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Healthcare the leading 3 month sector and it appears that ELN is the best moving Billion dollar market cap stock
The Top Average Grossing Movie Actress: Emma Watson at $257.4 Million per movie
The Top Grossing Movie Actor: Tom Hanks at $3.977 Billion or roughly 4 Billion ( this does not include foreign receipts )
The Hardest Working Movie Actor: Robert Deniro 63 Films
The Actress in the Superbowl ie the highest grossing film: Sigourney Weaver of Avatar at $2.782 Billion dollars domestic + foreign.
The Top Grossing Actress: Cameron Diaz @ $2.664 Billion domestic only
The Most Current Top Actor: Johnny Depp for Pirates of the Caribbean on Stranger Tides @ $956.79 Million domestic + foreign.. has an average film gross of $77.5 Million. So you could say the whole Pirates of the Caribbean theme is slightly above average ok WELL ABOVE AVERAGE, hehe.
BRUINS WIN, how often do you see a Stanley CUP , wowzer.
39 Years ago the last time. Man o Man. 1972 The start of it all.
OMX or Office Max wins the award for the ugliest chart, with a STEEP decline starting Jan 2011
The IBOX is now made up of the biggest losers, put potential and
shorting is high in this market, People are not anticipating a
rising dollar which will lower prices. Discount shoppers are in
LUCK !!! haha
More USD dropping and more rallying, feels old and fleeting though
Letting the air out of the bubble in that trade... GO USD.
Actually, the US stock market has been artificially inflated for the past couple of years by a weak dollar. Since US stocks are denominated in the USD, they're generally cheaper on the international market, and mutual funds, investment companies, etc. in Europe and Asia see them as a good deal, so they buy them up. Think about it: when the EUR was introduced, it was worth about 60% as it is now against the USD, and the Dow was around 7,000... now it's around 14,000. If we assume that the Dow is an accurate
[11:53] <UUPissues> measurement of the stock market in dollars*, then essentially it didn't go very far in almost a decade. Likewise, when the dollar gets strong, the foreign investors see this as a good opportunity to take a profit by selling all their holdings, which causes the stock market to fall. If and when the USD does make a long-term comeback against other currencies, the US stock market is going to crash, and crash hard.
Thank You Dollar gods, its a shame that the markets have to go down with the dollars success but its more important to gain some financial stability here.
And happy weekend to the Lotto Board.
Google guitarworks interesting and worth doing
More Get Real news, and snap out of greediness.
The Movie Industry is on target to sell ticket quantities to match
the levels of 1985, which is 26 years back in time.
yeah its getting stickier already, on with the AC I say
Yup its not a bad morning here, cleared out some heat and humidity with some thunderstorms.
Hip Hip Hooray recovering from a Dive Bombing attack on the dollar. Would be nice to see this last for a while.
For those who wish to prove that American companies are making more money overseas than in the US here is this statement:
Regional data is not yet available - need to clean up the top level first, however, it again appears that the largest declared region is ‘Foreign Countries’ - not a lot of help. I would like to say that there are current legislative or policy proposals to require reporting, but there are not. And companies do not want to report the actual values. From an investor side, I can think of fewer things I would like more than to be able to create a matrix based on production and sales: parts made in China, assembled in Europe, and sold in the U.K., with profits translated into the U.S. dollar; fill the currency rates (and maybe a currency hedge, if available) and see the net income impact. My editorial is don’t count on it. For now, I’m using 47.0% for a holding position for foreign sales, ‘over half’ for pre-tax operating from abroad, and expecting to see the data on taxes again used in editorials and position papers, from all sides. The tentative release date for the 2010 report is July 14, 2011 - let them eat cake.
Well apparantly the second half should recover, which remains to be seen, lets see how soon that is priced into the market.
Watching the top charts in the IBOX and they are getting slammed.
Silver up 1% but not trusting it really, EUR and CHF at new highs
against the dollar but for how long ? Weekly UUP shows probably not
for very long.
Trying out Tweetdeck, interesting little pop up video style windows that come up... Not sure what I think of it but worth a try
No options on JO the coffee ETF, oh well
Next stop: Dow 20,000
By James Altucher
Jun 2, 2011 03:50:59 (ET)
NEW YORK (MarketWatch) -- The market fell like a brick on Wednesday. People can't handle any piece of bad news without saying "this is the big one." We have visceral memories of May through July 2010, just a year ago. We have visceral memories of 2008, when it seemed like no end was in sight. Nobody wants to be caught trying to catch that knife with their mouths like in a circus act. You get cut up that way, and the blood isn't pretty.
But it's not going to happen. Even God took one day to rest. The market every now and then needs a day or two to rest. Maybe even more than a day or two. But over the next 12 to 18 months I expect to see Dow 20,000 (INDU ) .
Here are some reasons:
1) QE2 has not started. WHAT? You might say? I thought not only has it started last November, it's about to end? Not true at all. Federal stimulus takes 6 to 18 months before even one dollar hits the U.S. economy in a meaningful way. So expect that $600 billion or more to start hitting toward the end of 2011.
2) Then why is the market going up? One major reason is because we are in the third administration of George W. Bush. The tax cuts got extended. This signaled that Barack Obama was going to pay lip service to his constituents while still keeping an eye on the stock market. The guy wants to get re-elected, after all.
3) Multiplier effect. Once the stimulus hits the economy, it's not just $600 billion. It's probably more like $3 trillion. How come? Because when you buy that coffee with $1 at the local deli, what does that deli guy do with it? He buys a newspaper? And then that guy buys a donut. The multiplier effect is up to 10X. To be honest, I'm more worried about a bubble in 2013 then I am worried about a economic slowdown.
4) Nonfinancial companies are at their highest cash levels ever. Almost $2 trillion dollars. They were hoarding the cash just in case bad times were going to happen again. Guess what? They didn't. But what good is that? Well...
5) They are spending it. Stock buy-backs are at their highest levels in history. Let me tell you the rule of every market on the planet that we learned in Economics 101: Price is ruled by supply and demand. Demand has been down for the past two years. But that's OK, supply is now going to start going down right when demand picks up. $2 trillion is a lot of supply of shares to scoop up.
6) What about unemployment? Well, according to the Bureau of Labor Statistics, temp workers are at levels not seen since before 2009. Companies hire temp workers first before they hire full-time workers. That happens in every recession in history.
7) Corporate profits are at their highest levels ever. Did you know this is the first recession in history where cash levels in corporate America increased quarter-over-quarter every single quarter of the recession? And now profits are at their highest ever. Analysts expect S&P 500 earnings to come in at $95 next year. What if (as usual) they are too conservative and the number comes in at $100. Slap in a 20x multiple (could happen when the stimulus kicks in), and we have an S&P 500 at 2,000 and a Dow probably at 20,000.
8) Major stocks are dirt cheap. Apple (AAPL, Trade ) trades for 12 times forward earnings and has $65 billion in cash and no debt in the bank. Microsoft (MSFT, Trade ) trades for around 10 times forward earnings. Intel (INTC, Trade ) trades for around 8 times forward earnings. These are high market-cap companies. By the way, all the major indices are market-cap weighted. So if the big guys go up, the indices go up. All of these big guys can easily double or triple.
9) Innovation. Barely a year ago the iPad came out. Now what's the number of people who have iPads? 20 million? 10 Read 10 Unusual Things I Didn't Know About Steve Jobs.
10) Major demographic changes are occurring that are going to affect stocks for the next 25 years. What are they? Check my article here next week. Or, perhaps more importantly, follow me on twitter where I engage in ongoing discussions on these things. Follow me!
The fight never stops between the bulls and the bears. Last summer was personally grueling for me. The market was falling on worries of Greece, an economy the size of Rhode Island, and every day it seemed a new blogger was using this as an excuse to write a blog specifically trashing me. It's usually a bad idea to personally attack someone to get your point across. It's never really necessary, and it's lazy and bad writing. And yet, my kids would Google their last name, and there would be post after post insulting me personally for my opinions.
The market is up some 25% since then. My feeling for the next year is similar: BRING IT ON.
Markets dont look all that bad today
Direct feeds from the companies IR departments sounds a little better.
Thanks for the recommend sounds good.
I agree stocktwits seems to be a little cleaner thanks
On second thought skip the chat since the members seem to be a bit savvy with our accounts if you know what I mean.
Not PROFITABLE. hehe
Denmark announces a recession so the currency ETF for this is the
nordic etf. The GXF so far not showing a drop
Apple is nice support its moving well now
Apple one week calls only have 3 days left in them, could be interesting.
Yessiree bob, good to chat again, been swimming with the sharks in
the markets the whole time which keeps you busy. Looks like Silver
& Gold are not dead yet.
What a week in the FXF calls, in July calls the FXF has produced a double in one week. amazing stuff, 4 point move.
Yup took a whomping on the UUP but am thinking about short term
calls in the FXF, and will stay away from the euro and dollar since
they are so choppy, but frankly I was hoping for a spike in the UUP
since it is getting so desperate looking. I called a rebound in
the UUP that is not materializing and the FXF had an awesome week.
Unless I am blind I detect a top in the Euro Index in the monthly chart:
http://www.finviz.com/chart.ashx?t=FXE&ty=c&ta=0&p=m&s=l
could be dollar positive but may not be due to the wicked success of the FXF or the Swiss Franc in the monthly:
http://www.finviz.com/quote.ashx?t=FXF&ty=c&ta=0&p=m
Swiss Franc Monthly is what shows all currencies being left in the dust:
http://www.finviz.com/quote.ashx?t=FXF&ty=c&ta=0&p=m
No more SWISS MISSES for the USD, gooo dollar, we need some damage control
FULL FRONTAL attack on the FXE, for the USD one can only hope for a bit of a recovery here.
The FXF was the ticker to watch over the last year, Swiss Francs the destructor of the Euro, the Dollar.
Missed out on the winners this week but they are SIRI, SLV, FXF, NFLX, MCP, and AVL.....
UUP a freaking disaster, send in the recovery squad to help this index. One can only hope.
MRVL pop but its too late for that trade.
The FXF and not the FXE is really the index to be watching.
for the last 11 months it has skyrocketed, its time for it to top out here.
A little late to the party I am affraid.
The master trade for the last 11 months is to short the USD/CHF currency pair. UGLY but it worked for those trades.