60 Minutes on the Explosion of Disability Enrollees

60 Minutes this past Sunday did a piece on a story that has been talked about in these pages for a long time – the rapid increase in disability enrollment since the recession half a decade ago.  It is quite remarkable that effectively 5% of the working population is now enrolled. [Apr 7, 2011: Nearly 1 in 20 Working Age Americans Are on Disability, a Doubling Versus 1990]  [Dec…

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WSJ's Hilsenrath on Janet Yellen

With the demise of Larry Summers, all eyes point to Janet Yellen as the next Federal Reserve head.  Frankly it is a bit surprising she was not the leading candidate all along.   Earlier this year, we posted a NY Times piece on the woman [Apr 25, 2013: NY Times Does Janet Yellen] from a more personal level and now we have one on the Fed whisperer himself, Jon Hilsenrath…

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The Most Overbought Point in 2013

Quite an explosive rally yesterday at the 2 PM mark, in fact about 70% of yesterday's gains came in a minute or so per Bespoke Investment; the power of algos.   Obviously the Fed, by surprising just about everyone with "no taper at all", lit another fire under the market but coming off a near vertical rally since late August it is still a bit surprising to see the…

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Apr26

In the category of random action after an earnings report, casino operator Las Vegas Sands (LVS) reported a 12 cent beat versus analysts expectations but has not been rewarded as of yet with the stock slightly off.   As long time readers know, the company name is now a misnomer as this is a global (read: Asian) influenced company with Las Vegas being a smaller and smaller piece of the business as each year passes.  Looks like Europe is up next with the next casino(s) in Spain.   Don't laugh – despite the near term awful economy, Spain – due to weather- is much like Italy a center of tourism for the continent.   This quarter even saw decent metrics out of the U.S. – a major bonus.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio.

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Apr26

Data center company Equinix (EQIX) does not receive the attention that many of the 'glamour' names in the tech space do, but it has had a strong start to the year both in stock performance and company performance.  This is one of those backdoor ways to play the growth of data and the 'cloud'.  [Feb 11, 2010: What the Heck is this Cloud Computing Thing?]  Last night the company reported an excellent quarter – 25% year over year revenue growth –  and the stock is being rewarded with a sharp move in the pre market, up some 9% to the $163s – which should take the name back to its April highs.   I am not sure why analysts had such an easy EPS estimate to beat (49 cents) when the company did 53 cents a year ago.  Full report here.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio.

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Apr25

If you are an Investors Business Daily sort of person, just a heads up that per their tweet they are switching their outlook back to "Market in Confirmed Uptrend".   They moved to "Correction" status about three weeks ago.

Ironic timing since the whole cabal of the IBD favorite stocks were smacked on huge volume yesterday – still trying to figure out what happened to those stocks Tuesday.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio.

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Apr25

Long time readers will recognize bond guru Jeffrey Gundlach, who is starting to emerge out into the financial media more often than in the past.  Still not a fraction of the face time Bill Gross gets.  Today we have a 9 minute video via CNBC – email readers will need to come to site to view.

Bob Pisani of CNBC with a quick overview 

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio.

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Apr25

There really is not much new in the conference call.  The bottom line is if things worsen the Fed is prepared to act.  Ben told us this today, and Ben told us this 3-4 weeks ago on a Monday morning when the market spiked.  What threw the market for a loop were the FOMC minutes released in between today's speech and the one from that Monday morning.  Of course the FOMC minutes came from a meeting BEFORE that Monday morning speech so it made no sense to react to them the way the market did, but you can't argue with a mob.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio.

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