10 Friday AM Reads
My morning reads:
• Different Measures of Unemployment, but Consistent Story is Visible (Northern Trust Investments) see also The Jobs Report and the “Missing 1.2 Million” (New Yorker)
• House Insider Bill Passes With New Backers (WSJ)
• Why Millions Won’t Get Help From Big Mortgage Settlement (ProPublica) see also Foreclosures to Climb Before Bank Deal Helps U.S. Housing Market (Bloomberg)
• Is an Earnings Peak Coming? (Crossing Wallstreet)
• Buffett: Bonds Are Among Most Dangerous Assets (Bloomberg) but see Gross Raises Holdings of Treasuries to Highest Since 2010 (Bloomberg)
• Everything is connected (Research Puzzle)
• Europe Bulls Reap Rewards (WSJ) but see Greek death spiral accelerates (Telegraph)
• Phone Hacking Decision Making: Dinner at Rupert’s (Businessweek)
• How Sonos Outshines Apple in Home Audio (NYT)
• If You’re Fat, Broke, and Smoking, Blame Language (Mother Board)
What are you reading?
>
Sentiment Survey Should Be Convincing
Source: WSJ
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February 10th, 2012 at 10:02 am
The world markets appear pleased that the Greece debt problem was solved yesterday (those were the headlines I kept seeing anyway).
February 10th, 2012 at 10:07 am
Rep. Spencer Bachus faces insider-trading investigation
http://www.washingtonpost.com/politics/2012/02/09/gIQA21Ui2Q_story.html
On the plus side there won’t be any abortions at the Big house where he’ll be residing, but Spenser might want to rethink his stance on condoms at the hospitals … and then inquire if Bubba, his cell mate, might allow the gentleman from Alabama to stock up at the infirmiry.
February 10th, 2012 at 10:14 am
“…those were the headlines I kept seeing anyway…”
rd,
for a different aperature ‘on the Scene’, see some of..
http://www.youtube.com/watch?v=4UZeewRUfsI (runs 30 sec.)
February 10th, 2012 at 10:15 am
http://www.ft.com/intl/cms/s/0/68015bb2-51b8-11e1-a99d-00144feabdc0.html#axzz1luwEH6U3
Dr Bissoon says that when he first started offering testosterone therapy, he thought most of his clients would be gym rats hoping to build Arnold Schwarzenegger-style physiques. “I was surprised that 90 per cent of my patients have some involvement in the finance industry,” he says. “They are upper-level management and most of them are in their 30s and 40s.”
February 10th, 2012 at 11:33 am
Zero Hedge: “Why is Gasoline Consumption Tanking?”
http://www.zerohedge.com/news/guest-post-why-gasoline-consumption-tanking
Gasoline deliveries to retail stations has plunged to nearly 30-million gallons/day, down nearly 50% from 2008.
February 10th, 2012 at 11:41 am
Different Measures of Unemployment, but Consistent Story is Visible> no mention of U6.
February 10th, 2012 at 11:42 am
Troika’s demand on Greek’s working class:
http://wsws.org/articles/2012/feb2012/pers-f10.shtml
February 10th, 2012 at 11:48 am
Santorum: Concerns about “emotions” if women on front lines
http://www.cbsnews.com/8301-503544_162-57374553-503544/santorum-concerns-about-emotions-if-women-on-front-lines/
Yeah. men are calm, relaxed even on the front lines.
Nothing like being an infantryperson walking alongside an Abrams A1A toting your M1.30 into a Middle Eastern minefield that soothes the masculine nerves. “Wow,” thinks the penally-endowed person, “Wouldn’t it be nice to be captured and become a POW in our enemies clutches for years and years.”
February 10th, 2012 at 12:55 pm
In re confidence survey, perhaps this is a naive question but how indicative are confidence indicators in general?
I put more stake in what’s actually happening both with traders and with macro indicators. Curious as to other opinions.
February 10th, 2012 at 12:58 pm
More information on Finks “100% stocks” call: http://www.bloomberg.com/news/2012-02-10/fink-call-intended-to-get-cash-off-sidelines.html
Could this be read to mean that the smart money is getting concerned that the dumb money is not rushing in to buy risky assets from the smart money now that the market has doubled?
February 10th, 2012 at 1:08 pm
Is Buffett even making sense here? Bonds are dangerous because of inflation and a potential collapse – OK. Fair enough. But in the same breath gold is a crowded, fear-based trade that’s overbought and a poor investment?
I’m not trying to be cheeky or come off like I know better, but would genuinely like someone to explain how this adds up.
February 10th, 2012 at 2:30 pm
VennData:
You are missing the whole point. It is not that men don’t have emotions, its just that women have the wrong ones. They will want to cuddle the enemy instead of blow them up because they have inadequate levels of testosterone.
BTW, we need a movement to ban women on Wall Street as well as in combat because they clearly don’t have what it takes since they are testosterone deficient. Even many of the men can’t cut it as they need testosterone supplements: http://www.ft.com/intl/cms/s/0/68015bb2-51b8-11e1-a99d-00144feabdc0.html
It is clear that one of the main problems that America has today is that too little thinking is being driven by testosterone.
February 10th, 2012 at 2:32 pm
Roubini and Rosenberg as contrarian indicators. ruh roh.
http://www.philstockworld.com/wp-content/uploads/image/Roubini.png
Lack of IPO premiums suggests private buyers are overpaying for hot startups
http://www.pehub.com/135039/private-buyers-are-overpaying-for-web-companies-report/
February 10th, 2012 at 2:34 pm
:-)
Fed Valentines
http://economix.blogs.nytimes.com/2012/02/10/fedvalentines/
February 10th, 2012 at 3:41 pm
Barry, this surely is grist for your mill:
#fedvalentine
February 10th, 2012 at 3:43 pm
Ah shoot, I see @arogersb got there first, sorry dude wasn’t trying to steal your thunder – noticed it in my RSS ,and thought of BR almost immediately.
February 10th, 2012 at 7:57 pm
Sentimentrader Blog – “Record High Bullish Sentiment”
http://sentimentrader.com/blog/archives/135
Rydex bullish sentiment is at a record high. Other notable tops/bottoms in the past 11-years are also noted.
February 10th, 2012 at 9:19 pm
venn,
The most girlie-man emotional folks I knew in the Army were infantry officers. Santorum and the military still get this wrong.
February 11th, 2012 at 4:30 am
[AUDIO] Why It’s Kicking Off Everywhere http://www.thersa.org/events/audio-and-past-events/2012/why-its-kicking-off-everywhere
Both a big picture and on the ground view of the forces behind much of the unrest we’re currently seeing.