World economy talk

[uls]

PC = Panasonic
SNE = Sony

Sharp Shares Fall After 2Q Loss, Outlook Cut
11/01/2012| 08:15pm US/Eastern
TOKYO--Shares of Sharp Corp. (>> Sharp Corporation) fell in early Tokyo trading Friday after the company confirmed Thursday that it racked up a Y249.1 billion loss in the July-September quarter and predicted a second straight year of record deficits. It also slashed its full fiscal year guidance to a Y450 billion loss, far worse than its prior Y250 billion loss view.

For the first time in its 100-year history, Sharp also said it had doubts about remaining a going concern.

today:

Nov. 5 (Bloomberg) -- Sharp Corp. may turn to the last resort of Japanese companies facing potential bankruptcy -- the government.

With 200 billion yen ($2.5 billion) of convertible bonds maturing in 2013, Sharp may have to ask the state Enterprise Turnaround Initiative Corp. or Innovation Network Corp. of Japan for money, said Fumiaki Sato, co-founder of Sangyo Sosei Advisory Inc., a turnaround advisory firm in Tokyo. Sharp has failed to win a planned 67 billion-yen equity investment from billionaire Terry Gou’s Foxconn Technology Group.

Sharp hemorrhaged 103 billion yen in cash from operations in the first half of the year as Japan’s electronics industry struggles with dwindling demand and competition from Samsung Electronics Co. A bailout may follow the precedent set by the government rescue of Japan Airlines Corp. two years ago that wiped out shareholders while keeping planes in the air.

[Monseratto]

Anyone still remember Magnovox, Zenith, and RCA? Now it's the Japanese turn...

[uls]

U.S. fiscal cliff, Europe's debt woes worry G20 | Reuters

(Reuters) - Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth.

Unless a fractious Congress can move swiftly to reach a deal after the U.S. elections on Tuesday, about $600 billion in government spending cuts and higher taxes are set to kick in from January 1 and could push the U.S. economy back into recession.

but first there's the election

they'll deal with the fiscal cliff after the election

the election itself is already a cause of uncertainty

if the result is too close a winner might not be declared

http://www.washingtonpost.com/busine...253d-11e2-92f8

Wall Street could wake up on Wednesday without a winner. If the election comes down to a thin margin in a swing state — Ohio, Iowa, New Hampshire, take your pick — the outcome could be delayed for days or weeks.

could be a repeat of the 2000 election

The closest presidential election in recent history was bad for stocks. The Standard & Poor’s 500 fell as much as 8 percent during the five weeks following the 2000 election, between George W. Bush and Vice President Al Gore.

The election was Nov. 7. Gore didn’t concede until Dec. 13, after the Supreme Court essentially stopped a recount of votes in Florida. During those five weeks, the Dow Jones industrial average also slid, as much as 5.2 percent.

if that happens there will be less time to work on the fiscal cliff

[Ry_Tower]

Even sandy affected his election. Some sure obama areas do not have electricity yet as per last CNN news. That could mean thinner margin of victory.

Here's another take on that from RT.

Sandy may deter storm victims from voting and extend US election — RT

[uls]

[uls]

^^^^

risk on last night

but this morning US stock futures are pulling back

S&P 500 e-mini futures

SYDNEY (MarketWatch) -- U.S. stock futures headed lower in Asian trading hours Wednesday, as early results from the U.S. presidential election started to trickle in. Dow Jones Industrial Average futures were down 28 points at 13,173.00 from a broadly flat position an hour ago. Nasdaq 100 futures fell 3.75 points to 2,672.00 while S&P 500 futures fell 3.40 points to 1,421.80.

[uls]

^^^

stock futures rebounded on Obama win

[uls]

traders re-establish long positions in commodities



worry about the fiscal cliff later

for now it's risk on

--

http://www.cnbc.com/id/49716704

Next Up for Markets? The Fiscal Cliff

President Barack Obama’s re-election could mean a tough road for stocks unless there’s some sign soon that he and Congress will avoid taking the economy and the country off the “fiscal cliff.”

Stock futures were weaker late Tuesday but were off lows as Obama was called the winner in the tight race against Mitt Romney. Futures regained more ground when Romney conceded, removing the chance of a challenge that would cloud the outcome and lead to a period of uncertainty. Democrats also retained control of the Senate, leaving in place a divided Congress.

[uls]

Draghi: data suggest economic slowdown has reached Germany

US stock futures fall again

[uls]

favorite stock of hedge funds



__________________________________________________


http://www.cnbc.com/id/49725783

Stocks opened sharply lower Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe resurfaced.

[uls]

back to reality

flight to safety





__________________________________________________ _________


the election day rally was a blip

selloff resumes

[Monseratto]

Dow crashed 312 points down..

NYMEX crude.



GOLD



Fiscal Cliff fast approaching.

[uls]

Obama good for HCA Holdings

HCA Holdings, Inc., through its subsidiaries, provides health care services in the United States. The company owns, manages, or operates hospitals, freestanding surgery centers, diagnostic and imaging centers, radiation and oncology therapy centers, rehabilitation and physical therapy centers, and various other facilities. Its general acute care hospitals provide medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic services, and emergency services, as well as outpatient services comprising outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy; and psychiatric hospitals offer therapeutic programs, such as child, adolescent, and adult psychiatric care, as well as adult and adolescent alcohol and drug abuse treatment and counseling. The company’s general, acute care hospitals provide a range of services to accommodate such medical specialties as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics, and obstetrics. As of June 30, 2012, it operated 163 hospitals, including 157 general acute care hospitals with 41,817 licensed beds, as well as 110 freestanding surgery centers in 20 states and England. HCA Holdings, Inc. was founded in 1968 and is headquartered in Nashville, Tennessee.

[uls]

Dow crashed 312 points down..


Fiscal Cliff fast approaching.

big big drop last night

financial and energy sectors got hit hard

Obama win = stricter rules on banks (Volcker rule) and probable end of tax cuts for oil companies

market also pricing in economic slowdown (fiscal cliff)

[uls]

AAPL meets gravity



update:

$541 bounce

$540 --- very important

if AAPL falls below $540 look out below

[crazy_boy]

AAPL meets gravity

grabe yung AAPL, laki ng drop.

[uls]

^^^

yup. it was above $700 2 months ago

[crazy_boy]

^^^

yup. it was above $700 2 months ago

kawawa share holders niyan. parang Facebook.

[niky]

kawawa share holders niyan. parang Facebook.

Meh. Facebook was overhyped and overpriced.

[crazy_boy]

Meh. Facebook was overhyped and overpriced.

like one of the TV networks here? during IPO palang ubos yung allocation. then bagsak na after IPO