February 2012 MarketToday
Research for Online Investors

• Facebook Rally
  
  Facebook is expected to file paperwork with regulators today for their IPO. Stock should start trading in May.
• Vaporized Money
  
  Insiders say the MF Global money may have been "Vaporized." This is what hypothecation does to money, multiple claims against the same dollars.
• Entertaining Market
  
  The NASDAQ is at 11 year highs, the DJI is at three year highs. This is entertaining but should be watch not participated in.
• Punxutawney Phil
  
  Punxutawney Phil saw his shadow last week, predicting six more weeks of winter. What does it mean for markets, nothing, but neither does most of the junk you hear on TV.
• Statistical Manipulation
  
  The Bureau of Labor Statistics released Non-farm payrolls last Friday and a new lower unemployment rate. Surprised? Enough massaging can come up with the numbers you need.
• Day in Limbo
  
  The market is waiting on a resolution to the Greek debt bailout. Politicians are dragging their feet. The troika of the ECB, IMF and EC are waiting. Eurozone Finance Ministers are waiting. Eurozone politicians are becoming frustrated.
• Crisis Averted
  
  Greece agreed to austerity measures to qualify for more bailout money. The U.S. and 49 state's Attorney Generals settle with five banks for $25 billion on the "robo-signing scandel. The market yawns.
• 30 Seconds to Midnight
  
  Greece must enact the austerity measures promised before more money will be advanced. Greece faces default on March 20. The parliament will start voting this weekend.
• Greek Cuts Approved
  
  The Greek Parliament approved cuts but did not address the $430 million pension cuts or any replacement. Eurozone Finance Ministers meet Wednesday to consider the plan.
• Money Everywhere
  
  The Bank of Japan announced QE this morning. The Bank of England did the same last week. The European Central Bank is offerring another round of long-term refinancing later this month. All the money has to flow somewhere. Get ready to buy equities on a pullback.
• What is the Trigger?
  
  The market rallied in the last thirty minutes yesterday on concentrated buying. Today it is selling on a pop in the AAPL bubble.
• Trust but Verify
  
  Eurozone Finance Ministers want conditions on the next bailout for Greece, As the Gipper said, "Trust but Verify."
• Free Ice Cream
  
  The House and Senate are voting today to extend reduced contributions to Social Security, extend unemployment benefits and continue the "Doc Fix." They are promising Ice Cream in Credit Crisis Hell.
• Bankrupt since 20 B.C.
  
  Eurozone Finance Ministers met into the wee hours of the morning and agreed to a second rescue for Greece. How many more will they require. Buffett doesn't like gold or silver, maybe it is because Ben Graham couldn't own it.
• iPad Trademark
  
  Apple is locked in a court fight over the iPad trademark with a Chinese division of a Hong Kong Company. We found some problems in the agreement to rescue Greece.
• If It Moves, Tax It
  
  Obama released his corporate tax plan this morning. It cuts the top rate, but taxes world wide profits, hurts natural resource companies and gives credits to renewable energy manufacturers.
• Retail Sales Downer
  
  Major Retail company's numbers are missing estimates. High gas prices take $1.4 billion dollars out of the ecoomy for every penny increase in gasoline.
• Cut Government?
  
  The G-20 Finance Ministers didn't commit to more money for Greece, but by golly they sure think it is the answer. They just want Germany to fall into line and quick talking about austerity.
• Marriage Made in Heaven
  
  GM wants to buy seven percent of Peugeot. How does the combination of two losers make a winner? Silver is flying on quantitative easing around the world.
• World Awash in Cash
  
  The ECB turned out $699 billion to eurozone banks in a new round of LTRO. The Bank of England reports M4 (total money) increased 1.6% in January. Is it any wonder? The world is awash in cash.

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