This had better be a one time contraction or we have the biggest disconnect with markets that we have seen in years. Thank you Ben!

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  • January 30, 2013, 11:16 a.m. ET

U.S. Economy Unexpectedly Contracts in Fourth Quarter

Private-Sector Hiring Rose by 192,000 in January, ADP Reports

By ERIC MORATH and SARAH PORTLOCK

U.S. economic momentum screeched to a halt in the final months of 2012, as lawmakers’ struggle to reach a deal on tax increases and budget cuts likely led businesses to pare inventories and the government to cut spending.

The nation’s gross domestic product shrank for the first time in 3 1/2 years during the fourth quarter, declining at an annual rate of 0.1% between October and December, the Commerce Department said Wednesday.

It was the first time the broad measure of all goods and services produced by the economy contracted since the recovery from the financial crisis began. Economists surveyed by Dow Jones Newswires had expected 1.0% annualized growth.

Source: http://professional.wsj.com/article/SB10001424127887324156204578273611039517142.html?mod=WSJ_hpp_LEFTTopStories&mg=reno64-wsj

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Finally seeing some extended areas coming in. Transports…which have been a moonshot coming in…Housing coming in…but major indices hardly down. Just keep in mind, market will eventually pull back…and market will return to the norm…which is the 50 day average…it is just a matter of how and when.
 
On another note…MA reports in the morning. The cushion is not that big but the stock acts well. Just wanted to give you a head’s up so you can make a decision for yourself.

I DONT THINK THE U.S. HAS THAT MUCH MONEY

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Zimbabwe Is Down to Its Last $217

ADAM CLARK ESTES759 ViewsJAN 29, 2013

There are cash-strapped governments and there are broke governments. And then there’s Zimbabwe, which, after paying last week’s government salaries, has just $217 left in the bank. No, we didn’t forget any zeroes to the end of that figure. Zimbabwe, the country that’s home to some of the world’s largest plutonium and diamond reserves, literally has the same financial standing as a 14-year-old girl after a really good birthday party. The country’s finance minister admitted as much in a press conference on Tuesday. “Last week when we paid civil servants there was $217 [left] in government coffers,” Tendai Biti told reporters. “The government finances are in paralysis state at the present moment. We are failing to meet our targets.”

Source: http://www.theatlanticwire.com/global/2013/01/zimbabwe-down-its-last-217/61562/

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If you like drugs, oils and housing, you had a good day.
 
In oils, for your review, COP,ESV,EOG,HFC,MUR,TSO,VLO,WNR were oil breakouts.
 
DHI had monster volume breakout…and will jump on any pullback.
 
Stocks on service act fine…continue to be worried about market overheating here in the value areas.

01/29/2013: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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Few Highlights From Today’s Show:

  • Teflon Market, Value Still Working, AMZN Misses: Amazon Misses; Stock Rallies.
  • Market Wrap & Sector Analysis:  Gary provides an in-depth view of the current state of the market, covers the important events that happened on Wall Street today, and highlights several leading sectors in the market right now.
  • After Hour Highlights & Movers of the Day: Gary covers all the big movers of the day and guides you through the important after hours action.
  • Don’t Fall For Scams & Don’t Lend Money

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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

WELCOME TO THE TEFON MARKET…THIS HEADLINE SAYS IT ALL!

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Amazon reported revenue and earnings that were below Wall Street’s printed expectations, but the stock responded by soaring to an all-time high.

(The company’s profit margin was modestly higher than expected. And the stock is likely benefitting from some short-covering, as Amazon bears panic and cover their bets).

Amazon stock hit an all-time high of about $285 in after-market trading. That gives the global ecommerce leader a market cap of about $125 billion.

Here are the numbers:

  • EPS: $0.21 cents versus consensus estimate of $0.28 cents
  • Revenues: $21.27 billion versus estimate of $22.3 billion

HOW ARE THE CONSUMERS ALWAYS THE ONES TO PAY?

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Retailers may add surcharge in credit card transactions

By Atossa Araxia Abrahamian

Mon Jan 28, 2013 5:31pm EST

(Reuters) – Retailers in 40 U.S. states can now charge up to 4 percent extra when consumers pay for goods and services with a credit card.

These so-called “checkout fees” went into effect January 27, and do not apply to debit card payments. The fees are illegal in California, New York, Texas and seven other states.

It is up to individual businesses to decide whether or not to add the fee. They also need to disclose it to consumers.

The surcharge is the result of the biggest anti-trust settlement in U.S. history. In 2005, a group of merchants claimed that MasterCard, Visa, and nine other companies including JP Morgan Chase & Co conspired to fix the fees that stores pay to accept credit card purchases.

Source: http://www.reuters.com/article/2013/01/28/us-creditcard-settlement-fees-idUSBRE90R14U20130128

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01/28/2013: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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Listen To Today’s Show 

Few Highlights From Today’s Show:

  • Be careful listening To People Calling For Dow 25,000: Gary shows you how to listen to the market and not predications.
  • Market Wrap & Sector Analysis:  Gary provides an in-depth view of the current state of the market, covers the important events that happened on Wall Street today, and highlights several leading sectors in the market right now.
  • After Hour Highlights & Movers of the Day: Gary covers all the big movers of the day and guides you through the important after hours action.
  • Apple Is Getting Extended Below its 50 DMA Line Apple is 80 points below its 50 DMA line and might be due for a bounce
  • Immigration, More News, & Super-Bowl: Get Gary’s Take on immigration and who he likes in the super bowl.

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LISTEN TO GARY LIVE ON WEEKDAYS 6-7 PM ON A STATION NEAR YOU AND AT GARYK.COM

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Best of Investor’s Edge
Saturdays 1-2 am EST

Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

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Getting some juice out of lnkd and crm now…with everything else doing fine…just not adding right now…as things ridiculously extended and gotta believe that changes soon. A little patience here.

I REPEAT…PEOPLE,MONEY AND CAPITAL WILL FLOW WHERE TREATED BEST!

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‘Wall St.’ flees NY for tax-free Fla.

  • By JOSH MARGOLIN
  • Last Updated: 8:07 AM, January 28, 2013
  • Posted: 1:15 AM, January 28, 2013

The city’s hedge-fund executives are flying south — and it’s not for vacation.

An increasing number of financial firms, especially private equity and hedge funds, are fed up with New York’s sky-high city and state tax rates and are relocating to the business-friendly climate in Florida’s Palm Beach County.

And they’re being welcomed with open arms — officials in Palm Beach recently opened an entire office dedicated to luring finance hot shots down south.

“Florida is a state of choice,” said Thalius Hecksher, global development chief for Apex Fund Services, who moved many of his operations to Palm Beach. “It’s organically grown. There’s no need to drag people down here. It’s a zero-income-tax jurisdiction.”

SOURCE: https://www.nypost.com/p/news/local/wall_st_flees_ny_for_tax_free_fla_Q6e4qSDMUethpylfznC4tO

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