April 29, 2011
Some of the more interesting and important items for April 28th :
- Asus Transformer Tablets Sold Out–Short Supply or Big Demand? | John Paczkowski | Digital Daily | AllThingsD – Apple investors unsettled by reports claiming the Asus Transformer tablet is co-opting iPad demand can rest easy. The threat here appears to be a bit less than what it’s been made out to be. While it’s true that the device sold out quickly online at retailers like Amazon.com and Best Buy, the reason for those first-day stockouts seems to be more a case of piddling inventory than a surge of overwhelming demand.
- Silver ETF Soars Past SPY As Most Active; Weekly Volume Up 444% – Focus on Funds – Barrons.com – For a second-straight day, shares of the iShares Silver Trust (SLV) have finished on top as the most active ETF in the U.S. market. Nearly 180 million shares were traded on Thursday, according to the New York Stock Exchange.
- Total to Buy Up to 60% of SunPower for $1.38 Billion in Clean-Energy Push – Bloomberg – Total SA (FP), Europe’s third-biggest oil producer, agreed to buy as much as 60 percent of SunPower Corp. (SPWRA) for $1.38 billion, to profit from the global transition to clean energy.
- Economy in U.S. Grows Less-Than-Forecast 1.8% as Government Spending Drops – Bloomberg – The U.S. economy slowed more than forecast in the first quarter as government spending declined by the most since 1983 and household purchases cooled.
- Dollar Index Set for Longest Losing Run in 6 Months on Economy – Bloomberg – The Dollar Index headed for a fifth weekly decline, its longest losing streak in six months, before U.S. reports that economists said will show consumer spending cooled and businesses expanded at a slower pace.
- Australia treasurer: Consumer spending weak – MarketWatch – SYDNEY -(MarketWatch)- Australia Treasurer Wayne Swan Friday said consumer spending is weak and likely to remain subdued as shoppers save more and spend less despite the country benefitting from a mining boom.
- Yuan Breaks Through 6.5 Per Dollar for First Time Since 1993 – Bloomberg – China’s yuan strengthened beyond 6.5 per dollar for the first time since 1993, supported by speculation the central bank will allow appreciation to help tame the fastest inflation in more than two years.
- RIM Cuts Profit Forecast as BlackBerry Demand Falls Short – Bloomberg – Research In Motion Ltd. (RIMM), facing intensifying competition from Apple Inc. (AAPL) and Google Inc. (GOOG), plunged in late trading after cutting profit forecasts on slower-than-expected demand for BlackBerry smartphones.
April 29, 2011
The hysteria is starting to read a fever pitch. Bull and Bears are having a tough time with each other as it has become a personal matter and egos may be starting to get in the way. Maybe not.
I say this because of the kind of email and comments I receive whenever mentioning silver. Time and time again, when a topic brings out the die-hards, it makes me nervous. When something in the investment world develops a cult-like following, it sends up a warning flag. Remember all those fun times with real estate and internet companies?
Not all of these kind of situations have to end badly, but often, there Read more
April 29, 2011
Here is our latest conversation …. new insights for anyone who invests in anything.
This week we highlight a discussion about specific stocks to examine. This week we look closely at the market’s upthrust. A few stocks discussed along with 2 to look at further… NEW! We are now tracking the idea Read more
April 27, 2011
Some of the more interesting and important items for April 27th :
- YouTube Founders Hurley, Chen Acquire Delicious From Yahoo – Bloomberg – Yahoo! Inc., the largest U.S. Internet portal, sold its Web-bookmarking service Delicious to YouTube founders Chad Hurley and Steve Chen, part of a plan to offload underperforming sites.
- Nasdaq ends at 10-year high in Bernanke-fueled rally | Reuters – (Reuters) – The Nasdaq jumped to a 10-year high as U.S. stocks rallied on Wednesday after Fed Chairman Ben Bernanke's first-ever press conference did nothing to short-circuit investors' optimistic outlook on the economy.
- Sokol Violated Berkshire Ethics on Lubrizol, Board Report Finds – Bloomberg – David Sokol violated Berkshire Hathaway Inc. (BRK/A)’s standards by misleading the company about his personal stake in Lubrizol Corp., which he recommended as a takeover target to Chairman Warren Buffett, the company said.
- Geithner Says U.S. Will Never Weaken Dollar to Gain an Advantage in Trade – Bloomberg – Treasury Secretary Timothy F. Geithner today reaffirmed the U.S. commitment to a “strong dollar” and said the country won’t weaken the currency to gain an advantage over its trading partners.
- Japan Debt Outlook Cut to ‘Negative’ by S&P on Rebuilding Costs – Bloomberg – Japan’s sovereign-rating outlook was cut to “negative” by Standard & Poor’s as the nation’s reconstruction needs following last month’s earthquake will likely add to what’s already the world’s biggest debt load.
- 500 Internal Server Error – 500 Internal Server Error
April 27, 2011
So, what did you think Bernanke would say? Obviously with the current state of the economy and the low level of inflation (from the Fed’s view) there is going to be a continuation of the “extended period” for an extended period. This gave the green-light to traders as they were quick to snap up precious metals and other commodities.
(A side-by-side comparison of the last two Fed minutes is HERE)
Silver went bananas and there was a small bounce higher for equity markets. Of course the dollar got smacked against the Euro and other currencies. Crude is now resting comfortably at $113.40 per barrel and Read more