Archive for March, 2011

A Week Off

I am taking a break from the markets. Posting will be sporadic at best in the next week .

Good luck with your trading! I’ll be back with first days of April.

Video Of The Day – Bloomberg’s Jaroslovsky Reviews Nintendo 3-D Game Player

Bloomberg’s Rich Jaroslovsky reviews Nintendo’s new 3-D game player. The $250 Nintendo 3DS, which goes on sale in Europe today and the U.S. March 27 is the successor to Nintendo’s DS player. It’s the first mass-market gadget to feature autoscopic 3-D, a three-dimensional display that can be viewed without the need to wear special lenses.

ECRI Weekly Leading Index Up 6.5%

ECRI Weekly Leading Index for week ending March 18, 2011 was reported up 6.5% y-o-y. Prior reading was at 7.1%.

Topping out…

U.S. Freight Carloads Weekly – March 25, 2011

U.S. railroads originated 393,772 carloads, up 2.1% compared with the same week in 2010 and down 3.1% compared with 5-year average. Week over week change was 0.6%.

Daily Reading – Friday, March, 2011

*** The Big Picture: Save the Date: Ben to Hold Regular Pressers ***
*** FT Alphaville: John Kemp dismantles the commodities vs global demand chart ***
*** FT BeyondBRICs: Fund flows: Investors not so hot on EM ***
*** FT Alphaville: Dear RepoClear Member, Re: Portugal ***
*** FT Alphaville: To value a caja, correctly ***
*** FT Alphaville: So long, Saleh ***
*** Seth’s Blog: The triumph of coal marketing ***
*** Foreign Policy: The paintings of Saif al-Qaddafi ***

March University of Michigan Consumer Sentiment Final Reading At 67.5

March University of Michigan Consumer Sentiment final reading was reported at 67.5 vs. 68.0 consensus, 68.2 prior reading and 77.5 February reading.

U.S. GDP Growth in Q4 2010 Revised to 3.1%

U.S. GDP growth for Q4 was revised from 2.8% to 3.1%; consensus was at 3.0%. Q2 reading was at +2.6%.

Daily Reading – Thursday, March 24, 2011

*** The Slope Of Hope: Precious Metals Rocket Ship ***
*** Harvey Organ’s Daily: Silver advances past $37.00/Premium interday on Sprott silver surpasses 23%***
***JESSE’S CAFÉ AMÉRICAIN: Meanwhile In the US: It’s Raining Pennies From Heaven ***
***Visualizing Economics: Real vs Nominal Housing Prices: United States 1890-2010 ***
***FT BeyondBRICs: Technology supply chain: still surviving ***
***FT Alphaville: Charts du jour, European bond yields ***
***FT Alphaville: Calculating the size of a Portugal rescue ***
***FT Alphaville: Plummeting in Iberia ***
***FT Alphaville: Bond buyback irony in Europe ***
***Macro Man: Euro Vinegarette ***
***Economics of Contempt: Goldman, the Volcker Rule, and Principal Investing ***

U.S. Durable Goods New Orders Fell 0.9% In February

Durable goods new orders fell 0.9% in February vs. 1.2% consensus and 3.6% revised rise in January (revised upwards from +2.7%).

U.S. Initial Jobless Claims At 382.000; Down 5.000

Initial jobless claims in the U.S. were reported at 382.000 vs. 383.000 consensus and last week revised (up 2.000) reading of 387.000.

Four weeks moving unchanged.

U.S. Petroleum Weekly – March 24, 2011

I was wrong on the assumption that West will let Gaddafi win the war in Libya. U.N. approved military intervention will keep the Libyan oil out of the markets for longer then previously thought. This is positive for crude oil price.

Concerning Japan it is reasonable to assume increased derivatives demand, also positive for oil price.

In the U.S. the gasoline draw is looking quite impressive (although it is not demand driven, rather a product of refiner discipline). This could help clear Cushing stockpile glut and close the WTI – Brent pricing gap.

Video Of The Day – CNBC – Barry Ritholtz: Market Topping Out?

Any time the market is up 100 percent in two years, there tends to be a large correction, says Barry Ritholtz, FusionIQ. Ritholtz has 30 percent of his portfolio in long positions, and one of them is Dell. He explains why. Also, Pops & Drops.

U.S. New Home Sales Fell 16.9% In February

U.S. new home sales fell 16.9% to 250.000 SAAR; Consensus was at 290.000 SAAR, prior reading (revised upward 16.000) was at 301.000 SAAR.

Lowest reading on record.

Morning Reading – Wednesday, March 23, 2011

*** FT Alphaville: Has global economic growth peaked? ***
*** FT Alphaville: ‘The Central Bank of Benghazi’ ***
*** FT Alphaville: Egypt reopens for business ***
*** FT Alphaville: Yemen matters ***
*** The Oil And The Glory: Back to Saudi’s fault lines ***
*** The Big Picture: Should You Buy a Home? Looking (Again) at Housing ***
*** self-evident: ESM / EFSF: An Inverted Capital Structure ***

Video Of The Day – CNBC: China Showing Signs of Slowdown

John Tang, China strategist at UBS, explains why he foresees a significant slowdown in Chinese growth over the second quarter.


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