Hispaania on samuti keelustamas aktsiate lühikeseks müügi kolmeks kuuks, mida võidakse hiljem pikendada. Üldiselt, kui on põhjust müüa, siis senised regulatiivorganite sekkumised pole müügisurve leevendamisel väga tõhusaks eelnevatel aastatel osutunud.
Low Expectations a Saving Grace
By James "Rev Shark" DePorre
Jul 23, 2012 | 8:18 AM
"If you can find a path with no obstacles, it probably doesn't lead anywhere." --Frank A. Clark
Despite inaction by Ben Bernanke and some mediocre earnings, the market pulled off some decent upside last week. Unfortunately, it didn't last long and we are right back to where we started last Monday.
We saw some profit-taking kick in on Friday and this morning we are dealing with the same old sovereign debt problems out of Europe, with Italy being the newest worry. It doesn't help that we are in the dog days of summer and there is little energy out there, as many just don't find it worthwhile to battle this action.
We have a full slate of earnings coming up this week, with Apple (AAPL) on Tuesday being the star of the show. Expectations are low there, like they have been for many companies this quarter, so there is some potential that we may have already priced in some disappointment. AAPL is probably the most important stock in the market and its action is going to determine the mood of this market.
So far, the saving grace this quarter has been low expectations for earnings. As a result we are seeing some of the stocks that have been beaten down during the second quarter bounce on reports that have been just in line. A good example has been the cloud computer sector, but these moves are already enticing the bears and may not last for long.
Probably the most troubling aspect of this market is the lack of quality leadership. We've had some action in biotechnology, pharmaceuticals and home builders (which were upgraded today by Goldman), but there is very little of interest in the big-caps and small-caps have been even worse recently. Good markets need some key stocks that attract momentum money and help to broad the market as they gain traction. We just don't have that right now.
With the overall market action quite choppy and little leadership, we have little choice but to stick with short-term trading if we want to keep growing our accounts. It is a market for very short term trades right now. It isn't even possible to build position trades with any real confidence.
The most important thing to do in a market like this is to not try to fight it and to not force things. It is an extremely difficult trading environment and if you aren't selective and don't keep a close watch on things, it is very easy to be burned. There are always some intraday opportunities, such as the biotechnology group lately, but even there it is mixed and the risk of quick reversals is very high.
At this point, my strategy is to maintain a high level of cash and to try to pick off a few quick individual trades. Hopefully, the slew of earnings reports this week will give us some individual stock picking action. But the overall market environment is simply not very conducive to putting cash to work.
By James "Rev Shark" DePorre
Jul 23, 2012 | 8:18 AM
"If you can find a path with no obstacles, it probably doesn't lead anywhere." --Frank A. Clark
Despite inaction by Ben Bernanke and some mediocre earnings, the market pulled off some decent upside last week. Unfortunately, it didn't last long and we are right back to where we started last Monday.
We saw some profit-taking kick in on Friday and this morning we are dealing with the same old sovereign debt problems out of Europe, with Italy being the newest worry. It doesn't help that we are in the dog days of summer and there is little energy out there, as many just don't find it worthwhile to battle this action.
We have a full slate of earnings coming up this week, with Apple (AAPL) on Tuesday being the star of the show. Expectations are low there, like they have been for many companies this quarter, so there is some potential that we may have already priced in some disappointment. AAPL is probably the most important stock in the market and its action is going to determine the mood of this market.
So far, the saving grace this quarter has been low expectations for earnings. As a result we are seeing some of the stocks that have been beaten down during the second quarter bounce on reports that have been just in line. A good example has been the cloud computer sector, but these moves are already enticing the bears and may not last for long.
Probably the most troubling aspect of this market is the lack of quality leadership. We've had some action in biotechnology, pharmaceuticals and home builders (which were upgraded today by Goldman), but there is very little of interest in the big-caps and small-caps have been even worse recently. Good markets need some key stocks that attract momentum money and help to broad the market as they gain traction. We just don't have that right now.
With the overall market action quite choppy and little leadership, we have little choice but to stick with short-term trading if we want to keep growing our accounts. It is a market for very short term trades right now. It isn't even possible to build position trades with any real confidence.
The most important thing to do in a market like this is to not try to fight it and to not force things. It is an extremely difficult trading environment and if you aren't selective and don't keep a close watch on things, it is very easy to be burned. There are always some intraday opportunities, such as the biotechnology group lately, but even there it is mixed and the risk of quick reversals is very high.
At this point, my strategy is to maintain a high level of cash and to try to pick off a few quick individual trades. Hopefully, the slew of earnings reports this week will give us some individual stock picking action. But the overall market environment is simply not very conducive to putting cash to work.
Šveitsi riigile makstakse kaheaastase laenu andmiseks -0,4% aastas peale
IMF on vaadanud der Spiegelis ilmunud loo üle ning kinnitab vaid koostöösoovi Kreekaga raskuste ületamisel.
We have received a number of inquiries related to the Der Spiegel report on Greece. You can attribute the following to an IMF spokesperson: "The IMF is supporting Greece in overcoming its economic difficulties. An IMF mission will start discussions with the country's authorities on July 24 on how to bring Greece's economic program, which is supported by IMF financial assistance, back on track."
We have received a number of inquiries related to the Der Spiegel report on Greece. You can attribute the following to an IMF spokesperson: "The IMF is supporting Greece in overcoming its economic difficulties. An IMF mission will start discussions with the country's authorities on July 24 on how to bring Greece's economic program, which is supported by IMF financial assistance, back on track."
Baidu.com prelim $1.24 vs $1.11 Capital IQ Consensus Estimate; revs $858 mln vs $855.90 mln Capital IQ Consensus Estimate
Baidu.com sees Q3 revs $983-1009 mln vs $998.11 mln Capital IQ Consensus Estimate
BIDU oodatust paremate tulemuste peale kauplemas 3,5% kõrgemal ( $ 113,50)
Baidu.com sees Q3 revs $983-1009 mln vs $998.11 mln Capital IQ Consensus Estimate
BIDU oodatust paremate tulemuste peale kauplemas 3,5% kõrgemal ( $ 113,50)
DV hirmus
DeVry Inc. Reports Q4 prelim $0.43-0.46 v $0.78e, R$500-510M v $515Me
DeVry Inc. Reports Q4 prelim $0.43-0.46 v $0.78e, R$500-510M v $515Me