Archive - Feb 2011 - Blog entry

Is the stock market rally coming to an end, or is there more to go? Should we be buying dips or selling rallies in gold and precious metals? Is the commodities boom a yearlong or decade long phenomenon? Which sectors on the international landscape will be the winners or losers? Are the agricultural plays getting tired, or is it time for a second helping? Will the collapse of the bond market or a spike in oil prices bring the party to an end? Get the answers by attending this free webinar.

According to Mercer, climate change will end up costing pensions trillions...

10 economic charts that you are about to see are completely and totally shocking.

Today (On Wednesday), Sanofi-Aventis (NYSE:SNY) inked an agreement to acquire Genzyme Corp (NASDAQ:GENZ) after sweetening its bid price to $74 per share plus a contingent value right (CVR), up from the $69 per share bid that GENZ rejected as too low back in October. We wrote in October that SNY was overpaying for GENZ because we valued the shares at $64. Including the CVR, which is contingent on recovering from the manufacturing problems it’s faced for its 2 key biotech drugs, as well as receiving FDA approval to market its multiple sclerosis drug candidate Lemtrada, and increased sales targets, the market is valuing the total bid price at about $78 per share.

"Curveball" comes back to haunt the boys who lied us into war ...

Banzai7 gives you what Taibbi can't...

"It is hard to overstate the political significance of the anthrax attacks .... That event played at least as much of a role as the 9/11 attacks in elevating the Terrorism fear levels which, through today, sustain endless wars, massive defense and homeland security budgets, and relentless civil liberties erosions."

How about our friends at JP Morgan (JPM), one of our favorite financial holdings, who just reported that they did not lose money on a single trading day in the ENTIRE 2nd HALF of 2010, making $76 Million dollars per day on the average for all of 2010.

Q: If money supply is increasing, why aren't we seeing price inflation? A: We are.

Hope you like the 12% markups on the CMO's your broker sold you...

As a Google exec once quipped, does putting two Turkeys together get you an Eagle?

Lightening the weight of food in inflation calculation still rendered China's consumer inflation at +4.9% year over year. The more telling number is the producer wholesale inflation, which spiked 6.6% year-over-year in January.

Increasing Inflation levels in the UK have led to strength in the GBP with analysts increasing the probability of an interest rate rise later in the year. Retail positioning however is quite contrary to this with increased short positions against the EUR, JPY and USD.

The market was down today as retail sales disappointed (thanks to the weather, a little something called rampant unemployment, and ...

Some people just don't know when to keep their mouth shut...