Bill Cara’s Blog for Nov 28, 2011

CTA Trading Desk Morning Report

[7:00am ET] Good morning.

Europe’s Banks bounce back to lift investor spirits at the start of the week.

blog11_nov_28.1.gif

Europe’s Miners & Oilers and Consumer stocks also start the week in the green.

blog11_nov_28.2.gif

blog11_nov_28.4.gif

No red on the board presently, but the key to equities this week will be the bond market.


[8:15am ET] Good morning, Geoff here.

It looks like another “the world didn’t end” Monday rally. I mentioned last week that I thought we were close to putting in a top in the US dollar and that event could be occurring today as the US dollar looks like it has formed a double top. That top would signal a low in both stocks and commodities and it would be time to buy.

The strong rally in stocks this morning is a short squeeze, but how long will that last? Good news out of Europe may extend the rally as will the liquidity that is sure to come – we are just not sure of the timing of said liquidity and if it will be pulling the market higher on this particular rally. Regardless, I think this will end up being a tradable low in stocks and we will be putting money to work here.

Late last week we were repositioning the portfolio. We sold TLT (long duration bond etf) as we viewed that rally as ending soon and we sold SHY (short duration bond etf) in order to raise cash to use in future stock purchases. In stocks, we bought Cara 100 stocks that we viewed as the strongest stocks on an earning basis and sold a few out that were not showing relatively high current earnings strength. On Thursday and Friday we bought or added to; BIDU, MSFT, NGD, SBUX, SCHW, ATVI, FSLR and SNDK. We also sold puts in SBUX, SNDK and POT. That basket, in addition to other stocks in the portfolio, may or may not outperform the S&P 500 moving forward, but we are always looking to be long the “best of breed” and it will be interesting to see how they perform.

Perhaps our favorite sector is the gold miners so you can guess that we will be adding to those names, hopefully having the opportunity to buy on dips. In the All Weather portfolio, we are long; CEF, FCX, GG, SLW, SVM, NGD, UXG and we initiated a new position in PHYS last week. Of course, the Junior Gold portfolio has many more holdings, some of which are too small to mention here because that may affect the stock movement moving forward.

Political news will continue to move the markets, but for the time being shorts are being forced to cover and probably will be for a few more days – just hope you were not getting short into the fear last week because this rally may last longer than many anticipate and surprise to the upside.

Have a great trading day!


Here are the 7:00am ET snapshots of the latest equity market trading results for Europe, and futures prices plus 5-minute charts of the futures for S&P 500, 30-year US Treasury Bond, US Dollar index, Gold and Crude Oil.

Symbol Name Last Trade Change Related Info
^ATX ATX 1,747.10 5:31AM EST Up 81.10 (4.87%) Components, Chart, More
^BFX BEL-20 1,982.76 6:59AM EST Up 61.85 (3.22%) Components, Chart, More
^FCHI CAC 40 2,965.32 6:59AM EST Up 108.35 (3.79%) Components, Chart, More
^GDAXI DAX 5,663.18 6:44AM EST Up 170.31 (3.10%) Components, Chart, More
^AEX AEX General 274.37 Nov 25 Up 2.76 (1.02%) Components, Chart, More
^OSEAX OSE All Share 415.05 6:44AM EST Up 8.45 (2.08%) Components, Chart, More
^OMXSPI Stockholm General 285.75 6:41AM EST Up 8.43 (3.04%) Components, Chart, More
^SSMI Swiss Market 5,495.98 6:42AM EST Up 100.37 (1.86%) Components, Chart, More
^FTSE FTSE 100 5,265.43 6:44AM EST Up 100.78 (1.95%) Components, Chart, More
FPXAA.PR PX Index 862.00 6:59AM EST Up 19.00 (2.25%) Chart, More
ESI500000000.MA IGBM 805.08 6:40AM EST Up 25.33 (3.25%) Components, Chart, More
MICEXINDEXCF.ME MICEX Index 1,449.59 7:42AM EST Up 38.75 (2.75%) Chart, More
GD.AT Athex Composite Share Price Index 664.70 6:41AM EST Up 0.46 (0.07%) Chart, More

http://finviz.com/futures.ashx

http://finviz.com/fut_chart.ashx?p=m5&t=ES

http://finviz.com/fut_chart.ashx?p=m5&t=ZB

http://finviz.com/fut_chart.ashx?p=m5&t=DX

http://finviz.com/fut_chart.ashx?p=m5&t=GC

http://finviz.com/fut_chart.ashx?p=m5&t=SI

http://finviz.com/fut_chart.ashx?p=m5&t=CL

The team will check in during the day, reporting in the Discourse when there is a new entry.

Enjoy your day.


Cara on Trends & Cycles


Vad’s Catch of the Day


Kaimu’s Sound Money


CTA Trading Desk Mid-Day Report


CTA Trading Desk Post-Close Report


  1. 10:00 AM ET New Home Sales 10:30 AM ET Dallas Fed Mfg... [#100927]
    By: davefairtex (5215 comments) Go to top ↑
    • 10:00 AM ET New Home Sales
    • 10:30 AM ET Dallas Fed Mfg Survey
    • 11:30 AM ET 3-Month Bill Auction
    • 11:30 AM ET 6-Month Bill Auction
  2. 10 in Accumulation Zone 4 in Buy alert Accumulation... [#100928]
    By: davefairtex (5215 comments) Go to top ↑
    • 10 in Accumulation Zone
    • 4 in Buy alert

    Accumulation Zone: Monthly 19, Weekly 14, Daily 77
    Distribution Zone: Monthly 2, Weekly 0, Daily 0

  3. looking like a sweet DB, perhaps a multiple bottom if we... [#100929]
    By: Les (7233 comments) Go to top ↑

    looking like a sweet DB, perhaps a multiple bottom if we include the important panic gap down on higher than normal volume at the end of September.

    If today’s session holds the setup is clear, including the stop placement. JMO

  4. Mish commented on the Economist's global housing... [#100930]
    By: Scott (328 comments) Go to top ↑

    Mish commented on the Economist’s global housing market…

    “What happens if home prices plunge (and they will) in Australia, Belgium, Canada, France, New Zealand, Britain, the Netherlands, Spain and Sweden?”

    He concludes that various quantitative easing programs and lower interest rates will follow and both should be bullish for the dollar.

    The Economist states “the bursting of the housing bubble is half way through.”

    Here’s the article: http://www.economist.com/node/21540231

  5. ... [#100932]
    By: ea32da32 (2362 comments) Go to top ↑
    • Since man evolved from being a hunter-gatherer into a... [#100939]
      By: terryC (336 comments) Go to top ↑

      Since man evolved from being a hunter-gatherer into a political animal those who chose politics for a vocation had to decide whether they would serve others or seek to attain power over others while serving themselves. Most have chosen the latter, so we shouldn’t be surprised when the ultimate form of power, i.e. world domination, should be the aspiration of these well-organized elites. It is for this reason I eschew investment in multinational corporations that are willing to uproot from the first-world and shift to locations where they can exploit others for the sake of enhanced profit. In doing so they often add to the corruption existing in many of these political arenas and lower the bar for all humanity. They have put the very future of our planet in jeopardy in the process. Capitalism isn’t supposed to work this way.

    • Earl, well and good that Bill should ring the alarm bell... [#100986]
      By: Les (7233 comments) Go to top ↑

      Earl,

      well and good that Bill should ring the alarm bell here. But if I may be so bold, at caracommunity we are collectively preaching to the converted. To get this out into especially the Amazon self-publishing environment, for free download and consumption, is something worth doing.

      I’ve just finished uni and am in a state of flux. On paper I have a degree in international politics, so the essay I pose for myself here is of some concrete usage if I choose to continue post-grad studies in the future.

      I also finished the better part of an english lit. major, but the paradox of studying english lit. (with some input from the Tao) is that I realised I didn’t need further education at that point in time, so I never formally completed this major. If you meet the Buddha on the road – kill him.

      However, I am very much interested in the nature of language and I note how the language surrounding Rockefeller changes from one of being a “robber barron” to that of being a “titan” or champion of American industry as the 20th Century progressed.

      This not so subtle shift in language is directly related to what Bill has been saying – it’s a smokescreen. You can see an excellent example of this as Stalin’s grandson, with the tacit acceptance of the Russian state, is trying to rewrite the history books about Russia’s greatest criminal.(I use this example as I note that Joseph Stalin’s daughter died in Wisconsin last week.)

      http://www.independent.co.uk/news/world/europe/sta

      Never fear, I am not simply parroting Bill, but am developing some post-graduate interest in various subjects directly related to social equity, which may lead me back to uni for further formal education. As always we shall see.

  6. Good morning. 10:00 New Home Sales ------ ERTS ... [#100931]
    By: Bull Hunter (3552 comments) Go to top ↑

    Good morning.

    10:00 New Home Sales

    ——

    ERTS – Electronic Arts upgraded to Buy from Neutral at Citigroup citing an attractive valuation and keeps a $26 price target for shares.

    GILD – Gilead upgraded to Conviction Buy from Buy at Goldman who believes Gilead’s (GILD) acquisition of Pharmasset (VRUS) offers potential for improving valuation and growth. Price target is $46.

    GILD – Gilead downgraded to Neutral from Outperform at Credit Suisse and said its FY15-FY20 earnings growth is half that of Celgene (CELG) and Biogen Idec (BIIB) and that its HIV franchise has relatively greater downside risk.

    GOOG – Google upgraded to Buy from Neutral at Citigroup citing the recent pullback in shares as well as the company’s margin stabilization and organic revenue growth. Citi keeps a $680 price target for Google shares.

    POT – Potash upgraded to Outperform from Sector Perform at Scotia Capital based on valuation and recommends investors begin accumulating shares. Price target is $62.

    WFM – Whole Foods upgraded to Buy from Neutral at Northcoast citing its long term growth prospects.

    ——

    “Never mistake motion for action.”
    - Ernest Hemingway (1899-1961)

  7. ... [#100933]
    By: ea32da32 (2362 comments) Go to top ↑
  8. I didn't think IMF had 600B in the first place (300-400... [#100934]
    By: jack black (2306 comments) Go to top ↑

    I didn’t think IMF had 600B in the first place (300-400 IIRC).

    bonds and dollar creeping up since open. Time to short the rebound?

    • It has been know since yesterday afternoon that Italy/IMF... [#100935]
      By: Vadym Graifer (4341 comments) Go to top ↑

      It has been know since yesterday afternoon that Italy/IMF rumor had no substance, yet rally continues.

      • Power of short covering. I don't think we had capitulation... [#100937]
        By: jack black (2306 comments) Go to top ↑

        Power of short covering.
        I don’t think we had capitulation yet. VIX did not go outside BB so far.

        • "Power of short covering" Yeah... we were seriously... [#100938]
          By: Vadym Graifer (4341 comments) Go to top ↑

          “Power of short covering”

          Yeah… we were seriously oversold, at some point overstretched band had to snap back. What is the better time and way to do it than gap up over the weekend catching overconfident shorts with their… hmmm, mixed metaphor is coming.

    • Not only dollar and bonds but also VXX is going up non stop... [#100943]
      By: jack black (2306 comments) Go to top ↑

      Not only dollar and bonds but also VXX is going up non stop from the open. I consider them leading indicators.

      VIX painted an interesting hammer today so far.

  9. Is this risk off or sign of tightening? I wish I knew. But... [#100936]
    By: jack black (2306 comments) Go to top ↑

    Is this risk off or sign of tightening? I wish I knew. But unlike Italian and Spanish yields going down today, Greek and Portugese ones are sharply up.

    • Italian yield started going up again. Spanish still... [#100942]
      By: jack black (2306 comments) Go to top ↑

      Italian yield started going up again. Spanish still falling. Confusing picture. I bet a lot of interventions are happening.
      But, TED spread and Libor up today.

  10. ... [#100940]
    By: ChrisM (279 comments) Go to top ↑
  11. Today, they announced a positive PFS for Gold Bar Project... [#100941]
    By: papadynamite (446 comments) Go to top ↑

    Today, they announced a positive PFS for Gold Bar Project in Nevada. The Preliminary Feasibility Study for its 100% owned project indicates a 1.4 year pay-back based on $1,700 per oz. gold with annual production of 51,000 ounces over a 8-year life at a cash cost of $665 per ounce. The mine will be open-pit. UXG’s intention is to proceed directly to the permitting phase and move towards production as quickly as possible. This is certainly good news.
    With El Gallo going into gold production in less than 6 months, UXG will be a producer next year. Of course, the merger with Minera Andes in a few months will add further production from Argentina.
    It sure will be nice to see gold, then silver production to boost the share price which has taken a beating lately. Personally, I think the lows for this stock have now occurred. Fortunately, I picked up more shares at sub $4.00 prices, for some additional accounts that I have and looking forward to success at McEwen Mining which will supercede UXG.

    • Interesting stuff Papa. But again and again with UXG no one... [#101031]
      By: Ventilation Blues (164 comments) Go to top ↑

      Interesting stuff Papa. But again and again with UXG no one is yet joining in with the celebration of this good news and taking the stock up to new levels. What is holding UXG back, unlike so many of its class? We had a 9% leap on Tuesday and then back down again last night.

  12. (IA) Iran official news agency Fars is reporting that a... [#100944]
    By: Vadym Graifer (4341 comments) Go to top ↑

    (IA) Iran official news agency Fars is reporting that a “loud explosion” has been heard in the Iranian city of Isfahan – Israel’s Haaretz

    ***Isfahan, Iran’s third largest city, is home to nuclear experimental reactors as well as facilities for producing nuclear fuel (UCF). It has one of the largest steel-producing facilities in the entire region, as well as facilities for producing special alloys.

    - For more see http://www.haaretz.com/news/middle-east/report-exp

  13. ... [#100945]
    By: lowpickr (153 comments) Go to top ↑
  14. http://www.telegraph.co.uk/finance/comment/ambrose... The... [#100946]
    By: Les (7233 comments) Go to top ↑

    http://www.telegraph.co.uk/finance/comment/ambrose

    The Fed to do the ECB’s job for it? A number of if-then scenarios worth pondering, none of them pretty of course. What is disconcerting is how the language is changing. Not only are several different courses for Euro break up suggested, but now individuals are remarking on the similarities with which we’re following the path of the great depression.

    Not sure of the truth of that. I don’t know well enough the events of the 1930′s. Something to read up on. But the shifting nature of the language is disconcerting nonetheless and no central bank is stepping up to the plate yet to calm the bond vigilantes. Hopefully something triggers an appropriate response soon.

  15. There was some discussion of Black Friday over the weekend... [#100947]
    By: wpepper (61 comments) Go to top ↑

    There was some discussion of Black Friday over the weekend. MentalFloss.com answers some questions about the name and why FDR moved the date.

    http://blogs.static.mentalfloss.com/blogs/archives

  16. In Europe today, the French banks closed up +9.6% on... [#100948]
    By: Bill Cara (4105 comments) Go to top ↑

    In Europe today, the French banks closed up +9.6% on average and Deutsche Bank gained +7.0%. These are very strong moves, but may also represent some short covering. Let’s see what Tuesday brings in Europe.

  17. First the only stock I could come with respect to Thorium... [#100949]
    By: Telestar3d (636 comments) Go to top ↑

    First the only stock I could come with respect to Thorium is LTBR. Interestingly the majority of their advisory business is to Middle East oil producing nations which supplies the world with oil.

    It seems clear that the world will most likely beat the US with respect to Thorium reactors. So what else is new as the US has a void in any real leaders of this country any more.

    I contacted a friend, Patrick, who is an expert on energy about Thorium and he provided a link to an article he wrote.

    http://www.huffingtonpost.com/patrick-takahashi/th

    He made 10 major comments one being this:

    4 The fuel cost for a conventional nuclear powerplant is $50-$60 million, while the equivalent thorium reactor will only use $10,000 of thorium.

    The links below are just me nosing around as a layman, peruse if interested.

    http://news.discovery.com/tech/thorium-safe-energy

    Durham points to China, which announced earlier this year that it was building a new thorium-based molten-salt reactor, a significant step in technology development. India too is on track to do the same.

    http://www.forbes.com/sites/williampentland/2011/0

    http://ir.ltbridge.com/?c=121550&p=irol-news&nyo=0

    http://flibe-energy.com/introduction/

    • ... [#100951]
      By: Grym (5469 comments) Go to top ↑
      • Grym thanks, it is clear that your source and mine are in... [#100959]
        By: Telestar3d (636 comments) Go to top ↑

        Grym thanks, it is clear that your source and mine are in disagreement. I’ll have to take them one at a time.

        1. Thorium as a nuclear fuel is more expensive than uranium because of the pre-processing and additives (including uranium!) that are needed. Cost is an issue.

        I’ll go with Patrick and his numbers here as your source just makes a broad statement.

        2. The Thorium cycle uses some dangerous materials (sulfuric acid, molten salts, etc). Uranium-based reactors mainly use water. Safety is an issue.

        Sorry, but what element is more dangerous than Plutonium? Everything I have read states that Thorium is safer.

        3. The Thorium cycle produces weapons-grade uranium as a by-product of making power. Politics is an issue.

        Unsure here, but is this not the case with uranium reactors, too.

        Grym, call me skeptical, but thanks for the info will check out the video later.

        Kyle, thanks for the link, its seems great. I’m good thanks for asking, all the best Kyle.

    • T3d - Another site that may be of some interest having... [#100953]
      By: Kyle (129 comments) Go to top ↑

      T3d – Another site that may be of some interest having fairly extensive sections for many elements…

      http://www.elementinvesting.com/investing_in_thori

      Hope you’re doing well man. Kyle

  18. Announced on street signs, he will be there tomorrow, just... [#100950]
    By: mansis (14 comments) Go to top ↑

    Announced on street signs, he will be there tomorrow, just in case you are interested.

    • mansis, But do you think CNBC has already worked out the... [#100952]
      By: Bill Cara (4105 comments) Go to top ↑

      mansis,

      But do you think CNBC has already worked out the Q&A?

      CEO of what? Two other people?

      The FBI should be asking this person who is paying him?

      • Bill, I don't know the exact answers to your questions... [#100956]
        By: mansis (14 comments) Go to top ↑

        Bill,

        I don’t know the exact answers to your questions, although I have my own guesses. Maybe tomorrow I will find out. Just mentioned the interview since some members, like myself, might be interested in what he is saying.

        Best,
        Mansis

        • mansis, I agree that many people are interested. I hope... [#100958]
          By: Bill Cara (4105 comments) Go to top ↑

          mansis,

          I agree that many people are interested. I hope the guy has plenty to say. I would like to think as an American he’s paying his taxes too. Then maybe Treasury could trace the funds back to whoever is paying him. I don’t think he’s clean, but my concern is a bigger one. I think that anybody who discovers fraud, or truly believes it, has an obligation to report it to the authorities, not seek ways to profit from it.

          Short-selling syndicates are ok with me if (i) they have borrowed the stock and are properly margined, and (ii) they made their decisions like the rest of us — on the basis of an assessment of publicly available investment and trading data.

          But what Muddy Waters does, apparently, is nothing different than insider trading in reverse. It ought to be a crime.

          Please, somebody, argue the case for Muddy Waters, if you can.

          • Bill, After being stopped out of my SVM long, I don't have... [#100960]
            By: mansis (14 comments) Go to top ↑

            Bill,

            After being stopped out of my SVM long, I don’t have any intention to argue the case for Muddy Waters. Even if I had,honestly, I could not. Thanks for your comments Bill.

            Mansis

          • mansis, Please don't misunderstand me. We're on the same... [#100962]
            By: Bill Cara (4105 comments) Go to top ↑

            mansis,

            Please don’t misunderstand me. We’re on the same team. I agreed that many of us are interested in the topic. I’d like the regulators to argue the case that they should not be shutting down trading houses that profit from their reports after they allege fraud. Otherwise, shut them down and do all of us a favor.

          • Bill, Absolutely. Your comments have always been... [#100965]
            By: mansis (14 comments) Go to top ↑

            Bill,

            Absolutely. Your comments have always been illuminating, for which I am highly appreciative.

            Mansis

  19. CONSUMER PRICE INDEX (YOY) Germany (Nov) Actual: 2.4%... [#100954]
    By: Les (7233 comments) Go to top ↑

    CONSUMER PRICE INDEX (YOY) Germany (Nov)
    Actual: 2.4% Cons.: 2.4% Previous: 2.5%

    CONSUMER PRICE INDEX (MOM) Germany (Nov)
    Actual: 0.0% Cons.: 0.1% Previous: 0.0%

    GFK CONSUMER CONFIDENCE SURVEY Germany for Dec
    Actual: 5.6 Cons.: 5.2 Previous: 5.4 Revised from 5.3

    http://www.fx360.com/calendar/

  20. ... [#100955]
    By: Les (7233 comments) Go to top ↑
  21. No one interested in GRR right now. If I average down any... [#100961]
    By: westcoaster (1130 comments) Go to top ↑

    No one interested in GRR right now. If I average down any more I’ll end up owning the whole company.
    Epic day in the markets. I sense skies are clearing a little. I hadn’t thought of the geopolitical implications of Eurozone breakup til I read this thoughtful roundup.
    Critical Issues of 2012: How Investors Can Position Themselves for the Year Ahead http://www.minyanville.com/businessmarkets/article

  22. ... [#100963]
    By: Bill Cara (4105 comments) Go to top ↑
    • This is only a black swan to those who trust our... [#100968]
      By: Zaydac (84 comments) Go to top ↑

      This is only a black swan to those who trust our government’s statistics. If you run a business in the UK (I have 2) it’s no surprise. Perhaps the surprise is how well things are holding up for most people in the short term despite the gloomy statistics. Given the fact that the Bank of England has been and says it continues to be willing to print thin-air money (at the last count over 30% of UK government debt is now held by the BoE) and bearing in mind Kaimu’s evidence of what the Yanks are doing to the dollar, I have developed a contrarian view which might be the real Black Swan lurking over this side of the pond.

      I think one of the strongest currencies in the world might turn out to be the Euro.

      The ECB says it won’t do conventional QE: http://www.ecb.europa.eu/press/key/date/2011/html/

      I don’t think that the Euro is going to disappear. I don’t think that the European Union is going to disappear. The corner stone of the edifice is going to be the ECB. I also think that the way out from the impasse will be sovereign default. This will destroy the banks but new banks will rise from the wreckage. There will be a period of dislocation but when the dust clears the ECB, the Euro, and the EU will still be there.

      It’s actually quite easy to envisage a world in which many large European countries have announced that they are “deferring” repayment of large chunks of their debt, and possibly even deferring interest payments ‘due to the current emergency situation’, but where the actual currency remains intact. If I am right, in a world where other currencies are being devalued by thin-air money printing, the Euro might take the place of the Swiss Franc as a safe haven!

      I find it much easier to see a path to this outcome than to one where the Lira, Peseta, French Franc, etc. come back. (Not so sure about the drachma).

      Anyway, we’ll know whether I am right within a year. The current situation can’t be sustained much longer.

      • "It's actually quite easy to envisage a world in which many... [#100971]
        By: Vadym Graifer (4341 comments) Go to top ↑

        “It’s actually quite easy to envisage a world in which many large European countries have announced that they are “deferring” repayment of large chunks of their debt, and possibly even deferring interest payments ‘due to the current emergency situation’, but where the actual currency remains intact.”

        Problem with that scenario is that when they do that the financing stops, as no one is going to buy new bonds when countries renege on old ones… and we are back to necessity to print. The absence of natural “bridge” between maturing bonds and new ones creates this gap in financing that has to be filled by either someone else’s lending (thus hysterical search for a lender of a last resort) or by newly minted money.

        If it were that easy to get out of debt without printing and without another bout of borrowing, why would there even be a crisis… :)

  23. ... [#100964]
    By: dberryclan (687 comments) Go to top ↑
    • dberryclan, "Should the Fed save Europe from... [#100967]
      By: Grym (5469 comments) Go to top ↑

      dberryclan,

      “Should the Fed save Europe from disaster?”

      At the risk of seeming heartless, I vote NO! But what makes our match sticks worth more than the European ones? This game of “Let’s Pretend” is getting tedious.

      Grym

      P.S. My wife says Ben can’t hear my comments when he is on TV.
      So far it appears she knows what she’s talking about.

  24. pressure on FDA aout the ever growing ( no pun intended ... [#100969]
    By: baz22 (2875 comments) Go to top ↑

    pressure on FDA aout the ever growing ( no pun intended ) obesity/diabetes problem in America. Fasanating program this weekend on ‘ The People’s Pharmacy ‘ about the bodys’ receptors concerning fructose breakdown. Estimates are that 10% of the Global population will develope Type II diabetes by 2020. Now may be the time to get long on a couple of the past rejects. I have started just such a position on my old heartbreak, as their 10,000 subject, heart-rate test will give some glimpses next year.

    • Baz I think "Sugar the bitter truth" has been posted here... [#100972]
      By: barry (250 comments) Go to top ↑

      Baz

      I think “Sugar the bitter truth” has been posted here some time ago, but it is an interesting and informative lecture on the problems with fructose if you have not seen it.

      http://www.youtube.com/watch?v=dBnniua6-oM

      • Baz, "Sugar the bitter truth" changed my life after viewing... [#100973]
        By: Telestar3d (636 comments) Go to top ↑

        Baz, “Sugar the bitter truth” changed my life after viewing that lecture.

        A book I’m reading now is “Why we get Fat” by Gary Taubes. This book points to insulin as the culprit. With respect to both pieces of research it all comes down to sugar and carbohydrates which needs to be eliminated from one’s diet.

        After Sugar the bitter truth, I cut out all sugar and carbs and lost 50 LBS in nine months. Started eating carbs and suger again and gained twenty pounds.

        Now I’m transistioning back to no carbs and sugar and feel much better. I have a few friends who have diabetes and I see how it degrades their lives. I’m willing to make the change for a better life.

        To any diabetic out there, change your diet, change your life. Good Luck.

  25. ... [#100970]
    By: California Kid (278 comments) Go to top ↑
    • These revelations have to be explosive news. Makes the well... [#100975]
      By: Illini (672 comments) Go to top ↑

      These revelations have to be explosive news. Makes the well known TARP look like child’s play. Michael Bloomberg is a Wall Street accomplice so why did he allow the Freedom of Information Act request in the first place? And what names and events did he leave out or gloss over in this report?

      The total amount of money is astounding but the headline keys in on a measly (comparatively) $13 large in extra profits gained through low borrowing rates from the Fed: ” Secret Fed Loans Gave Banks $13 Billion”.

    • Thanks for posting that. The scale of deceit is remarkable... [#100979]
      By: Grateful (26 comments) Go to top ↑

      Thanks for posting that. The scale of deceit is remarkable. This should get traction and add fuel to the fire – simply amazing.

  26. ... surely has weird sense of... [#100974]
    By: Vadym Graifer (4341 comments) Go to top ↑

    … surely has weird sense of humor:

    http://dealbook.nytimes.com/2011/11/28/connecticut

    • Maybe the guy/gal upstairs just roll the dice sometimes... [#100977]
      By: Illini (672 comments) Go to top ↑

      Maybe the guy/gal upstairs just roll the dice sometimes, contrary to Einstein’s remark regarding quantum physics theory.

      • Hot damn..We're WINNING! I sincerely hope that the... [#100982]
        By: Ilya (572 comments) Go to top ↑

        Hot damn..We’re WINNING!

        I sincerely hope that the charitable contributions to the Conn. needy will not exceed 1% of their pot.

        This 99% vs. 1% statistical charade makes good press and a really stupid slogan to rally around BUT using income as the standard completely dismisses net worth. I know guys that were in the 1% last year but still have a negative net worth. I know guys that paid minimal taxes on scant income and are ‘worth’ $20,000,000. The former live high on the hog and the latter prudently ‘mine’ their balance sheets. The devils in the details.

        A silly excercise to be sure but let’s confiscate de jure the total net worth of the Forbes 400 and apply all the monies against our current annual government deficit. How many months would we be in surplus, in the green? You figure it out but not many!

        Divide and conquer has been the journalists and politicians weapon since long before Lord Northcliff! Our problem, dear friends is our governments of dunces.

        I love a good conspiracy theory. My favorite was the attack on England in 1066 when the forces of Harold Hardata attacked Yorkshire in the north whilst his cousin and my Norman ancester William attacked Hastings. It didn’t go as planned ( communications problems and weather delays ) but if you run a Saxon army north and then again to the south, they become tuckered out and lose.

        I only observe that the Grand Conspiracy of the CFR and other ONE WORLD masters is………losing! WALL sTREET, yes with a small ‘s’ is shrinking and will continue for another 10 years or more. Where is the danger from a bunch of rabid skunks forcibly retired? As history shows, that wealth will be pissed away within 2 generations..

        The aristocracy of the moneybag is in full retreat. They have burned their bridges but I can only hope they are not allowed to burn ours!

        Politicians are different polecats with ever changing stripes. They turn over too slowly. A clean sweep will require a constitutional convention.

        Give me ONE good reason that we shouldn’t be collecting signatures in every state to Command this do-over which is allowed by hallowed statute???

        Civil equality rests in the courts. Social equity and income equality is a dream of the masses. The hod carrier wants to be equal to the mason. The mason wants to be equal to the foreman. The foreman wants to be equal to the builder. The builder wants to be equal to the architect. The architect wants to be equal to the burgher and the burgher has aspirations to be King. Oh, and the King wants to dispense the justice of God.

        Each and every one of us wants to be equal……. to his superior.

        There is a sense or terror in the marbled dining halls of the international brotherhood of Banksters. They will continue to print. Real assets will rise in funny money currency and if you can source income on your assets, then leverage them with ridiculusly cheap debt and pray that ‘they’ don’t change the rules………again!

        The downcycle of debt destruction has always been mutually difficult. Debtors fear the scarlet letter FICO stamp and bankers abhore charging off against their capital. At last, once debts are marked to reality we can then again begin…again.

        Cycles can only be broken by force or time. Time is better. Force can be bloody with doubtful outcomes.

        My modest diatribe on a profitable monday which on a ten year chart will look like a mosquito bite on an elephant’s ass……

  27. I may not be very good at math, but as far as I can see the... [#100978]
    By: Vadym Graifer (4341 comments) Go to top ↑

    I may not be very good at math, but as far as I can see the math below just doesn’t work (read the text and then look at the note underneath):

    (IT) Italy needs to grow at a faster rate in order to limit increases in its debt burden
    - If 4% borrowing costs are assumed for Italy with a 120% debt/GDP ratio, the country needs to grow at close to 5% in order to not increase its debt burden.
    - At current market borrowing costs of about 7%, Italy would need to grow by 8.4% in order to avoid raising its debt levels.

    **Note: According to the OECD, Italy’s economy is expected to grow by 0.7% in 2011 and contract by 0.5% in 2012.

  28. These guys know what they are talking about. No hope for... [#100981]
    By: westcoaster (1130 comments) Go to top ↑

    These guys know what they are talking about. No hope for Euro.
    http://www.bloomberg.com/news/2011-11-28/the-euro-

  29. ... [#100984]
    By: Les (7233 comments) Go to top ↑
  30. gap and stall - if you are long you are not in the game and... [#100985]
    By: Les (7233 comments) Go to top ↑

    gap and stall – if you are long you are not in the game and if you are short, depending on your stop, you are scrambling to cover.

    TLT profited those quick and nimble. Jump on 119, jump off 121. Yet SPY’s finish strongly suggests that the market wants up.

    XLY:XLP weekly – I wasn’t writing off the rising trend line serving as support. It appears to holding.

    $silver:$gold weekly – a possible DB with bullish RSI divergence. Something to watch. I see the powers that be are trying to squash silver futures prices pre-market in Europe. I wouldn’t be surprised if it rips higher today if indexes remain green and dollar weak.

    $TNX daily – yield pops up and over 8MA resistance. Can it consolidate and continue higher, pushing bond prices lower? Again, watching the action throughout the week will determine whether TLT is topping here or setting up a trap for the shorts.

    The news out of Europe hasn’t changed, but the market has decided to ignore it for the moment. How long that lasts…?

  31. Don't take this to the bank, but the following analyst... [#100987]
    By: Les (7233 comments) Go to top ↑

    Don’t take this to the bank, but the following analyst notes that a cluster of unfilled +/-1% gaps (such as yesterday’s session) within a 3 month period has proven to be major bottoms, using historical examples since 1982. Dated earlier in the month, but the the application has potential if the last two weeks turns out to be a bear trap. Food for thought.

    http://www.sentimentrader.com/comments/20111115_ga

  32. Just received this in my e-mail. Also shows which... [#101028]
    By: George (619 comments) Go to top ↑

    Just received this in my e-mail. Also shows which institutions have sold out under the 5 tab.

    http://www.nasdaq.com/symbol/svm/institutional-hol