Chiantis: The Box Wine Wins Again
Market Commentary: Averages Close Mixed With The DOW At A New High
Closing Market Commentary For 11-06-20
The DOW made new highs this afternoon while the rest of the market place remained mixed and flat. The small caps turned in a lackluster day mostly in the red and that puts the large caps on notice that the bears are coming. Mostly the DOW's highs are the result of the HFT algo computers and the financial mobsters that control this market casino and really do not mean anything really.
By 4 pm the BTFDers were out buying up 'bargains' giving the last few minutes a small lifting factor.
Market Commentary: Markets Slide Sideways In Lackluster Fashion
Midday Market Commentary For 11-06-20
Midday markets melted off their highs to settle in a mid range of flat, lackluster and uninteresting. Trading sideways on low volume the opening gaps have not been covered and not much of anything else has happened. The big story, of course, is that investors are worried about negative European financial news and what the Fed is going or not going to do regarding the tapper.
Nonfinancial Leverage NFCI Again Declined w/e 02 November 2013
The Nonfinancial leverage subindex of the National Financial Conditions Index increased slightly (less good) this week but still remains well inside of economic expansion territory. Econintersect focuses on non-financial tools to monitor the economy.
This index remains on a "less good" trend line, and is believed to be a good forward indicator a recession is coming. A value above zero is a recession warning. This week there was a moderate revision to the entire series.
Market Commentary: Markets Gap Up At The Opening Seeking New Highs
Opening Market Commentary For 11-06-2013
Premarket numbers were in the +0.40% up from yesterday's close and unaffected by the drop in the MBA Mortgage Applications falling from 6.4% to -7.0% this month.
Markets gaped up at the opening again leaving speculation about the averages falling to close this gap in this session just like it did yesterday when the markets gaped down. There is more negative pressure on the markets currently than there is normally and the prospect of the averages declining today are better than usual.
September 2013 Leading Economic Index Rises Again, May Be Gaining Momentum
Written by Steven Hansen
The Conference Board Leading Economic Index (LEI) for the U.S. improved again in September to 97.1 (2004 = 100). The index growth has accelerated the last three months.
Read more >>
A Word from This Newsletter's Sponsor
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It comes from a closed-door meeting at the New York Stock
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The Snowden Case What You're Not Being Told
When the mainstream media shows you something with their right hand, watch what the left hand is doing.
(Unmet) Credit Demand of American Households
by Basit Zafar, Max Livingston, and Wilbert van der Klaauw - Liberty Street Economics, Federal Reserve Bank of New York
One of the direct effects of the 2008 financial crisis on U.S. households was a sharp tightening of credit. Households that had previously been able to borrow relatively freely through credit cards, home equity loans, or personal loans suddenly found those lines closed off-just when they needed them the most. In recent months, aggregate statistics such as the Federal Reserve's Consumer Credit series and the Senior Loan Officer Opinion Survey have shown a gradual improvement in consumer credit.
October 2013 Challenger Job Cuts Moderate Slightly
2013 Layoffs-to-date remain essentially equal to the 2012 year's layoffs to date.
What We Read Today 06 November 2013
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list asks if legalizing marijuana could solve state tax revenue problems ........ and the last article is a great 55-year review of Treasury interest rate data.
The GOP Bible for 2016: An Overview
Written by Frank Li
My second book, "The GOP Bible for 2016", is out at Amazon.com! It's available as both an e-book ($4.99) and paperback (list price $10.99). To learn more about it and to order, click here: The GOP Bible for 2016.
In this article, I will show you the first several pages of the book (which you can read on-line as preview), as well as the last several pages (which are not available on-line).
GE and Vestas Dominate the Wind Turbine Market
by Felix Richter, Statista.com
With a record 48.4GW of new capacity added worldwide, 2012 was an excellent year for the wind energy sector. The United States proved especially successful with the expected lapse of crucial wind subsidies initiating a rush towards wind farm development.
Business Services Sector Continues to Grow in Recovering Economy
About Small Cap Stocks Article of the Week
Written by Allen Caron
Image from Gizmodo.
Apple's big announcement on October 22nd revealed the latest iteration of their bestselling tablet, the iPad Air. Coming in at a weight of one pound - and 20 percent thinner - the upgrade seems to be more about style than substance. While it's faster than previous iPads with its A7 processing chip, this may not be enough to get consumers to ditch their current tablets in favor of the latest version.
Housing Smoke and Mirrors (29) - 'First-Hand Evidence'
Written by Adam Whitehead, KeySignals.com
'
There is nothing like first-hand evidence.' First-hand evidence is leading to the observation that the American housing market began losing steam in August. Further analysis leads to the conclusion that the Fed has created a problem for which it has no solution.
Read more >>
Investing.com: Technical Analysis 05 November 2013
Investing.com Technical Analysis (as of Tue, 05 November 2013 05:00pm EDT)
by Investing.com Staff, Investing.com
Below, technical overviews and analysis for key stock indices, commodities and
currency pairs, based on market activity at the close of the 05 November 2013 U.S. session. This information is a comprehensive summary derived from simple and exponential moving averages along with key technical indicators shown for specific time intervals.
Healthcare Opportunities Abound
Healthcare Opportunities Opportunists Abound
Econintersect: At least opportunities seem to abound for the insurance companies who are being accused of manipulating their customers in the confusion over the Affordable Care Act (ACA, aka ObamaCare) implementation. From what is found in some reports the headline might well replace the word "opportunities" with "opportunists". It seems that when information is not available for one thing (ACA) the opening is created for other things to rush in with misleading and self-serving "information".
"Nature abhors a vacuum."
- - Aristotle . . . . .
How America's Short Sightedness Hampers Long-Term Growth!
Four Graphs Showing A Nation in Decline, an Unnecessary and Easily Fixed Decline.
by Fabius Maximus, FabiusMaximus.com
Summary: We mock China for their over investment in infrastructure. Gleaming new factories, high-speed trains, subways. Foolish ants. Exceptional America does it better. As a third in this series, we look at some pictures of how much America invests in itself. These are snapshots, not a comprehensive assessment. Still, they tell a chilling story. We can fix this; it takes only our wisdom and will to do so. Probably new leaders, too.
Read more >>
National Debt to Double from $17.0 trillion to $34.0 Trillion?
by Michael Lombardi, Profit Confidential
Can it be true?
The U.S. Department of the Treasury has reported that for the federal government's fiscal 2013 year, which ended on September 30, 2013, the U.S. government budget deficit was $680 billion-the smallest budget deficit in five years. (Source: Bureau of the Fiscal Service, October 30, 2013.)
Should this be taken as great news? No, it's "smoke and mirrors," as I will explain below. But the mainstream certainly thinks this year's budge deficit, which came in below $1.0 trillion, is good news. They forget that no matter how you look at it, any budget deficit, no matter how small or large, is adding to a bigger problem at hand-our massive national debt.
Infographic of the Day: Healthcare.gov is Fundamentally Flawed
Healthcare.gov is Fundamentally Flawed Leading to the larger questions:
- Will enrollment glitches become provider glitches?
- Will people who enrolled with the glitchy show up at hospitals with no insurance?
- Will the information of those who enrolled be at risk?
First Ever SEC Fine for Muni Issuer
SEC Charges Municipal Issuer in Washington's Wenatchee Valley Region for Misleading Investors
Washington D.C., Nov. 5, 2013 - The Securities and Exchange Commission today charged a municipal issuer in the state of Washington's Wenatchee Valley region with misleading investors in a bond offering that financed the construction of a regional events center and ice hockey arena. The SEC also charged the underwriter and outside developer of the project and three individuals involved in the offering.
Twitter Looks Set to Raise $1.75 Billion in IPO
by Felix Richter, Statista.com
Three days before its scheduled stock market debut on Thursday, Twitter reacted to the strong demand for its initial public offering by raising the price range for its shares. The new range is $23 to $25 per share, up from $17 to $20 as initially planned.
