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Thursday, May 26, 2011

The Big Picture

The Big Picture


Death by PowerPoint

Posted: 26 May 2011 12:00 AM PDT

Roque: Buy Health Care and Consumer Staples

Posted: 25 May 2011 10:30 PM PDT

~~

Source:
Buy Health Care and Consumer Staples: John Roque
Jeff Macke
Yahoo Tech Ticker, May 25, 2011
http://finance.yahoo.com/blogs/breakout/buy-health-care-consumer-staples-john-roque-130625955.html

What happens to your Facebook page when you accuse Liz Warren of lying

Posted: 25 May 2011 06:34 PM PDT

On Mark Haines

Posted: 25 May 2011 11:44 AM PDT

Mark Haines
May 25, 2011
David R. Kotok

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Over the years, it has been my personal privilege to be with Mark Haines many times. In earlier times, we talked about stocks and bonds when Mark anchored Squawk Box. More recently there were conversations on Squawk on the Street. ETFs were added to the lexicon. We interviewed with Mark and Melissa Lee and numerous times with Mark and Erin Burnett.

Often I would see Mark before the show while waiting on the security folks at the New York Stock Exchange. Mark would say something like "You know I can't take you in. I do not make the rules." The greeting was genuine. The irascible demeanor gave way to a more practical and humane one.

Mark Haines could cut right to the key point in an interview. He would interrupt directly if he thought there was too much "bull" flowing. On the other hand, he would let you go if he thought you were making a key point. I recall a long stretch when I was citing some data on the high costs of the ethanol subsidy. Mark gave me the extra minute to complete the point. Off camera he was asked why and said something like "He [meaning me] was saying something that needed to be said."

When he growled, I never thought it would turn into a bite. When he was short on time, I understood. I always looked forward to those three minutes at the NYSE and that interview with Mark Haines.

You are a unique personality, Mark Haines, and you will be sorely missed. May you now rest peacefully.

~~~

David R. Kotok, Chairman and Chief Investment Officer

Which countries are most in favor of the free market?

Posted: 25 May 2011 11:30 AM PDT

Via the The Economist, consider the chart below covering faith in the free markets. It is at present at a low in the US, the world’s biggest free-market economy:

In 2010, 59% of Americans asked by GlobeScan, a polling firm, agreed “strongly” or “somewhat” that the free market was the best system for the world’s future. This has fallen sharply from 80% when the question was first asked in 2002. And among poorer Americans under $20,000, faith in capitalism fell from 76% to 44% in just one year. Of the 25 countries polled, support for the free market is now greatest in Germany, just ahead of Brazil and communist China, both of which have seen strong growth in recent years. Indians are less enthusiastic despite recent gains in growth. Italy shows a surprising fondness for markets for a place that is uncompetitive in many sectors. France under a third of people believe that the free market is the best option, down from 42% in 2002.

I wonder if the unbridled embracing of Free Market ideals, taken to excess the past few decades — self-regulation, Efficient Market Hypothesis, radical deregulation, which were eventually followed by the massive financial collapse and subsequent government bailouts of girlie men bankers – might have anything to do with this?

Fascinating stuff . . .


The Economist

Haines Calls BS on False Taxes and Job Correlation

Posted: 25 May 2011 11:27 AM PDT

Sell the rally in July 2010? Another example of why you should not let politics/ ideology influence your investing.


Jul 16, 2010

Reuters/Jefferies CRB Index 1749-2011

Posted: 25 May 2011 09:00 AM PDT

I love this CRB chart via Jim Bianco of Bianco Research:

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Fitch gives reason for Germany to dig in on Greece

Posted: 25 May 2011 08:53 AM PDT

Highlighting a key reason why the Germans have dug in with their position on Greece that they don’t want to continue to bail them out further, they seem comfortable with their own banks exposure to Greece. Credit rating agency Fitch in a note today just published is saying “that it does not currently envisage any rating action on German banks as a direct result of their exposure to Greece…In addition, most German banks have limited exposure to any risk relating to Portugal and Ireland.” They do though have this caveat, “The agency sees high potential contagion risks if there were any restructuring of Greek sovereign debt.” Now granted we have to take commentary from a rating agency with a clear grain of salt but it does recognize that if this debt crisis is ring fenced around Greece, Ireland and Portugal, the region can get by BUT if it spreads to Spain and/or Italy, as has been discussed ad infinitum and is a very distinct possibility, we’ll have a major problem.

Mark Haines Whacks Martin Feldstein on Health Care

Posted: 25 May 2011 07:55 AM PDT

CNBC’s Mark Haines debates Martin Feldstein


Aug 19, 2009

Mid-Week Reads

Posted: 25 May 2011 07:54 AM PDT

Today's reading list:

• Mark Haines, CNBC Anchor, at 65, died unexpectedly Tuesday evening (CNBC.com)
• Going Defensive Fails as Quick Fix in Stocks: Chart of the Day (Bloomberg)
• Facing Up to End of ‘Easy Oil’ (WSJ)
• Greenwich's Priciest Homes Languish With Four Years of Supply (Bloomberg)
• Greece: What Would Happen If it Defaulted? (WSJ)
• Why LinkedIn Bears Like Haverty Say Plunge Is Inevitable (Bloomberg)
• Warren and Republicans Spar Over Bureau's Power (Deal Book)
• Apple’s Retail Lesson (IW)
• Frederick Law Olmsted, father of American landscape architecture: 10 design lessons (37 Signals)
• Prophecy Fail (Slate)

What are you reading?

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