Druckenmiller…Ignore at your own risk!

THE SINGLE MOST IMPORTANT POST I HAVE EVER PUT UP HERE!

 Everything I have told you for the past couple of years echoed by the best!

 

SOURCE: http://www.zerohedge.com/news/2013-02-21/stanley-druckenmiller-we-have-entitlement-problem-and-one-day-feds-hamster-wheel-wil

Corporate Insiders Selling… Retail Investors Buying

From Bloomberg:

Corporate executives are taking advantage of near-record U.S. stock prices by selling shares in their companies at the fastest pace in two years.

There were about 12 stock-sale announcements over the past three months for every purchase by insiders at Standard & Poor’s 500 Index (SPX) companies, the highest ratio since January 2011, according to data compiled by Bloomberg and Pavilion Global Markets. Whenever the ratio exceeded 11 in the past, the benchmark index declined 5.9 percent on average in the next six months, according to Pavilion, a Montreal-based trading firm.

Confidence in equities from individual investors may soften the blow from insider sales this time, according to Pavilion’s Pierre Lapointe, head of global strategy and research.

The ratio of sales versus purchases by chief executives, directors and senior officers at S&P 500 companies is more than twice the average ratio of 5.4 over the past 10 years, according to data compiled by Bloomberg and Pavilion. In the months after the ratio was last at this level, the benchmark index retreated as much as 19 percent from April to October of 2011.

Executives at 153 companies in the S&P 500 unloaded shares between Feb. 11 and Feb. 15, with announcements of sales outnumbering buys by 17 to 1. The top sale that week was made by Google Chief Executive Officer Larry Page, 39, with a divestment worth more than $65 million.

Still, Lapointe wrote, “insider transactions do not move markets, large inflows do” and stocks should be supported over the short term by individual investors pumping money into equities.

Investors deposited $37 billion into equity funds in January, the most since 2004, after pulling almost $300 billion out of stock funds since the market bottomed, estimates from the Washington-based Investment Company Institute show.

Next The Tricycles

Originally published February 20, 2013 at 12:08 PM | Page modified February 20, 2013 at 9:52 PM

Gas, car-tab taxes drive House Dems’ transportation plan

House Democrats propose a $10 billion transportation package that would gradually raise the gasoline tax to 47.5 cents a gallon within five years.

OLYMPIA — House Democrats rolled out a nearly$10 billion transportation package Wednesday that would boost taxes on gasoline, increase car tabs and even charge a bicycle fee to raise money.

The proposal would increase the state gas tax by 10 cents over five years, eventually reaching a total of 47.5 cents per gallon. Washington currently has the nation’s ninth-highest gas tax.

In addition, it would create a car-tab tax equal to 0.7 percent of a vehicle’s value — $140 for a $20,000 car.

Source: Lawmakers Propose Bicycle Tax to Raise Money…

02/20/2013: Gary on Nationally Syndicated Investors Edge Radio Broadcast

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More Obamacare Repercussions

Universal Orlando dropping health insurance: Universal Orlando will drop health insurance for part-time workers – OrlandoSentinal

By Jason Garcia, Orlando Sentinel7:09 p.m. EST, February 19, 2013

Universal Orlando plans to stop offering medical insurance to part-time employees beginning next year, a move the resort says has been forced by the federal government’s health-care overhaul.

The giant theme-park resort, which generates more than $1 billion in annual revenue, began informing employees this month that it will offer health-insurance to part-timers “only until December 31, 2013.”

The reason: Universal currently offers part-time workers a limited insurance plan that has low premiums but also caps the payout of benefits. For instance, Universal’s plan costs about $18 a week for employee-only coverage but covers only a maximum of $5,000 a year toward hospital stays. There are similar caps for other services.

http://www.orlandosentinel.com/business/tourism/os-universal-part-time-insurance-20130219,0,4887679.story

 

Bill Gates May Just Need to Go Back & Run Microsoft

Bill Gates ‘not satisfied’ with Microsoft’s

Software giant’s chairman tells CBS This Morning that Microsoft’s earlier strategies in the mobile phone sector were “clearly a mistake.”

Although Bill Gates stepped away from his day-to-day role at Microsoft nearly five years ago, he still keeps a close eye on the company he co-founded — and he isn’t always happy with what he sees.

During an interview broadcast this morning on CBS This Morning, the Microsoft chairman was asked by Charlie Rose whether he was happy with Steve Ballmer’s performance as chief executive. Noting that there have been “many amazing things” accomplished under Ballmer’s leadership in the past couple of years, Gates said he was not satisfied with the company’s innovations.

“Well, he and I are two of the most self-critical people — you can imagine,” Gates said during the interview (see video below). “And here were a lot of amazing things that Steve’s leadership got done with the company in the last year. Windows 8 is key to the future. The Surface computer. Bing, people are seeing as a better search product. Xbox.”

 

Source: http://news.cnet.com/8301-10805_3-57569944-75/bill-gates-not-satisfied-with-microsofts-innovations/

Is This The Next Big Thing?

Google’s electronic eyewear gets ‘OK Glass’ voice commands

Hoping to carve out a new type of personal computing, Google shows off how to use its computerized eyewear to search, navigate, chat, and take photos.

This Google Glass video, taken without the need to hold a camera, is part of a video-chat hangout.

(Credit: Screenshot by Stephen Shankland/CNET)”OK Glass.”

Those are the two words that Google showed today will initiate a variety of commands for its Glass computerized eyewear.

In the Google Glass “How it Feels” video, people speak the words “OK Glass” and then pick from a list of featured voice commands to send a message, record a video, take a photo, launch a video-chat hangout, conduct a search, check the weather, or get driving directions.

The demo is a concrete illustration of how Google is evolving its technology from a mere search engine to a constant personal companion that augments your mind.

When Microsoft introduced Windows 95, its Start menu became the gateway for just about anything you could do with the operating system. Google — expecting to advance computing beyond the era of PCs and even smartphones — no doubt hopes that “OK Glass” will become as familiar.

Source: http://news.cnet.com/8301-1035_3-57570220-94/googles-electronic-eyewear-gets-ok-glass-voice-commands/

The Smart Money On Apple Was Very SMART

 

FoxConn Freezes Hiring On iPhone Production Slowdown

First it was Walmart letting the truth finally slip last Friday when a leaked memo showed recent sales are a “total disaster.” Today, as anyone who has looked at AAPL premarket quotes will surmise, it’s Apple’s turn, following a report in the FT that FoxConn, the world’s largest contract electronics manufacturer, “has imposed a recruitment freeze across almost all of its factories in China 5th as it slows production of Apple’s iPhone.” It is not an internal memo, but in this particular case actions speak even louder than leaked words: ‘The suspension in hiring by China’s largest private sector employer, and the biggest assembler of Apple products, is the first search countrywide move since the 2009 downturn, prompted by the financial crisis. It underscores the weakening demand for some Apple products, Which has put pressure on the American company’s battered share price. “Currently, none of the plants in mainland China have hiring plans,” said Liu Kun, a company spokesman at Foxconn’s largest manufacturing facility in the southern Chinese city of Shenzhen.”

Source: http://www.zerohedge.com/news/2013-02-20/foxconn-freezes-hiring-iphone-production-slowdown

Oh Thrilling!

U.S. Banks Bigger Than GDP as Accounting Rift Masks Risk

By Yalman Onaran – Feb 19, 2013 7:01 PM ET
Warning: Banks in the U.S. are bigger than they appear.

That label, like a similar one on automobile side-view mirrors, might be required of the four largest U.S. lenders if Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corp., has his way. Applying stricter accounting standards for derivatives and off-balance-sheet assets would make the banks twice as big as they say they are — or about the size of the U.S. economy — according to data compiled by Bloomberg.

“Derivatives, like loans, carry risk,” Hoenig said in an interview. “To recognize those bets on the balance sheet would give a better picture of the risk exposures that are there.”

U.S. accounting rules allow banks to record a smaller portion of their derivatives than European peers and keep most mortgage-linked bonds off their books. That can underestimate the risks firms face and affect how much capital they need.

Source: http://www.bloomberg.com/news/2013-02-20/u-s-banks-bigger-than-gdp-as-accounting-rift-masks-risk.html