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uhhh...where is everybody ????? : (
Healthcare Stocks Mixed Near Close with Little Momentum Today for Sector
PROVIDED BY Midnight Trader - 4:01 PM 03/16/2012
Top Healthcare Stocks
JNJ -0.05%
PFE +0.07%
ABT +0.49%
MRK -0.03%
AMGN -0.81%
Healthcare stocks are mixed in late trade, with the NYSE Healthcare index gaining 0.17% while the S&P Healthcare index is down 0.14% heading into Friday's close.
In company news, Threshold Pharmaceuticals (THLD) is up just about 4% after earlier establishing a new 52-week high after European regulators has granted Orphan Drug Designation for the company's TH-302 drug candidate, a hypoxia-targeted drug for the treatment of soft tissue sarcoma.
S&P 500 Tops 1400; Investors Cheer More Solid US Economic Data
PROVIDED BY Dow Jones & Company, Inc. - 3:17 PM 03/15/2012
Stocks higher after firm economic data on U.S. labor market, manufacturing activity
--S&P 500 tops 1400 for the first time since June 2008
--Dow on pace for seventh straight gain
By Chris Dieterich and Matt Jarzemsky
OF DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Stocks rose, as the S&P 500 topped 1400 for the first time in nearly four years, after firm readings on the jobs market and manufacturing activity.
The Dow Jones Industrial Average rose 36 points, or 0.3%, to 13220, with less than an hour before Thursday's closing bell. The Dow industrials are on course for a seventh consecutive gain, the longest streak since an eight-session run ended in February.
The Standard & Poor's 500-stock index rose six points, or 0.5%, to 1402, and the Nasdaq Composite gained 12 points, or 0.4%, to 3052.
Financial and industrial stocks were the big gainers among sectors in the S&P 500. Bank of America rose 3.9% and J.P. Morgan Chase gained 2.5% to lead the blue chips. Among blue chips, Cisco Systems fell 1.3% after announcing plans to acquire NDS Group, a U.K. video software maker, in a $4 billion deal. Apple edged 0.3% lower after briefly topping $600 for the first time.
In economic data, the number of U.S. workers filing new applications for unemployment benefits fell more than expected last week. New claims are hovering at about levels last seen four years ago. Meanwhile, manufacturers from upstate New York down to Delaware are seeing better business conditions this month, according to separate reports released Thursday by Federal Reserve banks.
"You had another round of good economic data here in the U.S., [and] you're sort of in a situation where the economy is in a self-sustaining recovery," said John Canally, economist strategist at LPL Financial.
U.S. wholesale prices increased in February at the fastest pace in five months. The Producer Price Index increased a seasonally adjusted 0.4%, but producer prices were up 0.2% without energy and food components.
European markets reversed early losses and pushed higher, with the Stoxx Europe 600 up 0.3% to end with its highest close since July. The U.K.'s FTSE 100 Index, however, declined 0.1% after Fitch Ratings cuts its outlook on the U.K. to negative.
Asian bourses mostly were lower. China's Shanghai Composite fell 0.7%, but Japan's Nikkei Stock Average rose 0.7% to its highest close since July.
Crude-oil prices fell 0.1% to $105.43 a barrel, and gold added 1%, to $1659.10 a troy ounce. The dollar lost ground against the euro and yen. The yield on the 10-year Treasury note rose to 2.290%.
In other corporate news, Scholastic jumped 14% after it reported its fiscal third-quarter loss narrowed as the popularity of "The Hunger Games" series aided the children's book publisher's sales and improved margins. Scholastic also raised its full-year earnings estimate.
Guess slumped 10% as fiscal fourth-quarter revenue fell short of expectations, even as earnings were in line, and the apparel and accessories retailer provided first-quarter earnings and revenue outlooks well below projections.
Capital One Financial rose 3.4% after it said it plans to offer up to $1.25 billion of its common stock in a public sale to help fund its previously announced acquisition of HSBC's U.S. credit-card business.
Video-conferencing-technologies company Radvision advanced 4.4% after it agreed to be acquired by Avaya in a deal valued at $230 million.
Vera Bradley slid 10% after reporting fiscal fourth-quarter earnings and revenue that topped estimates, but provided a first-quarter earnings outlook that was below projections.
Winnebago Industries climbed 15% after reporting better-than-expected fiscal second-quarter revenue.
(END) Dow Jones Newswires
03-15-12 1517ET
go ahead and double down. biggest bull eva! just buy the dips and throw away the charts! this investing stuff is easy!
The most welcome sound of silence~
Is this some sort of a time warp? Can I buy AAPL now?
I'm not....just getting back to you five
years later....LOL.
mokew
He posts on http://thechartologist.com/
LG's private thread, you have to become a member to see his posts
LOL
I'm not going to comment further.
He's been gone getting some Tattoo work done!
http://people.tribe.net/f8c15364-805f-4cb2-8be9-1220d9ebbe96/photos/64cbdd08-0eb5-47d1-8664-e70e7e47c157
ajtj99 where are you, this board is drying up.
AUDIT FED ~ before America is completely enslaved.
Ron Paul on MSNBC: Audit the Federal Reserve!
Bernanke is enslaving America with debt and pumping markets.
Cash pile, abhor greed: Goldman Sach's profit was $344 billion, and set aside several billion dollars for compensation and benefits, raising speculation about fat year-end bonuses.
Could burn the cash pile in eternity.
________________
Investment Banking: Rebound Amid a Revolution
Posted By: Mark Koba | Senior Editor
CNBC.com
| 24 Jul 2009 | 05:19 PM ET
The financial crisis may have left investment banking bruised and embarrassed, but analysts say an industry comeback is on the way, even if it means competing in a dramatically different marketplace.
"I think it's in better shape than the markets perceive," says Dennis Nason, CEO of Nason and Nason, an executive placement firm for the banking industry. "Goldman [Sachs] has always been good and Merrill [now owned by Bofa] is in a lot better shape."
"What I've seen over the last six months for investment banking has been a return in the origination role and more aggressive trading," says Peter Vinella, managing director for global financial services at the consulting firm LEG. "It's a lot more than I thought I'd see coming back."
Experts point to improved market conditions for the rebound. "The government has stabilized the markets somewhat and people are out there now raising capital," Vinella says.
"There's a lot right now going on in the fixed income side," says Gilles Gade, chairman of Cross River Bank in New Jersey. "There's also more activity on the government side for the banks because of TALF [Term Asset-Backed Securities Loan Facility].
A look at second-quarter profits shows both how far banks have come and still have to go. Morgan Stanley announced a loss of $1.26 billion, but Goldman Sach's profit was $344 billion, and set aside several billion dollars for compensation and benefits, raising speculation about fat year-end bonuses.
The modern concept of investment banking was created with the Glass-Steagall Act of 1929 that barred commercial banks, investment banks and insurance companies from operating in each other's business.
Most of the industry giants that grew out of that era are gone. Those that weren't consumed by mergers or absorbed by commercial banks following the deregulation of the 1990s became casualties of the financial crisis.
Bear Sterns was snatched up by JP Morgan Chase , Merrill Lynch opted to be bought out by Bank of America and Lehman Brothers went bankrupt. That left Goldman and Morgan Stanley, which quickly sought the safety of bank-holding company status.
The turmoil of 2008 opened the door for the growth of smaller, boutique-type banking firms.
# Book Blog: Lehman Brothers: 'A Colossal Failure'
"You now have a slew of small investment banks created by former partners of big firms," says Gade. "The smaller firms are stepping in to service a lot of clientele that has gone undeserved in recent months."
"There's a tremendous flight to boutiques by bankers," says John Rogan, partner and head of global banking and market practice at executive search firm Russell Reynolds Associates. "Look at Evercore, Greenhill and Moelis. They've picked up enormous talent with the collapse of the bigger firms."
Even as boutiques grow in numbers there are still some gaps in the industry, say analysts.
"Early-stage investment banks have all but disappeared," says Leslie N. Bocskor, managing partner at Lenox Hill Partners, a consulting firm that works with small public and private companies in financing and corporate structure. "Entrepreneurs have a much more challenging time gaining access to capital."
Some industry watchers say the current downsizing means less competition.
"The bigger firms will do well, now that Merrill, Lehman and Bear are gone," says Leonard Rosenthal, a professor of business at Bentley University in suburban Boston. "And I expect that some of the newer ones will be acquired or consolidated to become large players themselves."
"I think we are witnessing a seismic shift," says Gade. "On the one hand you have the monsters reigning bigger than before and then you have these small firms. Some are good, some are not so good."
# Slideshow: The Largest IPOs in US History
While the industry mix has changed, so has the business model, says Bill Feingold, a former vice president of proprietary convertible trading at Goldman Sachs.
"Capital is far scarcer than it was a couple of years ago," says Feingold. "Investment banks are largely, but not completely, thrust back into their traditional roles of agents [connecting market buyers with sellers], not principals [selling their own products]."
Feingold explains that by returning to the agent role, investment banks don't have the burden of needing reserve capital to sell their own products.
"Big firms like Lehman and Merrill were carrying huge inventories of assets that were designed to be distributed to their clients [mutual funds, pension funds, individuals]. "This had disastrous consequences," Feingold says.
Feingold says that the clients could absorb reasonable losses from the products while many of the banks who held them, couldn't and didn't.
Experts say because of that liquidity problem, investment banks are taking less risk these days.
"The environment, in a regulatory, risk and liability fashion has changed substantially," says Bocskor. "Brokerage firms have switched from a primarily commission-based transactional business to a fee-based offloaded risk based business."
As for the future, some analysts say the restructured industry should work well for both the companies and the financial system.
"What Bofa got was a product," says Nason who has 30 years in the banking industry. "For the most part, commercial banks are sound and when they sell a mutual fund for example, they are using Merrill's distribution network to sell it. As long as they don't over leverage themselves, it should be okay."
With the crisis still fresh in the minds of legislators in Washington, more regulation is on the way. "Some are needed for transparency so investors know what they are getting into and the risks are clear," says Vinella.
Nevertheless, he is among those who say the government should tread lightly.
"If the SEC does its job as it stands, and enforces transparency laws, they can control the excess," says Mark Sunshine, president and COO of Siemens First Capital.
# Slideshow: Financial Crisis — Then and Now
And one analyst says the industry can help itself recover some lost prestige. "There can be a lot more accountability at the top of the investment banks," says Nason "They all can set some standards to follow."
But new regulations or not, experts say the industry will keep making money. "For a while, we may see less innovation when it comes to product," says Rosenthal. "But that will change over time. This has always been a resourceful and inventive business."
© 2009 CNBC.com
URL: http://www.cnbc.com/id/32045927/
nature and the markets abhor a vacuum. eom
How Goldman Sachs Pumped and Dumped the U.S. Economy
Excellent writing ~ it is good to download and to pass it on for educational purpose.
To download
http://www.scribd.com/doc/16868596/How-Goldman-Sachs-Pumped-and-Dumped-US-Economy
To read in full screen
http://www.scribd.com/full/16868596?access_key=key-k5z6qsr8uyarm9jnbi8
Jerry Olson: forever,
That would be a smart marketing move on your part. Stirring up exchanges with me or others like me that have your number, can’t be good for your subscriber trolling.
...but send my best regards to AJ why he's over there with you is beyond me...
It is obvious; there is a lot of stuff beyond you.
I can only hope it is “good bye”...
forever, but send my best regards to AJ
why he's over there with you is beyond me...
good bye and good luck
Jerry Olson: We all know that you figured out a way to make money in the markets, thus your constant trolling for new subscribers. And please make it bye bye per your pmail request last month...
paying subs LG
bye bye
Jerry Olson: The same troops that use the brokerage you recommend that allows 10X margin, but requires them all to be flat at the end of the trading day?
lol
i am not in that trade...just called it for the troops
i scalp only
tsk tsk
Jerry Olson: Didn't you ask me not to post to you ever again via pmail, after I made the post to which you just replied?
However, I looked for your trade claim and maybe there is an earlier one...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39048454
...but how could I forget your mantra...that you usually only hold trades five minutes or less and that you NEVER hold over night, you are just a scalp trader.
There are plenty more where these came from...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38881375
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37188552
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37757936
Then when one of your calls finally goes north, suddenly your holding positions over night.
Just a marketing suggestion, but maybe your trolling for subscribers would be better served if you did not post to me...
lg
did you see my TLT TBT trade????
It has been a while since the March low ~
Markets are holding up in big vacuum now.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38742264
LG right on the nose!! POT- good read!!xxC
anyone dip buy rmbs???????????
rmbs perfect bull flag here...
btw fwiw
in my newsletter i gave the troops a trade for this week
short the TBT & Long the TLT i think rates are too high...
RMBS on fire here..
rmbs & ung going
WFC another fantastic dip buy this am
yes i do a blog as well as e-mail to the troops it's under my name here...
NO
I can't access it either.
I know aj doesn't want to post at I-Hub or SI because he feels the ownership is complicit in the investigation underway.
And I have no problem with LG or his site but it is not equipped to handle a big crowd.
I hope some alternative present itself in time where folks can post in an open forum.
JMHO.
Site's been down for several hours.
no. the message board has been down for a while.
rr
Am I the only one having difficulty accessing LG's site ?
Ek
this looks and feels like sludge too slow for me
hagwe all
I will! :) I didn't read where that is were he went, or was going. Or had a link.
Thanks!
caddman
caddman
Why not go over to LG's site and ask him?
thechartologist.com
i would not be short here, it looks way too bullish
watch 955 SPX for the trigger long
Bonds rally on auction results, yield on 10-year treasury pulls back further from 4.0% level, now -0.076 at 3.860%
i would short the TBT and go long the TLT right now!
It certainly wasn't expect that AJ would just pick up and leave. I totally understand why he wanted to leave. What I don't understand is why he did not set up a board on another site, like the Fool.com (free now). Or at least say that is his intention and inform us that the move is in the works.
caddman
thanks...not much happening there
Recognizer
He is posting on LG's site.
http://thechartologist.com/
WITH LG<G>
after that spike on the futes 942.50 will be hard R for now...
on the downside 927 is the key number...
AJTJ's Market Pulse
A thread where you can come and post your charts and commentary.
Some Terms Used Here Explained:
HFTOM = Happy Family Theory of Markets. If one major index makes a new high or low, the other indices should eventually follow suit.
COTH = Close on the Highs.
COTL = Close on the Lows.
Please, no politics. Also, don't take things too seriously!
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