Exclusive Economy » EE-Reporter http://exclusiveeconomy.com Your Portal For Informal Analysis Tue, 17 May 2011 03:59:00 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Potential Rebound Tomorrow http://exclusiveeconomy.com/2011/05/potential-rebound-tomorrow/ http://exclusiveeconomy.com/2011/05/potential-rebound-tomorrow/#comments Tue, 17 May 2011 03:59:00 +0000 EE-Reporter http://exclusiveeconomy.com/?p=1472 Print

Here’s a list of stocks to watch for a potential rebound tomorrow. Prepare yourself for swing trades. We will be trading these stocks which are testing new recent lows.

MCP

AVL

DANG

TSL

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How many of you are tired about hearing the same crap over and over again? It must be a slow news day, sometimes I wonder if the mainstream media picks a headline out of a hat randomly and blast the airwaves with it. The market nose dived today, so what did they tell us??? “Greece debt worries drive the market lower!” We’ve known Greece has been in trouble for years now, why didn’t they mention it on Monday, why didn’t it drive the market down yesterday or the day before…. Headlines drive the emotions of investors, thus resulting in emotional trading. Emotional trading is what drives the market, for now the old fashion market based on technical’s doesn’t exist.

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Below is data compiled from Bloomberg and Fortune revealing the Top 10 U.S. Companies who avoided tax on foreign profits.

1. General Electric (GE)
Untaxed foreign profit: $94 billion

2. Pfizer (PFE)
Untaxed foreign profit: $48.2 billion

3. Merck (MRK)
Untaxed foreign profit: $40.4 billion

4. Johnson & Johnson (JNJ)
Untaxed foreign profit: $37 billion

5. Exxon Mobil (XOM)
Untaxed foreign profit: $35 billion

6. Citigroup (C)
Untaxed foreign profit: $32.1 billion

7. Cisco Systems (CSCO)
Untaxed foreign profit: $31.6 billion

8. IBM
Untaxed foreign profit: $31.1 billion

9. Procter & Gamble (PG)
Untaxed foreign profit: $30 billion

10. Microsoft (MSFT)
Untaxed foreign profit: $29.5 billion

 

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Check out this graph from Birinyi Associates. They’ve tracked 6, 5% pullbacks in the last 2 years.

“What is perhaps more encouraging is the fact that 5% declines do not usually result in a further 10% decline, and a bear market is even less likely. An initial 5% decline, such as the one beginning on 2/18/11, only results in a correction (10% decline) 33% of the time, and in only 11 of 106 instances has a 5% decline turned out to be a bull market top.”

So according to these guys were in for a bull market. Lets note that for the record and stay tuned.

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We’re still holding below the 400k level, a signal that the job market is recovering, however at a slow rate.

The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending March 12, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 16,000 from the previous week’s revised figure of 401,000. The 4-week moving average was 386,250, a decrease of 7,000 from the previous week’s revised average of 393,250.”

Entering the 300 thousand level is a good sign in the job market. More data is need to determine if the labor market is recovering or stagnant.

 

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The only certain thing in an uncertain international economic crisis is that countries are increasing their gold reserves. Most notably China has been moving away from a weakening U.S dollar in order to defend itself from further falling victim of a deepening crisis. Gold will continue to surge as long as the Federal Reserve keeps interest rates near zero and neglects to support the dollar.

Gold is holding near record highs above $1400 an ounce… Will gold become the new world currency? If that’s the case, whoever has the most reserves will have greatest advantage! Only time will tell…

Here is a list of the top 20 gold holding countries.

Rank                  Country                                Gold(tonnes)

1.                           United States United States                10,792.6
2.                           Germany Germany                        3,401.8
3.                           Italy Italy                                 2,451.8
4.                           France France                            2,435.4
5.                           People's Republic of China China                              1,054.1
6.                           Switzerland Switzerland                    1,040.1
7.                           Russia Russia                              775.2
8.                          Japan Japan                                765.2
9.                           Netherlands Netherlands                    612.5
10.                        India India                                  557.7
11.                         Republic of China Taiwan                             423.6
12.                         Portugal Portugal                           382.5
13.                         Venezuela Venezuela                        363.9
14.                         Saudi Arabia Saudi Arabia                   322.9
15.                         United Kingdom United Kingdom             310.3
16.                         Lebanon Lebanon                            286.8
17.                         Spain Spain                                  281.6
18.                         Austria Austria                               280.0
19.                         Belgium Belgium                              227.5
20.                         Philippines Philippines                        175.9

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8.8 magnitude earthquake strikes Japan, tsunami warnings issued and developing in the pacific.

“Early Thursday, an earthquake with a preliminary magnitude of 6.3 struck off the coast of Honshu. A day earlier, a 7.2-magnitude earthquake struck off of Honshu, the country’s meteorological agency said. The Wednesday quake lasted as long as three minutes, but did not cause significant damage. It could be felt in Tokyo, 267 miles (429 kilometers) southwest of its epicenter.” CNN

Highly expected that the markets will open significantly lower in the morning. This is a major blow to the Japanese economy, setting them back many years. The cost of the damage will be enormous. Hopefully everyone is ok.

Print]]> http://exclusiveeconomy.com/2011/03/8-8-magnitude-earthquake-strikes-japan-tsunami-warning-issued/feed/ 0 Average Income In the U.S. From 1913-2006 http://exclusiveeconomy.com/2011/03/average-income-in-the-u-s-from-1913-2006/ http://exclusiveeconomy.com/2011/03/average-income-in-the-u-s-from-1913-2006/#comments Fri, 04 Mar 2011 06:07:46 +0000 EE-Reporter http://exclusiveeconomy.com/?p=1347 Print

Here is an info graph from Visualizing Economics (back from 2008), showing the average income in the U.S from 1913-2006. The graphic factors in major events in history as well as the presidents at the time. Something the graph is missing appears to be inflation. However, its pretty cool comparison.

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The worlds richest man Lebanese-Mexican Carlos Slim announced he is entering the energy sector. The Grupo Carso consortium (diversified retail, construction, and industrial conglomerate) controlled by Slim purchased a 70% stake in Tabasco Oil Co. LLC, an oil exploration and production company. Tabasco Oil has rights to a field in Columbia.

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Check out this figure from VisualizingEconomics comparing Egypt and China growth over the past 200o years. As Egypt enters a new era, the question is, is it too late for Egypt to catch up to China and shrink the gap? Primary revenue for Egypt’s economy comes from agriculture, media, petroleum exports, and tourism. Wages are low, unemployment is high, and there is no middle class.

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