Useful Tools - What We're Reading - StockBuz2024-03-29T08:35:21Zhttp://stockbuz.ning.com/articles/feed/category/Useful+ToolsAre Investors Getting Too Bulled Up?http://stockbuz.ning.com/articles/are-investors-getting-too-bulled-up2017-07-22T13:48:24.000Z2017-07-22T13:48:24.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p><em>Ran across this post and found it interesting although anything that's only been around 7-1/2 years is truly untested but only time will tell.  All eyes are on Congress for a break in taxes for the wealthy, as well as 'stumbles' from our leader and chief, Mr. Trump.  Between the Russia investigation and foreign relations (yikes!) the tension is building, or at least being applied by the left.  Will they reach the proportions where firms hit the 'sell' button? I have to say that September is coming -  the worst month for the market thanks to Mutual Fund profit taking at end of fiscal year.  Anything is possible.  Enjoy the ride.  From <a href="https://lyonssharepro.com/2017/07/are-investors-getting-too-bulled-up/" target="_blank">LyonsShare</a>:</em></p>
<p>Sentiment indicators can be useful tools for investors, mainly on a contrarian basis. That is, generally when readings get overly bullish, it may signal a lack of remaining buyers in the market and vulnerability to a decline in prices. Conversely, when sentiment is extremely bearish, it is often a sign that selling has been overdone and prices are due for a bounce.</p>
<p>In general, there are two types of sentiment indicators: survey-based and real money gauges. We have found surveys to be less reliable than they once were. This may be due to the fact that sentiment is now widely known as a contrarian tool and survey respondents may be hesitant to look like the “dumb money”.</p>
<p>For that reason, we prefer real money sentiment indicators which show what investors are actually doing with their money. Folks can respond however they’d like in a survey, but at the end of the day they vote with their money. Therefore, these types of measures are typically better barometers of true investor sentiment.</p>
<p>One relatively new real money sentiment indicator is the subject of today’s Chart Of The Day. TD Ameritrade launched their Investor Movement Index® (IMX) the back in 2010 as a way of tracking investor sentiment based upon TDA customers’ money flows. In their words:</p>
<p><i>“The Investor Movement Index, or the IMX, is a proprietary, behavior-based index created by TD Ameritrade designed to indicate the sentiment of individual investors’ portfolios. It measures what investors are actually doing, and how they are actually positioned in the markets.</i></p>
<p><i>The IMX does this by using data including holdings/positions, trading activity, and other data from a sample of our 6 million funded client accounts.”</i></p>
<p>The reason we chose to make the IMX our Chart Of The Day today is because the latest reading (6.58), as of the end of June 2017, marked the highest reading in the 7-year history of the indicator. Additionally, it exhibited its 3rd largest month-over-month jump ever (+0.45), behind May and August 2016.</p>
<p><img class="alignnone wp-image-2767 size-large" src="https://lyonssharepro.com/wp-content/uploads/2017/07/TDA-IMX-July-2017-1024x660.jpg" alt="" width="770" height="496" /></p>
<p>Now, before you go selling your entire portfolio, there are few factors that may mitigate one’s concern over this high reading. First off, the indicator is only 7 ½ years old.  In market indicator years, that makes the IMX but an infant. It has not even been through a complete market cycle yet. Therefore, we cannot be sure what the indicator is or is not capable of, outside of its very brief history.</p>
<p>Secondly, while the indicator is at an all-time high, the stock market is as well. And if ever there is a reasonable time for sentiment to be at all-time highs, it is when stocks are also at highs. It would be more concerning if the IMX was hitting new highs when it “wasn’t supposed to”, e.g., while the stock market was either declining or at least making lower highs.</p>
<p>For example, one of the larger jumps (+0.41) in the IMX’s history occurred in June 2015 — despite the fact that the S&P 500 lost more than 2% for the month. Of course, stocks were undergoing a significant intermediate-term top at the time and a sharp correction followed soon afterward.</p>
<p>We are not saying that an all-time high in this sentiment indicator is a welcomed data point. It is just that the conditions surrounding the latest reading do somewhat justify it — or at least reasonably explain it. However, we will certainly monitor this new sentiment tool closely in the months to come.</p>
</div>What Happens To Trading During a Market Crash?http://stockbuz.ning.com/articles/what-happens-to-trading-during-a-market-crash2017-06-25T17:11:23.000Z2017-06-25T17:11:23.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p>It’s hard to predict when a stock market crash will occur, so the best defense is to be prepared.</p>
<p>Today’s infographic comes to us from <a href="http://stockstotrade.com/circuit-breaker-infographic/">StocksToTrade.com</a>, and it explains what happens when a large enough drop in the market triggers a “circuit breaker”, or a temporary halt in trading.</p>
<p></p>
<p><img src="http://2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com/wp-content/uploads/2017/06/infographic-market-crash-circuit-breakers.png" alt="What Happens To Trading in a Market Crash?" /></p>
<p>These temporary halts in trading, or “circuit breakers”, are measures approved by the SEC to calm down markets in the event of extreme volatility. The rules apply to NYSE, Nasdaq, and OTC markets, and were put in place following the events of Black Monday in 1987.</p>
<h2 style="margin-top: 0;">Circuit Breaker Rules</h2>
<p>Previously, the Dow Jones Industrial Average (DJIA) was the bellwether for such market interventions.</p>
<p>However, the most recent rules apply to the whole market when a precipitous drop in the S&P 500 occurs:</p>
<table id="tablepress-81-no-5" class="tablepress tablepress-id-81">
<thead>
<tr class="row-1 odd">
<th class="column-1"> </th>
<th class="column-2">Before Feb 2013</th>
<th class="column-3">After Feb 2013</th>
</tr>
</thead>
<tbody class="row-hover">
<tr class="row-2 even">
<td class="column-1">Index Tracked</td>
<td class="column-2">DJIA</td>
<td class="column-3">S&P 500</td>
</tr>
<tr class="row-3 odd">
<td class="column-1">Level 1 Threshold</td>
<td class="column-2">-10%</td>
<td class="column-3">-7%</td>
</tr>
<tr class="row-4 even">
<td class="column-1">Level 2 Threshold</td>
<td class="column-2">-20%</td>
<td class="column-3">-13%</td>
</tr>
<tr class="row-5 odd">
<td class="column-1">Level 3 Threshold</td>
<td class="column-2">-30%</td>
<td class="column-3">-20%</td>
</tr>
</tbody>
</table>
<p>Upon reaching each of the two first thresholds, a 15-minute halt in trading is prompted. This is the case unless the drop happens in the last 35 minutes of trading.</p>
<p>Upon reaching the third threshold (-20% drop in S&P 500), the day’s trading is stopped altogether.</p>
<h2 style="margin-top: 0;">Can Circuit Breakers Stop a Market Crash?</h2>
<p>In theory, the use of circuit breakers can help curb panic-selling, as well as limit opportunities for massive gains (or losses) within a short time frame. Further, by creating a window where trading is paused, circuit breakers help make time for market makers and institutional traders to make rational decisions.</p>
<p>Regulators and exchanges hope that all of this together will give investors a chance to calm down, preventing the next market crash.</p>
<p>But do circuit breakers actually work? While they make logical sense, recent evidence from China paints a murkier picture.</p>
<h2 style="margin-top: 0;">The Illusion of Safety</h2>
<p>In Paul Kedrosky’s piece from The New Yorker, titled <a href="http://www.newyorker.com/business/currency/the-dubious-logic-of-stock-market-circuit-breakers">The Dubious Logic of Stock Market Circuit Breakers</a>, he makes some interesting points on the series of market crashes in China from late-2015 to early-2016.</p>
<blockquote>
<p>To understand why circuit breakers can make markets less ‘safe,’ imagine that you’re a Chinese trader on a day when markets are approaching a five-per-cent decline. What do you do?</p>
</blockquote>
<p style="text-align: right;"><em>– Paul Kedrosky, The New Yorker</em></p>
<p>Kedrosky continues by explaining that a market participant in that situation would try to get as many sell orders in as possible, before the circuit breaker is triggered.</p>
<p>Further, when the markets re-open, the same trader would again sell immediately to avoid the second breaker (which triggers an end in trading for the day). Each time the breakers get triggered, it creates a market memory of the events, and traders try to avoid future shutdowns by selling faster.</p>
<h2 style="margin-top: 0;">Preparation is Key</h2>
<p>Whether they work or not, it is essential for investors to understand the rules behind circuit breakers, as well as how markets think and react after these pauses in action.</p>
<p>In the event of a market crash, this preparation could help to make a difference.</p>
<p>Courtesy of <a href="http://www.visualcapitalist.com/happens-trading-market-crash/" target="_blank">VisualCapitlist</a></p>
</div>Predicting The Feds Interest Rate Forecasthttp://stockbuz.ning.com/articles/predicting-the-feds-interest-rate-forecast2016-09-12T14:07:32.000Z2016-09-12T14:07:32.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p><a target="_blank" href="http://static3.businessinsider.com/image/57c58e03b996eb96008b51ea-480/janet-yellen-congress-2016.jpg"><img class="align-left" src="http://static3.businessinsider.com/image/57c58e03b996eb96008b51ea-480/janet-yellen-congress-2016.jpg?width=480" height="245" width="327" /></a>This is one of the stranger things we've seen recently.</p>
<p>The research team at the San Francisco Fed <a href="http://www.frbsf.org/economic-research/files/el2016-26.pdf">earlier this week published a letter analyzing one startup's analysis</a> of Fed communications.</p>
<p>Economist Fernanda Nechio and researcher Rebecca Regan looked at data from <a href="http://prattle.co/">Prattle, a textual analysis specialist</a>, as part of an examination of the Fed's communication strategy following the financial crisis.</p>
<p>The short of it is that Prattle was accurately able to predict what the Fed's infamous "<a href="http://www.businessinsider.com/fed-dot-plot-june-2016-2016-6">dot plot</a>" would look like upon its next release.</p>
<p>Since 2012, the Fed has released a Summary of Economic Projections (SEP) — which contains economic projections from meeting participants — after every other Federal Open Market Committee meeting. The SEP also includes the dot plot, which is an aggregated forecast of where Fed officials see interest rates at various points in the future.</p>
<p>Prattle's findings show that Fed communications ahead of SEP releases can indicate where the Fed's median expectation for interest rates is likely to fall.</p>
<p>This is significant, as the median rate projection is an important number and serves as a guide to the Federal Reserve's view on the future path of interest rates.</p>
<p>The chart below shows the medium-term projections for the policy rate two to three years ahead released between September 2013 and June 2014.</p>
<p><span class="KonaFilter image-container display-table"><span><span data-post-image="" class="image on-image"><img src="http://static3.businessinsider.com/image/57d1d002b996eb74008b6c05-1010/screen%20shot%202016-09-08%20at%204.54.06%20pm.png" alt="Screen Shot 2016 09 08 at 4.54.06 PM" data-mce-source="FRBSF" /><span class="source-only"><span class="source"><span>FRBSF</span></span></span></span></span></span></p>
<p>Prattle uses a machine-learning algorithm to give each Fed communication a score, with a positive score providing a hawkish sentiment, and a negative score a dovish sentiment. </p>
<p>This chart shows Prattle scores for FOMC meeting participants’ speeches given in the weeks leading up to the FOMC meetings in September and December 2013 and March and June 2014. (Fed officials can't speak publicly for a week ahead of FOMC decisions.)</p>
<p><span class="KonaFilter image-container display-table"><span><span data-post-image="" class="image on-image"><img src="http://static3.businessinsider.com/image/57d1d02409d2931b008b6bef-1010/screen%20shot%202016-09-08%20at%204.54.37%20pm.png" alt="Screen Shot 2016 09 08 at 4.54.37 PM" data-mce-source="FRBSF" /><span class="source-only"><span class="source"><span>FRBSF</span></span></span></span></span></span></p>
<p>They look alike, right?</p>
<p>The San Francisco Fed also analyzed the median interest rate projection and the median sentiment score. The median score is especially important, as Fed officials have said this is the most accurate prediction of the path of the policy rate. Once again, Prattle's sentiment score was found to be pretty accurate.</p>
<p>"The figure shows a statistically reliable positive relationship between the median sentiment scores and the median medium-term SEP interest rate projections," the note said.</p>
<p>"This positive relationship suggests that, on average, speeches preceding the meeting that carry a more hawkish sentiment are associated with a higher projected level for the policy rate in the medium term."</p>
<p><span class="KonaFilter image-container display-table"><span><span data-post-image="" class="image on-image"><img src="http://static2.businessinsider.com/image/57d1cf1309d2937a048b6bb9-809/screen%20shot%202016-09-08%20at%204.50.05%20pm.png" alt="Screen Shot 2016 09 08 at 4.50.05 PM" data-mce-source="FRBSF" /></span></span></span></p>
<p>Courtesy of <a href="http://www.businessinsider.com/san-francisco-fed-on-prattle-2016-9" target="_blank">BusinessInsider</a></p>
</div>Signs Of Stock Market Tops And Bottomshttp://stockbuz.ning.com/articles/signs-of-stock-market-tops-and-bottoms2015-12-17T17:28:39.000Z2015-12-17T17:28:39.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p>I'm not saying that we're there. I wouldn't be surprised to see a wage five higher into 2016 before a bear market steps in but "signs" such as shown here are good to learn (and prepare).</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291284?profile=original"><img class="align-center" src="http://storage.ning.com/topology/rest/1.0/file/get/1291284?profile=original" width="702"></a></p>
<p>From an old 2014 newsletter from <a href="https://blog.variantperception.com/understanding-market-tops/" target="_blank">Variant Pereceptions</a></p></div>Chart Paloozahttp://stockbuz.ning.com/articles/chart-palooza2015-10-13T14:43:16.000Z2015-10-13T14:43:16.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p>I'm continually saving charts and data points which I find interesting but generally don't post enough to share the data. That being said, I thought "wth" and decided to share some of my most recent. Perhaps you can find a few of interest or maybe you can translate one into a trade. It certainly can't hurt. Your comments would be of interest and will be answered. Happy trading.</p>
<p>Online shoppers by income group. It certainly seems Amazon benefits by middle income buyers. Possibly they just don't have the 'time' to shop in a store, working 60+ hours a week and balancing soccer games, football, cheerleading practice, dinner, laundry, etc.</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291227?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/1291227?profile=original" width="600"></a></p>
<p>Jet[dot]com is now selling some items at a <em>loss</em> to gain marketshare from Amazon</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291267?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/1291267?profile=RESIZE_480x480" width="400"></a></p>
<p></p>
<p>We've had numerous talks in Chat over coal usage (is clean coal an oxymoron or what?) and this certainly backs up the belief that natural gas continues to be embraced.</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291300?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/1291300?profile=original" width="599"></a></p>
<p>Then we have a look at Bear markets of 20% or more.The average # of months caught my eye. No, I don't believe we're out of the woods yet.</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291374?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/1291374?profile=original" width="578"></a></p>
<p>Presented without comment.</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291406?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/1291406?profile=original" width="600"></a></p>
<p></p>
<p>More on China de-leveraging; reverting to the mean.</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291468?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/1291468?profile=original" width="599"></a></p>
<p></p>
<p>Ever wonder just "who" is feeling the most pain with the collapse in commodity prices?</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291502?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/1291502?profile=RESIZE_1024x1024" width="600"></a></p>
<p></p>
<p>Then we have projections on when the Fed will raise rates; this compared to past increases. Their rate of increase vs. what is anticipated.</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291520?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/1291520?profile=original" width="537"></a></p>
<p>Now a blip from the <a href="http://soberlook.com" target="_blank">SoberLook</a> on steel and China's overcapacity.</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291547?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/1291547?profile=original" width="599"></a></p>
<p>Lastly a look at China's production growth with many wondering just 'where' is the bottom?</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291560?profile=original"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/1291560?profile=original" width="600"></a></p></div>Diamond Top In Small Capshttp://stockbuz.ning.com/articles/diamond-top-in-small-caps2015-01-29T16:03:27.000Z2015-01-29T16:03:27.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291153?profile=original"><img class="align-left" src="http://storage.ning.com/topology/rest/1.0/file/get/1291153?profile=RESIZE_1024x1024" height="296" width="750"></a>As discussed yesterday in Chat, small caps appear to be forming a diamond which can represent a "top" or merely taking a rest or consolidation before resuming it's trek higher.</p>
<p>Theory is to trade the direction of the break higher or lower. IWM would work for a bullish breakout and TWM for a bearish break down for those who are unable to short.</p>
<p>fwiw we <a href="http://stockbuz.net/charts/long-inverse-shorting-small-caps" target="_self">recently traded TWM</a> on market weakness. Looks as though it may be setting up again.</p>
<p>For more information on diamonds, I would suggest you browse through Thomas Bulkowski's pages at <a href="http://thepatternsite.com" target="_blank">ThePatternSite.</a></p>
<p>For a technical analysis trader or investor, you need to be able to <em>properly</em> identify stock patterns his book <a href="http://www.amazon.com/s/ref=nb_sb_ss_fb_1_21?url=search-alias%3Dstripbooks&field-keywords=encyclopedia%20of%20stock%20patterns&sprefix=encyclopedia+of+stock%2Cdigital-text%2C247" target="_blank">Encyclopedia of Stock Patterns</a> is a must have.</p></div>Ribbon Study And $SPX Expansionhttp://stockbuz.ning.com/articles/ribbon-study-and-spx-expansion2014-10-12T21:02:05.000Z2014-10-12T21:02:05.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p>A Ribbon Study consists of 8 or more Simple Moving Average plots having different lengths thus forming a "ribbon". The lengths of those averages are in an arithmetic progression relation: the increment of the progression is defined by the initial and the final Moving Average lengths.</p>
<p>The way I view a moving average, especially a large one, is that is the average price of stockholders who have held since "that" point in time. So if you're looking at a 50d, it's the average price of shareholders who purchased in the last 50 days. If it's a MONTHLY moving average............NOW you're talking funds who have skin in the game and HAVE had skin in the game for months or years. I want to be one of them if I'm a long/hold investor. I want to "buy" when they buy.</p>
<p>I've always felt, that from a long/holding investing point of view, this study can also be an interesting way to view a coming expansion, after a long market consolidation. View these historical charts and give me your view. Expansion ahead or no?</p>
<p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1290933?profile=original"><img class="align-center" src="http://storage.ning.com/topology/rest/1.0/file/get/1290933?profile=RESIZE_1024x1024" width="750"></a><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1290955?profile=original"><img class="align-center" src="http://storage.ning.com/topology/rest/1.0/file/get/1290955?profile=RESIZE_1024x1024" width="750"></a><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291082?profile=original"><img class="align-center" src="http://storage.ning.com/topology/rest/1.0/file/get/1290986?profile=RESIZE_1024x1024" width="750"></a><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291000?profile=original"><img class="align-center" src="http://storage.ning.com/topology/rest/1.0/file/get/1291000?profile=RESIZE_1024x1024" width="750"></a><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291024?profile=original"><img class="align-center" src="http://storage.ning.com/topology/rest/1.0/file/get/1291024?profile=RESIZE_1024x1024" width="750"></a><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1291054?profile=original"><img class="align-center" src="http://storage.ning.com/topology/rest/1.0/file/get/1291054?profile=RESIZE_1024x1024" width="750"></a></p></div>Hackers And Security. 7 Ways To Create A Better Passwordhttp://stockbuz.ning.com/articles/hackers-and-security-7-ways-to-create-a-better-password2014-08-06T19:21:05.000Z2014-08-06T19:21:05.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p><a target="_blank" href="http://binaryapi.ap.org/e70747b035c5400792936f01f5b26447/460x.jpg"><img class="align-left" src="http://binaryapi.ap.org/e70747b035c5400792936f01f5b26447/460x.jpg" height="96" width="138" /></a>With the recent news that a Russian hacker ring has amassed some 1.2 billion username and password combinations, it's a good time to review ways to protect yourself online.</p>
<p>The hacking misdeeds were described in a New York Times story based on the findings of Hold Security, a Milwaukee firm that has a history of uncovering online security breaches.</p>
<p>Hold Security told the Times that the data was pilfered from some 420,000 websites and is "the largest known collection of stolen Internet credentials." Hold's researchers did not identify the origins of the data or name the victim websites, citing nondisclosure agreements. The company also said it didn't want to name companies whose websites are still vulnerable to hacking, according to the Times report.</p>
<p>If there's reason to believe your information might have been compromised, change your passwords immediately.</p>
<p>One of the best things you can do is to make sure your new passwords are strong. Here are seven ways to fortify them:</p>
<ul>
<li>—Make your password long. The recommended minimum is eight characters, but 14 is better and 25 is even better than that. Some services have character limits on passwords, though.</li>
<li>—Use combinations of letters and numbers, upper and lower case and symbols such as the exclamation mark. Some services won't let you do all of that, but try to vary it as much as you can. "PaSsWoRd!43" is far better than "password43."</li>
<li>—Avoid words that are in dictionaries, even if you add numbers and symbols. There are programs that can crack passwords by going through databases of known words. One trick is to add numbers in the middle of a word — as in "pas123swor456d" instead of "password123456." Another is to think of a sentence and use just the first letter of each word — as in "tqbfjotld" for "the quick brown fox jumps over the lazy dog."</li>
<li>—Substitute characters. For instance, use the number zero instead of the letter O, or replace the S with a dollar sign.</li>
<li>—Avoid easy-to-guess words, even if they aren't in the dictionary. You shouldn't use your name, company name or hometown, for instance. Avoid pets and relatives' names, too. Likewise, avoid things that can be looked up, such as your birthday or ZIP code. But you might use that as part of a complex password. Try reversing your ZIP code or phone number and insert that into a string of letters. As a reminder, you should also avoid "password" as the password, or consecutive keys on the keyboard, such as "1234" or "qwerty."</li>
<li>—Never reuse passwords on other accounts — with two exceptions. Over the years, I've managed to create hundreds of accounts. Many are for one-time use, such as when a newspaper website requires me to register to read the full story. It's OK to use simple passwords and repeat them in those types of situations, as long as the password isn't unlocking features that involve credit cards or posting on a message board. That will let you focus on keeping passwords to the more essential accounts strong.</li>
</ul>
<p>The other exception is to log in using a centralized sign-on service such as Facebook Connect. Hulu, for instance, gives you the option of using your Facebook username and password instead of creating a separate one for the video site. This technically isn't reusing your password, but a matter of Hulu borrowing the log-in system Facebook already has in place. The account information isn't stored with Hulu. Facebook merely tells Hulu's computers that it's you. Of course, if you do this, it's even more important to keep your Facebook password secure.</p>
<p>—Some services such as Gmail even give you the option of using two passwords when you use a particular computer or device for the first time. If you have that feature turned on, the service will send a text message with a six-digit code to your phone when you try to use Gmail from an unrecognized device. You'll need to enter that for access, and then the code expires. It's optional, and it's a pain — but it could save you from grief later on. Hackers won't be able to access the account without possessing your phone. Turn it on by going to the account's security settings.</p>
<p>Courtesy of <a href="http://bigstory.ap.org/article/7-ways-create-better-stronger-passwords" target="_blank">AP</a></p>
</div>4th Of July Weekhttp://stockbuz.ning.com/articles/4th-of-july-week2014-07-02T15:54:42.000Z2014-07-02T15:54:42.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1290739?profile=original"><img class="align-left" src="http://storage.ning.com/topology/rest/1.0/file/get/1290739?profile=original" height="303" width="303"></a>With the holiday up us, I see volume drying up which overall is bullish (no heavy volume selling). Non-farm payrolls are the main focus however I expect any surprise to find buyers (algos) on any dip. There seems no marco headline news to alter this at this juncture.</p>
<p>We will be taking a brief holiday to return on the 7th <strong>however</strong> check in for our Charts section as you never know what will be uploaded during this down time. </p>
<p>We haven't had a double digit correction in 33 months. How much longer can it last is anyone's guess. I remain bullish but cautious.</p>
<p>Stock up your coolers, your propane tank or charcoal and enjoy the long weekend.</p>
<p>U.S. markets will close early Thursday and remain closed on Friday the 4th. Enjoy!</p></div>Where The Jobs Are 5 Years Into The Recoveryhttp://stockbuz.ning.com/articles/where-the-jobs-are-5-years-into-the-recovery2014-06-18T15:31:05.000Z2014-06-18T15:31:05.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p>Five years since the end of the Great Recession, the economy has finally regained the nine million jobs it lost. But not all industries recovered equally. This awesome interactive from the NYTimes demonstrates what's moving and what is not along with over 200 charts drilling it down in simple terms. Tell your high school and college attendees. Are they in these growth areas? Click chart to make the jump to the interactive.</p>
<p><a target="_blank" href="http://www.nytimes.com/interactive/2014/06/05/upshot/how-the-recession-reshaped-the-economy-in-255-charts.html"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/1290799?profile=RESIZE_480x480" width="375"></a></p></div>50 Stocks Most Loved By Hedge Fundshttp://stockbuz.ning.com/articles/50-stocks-most-loved-by-hedge-funds2014-06-07T17:32:40.000Z2014-06-07T17:32:40.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><div style="background-color: #fff; color: #000066; width: 100%; margin: 0px auto; padding: 0px; float: left;"><a name="top"></a>
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<li class="dateStamp first"><small>May 22, 2014</small></li>
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<div id="article_story_body" class="article_story"><br />
<div class="yui-skin-wsj" style="margin-left: 3px;">
<div class="yui-dt" id="markup">
<table summary="">
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<col />
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<thead>
<tr class="yui-dt-first yui-dt-last">
<th class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" colspan="1" rowspan="1" id="yui-dt0-th-col_0">
<div class="yui-dt-liner" id="yui-dt0-th-col_0-liner"><span class="yui-dt-label"><a href="http://blogs.wsj.com/public/resources/documents/yui-dt0-href-col_0" title="Click to sort ascending" class="yui-dt-sortable">Company</a></span></div>
</th>
<th class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" colspan="1" rowspan="1" id="yui-dt0-th-col_1">
<div class="yui-dt-liner" id="yui-dt0-th-col_1-liner"><span class="yui-dt-label"><a href="http://blogs.wsj.com/public/resources/documents/yui-dt0-href-col_1" title="Click to sort ascending" class="yui-dt-sortable">Market Cap ( bil)</a></span></div>
</th>
<th class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" colspan="1" rowspan="1" id="yui-dt0-th-col_2">
<div class="yui-dt-liner" id="yui-dt0-th-col_2-liner"><span class="yui-dt-label"><a href="http://blogs.wsj.com/public/resources/documents/yui-dt0-href-col_2" title="Click to sort ascending" class="yui-dt-sortable">No. of funds with stock as top 10 holding</a></span></div>
</th>
<th class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" colspan="1" rowspan="1" id="yui-dt0-th-col_3">
<div class="yui-dt-liner" id="yui-dt0-th-col_3-liner"><span class="yui-dt-label"><a href="http://blogs.wsj.com/public/resources/documents/yui-dt0-href-col_3" title="Click to sort ascending" class="yui-dt-sortable">Average portfolio weight when stock ranks among top 10 holdings</a></span></div>
</th>
<th class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" colspan="1" rowspan="1" id="yui-dt0-th-col_4">
<div class="yui-dt-liner" id="yui-dt0-th-col_4-liner"><span class="yui-dt-label"><a href="http://blogs.wsj.com/public/resources/documents/yui-dt0-href-col_4" title="Click to sort ascending" class="yui-dt-sortable">Total Return (YTD)</a></span></div>
</th>
</tr>
</thead>
<tbody class="yui-dt-data" tabindex="0">
<tr class="yui-dt-first yui-dt-even" id="yui-rec0">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Google Inc.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$178</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">58</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-6%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec1">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Apple Inc.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$533</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">51</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">8%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">8%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec2">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">General Motors</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$54</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">45</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-16%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec3">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">American Intl Group</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$77</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">43</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">3%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec4">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Time Warner Cable</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$38</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">42</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">8%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">1%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec5">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">American Airlines Group</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$25</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">40</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">53%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec6">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Citigroup Inc.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$141</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">37</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-11%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec7">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Microsoft Corp.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$331</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">37</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">8%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec8">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Hertz Global Holdings</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$13</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">33</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-1%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec9">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Micron Technology</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$28</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">32</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">20%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec10">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Facebook Inc.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$148</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">30</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">6%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec11">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Cheniere Energy</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$14</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">28</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">8%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">34%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec12">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Actavis</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$36</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">27</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">5%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">24%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec13">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Forest Laboratories</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$25</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">26</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">55%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec14">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Delta Air Lines</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$32</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">25</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">38%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec15">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">NorthStar Realty Finance</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$5</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">25</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">21%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec16">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Bank of America</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$153</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">24</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-7%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec17">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Charter Communications</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$15</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">24</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">1%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec18">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Liberty Global Class C</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$33</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">24</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-1%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec19">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">JPMorgan Chase</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$202</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">23</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">4%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-8%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec20">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Liberty Interactive</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$14</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">23</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-3%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec21">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">eBay Inc.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$67</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">22</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">5%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-5%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec22">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Twenty-First Century Fox</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$77</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">22</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-3%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec23">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Amazon.com</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$137</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">21</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">5%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-25%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec24">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">CBS Corp.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$34</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">21</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">5%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-10%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec25">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Visteon Corp.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$4</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">21</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">9%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">11%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec26">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">American Realty Capital</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$10</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">20</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">9%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">6%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec27">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Priceline Group Inc</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$59</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">20</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-2%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec28">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Valeant Pharmaceuticals</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$42</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">20</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">10%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">8%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec29">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Crown Castle Intl</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$26</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">19</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">5%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">5%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec30">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">DISH Network Corp.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$27</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">19</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">4%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec31">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Endo International</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$8</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">19</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">6%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec32">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Lamar Advertising</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$5</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">19</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-5%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec33">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Constellation Brands</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$16</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">19</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">18%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec34">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Assured Guaranty</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$4</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">18</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">3%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec35">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Anadarko Petroleum</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$50</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">18</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">25%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec36">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Berkshire Hathaway</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$313</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">18</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">7%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec37">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">United Rentals</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$9</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">18</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">5%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">22%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec38">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Verizon Communications</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$203</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">18</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">2%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec39">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Walgreen Co.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$64</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">18</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">19%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec40">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Baidu Sponsored ADR</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$54</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">17</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">5%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-13%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec41">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Equinix Inc.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$10</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">17</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">10%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec42">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Halliburton</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$53</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">17</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">5%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">24%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec43">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">HCA Holdings</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$23</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">17</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">5%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">7%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec44">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Hess Corp.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$28</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">17</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">7%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">6%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec45">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">CF Industries Holdings</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$13</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">16</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">4%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec46">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">News Corp.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$10</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">16</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-5%</div>
</td>
</tr>
<tr class="yui-dt-odd" id="yui-rec47">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Comcast Corp.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$131</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">15</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-3%</div>
</td>
</tr>
<tr class="yui-dt-even" id="yui-rec48">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">SunEdison, Inc.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$5</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">15</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">6%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">35%</div>
</td>
</tr>
<tr class="yui-dt-last yui-dt-odd" id="yui-rec49">
<td class="yui-dt0-col-col_0 yui-dt-col-col_0 yui-dt-sortable yui-dt-first" headers="yui-dt0-th-col_0">
<div class="yui-dt-liner">Yahoo! Inc.</div>
</td>
<td class="yui-dt0-col-col_1 yui-dt-col-col_1 yui-dt-sortable" headers="yui-dt0-th-col_1">
<div class="yui-dt-liner">$34</div>
</td>
<td class="yui-dt0-col-col_2 yui-dt-col-col_2 yui-dt-sortable" headers="yui-dt0-th-col_2">
<div class="yui-dt-liner">15</div>
</td>
<td class="yui-dt0-col-col_3 yui-dt-col-col_3 yui-dt-sortable" headers="yui-dt0-th-col_3">
<div class="yui-dt-liner">8%</div>
</td>
<td class="yui-dt0-col-col_4 yui-dt-col-col_4 yui-dt-sortable yui-dt-last" headers="yui-dt0-th-col_4">
<div class="yui-dt-liner">-17%</div>
</td>
</tr>
</tbody>
</table>
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</div>The Market Will Always Come Back? Do They?http://stockbuz.ning.com/articles/the-market-will-always-come-back-do-they2014-06-03T16:52:43.000Z2014-06-03T16:52:43.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p>Your hear the reassuring echos all of the time.  <em>"Don't worry! The market will always come back.</em>"  But do they?  What about dividend reinvesting and adjusted for inflation?  Given the data, one can easily <span class="cometchat_chatboxmessagecontent">see why smart money continues to invest in bonds,</span> <span class="cometchat_chatboxmessagecontent">annuities, universal life, etc.  Merely my .02 cents but remember, charts don't lie - people do.<br /></span></p>
<p>Consider these two overlays — one with the nominal price, excluding dividends, and the other with the price adjusted for inflation based on the Consumer Price Index for Urban Consumers (which I usually just refer to as the CPI). The charts below have been updated through today's close.</p>
<p></p>
<div class="contentMediaBox inlineblock" id="img_in_0"><a><img src="http://c3352932.r32.cf0.rackcdn.com/content/pic2b20c2fa1a568286f530f251df7c3668.gif" alt="The Big Three" title="The Big Three" align="bottom" border="0" width="474" /></a>
<div class="contentMediaBoxBottom defaultFont middle"><span class="inlineblock middle imgCaptionText">The Big Three</span></div>
</div>
<p></p>
<div class="contentMediaBox inlineblock" id="img_in_1"><a><img src="http://c3352932.r32.cf0.rackcdn.com/content/pic5307c4cbaf50aee69fdb93039d1a4261.png" alt="The 'Real' Big Three" title="The 'Real' Big Three" width="474" /></a>
<div class="contentMediaBoxBottom defaultFont middle"><span class="inlineblock middle imgCaptionText">The 'Real' Big Three</span></div>
</div>
<div class="contentMediaBox inlineblock" id="img_in_2"><img src="http://c3352932.r32.cf0.rackcdn.com/content/pic25f07080e22bf63d34ef1d0110c2bddc.gif" alt="Price Change" title="Price Change" align="bottom" border="0" width="321" />
<div class="contentMediaBoxBottom defaultFont middle"><span>Price Change</span></div>
</div>
<p><br />
The charts require little explanation. So far the 21st Century has not been especially kind to equity investors. Yes, markets usually do bounce back, but often in time frames that defy optimistic expectations.</p>
<p>The charts above are based on price only. But what about dividends? Would the inclusion of dividends make a significant difference? I'll close this post with a reprint of my latest chart update of the S&P 500 total return on a $1,000 investment at the 2000 high.</p>
<p></p>
<div class="contentMediaBox inlineblock" id="img_in_3"><a target="_blank" href="http://c3352932.r32.cf0.rackcdn.com/content/pic3d34bc726d5e53a53c7b126dc1561552.gif"><img class="align-left" src="http://c3352932.r32.cf0.rackcdn.com/content/pic3d34bc726d5e53a53c7b126dc1561552.gif?width=474" width="474" /></a>
<div class="contentMediaBoxBottom defaultFont middle"><span class="inlineblock middle imgCaptionText">Total/Real return On $1k Investment</span></div>
</div>
<p>Total return, including reinvested dividends, certainly looks better, but the real (inflation-adjusted) purchasing power of that $1,000 is currently, over 14 years later, only 191 dollars above break-even. That equates to a 1.24% annualized real return.</p>
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<p>(hat tip member GT)Data courtesy of <a href="http://www.investing.com/analysis/the-big-3-since-their-2000-highs-214864" target="_blank">Investing.com</a></p>
</div>Add A Celebrity To The Board: Does It Improve Stock Performance?http://stockbuz.ning.com/articles/add-a-celebrity-to-the-board-does-it-improve-stock-performance2014-06-03T16:05:06.000Z2014-06-03T16:05:06.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><div style="float: left; margin: 0 10px 5px 0;"><object id="flashObj" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" bgcolor="#FFFFFF" height="326" width="580"><param name="flashVars" value="videoId=3596903548001&playerID=590314128001&playerKey=AQ~~,AAAACxbljZk~,eD0zYozylZ3KmYvlyzd8myNVJz2Gttzx&domain=embed&dynamicStreaming=true" ></param>
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<p>Bono joining the board of Fender and rumors that Dr. Dre will join the board at $AAPL. What do academics say about share prices and out performance when celebs take a seat at the board room table?  Increased exposure, higher consumer interest, improved sales.........or just a temporary blip on the chart?</p>
<p>Imagine the fight over Steven McQueen if he were alive today.  Ever car manufacturer, including TSLA, would go wild. </p>
<p>Courtesy of <a href="http://ft.com" target="_blank">FT</a></p>
</div>40 Alternatives To Collegehttp://stockbuz.ning.com/articles/40-alternatives-to-college2014-06-02T18:43:54.000Z2014-06-02T18:43:54.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p>By James "bad hair" Altucher</p>
<center><iframe src="http://www.slideshare.net/slideshow/embed_code/35097363?rel=0" marginwidth="0" marginheight="0" scrolling="no" style="border:1px solid #CCC; border-width:1px 1px 0; margin-bottom:5px; max-width: 100%;" allowfullscreen="" frameborder="0" height="421" width="512"></iframe>
<div style="margin-bottom:5px"><strong><a href="https://www.slideshare.net/JamesAltucher/james-altucher-40-alternatives-to-college" title="James Altucher: 40 Alternatives To College" target="_blank">James Altucher: 40 Alternatives To College</a></strong> from <strong><a href="http://www.slideshare.net/JamesAltucher" target="_blank">JamesAltucher</a></strong></div>
</center>
</div>Einhorn On Momo Stocks, Bonds, Miners, AAPL And Morehttp://stockbuz.ning.com/articles/einhorn-on-momo-stocks-bonds-miners-aapl-and-more2014-05-31T21:36:46.000Z2014-05-31T21:36:46.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><h1><span class="font-size-3"><a target="_blank" href="http://ts3.mm.bing.net/th?&id=HN.608023376202893503&w=300&h=300&c=0&pid=1.9&rs=0&p=0"><img class="align-left" src="http://ts3.mm.bing.net/th?&id=HN.608023376202893503&w=300&h=300&c=0&pid=1.9&rs=0&p=0" /></a>David Einhorn’s Comments at the Greenlight Re (GLRE) Investor Day on May 20th 2014</span></h1>
<p></p>
<ul>
<li>Bernanke was predictable, but the new chairwoman is less predictable.</li>
<li>It has been 5 yrs into the recovery. Corporate profits have increased a lot and continue to grow. Current earnings expectations are high at a double-digit growth rate. Q1 numbers are showing the economy growing at  ~1%.</li>
<li>The fund is fully invested at 114% long and 66% short. It has increased its net long book from 35 to 50%.</li>
<li>Largest longs are Alpha Bank, Apple, gold, Marvel, Micron, and Oil States International.</li>
<li>Longs are cash-rich tech companies and businesses benefiting from structural changes. Shorts include secular decliners, momentum stocks, and iron ore related companies. Macro overlay due to monetary policy and unresolved imbalances.</li>
<li>Divergence between stock and bond markets?  Bond market is saying that economy is slowing down and yields have come down. Yields are not down because of deflation – we are not in deflation as commodity prices have been up. Equity markets are ignoring any slowdown because of the excuse that slowdown was related to bad weather. GLRE is pretty agnostic to how the market turns out.</li>
<li>Credit spreads very tight? Europe has not resolved its issues. Countries can’t roll their debt in a crisis. This is a structural weakness. France’s spreads have not widened. French bonds are mispriced relative to Italian and Greek bonds. They have hedges in France.</li>
<li>Thoughts on momentum stocks? Momentum stocks can go down a lot. They didn’t short these on their way up. If the price drops by 50% it doesn’t make the stock price half silly. It is still silly. Tech sector was 30% of the market in the bubble of 2000. Money can rotate out of these momentum stocks and go into other parts of the market. In that case the entire market may not go down.</li>
<li>Why not buy a cheap reinsurance company to grow GLRE? Have discussed acquisitions internally. They liquidated a position in Aspen and it was bought out 3 days after they sold. They sold because premiums grew quite a bit.</li>
<li>What does he think of the Hedge Fund and Reinsurance model after 10 years of GLRE? Big picture reasons still remain for the model to exist. Asset strategy and underwriting strategy support each other and one doesn’t have to stretch on either side to get decent returns. Now the new model can get a rating from AM Best.</li>
<li>How does he look at gold as a fundamental value investor? He thinks of gold as an alternative currency.</li>
<li>Why Gold miners ETF GDX or individual companies? They chose an index of companies. Individual companies have big question on reserves, nationalization risk – evaluating these is not their strength. Analyzing coal companies has similar issues and a mine can collapse. They change their position between Gold commodity and GDX. They have double-digit exposure to gold.</li>
<li>Short iron ore position? They have been short since summer 2012. Iron ore companies invested aggressively thru downturn, enormous capex and they thought this will create excess supply.  They thought that demand from China was unsustainable and even if China grew iron ore, there will be surplus capacity.</li>
<li>AAPL capital management and operations? When they started investing in Apple, capital management was poor but not important because cash was not large. Cash grew and stock went down so cash became bigger % of market cap so capital management was more relevant. AAPL operations: big question is if margins will go down dramatically especially if the next new great phone is not from Apple? Probably not.  When Motorola had the best phone it got big multiples. Then Nokia had the best phones – it got big multiples. Then Blackberry had high multiples. AAPL has iOS, people have music on iTunes, people have pictures and lot of info in the cloud. You want to keep your stuff the same way. Next new phone cant be just 10% better for you to switch to the new phone and that creates a moat for Apple. They also have sales, which are recurring like apps, which is a very high margin business.</li>
</ul>
<p>Courtesy of <a href="https://www.santangelsreview.com/2014/05/23/david-einhorns-comments-at-the-greenlight-re-glre-investor-day-on-may-20th-2014/" target="_blank">Santanglesreview</a></p>
<p></p>
</div>Make A Killing On Wall Street. Start Meditatinghttp://stockbuz.ning.com/articles/make-a-killing-on-wall-street-start-meditating2014-05-31T16:07:05.000Z2014-05-31T16:07:05.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p><a target="_blank" href="http://www.bloomberg.com/news/2014-05-28/to-make-killing-on-wall-street-start-meditating.html"><img class="align-left" src="http://www.bloomberg.com/image/i7lYQc0cAlQU.jpg?width=415" width="415" /></a>When stock and bond markets took a dive in late January, hedge-fund manager David Ford kept his cool.</p>
<p>Ford watched <a href="http://topics.bloomberg.com/emerging-markets/">emerging markets</a> melt down and read warnings that the U.S. economy could crater too. As prices dropped, he overcame the impulse to flee with the rest of the herd and, instead, bought more corporate bonds, <a href="http://topics.bloomberg.com/bloomberg-pursuits/">Bloomberg Pursuits</a> will report in its Summer 2014 issue.</p>
<p>After two decades as a trader, Ford credits his serenity to experience -- and to the 20 minutes he spends in his pajamas each morning repeating a meaningless mantra bestowed on him by a teacher of Transcendental Meditation two years ago.</p>
<p>“I react to volatile markets much more calmly now,” Ford, 48, says. “I have more patience.”</p>
<p>He also has more money. Latigo Partners LP, his event-driven credit fund, climbed 24 percent last year. He almost beat the surging stock market with a bond fund. Ford is part of a growing number of Wall Street traders, including A-list hedge-fund managers Ray Dalio, Paul Tudor Jones and Michael Novogratz, who are fine-tuning their brains -- and upping their games -- with meditation. Billionaire investor Daniel Loeb, who once likened a chief executive officer to a drug addict during one of his frequent public rants, in February praised meditation while sharing a stage with the Dalai Lama in Washington, D.C.</p>
<p>The idea that Type-A traders are seeking profit with the same tool that Buddhist monks use to achieve enlightenment might seem like sacrilege. Yet most people misunderstand meditation, says <a href="http://www.jaymichaelson.net/evolvingdharma/" title="Open Web Site" rel="external">Jay Michaelson</a>, author of “Evolving Dharma: Meditation, Buddhism, and the Next Generation of Enlightenment.”</p>
<h2>Samurai Practice</h2>
<p>“Meditation used to have this reputation as a hippie thing for people who speak in a particularly soft tone of voice,” Michaelson says. Not so. “Samurai practiced meditation to become more effective killers,” he says. So too did kamikaze pilots. “It’s value neutral,” Michaelson says.</p>
<p>Workers at <a title="Get Quote" href="http://www.bloomberg.com/quote/GS:US" class="web_ticker">Goldman Sachs Group Inc. (GS)</a> are folding into the lotus position in droves, says Elizabeth Sudler, an instructor the firm retains. Classes where students breathe and monitor their wandering minds have waiting lists several hundred long, Goldman spokesman David Wells says. One trader there gets a twinge in his gut when he senses a move in the markets, Sudler says. Meditating gives him an edge, he told her, by tuning into that sensation more reliably. Others report downshifting more easily after work and sleeping better at night.</p>
<p>“Goldman employees are under a lot of pressure to produce,” Sudler says. “No one wants to be left behind.”</p>
<h2>Anxiety, Psoriasis</h2>
<p>Meditation is going mainstream in part because science is substantiating what heretofore had been taken on faith. Up until 1983, only three peer-reviewed studies on meditation had ever been published, Michaelson says. By last year, there were more than 1,300 studies showing an almost absurd number of benefits, from alleviating anxiety, depression and insomnia to reducing heart disease and speeding recovery from psoriasis.</p>
<p>A 2005 study published by Harvard Medical School neuroscientist Sara Lazar showed that meditating enhances the prefrontal cortex, likely creating more connections between neurons and enlarging blood vessels. Among other functions, the prefrontal cortex processes sensory information, handles rational decisions and regulates the amygdala, the structure that feeds our fight-or-flight instinct. A tame amygdala may be why David Ford bought bonds amid the panic -- a prescient move as markets rebounded.</p>
<h2>‘Brain Hacking’</h2>
<p>Michaelson calls meditation “brain hacking,” because it exploits the elastic nature of our gray matter, altering its makeup, as Lazar and other scientists have proved. As such, it may be the ultimate disruptive technology, he says. That kind of talk gets the attention of traders, says Jeff Walker, former head of JPMorgan Chase & Co.’s private-equity unit and a longtime meditator.</p>
<p>“These guys are saying, ‘There’s an edge here that I need,’” Walker says.</p>
<p>Humans have been meditating in some form for millennia. Hindu texts from 1500 BC describe the practice, which hit the big time when a Hindu prince named Siddhartha Gautama became disenchanted with the empty opulence of the day and took up residence beneath a fig tree to contemplate the causes of human suffering. (Hint: Desire is a key culprit.) Through the teachings of Siddhartha -- who sat down a prince and, after 49 days, arose the Buddha -- mindful meditation radiated out into the world.</p>
<h2>Inhaling, Exhaling</h2>
<p>There are many forms of meditation. Vipassana, for example, starts with concentrating on one thing, such as the breath. If a dog barks, you might register it before quickly refocusing on inhaling and exhaling. Mental intrusions are treated the same way: Thoughts such as “book NetJets” or “offload bitcoins” quickly pass like leaves floating on a stream.</p>
<p>Jon Kabat-Zinn, founding executive director of the Center for Mindfulness in Medicine, Health Care and Society at the University of Massachusetts Medical School, defines mindfulness as “paying attention in a particular way, on purpose, in the present moment and nonjudgmentally.” The aim is to become more aware of the present and avoid getting hijacked by the past or the future. Central to Buddhism are the unsettling notions that everything we know is impermanent and that all we have is the here and now.</p>
<p>Transcendental Meditation uses a mantra -- the repetition of a single sound -- to settle the mind into its least-excited state. The TM folks, through the years, have consistently asserted their superiority over other disciplines.</p>
<h2>Wellness Benefits</h2>
<p>The website of the nonprofit <a href="http://www.tm.org/" title="Open Web Site" rel="external">Maharishi Foundation USA</a>, for example, has variously claimed that “only TM has been found in hundreds of studies to produce immediate and long-term wellness benefits of mind and body” and that “no other program for personal development has received this level of attention and respect from the scientific community.”</p>
<p>Transcendental Meditation was developed by Maharishi Mahesh Yogi (née Mahesh Prasad Varma). Born near Jabalpur, <a href="http://topics.bloomberg.com/india/">India</a>, around 1918, the Maharishi, or Great Seer, started teaching his method in 1955 and became a guru to the Beatles, who famously traveled to Rishikesh, India, in 1968 to study with him.</p>
<p>Despite Transcendental Meditation’s claims of superiority, John Denninger, director of research at the Benson-Henry Institute for Mind Body Medicine at Massachusetts General Hospital in <a href="http://topics.bloomberg.com/boston/">Boston</a>, isn’t so sure.</p>
<p>“I’m not convinced that any difference in outcome is big enough to say you need to do one type of meditation over another,” Denninger says. “Getting people to do it in the first place is what matters.”</p>
<h2>Perceptive Monks</h2>
<p>Some of the most-striking research has come from the University of California at Davis. Clifford Saron, a neuroscientist there who speaks with the slow, gentle tone of a holy man, went to the foothills of the Himalayas in the 1990s to study Buddhist monks. Their serene focus inspired him to organize the <a href="http://mindbrain.ucdavis.edu/labs/Saron" title="Open Web Site" rel="external">Shamatha Project</a>. With his friend and former monk B. Alan Wallace, Saron selected 60 people and tested their attention and cognition. Thirty of them then attended a meditation retreat in <a href="http://topics.bloomberg.com/colorado/">Colorado</a>. (The other 30 went later.)</p>
<p>After three months, Saron re-examined the initial group and discovered any number of striking changes. For one, the meditators were literally more perceptive: They could discern smaller differences between long and short lines flashed on a screen.</p>
<p>“How much does an infant learn when it is alert and relaxed?” Saron asks rhetorically. “That works for us, as well.”</p>
<h2>Lower Cortisol</h2>
<p>Some of Saron’s subjects also exhibited lowered levels of cortisol, the hormone produced by the adrenal gland to help us deal with stressful situations, such as getting chased by a water buffalo -- or watching a stock holding get crushed after an unfavorable earnings report. (Cortisol is also associated with increased belly fat and diminished cognitive performance; in other words, it makes us fat and stupid.)</p>
<p>Perhaps most surprising: Levels of telomerase, an enzyme that protects genetic material during cell division and delays cell death, were higher in the retreat group. By boosting telomerase, meditation could possibly extend life.</p>
<p>Skeptics, including some who’ve logged countless hours of silent sitting, say that the promise of meditation sometimes exceeds what’s practical. <a href="http://theenergyproject.com/about/tony-schwartz" title="Open Web Site" rel="external">Tony Schwartz</a>, author of “Be Excellent at Anything: The Four Keys to Transforming the Way We Work and Live,” says he’s meditated for hundreds of hours, starting 25 years ago.</p>
<h2>Lotus Position</h2>
<p>“But the more time I spent meditating, the less value I derived from it,” he wrote in a January <a href="http://dealbook.nytimes.com/2014/01/31/more-mindfulness-less-meditation" title="Open Web Site" rel="external">column</a> in the New York Times. Nor has he seen evidence that the practice makes people happier or leads to better behavior. “Don’t expect more than it can deliver,” he wrote.</p>
<p>Meditation’s arrival on Wall Street closes a circle of sorts. Whereas Siddhartha Gautama took to the lotus position out of frustration with his riches, traders are hitting the mat to obtain them. Dalio, for example, runs the largest hedge-fund firm in the world and is worth $14 billion, according to the Bloomberg Billionaires Index. He’s also the most vocal proponent of meditation in finance and claims the practice has been the single biggest factor in his success.</p>
<p>Dalio, 64, discovered Transcendental Meditation through the Beatles. He’s been at it for 42 years, sitting for 20 minutes, twice on most days, he says. He’s so convinced of its benefits that he pays half the cost of Transcendental Meditation instruction for the employees at his Westport, <a href="http://topics.bloomberg.com/connecticut/">Connecticut</a>–based Bridgewater Associates LP.</p>
<h2>‘Like a Ninja’</h2>
<p>A competitive edge, not enlightenment, seems to be driving Dalio. “I feel like a ninja in a fight,” Dalio said of his professional equanimity, during a February panel discussion in New York on the benefits of meditation. “When it comes at you, it seems like slow motion.”</p>
<p>Tudor Jones is another hedge-fund billionaire on a quest for inner peace and profit. A PBS documentary from 1987 shows him trading in the most agitated, un-Buddhalike manner imaginable. Twenty-five years later, he and his wife, Sonia, an Ashtanga yoga enthusiast, gave $12 million to create the Contemplative Sciences Center at the University of Virginia in Charlottesville, Jones’s alma mater.</p>
<p>David Mick teaches an undergraduate business school course there called “Cultivating Wisdom and Well-Being for Personal and Professional Growth.” He recommends meditation and takes each semester’s students on a field trip to Yogaville, a nearby ashram. “You can’t be a wiser person if you can’t discipline your mind,” says Mick, who meditates every morning.</p>
<h2>‘Powerful Drug’</h2>
<p>Willoughby Britton, a neuroscientist at Brown University, warns that neophytes should proceed with caution. Spending hours contemplating impermanence can foster anxiety and sadness. She has seen people experience psychotic episodes on meditation retreats, convincing themselves, for example, that the teacher is evil and must be killed. “This is a powerful drug; it’s not a hot bath,” Britton says, adding that the risks are worth the rewards.</p>
<p>Unlike some other Western practitioners, Joan Halifax, a roshi, or revered teacher, at the Upaya Zen Center in Santa Fe, New Mexico, says she’s concerned the lords of finance are using meditation for unjust ends, ignoring the moral principles embodied in Buddhism.</p>
<p>“You can train people with meditation to be sharpshooters,” she says. “Are they trying to get smarter so they can exploit more people? Or are they interested in creating a more just financial system?”</p>
<p>Dalio, for one, has agreed to give most of his fortune to charity under the <a href="http://givingpledge.org/" title="Open Web Site" rel="external">Giving Pledge</a> program started by <a href="http://topics.bloomberg.com/warren-buffett/">Warren Buffett</a> and Bill Gates, a move that would probably have impressed the Buddha himself, who lived by daana, or a spirit of generosity.</p>
<p>Before you give that fortune away, though, you have to earn it. Some of the brightest minds in finance are betting that meditation will help them do just that.</p>
</div>NFLX To Face More Competitionhttp://stockbuz.ning.com/articles/nflx-to-face-more-competition2014-05-30T18:42:10.000Z2014-05-30T18:42:10.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p>In the area of streaming video and television, Mode Media (previously Glam) had quietly filed for <a href="http://nypost.com/2014/02/18/for-a-glam-ipo-wall-street-will-need-wooing/" target="_blank">IPO in 2013</a> and postponed it's IPO indefinitely in 2011.  I'm sure board member Mark Andreessen would love to push it forward but is this the right time with markets at all time new highs? </p>
<div class="graph left-article-2"><a target="_blank" href="http://www.adweek.com/files/imagecache/node-detail/news_article/project-m-video-hed-2014.jpg"><img class="align-left" src="http://www.adweek.com/files/imagecache/node-detail/news_article/project-m-video-hed-2014.jpg?width=326" width="326" /></a></div>
<p class="google_elide"><a href="http://www.adweek.com/news/advertising-branding/do-advertisers-have-any-use-blog-networks-151009" target="_blank">Glam Media</a> changed its name to Mode Media at its NewFronts event today in New York. Glam chief Samir Arora told Adweek prior to the presentation that the new moniker reflects a commitment to entertainment as well as rebranding its properties beyond its core women's lifestyle offerings.</p>
<p class="google_elide">And he's evidently not kidding about entertainment. Over the last 18 months, his team has quietly developed a consumer-facing video product, which Arora likens more to Netflix than iTunes. Five to 20 percent of the video programming will be original content, but the rest of the shows will originate from syndicated deals made with TV companies. Mode Media has been working with <a href="http://www.adweek.com/news/advertising-branding/caa-marketing-discusses-chipotles-new-fiona-apple-animation-152512" target="_blank">Creative Artists Agency</a> (CAA) to acquire quality content. It announced 10 original series at the NewFronts presentation in downtown Manhattan, while promising to deliver another eight in the near term.</p>
<p class="google_elide">"We will be able to distribute our video in different channels and verticals across our current reach," Arora explained. "We wanted to take the time to build the platform in order to aid in the discovery of our content."</p>
<p class="google_elide">In addition, the company has built studios in Los Angeles and New York to create original video content. Arora said the video offering will include short- and long-form Web series as well as full feature films.</p>
<p class="google_elide">New programs include a food show called Tastemakers, which will showcase international cuisine, as well as Haute Havens, an <a href="http://www.mtv.com/shows/cribs/series.jhtml" target="_blank">MTV Cribs-styled</a> show that entails celebrities giving a peek into the homes of fashion icons. And then there's Designer in a Diner, an interview series with fashion industry insiders at their preferred local eateries.</p>
<p class="google_elide">"These are top talent, top production quality series done in our studios with celebrity talent. It's a great lineup," Arora boasted.</p>
<p class="google_elide">Glam Media, which was called Project Y <a href="http://en.wikipedia.org/wiki/Glam_Media" target="_blank">at launch in 2003</a>, has been known as a destination for beauty and fashion blogs, recently charting on comScore as the seventh largest media property with 250 million monthly unique visitors globally. Now, Glam for Style, one of the company's content staples, will become a single vertical within Mode Media and will make room for other channels, including Mode Entertainment, Brash for Men's Lifestyle, Home, Fashion & Beauty, Foodie for Recipes & Restaurants and Tend for Family & Parenting.</p>
<p class="google_elide">Digital video streaming is heating up with <a href="http://www.adweek.com/news/television/hbo-shows-including-sopranos-coming-amazon-prime-157193" target="_blank">Amazon Prime's recent entry</a>, which would seem to deter a brand like Glam/Mode Media from joining the fray.</p>
<p class="google_elide">But Arora said it was time to enter the space because the company already operated on a Netflix-like model with its blog content, paying more than $200 million in revenue to partner publishers. The CEO said, once again citing comScore, his videos—none of which have been original programming—reach 11.5 million monthly. That's barely shy of the 13 million from <a href="http://www.adweek.com/sa-article/hulu-premium-content-and-tv-fanatics-157232" target="_blank">Hulu</a>, according to comScore.</p>
<p class="google_elide">Courtesy of <a href="http://www.adweek.com/news/technology/glam-media-rebrands-mode-media-and-takes-netflix-157345" target="_blank">AdWeek</a></p>
</div>Test Yourself. Are You A Psychopath?http://stockbuz.ning.com/articles/test-yourself-are-you-a-psychopath2014-05-30T13:12:47.000Z2014-05-30T13:12:47.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p class="desktop"><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1290780?profile=original"><img class="align-right" src="http://storage.ning.com/topology/rest/1.0/file/get/1290780?profile=RESIZE_480x480" width="375"></a>Everyone knows at least one, if you ask my humble opinion. I have a few prior salesmen and Managers I'm confident would score highly on this subject and I have no doubt that there are <span style="text-decoration: underline;"><strong>far</strong> <strong>more</strong></span> psychopaths out there than most realize exist. I'm certain many more in certain career fields than others. For example there's probably far more in finance than there are in nursing however that's purely my opinion.</p>
<p class="desktop">Psychopathy is a condition that causes people to display anti-social behaviour, lack of empathy and remorse, and fearless dominance. <a href="http://psychopath.channel4.com/quizzes.html#modal-FindOutMore" data-modal="modal-FindOutMore" class="modal">Find out more .</a> This test were devised by Professor Kevin Dutton, University of Oxford. He is a best selling author and an expert on the psychopathic personality.</p>
<p class="desktop">Psychopathy does not always lead to criminal behavior. However when psychopathy is accompanied with low social cognition, it will usually lead to pathological narcissism. This narcissism drives violence behavior towards others and triggers failure in relationship and in keeping an occupation. A psychopath never feels remorse for their actions.</p>
<p class="desktop">Everyone has these characteristics to some degree and certainly having these traits does not a serial killer make. In fact having the dial turned up high can actually help you succeed in life. </p>
<p class="desktop">I scored 39% so apparently my friends and relatives are safe from any dastardly deeds being perpetrated. Though my conscience is in the right place I also have a pragmatic streak and generally aren’t afraid to do my own dirty work. I'm no shrinking violet - but no daredevil either. I generally have little trouble seeing things from another person’s perspective but, at the same time, are no pushover. ‘Everything in moderation – including moderation’ might sum up your approach to life.</p>
<p class="desktop">Take the test and find out where you (or your partner) sit on the spectrum.</p>
<p class="desktop"><a href="http://psychopath.channel4.com/quizzes.html#test2" target="_blank">TAKE THE QUIZ</a></p></div>Funday Monday Reads May 19thhttp://stockbuz.ning.com/articles/funday-monday-reads-may-19th2014-05-19T16:40:28.000Z2014-05-19T16:40:28.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><ul>
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<p>MIT on unfilled job vacancies says “You do need skills, but they are within reach of most Americans.”  <a href="http://newsoffice.mit.edu/2013/mit-pie-conference-0924">http://newsoffice.mit.edu/2013/mit-pie-conference-0924</a></p>
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<p>Analysts return from SPLK conference with high praise <a href="http://seekingalpha.com/news/1757723-analysts-return-from-splunk-conference-with-high-praise">http://seekingalpha.com/news/1757723-analysts-return-from-splunk-conference-with-high-praise</a></p>
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<p>After Fridays' close CME changed margin requirements on Coal, Crude Oil, Electricity, Equity Index, Metals, and NGLs Outrights- Effective Friday, May 16, 2014 <a href="http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv14-192.pdf">http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv14-192.pdf</a></p>
</li>
<li>
<p>Iron ore prices drop below $100 as China cools it’s housing sector and focuses on it’s consumers <a href="http://www.bloomberg.com/news/2014-05-19/iron-ore-drops-below-100-for-first-time-since-2012.html">http://www.bloomberg.com/news/2014-05-19/iron-ore-drops-below-100-for-first-time-since-2012.html</a></p>
</li>
<li>
<p>Alibaba rep tells FOX they’re looking at July or August for their IPO</p>
</li>
</ul>
</div>Hump Day Reads May 14thhttp://stockbuz.ning.com/articles/hump-day-reads-may-14th2014-05-14T20:43:44.000Z2014-05-14T20:43:44.000ZKoshttp://stockbuz.ning.com/members/Kos<div><p><span style="font-family: arial,helvetica,sans-serif;" class="font-size-2"><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1290747?profile=original"><img class="align-left" src="http://storage.ning.com/topology/rest/1.0/file/get/1290702?profile=RESIZE_320x320" height="240" width="317"></a></span></p>
<ul>
<li><span style="font-family: arial,helvetica,sans-serif;" class="font-size-2">Normally very bullish Piper Jaffray warns <em>the stealth correction should NOT be ignored. </em>BofA agrees. <a href="http://www.cnbc.com/id/101664475" target="_blank">CNBC</a></span></li>
<li><span style="font-family: arial,helvetica,sans-serif;" class="font-size-2"><a rel="nofollow" href="http://email.seekingalpha.com:80/track?type=click&mailingid=20140514&messageid=wall_street_breakfast&databaseid=&serial=wall_street_breakfastO20140514O.d300859ec017f99a38379ad7682f7b5a.1400063875&emailid=mrsbuz1%40aol.com&userid=304377&extra=&&&3000&&&http://www.bloomberg.com/news/2014-05-14/u-k-first-quarter-jobless-rate-falls-to-five-year-low-of-6-8-.html" target="_blank">The U.K.'s unemployment rate fell to a 5-year low of 6.8% in Q1</a>, said the Office for National Statistics today, giving more fuel to those calling on the Bank of England to hike rates.</span></li>
<li><span style="font-family: arial,helvetica,sans-serif;" class="font-size-2">The 10 year broke 2014 support. The 2.6 level is a "<em>magic number for some, as it has been a risk-down, risk-off trigger. <span style="text-decoration: underline;"><strong>There are investors who sell stocks after it gets below 2.6 percent, as it's seen as predicting an economic slowdown</strong></span></em>" said <a href="http://www.cnbc.com/id/101671888" target="_blank">Art Hogan</a>, chief market strategist at Wunderlich Securities. (click chart to enlarge)<br></span></li>
<li><span style="font-family: arial,helvetica,sans-serif;" class="font-size-2">Morgan Stanley analysts are calling a bottom in coal mining stocks, seeing a recovery in the thermal coal market pulled forward by the recent polar vortex and extreme cold; inventories have been falling rapidly, and the firm believes thermal coal prices will continue to rise.</span></li>
<li><span style="font-family: arial,helvetica,sans-serif;" class="font-size-2">Following public backlash on proposed Net Neutrality rules, the FCC backtracks and says it won’t allow the internet to become fast and slow lanes. <a rel="nofollow" href="http://online.wsj.com/news/article_email/SB10001424052702303627504579556200630931292-lMyQjAxMTA0MDEwMTExNDEyWj" target="_blank">WSJ</a></span></li>
</ul></div>Who Is Buying Equities Here?http://stockbuz.ning.com/articles/who-is-buying-equities-here2014-05-13T19:57:31.000Z2014-05-13T19:57:31.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p>Presented without commentary. <a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1290648?profile=original"><img class="align-right" src="http://storage.ning.com/topology/rest/1.0/file/get/1290648?profile=original" width="470"></a></p></div>Sunny Saturday Reads May 10thhttp://stockbuz.ning.com/articles/sunny-saturday-reads-may-10th2014-05-10T20:16:47.000Z2014-05-10T20:16:47.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p>And what are we doing at our computers. It's beautiful outside - go enjoy the day........and <span class="font-size-4" style="text-decoration: underline;"><strong>don't forget to pick up somethin<a target="_blank" href="http://www.motherjones.com/files/workplace-safety-charts_2.jpg"><img class="align-right" src="http://www.motherjones.com/files/workplace-safety-charts_2.jpg" height="1037" width="357" /></a>g for Mothers Day tomorrow!</strong></span></p>
<div style="margin-left: 4em;">
<ul>
<li>More pain ahead for small caps, says<a href="http://blogs.barrons.com/stockstowatchtoday/2014/05/09/more-pain-ahead-for-small-caps-credit-suisse-says/" target="_blank">Credit Suisse</a>.  Since the mid 1990′s the average and median pullbacks in the Russell 2000 have been 21% and 14%.</li>
<li>Some measures of corporate credit spreads have reached their tightest levels in the past 23 years. Does this mean that optimism has peaked and it's time to sell? Not necessarily says <a href="http://scottgrannis.blogspot.com/2014/05/credit-spreads-are-very-tight.html" target="_blank">Califia Beach Pundit.</a></li>
<li>Pope Francis calls for return to morals, generosity and redistribution of wealth <a href="http://theconstitutionalconservatives.com/discussions/pope-talks-morals-generosity-and-redistribution-of-wealth" target="_blank">TCC</a></li>
<li>Fracking has done phenomenal things for North Dakota, including making it the deadliest state in which to work. <a href="http://www.motherjones.com/environment/2014/05/north-dakota-nations-deadliest-state-work-fracking" target="_blank">MotherJones</a></li>
</ul>
</div>
</div>Hump Day Reads May 7thhttp://stockbuz.ning.com/articles/hump-day-reads-may-7th2014-05-07T19:21:50.000Z2014-05-07T19:21:50.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p><a target="_blank" href="http://ts1.mm.bing.net/th?&id=HN.608020498549310845&w=300&h=300&c=0&pid=1.9&rs=0&p=0"><img class="align-left" style="padding: 30px;" src="http://ts1.mm.bing.net/th?&id=HN.608020498549310845&w=300&h=300&c=0&pid=1.9&rs=0&p=0&width=108" width="108" /></a>This day in <b>1825</b>: One of the earliest buying frenzies for an American IPO is reported, as the Bank of Southwark goes public in Philadelphia. Investors hire muscular goons to sign their names into the subscription books that confer the right to buy shares, and “noses were smashed, hats jammed in, and the police court was at work over the wounded for weeks after.”  <i><span class="footer">Source: Walter Werner and Steven Smith, Wall Street (Columbia University Press, New York, 1991), p. 223; James K. Medbery, Men and Mysteries of Wall Street (Fields, Osgood & Co., Boston, 1870; reprinted, Fraser Publishing Co., Wells, VT, 1968) p. 291.</span></i> </p>
<ul>
<li>For you "pirates" at heart, <a href="http://www.bloombergview.com/articles/2014-05-07/treasure-hunting-is-the-world-s-worst-investment" target="_blank">Bloomberg</a> says treasure hunting is the worlds worst investment.</li>
<li>Massive profit taking still being seen in previous momentum names.  As Kos said previously, she didn't think the "correction" was over for small caps and tech .  If anything Kos is hoping for a move higher to add to her shorts at overhead resistance levels.</li>
<li>If feels good for actual shorts to work the way they are supposed to!  *lol*</li>
<li>Kos has been fast and furious shorting various names the last month.  Too many to post here.  Message her for more info</li>
<li>Going into tonight's earnings, GT <span class="cometchat_chatboxmessagecontent">sold the TSLA 240/250 calls +66 160/150 puts +67.  Market look to expect a 10% move (so far).</span></li>
<li><span class="cometchat_chatboxmessagecontent">There's an Alibaba for everything.  Love this from <a href="http://ritholtz.com" target="_blank">Ritholtz</a></span></li>
</ul>
<p><span class="cometchat_chatboxmessagecontent"><img class="alignnone" alt="" src="http://qzprod.files.wordpress.com/2014/05/alibaba-comparison.png?w=1024&h=1261" height="795" width="645" /></span></p>
</div>Turnaround Tuesday Reads May 6thhttp://stockbuz.ning.com/articles/turnaround-tuesday-reads-may-6th2014-05-06T13:19:41.000Z2014-05-06T13:19:41.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><ul>
<li><a href="http://blog.variantperception.com/2014/04/30/uk-the-current-account-deficit-is-growing-and-looking-more-entrenched/?utm_source=rss&utm_medium=rss&utm_campaign=uk-the-current-account-deficit-is-growing-and-looking-more-entrenched&utm_source=VP+Updates&utm_campaign=195de0632a-RSS_EMAIL_BLOG_WEEKLY&utm_medium=email&utm_term=0_e19841ce98-195de0632a-407652081" target="_blank">Variant</a> says UK's account deficit is unsustainable. (sure, just like the U.S.)</li>
<li>And they've been trying to convince everyone it's a myth.  <a href="http://bigstory.ap.org/article/fed-report-warming-disrupting-americans-lives" target="_blank">New Fed report</a> says global warming is the real deal and is "<em>expected to become increasingly disruptive across the nation throughout this century and beyond,"    </em>"Extreme weather like droughts, storms and heat waves hit us in the pocketbooks and can be seen by our own eyes"  Doesn't make me want to become a farmer nor live near a river or ocean any time soon.</li>
<li>JPM cuts GDP forecast from -0.4 to -0.8%</li>
<li>Office Depot (OD) announced it will close 400 stores by 2016.</li>
<li>Einhorn named ATHN a short yesterday at the Sohn conference.  Feels medical records are extremely overvalued stating $7/share is much better than $70.  Calling Athena Health a well-meaning stock caught up in a broader bubble, Einhorn says the shares "easily fall 80% or more" from their recent high.  Watch peers CERN, MDSO, etc.</li>
<li>Online sales vs brick and mortar.  They really don't care.......as long as you buy. <a href="http://www.emarketer.com/Article/Retailers-Look-Merge-Offline-Online-Shopping-Experiences-2014/1010812/1" target="_blank">emarketer.com</a></li>
<li>Workers increasingly "tapping" their 401k's as lack of jobs drags on.  Increasing penalties would only dissuade their usage.  A concerning trend.  <a href="http://www.bloomberg.com/news/2014-05-06/early-tap-of-401-k-replaces-homes-as-american-piggy-bank.html" target="_blank">Bloomberg</a></li>
</ul>
</div>Notes from Ira Sohn Conferencehttp://stockbuz.ning.com/articles/notes-from-ira-sohn-conference2014-05-05T19:09:59.000Z2014-05-05T19:09:59.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p>These the notes from the "Next Wave" Sohn mini-conference. Stay tuned as we'll be posting notes from the main Sohn Investment Conference later on.</p>
<p>John Khoury. Long Pond Capital</p>
<p>Idea: American Homes for Rent (AMH). REIT, buys houses, fixes them up and rents them out. Debate is whether it is a good business or not. Bears say it is impossible to manage thousands of homes efficiently. Bull case: 95% occupancy, length of stay 2x that of apartments NOI margins at or higher than apartments. Doing securitization now at L+1.66 Levered up- "you want to own an asset when it begins to be securitized."</p>
<p>Currently 2.7% FCF yield, but with 45% net leverage get 7.0% FCF yield. "REITs do not trade at 7% FCF yields." Apartment REITS trade at 5%, if this gets there, stock has $23 PT, 40% upside. "Free call option" is consolidation, they could roll up other businesses. Still only 20% of 1% of the total market. $3T market opportunity. Founder and management own $1B of the stock. Unlevered now, so limited downside if they are wrong.</p>
<p>Jason Karp. Tourbillon Capital</p>
<p>Idea: Ctrip (CTRP) - Tourbillon: looks for durable themes, ideas that there is a different way to look at it (he's formerly of SAC). Chinese travel one of the highest probability growth themes on the planet. $7.5B market cap, $800M cash, $48 now, LT price target $115-170. Trades at 17-25x p/e.</p>
<p>China is largest global spender on international tourism, but low per capita. Thesis is travel spend per person will catch up with other countries. China is only 50% internet penetration, but already has 600M users, double the US population. If CTRP just holds share, the revenue goes up 7.7x . They have 40% market share now. People always mismodel or underestimate the upside.</p>
<p>In 2009, sell side thought PCLN would do $9.19 eps in 2013, they actually did $41.00. PCLN went from $5.5B to $61.7B, up 10x in 5 years. CTRP is on similar trajectory, but their core market is growing faster. Controversy: margins have declined because they are investing in their business in a battle with eLong. Mobile room nights went from 0% to 35% since 2012. Problem is operating margins from 2007-2011 were 40%. Now in the 20s, but he says it will expand back up since they will not be able to spend so much on the business simply because the topline is so big.</p>
<p>Ethan Devine. Co-PM of Indus Capital</p>
<p>Idea: Goldencrest. Listed in Japan. Largest condominium developer in Japan. Trades at 0.50x book. Condos in Tokyo. Thesis is stock is cheap, despite how hot real estate is in Tokyo. He focuses on global special situations.</p>
<p>Nitin Saigal. CIO at Kora Management</p>
<p>Idea: Bharti Infratel. Originally thought it was a great short: Unattractive Industry, Regulatory uncertainty, hurdles to scale, capital allocation concerns. Bull case: There is competition and was overdevelopment in the past, but supply has rationalized. 900M cell phones in India, only 90M smartphones. Data demand story- like the US, China. India just did a spectrum auction. $7B market cap, 80k towers, 25% market share- has scale- nationwide tower network. Capital allocation has gotten better- dividend payout increased, disclosure better. Costs $50k to build a tower, one tenant 7.5% ROI, 3 tenants $15,500 annual revenue 25% ROIC. Thinks it should trade at 330 rupees/share, trades at 6% FCF yield, growing 15% per years, TEV/EBITDA 11X. Kora is an emerging markets fund, based in NYC, but offices in China, India, and Sao Paolo</p>
<p>Will Snellings. Founder of Marianas Fund.</p>
<p>Idea: Jet Blue (JBLU). Two big changes: consolidation- top 5 players control 85% of capacity. Cost curve shift- Southwest was destabilizing the industry, taking share because they had a cost advantage- which they no longer have. So industry is still below mid-cycle economics. Jet Blue has youngest fleet in industry- 8 years, low cost position and low ticket prices. Has 7.5% of industry capacity- small enough to grow without disrupting industry stability. 2013: $758M op cash flow vs $4.5B EV, $2.8B market cap. JBLU has materially underperformed the industry over last 2 years. He worked at Ospraie while setting up his own fund. Likes structural changes in businesses that make a bad industry become a very good one.</p>
<p><span style="font-family: times new roman,times;" class="font-size-2">Courtesy of <a href="http://marketfolly.com" target="_blank">MarkketFolly email</a></span></p>
</div>Cinco de Mayo Monday Readshttp://stockbuz.ning.com/articles/cinco-de-mayo-monday-reads2014-05-05T14:35:50.000Z2014-05-05T14:35:50.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p><span class="font-size-2" style="font-family: comic sans ms,sans-serif;"><span style="color: #00ff00;"><em>Feliz Cinco de Mayo a todos mis amigos y mi familia. C<span id="result_box" lang="es">lick para jugar</span>. Disfrutar!</em></span></span></p>
<p><object id="gsSong1601515932" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" name="gsSong1601515932" height="40" width="250"><param name="wmode" value="window"> <param name="allowScriptAccess" value="always"> <param name="flashvars" value="hostname=grooveshark.com&songID=16015159&style=grass&p=0"> <param name="src" value="http://grooveshark.com/songWidget.swf"> <param name="allowscriptaccess" value="always"> <embed wmode="opaque" id="gsSong1601515932" type="application/x-shockwave-flash" src="http://grooveshark.com/songWidget.swf" flashvars="hostname=grooveshark.com&songID=16015159&style=grass&p=0" allowscriptaccess="always" name="gsSong1601515932" height="40" width="250"><img src="http://stockbuz.net/xn_resources/widgets/lib/js/tiny_mce/themes/advanced/img/trans.gif" class="mceItemMedia mceItemFlash" data-mce-json="{'video':{},'params':{'wmode':'window','allowScriptAccess':'always','flashvars':'hostname=grooveshark.com&songID=16015159&style=grass&p=0','src':'http://grooveshark.com/songWidget.swf'},'name':null,'object_html':'<span><a href=\"http://grooveshark.com/search/song?q=Ween%20Buenos%20Tardes%20Amigo\" title=\"Buenos Tardes Amigo by Ween on Grooveshark\">Buenos Tardes Amigo by Ween on Grooveshark</a></span>','hspace':null,'vspace':null,'align':null,'bgcolor':null}" height="40" width="250"></object></p>
<ul>
<li>Bond and fixed income guru Jeff Gundlach Presentation – Ira Sohn Conference 2014 <a href="http://www.valuewalk.com/2014/05/jeff-gundlach-2014-ira-sohn/" target="_blank">Valuewalk</a></li>
<li><a href="http://www.huffingtonpost.com/2014/05/01/seattle-minimum-wage_n_5248562.html?ir=Politics&ncid=fcbklnkushpmg00000010" target="_blank">Seattle Mayor</a> announces plan for a minimum wage hike to $15/hr. The highest in the country.</li>
<li>You probably won't see much in MSM (main stream media) on it yet but quietly <a href="http://www.storyleak.com/something-huge-just-happened-mainstream-media-ignoring/" target="_blank">Michigan filed</a> it's vote last week for a Constitutional Convention for the states, making it #34 = or a majority which is required for such. This has not occurred in over 200 years! Why should you care? Because it's at these conventions that Constitutional Amendments can be passed (and you're rights sneakily given away under the guise of being "good" for you). I'm sure the balancing budget proposal and the 28th Amendment will be pushed up front of our faces however don't buy the hype. Look deeper, investigate the proposals and make your voice heard. Site of said Convention not yet set although Indianapolis has offered.</li>
</ul>
<ul>
<li><b><a target="_blank" href="http://email.seekingalpha.com:80/track?type=click&mailingid=20140505&messageid=wall_street_breakfast&databaseid=&serial=wall_street_breakfastO20140505O.53011e4aa91436594ffe05c72a884c31.1399286305&emailid=mrsbuz1%40aol.com&userid=304377&extra=&&&3000&&&http://www.telegraph.co.uk/finance/businesslatestnews/10805995/Multinational-giants-line-up-for-UK-tax-breaks.html" rel="nofollow" style="color: #024999; text-decoration: none;">Should Pfizer acquire AstraZeneca</a></b> and move its HQ to the U.K. to take advantage of the country's friendly tax regime, Pfizer (<a target="_blank" href="http://email.seekingalpha.com:80/track?type=click&mailingid=20140505&messageid=wall_street_breakfast&databaseid=&serial=wall_street_breakfastO20140505O.53011e4aa91436594ffe05c72a884c31.1399286305&emailid=mrsbuz1%40aol.com&userid=304377&extra=&&&3000&&&http://seekingalpha.com/symbol/pfe?source=email_wsb&ifp=0" title="Pfizer Inc." style="color: #024999; text-decoration: none;">PFE</a>) could be joined by scores of others. Accounting giants KPMG, PWC and EY are working with over 250 companies combined about relocation to the Britain, which is due to cut its corporate tax rate to 20% next year.</li>
<li>Shouldn't companies relocating overseas, then, lose their lobbying rights? Ahem..........1st Amendment. If Corporations are "people" as the Supreme court seems to think, one would think relocating overseas means losing their right to lobby. Just a thought.</li>
<li>Had recommended long MON calls last Thursday in Chat on a potential H&SB or large ascending triangle. Bail on them if price went below $109. So far, so good. Last weeks chart shown. Click image to enlarge.</li>
<li>Have also been accumulating IPI near $14, risking a buck on the lot.<a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1290637?profile=original"><img class="align-right" src="http://storage.ning.com/topology/rest/1.0/file/get/1290637?profile=RESIZE_480x480" width="375"></a></li>
</ul></div>Almanac On Mid-Term Election Seasonal Stock Market Patternshttp://stockbuz.ning.com/articles/almanac-on-mid-term-election-seasonal-stock-market-patterns2014-05-04T16:22:51.000Z2014-05-04T16:22:51.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><p><em>I love this stuff and you can't find any better out there than Jeff Hirsch @ <a href="http://stocktradersalmanac.com" target="_blank">Stocktradersalmanac</a>  Of course this is by no means a guarantee of what is to come, but it definitely seems as though economic conditions AND a long-in-the-tooth bull run may bode well for a further pullback (imho).  Congress will be lax to pull any rabbits out of their hat prior to November elections (heaven forbid they offend any corporate donors).  My feeling would be take a few months off from the market...........and come back end of July.  I feel the market will ramp up expecting a better second half....*IF* Congress is no longer in deadlock (fingers crossed).  I'd love to hear your thoughts on this.  Enjoy Jeff's post.  -Kos</em></p>
<p>By request today’s post consists of four seasonal pattern charts that have been presented here over the past several months. The first three charts are comparisons of 1-year seasonal patterns for “All Years,” “Midterm Years” and “2014 Year-to-Date.” When first presented on <a target="_blank" href="http://blog.stocktradersalmanac.com/post/Seasonal-Patterns-Point-to-Mid-April-Market-Top-DIA-SPY-QQQ">February 18</a>, the conclusion was reached, based upon the seasonal patterns presented that a market top was likely in April. With the exception of NASDAQ, which peaked in early March, this has proven to be accurate thus far. If S&P 500 and DJIA follow NASDAQ’s lead lower and continue to track the midterm seasonal pattern, a meaningful move higher to new all-time highs will most likely not occur until later this year in the fourth quarter.</p>
<p><em>Click images to view full size…</em> <br />
<a target="_blank" href="http://blog.stocktradersalmanac.com/media/image/blog_20140502_DJIA_Mid_Seasonal.jpg"><img alt="[DJIA Midterm Seasonal Pattern Chart]" src="http://blog.stocktradersalmanac.com/media/image/blog_20140502_DJIA_Mid_Seasonal.jpg" border="0" height="364" width="530" /></a> <br />
<a target="_blank" href="http://blog.stocktradersalmanac.com/media/image/blog_20140502_SP500_Mid_Seasonal.jpg"><img alt="[S&P 500 Midterm Seasonal Pattern Chart]" src="http://blog.stocktradersalmanac.com/media/image/blog_20140502_SP500_Mid_Seasonal.jpg" border="0" height="366" width="530" /></a> <br />
<a target="_blank" href="http://blog.stocktradersalmanac.com/media/image/blog_20140502_NASDAQ_Mid_Seasonal.jpg"><img alt="[NASDAQ Midterm Seasonal Pattern Chart]" src="http://blog.stocktradersalmanac.com/media/image/blog_20140502_NASDAQ_Mid_Seasonal.jpg" border="0" height="363" width="530" /></a><br />
<br />
This next chart was first published on <a target="_blank" href="http://blog.stocktradersalmanac.com/post/SPX-SPY-Down-JanuaryUp-February-Historically-Bearish">February 20</a> and plots 1-year seasonal pattern of the 12 times since 1930 when the S&P 500 was down in January and then up in February which happened this year. The results here were also bearish however, the mere fact that January was down is bearish enough by itself as every down S&P 500 January since 1950 was followed by a new or continuing bear market, a 10% correction or a flat year. The resulting seasonal pattern in this scenario suggested a March top for S&P 500 and negative full-year performance. <br />
<br />
<a target="_blank" href="http://blog.stocktradersalmanac.com/media/image/blog_20140502_SP500_DnJan-UpFeb_Final.jpg"><img alt="[S&P 500 Down January-Up February Seasonal Chart]" src="http://blog.stocktradersalmanac.com/media/image/blog_20140502_SP500_DnJan-UpFeb_Final.jpg" border="0" height="365" width="529" /></a></p>
</div>Weekend Reads May 3rd-4thhttp://stockbuz.ning.com/articles/weekend-reads-may-3rd-4th2014-05-03T20:46:01.000Z2014-05-03T20:46:01.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><ul>
<li><a target="_self" href="http://storage.ning.com/topology/rest/1.0/file/get/1290581?profile=original"><img class="align-right" src="http://storage.ning.com/topology/rest/1.0/file/get/1290581?profile=RESIZE_480x480" width="375"></a><a href="http://blog.stocktwits.com/investors-say-bottom-is-in-for-gold/" target="_blank">Stocktwits:</a> "investor say the bottom is in for gold"</li>
<li>Hey, wait a minute. Didn't StockBuz say watch for a gold (GLD) weekly right shoulder to form back in <a href="http://stockbuz.net/articles/all-that-shines-gold-and-silver?context=category-Commodities" target="_self">March</a> and early <a href="http://stockbuz.net/articles/gold-sticking-with-it?context=category-Commodities" target="_self">April</a>? Even posting on the <a href="http://stockbuz.net/charts/inverse-gold-miners" target="_self">gold miners here</a>. We're ahead of the herd once again......<span style="text-decoration: underline;"><em><strong>maybe.</strong></em></span> (click image to enlarge) At least risk is minimal; stop below $120</li>
<li><a href="http://seekingalpha.com/symbol/sina" title="Sina Corporation">SINA</a> pre-announced an earnings beat but also announced it has <a href="http://seekingalpha.com/pr/9784973-sina-announces-receipt-of-government-notices" target="_blank">received two notices</a> from Chinese regulators stating its "License for Online Transmission of Audio-Visual Programs would be revoked due to certain unhealthy and indecent content from third-parties or by users" on Sina.com and its affiliated online literature site. Ouch!</li>
<li><span class="light_text bullets">JPMorgan becomes the first to warn on trading revenues in Q2, <a href="http://online.wsj.com/news/articles/SB10001424052702303678404579538162442521646?mod=WSJ_hp_LEFTWhatsNewsCollection&mg=reno64-wsj" target="_blank">expecting markets revenue to slip</a> 20% after declining 17% in Q1.</span></li>
<li><span class="light_text bullets">AAPL wins a Federal jury decision again Samsung on smart phone patients but it's a victory for Samsung with less than 10% sought, actually being awarded ($120m vs. $2bil). <span class="light_text bullets">The jury <a href="http://www.bloomberg.com/news/2014-05-03/apple-wins-120-million-from-samsung-in-smartphone-trial.html" target="_blank">rejected</a> Apple’s claim on the patent that enables updating of applications while other features of the phone are in use. Apple also lost its claim over a patent that allows a user to perform a universal search for information with a single click. One would think Federal jury's are tired of all the lawsuits.</span></span></li>
<li><span class="light_text bullets">HSBC says o<span class="light_text bullets">ffshore wind power is <a href="http://www.bloomberg.com/news/2014-05-01/offshore-wind-to-grow-6-fold-aiding-suzlon-vestas-hsbc.html" target="_blank">set to grow six-fold by 2020</a>, benefiting turbine makers including Vestas Wind Systems (<a href="http://seekingalpha.com/symbol/vwdry" title="Vestas Wind Systems A/S ADR">VWDRY</a>, <a href="http://seekingalpha.com/symbol/vwsyf" title="Vestas Wind Systems A/S">VWSYF</a>) and Gamesa Tecnologica (<a href="http://seekingalpha.com/symbol/gctaf" title="Gamesa Corporacion Tecnologica S.A.">GCTAF</a>). I'm sure the Koch brothers will push for a surcharge on those as well. (Oklahoma recently approved a surcharge for solar users) <em>Puhlease.</em></span></span></li>
</ul>
<p></p></div>TGIF Readshttp://stockbuz.ning.com/articles/tgif-reads-12014-05-02T17:33:38.000Z2014-05-02T17:33:38.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><ul>
<li>
<p><b>This day in 1896</b>: The Dow Jones Industrial Average is first published. Its 12 initial members are the great industrial giants of the time: American Cotton Oil, American Sugar, American Tobacco, Chicago Gas, Distilling & Cattle Feeding, General Electric, Laclede Gas, National Lead, North American, Tennessee Coal & Iron, U.S. Leather, and U.S. Rubber. The index’s value that day: 40.94.  <i><span class="footer">Source: Phyllis S. Pierce, ed., The Dow Jones Averages 1885-1980 (DowJones Irwin, Homewood, IL, 1982), introduction, not paginated; <a href="http://averages.dowjones.com">http://averages.dowjones.com</a></span></i> <i><span class="footer">and</span></i> <span class="footer"><a href="http://jasonzweig.com" target="_blank">JasonZweig</a></span></p>
</li>
<li><span class="footer"><span class="footer">Very odd the move in treasury yields today on the better than expected NFP number.  Maybe "smart money" is telling us the economy is not as strong as believed?  Extremely interesting to watch.  T</span></span>he Treasury market's reaction hasn't been more negative.  <b>The 10-yr note, which was down 18 ticks shortly after the release, is now down just two ticks and yielding 2.62%</b> (down roughly 40 bps since the end of 2013).  We still recommend caution here.  Let the market show you it's hand (direction) before jumping.  The area to watch most closely, though, is the Treasury market.  A continued recovery trade there could trip up the stock market further, because strength at the back end of the curve doesn't mesh with the economic acceleration argument.</li>
<li><span class="footer">Notes from <a href="http://www.spreecast.com/events/hilsenrath-and-reddy-on-april-jobs-data" target="_blank">Spreecast</a></span> <span class="footer">discussion this morning with Fed whisperer Jon Hilsenrath</span></li>
<li>
<blockquote>
<ul>
<li><em><span class="footer">Better payroll #s = taper to continue</span></em></li>
<li>Continued better than expected #s = Fed may accelerate taper and finish sooner</li>
<li>The closer we get to October and the stronger the #s are, the more intense the debate comes on whether rates will rise sooner rather than later in 2015</li>
<li>The Fed has said bond buying will not stop until 4Q and rate hikes in 2015.  He thinks the market is comfortable of rates not moving until welll into 2015 (but not sooner)</li>
<li>If we continue to see strong job creation and the unemployment rate dropping faster, then we could see rates increase sooner but it's a big *IF*</li>
<li><em><span class="footer">When questioned on why gold/silver are popping on NFP, he smiles, does a tap dance and says the Fed has stressed we have no inflation</span></em></li>
<li>Re:  minimum wage and if a raise could help, he says the Fed economists have studied the effects of a raise in the minimum wage and the Fed's view is fairly conventional.  You get decreased incentive for employers to hire but they're bringing home and spending more in the Fed's view.  It has not risen to the level of debate with them.</li>
<li><span class="footer">He thinks the more interesting action is on the local front where cities/states ARE making the move.  He doesn't see much being done ahead of national front in Congress with mid term elections coming up.</span></li>
</ul>
</blockquote>
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</ul>
</div>Throwback Thursday Readshttp://stockbuz.ning.com/articles/throwback-thursday-reads-12014-05-01T16:58:11.000Z2014-05-01T16:58:11.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><ul>
<li>On this day in <b>1965</b>: In a boardroom on Cove St. in New Bedford, MA, a young, crew-cut Warren Buffett takes control of decrepit textile maker Berkshire Hathaway Inc., whose stock closes that day at $18 a share. Over the next thirty-three years, the stock price rises to $84,000 a share.  <i><span class="footer">Source: Roger Lowenstein, Buffett: The Making of an American Capitalist (Random House, New York, 1995), p. 130. Courtesy of <a href="http://jasonzweig.com" target="_blank">JasonZweig</a></span></i></li>
<li>GS, MS and others <a href="http://www.zerohedge.com/news/2014-05-01/which-we-learn-us-gdp-actually-contracted-first-quarter" target="_blank">revised their GDP #</a> to a <strong>negative</strong> after today's poor construction spending numbers.  A negative GDP print has many wondering if we are, in fact, in a recession.  A recession as defined by the Fed is two consecutive GDP reports. </li>
<li>The weak U.S. recovery has nothing to do with inequality says <a href="http://scottgrannis.blogspot.com/2014/04/taking-measure-of-our-discontent.html" target="_blank">CalifiaBeachPundit</a></li>
<li><a href="http://www.mckinsey.com/insights/business_technology/The_rising_strategic_risks_of_cyberattacks?cid=other-eml-alt-mkq-mck-oth-1405" target="_blank">McKinsey</a> says businesses are still extremely concerned over cyber attacks and aren't anywhere prepared as they should be (yet).  70% of the respondents said that security concerns had delayed the adoption of public cloud computing by a year or more</li>
</ul>
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