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Sep 1, 2010

Today's Markets Rally still a Mystery. By Fernando Guzmän Cavero

 Today's Markets Rally Still A Mystery

By: Fernando Guzmán Cavero

Today's manufacturing report far exceeded all expectations, with the "rally" ,  as most analysts call it,the Dow rose  more than 200 points ,  Nasdaq,+ 62.81 and  S&P, + 30.96
Leading the increase  was  Caterpillar, following by Chevron. and the 10 year Treasury note dropped one full point.
August manufacturing index  is 56.30 , against July's 55. 00. ( an index above 50 is interpreted as  economy in expansion )

China also reports, an increase with no precedent in its economic growth. ,  next comes   Australia - the  leading country,  for  some analyst  in today's  world "Economic  Recovery",  reports its  second Q in  continuing strengthening of the economy growth . 

Stocks enjoy best day in eight weeks , read full article:

All this happens amid  a deep price descend in the  two previous  sessions of this week . ACCUMULATION  & DISTRIBUTION ORCHESTRATED FROM WITHIN. ?

 This Rally, will continue the next days ? or,  tomorrow's arguments for, enthusiastic could be  that the market was overestimated by Investors,  and if a reversal begins, will they lay-on  the concept of market forces, in terms of supply and demand instead of critical holes to provide transparent information to all of participants  in the markets? Is this  suddenly rally, the benchmark of a real recovery?  Or is it that jobless figures don't count anymore?.. and the rest of economic indicators  don't count anymore. Personally I have serious doubts.

FGC

BBC |Business News last Update . Sep. 1st., 2010



1 September 2010 Last updated at 23:25 GMT

Lehman BrothersLehman 'could have received help'

The former head of Lehman Brothers, Dick Fuld, blames regulators for the collapse of the Wall Street investment bank.

Burning Ferrari 458Ferrari recalls cars after fires

Luxury carmaker Ferrari recalls all of the 458 Italia cars made this year, following reports of the supercars catching fire.

MarketWatch Personal Finance Daily: The jaw-droppping pay gap between workers, CEOs

MarketWatch
Personal Finance Daily
SEPTEMBER 01, 2010

Wednesday's Personal Finance stories

By MarketWatch



Don't miss these top stories:
In the past couple of years, men's median weekly wage started decreasing. A new study finds that, among men and women workers aged 25 and over, the only group that saw wages rise in the past year was women with college degrees, though men's median weekly wage still tops women's wage.

But median wages are, of course, a world away from the lofty pay of top executives who, it turns out, get rewarded handsomely for laying off workers. The chief executives of the 50 firms that laid off the most workers so far during the economic crisis enjoyed salaries that are 42% higher than the average pay of chief executives of other S&P 500 companies, according to a new study.

As MarketWatch's Steve Goldstein notes in his story today, that CEO list was topped by ex-Schering Plough chief Fred Hassan, who earned $49.65 million in 2009. After their merger, his company and Merck laid off a combined 16,000 workers.

By way of comparison, women's median weekly wage is $704, which translates into about $36,600 per year. Men's is about $44,770.

It's true that those CEOs, possibly as a result of the layoffs, may have been directly responsible for pushing their company's stock price higher, probably benefiting many, many investors. See Goldstein's story for more data on that.

But the wage differential still staggers: $44,770 -- assuming you still have a job and that it pays the median wage -- versus $49,650,000. That executive's pay is more than 1,100 times higher than the worker's. Sure, it matters what industry you work in, and what your skills are, and maybe how educated you are, and how many people you're responsible for. But does it matter that much?

Read our two stories today on the widely divergent pay situation for U.S. workers, and don't miss our Trading Strategies Special Report for how to invest in September.

-- Andrea Coombes , Personal Finance editor

Men lose more ground than women in pay slide

Wage growth among middle- and low-income U.S. workers has been shaky, at best, for a decade, but in the past three years it collapsed, with wages growing at less than half the rate they had in the period right before the recession, and some workers' pay decreasing, according to a new analysis by the Economic Policy Institute.
See story on men lose more ground than women in pay slide.


CEOs that lay off workers earn more: study

Chief executives of the 50 firms that laid off the most workers since the onset of the economic crisis earned 42% more than the average pay for an S&P 500 company, according to a study released Wednesday.
See story on CEOs that lay off workers earn more: study.


Private-sector employment fell 10,000 in August: ADP

U.S. private-sector employment fell 10,000 in August, according to the ADP employment report released Wednesday, breaking a six-month run of increases.
See story on private-sector employment fell 10,000 in August: ADP.


INVESTING

Three back-to-school stock bargains

It certainly has been an exciting summer on Wall Street. The stock market was choppy in June, surged in July and swooned in late August. The result is that the major indexes are more or less back where they started after the market correction in early May.
See Trading Strategies story on three back-to-school stock bargains.


Four stocks to carry you through the slump

History has defined September and October as the worst months for the stock market, so most investors view summer's end with some trepidation. But, for those who know where to look for new opportunities, September and October can often be the start of a great new profit season.
See Trading Strategies story on four stocks to carry you through the slump.


PERSONAL TECH

Apple updates iPods, slashes price on Apple TV

Apple Inc. took the wraps off its latest iPod media players Wednesday and also updated its Apple TV offering, announcing a more compact and cheaper device that will arrive later this month.
See story on Apple updates iPods, slashes price on Apple TV.


ECONOMY & POLITICS

Commentary: A welcome diversion from the double-dip road

Someone forgot to tell the country's manufacturers about the tales of a double-dip recession, deflation, and depression that have engulfed Wall Street and the country's top economists and policymakers over the last month.
See story on a welcome diversion from the double-dip road.


New polls point to trouble for Democrats

Democrats are under increasing pressure from unhappy voters as the midterm elections draw nearer, a pair of recent polls indicates, with one measure showing the biggest lead for Republicans since at least the 1940s.
See story on new polls point to trouble for Democrats.


Murkowski concedes Alaska Senate primary

Another establishment Republican fell to the momentum of the tea party Tuesday as U.S. Sen. Lisa Murkowski conceded victory to Joe Miller, the long-shot candidate whose last-minute momentum and an endorsement from Sarah Palin helped him eke out a victory.
See story on Murkowski concedes Alaska Senate primary.


Commentary: Populism isn't just for conservatives

Glenn Beck, Sarah Palin and the tea partiers aren't the only populists in America who feel the regular Joes of the country are getting a raw deal.
See story on populism isn't just for conservatives.


Commentary: Ultra-polarization - it's no longer funny

Whatever you might think of Glenn Beck's messianic aspirations, it's clear that political polarization is reaching a new pitch in this midterm election campaign.
See story on ultra-polarization - it's no longer funny.


Hurricane Earl threatens the East Coast

Hurricane Earl weakened slightly on Wednesday, but weather advisories spread up the eastern seaboard as the region prepared for the storm to hit at the start of the Labor Day holiday weekend.
See story on Hurricane Earl threatens East Coast.


Hurricane Earl nears East Coast: a pictorial

Storm weakens as North Carolina prepares to take a hit, but surf's up.
See pictorial on Hurricane Earl nears East Coast.

CNBC EVENING BRIEF : No Real Recovery Yet: Auto Industry Sees Sales Tumble. Sep. 1st., 2010



LATEST STORIES


»click here to see the latest top stories from CNBC.com


LATEST VIDEO

»click here to see the latest top video from CNBC.com 

RTTNews: Evening Market Wrap : Stocks Rally On News Of Pickup In Manufacturing Activity - U.S. Commentary . Sep. 1st., 2010

Evening Market Wrap Wed Sep 1 17:06 2010 

Commentary

Sep 1, 2010 Stocks Rally On News Of Pickup In Manufacturing Activity - U.S. Commentary Stocks saw substantial gains to open the traditionally downward trending month of September on Wednesday, as data showing a pickup in manufacturing activity in both the U.S. and China recharged some hopes of a continued economic recovery. The rally was further fueled by a better than expected reading on resource-linked Australian GDP. Full Article

Economic News

Sep 1, 2010 MBA: Mortgage Apps Rise As Rates Continue To Fall US mortgage applications rose for a fifth week in a row as borrowers took advantage of historically low interest rates, industry data showed Wednesday. Even with applications creeping higher from depressed levels over the past month, the housing market remains exceedingly weak due to problems in the labor market and tougher lending standards. Full Article
Sep 1, 2010 Manufacturing Activity Unexpectedly Expands At Faster Pace In August Manufacturing activity in the month of August unexpectedly expanded at a faster pace, according to a report released by the Institute for Supply Management on Wednesday, with the data easing some of the recent concerns about the outlook for the manufacturing sector. The ISM said its index of activity in the manufacturing sector rose to 56.3 in August from 55.5 in July, with a reading above 50 indicating growth in the sector. The increase came as a surprise to economists. Full Article
Sep 1, 2010 Private Sector Employment Unexpectedly Shows Modest Drop In AugustIn a report likely to add to recent concerns about the outlook for the labor market, payroll processor Automatic Data Processing, Inc. (ADP) said Wednesday that private sector employment unexpectedly showed a modest decrease in the month of August. The report showed that private sector employment fell by 10,000 jobs in August following a downwardly revised increase of 37,000 jobs in July. Economists had expected employment to increase by 13,000 jobs compared to the addition of 42,000 jobs originally reported for the previous month. Full Article

Earnings News

Sep 1, 2010 Bombardier Q2 Profit Down On Weak Aerospace Business - Update Canadian transportation company Bombardier Inc. (BBD_A.TO, BBD_B.TO) Wednesday reported a sharp decline in second-quarter profit, mainly reflecting the weakness in its Aerospace business amid ongoing economic uncertainty. Second-quarter net income attributable to the company's shareholders declined to US$148 million or C$156.88 million from US$198 million in same period last year. Earnings per share were US$0.08, compared with US$0.11 a year ago. Full Article
Sep 1, 2010 Heinz Profit Rises Above View On Strong Asia Sales Food products firm H.J. Heinz Co. (HNZ) reported Wednesday a higher profit in its first quarter, above market projections, mainly driven by strong results in emerging markets in Asia. As stated at its shareholders meeting on Tuesday, the company reaffirmed its fiscal 2011 outlook. Full Article

Mergers

Sep 1, 2010 Couche-Tard Sweetens Offer For Casey's General Stores Canadian convenience store operator Alimentation Couche-Tard, Inc. (ATD_A.TO) on Wednesday sweetened its offer to acquire Iowa-based Casey's General Stores, Inc. (CASY) to $38.50 per share. The revised deal is valued at about $2.0 billion, including Casey's net debt of about $528 million. Full Article

Political News

Sep 1, 2010 Obama Condemns West Bank Killings Ahead Of Middle East Peace TalksPresident Barack Obama Wednesday strongly condemned the shooting deaths of four Israelis in the West Bank Tuesday. Obama, speaking after a meeting with Israeli Prime Minister Benjamin Netanyahu aimed at kicking off a new round of negotiations with the Palestinians, called the killings a "senseless slaughter" aimed at undermining the talks. Full Article
Sep 1, 2010 Americans Think Republicans Better At Dealing With Most Key IssuesAmericans think Republicans in Congress would do a better job handling most key election issues than Democrats in Congress, according to the results of a USA Today/Gallup poll released on Wednesday, with the results providing another sign that Democrats are in for a tough election season. Full Article

NYT :Afternoon Business News:Publishers Struggle to Adapt to E-Books (and So Do Book Lovers). Sep. 1st., 2010



BUSINESS.

 

Publishers Struggle to Adapt to E-Books (and So Do Book Lovers)

 
By MATT RICHTEL and CLAIRE CAIN MILLER
The book business tries to serve two readers, the one who loves the tactile page and the one who loves the digital ease.

Apple Upgrades iPod Lineup and Apple TV

 
By MIGUEL HELFT

Apple on Wednesday introduced a social media service geared to music lovers that is built into iTunes, revamped its lineup of iPods and unveiled an upgraded version of its set-top box.

Sales Fell in August for Carmakers

 
By NICK BUNKLEY
Most major automakers reported significantly lower sales last month from August 2009 when "cash for clunkers" caused a surge in demand.
DealBook

 

Burger King Is in Buyout Talks

 
By ANDREW ROSS SORKIN and PETER LATTMAN

Advanced talks are reportedly under way with a little-known private investment firm called 3G Capital.
Prescriptions Blog

 

Botox Maker Settles Case

 
By NATASHA SINGER

Allergan agreed to pay $600 million to settle criminal and civil allegations that it had marketed Botox for medical uses, like pain and headache, not approved by the Food and Drug Administration.

FINANCIAL & FOREX INFO . REUTERS : Daily Investor Update.: Stocks Mark Best Day in Eight WeeksSep. 1st., 2010

FINANCIAL & FOREX INFO



FROM : REUTERS - DAILY INVESTOR UPDATE

Stocks mark best day in 8 weeks
Apple takes wraps off new lineup of iPods
Manufacturing grows in August but private jobs cut
Crisis panel chair: Politics may have doomed Lehman
U.S. and Europe auto sales tumble as subsidies fade
Deflation key to more easing: Fed's Plosser
Burger King in advanced sale talks: report
Fuld says government denied Lehman while helping Wall St
Fed's Fisher says ball is in "fiscal court," not Fed's
GE could spend up to $30 billion on M&A: exec

WSJ : Afternoon Markets News : Stocks Gain as Economic Fears Ease. Sep.1st., 2010

THE WALL STREET JOURNAL


Markets News
from The Wall Street Journal


Stocks rallied broadly on Wednesday as investors around the world embraced riskier assets, dumping Treasurys and snapping up commodities and high-yielding currencies.

The U.S. markets started the morning with a strong gain and rallied further on a surprisingly strong picture from the manufacturing sector, even as jobs data continues to signal weakness.
The Dow Jones Industrial Average closed up 254.75 points, or 2.54%, to close at 10269.47, cutting into some of August's dismal loss of 4.3%. The Standard & Poor's 500-stock index jumped 2.95% to finish at 1080.28, while the Nasdaq Composite rose 2.97% to 2176.84.

Caterpillar surged 4.8% as the global bellwether was lifted by signs of strength in Australia and China, in addition to strength on the domestic manufacturing front. Industrials and energy stocks were the strongest performers after U.S. manufacturing activity expanded for the 13th straight month, surprising economists.


http://wsj.com?mod=djemalertMARKET

MarketWatch : Special Financial Services : IMF Seeks to Ease Fears Of Debt Default


MarketWatch
  Special Financial Services




By Greg Robb MarketWatch



The International Monetary Fund on Wednesday tries to allay investor fears that one or more countries on the periphery of Europe will default on their debt. 


Yahoo loses key South Korea partnership

By John Letzing MarketWatch


Yahoo Inc. disclosed Wednesday that South Korean partner NHN Corp., which operates the country's most popular search engine, has decided to stop using Yahoo's search advertising service in November. 

Earl highlights hurricane risk for insurers

By Alistair Barr MarketWatch


The approaching hurricane may not end up being very costly for insurers, but it has put the industry on alert for a possible active storm season in the North Atlantic. 



By Alistair Barr MarketWatch


The Securities and Exchange Commission sued Stephen Goldfield, the former manager of hedge fund firm Imperium Advisors, alleging he made almost $14 million trading on inside information. 













The Washington Post : Afternoon Edition: Most read Articles. Sept. 1st 2010




Most Viewed Articles on washingtonpost.com

1) No one's messiah

Glenn Beck betrays the grandiosity of the addict.

2) Obama: US combat in Iraq over, 'time to turn page'

WASHINGTON -- Claiming no victory, President Barack Obama formally ended the U.S. combat role in Iraq after seven long years of bloodshed, declaring firmly Tuesday night: "It's time to turn the page." Now, he said, the nation's most urgent priority is fixing its own sickly economy.

3) Annual rankings of federal workplaces puts Nuclear Regulatory Commission at top

It's something every worker can relate to: Your office isn't meeting its goals, customers aren't happy, there's turmoil at the top - and morale is plummeting.

4) Mosquito noise device at Gallery Place aims to annoy potential troublemakers

Gallery Place business owners met with District officials a few weeks ago to voice their concern that loitering teenagers who sometimes get into fights were costing them customers. The result of that session premiered this week: a device that emits a high-pitched, headache-inducing sound that only young ears can hear.

5) The church of Glenn Beck

I find it creepy, but Glenn Beck's brand clearly attracts hundreds of thousands of people.

6) NYC man plunges 40 stories, lands on car, survives

NEW YORK -- A New York City man who plunged 40 stories from the rooftop of an apartment building has survived after crashing onto a parked car.

7) ADP Estimates Companies in U.S. Cut 10,000 Jobs in August

Employment fell by 10,000, according to figures today from ADP Employer Services. The median estimate of 35 economists surveyed by Bloomberg News called for a gain of 15,000. Forecasts ranged from a decline of 50,000 to a 55,000 increase.

8) Labor rows against an angry tide

Obama needs to acknowledge how power elites have betrayed Main Street America.

9) Obama declares that combat In Iraq is over

Saying it is "time to turn the page" on one of the most divisive chapters in American history, President Obama declared the U.S. war in Iraq over Tuesday night, telling the nation that he was fulfilling his campaign pledge to stop a war he had opposed from the start.

10) Obama's economic wandering

Obama's talk of jobs, jobs, jobs is bound to stray, again.

FOX BUSINESS. Breaking Business News : Dow Surges on Commodities. September 1st., 2010

FOX BUSINESS:

Trader 107 [276]
Dow Surges on CommoditiesWall Street started September off with a bang as strong gains in commodities eclipsed what was a disappointing report on jobs front, driving the Dow up 240 points.
THE MOST POWERFUL NAME IN BUSINESS NEWS

GM Sales Sputter

The auto maker reported sales in August fell 7% compared to the same time last year. | WATCH

Lawmaker Urges Bump in Gas Taxes

WATCH Sen. George Voinovich argues gas tax increases could boost infrastructure and jobs.

Apple's Big Secret

The tech giant announced updates to the company's entire line of iPod media players.

FCIC Examines Cause of Meltdown

LIVE New powers from the financial reform law will help avoid a repeat of 2008's meltdown.

Manufacturing Sector Grows

A new report shows the manufacturing sector grew more quickly than expected in August.

Mining Interactive: Tasman Signs Norra Karr Resource Estimation Contract to Complete an Independent NI43-101 Compliant Resource Report



TASMAN METALS LTD.

TSXv - TSM; Frankfurt - T61 (WKN A0Y GN1); Pinksheets – TASXF

"The Tasman Metals Rare Earth Story"

NORRA KARR RARE EARTH (REE) PROJECT, SWEDEN

Tasman Signs Resource Estimation Contract with
Pincock Allen & Holt / Minarco-Mineconsult to Complete an Independent NI43-101 Compliant Resource Report

Norra Karr Significant Milestones
  • November 2, 2009, Tasman begins exploration in Scandinavia and announces application for 7,113 Has (acres) of exploration claims which includes the Norra Karr REE project;
  • Successful 3276 metres Norra Karr winter/spring drill program, intersects REE-Zr mineralization in all 26 drill holes on 5 sections over 800m strike length to a vertical depth of approximately 110m;
  • Numerous drill holes were terminated in mineralization, and all sections remain open at depth;
  • Mineralization starts from surface on all drill sections, suggesting the project may be amenable for open-pit mining;
  • During September 2010, Dr Tony Mariano will report on the mineralogy of the Norra Karr mineralized rocks. This information shall form the basis for the first phase of metallurgical studies (concentrate preparation and beneficiation), anticipated to begin in October 2010;
  • The NI43-101 compliant Resource Estimation Report is anticipated to be completed in November 2010.

Mark Saxon, Tasman Metals President & CEO: "We are pleased to have reached this milestone on the 100% owned Norra Karr project so quickly, progressing from the first phase of drilling to resource calculation within only 12 months. The thick mineralized intersections and high HREO percentage returned from our recent drilling were very encouraging, giving us the confidence to move the project immediately to this next step.
We look forward to working closely with the team from Pincock Allen & Holt / Minarco-Mineconsult, to gain further insight into the distribution of REE’s and Zr throughout the Norra Karr intrusion.”

Dear Friends:

The significant milestones noted above makes Tasman’s accomplishments very clear:
- November 2, 2009 they announced the start of exploration;
- FAST FORWARD TO TODAY and a NI43-101 compliant Resource Report is underway; as well as
- Dr Mariano mineralogical characterization of the Norra Karr mineralized rocks which will form the basis for the first phase of metallurgical studies.
“10 months now that is progress”
As a shareholder, I congratulate Tasman’s management and its exploration team for getting work done at lightning speed. We all can look forward to an exciting 4th quarter ride in 2010 - - - and beyond.

I just returned from Europe and many people that I discussed Tasman with later told me that they had taken a share position in the Company. Because of its steady progress, Tasman is an easy story to tell and the Company is starting to receive a serious following, so

Stay Tuned - - for the next Chapter in the Tasman Metals Rare Earth Story!!!
Regards,
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Acronyms used:
REE rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE light rare earth elements, lanthanum to samarium by atomic weight
HREE heavy rare earth elements, europium to lutetium plus yttrium
TREO rare earth elements, calculated as oxides, including lanthanum to
lutetium plus yttrium
HREO heavy rare earth elements, as per HREE above, calculated as oxides
LREO light rare earth elements, as per LREE above, calculated as oxides
Strategic Metals, Including Rare Earth Elements and their common usage:


MiningInteractive Videos
View Here
Stay tuned for the most recent updates on Tasman Metals and other leading mining companies through the MiningInteractive Video Interviews.
Nick L. Nicolaas
(604) 657-4058
nick@mininginteractive.com

GATA : THE GATA DISPATCH : IMF SELLS 16.85TONS , RUSIA BUYS 16.2 TONS. in July. September 1st. 2010

IMF sells 16.85 tons, Russia buys 16.2 tons in July

By Claudia Carpenter
Bloomberg News
via Bloomberg Business Week
Wednesday, September 1, 2010
http://www.businessweek.com/news/2010-09-01/imf-gold-assets-fall-16-85-t...
LONDON -- The International Monetary Fund's gold reserves fell by 16.85 metric tons in July as Russia added 16.2 tons to its holdings, according to figures from the Washington-based lender.
Reserves of gold at the IMF were 2,917.07 tons at the end of July, compared with 2,933.92 tons a month earlier, data on the IMF's website show. Russia increased holdings to 726.02 tons last month from 709.81 tons, according to the figures.
The IMF plans to sell a total of 403.3 tons of gold. India, Mauritius, and Sri Lanka bought 212 tons last year, and the IMF in February said it would begin selling the remainder on the open market.
Central banks have increased holdings and gold-backed exchange-traded fund assets owned by investors yesterday climbed to the highest since at least 2003, according to data compiled by Bloomberg.
Gold for immediate delivery traded at $1,249.15 an ounce at 8:06 a.m. in London. Prices climbed to a record $1,265.30 on June 21.


Join GATA here: Toronto Resource Investment Conference
Saturday-Sunday, September 25-26, 2010
Metro Toronto Convention Center, Toronto, Ontario, Canada
http://www.cambridgeconferences.com/index.php/toronto-resource-investmen...

The Silver Summit
Thursday-Friday, October 21-22, 2010
Davenport Hotel, Spokane, Washington
http://www.silversummit.com/

New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
http://www.neworleansconference.com/redirect.php?page=index.html&source_...

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FINANCIAL AND FOREX INFO : Reuters Deals Today : Burger King Mulls Sale : Sourtce. September 1st. 2010




FROM : REUTERS -DEALS TODAY

Burger King mulls sale: source
Genzyme CEO open to sale, not at $69 a share
BHP plays it cool on $39 billion Potash bid
Buyers step up for AIG's Taiwan unit
Bidding wars, scrapped holidays herald M&A pickup
Couche-Tard further sweetens bid to buy Casey's
United Tech interested in deals, pricing tricky
Hitachi plans IPO of hard-drive unit: sources
New bidder emerges for UK's Spice
NKSJ says could spend more on acquisitions