Democracy couldn't possibly work, could it? Obama and Merkel have been reviewing episodes of "24" all night long in order to prepare a response. "It's rigged" cries McCain.
Futures are up in general markets, and all metals, except silver, are up (of course!)
AAPL may have "high margins" but it's still a retail shop with inventory and all the traditional baggage of a real world industry. It's PE is a result of 600 years of scrutiny on that kind of venture, and a miracle.
AMZN sells in the virtual world but must maintain some inventory--it's PE is nutso circa 2000 when go go firms made the Nasdaq 5400.
Goog's a vitual company selling clicks and barter, not bricks and mortar, and sells an "inventory" that is mostly naughts and oh's "cost free" or close to it. PE 30 is 1/10th what firms that sell "air" and "rights" and now "clicks" are worth--PE's those firm usually approach those of trademark companies--up to about 600 PE.
PE arguments with GOOG are therefore ridiculous.
After George Carlin, who left us much too soon.
After George Carlin, who left us way too soon.
Crimeans voting 95% to go back to Russia, can we get McCain to shut up, and get back to fraudulent business economic statistics, and trash the American market the old fashioned way? UUUUUUUUUUUUUURRN IT!
...and no matter how much McCain bleats and pharts, 95% of the voting Crimean public want the Crimea to go back to the Russkies. Right wrong or indifferent, that's not a majority, that's about everybody--the next step ought to be a hearty ESS-TEA-EFF-YUUU to McCain and the other folks longing for the '80's.
Process rules, referendum's play, and the investor lemmings are getting into running shoes Monday. Look what replaced the idiotic Greek teeet on a boarhog and this week's excuse.
Why are the Russians invading the Ukraine? because it is cold in Moscow, and warmer in the Ukraine.
See? "Baby it's cold outside" works for US economic drudgery this past ninety days, why shouldn't it work for Pukin?
Hopefully, that song is a hit-------------with a silver bullet-------------
CRIMEA RIVER, CRIMEA RIVER, I CRIED A RIVER OVER YOUuuuuuuuuuuuuuuuuuuuu.
Let's see, with the time difference of about 6 hours later, so the polls should close mid afternoon east coast time, and be tallied by wee hours Monday. I am all aquiver.
The big vote on Ukraine future Sunday (Saturday wee hours for those of us in the USA) will tell us which direction the markets go Monday on. If they vote to be annexed by Russia, useless, we have a problem. If they vote to stay with the whooping Ukraines, the Russians haven't a mandate to be in country, we have a problem. Are you seeing the trend here, or did the market Friday not tell you something?
Markets don't like those kinds of problems because traditionally retail investors haven't brains enough to figure out whether natural gas issues that MIGHT happen in the Ukraine have any effect on GOOGLE clicks and ad revenue, they just panic like lemmings and listen to technical weenies that describe what the herd is doing, as if what the herd is doing dictates the herd's next steps through the looking glass--it all becomes self fulfilling dreck as winners are sold along with "losers", and the whole thing collapses like a House of Cards, without Kevin Spacey.
Nasdreck , S and P off 2 and 1.3% respectively last week, now it's time for lousy housing related numbers to crash into the FOMC wanton desire to bring an end to a party over May 2013 when Bernookie was YELLEN, bye bye bonds. Think last week a roller coaster ride? wait till Sunday's Ukraine vote hits Monday's market. Heads I win, tails you lose: voting for Russian annexation runs into problems, voting to stay with the whooping Ukraines, runs into a Russian intervention problems. No wonder Friday last everybody left.
Traders are so jumpy they like silver and gold all over again. Monday afternoon, hits keep coming, housing sags all the way to FOMC decision 19 Mar, ("just kidding about 6.5%")--to more housing ughs 20 Mar. GLTA. Dramamine futures are up.
Date Time (ET) Statistic For Actual Briefing Forecast Market Expects Prior Revised From
Mar 17 8:30 AM Empire Manufacturing Mar - 2.0 5.4 4.5 -
Mar 17 9:00 AM Net Long-Term TIC Flows Jan - NA NA -$45.9B -
Mar 17 9:15 AM Capacity Utilization Feb - NA NA 78.5% -
Mar 17 9:15 AM Industrial Production Feb - -0.1% 0.1% -0.3% -
Mar 17 9:15 AM Capacity Utilization Feb - 78.4% 78.5% 78.5% -
Mar 17 10:00 AM NAHB Housing Market Index Mar - 50 50 46 -
Mar 18 8:30 AM Housing Starts Feb - 875K 915K 880K -
Mar 18 8:30 AM Building Permits Feb - 945K 955K 937K -
Mar 18 8:30 AM CPI Feb - 0.2% 0.2% 0.1% -
Mar 18 8:30 AM Core CPI Feb - 0.1% 0.1% 0.1% -
Mar 19 7:00 AM MBA Mortgage Index 03/15 - NA NA -2.1% -
Mar 19 8:30 AM Current Account Balance Q4 - -$88.0B -$87.6B -$94.8B -
Mar 19 10:30 AM Crude Inventories 03/15 - NA NA 6.180M -
Mar 19 2:00 PM FOMC Rate Decision Mar - 0.25% 0.25% 0.25% -
Mar 20 8:30 AM Initial Claims 03/15 - 330K 330K 315K -
Mar 20 8:30 AM Continuing Claims 03/08 - 2900K 2883K 2855K -
Mar 20 10:00 AM Existing Home Sales Feb - 4.55M 4.60M 4.62M -
Mar 20 10:00 AM Philadelphia Fed Mar - 2.0 2.0 -6.3 -
Mar 20 10:00 AM Leading Indicators Feb - 0.2% 0.3% 0.3% -
Mar 20 10:30 AM Natural Gas Inventories 03/15 - NA NA -195
Weekly, Monthly, mini's, every five bucks up or down, they take forever to load on my scottrade account. Probably why yahoo gave up. Zillions of puts and calls.
Looks like China and Pukin's Russian invasion of Gabbogglestan take the cake, as stocks totally independent of that nonsense dive along with the rest--but not SLW which is running counterpoint to the POS--I mean take GOOG for example, which has no relations whatsoever to the nonsense overseas--it kicked back 1.5% for no reason whatsoever.
(Don't worry about the Russian invasion, Merkel has categorized Pukin's invasion as "catastrophic"---woo-hoohoohoo--that ought to have him quaking in his borscht. Meanwhile, back at the ranch, 14 March PPI will be meaningless, and the one Michigan sentiment (I wish I lived in Hawaii and not Michigan, brrrr, it's COLD here) will also be overshadowed as we wait with baited feted breath for the Sunday vote as to whether Gabbogglestan goes Russian or stays with the whooping Ukraines--which used to be an endangered species as you know.
Next week the FOMC foams at the mouth, supposedly walking away from numerical goals like 6.5% unemployment, to more esoteric concerns--like, the fact that most of the jobs created wouldn't make summer between semester make work for drunk teenies.-- Quality not quantity will allow them to keep the fires of printing presses going indefinitely--but, smart as that might appear to some--tapering will continue to punch more holes in the concrete stock balloon, without Pukin's help.
All the pundits are out touting a 15% year for the S and P. More days like today 13 March, which way will be problematic.
to me of course. What dolts.
By issuing shares with no voting rights, half your vote is being taken away from you. Period. If you expect a huge runup when the shares are "only" $600. never underestimate the stupidity of the investor.