Market News

[Sensei]

EU Wins Nobel Peace Prize - WSJ.com

The European Union has been awarded the 2012 Nobel Peace Prize in a nod to the 27-member bloc's "advancement of peace and reconciliation," and to applaud its solidarity as it continues to work to contain the debt crisis hanging over the euro zone.

Yes, the EU has had such a calming effect on the world's financial markets over the last couple of years. This is very appropriate. Forget Aung San Suu Kyi enduring a prison sentence and peacefully setting a democratic movement into motion in Myanmar. That's nothing. (She won it in '91, so I guess it's once in a lifetime.)

 

[Warrenlm]

It's anticipatory. Soon the oceans will calm and peace will be throughout the realm. Sweden is such a nice place to visit, too. Gamla Stan....Ulla Winblad....oh well.

 

[weatherweenie]

U.S. producer prices rose more than expected in September as the cost of energy surged, a government report showed on Friday, but underlying inflation pressures were muted.

 

[alevin]

At the earlier stages of processing, prices received by manufacturers of intermediate goods rose 1.5 percent in September, and the crude goods index advanced 2.8 percent.

[also from the BLS report].

KD did the math: 1.5% annualized = 20% price increase, annualized, for intermediate goods. Those increases will show up in finished goods prices fairly soon. inflationary pressures muted? really? Not poking at you, WW, it's the BLS' interpretation that leaves me breathless at times.

 

[Warrenlm]

As Zero Hedge pointed out, all is well as long as one does not drive or eat. Producer Price Inflation Higher On Spiking Food And Energy; Those Who Don't Eat Or Drive See No Price Increase | ZeroHedge

 

[Khotso]

I think their servers are getting stressed. Just in case, here's some of it....

"This is just getting stupid. After expectations of a rebound in initial claims from 367K last week (naturally revised higher to 369K), to 370K (with the lowest of all sellside expectations at 355K), the past week mysteriously, yet so very unsurprisingly in the aftermath of the fudged BLS unemployment number, saw claims tumble to a number that is so ridiculous not even CNBC's Steve Liesman bothered defending it, or 339K. Ironically, not even the Labor Department is defending it: it said that "one large state didn't report some quarterly figures." Great, but what was reported was a headline grabbing number that is just stunning for reelection purposes. This was the lowest number since 2008. The only point to have this print? For 2-3 bulletin talking points at the Vice Presidential debate tonight. Everything else is now noise.?

Data Massaging Continues: Initial Claims Tumble To 339K Lowest Since 2008, Far Below Lowest Expectation | ZeroHedge

Sorry, the latest news is that CA did report its UI data in full, on time 100%. The BLS spokesperson who speculated that CAs data might have been incomplete was wrong. Business Insider had a story on this this morning. Look it up.

 

[nnuut]

Sorry, the latest news is that CA did report its UI data in full, on time 100%. The BLS spokesperson who speculated that CAs data might have been incomplete was wrong. Business Insider had a story on this this morning. Look it up.

How about a link to that article?

 

[Intrepid_Timer]

Consumer sentiment up, inflation "down", unemployment down, initial claims down....................isn't life great? Well, as long as you don't ask those unemployed or living off of social security it is I guess........

 

[Warrenlm]

CIT: Vikram Pandit and his compatriot COO/Pres out immediately and permanent new CEO named. Analysts puzzled at sudden announcement with no warning in yesterday's conference call.

 

[Warrenlm]

David Walker predicted this morning that sovereign investors will be moving much more from US Treasury debt to corporate debt in the not too distant future. Is that old news?

 

[crommie]

U.S. housing starts hit four-year high at 872,000 - MarketWatch

 

[crommie]

More good news out of the EU. :nuts:

PULSE: Cost of insuring Spain debt drops to 15-month low

Greece's Samaras: Close to deal with troika - MarketWatch

With Greece and Spain both on the up swing there shouldn't be any negative EU news issues for awhile.

 

[weatherweenie]

Google drops almost 9% after the search-engine giant posted earnings and revenue that widely missed expectations. The company was scheduled to post after the closing bell.

 

[Intrepid_Timer]

Google drops almost 9% after the search-engine giant posted earnings and revenue that widely missed expectations. The company was scheduled to post after the closing bell.

Good time to announce a stock buy back in the conference call after hours?

 

[tsptalk]

I'm not sure if anyone posted this yet...

U.S. Jobless Claims Rise 46,000 on Seasonal Shift - Bloomberg

 

[Intrepid_Timer]

When do you think they will open Google for trading again?

 

[Bullitt]

Google.... Sorry, but I use adblockers to block 100% of your stupid ads.

reflecting a continued fall in advertising prices

Google panic over results bungle - FT.com

-8% in seconds.

I'd like to see the put action in the minutes leading up to the release.

 

[weatherweenie]

Amazon Reports 23-Cent Loss on $13.81 Billion Revenue vs. Estimates of 8-Cent Loss on $13.92 Billion Revenue

 

[wavecoder]

jim cramer is 0-2 so far, he said buy google, amazon, and apple. will he be 0-3 or 1-2?

reading the stocktwits feed on apple is freakin' hillarious, lotta activity.

and results are in. Apple misses as well. Not a big miss, but still can't be good for the market overall. nasdaq and s&p futures are prolly gonna be taking a dump

 

[Intrepid_Timer]

Might be a good buy opportunity if it fills the gap.