Michaelson
We Are Not Alone
In a move US Homeland Security would be proud of, their Canadian counterparts arrested a Moroccan-born Muslim businessman on terrorism charges after they intercepted a text message in which he instructed his co-conspirators salespeople to “blow away” the competition. The only held him three days. at 09:28
NYTimes Obituary
Roger Boisjoly, 73, Dies - Warned of Shuttle Danger
Six months before the space shuttle Challenger exploded over Florida on Jan. 28, 1986, Roger Boisjoly wrote a portentous memo. He warned that if the weather was too cold, seals connecting sections of the shuttle’s huge rocket boosters could fail. \\ Thiokol cut him off from space work, and he was shunned by colleagues and managers. A former friend warned him, “If you wreck this company, I’m going to put my kids on your doorstep,” Mr. Boisjoly told The Los Angeles Times in 1987. at 07:31
PrudentBear
Bubbling risk markets provide a powerful incentive that forces all to hop aboard
Increasingly, it’s a marketplace where everyone is being forced to become a trader with a short-term performance and trend-following focus. Attention to risk is proving too excruciating. For this phase of a historic Bubble cycle, it has been more a case of the Federal Reserve inciting rather than just accommodating Bubble Dynamics.
The NYSE Financial Index is already up 13.6% year-to-date
Bank of America has gained 41%, Citigroup 27%, and JPMorgan 15%. Morgan Stanley and Goldman Sachs have jumped 34% and 30%, respectively. The S&P500 Homebuilding index has a 2012 gain of 20.9%. The Morgan Stanley Cyclical index is up 16.0%. The small cap Russell 2000 has gained 12.2% and the S&P400 MidCap Index has jumped 10.5%. The Morgan Stanley High Tech index is already up 14.0%, and the Nasdaq100 closed today at the highest level since early-2001.
The use of lower-rated debt in a key US funding market has returned to pre-crisis levels | FT
fuelling fears that the so-called shadow banking system is becoming riskier. A study by Fitch Ratings says the proportion of bundled debt being used as security in repo transactions has returned to pre-crisis levels. at 07:10
Number of the Week | WSJ
Super Bowl Ads Cost 3 Cents Per Viewer - $0.03 at 06:49
Calculated Risk
Employment: The "Not in Labor Force" actually declined in January
With the 2010 population controls, the "not in labor force" appeared to have increased by 1.2 million in January, and the working age population jumped 1.7 million. That didn't happen last month; the numbers changed because of the new population estimate. This does suggests there are 1.2 million more people out of the labor force than we originally thought, but that is because the working age population is larger than previously estimated. at 04:00
Debka
Americans talk about an Israeli strike on Iran, but prepare own offensive
US Secretary of State Leon Panetta has been outspoken about a possible Israeli offensive being launched against Iran from April, but has not leveled about massive US war preparations. The question is no longer if armed hostilities are afoot, but when. Tehran too is gearing up with a new three-week "exercise" and calling allies to the flag, including Syria. There, the appalling bloodbath has reached a scale – 350 Saturday, Feb. 4 alone – which potentially rivals nuclear Iran as the trigger for a Middle East confrontation. at 00:01
Sábado Cerro de las Armas Uruguay Satellite
The heavy morning fog is a good sign for us because it means there is moisture in the ground and the drought is ending. Fog occurs when the difference between the temperature and dew point is less than 4F or 2.5C. at 00:00
Oil Chart
Oil closed at $97.84
Remaining below its 50-day average of $99.09 at 22:00
Copper Chart
Copper continues its comeback with the 50-day MA above the 100-day. at 22:00
S&P Russell 2000
Golden Cross Watch
The Russell 2000 50-day should cross the 200-day moving average soon. The index is up 37% from its Oct 3 nadir, outperforming the S&P by 15% in the same time frame. at 21:45
Antiwar.com
Feds: Interest in Privacy a Terrorism 'Indicator' at 21:00
Sovereign Man
Anytime you perform a Google search, it’s logged.
Your computer’s IP address and cookie (unique identifiers that can essentially pinpoint you and your location) are also included, so your computer’s entire search history is archived. When you receive an email through Gmail, or a voicemail on the Google Voice service, it’s archived on their servers. Even if you delete the messages, there’s still a copy on Google’s servers. The marginal cost of digital storage is so ridiculously cheap that they have little reason to delete this data. at 01:04
CALENDAR Econoday Forex Crunch Stone & McCarthy Wrightson Any Date Time
Monday, 2/6
No major economic data on calendar
Tuesday, 2/7
10:00 JOLTS
10:00 IBD/TIPP economic optimism
13:00 3Y note auction
15:00 Consumer credit
Wednesday, 2/7
No major indicators
Thursday, Feb 09
08:30 Initial Jobless Claims 371K 367K
10:00 Wholesale Inventories (Dec) 0.4%
Feb 10
08:30 Trade Balance (Dec) $-48.20B
09:55 UMich sentiment 74.3
14:00 Monthly Budget Statement -65.20B at 00:02
Contact William Kidder
E-mail: wkidder42@gmail.com
Worldwide Phone and Voicemail: 646-257-2130 (NYC number that connects to my computer)
Uruguay Phone From USA: 011 598 4520-4207
Buenos Aires Phone From USA: 011 54 11 4775-9770
USA Mail: P.O. Box 1847, NY, NY 10150-1847
Uruguay Mail: Casilla de Correo 39.315, CP 70000 Colonia del Sacramento, UY at 23:23
|