0">Commerce Dept</span>. The increase capped a strong qtr of gains & contributed to a brighter outlook for growth in Q1. Businesses are responding by restocking their shelves at a steady pace because they expect the trend to carry over into the spring. More retail spending also helped offset a decline in confidence among homebuilders & could ease concerns about Mar hiring Consumers are spending more despite paying higher <span class="yshortcuts" id="lw_1334599684_3">gas prices</span> & seeing little growth in wages. They bought more furniture, groceries, clothes & sporting goods last month while they paid more for gas. Excluding cars, gas & food, sales rose 8.2% in Q1, the most in 2 years, pushing total retail sales to a record high of $411B (24% higher than the recession low in Mar 2009). Encouraging news about the economy.<br /><br /><a class="q story_link" data-id="M2KO203T6SRH01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-16/retail-sales-in-u-s-increased-more-than-forecast-in-march.html">U.S. Retail Sales Rise More Than Forecast on Improving Job Market: Economy</a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/apple-falls-below-600-/172580.html" rel="#172580" target="_blank"><img alt="Apple Falls Below $600 " class="small_img img_keep_size" src="http://www.bloomberg.com/image/ikcnV0qXGB3g.jpg" style="width: 190px;" /> </a><br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br />Apple fell for a 5th day on speculation that demand for the iPad may wane & that mobile-phone carriers will cut subsidies for the iPhone, eroding profitability of its best-selling products. Verizon (VZ), a Dow stock, said last week that it will begin charging customers $30 to upgrade to a new phone. The move suggests mobile-phone service providers may take other steps, including trimming subsidies, to keep sales of the iPhone from eating into profit margins. There are also worries that demand for iPad3 is beginning to wane. The AAPL earnings report, due next week, could show sales of the tablet missed predictions. AAPL fans are loyal, but many forget that it is subject to market forces, such as competition. The stock has almost doubled during the last year, but is down 25 today & down 65 from its highs last week.<br /><br /><a class="q teaser_link story_link" data-id="M2KSPU6VDKIC01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-16/apple-drops-most-in-almost-six-months-in-intraday-trading-1-.html">Apple Falls for Fifth Day on Concern Carriers May Cut Subsidies for IPhone</a><br /><br /><h1><span style="font-size: large;">Apple Inc. (AAPL)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AAPL-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><br />M&T Bank, is not one of the majors, but gives a glimpse into bank earnings. Q1 profit dipped from a year ago that were fortified by proceeds from an investment securities sale. EPS was $1.50, down from $1.59 a year ago but ahead of $1.47 forecasted. The year-ago period included a 20¢ gain related to sale of investment securities. Net interest income rose 9% to $620M. The provision for credit losses fell to $49M from $75M, a sign that credit trends are improving. Net interest income after deducting the provision for credit losses was $571M compared with $544M in the prior-year. Trust income more than tripled as MTB continues to benefit from its acquisition of Wilmington Trust last year. M&T Bank operates bank branches in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware & DC. The stock gained $1.25.<br /><br /><span id="yui_3_4_0_1_1334605005990_402"><a href="http://finance.yahoo.com/news/m-t-bank-1st-quarter-164025893.html;_ylt=AvJDleqQyY6yWQB6nshTuwL2uYdG;_ylu=X3oDMTNnN21mNzJxBG1pdAMEcGtnA2Y5YmU1ODFkLWFkODgtM2RiYS1hYmRlLWIyMTExMzMyNzQ5MQRwb3MDMTA5BHNlYwNNZWRpYVRvcFN0b3J5BHZlcgMxYmU5MzVlMC04N2UzLTExZTEtYmZlNy1kY2NiYTMyNDAxNmY-;_ylv=3" id="yui_3_4_0_1_1334605005990_442">M&T Bank 1st-quarter net income dips</a><cite id="yui_3_4_0_1_1334605005990_440"> AP</cite></span><br /><br /><h1><span style="font-size: large;">M&T Bank Corporation (MTB)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000MTB-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><span id="yui_3_4_0_1_1334605005990_402">Trading was unusual today. Dow had a good advance while the S&P 500 was even & NAZ slumped, hurt by a big drop at Apple (AAPL).</span> Half the Dow stocks led the advance starting with Travelers (TRV), P&G (PG) & Home Depot (HD) which all were up more than 1.5%. For what it's worth, there was a little bit of selling into the close. Maybe that's getting picky & not significant.<br /><br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/773/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/773/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/222/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/222/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #783f04;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <b><span style="font-size: large;"> </span></b></div><div style="text-align: center;"><b><span style="font-size: large;"><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></span></b></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/380/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/380/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/517/CD3289/&dp=0&l=0&campaignid=6"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/517/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/208/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/208/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/37/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/37/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-73619852140144165772012-04-16T08:19:00.000-07:002012-04-17T21:03:51.219-07:00Mixed markets on mixed earnings<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow gained 63 although off its best levels, decliners just ahead of advancers & NAZ slumped 18, hurt by a drop of 11 (to 594) at Apple (AAPL). The Financial Index was up 1 to the 204s. The MLP index fell a fraction to 387 & the REIT index went up 1+ to almost 250. Junk bond funds were higher & Treasuries rose on more uncertainty about Spanish debt. Oil & gold did little.<br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><h2><a class="" href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr> <td class="bond_name name "><h3>U.S. 3-month</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.081%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name "><h3>U.S. 2-year</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.270%</b></td> <td class="change value_up "><br /></td> </tr><tr> <td class="bond_name name last"><h3>U.S. 10-year</h3></td> <td class="value_yield last" style="color: #cc0000;"><b>1.960%</b></td> <td class="change value_down last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">..Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...102.81</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Down" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10" /> <b style="color: #cc0000;">0.02</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #cc0000;">(0.0%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=GCJ12.CMX">GCJ12.CMX</a></td><td class="second name">...Gold Apr 12</td><td class="last_trade"><b><span id="yfs_l10_gcj12.cmx">.........1,654.50</span></b> <nobr><span id="yfs_t10_gcj12.cmx"></span></nobr></td><td><span id="yfs_c10_gcj12.cmx">...<img alt="Down" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10" /> <b style="color: #cc0000;">4.60</b></span> <span id="yfs_p20_gcj12.cmx"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_gcj12.cmx"><b style="color: #cc0000;">(0.3%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><div style="text-align: center;"><a href="http://www.ino.com/info/772/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/772/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: red;"><b><span style="font-size: large;">Get the latest daily market update below:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/europe-seeks-bigger-imf-war-chest-/172396.html" rel="#172396" target="_blank"><img alt="Europe Seeks Bigger IMF War Chest " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iaNudNxYK0gQ.jpg" /> </a> <br /><div class="caption"><br /></div>Bank of Spain<br />Photo: Bloomberg<br /><br /><span class="yshortcuts" id="lw_1334575506_0">Spain</span>'s debt yields broke above 6% as investors worried about its budget, knocking the € & sending safe-haven <span class="yshortcuts" id="lw_1334575506_4">German bonds</span> to a record last set at the height of the euro zone crisis. Mixed signals from the <span class="yshortcuts" id="lw_1334575506_3">E</span><span class="yshortcuts" id="lw_1334575506_1">CB</span> over its willingness to help the market by restarting a special bond buying program & news Spanish banks have been heavy borrowers of cheap ECB funds also undermined confidence. Spain's 10-year bonds were up 16 basis points at 6.15%, 5-year yields topped 5%, while 2-year yields spiked to 3.7%, all highs for this year. 6% was last reached in Dec & is psychologically important for markets. The rise typically accelerates after that level, putting yields on course for 7% beyond which debt costs are seen as unsustainable. The cost of insuring Spanish debt against default also hit record highs in early trading. Contagion fears also pushed Italian 10-year bonds higher. European officials are traveling to DC seeking a bigger global war chest to combat the debt crisis to help Spain's gov battle market turmoil over its finances. Can you spell, "Greece II?"<br /><br /><a class="q story_link bar" data-id="M2GSE30UQVI901" data-type="Story" href="http://www.bloomberg.com/news/2012-04-15/euro-area-to-seek-bigger-imf-war-chest-as-spain-concerns-mount.html">Euro Area Seeks Bigger IMF War Chest on Spanish Concerns</a><br /><br /><br />The outlook for <span class="yshortcuts" id="lw_1334585467_4">homebuilders</span> dimmed in Apr after 6 months of rising or steady confidence, suggesting the <span class="yshortcuts" id="lw_1334585467_0">housing market</span> remains weak despite modest gains. The <span class="yshortcuts" id="lw_1334585467_1">National Association</span> of Home Builders/Wells Fargo builder sentiment index fell this month to 25 from 28. Last month's reading was the highest since Jun 2007. The index rose for 5 straight months between Sep & Feb. Builders expressed weaker confidence in sales over the next 6 months. A separate gauge measuring that outlook rose for 6 straight months before falling this month, from 35 to 32. Any reading below 50 indicates negative sentiment about the housing market & the index hasn't reached hit that level in 6 years. The spring buying season got an early start thanks to a mild Jan & Feb, which made up the best winter for sales of previously occupied homes in 5 years. Permits to build houses & apartments rose in Feb to their highest level since 2008. But home prices continued to fall as builders keep slashing their prices to stay competitive. Last year was the worst for new-home sales on records dating back to 1963. <br /><br /><a href="http://finance.yahoo.com/news/us-homebuilder-outlook-dips-below-140052319.html;_ylt=AgTQj.vVN1O.pmPf8k1LK0LquYdG;_ylu=X3oDMTN0b2R1MTV0BG1pdANOZXdzIFRvcCBTdG9yeSBMaXN0BHBrZwNjZTEyZDdlMC05YmMxLTM5ZTAtYjk3ZC1jYzFjYWIwMTU2MGIEcG9zAzEEc2VjA3RvcF9zdG9yeQR2ZXIDMDIxM2E0ODAtODdjZS0xMWUxLTk5YmQtMGFhNDUzYTNkODgw;_ylg=X3oDMTFvb2xvMHZoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANuZXdzBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3">U.S. Homebuilder Outlook Dips Below 4-Year High</a><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/citigroup-made-2-9-billion-photo-130629500.html;_ylt=Aq4I6wcpgWpQixcNB_3HZRQFuodG;_ylu=X3oDMTRsb2xoN3IzBG1pdANGaW5hbmNlIE5ldyBSZWxhdGVkIENvbnRlbnQgTmV3BHBrZwMzZWNhMDE3Mi0xODM2LTMyNWUtYmRkNi1hODliZjU2ZTE3NTkEcG9zAzEEc2VjA01lZGlhUFJBcnRpY2xlUmVsYXRlZAR2ZXIDMzY3OWJiMDAtODdjNS0xMWUxLThlNmUtYzc4ZWYwOWQ3OGEy;_ylg=X3oDMTJ0ZTE4aXA0BGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDNTBiZTllZGQtOGJkMC0zMWI4LTk5MGEtYzEyMGI0OThjNTFhBHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQR0ZXN0Aw--;_ylv=3"><img alt="<p> FILE - This Oct. 13, 2011 file photo, shows a Citibank branch in New York. Citigroup reported Monday, April 16, 2012, a profit of $2.9 billion for the first three months of the year. The bank says it collected record revenue from processing international transactions by other companies. It was hurt by an accounting charge of $1.3 billion as the value of its debt increased. (AP Photo/Mark Lennihan, File)" class="" height="127" src="http://l.yimg.com/bt/api/res/1.2/R0AdHb_cPUhkok9CIcozBg--/YXBwaWQ9eW5ld3M7Y2g9Mzc0NDtjcj0xO2N3PTU2MTY7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTEyNztxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_GENERAL_BUSINESS_NEWS/fd8f2171c5e7fc0a0c0f6a70670082bf_original.jpg" title="<p> FILE - This Oct. 13, 2011 file photo, shows a Citibank branch in New York. Citigroup reported Monday, April 16, 2012, a profit of $2.9 billion for the first three months of the year. The bank says it collected record revenue from processing international transactions by other companies. It was hurt by an accounting charge of $1.3 billion as the value of its debt increased. (AP Photo/Mark Lennihan, File)" width="190" /></a></li></ul></div>Photo: Yahoo<br /><br /><span class="yshortcuts" id="lw_1334581686_0">Citigroup</span> made $2.9B in Q1, helped by <span class="yshortcuts" id="lw_1334581686_1">record revenue</span> from processing transactions for its intl clients & more customers paying back loans on time. EPS was 95¢, short of the $1.01 expected. The bank pointed to a separate figure for EPS, $1.11 per share, that does not include a $1.3B accounting charge that Citi took because the value of its debt increased. Revenue was $19.4B, down 2% from a year earlier. Citi took advantage of increased <span class="yshortcuts" id="lw_1334581686_4">intl trade</span> & its intl transaction services had <span class="yshortcuts" id="lw_1334581686_2">quarterly revenue</span> of $2.7B, up 7% from last year. Because more customers paid on time, the bank took a profit of $1.2B from reversing reserves it had set aside for loan losses. <span class="yshortcuts" id="lw_1334581686_3">Customer loans</span> late by at least 90 days, including credit card payments, fell 19% from a year ago. But investment banking revenue fell 12% to $5.3B because volume in the stock market has been light this year . Citi's equity markets revenue fell 18%. Q1 results continued a stream of profits in the past 2 years, which gave CEO Vikram Pandit enough confidence to promise shareholders a higher div. However, in a setback, the Federal Reserve said Citi, unlike most of its peers, did not have enough capital to raise its div & still withstand a financial crisis worse than 2008. On these mixed kind of earnings, the stock rose 76¢. <br /><br /><a class="q story_link" data-id="M2JOSV1A1I4H01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-16/citigroup-misses-estimate-on-accounting-cost-as-trading-rebounds.html">Citigroup Shares Advance as Bank’s Bond-Trading Revenue More Than Doubles</a><br /><br /><h1><span style="font-size: large;">Citigroup Inc. (C)</span></h1><br /><a href="http://www.blogger.com/post-edit.g?blogID=2617993480821979699&postID=7021427327118184774"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000C-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><br />Last week was weak & this week began in a sluggish fashion. Bank earnings are coming in wishy-washy. Gains from reversing provisions for bad debts are only temporary. The rest of the story is inconclusive. AAPL is down a whopping 50 from its highs set a week ago, not a positive sign for the markets. The European debt mess is flaring up again & slower growth for China are nagging worries which are keeping buyers away. This week should bring more earnings reports, but expectations are not high. Markets are on defense.<br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a></div><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/435/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/435/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/419/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/419/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/677/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/677/" /></a></div><div style="color: #351c75; text-align: center;"><i><b><span style="font-size: large;"><br /></span></b></i></div><div style="text-align: center;"><i style="color: #351c75;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <span style="font-size: large;"><b> </b></span></div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/98/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/98/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-35350984651204039502012-04-13T13:16:00.000-07:002012-04-17T21:03:51.247-07:00Markets drop on slower Chinese growth & European debt woes<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow dropped 135, decliners over advancers 3-1 & NAZ fell 44. The Financial Index fell a very big 5+ to the 203s (down 12 from its 2012 highs just 3 weeks ago). The MLP index rose a fraction to 387 while the REIT index slipped a fraction to 249. Junk bond funds drifted lower but Treasuries gained. Oil sold off & gold sank 25, as it has been hanging around the low 1600s for much 2012.<br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="color: red; text-align: center;"><i><b><span style="font-size: large;">Click below for the latest market update:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><h2><a class="" href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr> <td class="bond_name name "><h3>U.S. 3-month</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.081%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name "><h3>U.S. 2-year</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.270%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name last"><h3>U.S. 10-year</h3></td> <td class="value_yield last" style="color: #cc0000;"><b>1.996%</b></td> <td class="change value_down last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...102.83</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Down" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10" /> <b style="color: #cc0000;">0.81</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #cc0000;">(0.8%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><a href="http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts" target="_blank"> <img alt="Live 24 hours gold chart [Kitco Inc.]" border="0" height="305" hspace="0" src="http://www.kitco.com/images/live/gold.gif" vspace="0" width="480" /></a><br /><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img border="0" height="155" src="http://www.kitco.com/LFgif/au0060lns.gif" width="250" /></a><br /><br /><br />Britain kept its AAA grade with a stable outlook at S&P as it disagreed with Moody’s & Fitch on the risks to Britain’s ability to pay its debts. The gov will succeed in maintaining its focus on closing the budget deficit, S&P said, as it praised the country’s political institutions for their capacity to react “quickly” to economic challenges. “The stable outlook reflects our current expectation that the U.K. government will implement the bulk of its fiscal consolidation program and that economic growth will not falter more than what we currently project,” S&P said. The decision contrasts with Moody’s & Fitch, which warned in the past 2 months that the UK faces the risk of losing its top grade. Chancellor of the Exchequer Osborne has drawn on such threats to insist that the gov “cannot waver” from its deficit-cutting commitment, which he reaffirmed in his Mar budget. While the austerity plan will “likely drag on economic growth,” S&P said that “the U.K. economy’s capacity to absorb shocks has improved.” S&P also forecast the UK deficit will reach 4% of GDP in the fiscal 2016, more than the 2.9% gov estimate, as economic growth will probably fall short of forecasts. Gov debt will peak in 2014, the ratings company said. Everybody is is watching all sovereign debt issues in Europe.<br /><br /><div class="q_link_wrapper"><a class="q story_link" data-id="M2FEOX6KLVRE01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-13/u-k-s-top-rating-affirmed-as-stable-at-s-p-as-debt-seen-peaking.html">U.K. Keeps Stable AAA Outlook as S&P Disagrees With Fitch</a> </div><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/wells-fargo-beats-earnings-expectations-photo-142732995.html"><img alt="<p> FILE - This Jan. 12, 2012 file photo shows the logo at a Wells Fargo Home Mortgage center in Pittsburgh. Wells Fargo, a San Francisco-based bank, reported a 13 percent rise in income in the first three months of the year on an increase in mortgage lending. (AP Photo/Gene J. Puskar, File)" class="" height="100" src="http://l.yimg.com/bt/api/res/1.2/UM22peZi5NPsb4Oom1HR8A--/YXBwaWQ9eW5ld3M7Y2g9MjU1MDtjcj0xO2N3PTQ4ODQ7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTEwMDtxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_AP_HEADLINES_BUSINESS/195aed1478ffb60a0c0f6a70670034a8_original.jpg" title="<p> FILE - This Jan. 12, 2012 file photo shows the logo at a Wells Fargo Home Mortgage center in Pittsburgh. Wells Fargo, a San Francisco-based bank, reported a 13 percent rise in income in the first three months of the year on an increase in mortgage lending. (AP Photo/Gene J. Puskar, File)" width="190" /></a></li></ul></div>Photo: Yahoo<br /><br />Wells Fargo profit jumped 13% in Q1, thanks to strong mortgage lending & a drop in <span class="yshortcuts" id="lw_1334327530_1">delinquent loans. </span>Net income climbed to $4B from $3.6B a year earlier. EPS was 75¢, beating the 73¢ estimate. It also beat on revenue, bringing in $21.6B instead of the predicted $20.4B. The country's 4th-largest, has fared better than many others throughout the global economic meltdown & has become both the biggest mortgage lender & servicer. Nearly a third of mortgages made in the US now come from WFC. That distinction has brought revenue gains but also legal problems as it set aside more money to pay investors who allege they were misled about mortgage-backed securities the bank sold before the <span class="yshortcuts" id="lw_1334327530_3">financial crisis</span>. WFC also set aside more money for litigation expenses. In mortgages, noninterest income soared 42% from the year before to $2.9B, far greater than the $2.1B that was predicted. Expenses increased as more money was set aside for commissions & bonuses in mortgage lending & other business areas. The headcount stands at 265K, down 5K from a year ago but up 700 from Q4. There were encouraging signs about ability of borrowers to pay back their loans. The percentage of loans that were charge-offs, meaning the bank doesn't expect to collect on them, dropped to 1.25% from 1.73% a year ago, the lowest since 2007 (before the financial crisis imploded). The bank also set aside less money for future potential losses. The stock dropped $1.13.<br /><br /><a href="http://finance.yahoo.com/news/wells-fargo-beats-earnings-expectations-125855476.html">Wells Fargo beats earnings expectations</a><cite>AP</cite><br /><br /><h1><span style="font-size: large;">Wells Fargo & Company (WFC)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000WFC-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/whats-googles-plan-split-stock-photo-233312895.html;_ylt=AqaSm4H_iW5OcxxdConFOMwFuodG;_ylu=X3oDMTRsZ3BmcTViBG1pdANGaW5hbmNlIE5ldyBSZWxhdGVkIENvbnRlbnQgTmV3BHBrZwMyYjVhZTgzMy1hMTViLTM0OTQtYTU3Yi0xMDA1YjYxYzc5ZTUEcG9zAzEEc2VjA01lZGlhUFJBcnRpY2xlUmVsYXRlZAR2ZXIDZjM1YzcxZDAtODUyZC0xMWUxLTlmN2YtNTUzNzM2MGY0Nzdj;_ylg=X3oDMTJ0M3JqNHQwBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDOWEyZGQzNTgtNDAwYi0zOGM1LThhNWItMjFhZTFkMzc2YTBjBHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQR0ZXN0Aw--;_ylv=3"><img alt="<p> Google workers ride bikes outside of Google headquarters in Mountain View, Calif., Thursday, April 12, 2012. Google Inc. said Thursday that it earned $2.89 billion, or $8.75 per share, in the first quarter. That’s up from $1.8 billion, or $5.51 per share, a year earlier. (AP Photo/Paul Sakuma)" class="" height="118" src="http://l.yimg.com/bt/api/res/1.2/dJxsk8dphaj3XxJX3ZlU5w--/YXBwaWQ9eW5ld3M7Y2g9Mjc3Mjtjcj0xO2N3PTQ1MDA7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTExODtxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_AP_FINANCIALTIMES/1a0f48f7608ca40a0c0f6a706700ba3d_original.jpg" title="<p> Google workers ride bikes outside of Google headquarters in Mountain View, Calif., Thursday, April 12, 2012. Google Inc. said Thursday that it earned $2.89 billion, or $8.75 per share, in the first quarter. That’s up from $1.8 billion, or $5.51 per share, a year earlier. (AP Photo/Paul Sakuma)" width="190" /></a></li></ul></div><br />Photo: Yahoo<br /><br />Google announced plans to issue a new class of stock to existing shareholders, effectively splitting shares 2 for 1. But this is an unusual approach, reflecting a desire by GOOG founders to preserve the company's long-term interests. Current GOOG stock structure concentrates voting power with Larry Page & Sergey Brin, its 2 founders, & with Executive Chairman Eric Schmidt. GOOG is afraid of diluting that power as it issues new shares to employees & companies it acquires thru stock purchases. GOOG claims there's no immediate danger of that happening. Each share of class A stock will receive one share of class C stock which is identical to Class A except it lacks voting power. With about $50B in cash, GOOG can easily use cash for most acquisitions. The earnings report was good, but the loss of voting rights hurts. The stock fell $26 (4%).<br /><br /><a href="http://finance.yahoo.com/news/call-google-ceo-larry-page-005647564.html">On the Call: Google CEO Larry Page</a><cite>AP</cite><br /><h1><span style="font-size: large;">Google Inc. (GOOG)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000GOOG-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><br />The start of earnings season should be a time of joy, but it wasn't. The first 2 big banks have reported with good but mixed reports that did not encourage investors to buy. The big 3 continue to plague the markets: a so-so economic recovery in the US (hurt by high gas prices), a slowdown in China & European debts issues resurfacing (starting with Spain). The Dow lost over 200 this week with selling into the close today. Earnings season could be a tough time for stocks. <br /><br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/771/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/771/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/222/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/222/" /></a></div><div style="color: #660000; text-align: center;"><i><b><span style="font-size: large;"><br /></span></b></i></div><div style="text-align: center;"><i style="color: #660000;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <span style="font-size: large;"><b> </b></span></div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/98/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/98/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/519/CD3289/&dp=0&l=0&campaignid=6"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/519/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/208/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/208/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/192/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/192/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-48485176609424955602012-04-13T08:27:00.000-07:002012-04-17T21:03:51.269-07:00Lower markets on weaker consumer confidence<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow fell 98, decliners over advancers 4-1 & NAZ was off (percentage wise) a bigger 34. Banks stocks led the selling as earnings reports are coming in. The MLP index was flat in the 386s & the REIT index fell 1+ to the 248s. Junk bond funds were mixed & Treasuries rose taking the yield on the 10 year Treasury back below 2%. Oil was lower & gold pulled back.<br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><h2><a class="" href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr> <td class="bond_name name "><h3>U.S. 3-month</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.081%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name "><h3>U.S. 2-year</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.274%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name last"><h3>U.S. 10-year</h3></td> <td class="value_yield last" style="color: #cc0000;"><b>1.996%</b></td> <td class="change value_down last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...103.03</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">......<img alt="Down" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10" /> <b style="color: #cc0000;">0.61</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #cc0000;">(0.6%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=GCJ12.CMX">GCJ12.CMX</a></td><td class="second name">....Gold Apr 12</td><td class="last_trade"><b><span id="yfs_l10_gcj12.cmx">.........1,666.50</span></b> <nobr><span id="yfs_t10_gcj12.cmx"></span></nobr></td><td><span id="yfs_c10_gcj12.cmx">...<img alt="Down" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10" /> <b style="color: #cc0000;">13.00</b></span> <span id="yfs_p20_gcj12.cmx"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_gcj12.cmx"><b style="color: #cc0000;">(0.8%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><div style="text-align: center;"><a href="http://www.ino.com/info/773/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/773/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: red;"><b><span style="font-size: large;">Get the latest daily market update below:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/waiters-hotel-cross-road-beijings-photo-023115699.html"><img alt="Waiters from a hotel cross a road in Beijing's Central Business District, September 3, 2010. REUTERS/Jason Lee/Files" class="" height="123" src="http://l.yimg.com/bt/api/res/1.2/JOpZOCB0ZL5unId4HnfPOw--/YXBwaWQ9eW5ld3M7Y2g9NTE2O2NyPTE7Y3c9ODAwO2R4PTA7ZHk9MDtmaT11bGNyb3A7aD0xMjM7cT04NTt3PTE5MA--/http://globalfinance.zenfs.com/images/SG_AHTTP_OLINBUS_Wrapper_NewFeed_1/2012-04-13T114730Z_3_CDEE83C070E00_RTROPTP_3_CHINA-ECONOMY-DATA_original.jpg" title="Waiters from a hotel cross a road in Beijing's Central Business District, September 3, 2010. REUTERS/Jason Lee/Files" width="190" /></a></li></ul></div>Photo: Yahoo<br /><br />The annual rate of GDP growth for China in Q1 slowed to 8.1% from 8.9% in Q1, according to the <span class="yshortcuts" id="lw_1334317804_4">National Bureau of Statistics. It was also</span> below the 8.3% forecast. China's stock market rallied despite the disappointing data, on the hope that the poor results would spur more assistance from <span class="yshortcuts" id="lw_1334317804_3">the gov</span>, perhaps easier lending terms or more gov spending. But China's fiscal policy has been firmly pro-growth since the autumn of 2011 & easier monetary policy in the form of 100 basis points of required reserve ratio (RRR) cuts has given banks some 800B yuan of extra cash to lend. A huge bounce in new lending in Mar, 25% ahead of forecasts, at 1T yuan, signals that money is being put to work & the view is that there's at least 1.2T yuan more already earmarked for action for the rest of the year. <span class="yshortcuts" id="lw_1334317804_2">Economic growth</span> was last this low in Q4 2009, when the gov supplied 4T yuan of stimulus to escape the grip of a financial crisis that had driven global trade, to which China's growth is levered, to a virtual halt.<br /><br /><a href="http://finance.yahoo.com/news/china-q1-gdp-eases-near-023115962.html;_ylt=AkdxC98dseip6_LRky70HAjquYdG;_ylu=X3oDMTN0Nm52OG9hBG1pdANOZXdzIFRvcCBTdG9yeSBMaXN0BHBrZwM3MTQzNjI0ZS1mZmI4LTMwZGUtOWExOC1iMGRjYWUxYTllZmIEcG9zAzIEc2VjA3RvcF9zdG9yeQR2ZXIDY2VkNDEwZDAtODU1ZS0xMWUxLWJlYWUtYmE4NzExYWI0ZjBj;_ylg=X3oDMTFvb2xvMHZoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANuZXdzBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3">Weak China GDP Growth no Signal for Fresh Stimulus</a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/u-s-michigan-consumer-sentiment-decreased-/171924.html" rel="#171924" target="_blank"><img alt="U.S. Michigan Consumer Sentiment Decreased " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iSgi5OPOav7k.jpg" /> </a> <br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br />Consumer confidence cooled in Apr from a one-year high as Americans’ assessment of their financial situation eased. The Thomson Reuters/University of Michigan’s preliminary index of consumer confidence dropped to 75.7 from 76.2 last month. It was projected to hold at 76.2. Tempered optimism follows a slowdown in employment gains last month & a decline in stock prices in the last 2 weeks. At the same time, gas prices close to $4 a gallon pose a risk for consumer purchases that account for about 70% of the economy. The Michigan index of current conditions, which reflects perceptions of the financial situation & whether it’s a good time to buy big-ticket goods like cars, declined to a 4-month low of 80.6 in Apr from 86 a month earlier. The gauge of consumer expectations for 6 months from now, which more closely projects the direction of consumer spending, climbed to 72.5, the highest since Sep 2009, from 69.8 in Mar. <br /><br /><a class="q story_link bar" data-id="M2F81P0YHQ0X01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-13/u-s-michigan-consumer-sentiment-decreased-to-75-7-in-april.html">U.S. Michigan Consumer Sentiment Decreased to 75.7 in Apr</a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/jpmorgan-earnings-beat-estimates-/171866.html" rel="#171866" target="_blank"><img alt="JPMorgan Earnings Beat Estimates " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iLCPCC2gHHdE.jpg" /> </a> <br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br />JPMorgan Chase, the largest bank in the country, issued more mortgage loans in Q1 & turned a bigger profit than expected. EPS was $1.31, beating expectations of $1.16. But revenue & profit declined at most businesses, including investment banking. CEO Jamie Dimon said the bank expects high costs from the bursting of the real estate bubble last decade "for a while longer." The bank set aside $2.5B to fight legal battles, including over foreclosures. There were bright spots: customers continued to pay credit card bills & mortgage loans on time, which allowed the bank to pick up $1.8B from the reserves it had set aside to cover loan losses (but not ongoing earnings). It issued 6% more mortgage loans, & applications for mortgages grew 33% as more customers took advantage of historically low rates to refinance their loans. The mortgage business earned $461M, reversing a loss last year. Overall, earnings fell 3% from the prior year, while its revenue grew 6% to $24.4B. JPM also gained $1.1B from a settlement related to Washington Mutual, the failed bank it bought during the depths of the 2008 financial crisis. Though the bank ranked first in investment banking fees globally in Q1, revenue & income fell, reflecting turbulence in the markets because of fears that Greece might default on its debt. Even though the stock market rallied in Q1, trading volume was low as many investors, particularly individuals, decided to stay away. Revenue at its investment bank was $7.3B, compared with $8.2B last year, & fees fell 23% to $1.4B. The stock fell 72¢ on this mixed picture.<br /><br /><div class="q_link_wrapper"><a class="q story_link" data-id="M2EZCP07SXKX01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-13/jpmorgan-earnings-beat-estimates-on-gains-from-mortgage-lending.html">JPMorgan Earnings Beat Estimates on Mortgage Lending Gains</a></div><h1><span style="font-size: large;">J P Morgan Chase & Co (JPM)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000JPM-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><br />Even after yesterday's big gain, Dow is down 175 in a drab week. Expectations for earnings are not great & the reports will deliver less than inspiring results. Treasuries had a bad Q1 after an outstanding year in 2011. But they have been in favor in the last month. Gold, the other main safe haven investment, is not seeing a pickup in demand but that may be hurt by reduced buying from India. Markets are on defense & may have a tough period as earnings are reported.<br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> </a></div><br /><br /><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/435/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/435/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/419/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/419/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/311/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" height="39" src="http://ino.directtrack.com/42/3289/311/" width="320" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #20124d;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <span style="font-size: large;"><b> </b></span></div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/319/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/319/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-18822624367040518472012-04-12T13:41:00.000-07:002012-04-17T21:03:51.288-07:00Markets rose on easing European debt worries<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">The markets started the day higher & never looked back. Dow finished up 181 closing near its highs (but still shy of 13K), advancers over decliners almost 5-1 & NAZ added 39. Bank stocks led the way in this broad rally, taking the Financial Index up 4 to the 208s. The MLP index was up 3+ to the 386s & the REIT index gained 3+ to the 249s. Junk bonds funds slipped & Treasuries pulled back. Oil rose with the stock market & gold also had a good day, up $19.<br /><br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="color: red; text-align: center;"><i><b><span style="font-size: large;">Click below for the latest market update:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><h2><a href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr><td class="bond_name name "><h3>U.S. 3-month</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.086%</b></td><td class="change value_up "><br /></td></tr><tr><td class="bond_name name "><h3>U.S. 2-year</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.286%</b></td><td class="change value_down "><br /></td></tr><tr><td class="bond_name name last"><h3>U.S. 10-year</h3></td><td class="value_yield last" style="color: #cc0000;"><b>2.053%</b></td><td class="change value_up last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">103.62</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym"><img alt="Up" border="0" height="14px" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10px" /> <b style="color: #008800;">0.92</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #008800;">(0.9%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><a href="http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts" target="_blank"><img alt="Live 24 hours gold chart [Kitco Inc.]" border="0" height="305px" hspace="0" src="http://www.kitco.com/images/live/gold.gif" width="480px" /></a><br /><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img border="0" height="155px" src="http://www.kitco.com/LFgif/au0365nys.gif" width="250px" /></a><br /><br /><br />Bill Dudley, Chairman of the Federal Reserve Bank of New York, said the economy may be gaining strength even as the weakest job growth in 5 months highlights risks to growth. “The incoming data on the US economy has been a bit more upbeat of late, suggesting that the recovery may be getting better established,” Dudley said. Yet “it is still too soon to conclude that we are out of the woods, as underlined by the March labor-market release,” he added although he still supports holding the main interest rate close to zero through late 2014. The FOMC meets on Apr 24-25 to debate policy for an economy described as growing at a “modest to moderate” pace in the Beige Book survey released yesterday. In response to a question, he said he agrees with the Mar 13 statement backing low rates through at least late 2014. “I haven’t seen any set of information that would suggest to me we should change that view,” he said. He also said it’s “not free to do another round of quantitative easing,” noting that bond purchases would expand the Fed’s balance sheet & “create more anxiety on the part of some that it would lead to future inflation.” While asset purchases by the Fed shouldn’t be considered inflationary, some people may hold such a view, he said. In a separate question he said the Fed might “reconsider” additional stimulus measures if the economy got worse. He described the conditions that would prompt this: “If we get back into a situation where the US economy is faltering & we’re not having the kind of economic growth putting the unemployment rate on a clearly downward trajectory. If inflation is well behaved or if inflation expectations are starting to falter.” These words brought out stock buyers today.<br /><br /><div class="q_link_wrapper"><a class="q story_link" data-id="M2CB4X1A74E901" data-type="Story" href="http://www.bloomberg.com/news/2012-04-12/dudley-says-upbeat-economic-data-damped-by-march-jobs-report.html">Fed’s Dudley Says Jobs Report Damps Upbeat Economic Data</a> </div><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/sony-cut-10-000-jobs-photo-094038061.html"><img alt="<p> Sony Corp. President and Chief Executive Officer Kazuo Hirai, third from left, poses for photographers with the corporate executives, from left, Executive Deputy President Hiroshi Yoshioka, Executive Vice President and Chief Financial Officer Masaru Kato, Hirai, EVP Tadashi Saito, EVP Shoji Nemoto, and EVP Kunimasa Suzuki after a press conference in Tokyo, Thursday, April 12, 2012. Hirai outlined his business strategy and pledged to revive the electronics and entertainment company. (AP Photo/Shizuo Kambayashi)" height="125px" src="http://l.yimg.com/bt/api/res/1.2/a2a0ZinPoz9EYNrXMoWskw--/YXBwaWQ9eW5ld3M7Y2g9MTk1MDtjcj0xO2N3PTI5NzI7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTEyNTtxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_AP_HighTechNews/333ff0545e29990a0c0f6a7067006795_original.jpg" title="<p> Sony Corp. President and Chief Executive Officer Kazuo Hirai, third from left, poses for photographers with the corporate executives, from left, Executive Deputy President Hiroshi Yoshioka, Executive Vice President and Chief Financial Officer Masaru Kato, Hirai, EVP Tadashi Saito, EVP Shoji Nemoto, and EVP Kunimasa Suzuki after a press conference in Tokyo, Thursday, April 12, 2012. Hirai outlined his business strategy and pledged to revive the electronics and entertainment company. (AP Photo/Shizuo Kambayashi)" width="190px" /><span class="action enlarge"></span></a></li></ul></div>Photo: Yahoo<br /><br />Mighty Sony has big problems. Faced with mounting losses, SNE will slash 10K (6%) of its global workforce) as it tries to turn around its money-losing TV business over the next 2 years. New CEO Kazuo Hirai pledged to revive the electronics & entertainment company. SNE earlier this week more than doubled its annual net loss projection for the fiscal year thru Mar to ¥520B ($6.4B), its 4th straight year of red ink & worst loss ever. After being battered by competitors & for years, it has been struggling to regain the swagger & innovative flair that made it a dominant force in the 1980s & early 1990s. Hirai is committed to strengthening the company's mainstay electronics business — which includes digital cameras, games & smartphones — by concentrating investment & technological development in this division. He aims to boost its share of overall company sales to 70% by 2015 from the current 60%. To cover the job cuts & restructuring efforts, SNE will take a ¥75B charge this fiscal year. The company aims for ¥8½T in sales by 2015, up from a forecast of ¥6.4T for the just-ended fiscal year. With a dismal chart, the stock was flat today.<br /><br /><a class="q story_link" data-id="M2D54O0D9L3601" data-type="Story" href="http://www.bloomberg.com/news/2012-04-12/sony-tunes-out-tvs-as-hirai-sees-future-in-imaging-portables.html">Sony Tunes Out Televisions as CEO Hirai Sees Future in Imaging, Portables</a><br /><br /><h1><span style="font-size: large;">Sony Corp Ord (SNE)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000SNE-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/hp-shows-recovery-following-pc-photo-191423172.html"><img alt="<p> FILE - In a Friday, March 9, 2012 file photo, Hewlett Packard CEO and President Meg Whitman speaks at a conference on the Stanford University campus in Palo Alto, Calif. HP is in the midst of a turnaround under a new chief, former eBay Inc. CEO Whitman. Hewlett-Packard Co. showed signs of recovery in the first three months of the year as it strengthened its position as the world's largest maker of personal computers and gained back some of the business it had lost while weighing whether to dump its PC division. HP's stock jumped nearly 7 percent by early afternoon Thursday, April 12, 2012, the first trading day since research groups Gartner and IDC released their quarterly PC shipment estimates. (AP Photo/Paul Sakuma, File)" height="127px" src="http://l.yimg.com/bt/api/res/1.2/TxpnVdfOIBfGP3LTmIlAmw--/YXBwaWQ9eW5ld3M7Y2g9MzI2NDtjcj0xO2N3PTQ4OTY7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTEyNztxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_AP_FINANCIALTIMES/5681a99b6024a20a0c0f6a706700d543_original.jpg" title="<p> FILE - In a Friday, March 9, 2012 file photo, Hewlett Packard CEO and President Meg Whitman speaks at a conference on the Stanford University campus in Palo Alto, Calif. HP is in the midst of a turnaround under a new chief, former eBay Inc. CEO Whitman. Hewlett-Packard Co. showed signs of recovery in the first three months of the year as it strengthened its position as the world's largest maker of personal computers and gained back some of the business it had lost while weighing whether to dump its PC division. HP's stock jumped nearly 7 percent by early afternoon Thursday, April 12, 2012, the first trading day since research groups Gartner and IDC released their quarterly PC shipment estimates. (AP Photo/Paul Sakuma, File)" width="190px" /></a></li></ul></div>Meg Whitman<br />Photo: Yahoo<br /><br />All the tech news is not downbeat. Hewlett-Packard, a Dow stock, is showing signs of recovery as it strengthened its position as the world's largest maker of PCs & gained back some of the business it lost while weighing whether to dump its PC division. HPQ is is turning around under CEO Meg Whitman. After taking over she decided to keep the PC unit, despite the growing competitive challenge the industry faces from smartphones & tablets. The company lost market share during that period of uncertainty. According to IDC, HPQ worldwide market share dropped to 16% in Q4, after HP signaled in Aug that it might shed the PC business (its share had been at least 18% earlier in the year). IDC just estimated that HP's worldwide share in Q1 was back to 18%. In the US, IDC said, its Q1 share was 28%, nearly back to what it had been last summer (after dropping in the holiday qtr to 23%). Stockholders liked the news, taking it up 1.69 (7%).<br /><br /><a class="q story_link bar" data-id="M2DDL70YHQ1G01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-12/hewlett-packard-gains-most-in-5-months-on-pc-shipment-jump-1-.html">Hewlett-Packard Gains Most in 5 Months on PC Shipment Jump</a><br /><br /><h1><span style="font-size: large;">Hewlett-Packard Company (HPQ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000HPQ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><br />In addition to hopes for a QE3, lower Italian bond yields & rumors about a strong GDP growth figure for China encouraged risk takers to buy stocks. But these look like temporary factors. I'm in the camp that says QE3 is unnecessary. The markets forgot about high gas prices which were still $3.91 yesterday. Earnings will begin in the next few days which can define where the markets are going. Google (GOOG) reported after hours. Revenue was $10.1B with EPS of $10.08. The stock is up another $3 on the gut reaction to the news.<br /><br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a></div><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/773/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/773/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/678/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/678/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/221/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/221/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #783f04;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <span style="font-size: large;"><b> </b></span></div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/517/CD3289/&dp=0&l=0&campaignid=6"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/517/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/237/CD3289/&dp=0&l=0&campaignid=3"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/237/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/193/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/193/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/208/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/208/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/192/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/192/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-28036348680181285612012-04-12T08:28:00.000-07:002012-04-17T21:03:51.394-07:00Markets rise on hopes for a QE3<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Stocks began the day higher & buyers continue to be in command. Dow rose 148, advancers almost 4-1 over decliners & NAZ added 36. The Financial Index was up 2+ to the 206s (where it was a month ago). The MLP index recovered 1+ to the 385s & the REIT index gained 1 to the 247s. Junk bond funds & Treasuries eased back a little. Oil is trying to work its way higher as is gold.<br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><h2><a class="" href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr> <td class="bond_name name "><h3>U.S. 3-month</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.081%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name "><h3>U.S. 2-year</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.286%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name last"><h3>U.S. 10-year</h3></td> <td class="value_yield last" style="color: #cc0000;"><b>2.035%</b></td> <td class="change value_up last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">....Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...103.49</span></b> <nobr><span id="yfs_t10_clk12.nym">T</span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Up" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10" /> <b style="color: #008800;">0.79</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #008800;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #008800;">(0.8%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=GCJ12.CMX">GCJ12.CMX</a></td><td class="second name">....Gold Apr 12</td><td class="last_trade"><b><span id="yfs_l10_gcj12.cmx">.........1,669.00</span></b> <nobr><span id="yfs_t10_gcj12.cmx"></span></nobr></td><td><span id="yfs_c10_gcj12.cmx">....<img alt="Up" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10" /> <b style="color: #008800;">10.00</b></span> <span id="yfs_p20_gcj12.cmx"><b style="color: #008800;"> </b></span></td><td><span id="yfs_p20_gcj12.cmx"><b style="color: #008800;">(0.6%)</b></span></td><td class="last"><br /></td></tr></tbody></table><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/772/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/772/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: red;"><b><span style="font-size: large;">Get the latest daily market update below:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/u-s-jobless-claims-increase-to-380-000-/171494.html" rel="#171494" target="_blank"><img alt="U.S. Jobless Claims Increase to 380,000 " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iXUyWYTP2PRg.jpg" /> </a> <br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/job-seekers-attend-large-career-photo-130308540.html"><img alt="Job seekers attend a large career fair at Rutgers University in New Brunswick, New Jersey, January 6, 2011. REUTERS/Mike Segar" class="" height="125" src="http://l.yimg.com/bt/api/res/1.2/bfJhsF8HmEZkOv5URE7t4A--/YXBwaWQ9eW5ld3M7Y2g9NTI1O2NyPTE7Y3c9ODAwO2R4PTA7ZHk9MDtmaT11bGNyb3A7aD0xMjU7cT04NTt3PTE5MA--/http://globalfinance.zenfs.com/images/US_AHTTP_REUTERS_OLUSBUS_WRAPPER_H_LIVE_NEW/2012-04-12T131215Z_3_CBRE83B107L00_RTROPTP_3_USA-ECONOMY-JOBS_original.jpg" title="Job seekers attend a large career fair at Rutgers University in New Brunswick, New Jersey, January 6, 2011. REUTERS/Mike Segar" width="190" /></a></li></ul></div>Photo: Yahoo<br /><br />The number filing for jobless aid rose last week to the highest level since Jan, a development that could raise fears the labor market recovery has stalled after job creation slowed in Mar. <span class="yshortcuts" id="lw_1334236507_3">Initial claims</span> for <span class="yshortcuts" id="lw_1334236507_1">benefits</span> increased 13K to 380K according to the <span class="yshortcuts" id="lw_1334236507_4">Labor Dept (above</span> expectations for a drop to 355K). The 4-week moving average rose 4K to 368K. Easter holidays may have caused the spike in claims. The data comes in the wake of last week's disappointing employment report for Mar, which showed the economy created 120K new jobs, the smallest number since Oct. Despite the rise in claims last week, both first-time applications for unemployment aid & the 4-week average held below the 400K mark, implying steady job gains.<br /><br /><a class="q story_link bar" data-id="M2D9E01A1I8001" data-type="Story" href="http://www.bloomberg.com/news/2012-04-12/u-s-jobless-claims-increase-to-380-000-higher-than-forecast.html">U.S. Jobless Claims Rise to 380,000, Higher Than Forecast</a><br /><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/us-trade-deficit-fell-february-photo-133136420.html"><img alt="<p> FILE - In this Jan. 17, 2012 file photo, the container ship CMA CGM Georgia, sails into Charleston Harbor past a marina in Mount Pleasant, S.C., near Charleston, S.C. The U.S. trade deficit fell in February 2012 to the lowest point in four months because American exports rose to an all-time high while imports dropped. The Commerce Department says the trade deficit decreased 12.4 percent to $46 billion in February, down from $52.5 billion in January. (AP Photo/Matt Rourke, File)" class="" height="127" src="http://l.yimg.com/bt/api/res/1.2/GLSgjAQRSJOnOg7cm39gFw--/YXBwaWQ9eW5ld3M7Y2g9MzI2NDtjcj0xO2N3PTQ4OTY7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTEyNztxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_AP_HEADLINES_BUSINESS/ae0f02b05efb9d0a0c0f6a7067005adc_original.jpg" title="<p> FILE - In this Jan. 17, 2012 file photo, the container ship CMA CGM Georgia, sails into Charleston Harbor past a marina in Mount Pleasant, S.C., near Charleston, S.C. The U.S. trade deficit fell in February 2012 to the lowest point in four months because American exports rose to an all-time high while imports dropped. The Commerce Department says the trade deficit decreased 12.4 percent to $46 billion in February, down from $52.5 billion in January. (AP Photo/Matt Rourke, File)" width="190" /></a></li></ul></div>Photo: Yahoo<br /><br />The US <span class="yshortcuts" id="lw_1334237588_0">trade deficit</span> fell in Feb to its lowest point in 4 months as exports rose to an all-time high while imports dropped. A narrower deficit could lead to upward revisions for growth estimates in Q1. The Commerce Dept said that the trade deficit decreased 12.4% to $46B in Feb, down from $52.5B in Jan. Exports inched up 0.1% to a record $181.2B. US businesses sold more in <span class="yshortcuts" id="lw_1334237588_4">Europe</span>, <span class="yshortcuts" id="lw_1334237588_1">China</span> & the rest of the world. Meanwhile imports dropped 2.7% to $227.2B, after hitting a record high in Jan. <span class="yshortcuts" id="lw_1334237588_2">Oil imports</span> fell, as did imports of foreign cars & machinery. A narrower trade deficit will weigh less on growth because it means businesses sold more American goods overseas while consumers bought fewer foreign-made products. Forecasts are for slower growth in Q1 to an annual rate of less than 2.5%, down from 3% in Q4. The deficit with the EU dropped 30% to $5.9B. Exports to the region rose 6.7% & it represents about 20% of America's export market. The deficit with China fell 25.6% to $19.4B, the lowest level since Mar 2011. For all of 2011, the deficit with China hit a record $295.5B, the highest deficit ever recorded with a single country. <br /><br /><a class="q story_link bar" data-id="M2D9E03T6SSB01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-12/trade-gap-in-u-s-narrows-more-than-forecast-as-imports-drop-1-.html">Trade Gap in U.S. Narrows More Than Forecast as Imports Drop</a><br /><br /><br />In the last week, the 30-year mortgage rate averaged 3.88%, down from 3.98% in the prior week according to Freddie Mac. The drop, the 3rd consecutive weekly decline, comes as long-term Treasury bond yields fell after a weaker than expected employment report for Mar. The 15-year rate dropped to 3.11% from 3.21% a week earlier. The previous low was 3.13% last month. But low rates are not helping the housing industry recover. Home-loan applications in the US dropped for the 8th week in the last 9 as fewer homes were refinanced. The Mortgage Bankers Association’s index decreased 2.4% in the period ended Apr 6. <br /><br /><a class="q story_link" data-id="M2C4ZJ6VDKIE01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-12/mortgage-rates-in-the-u-s-fall-with-15-year-at-lowest-on-record.html">Mortgage Rates in the U.S. Fall With 15-Year at Lowest on Record</a><br /><br /><br />A rumor was whispered that Ben wanted money to be even easier which was good enough to bring out buyers in force. While it sounds good, not sure how much good a QE3 would do. The US economy is doing good, but short of great. Housing is the largest single drag on the recovery & lower interest rates are not going to give it boost all of a sudden. The rest of the world is plodding along with Europe in a recession & China will report its Q1 GDP data tonight. Earnings reports will begin in earnest shortly. This rally could be another case of buy on the rumor & sell on the news. <br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a></div><br /><br /><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/237/CD3289/&dp=0&l=0&campaignid=3"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/237/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/419/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/419/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/36/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/36/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/220/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/220/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #134f5c;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <span style="font-size: large;"><b> </b></span></div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/307/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/307/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-76363775816385762432012-04-11T13:42:00.000-07:002012-04-17T21:03:51.515-07:00Oversold markets rebound awaiting bank earnings<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow began the day higher & then drifted lower. It finished up 89, advancers over decliners almost 4-1 & NAZ rose 25. The Financial Index was up 2+ to the 204s. <br /><br />The MLP Index gained 1+ to the 383s (still 28 below its record highs in Feb) & the REIT index shot up 3 to 246. Junk bond funds were mixed (still near recent multi year highs) & Treasuries pulled back after their 3 week rally. Oil had good day, keeping the pressure on gas prices to continue near $4 a gallon. Gold marked time. <br /><br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/768/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/768/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="color: #cc0000; text-align: center;"><i><b><span style="font-size: large;">Click below for the latest market update:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><div class="bonds open_trading ticker_groups" id="di_bonds"><h2><a href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr><td class="bond_name name "><h3>U.S. 3-month</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.081%</b></td><td class="change value_down "><br /></td></tr><tr><td class="bond_name name "><h3>U.S. 2-year</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.290%</b></td><td class="change value_up "><br /></td></tr><tr><td class="bond_name name last"><h3>U.S. 10-year</h3></td><td class="value_yield last" style="color: #cc0000;"><b>2.030%</b></td><td class="change value_up last"><br /></td></tr></tbody></table></div><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...102.62</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Up" border="0" height="14px" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10px" /> <b style="color: #008800;">1.60</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #008800;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #008800;">(1.6%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><a href="http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts" target="_blank"><img alt="Live 24 hours gold chart [Kitco Inc.]" border="0" height="305px" hspace="0" src="http://www.kitco.com/images/live/gold.gif" width="480px" /></a><br /><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img border="0" height="155px" src="http://www.kitco.com/LFgif/au0060lns.gif" width="250px" /></a><br /><br /><br />In Q1 the economy in China probably expanded at the slowest pace in almost 3 years, setting the stage for monetary loosening & aid to exporters to drive a rebound & fuel global growth. GDP growth is forecasted at 8.4%, following an 8.9% increase in Q4. The data may also show that industrial production & retail sales accelerated in Mar while spending on fixed assets slowed. But predictions are that the economy will pick up in Q2 as Premier Wen Jibao cuts banks’ required reserves & directs funds to infrastructure projects & smaller companies. That would help a global expansion clouded by US job gains that trailed forecasts in Mar & renewed concern over Europe's sovereign-debt crisis. China has allowed the yuan to weaken 0.2% this year against the dollar, following 2011’s 4.7% gain, amid a slowdown in exports. The benchmark Shanghai Composite Index of stocks has advanced 5% this year, compared with 8% rise for the MSCI Asia Pacific Index. Economic indicators have diverged so far this year. An official manufacturing index showed a 4th straight month of expansion in Mar, contrasting with a similar survey by HSBC& Markit Economics that recorded the worst contraction since Nov. Import growth in Mar trailed forecasts even as exports exceeded estimates, signaling cooling domestic demand. Because of its size, everybody is watching Chinese economic data.<br /><br /><a class="q story_link" data-id="M2ARX10UQVI901" data-type="Story" href="http://www.bloomberg.com/news/2012-04-11/china-s-growth-may-have-slowed-ahead-of-wen-revival.html">China’s Growth May Have Slowed Ahead of Wen Revival</a><br /><br /><br />The Federal Reserve (FED) survey (Beige Book) of business conditions across the US suggests last month's pullback in hiring may prove temporary. The survey showed that each of the 12 bank districts grew steadily from mid-Feb thru Apr 2 & noted that hiring was stable or increased in most of the country. This contrasts with data last week from the Labor Dept which showed hiring slowed in Mar to half the pace from the previous 3 months. However, the FED survey, which is anecdotal, didn't reflect that slowdown. The survey noted that job gains occurred in manufacturing, shipping, information technology & professional business services. Businesses expressed concerns about rising gas prices & retailers in 5 districts said they were worried that pricier gas would drag on consumer spending in coming months. But consumers are still spending. Retail sales increased in almost all districts & 4 districts said the short-term outlook for retail spending is positive. Residential real estate activity improved in most areas as developers built more apartments & banks said that demand for loans is increasing. When the FED meets Apr 24-25, members are expected to stick with their plan to hold short-term interest rates at record lows until at least late 2014. They will likely note the slower hiring pace reported by the gov. <br /><br /><span id="yui_3_4_0_1_1334172714782_335"><a href="http://finance.yahoo.com/news/fed-survey-shows-us-growth-180251878.html" id="yui_3_4_0_1_1334172714782_365">Fed survey shows US growth, hiring improves</a><cite id="yui_3_4_0_1_1334172714782_502"> AP</cite></span><br /><br /><br />The US <span class="yshortcuts" id="lw_1334168771_2">budget deficit</span> is running slightly lower than last year's thru the first 6 months of the fiscal year but is still on track to top $1T for a 4th straight year. <span class="yshortcuts" id="lw_1334168771_1">The Treasury Dept</span> said that the deficit in Mar totaled $198B, a record for that month (what was considered a large annual deficit not too long ago). That left the gap thru H1 at $779B, down 6% from a year earlier. The <span class="yshortcuts" id="lw_1334168771_0">Congressional Budget Office</span> forecasts a deficit of $1.17T for fiscal 2012, which began Oct 1, a small improvement from last year's $1.3T deficit. In H1of this year, revenue totaled $1.06T, up 4.4% from the prior year. Individual & corp tax receipts are both up, reflecting the improving economy. However, spending through H1 totaled $1.84T, slightly less than a year earlier. The Treasury will still need to borrow large amounts to finance these deficits.<br /><br /><span id="yui_3_4_0_1_1334172714782_335"><a href="http://finance.yahoo.com/news/us-budget-deficit-hits-record-180157333.html" id="yui_3_4_0_1_1334172714782_386">US budget deficit hits a record high for March</a><cite id="yui_3_4_0_1_1334172714782_556"> AP</cite></span><br /><br /><br />Enthusiasm from the favorable Alcoa (AA) earnings report diminished during the session even though AA stock had a good day, up 58¢ (6%). What's there to say? Markets are nervous waiting for earnings reports. Banks will be the first biggies & expectations are guarded to say the least. MLPs have receded into the background after being market leaders for almost 3 years, off the depths from recession lows. The rise for the index reduced its yield to below 6%, now 6.2% after its decline. Below 6% has been difficult to hold in the past. On the other side, distribution announcements will begin next week which should feature more increases. Today's rally was largely a function of oversold markets. Dow remains well under 13K & S&P 500 is 32 below 1400. Not good for the bulls.<br /><br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a></div><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/773/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/773/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/222/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/222/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #274e13;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <span style="font-size: large;"><b> </b></span></div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/380/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/380/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/519/CD3289/&dp=0&l=0&campaignid=6"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/519/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/208/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/208/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/435/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/435/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-49193770320943020992012-04-11T08:38:00.000-07:002012-04-17T21:03:51.615-07:00Markets rebound on Alcoa earnings<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow jumped 90 (near session highs), advancers over decliners better than 6-1 & NAZ added 33. The Financial Index was up 3+ to the 204s (still 11 below its highs a month ago). The MLP index was up 2+ to 384 & the REIT index gained 2+ to 246. Junk bond funds edged higher while Treasuries retreated, taking the yield on the 10 year Treasury back over 2%. Oil extended gains after the Energy Dept said stockpiles of gasoline & distillate fuels declined. Gold prices hardly budged.<br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-edit.g?blogID=2617993480821979699&postID=3506076248292065562"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><h2><a class="" href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr> <td class="bond_name name"><h3>U.S. 3-month</h3></td> <td class="value_yield" style="color: #cc0000;"><b>0.081%</b></td> <td class="change value_down"><br /></td> </tr><tr> <td class="bond_name name"><h3>U.S. 2-year</h3></td> <td class="value_yield" style="color: #cc0000;"><b>0.298%</b></td> <td class="change value_up"><br /></td> </tr><tr> <td class="bond_name name last"><h3>U.S. 10-year</h3></td> <td class="value_yield last" style="color: #cc0000;"><b>2.033%</b></td> <td class="change value_up last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12...</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">101.46</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Up" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10" /> <b style="color: #008800;">0.44</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #008800;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #008800;">(0.4%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=GCJ12.CMX">GCJ12.CMX</a></td><td class="second name">....Gold Apr 12</td><td class="last_trade"><b><span id="yfs_l10_gcj12.cmx">.........1,656.10</span></b> <nobr><span id="yfs_t10_gcj12.cmx"></span></nobr></td><td><span id="yfs_c10_gcj12.cmx">...<img alt="Down" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10" /> <b style="color: #cc0000;">3.40</b></span> <span id="yfs_p20_gcj12.cmx"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_gcj12.cmx"><b style="color: #cc0000;">(0.2%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><div style="text-align: center;"><a href="http://www.ino.com/info/773/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/773/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><span style="font-size: small;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></span></div><div style="text-align: center;"><br /></div><div style="color: #cc0000; text-align: center;"><span style="font-size: large;"><b>Get the latest daily market update below:</b></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/rajoy-says-spain-future-at-stake-/170900.html" rel="#170900" target="_blank"><img alt="Rajoy Says Spain Future at Stake " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iVsrVRnMwxY8.jpg" /> </a> <br /><div class="caption"><br /></div><div class="caption">Photo: Bloomberg</div><br />Spanish financial markets were on alert for further disruption, on fears the country might need a bailout. The yield for Spain's 10-year bonds, an indicator of the interest rate a country would have to pay to borrow on intl debt markets, dropped back to 5.81%, still close to the 4-month high of 5.93% reached yesterday (levels that pushed Ireland, Portugal & Greece to seek a bailout). There are several reasons for several concern: <br />* There are doubts that Spain will be able to lift its stagnating economy out of recession at a time when unemployment is nearly 23%. <br />*The Spanish gov has to cut its public deficit from 8.5% of its economic output to the maximum level set by the EU of 3% by 2013. <br />* The country's semiautonomous regional govs have been saddled with high amounts of debt & markets doubt they lack the budgetary discipline to turn their fortunes around. <br />* Many Spanish banks have been crippled by bad loans following the collapse of the real estate market in 2008. There are fears that the gov will have to step in & inject capital to save them from collapsing. <br />* Spain makes up 11% of eurozone GDP (compared with 2% for Greece) & would therefore have a greater impact on the eurozone's finances should it seek a bailout.<br />PM Rajoy said Spain's situation was "difficult and complicated." "The government's economic policies are tough and costly and will not produce results in the short term but they are what we have to do in these moments," said Rajoy. He added that Spain had overspent by €90B ($118B) last year. "We have to ask (creditors) for this and if they don't give it to us it puts us in a difficult position," he said. Adding to the country's woes are intl investors' increasing reluctance to own risky investments, such as gov bonds from Spain & other debt-laden countries like Italy, whose yield on its 10-year bond is 5.5%, down from 5.7% yesterday. Stay tuned for this looming disaster.<br /><br /><a class="q story_link bar" data-id="M29TLY1A1I4H01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-10/rajoy-says-spain-future-at-stake-as-debt-crisis-persists.html">Rajoy Says Spain Future at Stake as Debt Crisis Persists</a><br /><br /><br /><div class="thumbnail_container"><img alt="U.S. Files ‘Related’ Antitrust Suit Against Apple, Hachette " class="small_img img_keep_size" src="http://www.bloomberg.com/image/i6eCj1SiugOk.jpg" /> </div><br />Photo: Bloomberg<br /><br />The US sued Apple, Macmillan & others, claiming the publishers colluded to fix eBook prices (2 companies have settled their suits). AAPL & Macmillan, which have refused to engage in settlement talks<a href="http://topics.bloomberg.com/justice-department/"></a>, deny they colluded to raise prices for digital books. They will argue that their pricing agreements enhanced competition in the e-book industry. The Justice Dept is probing how AAPL changed the way publishers charged for e- books on the iPad & a Justice Dept said it would announce an “unspecified” antitrust settlement today. AAPL, Penguin & Macmillan want to protect the agency model that lets publishers, not vendors, set e-book prices. The gov is seeking a settlement that would let Amazon (AMZN) & other retailers return to a wholesale model, where retailers decide what to charge customers. A settlement could also void so-called most-favored nation clauses in AAPL contracts that require book sellers to provide it with the lowest prices they offer competitors. If not settled, this suit could get very messy for AAPL. The stock was not disturbed, gaining 4+ to 633.<br /><br /><a class="q story_link bar" data-id="M2BHZ66S972B01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-11/u-s-files-antitrust-lawsuit-against-apple-hachette.html">U.S. Files Antitrust Lawsuit Against Apple, Hachette</a> <br /><h1><span style="font-size: large;">Apple Inc. (AAPL)</span></h1><br /><a href="http://www.blogger.com/post-edit.g?blogID=2617993480821979699&postID=3506076248292065562"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AAPL-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/u-s-banks-face-profit-crunch-as-trading-slows-and-loans-lag-gdp-/170970.html" rel="#170970" target="_blank"><img alt="U.S. Banks Face Profit Crunch as Trading Slows and Loans Lag GDP " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iu7yGeXaCIbg.jpg" style="width: 190px;" /> </a> <br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br />The 6 largest US banks are expected to post an 11 % drop in Q1 profits, threatening a rally that has pushed bank stocks 19% higher in 2012. The banks may post $15.3B in net income (after adjusting for one-time items), down from $17.3B in last year’s Q1. Trading revenue at the biggest lenders is projected to fall 23% to $18.3B. US lenders, struggling to expand in commercial banking after the housing collapse, haven’t matched last year’s overall results, even as bond & equity markets strengthened. Making matters worse, loan balances increased less than the economy, bucking a trend in previous recoveries. Loans at the top 25 US banks rose 0.4% in Q1, slowing from 1% growth in Q4, according to the Federal Reserve. Loans fell to $4T from a peak of $4.24T in Q4 2008. Results may disappoint investors who bought bank stocks on a bet the industry was inexpensive & set to benefit from a strengthening economy. <br /><br /><a class="q teaser_link story_link" data-id="M20XIX0D9L3501" data-type="Story" href="http://www.bloomberg.com/news/2012-04-11/profit-drop-at-u-s-banks-imperils-rally.html">Profit Drop at U.S. Banks Jeopardizes 2012 Share Rally as Loans Trail GDP</a><br /><br /><br />Oversold markets rebounded, as bargain hunters returned. Aloca (AA) earnings last night were welcomed by the markets. But earnings estimates for Q1 are for a lackluster qtr & the European debt mess appears too be flaring up again. By the end of the week, the first earnings reports from banks will be out, giving a flavor of what to expect in the coming weeks.<br /><h1><span style="font-size: large;">Dow Industrials</span></h1><a href="http://www.blogger.com/post-edit.g?blogID=2617993480821979699&postID=3506076248292065562"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a></div><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/419/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/419/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/37/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/37/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/311/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" height="39" src="http://ino.directtrack.com/42/3289/311/" width="320" /></a></div><div style="color: #0b5394; text-align: center;"><b><i><span style="font-size: large;"><br /></span></i></b></div><div style="text-align: center;"><b><i style="color: #0b5394;"><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></i></b> <span style="font-size: large;"><b> </b></span></div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/320/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/320/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-79704795746449490682012-04-10T13:52:00.000-07:002012-04-17T21:03:51.716-07:00Blogger is giving me problems<div dir="ltr" style="text-align: left;" trbidi="on">I hope my PM posting looks good. When I view it, sometimes it looks the way it was written but other times it was truncated by Blogger. If it was cut off, the bottom line is that Aloca (AA) had a favorable earnings report & was able to recover its loss after hours. Reports from big banks are coming later this week.</div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-31266380837905069722012-04-10T13:38:00.000-07:002012-04-17T21:03:51.819-07:00Gloomy thoughts on global economies bring a major sell-off<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow opened lower & continued to head south all day. It finished down 213 (closing at the lows), decliners over advancers 6-1 & NAZ sank 53 (even mighty Apple declined). The Financial Index fell 4 to the 201s & is off 14 from its 2012 highs reached a month ago. The MLP index plunged 7+ to the 381s (30 below irs recent record highs) & a new low for 2012. The REIT index was down a very big 5 to the 243s & junk bond funds were a little lower. Treasury 10-year yields fell below 2% for the first time in almost a month on speculation the European sovereign-debt crisis is worsening as yields on Spanish & Italian bonds rose. Oil fell in sympathy with stock but gold climbed to a one-week high as it is being viewed as a safe haven investment in troubled times.. <br /><br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><a href="http://www.ino.com/info/772/CD3289/&dp=0&l=0&campaignid=30"></a><br /><a name='more'></a><div style="text-align: center;"><a href="http://www.ino.com/info/772/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/772/" /></a></div><div style="text-align: center;"></div><br /><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="color: red; text-align: center;"><i><b><span style="font-size: large;">Click below for the latest market update:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><h2><a href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr><td class="bond_name name "><h3>U.S. 3-month</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.086%</b></td><td class="change value_up "><br /></td></tr><tr><td class="bond_name name "><h3>U.S. 2-year</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.290%</b></td><td class="change value_down "><br /></td></tr><tr><td class="bond_name name last"><h3>U.S. 10-year</h3></td><td class="value_yield last" style="color: #cc0000;"><b>1.989%</b></td><td class="change value_down last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...101.35</span></b><nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Down" border="0" height="14px" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10px" /> <b style="color: #cc0000;">1.11</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #cc0000;">(1.1%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><a href="http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts" target="_blank"><img alt="Live 24 hours gold chart [Kitco Inc.]" border="0" height="305px" hspace="0" src="http://www.kitco.com/images/live/gold.gif" width="480px" /></a><br /><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img border="0" height="155px" src="http://www.kitco.com/LFgif/au0182nys.gif" width="250px" /></a><br /><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/apple-market-value-hits-600b-photo-171853099.html"><img alt="<p> FILE - In a Friday March 16, 2012 file photo, a crowd lines up outside of the Apple store in the Saddle Creek Shopping Center in Germantown, Tenn. On Tuesday, April 10, 2012, Apple, already the world's most valuable company, hit the $600 billion level for the first time. (AP Photo/The Commercial Appeal, Kyle Kurlick)" height="127px" src="http://l.yimg.com/bt/api/res/1.2/x6MMREYULA58c_grE1LnRw--/YXBwaWQ9eW5ld3M7Y2g9MTE4NTtjcj0xO2N3PTE3Nzg7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTEyNztxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_AP_HEADLINES_BUSINESS/d3c35ff02c5e710a0c0f6a706700b4b0_original.jpg" title="<p> FILE - In a Friday March 16, 2012 file photo, a crowd lines up outside of the Apple store in the Saddle Creek Shopping Center in Germantown, Tenn. On Tuesday, April 10, 2012, Apple, already the world's most valuable company, hit the $600 billion level for the first time. (AP Photo/The Commercial Appeal, Kyle Kurlick)" width="190px" /></a></li></ul></div>Photo: Yahoo<br /><br /><span class="yshortcuts" id="lw_1334078375_0">The market cap for Apple</span>, the world's most valuable company, today hit $600B. Only one other company has been worth $600B, Microsoft (MSFT & a Dow stock). At its highest level, at the end of 1999, its valuation was $619B but currently it's valued at $260B. General Electric (GE & another Dow stock) came just short of reaching a $600B in Aug 2000. Today AAPL hit $644, up 1.2%, giving it a worth of $600B. Then sellers took the stock lower. AAPL stock is up 59% YTD as Investors have been considering it undervalued. The rally has also been aided by the report of another blow-out holiday qtr & the announcement the company will start buying treasury stock & paying a dividend. The stock has pretty much doubled but today finished down almost $8 to the $628s.<br /><br /><span id="yui_3_3_0_1_1334086107163378"><a href="http://finance.yahoo.com/news/apple-market-value-hits-600b-151007997.html" id="yui_3_3_0_1_1334086107163373">Apple market value hits $600B</a><cite> AP</cite></span><br /><br /><h1><span style="font-size: large;">Apple Inc. (AAPL)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AAPL-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/brian-dunn-resigns-best-buy-photo-145858183.html"><img alt="<p> FILE - In this May 20, 2010, file photo, Best Buy CEO Brian Dunn speaks at a Google conference in San Francisco. Best Buy Co. Dunn has resigned from the electronics retailer. Best Buy said Tuesday, April 10, 2012, that it was a mutual decision, and that there were no disagreements with Dunn on any matter relating to operations, financial controls, policies or procedures. (AP Photo/Paul Sakuma, File)" height="251px" src="http://l.yimg.com/bt/api/res/1.2/iyh5hsv6.BogyuGH_Gwmog--/YXBwaWQ9eW5ld3M7Y2g9MzEzMjtjcj0xO2N3PTIzODA7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTI1MTtxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_AP_HighTechNews/5aa013482bd66e0a0c0f6a70670090cb_original.jpg" title="<p> FILE - In this May 20, 2010, file photo, Best Buy CEO Brian Dunn speaks at a Google conference in San Francisco. Best Buy Co. Dunn has resigned from the electronics retailer. Best Buy said Tuesday, April 10, 2012, that it was a mutual decision, and that there were no disagreements with Dunn on any matter relating to operations, financial controls, policies or procedures. (AP Photo/Paul Sakuma, File)" width="190px" /></a></li></ul></div>Brian Dunn<br />Photo: Yahoo<br /><br />Not all tech news is good. Brian Dunn, Best Buy CEO, resigned from the largest consumer electronics retailer. BBY said that it was a mutual decision & that there were no disagreements with Dunn (i.e. he got a handsome severance package) but the company said it was time for new leadership. Mike Mikan will serve as interim CEO while the company searches for a permanent replacement. The news comes as the pioneer of the big-box consumer electronics retailing format struggles to regain its footing. Best Buy lost $1.2B in the last qtr & revenue at stores opened at least a year dropped 1.7% for the year after falling 1.8% in the prior year. The company has been hit hard by a number of factors. Once its bread-and-butter, sales of TVS, digital cameras & video game consoles have weakened. Meanwhile, sales of lower margin items like tablet computers, smartphones & e-readers have increased. At the same time, it's finding that more people are using its stores as showrooms to browse for products & then going online to buy at a lower price. The stock sank $1.33 (6%) & has a dismal chart reflecting its declining fortunes.<br /><br /><a class="q teaser_link story_link" data-id="M29NIQ6VDKHU01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-10/best-buy-s-dunn-resigns-as-ceo-mikan-to-serve-as-interim-chief.html">Best Buy’s Dunn Resigns as CEO; Mikan to Serve in Interim</a><br /><br /><h1><span style="font-size: large;">Best Buy Co., Inc. (BBY)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000BBY-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><br />Even though crude has been pulling back in price, the average price for gas at the pump remains above $3.92.<br /><br /><img alt="National Unleaded Average" height="30px" src="http://fuelgaugereport.opisnet.com/images/NationalAverage.gif" width="340px" /> <br /><table border="0" cellpadding="4" cellspacing="0" class="graph" style="width: 400px;"><tbody><tr><td align="center" valign="bottom"></td><td align="center" valign="bottom">Regular</td><td align="center" valign="bottom">Mid</td><td align="center" valign="bottom">Premium</td><td align="center" valign="bottom">Diesel</td><td align="center" valign="bottom">85</td><td align="center" valign="bottom">**E85 <br />MPG/BTU <br />adjusted <br />price</td></tr><tr><td align="right" bgcolor="#cccccc">Current Avg.</td><td align="right" bgcolor="#cccccc" style="color: red;"><b><span style="font-size: large;">$3.922</span></b></td><td align="right" bgcolor="#cccccc">$4.057</td><td align="right" bgcolor="#cccccc">$4.189</td><td align="right" bgcolor="#cccccc">$4.163</td><td align="right" bgcolor="#cccccc">$3.350</td><td align="right" bgcolor="#cccccc">$4.408</td></tr><tr><td align="right">Yesterday Avg.</td><td align="right">$3.927</td><td align="right">$4.064</td><td align="right">$4.193</td><td align="right">$4.165</td><td align="right">$3.340</td><td align="right">$4.396</td></tr><tr><td align="right" bgcolor="#cccccc">Week Ago Avg. </td><td align="right" bgcolor="#cccccc">$3.923</td><td align="right" bgcolor="#cccccc">$4.063</td><td align="right" bgcolor="#cccccc">$4.194</td><td align="right" bgcolor="#cccccc">$4.162</td><td align="right" bgcolor="#cccccc">$3.326</td><td align="right" bgcolor="#cccccc">$4.377</td></tr><tr><td align="right">Month Ago Avg. </td><td align="right">$3.792</td><td align="right">$3.937</td><td align="right">$4.069</td><td align="right">$4.104</td><td align="right">$3.230</td><td align="right">$4.250</td></tr><tr><td align="right" bgcolor="#cccccc">Year Ago Avg. </td><td align="right" bgcolor="#cccccc">$3.770</td><td align="right" bgcolor="#cccccc">$3.908</td><td align="right" bgcolor="#cccccc">$4.034</td><td align="right" bgcolor="#cccccc">$4.076</td><td align="right" bgcolor="#cccccc">$3.163</td><td align="right" bgcolor="#cccccc">$4.162</td></tr></tbody></table><br />Source: AAA<br /><br /><br />Markets are having one their toughest times in over 6 months, Dow fell 350 this week to levels not seen since late Jan. The S&P 500 is at 1358, just last week it went of 1400 which was viewed as a favorable sign. Alcoa (AA), a Dow stock, Q1 earnings of 10¢ were just reported & beat the 4¢ estimate. The stock fell 28¢ during regular hours, but has regained that loss in after hours trading. That report will be followed by others from big banks in the next few days & the markets will watch them closely. Meanwhile, it looks like the bulls have lost control of the markets. <br /><br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a></div><br /><br /><div style="text-align: center;"><a href="http://www.ino.com/info/772/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/772/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/221/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/221/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;">Get your favorite symbols' Trend Analysis TODAY! <a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/380/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/380/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/517/CD3289/&dp=0&l=0&campaignid=6"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/517/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/193/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/193/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/208/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/208/" /></a></div></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/237/CD3289/&dp=0&l=0&campaignid=3"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/237/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-63356771847231282052012-04-10T08:24:00.000-07:002012-04-17T21:03:51.921-07:00Markets decline on growing economic concerns<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow dropped 70, decliners over advancers 3-1 & NAZ fell 10. The Financial Index lost1 to the 204s. The MLP index fell 2+ to the 386s & the REIT index was off 1+ to the 247s. The MLP index is back to where it was in early Dec. Junk bond funds gained & Treasuries are having another god day. Oil & gold pulled back modestly.<br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ) - tracks AMZ</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><h2><a class="" href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr> <td class="bond_name name "><h3>U.S. 3-month</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.081%</b></td> <td class="change value_up "><br /></td> </tr><tr> <td class="bond_name name "><h3>U.S. 2-year</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.298%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name last"><h3>U.S. 10-year</h3></td> <td class="value_yield last" style="color: #cc0000;"><b>2.003%</b></td> <td class="change value_down last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...102.33</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Down" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10" /> <b style="color: #cc0000;">0.13</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #cc0000;">(0.1%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=GCJ12.CMX">GCJ12.CMX</a></td><td class="second name">....Gold Apr 12</td><td class="last_trade"><b><span id="yfs_l10_gcj12.cmx">.........1,642.60</span></b> <nobr><span id="yfs_t10_gcj12.cmx"></span></nobr></td><td><span id="yfs_c10_gcj12.cmx">...<img alt="Up" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10" /> <b style="color: #008800;">0.10</b></span> </td><td></td><td></td><td><span id="yfs_p20_gcj12.cmx"><b style="color: #008800;">(0.0%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/771/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/771/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="color: red; text-align: center;"><i><b><span style="font-size: large;"><br /></span></b></i></div><div style="text-align: center;"><i style="color: red;"><b><span style="font-size: large;">Get the latest daily market update below:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><br />US wholesale businesses stepped up restocking in Feb, while expensive gasoline drove sales higher. The <span class="yshortcuts" id="lw_1334067969_0">Commerce Dept</span> said that stockpiles at the <span class="yshortcuts" id="lw_1334067969_1">wholesale level</span> rose at a 0.9% rate in Feb to $479B. The gov also revised Jan wholesale inventory growth to show a 0.6% increase, up from the initial reading of 0.4%. Sales at wholesale rose 1.2%, largely on the strength of gas, hardware, plumbing & heating equipment (after being unchanged in Jan). Faster inventory growth could lead to slightly slightly higher forecasts for broader <span class="yshortcuts" id="lw_1334067969_4">economic growth</span> in Q1. However, <span class="yshortcuts" id="lw_1334067969_2">wholesale inventories</span> are growing more slowly than they did at the end of last year which could lead to a modest negative contribution to Q1 growth. GDP growth in Q1 is forecasted to grow at an annual rate of 2%, down from the 3% rate in Q4. The first estimate of Q1 growth will come on Apr 27. Call this data inconclusive. <br /><br /><a class="q story_link bar" data-id="M29O800UQVII01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-10/u-s-february-wholesale-inventories-rise-0-9-sales-climb-1-2-.html">U.S. February Wholesale Inventories Rise 0.9%, Sales Climb 1.2%</a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/french-business-confidence-stalls-/170516.html" rel="#170516" target="_blank"><img alt="French Business Confidence Stalls " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iOrSAT5nB8U4.jpg" /> </a> <br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br />French business confidence stagnated & factory output dropped, underlining ahead of the country’s presidential election. A sentiment gauge for factory executives was unchanged at 95 in Mar after dropping in Feb, according to the Bank of France. Manufacturing production fell 1.2% in Feb, a 3rd month of declines. The data shows Europe's 2nd-largest economy is struggling to grow in the face of the region’s sovereign debt crisis, reducing the room for maneuver by the Presidential candidates as they seek voter support in the final weeks of the election campaign. The Bank of France said its surveys suggest that GDP didn’t expand in Q1. A lack of growth at least partly reflects the impact on demand of budget cuts in neighboring Italy & Spain, as well as deficit-reduction efforts in France. Spanish PM Rajoy is stepping up efforts to reassure investors he can bring the country’s deficit under control & prevent Spain from becoming the 4th country to require a bailout. He met with his health & education ministers yesterday to discuss cuts of more than €10B ($13B) as the gov reiterated its pledge to trim borrowing to 3% of GDP next year. <br /><br /><div class="q_link_wrapper"> <a class="q story_link" data-id="M293ED6JIJUO01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-10/french-business-confidence-stalls-factory-output-declines-1-.html">French Business Confidence Stalls, Factory Output Drops: Economy</a> </div><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/italian-prime-minister-mario-monti-/170496.html" rel="#170496" target="_blank"><img alt="Italian Prime Minister Mario Monti " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iLOHTlr_2h4E.jpg" style="width: 190px;" /> </a> <br /><div class="caption"><br /></div>PM Monti<br />Photo: Bloomberg<br /><br />Prime Minister Monti's efforts to overhaul the economy & protect Italy from a debt crisis may be overwhelmed by Spain's deepening fiscal woes & the fading effect of ECB 3-year lending. He sent parliament last week a plan to revamp the labor markets, which represents the most ambitious of his 4 major legislative efforts to make the Italian economy more competitive. This was greeted on by a 9 basis point increase in the country’s 10-year bond yield to 5.43% as Spain’s debt slumped on renewed concern the country would need a bailout. Italian borrowing costs fell more than 2 percentage points between Nov & the start of Mar following more ECB lending & Italian gov efforts to spur the economy. But Spain has revived contagion concerns after the gov abandoned its deficit target, contributing to 3 weeks of declines for Italian bonds. More countries in Europe are facing difficult sovereign debt problems. <br /><br /><a class="q story_link bar" data-id="M27CKW1A1I4H01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-10/monti-s-overhaul-can-t-stop-pain-from-spain-euro-credit.html">Monti’s Overhaul Can’t Stop Pain From Spain: Euro Credit</a><br /><br /><br />Dow is down 200 this week as dreary news is taking hold going into earnings season which kicks off tonight. Disappointing news about the economy & growing concerns about European economies are getting the bulk of traders' attention. After Alcoa (AA), big banks will report earnings & the betting currently is for unsatisfactory reports.<br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a></div><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/237/CD3289/&dp=0&l=0&campaignid=3"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/237/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/773/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/773/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/419/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/419/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/37/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/37/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/220/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/220/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #351c75;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY! </span></b></i><span style="font-size: large;"> </span></div><div style="text-align: center;"><b><span style="font-size: large;"><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></span></b></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/320/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/320/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-60506466681431951262012-04-09T13:34:00.000-07:002012-04-17T21:03:52.032-07:00Markets sink on increased worries over economic recoveries<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow fell 130, decliners over advancers 4-1 & NAZ fell 33. There was modest selling into the close. Bank stocks had a limited recovery in the PM, cutting the loss for the Financial Index to 3+ to the 205s. The MLP index fell 3+ to the 388s & the REIT index was off 3 to the 248s. Junk bond funds were weak but Treasuries rose on growing doubts about economic recovery around the world. The yield on the benchmark 10 year Treasury bond is just above 2% . Oil buyers reduced the losses in the AM, but gold was up $12 to $1640. <br /><br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/772/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/772/" /></a></div><div style="text-align: center;"></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="color: red; text-align: center;"><i><b><span style="font-size: large;">Click below for the latest market update:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><h2><a href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr><td class="bond_name name "><h3>U.S. 3-month</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.076%</b></td><td class="change value_up "><br /></td></tr><tr><td class="bond_name name "><h3>U.S. 2-year</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.314%</b></td><td class="change value_down "><br /></td></tr><tr><td class="bond_name name last"><h3>U.S. 10-year</h3></td><td class="value_yield last" style="color: #cc0000;"><b>2.032%</b></td><td class="change value_down last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...102.46</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Down" border="0" height="14px" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10px" /> <b style="color: #cc0000;">0.85</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #cc0000;">(0.8%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><a href="http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts" target="_blank"><img alt="Live 24 hours gold chart [Kitco Inc.]" border="0" height="305px" hspace="0" src="http://www.kitco.com/images/live/gold.gif" width="480px" /></a><br /><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img border="0" height="155px" src="http://www.kitco.com/LFgif/au0365nys.gif" width="250px" /></a><br /><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/gold-bullion-american-precious-metals-photo-132551386.html"><img alt="Gold Bullion from the American Precious Metals Exchange (APMEX) is seen in New York, September 15, 2011. REUTERS/Mike Segar" height="125px" src="http://l.yimg.com/bt/api/res/1.2/s42Fsd9DRv1DJ1H4zocETg--/YXBwaWQ9eW5ld3M7Y2g9NTI1O2NyPTE7Y3c9ODAwO2R4PTA7ZHk9MDtmaT11bGNyb3A7aD0xMjU7cT04NTt3PTE5MA--/http://globalfinance.zenfs.com/images/US_AHTTP_REUTERS_OUSIVM_WRAPPER_H_LIVE/2012-04-09T132551Z_1_CBRE83811BH00_RTROPTP_3_GOLD_original.jpg" title="Gold Bullion from the American Precious Metals Exchange (APMEX) is seen in New York, September 15, 2011. REUTERS/Mike Segar" width="190px" /></a></li></ul></div>Photo: Yahoo<br /><br />Gold rose in thin trade after disappointing US jobs data on Fri revived speculation that the <span class="yshortcuts" id="lw_1333997047_2">Federal Reserve</span> (FED) might try to stimulate the economy. The <span class="yshortcuts" id="lw_1333997047_3">precious metal</span> also received a boost from physical buying out of <span class="yshortcuts" id="lw_1333997047_0">India</span> following the end of a jewelers strike, & as <span class="yshortcuts" id="lw_1333997047_1">China</span>'s <span class="yshortcuts" id="lw_1333997047_4">inflation data</span> gave it more room to support growth. Bullion has dropped 8% since the end of Feb after a run of strong US economic data suggested that the FED wouldn't launch another round of stimulus. However, data showing US employers had hired far fewer workers in Mar than in previous months left the door open for more stimulus.<br /><br /><a href="http://finance.yahoo.com/news/gold-1-percent-u-job-132551569.html;_ylt=AkHtFWqEVm5dT02hAMeO_UfquYdG;_ylu=X3oDMTN0NGNmbTc5BG1pdANOZXdzIFRvcCBTdG9yeSBMaXN0BHBrZwM2M2JjMTUwYS1hYmEyLTMwZWUtYjI3YS03OWRiZWQxN2Y5ZjYEcG9zAzMEc2VjA3RvcF9zdG9yeQR2ZXIDMmM5YTFmNTAtODI3OC0xMWUxLTlmZjctNTk2MGZmNzRlZDY2;_ylg=X3oDMTFvb2xvMHZoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANuZXdzBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3">Gold Gains 1% on Renewed Stimulus Hopes </a><br /><br />The VIX, benchmark gauge for US options prices, rose for a 7th day, the longest streak since Aug 2003, as concern about employment growth & earnings spurred investors to guard against losses in stocks. The VIX, rose 9.3% to 18.25, its highest level in a month. It measures the cost of options on the S&P 500 Index which fell last week. Prices to insure equities increased after the Labor Dept said on Fri that employers added only 120K jobs in Mar, the fewest in 5 months (less than expected). The VIX rose & equities slumped last week after the FED signaled it will refrain from further monetary stimulus & concern grew about Europe's debt crisis. Spain is in “extreme difficulty,” PM Rajoy said last week, raising the possibility of a bailout. The 4th-biggest economy in the region sold €2.6B ($3.4B) of bonds last week, near the minimum, & the spread between yields on its 10-year debt & German bonds widened to a level last seen in Dec. The VIX fell a record 64% in the last 2 qtrs as improvements in US payrolls & consumer confidence pushed the S&P 500 to its biggest Q1 rally since 1998, advancing 12%. Alcoa (AA), a Dow stock, is scheduled to report Q1 results tomorrow. Analysts are looking for a loss of 4¢ per share.<br /><br /><a class="q story_link bar" data-id="M284HO6S972M01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-09/vix-posts-longest-streak-of-gains-since-2003-on-economic-concern.html">VIX Posts Longest Streak of Gains Since 2003 on Economic Concern</a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/ipos-suffer-slow-start-as-facebook-readies-sale-/167176.html" rel="#167176" target="_blank"><img alt="IPOs Suffer Slow Start as Facebook Readies Sale " class="small_img img_keep_size" src="http://www.bloomberg.com/image/il3JyzICT_x0.jpg" style="width: 190px;" /> </a><br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br /><span class="yshortcuts" id="lw_1333994174_0">Facebook</span> is spending $1B to buy the photo-sharing company <span class="yshortcuts" id="lw_1333994174_1">Instagram</span> in the social network's largest acquisition. Instagram lets people apply filters to photos they snap with their <span class="yshortcuts" id="lw_1333994174_2">mobile devices</span> & share them with friends & strangers. Some filters make the photos look as if they've been taken in the 1970s or on Polaroid cameras. "This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users," CEO <span class="yshortcuts" id="lw_1333994174_3">Mark Zuckerberg</span> wrote on his Facebook page. "We don't plan on doing many more of these, if any at all." Facebook plans to keep Instagram running independently, a departure from its tendency to buy small startups & integrate the technology (or shut them down altogether just so it can hire talented engineers & developers). "We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience," Zuckerberg wrote. "We plan on keeping features like the ability to post to other <span class="yshortcuts" id="lw_1333994174_4">social networks</span>, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook." Facebook is paying with cash & stock & hiring its 10 employees. The deal is expected to close in Jun. Facebook is expected to complete its IPO next month. Getting Instagram is considered a big win for Facebook as it works to harness a growing obsession with mobile devices & sharing every moment. Instagram was only available on Apple (AAPL) devices until recently, but an app for Android devices was released last week. <br /><br /><a class="q teaser_link story_link" data-id="M2828S6S972A01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-09/facebook-agrees-to-buy-instagram-photo-service-for-1-billion.html">Facebook Agrees to Acquire Instagram Photo-Sharing Service for $1 Billion</a><br /><br /><br />Buyers returned after lunch but there was more selling in the last hour. Dow topped 13K on Mar 13 with a 200+ gain but has been going sideways since then. The longer term chart below shows the stellar run until that point. European debt woes, a possible slowdown in China & a recovery in the US which appears to be slowing are ingredients for a market pullback. AA earnings tomorrow will give a more important sign than usual about the direction of the markets. AA was flat today after going sideways for more than 6 months.</div><div dir="ltr" style="text-align: left;" trbidi="on"><br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a></div><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/237/CD3289/&dp=0&l=0&campaignid=3"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/237/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/771/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/771/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/519/CD3289/&dp=0&l=0&campaignid=6"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/519/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/222/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/222/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #990000;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <span style="font-size: large;"><b> </b></span></div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/98/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/98/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/208/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/208/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/193/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/193/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-35585795989736638282012-04-09T08:33:00.000-07:002012-04-17T21:03:52.140-07:00Markets tumble on a weak jobs report<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow dropped 140, decliners over advancers 5-1 & NAZ fell 30. The Financial Index fell 4+ to the 204s (down 10 from the highs last month). The MLP index dropped almost 4 to the 388s & the REIT index fell about 4 to the 247s. Junk bond funds were a little weak, but Treasuries were strong (see below). Oil dropped as an employment report raised concern that US fuel demand will slow & Iran agreed to resume talks on its nuclear program. Gold befitted from the jobs report on Fri,<br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><h2><a class="" href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr> <td class="bond_name name "><h3>U.S. 3-month</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.066%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name "><h3>U.S. 2-year</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.318%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name last"><h3>U.S. 10-year</h3></td> <td class="value_yield last" style="color: #cc0000;"><b>2.032%</b></td> <td class="change value_down last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...101.42</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">......<img alt="Down" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10" /> <b style="color: #cc0000;">1.89</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #cc0000;">(1.8%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=GCJ12.CMX">GCJ12.CMX</a></td><td class="second name">....Gold Apr 12</td><td class="last_trade"><b><span id="yfs_l10_gcj12.cmx">.........1,644.60</span></b> <nobr><span id="yfs_t10_gcj12.cmx"></span></nobr></td><td><span id="yfs_c10_gcj12.cmx">...<img alt="Up" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10" /> <b style="color: #008800;">16.10</b></span> <span id="yfs_p20_gcj12.cmx"><b style="color: #008800;"> </b></span></td><td><span id="yfs_p20_gcj12.cmx"><b style="color: #008800;">(1.0%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><div style="text-align: center;"><a href="http://www.ino.com/info/773/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/773/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: red;"><b><span style="font-size: large;">Get the latest daily market update below:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/record-treasury-demand-keeping-yields-low-as-supply-shrinks-/169864.html" rel="#169864" target="_blank"><img alt="Record Treasury Demand Keeping Yields Low as Supply Shrinks " class="small_img img_keep_size" src="http://www.bloomberg.com/image/ieZm7WJvqfvA.jpg" /> </a> <br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br />Risk averse investing has returned to the markets. Investors are plowing into Treasuries at a record pace while the supply dwindles. Yields should remain low even if the Federal Reserve does not undertake more stimulus to fight unemployment. Buyers bid $3.19 for each dollar of the $538B in Treasuries sold this year, the most since the gov began releasing the data in 1992 & on pace to beat the high of $3.04 in 2011. The net amount of Treasury debt available will decline 30% once proceeds from maturing securities are reinvested. Skepticism about the US recovery, as well as signs Europe’s debt turmoil isn’t over, is boosting demand, enabling the Treasury to fund a 4th consecutive deficit exceeding $1T at near-record low costs. The 10 year Treasury yield has plunged from over 2¼% a couple of weeks ago to near 2% currently. Demand for gold, the other principal safe haven investment, is also strong.<br /><br /><a class="q story_link bar" data-id="M22H8T1A1I4H01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-09/record-treasury-demand-keeps-yields-low-as-supply-shrinks.html">Record Treasury Demand Keeps Yields Low as Supply Shrinks</a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/china-s-march-consumer-prices-rise-3-6-from-year-earlier-/169834.html" rel="#169834" target="_blank"><img alt="China’s March Consumer Prices Rise 3.6% From Year Earlier " class="small_img img_keep_size" src="http://www.bloomberg.com/image/ipTjpH0mmyFQ.jpg" /> </a> <br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br />Inflation in China accelerated more than forecast in Mar on a pickup in food prices. Policy makers may exercise caution in adding stimulus to boost growth. Consumer prices rose 3.6% from a year earlier, the National Bureau of Statistics said (above the 3.4% estimate). Food-related costs gained 7.5%. Gov officials may need to remain alert to the risk of inflation bouncing back even after price increases stayed below the 4% target for a 2nd month. Its economy may have expanded in Q1 at the slowest pace in almost 3 years, showing the limits of the nation’s contribution to global growth as US job growth weakens & concern mounts about Europe's sovereign-debt crisis. When China sneezes, the rest of the world pays attention.<br /><br /><a class="q story_link bar" data-id="M26UWP6JTSE801" data-type="Story" href="http://www.bloomberg.com/news/2012-04-09/china-consumer-prices-rise-faster-than-estimated-3-6-.html">China Consumer Prices Rise Faster-Than-Estimated 3.6%</a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/aol-to-sell-license-patents-to-microsoft-for-1-06-billion-/169940.html" rel="#169940" target="_blank"><img alt="AOL to Sell, License Patents to Microsoft for $1.06 Billion " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iQYYP0f8brTE.jpg" style="width: 190px;" /> </a> <br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br />AOL stock surged after it said it agreed to sell 800 of its patents & license others to Microsoft (MSFT), a Dow stock, for more than $1B & plans to return some of the sale proceeds to its shareholders. After the sale, AOL should have about $15 per share in cash. Patents have become a hot commodity in the high-tech industry in recent years. They're useful both for attack, for suing competitors, & for defense — for warding off lawsuits with threats of countersuits. Software patents can have broad applications, & thousands of patents can apply to a complicated product like a cellphone. Google (GOOG) is buying phone maker Motorola Mobility (MMI) for $12B to get hold of its patents. After the sale, AOL will still hold over 300 patents & applications covering a variety of core & strategic technologies including advertising, search, content generation, social networking, mapping, multimedia, & security among others. AOL also received a license to the patents being sold to MSFT. "The combined sale and licensing arrangement unlocks current dollar value for our shareholders and enables AOL to continue to aggressively execute on our strategy to create long-term shareholder value," said CEO Tim Armstrong. AOL intends to distribute a "significant portion" of the sale proceeds to shareholders before the sale closes by year end. The stock shot up $7.85 (42%). A short term chart is needed to show the dramatic rise today.<br /><br /><a class="q story_link bar" data-id="M27LDK6S972801" data-type="Story" href="http://www.bloomberg.com/news/2012-04-09/aol-to-sell-patents-to-microsoft-for-1-056-billion-in-cash.html">AOL to Sell, License Patents to Microsoft for $1.06 Billion</a><br /><h1><span style="font-size: large;">AOL Inc. (AOL)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-51-03NA000000AOL-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><br />As predicted, this is a dismal day for the markets following slower than expected jobs growth in Mar. The European debt mess is not going away. ECB financing for Portuguese banks rose to a record in Mar. Spain needs help. Then there's earnings season which kicks off tomorrow after the market close when Alcoa (AA), a Dow stock, reports. The markets are anxious. The chart below shows Dow has been stuck around 13K for a couple of months. Today it fell below as S&P 500 dropped to 1379, solidly below the important 1400 ceiling. Prepare for a rough road ahead.<br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/237/CD3289/&dp=0&l=0&campaignid=3"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/237/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/435/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/435/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/419/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/419/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/677/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/677/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #741b47;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <b><span style="font-size: large;"> </span></b></div><div style="text-align: center;"><b><span style="font-size: large;"><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></span></b></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/311/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" height="39" src="http://ino.directtrack.com/42/3289/311/" width="320" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-36304900726409288052012-04-06T08:04:00.000-07:002012-04-17T21:03:52.288-07:00Market futures drop on disappointing jobs report<div dir="ltr" style="text-align: left;" trbidi="on"><a class="enlarge_image" href="http://www.bloomberg.com/photo/jobs-report-/169694.html" rel="#169694" target="_blank"><img alt="Jobs Report " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iQUJ7WxKCrlU.jpg" /> </a> <br /><div class="caption"><br /></div><div class="caption">Photo: Bloomberg</div><br />Fewer jobs were added than forecast in Mar, a reminder that recent gains may not be sustained without a pickup in growth. The 120K increase in payrolls, the fewest in 5 months, followed a revised 240K gain in Feb that was bigger than first estimated according to the Labor Dept. The Mar increase was even less than the most pessimistic forecast with a median estimate for a 205K rise. Unemployment fell to 8.2%, the lowest since Jan 2009, from 8.3%. The Mar data showed a 34K decrease in retail employment, the biggest decline since Oct 2009. The jobless rate dropped as unemployed workers stopped looking for work & left the labor force. The participation rate, which indicates the share of working-age people in the labor force, fell to 63.8% from 63.9%. Dismal numbers caused stock futures to decline.<br /><br /><a class="q story_link" data-id="M225E00D9L3801" data-type="Story" href="http://www.bloomberg.com/news/2012-04-06/employers-added-120-000-jobs-in-march-fewest-in-five-months.html">Employers Added 120,000 Jobs in March, Fewest in Five Months</a> <br /><br /><br />Dreary news on jobs will probably bring lower openings on Mon. The problem is that the recovery has been overrated by the optimists. Additionally, ugly European debt issues are returning. Yields on Spanish bonds are rising. Another bailout may be needed even though the ECB eventually will run out of money. On this news, contrary investments are rising. The yield on the 10 year Treasury (considered a safe haven investment) dropped 7 basis points (a big drop) & gold which has been under a lot of selling pressure is up $18.<br /><br /><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/237/CD3289/&dp=0&l=0&campaignid=3"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/237/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/419/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/419/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/37/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/37/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/380/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/380/" /></a></div><div style="color: #0b5394; text-align: center;"><i><span style="font-size: large;"><b><br /></b></span></i></div><div style="text-align: center;"><i style="color: #0b5394;"><span style="font-size: large;"><b>Get your favorite symbols' Trend Analysis TODAY!</b></span></i> </div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/307/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/307/" /></a></div><br /></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-36922855473841442322012-04-05T13:34:00.000-07:002012-04-17T21:03:52.394-07:00Lower stocks on higher European worries<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow slid 14, decliners ahead of advancers 3-2 & NAZ rose 12 (helped by a 9 point rise for Apple to a new record). Bank stocks drifted lower, taking the Financial Index down a fraction in the 209s. The index has been going sideways since mid Mar. The MLP index was up fraction to 391, but has had a tough go of it this year, while the REIT index fell 1 to 251. Junk bond funds slipped & Treasuries rose, bringing lower yields. Gold rose, as investors covered short positions, after a sharp 2-day pullback, & a rally in oil also buoyed the precious metal that sank earlier this week when investors grew pessimistic about further US monetary easing.<br /><br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="color: red; text-align: center;"><i><b><span style="font-size: large;">Click below for the latest market update:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><h2><a href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr><td class="bond_name name "><h3>U.S. 3-month</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.066%</b></td><td class="change value_down "><br /></td></tr><tr><td class="bond_name name "><h3>U.S. 2-year</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.341%</b></td><td class="change value_up "><br /></td></tr><tr><td class="bond_name name last"><h3>U.S. 10-year</h3></td><td class="value_yield last" style="color: #cc0000;"><b>2.172%</b></td><td class="change value_down last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">103.32</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym"><img alt="Up" border="0" height="14px" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10px" /> <b style="color: #008800;">1.85</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #008800;">(1.8%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><a href="http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts" target="_blank"><img alt="Live 24 hours gold chart [Kitco Inc.]" border="0" height="305px" hspace="0" src="http://www.kitco.com/images/live/gold.gif" width="480px" /></a><br /><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img border="0" height="155px" src="http://www.kitco.com/LFgif/au0182nys.gif" width="250px" /></a><br /><br /><br />JC Penney will lay off 600 workers (13% of the staff) at its headquarters in Texas, as the company looks to streamline its operations amid a major reinvention of the business. It will also eliminate 300 more jobs at its customer call center in Pittsburgh when it closes in Jul. The moves come as the new CEO Ron Johnson is transforming every aspect of the business, from pulling back on constant promotions to rethinking the brands it carries. "We are going to operate like a start-up," said Johnson in a press release issued Thursday that didn't cite specific job cuts. "We are going to be nimble, quick to learn, quicker to react and totally committed to realizing our vision to become America's favorite store." Johnson said the cuts involved "some very difficult decisions" but were essential for the business. The company had said then it was targeting $900M in expense cuts to be completed over the first 2 years of its transformation, including $200M in savings from headquarters as well as $400M in cost savings at store operations & $300M in advertising savings. The changes are expected to reduce expenses below 30% of sales by the end of next year. Before the layoffs, JCP had 4400 employees at its headquarters. While not significant at the big picture level, this will add to the unemployed looking for work. The stock was off 49¢. <br /><br /><span id="yui_3_3_0_1_1333653964075377"><a href="http://finance.yahoo.com/news/penney-cuts-600-workers-13-162008647.html" id="yui_3_3_0_1_1333653964075379">Penney cuts 600 workers, 13 percent of HQ staff</a><cite id="yui_3_3_0_1_1333653964075387"> AP</cite></span><br /><br /><h1><span style="font-size: large;">J.C. Penney Company, Inc. Holding Company (JCP)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000JCP-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><br />The average rate on the 30-year fixed mortgage was mostly unchanged this week, as the cost of home-buying & refinancing remained near record lows. Mortgage buyer Freddie Mac said that the rate on the 30-year loan fell slightly to 3.98% from 3.99% last week. In Feb, the rate touched 3.87%, the lowest since long-term mortgages began in the 1950s. The average rate on the 15-year fixed mortgage also fell, to 3.21% from 3.23%. That's above the record low of 3.13% hit last month. Mortgage rates have been below 4% for all but one week since early Dec which has helped lift the outlook for housing after 4 sluggish years of home sales. Jan & Feb made up the best winter for re-sales in 5 years, when the housing crisis began & builders are more confident about the market. In February, they requested the most permits to build single-family homes & apartments in more than 3 years. Applications for new mortgages rose in Mar & there was a sharp rise in the average loan size, suggesting a bigger appetite for home loans. The average size of mortgage applications has increased by $20K since DecK, to $235K last month. A hopeful sign for housing. <br /><br /><span id="yui_3_3_0_1_1333654476511494"><a href="http://finance.yahoo.com/news/us-rate-30-mortgage-falls-140054655.html" id="yui_3_3_0_1_1333654476511489">30-Year Mortgage Rate Falls to 3.98%</a></span><br /><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/obama-signs-small-business-legislation-photo-191435988.html;_ylt=Aj3cD4gwBwOD5T4VZY3k6ngFuodG;_ylu=X3oDMTRsZ2hpOGNhBG1pdANGaW5hbmNlIE5ldyBSZWxhdGVkIENvbnRlbnQgTmV3BHBrZwNmMmIxNjYxMS03NGEwLTNmYzItYTA4MC03NTA4YzVlMDgxNzIEcG9zAzEEc2VjA01lZGlhUFJBcnRpY2xlUmVsYXRlZAR2ZXIDY2NkZTRmNDAtN2Y1My0xMWUxLWI2NmUtNDNiMTdhZDBmMDdm;_ylg=X3oDMTJ0ZGNiMmhjBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDMGU0MjMxZDUtNjBiNC0zNGU1LWIxYTctOGVlZGJmZDJlNDZiBHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQR0ZXN0Aw--;_ylv=3"><img alt="<p> President Barack Obama signs the Jumpstart Our Business Startups (JOBS) Act, Thursday, April 5, 2012, in the Rose Garden of the White House in Washington. (AP Photo/Pablo Martinez Monsivais)" height="138px" src="http://l.yimg.com/bt/api/res/1.2/efKoAE3c7W7TzN2g9tpeUw--/YXBwaWQ9eW5ld3M7Y2g9MjU0Njtjcj0xO2N3PTM1MjM7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTEzODtxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_AP_FINANCIALTIMES/2626d143ac00fa090b0f6a7067008e6d_original.jpg" title="<p> President Barack Obama signs the Jumpstart Our Business Startups (JOBS) Act, Thursday, April 5, 2012, in the Rose Garden of the White House in Washington. (AP Photo/Pablo Martinez Monsivais)" width="190px" /></a></li></ul></div>Photo: Yahoo<br /><br />The President signed bipartisan jobs legislation that will help small businesses & make it easier for startups to raise capital, saying it could be a "game-changer" for entrepreneurs dreaming of founding the next Microsoft (MSFT), a Dow stock, or Facebook. "When their ideas take root, we get inventions that can change the way we live," Obama said. "And when their businesses take off, more people become employed." While receiving bipartisan support, some Dems raised concerns that the bill softened investment protections enacted after the dot.com excesses & Wall Street meltdowns with changes that could lead to fraud & abuse. The main part of the bill would phase in SEC regulations over a 5-year period to let smaller companies go public sooner. Firms that have annual gross revenues of less than $1B would enjoy this "emerging growth company" status. <br /><br /><span id="yui_3_3_0_1_1333654973866403"><a href="http://finance.yahoo.com/news/obama-signs-small-business-legislation-185448772.html" id="yui_3_3_0_1_1333654973866405">Obama signs small business legislation</a><cite id="yui_3_3_0_1_1333654973866398"> AP</cite></span><br /><br /><br />The average price at the pump for gas is matching the high for last year & near the $4.11 record in mid 2008.<br /><br /><img alt="National Unleaded Average" height="30px" src="http://fuelgaugereport.opisnet.com/images/NationalAverage.gif" width="340px" /> <br /><table border="0" cellpadding="4" cellspacing="0" class="graph" style="width: 400px;"><tbody><tr><td align="center" valign="bottom"></td><td align="center" valign="bottom">Regular</td><td align="center" valign="bottom">Mid</td><td align="center" valign="bottom">Premium</td><td align="center" valign="bottom">Diesel</td><td align="center" valign="bottom">85</td><td align="center" valign="bottom">**E85 <br />MPG/BTU <br />adjusted <br />price</td></tr><tr><td align="right" bgcolor="#cccccc">Current Avg.</td><td align="right" bgcolor="#cccccc" style="color: red;"><b><span style="font-size: large;">$3.936</span></b></td><td align="right" bgcolor="#cccccc">$4.069</td><td align="right" bgcolor="#cccccc">$4.200</td><td align="right" bgcolor="#cccccc">$4.166</td><td align="right" bgcolor="#cccccc">$3.345</td><td align="right" bgcolor="#cccccc">$4.403</td></tr><tr><td align="right">Yesterday Avg.</td><td align="right">$3.928</td><td align="right">$4.063</td><td align="right">$4.195</td><td align="right">$4.164</td><td align="right">$3.335</td><td align="right">$4.389</td></tr><tr><td align="right" bgcolor="#cccccc">Week Ago Avg. </td><td align="right" bgcolor="#cccccc">$3.921</td><td align="right" bgcolor="#cccccc">$4.059</td><td align="right" bgcolor="#cccccc">$4.190</td><td align="right" bgcolor="#cccccc">$4.162</td><td align="right" bgcolor="#cccccc">$3.313</td><td align="right" bgcolor="#cccccc">$4.360</td></tr><tr><td align="right">Month Ago Avg. </td><td align="right">$3.764</td><td align="right">$3.911</td><td align="right">$4.044</td><td align="right">$4.084</td><td align="right">$3.216</td><td align="right">$4.233</td></tr><tr><td align="right" bgcolor="#cccccc">Year Ago Avg. </td><td align="right" bgcolor="#cccccc">$3.707</td><td align="right" bgcolor="#cccccc">$3.839</td><td align="right" bgcolor="#cccccc">$3.968</td><td align="right" bgcolor="#cccccc">$4.003</td><td align="right" bgcolor="#cccccc">$3.119</td><td align="right" bgcolor="#cccccc">$4.104</td></tr></tbody></table><br />Source: AAA<br /><br /><br />Investors weighed optimism about the American job market with renewed concern over Europe’s debt crisis & the latter was of greater concern today. Earnings season kicks off next week with Alcoa (AA), a Dow stock, reporting on Tues. Analysts are looking for a 5¢ loss versus a profit last year. Dow gave up 152 this week but was able to hold above 13K. S&P 500 has been waffling around 1400 (closing at 1398 today) without breaking thru since mid Mar. The stock market looks very tired after a long run.<br /><br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a></div><br /><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/772/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/772/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/772/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/772/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/517/CD3289/&dp=0&l=0&campaignid=6"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/517/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/208/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/208/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/37/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/37/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/221/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/221/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #b45f06;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <span style="font-size: large;"><b> </b></span></div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/311/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" height="39px" src="http://ino.directtrack.com/42/3289/311/" width="320px" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-76343757537565563382012-04-05T08:30:00.000-07:002012-04-17T21:03:52.557-07:00Mixed markets on more Euro woes<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow was up 8, advancers barely ahead of decliners & NAZ rose 8. Bank stocks were higher, the Financial Index went up fractionally to 210. The MLP index was up a fraction to 391 while the REIT index slipped a fraction to the 252s. Junk bond funds edged higher & Treasuries gained. Oil was up for the first time in 3 days as claims for unemployment benefits dropped to a 4-year low, raising hopes that demand for oil may increase. Gold rebounded after yesterday's big sell-off.<br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><h2><a class="" href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr> <td class="bond_name name "><h3>U.S. 3-month</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.071%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name "><h3>U.S. 2-year</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.345%</b></td> <td class="change value_up "><br /></td> </tr><tr> <td class="bond_name name last"><h3>U.S. 10-year</h3></td> <td class="value_yield last" style="color: #cc0000;"><b>2.193%</b></td> <td class="change value_down last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...101.94</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">.....<img alt="Up" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10" /> <b style="color: #008800;">0.47</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #008800;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #008800;">(0.5%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=GCJ12.CMX">GCJ12.CMX</a></td><td class="second name">....Gold Apr 12</td><td class="last_trade"><b><span id="yfs_l10_gcj12.cmx">.........1,629.30</span></b> <nobr><span id="yfs_t10_gcj12.cmx"></span></nobr></td><td><span id="yfs_c10_gcj12.cmx">...<img alt="Up" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/up_g.gif" style="margin-right: -2px;" width="10" /> <b style="color: #008800;">17.00</b></span> <span id="yfs_p20_gcj12.cmx"><b style="color: #008800;"> </b></span></td><td><span id="yfs_p20_gcj12.cmx"><b style="color: #008800;">(1.1%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><div style="text-align: center;"><a href="http://www.ino.com/info/773/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/773/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: red;"><b><span style="font-size: large;">Get the latest daily market update below:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/american-university-students-walk-among-photo-124442311.html;_ylt=AuJluKev3GJsph.aOo.0soYHuodG;_ylu=X3oDMTRsZ3NzdDVoBG1pdANGaW5hbmNlIE5ldyBSZWxhdGVkIENvbnRlbnQgTmV3BHBrZwNiY2RkNjEwYi0wODI3LTM3NDAtOTJmOS02YzBhOTkxZDNhZjQEcG9zAzEEc2VjA01lZGlhUFJBcnRpY2xlUmVsYXRlZAR2ZXIDOTY4YWJmNDAtN2YxZC0xMWUxLWE5YWMtMDc1MDRkYmE1NGJl;_ylg=X3oDMTJ0aXZyMjc5BGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDNWYxNjE5NTAtM2Y5Yi0zYWI1LWI1YWYtODAzMWIwN2E1OTAzBHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQR0ZXN0Aw--;_ylv=3"><img alt="American University students walk among recruiting booths during a career job fair at American University in Washington March 28, 2012. REUTERS/Jose Luis Magana" class="" height="125" src="http://l.yimg.com/bt/api/res/1.2/cpBHCWpOh0e8mrbx6WfSsg--/YXBwaWQ9eW5ld3M7Y2g9NTI1O2NyPTE7Y3c9ODAwO2R4PTA7ZHk9MDtmaT11bGNyb3A7aD0xMjU7cT04NTt3PTE5MA--/http://globalfinance.zenfs.com/images/US_AHTTP_REUTERS_ORTAO_WRAPPER_H_LIVE/2012-04-05T124442Z_1_CBRE8340ZEK00_RTROPTP_3_ECONOMY-HIRING-COLLEGE_original.jpg" title="American University students walk among recruiting booths during a career job fair at American University in Washington March 28, 2012. REUTERS/Jose Luis Magana" width="190" /></a></li></ul></div>Photo: Yahoo<br /><br />The number lining up for new jobless benefits fell to the lowest level in nearly 4 years last week. Initial claims for <span class="yshortcuts" id="lw_1333630626_0">benefits</span> fell 6K to 357K, the lowest sin Apr 2008, according to the <span class="yshortcuts" id="lw_1333630626_2">Labor Dep</span>t. The claims data could bolster the case that the healing labor market is lowering the need for the Federal Reserve to do more to boost growth. It is expected that the <span class="yshortcuts" id="lw_1333630626_3">employment report</span> tomorrow will show the economy added 203K jobs last month, a 4th straight month of solid job (the longest stretch of monthly employment gains topping 200K since 1999). The 4-week moving average for new claims, a measure of labor market trends, declined 4K to 362K. Employers also appear optimistic enough to cut layoffs further. The number of planned layoffs at US firms fell in Mar to the lowest level in 10 months, according to Challenger, Gray & Christmas. The prior week's figure was revised up to 363K from the previously reported 359. The number still receiving benefits under regular state programs fell 16K to 3.3M in the latest week, the lowest since Aug 2008. A total of 7.05M were claiming unemployment benefits under all programs, down 107K from the prior week. The data continues to look good.<br /><br /><a class="q story_link bar" data-id="M20AQ00D9L3N01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-05/jobless-claims-in-u-s-decrease-to-lowest-level-in-four-years.html">Jobless Claims in U.S. Fell to Lowest Level in Four Years</a><br /><br /><br /><div class="bd"><ul><li class="photo first last"><a class="media" href="http://finance.yahoo.com/photos/retailers-report-positive-march-sales-photo-132502649.html"><img alt="<p> In this Tuesday, July 16, 2011 photo, an unidentified customer shops at Target Eagle Rock store in Los Angeles. Retailers from discounter Target Corp. to depart-store chain Macy's to outdoor sports retailer Zumiez reported better-than-expected sales during the month of March in the latest sign that Americans are feeling better about the economy. (AP Photo/Damian Dovarganes)" class="" height="244" src="http://l.yimg.com/bt/api/res/1.2/.KV0hmiw2t.ERgydqJseqQ--/YXBwaWQ9eW5ld3M7Y2g9MzAwMDtjcj0xO2N3PTIzNDI7ZHg9MDtkeT0wO2ZpPXVsY3JvcDtoPTI0NDtxPTg1O3c9MTkw/http://globalfinance.zenfs.com/images/US_AHTTP_AP_HEADLINES_BUSINESS/43742ab2aac1f5090b0f6a7067004762_original.jpg" title="<p> In this Tuesday, July 16, 2011 photo, an unidentified customer shops at Target Eagle Rock store in Los Angeles. Retailers from discounter Target Corp. to depart-store chain Macy's to outdoor sports retailer Zumiez reported better-than-expected sales during the month of March in the latest sign that Americans are feeling better about the economy. (AP Photo/Damian Dovarganes)" width="190" /></a></li></ul></div>Photo: Yahoo<br /><br />Retailers reported better-than-expected sales in Mar, the latest sign that consumers are feeling better about the economy. A combination of <span class="yshortcuts" id="lw_1333636928_1">warm weather</span> & high demand for spring fashions boosted revenue for the month. Consumers have continued to cut back on spending in the slow economic recovery, but they're starting to be encouraged by the improving job market. Only a handful of retailers report monthly figures, but there's optimism that the numbers offer a snapshot of consumer spending, which accounts for more than 70% of all economic activity. Overall, revenue in stores open at least one year rose 4.1%, according to a preliminary tally of 22 retailers by the International Council of Shopping Centers. Retailers catering to customers in all income brackets had monthly gains that beat expectations. While Mar revenue figures are encouraging, analysts caution that retailers should not count their eggs before they hatch. Gas prices, around $4, continue to weigh on consumers & that hurts stores that cater to lower-end shoppers. It's believed that a more accurate picture of spending will emerge after Apr since an earlier Easter holiday this year likely pushed some sales into Mar. <br /><br /><span id="yui_3_3_0_1_1333637669671207"><a href="http://finance.yahoo.com/news/retailers-report-positive-march-sales-121644084.html" id="yui_3_3_0_1_1333637669671395">Retailers report positive March sales</a><cite id="yui_3_3_0_1_1333637669671392"> AP</cite></span> <br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/spain-s-prime-minister-mariano-rajoy-/169316.html" rel="#169316" target="_blank"><img alt="Spain's Prime Minister Mariano Rajoy " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iL6vC7of4CZc.jpg" style="width: 190px;" /> </a> <br /><div class="caption"><br /></div><div class="caption">Prime Minister Rajoy</div>Photo: Bloomberg<br /><br />A slide in Spanish markets deepened as investors’ concerns that Spain may require intl aid rattled markets. Spain, the area’s 4th-largest economy, is in “extreme difficulty,” PM Rajoy said yesterday. This raised the likelihood of a bailout for the 2nd time this week. A rally triggered by more than $1T of ECB loans to stave off a credit crunch is running out of steam &, while Italian Prime Minister Monti is pressing ahead with an economic overhaul, Rajoy is failing to meet deficit targets amid a worsening recession. Spanish bonds fell, pushing the yield on the 10-year Treasury bond to the highest in 4 months at 5.79% & widening the spread with similar-maturity German bunds to more than 4 percentage points. That yield has jumped nearly one percentage point since Mar 2, when Rajoy announced the gov would miss its budget deficit target this year. He set the target for 2012 at 5.3% of GDP, lowering it from 5.8% under EU pressure, instead of 4.4% & warned public debt will surge to a record 79.8% of GDP as it imposes the deepest austerity in at least 3 decades. Another looming disaster to cope with & ECB is running out of ammunition.<br /><br /><a class="q story_link bar" data-id="M2028F6JIJUP01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-05/spanish-economic-woes-rattle-investors-as-european-markets-slide.html">Spain’s Economic Woes Rattle Investors; Europe Markets Slide</a><br /><br /><br />This is turning out to be a lumbering along kind of day going into a long weekend (US markets closed tomorrow). The jobless claims data was good & the Mar jobs report tomorrow should be another good one, but markets are not responding. Maybe buyers began the weekend early. MLPs continue lagging the markets. The yield for the index is 6.1%, low by historical standards & that may be weighing down MLPs.<br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a></div><br /><br /><div style="text-align: center;"><a href="http://www.ino.com/info/768/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/768/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/237/CD3289/&dp=0&l=0&campaignid=3"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/237/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/193/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/193/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/419/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/419/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/678/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/678/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #0c343d;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <b><span style="font-size: large;"> </span></b></div><div style="text-align: center;"><b><span style="font-size: large;"><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></span></b></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/98/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/98/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-82712072385869241562012-04-04T13:29:00.000-07:002012-04-17T21:03:52.671-07:00Markets fall on weak Spanish debt auction and stimulus doubts<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Buying in the PM reduced losses. Dow fell 124, decliners over advancers 4-1 & NAZ was off 45 in a weak tech sector. Bank stocks led the selling, taking the Financial Index down 3+ to 210.<br /><br />The MLP index fell a very big 4+ to just above 390 (about even YTD) & the REIT index was off 2½ to the 252s (still near its recent highs). Junk bond funds were lower, but Treasuries gained as the stock market retreated. Oil tumbled after the Energy Dept said US stockpiles surged the most since 2008 as domestic crude output climbed to the highest level in 12 years. Gold had a very bad day, down $48, on a strong dollar.<br /><br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><div style="color: red; text-align: center;"><i><b><span style="font-size: large;">Click below for the latest market update:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><br /><h2><a href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr><td class="bond_name name "><h3>U.S. 3-month</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.071%</b></td><td class="change value_down "><br /></td></tr><tr><td class="bond_name name "><h3>U.S. 2-year</h3></td><td class="value_yield " style="color: #cc0000;"><b>0.349%</b></td><td class="change value_down "><br /></td></tr><tr><td class="bond_name name last"><h3>U.S. 10-year</h3></td><td class="value_yield last" style="color: #cc0000;"><b>2.238%</b></td><td class="change value_down last"><br /></td></tr></tbody></table><br /><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...101.77</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Down" border="0" height="14px" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10px" /> <b style="color: #cc0000;">2.24</b></span> <span id="yfs_p20_clk12.nym"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_clk12.nym"><b style="color: #cc0000;">(2.2%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><br /><a href="http://charts.kitco.com/KitcoCharts/index.jsp?Symbol=GOLD&Currency=USD&multiCurrency=true&langId=EN&utm_source=kitco&utm_medium=banner&utm_content=20110407_iCharts_gold_chart&utm_campaign=iCharts" target="_blank"><img alt="Live 24 hours gold chart [Kitco Inc.]" border="0" height="305px" hspace="0" src="http://www.kitco.com/images/live/gold.gif" width="480px" /></a><br /><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img border="0" height="155px" src="http://www.kitco.com/LFgif/au0365nys.gif" width="250px" /></a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/best-buy-may-be-cut-to-junk-at-s-p-as-closings-show-weakness-/169052.html" rel="#169052" target="_blank"><img alt="Best Buy May Be Cut to Junk at S&P as Closings Show Weakness " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iayq0AGBR6g8.jpg" style="width: 190px;" /> </a><br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br />Best Buy, the world’s largest electronics retailer, may have its credit rating lowered to junk status by S&P as it plans to close stores to improve its performance. Currently it has a BBB- rating, the lowest level of investment grade, & was placed on credit watch with negative implications. BBY is closing 50 big-box stores & cutting staff jobs, generating savings to spend on promotions & training store employees. The company plans to add 100 smaller-format Best Buy Mobile stores in the US in the current fiscal year. A downgrade would indicate how serious its problems are. The stock fell 60¢ & has a dreary chart.<br /><br /><a class="q story_link bar" data-id="M1YWRO6JTSE901" data-type="Story" href="http://www.bloomberg.com/news/2012-04-04/best-buy-may-be-cut-to-junk-at-s-p-as-closings-show-weakness.html">Best Buy May Be Cut to Junk at S&P as Closings Show Weakness</a><br /><br /><h1><span style="font-size: large;">Best Buy Co., Inc. (BBY)</span></h1><br /><a href="about:blank"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000BBY-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><br /><div class="thumbnail_container"><img alt="SanDisk Declines Most Since January " class="small_img img_keep_size" src="http://www.bloomberg.com/image/ivzLTvrJs5To.jpg" /> </div><br />Photo: Bloomberg<br /><br />SanDisk, a maker of memory chips, fell after it cut its revenue guidance for Q1. It now expects to report revenue of $1.2B, down from an earlier forecast of $1.3-$1.35B which is also below the analyst forecast of $1.34B. It lowered its forecast for gross margin to below 39%, rather than 39-42%. Little detail was provided on what's behind the shortfall, beyond saying that demand was weaker than expected. Several analysts cut full-year forecasts to match the Q1 outlook & reduced price targets. However, some said they expect demand to come back in H2. SanDisk's flash memory goes into smartphones & camera memory cards, & increasingly into laptops. Flash memory prices are volatile although suppliers have been careful about adding capacity. The stock sank $5.54 (11%).<br /><br /><a class="q story_link bar" data-id="M1X9KX07SXKX01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-03/sandisk-reduces-forecast-for-quarterly-sales-profitability-1-.html">SanDisk Declines Most Since January on Lower Sales Forecast</a><br /><br /><h1><span style="font-size: large;">SanDisk Corporation (SNDK)</span></h1><br /><a href="about:blank"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000SNDK-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><br /><span class="yshortcuts" id="lw_1333550528_0">Monsanto </span>said that a strong & early US seed selling season drove its fiscal Q2 income up 19% & it raised its earnings outlook for the full year. Increased corn seed sales in Latin America also boosted results. EPS was $2.24, above $1.88 a year earlier. Revenue rose 15% to $4.75B from $4.13B. Results topped expectations for EPS of $2.11 on revenue of $4.53B. Q2 is important because it sells seeds ahead of the planting season in the Northern hemisphere. Sales of corn seeds, by far the biggest segment, rose 17% to $2.82B. <span class="yshortcuts" id="lw_1333550528_4">Soybean seed</span>s, its next largest segment, rose 12% to $698M. The company boosted expectations for full-year adjusted EPS by 10¢ to $3.49-$3.54. Including all one-time gains & losses, it expects to report EPS<span class="yshortcuts" id="lw_1333550528_2"></span> of $3.45-$3.50, a little below expectations of $3.51. The <span class="yshortcuts" id="lw_1333550528_3">Dept of Agriculture</span> just said that corn supplies are down 6%, indicating supplies will remain tight & prices high in the near term. The USDA predicted that farmers will plant more corn this spring, the highest level since 1937. The stock dropped 1.22. <br /><br /><a class="q story_link bar" data-id="M1YEQG6S972J01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-04/monsanto-raises-forecast-as-profit-tops-estimates-on-corn.html">Monsanto Raises Forecast as Profit Tops Estimates on Corn</a><cite></cite><br /><br /><h1><span style="font-size: large;">Monsanto Company (MON)</span></h1><br /><a href="about:blank"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000MON-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a><br /><br /><br />The corp news was not good today. MON is doing well as business from farmers is strong. But BBY & SNDK disappointed with earnings season approaching. Alcoa (AA), the first Dow stock to report, will announce on Tues with big banks right behind it. Price for gas at the pump is just under $3.93, very troubling for the economy. Sluggish stock action this week suggests markets are very nervous about earnings results. Dow is down about 140 this week but has been able to hang in above the 13K floor & that floor has become very important to hold<br /><br /><h1><span style="font-size: large;">Dow Industrials</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"><img alt="stock chart" border="0" height="395px" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539px" /> </a></div><br /><div style="text-align: center;"><a href="http://www.ino.com/info/773/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/773/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/221/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/221/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;">Get your favorite symbols' Trend Analysis TODAY! <a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/223/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/223/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/519/CD3289/&dp=0&l=0&campaignid=6"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/519/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/208/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/208/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/37/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/37/" /></a></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.comtag:blogger.com,1999:blog-372595248003746166.post-31043258958674609412012-04-04T08:24:00.000-07:002012-04-17T21:03:52.802-07:00Markets tumble as the Federal Reserve signals no QE3<div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on"><div dir="ltr" style="text-align: left;" trbidi="on">Dow sank at the opening & continued adding to those losses. Dow is off 161, decliners over advancers 6-1 & NAZ dropped a bigger 51 (with Apple falling 9). Banks led the selling with the Financial Index dropping almost 4 to the 209s. The MLP index fell 4+ to 390 & the REIT index was off 3+ to 251. Junk bond funds were a little lower, but Treasuries rose bringing lower yields. Oil is having a bad day & gold plunged to a 12-week low as the dollar strengthened on signs the Federal Reserve may refrain from providing more stimulus measures.<br /><h1><span style="font-size: large;">JPMorgan Chase Capital XVI (AMJ)</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000AMJ-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a><br /><br /><h2><a class="" href="http://www.bloomberg.com/markets/rates-bonds/government-bonds/us/">Treasury yields:</a></h2><table border="0" cellpadding="0" cellspacing="0" style="width: 190px;"><tbody><tr> <td class="bond_name name "><h3>U.S. 3-month</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.071%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name "><h3>U.S. 2-year</h3></td> <td class="value_yield " style="color: #cc0000;"><b>0.345%</b></td> <td class="change value_down "><br /></td> </tr><tr> <td class="bond_name name last"><h3>U.S. 10-year</h3></td> <td class="value_yield last" style="color: #cc0000;"><b>2.239%</b></td> <td class="change value_down last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=CLK12.NYM">CLK12.NYM</a></td><td class="second name">...Crude Oil May 12</td><td class="last_trade"><b><span id="yfs_l10_clk12.nym">...102.78</span></b> <nobr><span id="yfs_t10_clk12.nym"></span></nobr></td><td><span id="yfs_c10_clk12.nym">...<img alt="Down" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10" /> <b style="color: #cc0000;">1.23</b></span> </td><td></td><td><span id="yfs_p20_clk12.nym"><b style="color: #cc0000;"> (1.2%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><table cellpadding="0" cellspacing="0"><tbody><tr><td class="first"><a href="http://finance.yahoo.com/q?s=GCJ12.CMX">GCJ12.CMX</a></td><td class="second name">....Gold Apr 12</td><td class="last_trade"><b><span id="yfs_l10_gcj12.cmx">.........1,624.20</span></b> <nobr><span id="yfs_t10_gcj12.cmx"></span></nobr></td><td><span id="yfs_c10_gcj12.cmx">...<img alt="Down" border="0" height="14" src="http://l.yimg.com/a/i/us/fi/03rd/down_r.gif" style="margin-right: -2px;" width="10" /> <b style="color: #cc0000;">45.80</b></span> <span id="yfs_p20_gcj12.cmx"><b style="color: #cc0000;"> </b></span></td><td><span id="yfs_p20_gcj12.cmx"><b style="color: #cc0000;">(2.7%)</b></span></td><td class="last"><br /></td></tr></tbody></table><br /><div style="text-align: center;"><a href="http://www.ino.com/info/772/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/772/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/777/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/777/" /></a></div><div style="text-align: center;"><br /></div><div style="color: red; text-align: center;"><i><b><span style="font-size: large;">Get the latest daily market update below:</span></b></i></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/704/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/704/" /></a></div><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/company-payrolls-in-u-s-expanded-by-estimated-209-000-workers-/168818.html" rel="#168818" target="_blank"><img alt="Company Payrolls in U.S. Expanded by Estimated 209,000 Workers " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iV3oQVyCGpCU.jpg" /> </a> <br /><div class="caption"><br /></div><div class="caption">Photo: Bloomberg</div><br />Private companies continued to add jobs in Mar, but at a slightly slower pace than in Feb. Businesses added 209K, according to a report issued by ADP (lower than the forecast of 217K & marked a slowdown from 230K private sector jobs added in Feb). Strong jobs data throughout the winter has been partially attributed to unseasonably warm weather, which allows some firms (i.e. construction) to remain fully operational during colder months. Once that effect fades, job creation could weaken. Small businesses continued to drive job growth. Companies with fewer than 50 employees made up about half of all private sector job gains, hiring 100K. Large companies with 500 or more employees hired 22K new workers & medium-sized businesses added 87K to their payrolls. The ADP report typically sets the tone for the gov highly anticipated monthly jobs report on Fri. While the reports tend to show the same trends over the long term, their figures can diverge from month to month.<br /><br /><a class="q story_link bar" data-id="M1YFEE1A74E901" data-type="Story" href="http://www.bloomberg.com/news/2012-04-04/adp-estimates-companies-in-u-s-added-209-000-jobs-in-march.html">Company Payrolls in U.S. Grow by Estimated 209,000 Workers</a><br /><br /><br /><a class="enlarge_image" href="http://www.bloomberg.com/photo/ecb-president-mario-draghi-/168824.html" rel="#168824" target="_blank"><img alt="ECB President Mario Draghi " class="small_img img_keep_size" src="http://www.bloomberg.com/image/iEcOB8s7.2x8.jpg" /> </a> <br /><div class="caption"><br /></div>Photo: Bloomberg<br /><br /><span class="yshortcuts" id="lw_1333550420_0">ECB President Draghi</span> said it was premature to talk about withdrawing the bank's massive <span class="yshortcuts" id="lw_1333550420_3">emergency loans</span> to banks given slack economic conditions & record high levels of unemployment across the 17-country eurozone. Draghi spoke after the <span class="yshortcuts" id="lw_1333550420_1">ECB</span> left its key interest rate unchanged at the record low of 1%. He said the bank was still sizing up the "powerful and complex" effects of the €1T ($1.3T) in loans it handed out in 2 batches to banks in Dec & Feb. He added that the 2nd round of the loans came too late to appear in the recent economic data the bank has to consider but stressed that the onus was on govs to push thru economic reforms that will help revitalize their economies. "So it's necessarily a partial analysis that we are having today," he said<span class="yshortcuts" id="lw_1333550420_4"></span>. "Given the present conditions of output and unemployment, which is at an historical high, any exit strategy talk is premature." The eurozone economy shrank 0.3% in Q4 & indicators for future growth indicators remain weak, raising the likelihood that the economy shrank again in Q1, creating the technical definition of recession. Unemployment is at a record 10.8%, while youth unemployment has reached freakish levels of 50% in Spain & Greece.<br /><br /><div class="q_link_wrapper"><a class="q story_link" data-id="M1Y7P46JIJVF01" data-type="Story" href="http://www.bloomberg.com/news/2012-04-04/ecb-s-draghi-says-there-are-upside-risks-to-inflation-outlook.html">ECB’s Draghi Sees ‘Upside Risks’ to Outlook for Inflation</a> </div><br /><br />Markets are having a bad day after what has been a flattish period over the last 2 months. Considering the Dow's sharp run-up from the lows 6 months ago at 10.4K, some setbacks must be accepted. But this sell-off may be more serious. Considering the strength of the US recovery, it's difficult to imagine any rationale for a QE3. Why was it expected? Europe is going nowhere fast & the US economic recovery may be slowing. The jobs report on Fri will be especially important for the markets. <br /><h1><span style="font-size: large;">Dow Industrial</span></h1><br /><a href="http://www.blogger.com/post-create.g?blogID=2617993480821979699"> <img alt="stock chart" border="0" height="395" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-53-03NA000000.INDU-&SF:6%7C8%7C5-SH:8=200-WD=539-HT=395-" width="539" /> </a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/774/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/774/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/775/CD3289/&dp=0&l=0&campaignid=30"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/775/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/419/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/419/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/36/CD3289/&dp=0&l=0&campaignid=9"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/36/" /></a></div></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/307/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" src="http://ino.directtrack.com/42/3289/307/" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><a href="http://www.ino.com/info/311/CD3289/&dp=0&l=0&campaignid=12"><img alt="" border="0" height="39" src="http://ino.directtrack.com/42/3289/311/" width="320" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><i style="color: #0b5394;"><b><span style="font-size: large;">Get your favorite symbols' Trend Analysis TODAY!</span></b></i> <span style="font-size: large;"><b> </b></span></div><div style="text-align: center;"><span style="font-size: large;"><b><a href="http://www.ino.com/info/88/CD3289/&dp=0&l=0&campaignid=12">Click Here</a></b></span></div></div>Alexandriahttp://www.blogger.com/profile/05601907187035700437noreply@blogger.com