Obama Is Still Gazing ‘into The Mouth Of Hell’ – National Policy & Issues | Examiner.com

Republicans appear to believe they can simply defer action until 2015. But at that point, the GOP presidential primary will be underway, and its not hard to see presidential hopeful Ted Cruz demagoguing the heck out of the issue, setting in motion an anti-amnesty sludgefest. That could make it harder for more sensible GOP candidates to discuss serious reform and harder for Congressional Republicans to act. Plus, the current Senate bill will have expired. Action next year would also require a new Senate bill, voted on by folks like Marco Rubio, who may also be running for president and is already looking to get right with conservatives. <br>Source: <a href='http://www.washingtonpost.com/blogs/plum-line/wp/2014/04/04/pressure-intensifies-on-obama-over-deportations/&#039; >http://www.washingtonpost.com/blogs/plum-line/wp/2014/04/04/pressure-intensifies-on-obama-over-deportations/</a&gt;

<img src='http://www.conunderground.com/wp-content/uploads/2011/09/Obama-intimidating-on-facebook.jpg&#039; />

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Obama: Afghan election marks important milestone : Stltoday

Check out your photo or video now, and look for it in USA TODAY online, mobile, and print editions. Your submission didnt go through. Please try again. Verifying your credentials… We're experiencing a few technical issues. <br>Source: <a href='http://www.usatoday.com/story/theoval/2014/04/03/obama-biden-winter-olympics-russia-ukraine/7243353/&#039; >http://www.usatoday.com/story/theoval/2014/04/03/obama-biden-winter-olympics-russia-ukraine/7243353/</a&gt;

Are the Oliphants suddenly oblivious to revelations made since, such as a RAND Corporation study that reveals that barely 858,000 previously uninsured Americans have paid for new policies?" When Obama glibly and haughtily boasts "There are still no death panels , Armageddon has not arrived," it's likely that he himself recognizes the foolhardiness of that claim. If death panels are going to become a reality and there's as much reason as ever to assume that they might they wouldn't materialize this early in the process. The law officially became a reality for all Americans six months ago, when the first enrollment period began. How it will play out in the months ahead whether the breakdown of the 7.1 million who allegedly signed up will include enough healthy young people to avoid adverse selection is a big unknown. I can understand why writers on the left want to believe Obama's latest fabrication and pretend it's all green lights from here on in. <br>Source: <a href='http://www.examiner.com/article/obama-is-still-gazing-into-the-mouth-of-hell&#039; >http://www.examiner.com/article/obama-is-still-gazing-into-the-mouth-of-hell</a&gt;

Obama's day: Congress and the Olympics

"It strips from us the ability to make business decisions as the technology evolves," the industry source said. "It would cause us to continue to collect stuff that we don't need." If NSA wants to search flat-rate subscribers' metadata, it would only be able to do so on calls going forward from the date that the search is requested, since no earlier data could easily be retrieved, officials said. Under the proposal, the NSA would have to get approval from the secret Foreign Intelligence Surveillance Court to examine phone data for information about calls made to or from a U.S. number. A bill drafted by the House Intelligence Committee would allow the NSA itself to directly request metadata from a phone company under a broad authorization from the FISA court. <br>Source: <a href='http://www.reuters.com/article/2014/04/03/us-usa-security-obama-idUSBREA3228O20140403&#039; >http://www.reuters.com/article/2014/04/03/us-usa-security-obama-idUSBREA3228O20140403</a&gt;

White House slams Samsung's Obama-Ortiz selfie – Apr. 4, 2014

"It just happened in that moment. It was a fun thing. I signed that deal with Samsung a few months ago. They didn't know what would happen. Nobody did." While the administration is clearly keen to protect Obama's image, it's not clear whether the White House would have any legal basis for a complaint. <br>Source: <a href='http://money.cnn.com/2014/04/04/news/obama-ortiz-samsung-selfie/index.html&#039; >http://money.cnn.com/2014/04/04/news/obama-ortiz-samsung-selfie/index.html</a&gt;

Obama's NSA overhaul may require phone carriers to store more data
| Reuters

He says the Afghan people are taking full responsibility for their country as the United States and its allies gradually withdraw their forces. Obama is congratulating the millions of Afghans who defied threats from the Taliban and went to the polls. Turnout in some places Saturday was so high that polling places ran out of ballots. Partial results are expected Sunday. Obama says the election to choose a successor to President Hamid Karzai (HAH'-mihd KAHR'-zeye) is critical to securing Afghanistan's democratic future and continued international support. <br>Source: <a href='http://www.stltoday.com/news/national/govt-and-politics/obama-afghan-election-marks-important-milestone/article_ca1620c7-ba45-52f6-a23c-29222658f7a0.html&#039; >http://www.stltoday.com/news/national/govt-and-politics/obama-afghan-election-marks-important-milestone/article_ca1620c7-ba45-52f6-a23c-29222658f7a0.html</a&gt;


First Week Of November 22nd Options Trading For Grfs

Federal agents are investigating whether high-frequency trading firms break U.S. laws by acting on nonpublic information to gain an edge over competitors. The Federal Bureau of Investigation ‘s inquiry stems from a multiyear crackdown on insider trading, which has led to at least 79 convictions of hedge-fund traders and others. Agents are examining, for example, whether traders abuse information to act ahead of orders by institutional investors, according to an FBI spokesman. Even trades based on computer algorithms could amount to wire fraud, securities fraud or insider trading.
Source: http://www.latimes.com/business/la-fi-fbi-high-speed-probe-20140401,0,868118.story

SEC needs bigger budget to police trading, chair says

High-frequency trading dominates the investing conversation Companies involved in high-frequency trading use complex computer algorithms to buy and sell stocks at extremely high volumes for extremely short periods of time. The computers take advantage of tiny price movements and aberrations, collecting profits of pennies (or less) per trade. The high-frequency traders look for a price mismatch or a permanent price movement driven by fundamentals such as a data release or world event. Using speed as the ultimate advantage, the firms buy or sell the stock in question before anyone else. In essence, because of their speed advantage, the traders can perfectly time highs and lows in the market on a microscopic scale.
Source: http://www.fool.com/investing/general/2014/04/01/the-dow-is-tk-as-high-frequency-trading-comes-out.aspx

Should the contract expire worthless, the premium would represent a 8.50% return on the cash commitment, or 13.14% annualized at Stock Options Channel we call this the YieldBoost. Click here to find out the Top YieldBoost Puts of the S&P 500 Below is http://www.etftradingsignals.com a chart showing the trailing twelve month trading history for Grifols SA, Barcelona, and highlighting in green where the $40.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $45.00 strike price has a current bid of $2.05. If an investor was to purchase shares of GRFS stock at the current price level of $41.00/share, and then sell-to-open that call contract as a covered call, they are committing to sell the stock at $45.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.76% if the stock gets called away at the November 22nd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if GRFS shares really soar, which is why looking at the trailing twelve month trading history for Grifols SA, Barcelona, as well as studying the business fundamentals becomes important.
Source: http://www.forbes.com/sites/stockoptionschannel/2014/03/31/first-week-of-november-22nd-options-trading-for-grfs/

An FBI spokesman who did not wish to be named said Monday night that the bureau was investigating whether high-frequency traders are front-running others’ trades by getting to exchanges first. A big trade, such as a bank shorting a million shares of a company under investigation, could be considered a material event, the spokesman added. A person familiar with the FBI probe told Reuters on Tuesday that the FBI is also looking at areas such as whether high-speed firms can cut the line in terms of how security orders are placed or are engaged in “spoofing” trades that are not really trades to give the illusion of market activity. White declined to answer questions from Reuters on the sidelines of the hearing about whether the SEC’s probes are exploring similar topics as the FBI’s.
Source: http://www.reuters.com/article/2014/04/01/us-congress-sec-highspeed-idUSBREA301RC20140401?feedType=RSS


Etf Chart Of The Day: Equal Weight The Nasdaq Way


Nasdaq Expands Nordic Executive’s Role to Include U.S. Units

For example, now as we approach the end of March, the top holdings in the fund thanks to impressive stock performance recently are TSLA (1.59%), ILMN (1.52%), GMCR (1.32%), ALXN (1.26%), and WYNN (1.22%). The fund rebalances quarterly (March, June, September, and December) to bring all holdings back to equal weighted on a periodic basis. Given the nature of the recent quarter end sell-off in the marketplace, it certainly appears that portfolio managers are trimming higher beta equity positions off of the books, and names such as TSLA, ILMN, and GMCR for example, certainly fit the bill despite their very impressive short term performance. If you look at the underlying stocks, at least the aforementioned names, there have been substantial spikes in trading volume recently, and these names definitely seem to be in play.
Source: http://www.etftrends.com/2014/03/etf-chart-of-the-day-equal-weight-the-nasdaq-way/

Sinking biotechs drag down Nasdaq

The ETF had a P-E of 29, according to Yahoo Finance, which is nearly double the S&P 500′s P-E of 15.7, based on expected 2014 earnings. The froth is coming out of the shares. 2. Pricing worries. One purported catalyst for the selling in the biotech sector came Friday when a powerful Congressional committee sent a letter to Gilead Sciences, asking the drugmaker to explain its pricing policy on its new hepatitis C drug Sovaldi.
Source: http://www.usatoday.com/story/money/markets/2014/03/24/highflying-biotechs-drop-hurting-nasdaq/6827939/

Jochumsen will be at the helm of Nasdaq’s new Global Market Services unit, aimed at driving growth across the New York-based company’s fixed income, currencies and commodities businesses, as well as equities-based cash and derivatives. “The focus will be on how we can align our different businesses and make them more global where that makes sense,” Jochumsen said in an interview. Nasdaq has been expanding its offerings in fixed income and derivatives, having closed its $750 million purchase of electronic Treasuries-trading platform eSpeed last July, and launched NLX, a London-based fixed-income futures trading platform, late last May. Around two-thirds of Nasdaq’s trading revenue comes from derivatives and fixed income. The company also operates a clearinghouse in Europe that last week was the first of its kind to be authorized to clear over-the-counter (OTC) derivatives under new European reforms.
Source: http://www.reuters.com/article/2014/03/24/us-nasdaq-market-services-idUSBREA2N1E320140324

Semi-Annual Changes to the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index

However, with the surfacing of Google Glass NASDAQ:GOOG which is a stylishly wearable device, the world caught up in a storm of enthusiasm since it indeed looked like something that really belong to the world of future that everyone was striving for. Google Inc (NASDAQ:GOOG) Addresses Many Myths While the reception for the innovative gadget by Google Inc. (NASDAQ:GOOG) was rather positive from many parties, speculations emerged about the usage of the device which caused many controversial discussions, especially with regard to privacy issues. Lately the team Google Inc (NASDAQ:GOOG) addressed many myths those have been circulating around the device. It refused the infamous face recognition tool that the device was supposed to have which was said to encourage illegal stalking and invading privacy of the common public.
Source: http://www.livetradingnews.com/google-inc-nasdaqgoog-is-the-innovator-of-the-next-decade-38582.htm

Google Inc (NASDAQ:GOOG) is the Innovator of the Next Decade

It could also ding Amazons enterprise push, which will likely be a focal point of the AWS Summit in San Francisco on Wednesday. After all, FinQloud is one of AWSs big enterprise case studies . Amazon blazed the trail for public cloud services starting 8 years ago, but its seeing increased competition from big, well-financed public cloud efforts from Microsoft and Google. In fact all three of those giants are hosting cloud-related events in San Francisco this week. Ive reached out to Nasdaq and Amazon for comment and will update this when they respond.
Source: http://money.cnn.com/news/newsfeeds/gigaom/articles/2014_03_24_bad_timing_nasdaq_reconsiders_aws_based_finqloud_service.html

Nasdaq reorganizes market services to boost global competitiveness

Units By Sam Mamudi 2014-03-24T14:34:04Z Email Print Save Nasdaq OMX Group Inc. (NDAQ) expanded the duties of the executive running its European markets to include U.S. venues such as the Nasdaq Stock Market. Hans-Ole Jochumsen will run a new Global Market Services division, which contains Nasdaqs U.S.
Source: http://www.bloomberg.com/news/2014-03-24/nasdaq-expands-nordic-executive-s-role-to-include-u-s-units.html

Bad timing: Nasdaq reconsiders AWS-based FinQloud service

The following eight securities will be added to the Index: Toshiba Corp. (6502 JP), Osaki Electric Co Ltd. (6644 JP), Badger Meter Inc. /quotes/zigman/219014/delayed/quotes/nls/bmi BMI +0.53% , Echelon Corporation /quotes/zigman/73021/delayed/quotes/nls/elon ELON +2.90% , Eaton Corp PLC /quotes/zigman/13017293/delayed/quotes/nls/etn ETN +1.84% , Honeywell International Inc.
Source: http://www.marketwatch.com/story/semi-annual-changes-to-the-nasdaq-omx-clean-edge-smart-grid-infrastructure-index-2014-03-24


Obama, In Message To Iranians, Says There Is Chance To Reach Nuclear Deal With Iran

A 2010 Government Accountability Office study concluded that women account for 40 percent of managerial jobs (compared with 49 percent of non-managerial jobs) within 13 broad industry sectors. CEOs like Mary Barra of General Motors or Marissa Mayer of Yahoo have become more common, but remain more the exception than the rule. Attitudes about work, and perceptions of discrimination, vary by gender. Women are less likely than men to say they aspire to being a top manager. But they are more likely to call for changes to improve gender equality in the workplace, and more likely to say that being a working parent direct loan forgiveness has made it more difficult to advance their career, according to Pew Research surveys . The job market is arguably performing better for women than for men.
Source: http://www.csmonitor.com/USA/DC-Decoder/2014/0320/Obama-pushes-help-for-working-women-How-much-do-they-need-it-video

Many of the students at Valencia are older and are returning to school for training that will lead to higher-paying work. Women are “facing unfair choices or outdated workplace policies that hold all of us back, and that has to change,” the president said. The White House plans similar events in Denver, Boston, Chicago, San Francisco, and New York. The administration says the meetings will lead to a short list of actions the president can take by executive order, push Congress to act on, or launch with business collaboration. The measures would all be aimed at making it easier for women to find good jobs and be paid at levels that match those of their male counterparts. “The president has a range of tools and he wants to figure out which are the right ones,” White House adviser Valerie Jarrett told reporters.
Source: http://www.chicagotribune.com/news/politics/sns-rt-us-usa-obama-women-20140320,0,2361671.story

Obama: White House life more boring than ‘Scandal’

A wide majority of U.S. senators this week urged Obama to insist that any final agreement state that Iran “has no inherent right to enrichment under the Nuclear Non-Proliferation Treaty.” In his Nowruz message, Obama said a comprehensive agreement would help move Iran along a new path and ease the economic hardships that sanctions have caused. “If Iran meets its international obligations, we know where the path of dialogue and greater trust and cooperation can lead. It will mean more opportunities for Iranians to trade and forge ties with the rest of the world,” he said. Negotiators from Iran and the United States, France, Germany, China, Russia and Britain held talks on Tuesday and Wednesday in Vienna.
Source: http://news.yahoo.com/obama-message-iranians-says-chance-reach-nuclear-deal-122350202.html

Verifying your credentials… We’re experiencing a few technical issues. Try again By submitting you agree to our Terms of Service Your Take contributions have not been reviewed for accuracy by USA TODAY. Contributors agree to our Terms of Service and are responsible for the content of their videos and photos. Please report any content that violates the terms. This story is part of Barack Obama David Jackson, USA TODAY 10:07 a.m.
Source: http://www.usatoday.com/story/theoval/2014/03/20/obama-ellen-degeneres-michelle-scanal-house-cards/6644079/


Kiva And Vittana Crowdfund Student Loans In The Developing World

The nonprofit partners with local organizations and micro-finance institutions (MFIs) to create tuition loan programs for students who are close to graduation but need money to pay final tuition in order to graduate. Loans average $750, and a repayment rate of 99 percent, which shows that students will pay back their loans if given the opportunity. As students continue to successfully repay their loans, they are creating that repayment history and opening the door for millions of other students in the future. Beginning on April 2, all student loans sourced by Vittana.org will be posted on Kivas website for crowdfunding rather than on the Vittana website. Visitors will be able to browse through the stories and profiles of students and select one they want to support with a loan of $25 or more.
Source: http://www.triplepundit.com/2014/03/kiva-vittana-crowdfund-student-loans-developing-world/

The long-term impact of student-loan debt

What that means is that for the graduates who are actually expected to pay their loans now, the delinquency rate is roughly double the 11.5% figure. Federal Reserve Bank of New York Delinquencies on student loans rose to 11.5% in the past quarter of 2013, even as credit-card and mortgage delinquencies fell. Evidence suggests that student-loan delinquencies for graduates actually expected to make payments are far higher. Why are student debts and delinquencies continuing to rise? One answer is that the cost of higher educations is increasing. Between the 200001 academic year and the 201011 academic year, the annual cost of a degree at public and private two- and four-year institutions rose 70%, from an average of $10,820 to $18,497, according to data provided by the federal governments Institute of Education Sciences.
Source: http://business.time.com/2014/02/26/student-loans-are-ruining-your-life-now-theyre-ruining-the-economy-too/

Student Loans Are Ruining Your Life. Now They’re Ruining the Economy, Too

It’s a little too early to tell yet if there will be any changes to Parent official website PLUS credit checks or rules surrounding debit cards. There are still two more meetings and a round of comments before final regulations will be issued. The Student Loan Ranger will keep an eye on this issue. If you’re really interested in how this process works, you can come sit in the public section of the negotiated rule-making process. Or, if you really want to see how the sausage is made, come sit in the public section of the negotiated rule-making meeting itself.
Source: http://news.yahoo.com/federal-regulators-eye-parent-plus-loans-student-debit-150000712.html

REFILE-COLUMN-Bankrupt? How to get student loan debt erased

The borrowers who won these discharges had low costs, either receiving free legal help or representing themselves. In most cases, borrowers in bankruptcy don’t even ask for help because they figure a discharge of debt is so rare. In one study of 170,000 student loan debtors who filed for bankruptcy protection in 2007, only 51 won full discharges of their debt and 30 received partial discharges. The author of the study, which was published in the American Bankruptcy Law Journal, found that only 213 of the student loan debtors studied even tried to have their education debt discharged by filing what’s known as an “adversary proceeding.” Since bankruptcy law doesn’t allow student loans to be erased in a regular filing, this extra step is necessary before education debt can be discharged. Of those who tried to get their student debt wiped out, in other words, two out of five got at least some relief.
Source: http://www.reuters.com/article/2014/03/04/column-weston-bankruptcy-colum-idUSL1N0M11WC20140304

Federal Regulators Eye Parent PLUS Loans, Student Debit Cards

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Source: http://www.usatoday.com/story/money/personalfinance/2014/03/03/ozy-student-debt/5976111/


Citigroup Joins Jpmorgan In Seeing Trading-revenue Drop

Because the $52.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 58%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 4.38% return on the cash commitment, or 34.79% annualized – at Stock Options Channel we call this the YieldBoost . Below is a chart showing the trailing twelve month trading history for Shutterfly Inc, and highlighting in green where the $52.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $55.00 strike price has a current bid of $2.10.
Source: http://www.nasdaq.com/article/first-week-of-april-19th-options-trading-for-shutterfly-sfly-cm332088

We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to factors detailed in NASDAQ OMX’s annual report on Form 10-K, and periodic reports filed with the U.S.
Source: http://online.wsj.com/article/PR-CO-20140304-907350.html

Nikkei 225 options also stopped trading, according to a statement on the Osaka Securities Exchange website. The bourse operator has confirmed the problem was caused by human error, OSE spokesman Masahiro Yada said. Takahashi earlier said it could have been due to a system issue. Futures on the Japanese equity measure are traded in Osaka, Singapore and Chicago .
Source: http://www.bloomberg.com/news/2014-03-04/nikkei-225-futures-trading-fault-may-be-system-error-jpx.html

Proprietary traders made hundreds of millions of dollars in revenues for Wall Street banks through bets similar to those by hedge funds, but have seen their fortunes fade in recent years. Most of these desks have shut down as the Volcker Rule framed in the United States after 2008 mandated regulation that curbs risky proprietary trading by financial institutions. The rule also applies to foreign banks with branches in the United States, but provides an overseas exemption. That allows banks like Nomura to use a highly profitable tool to add alternate sources of revenue, a trend likely to catch up in Asia.
Source: http://www.reuters.com/article/2014/03/03/nomura-tradinggroup-idUSL3N0M035S20140303

HM Revenue & Customs said in ETFOfTheMonth-ETFTradingSignals a meeting with UK traders that it would no longer levy 20 percent value-added tax (VAT) on bitcoin transactions and also said it would not tax margins either, according to the paper. The British support for the currency comes days after Mt. Gox, once the world’s largest bitcoin exchange, was sued by a customer in the United States seeking to recover money lost in the hacking attack. Corporation tax and other taxes would still apply, according to the FT. The market for bitcoins – a virtual currency created or “mined” through a process involving a network of computers that solve complex mathematical problems – is worth about $7 billion at current market rates.
Source: http://www.reuters.com/article/2014/03/02/us-bitcoin-britain-idUSBREA210UV20140302

Equities Trading Jefferies Group LLC, the Wall Street firm owned by Leucadia National Corp., said today that trading revenue for the three months ended Feb. 28 was $450 million. That was 11 percent less than what it reported a year earlier. Citigroup brought in about $13.1 billion from trading in fixed-income, currencies and commodities markets, known as FICC, last year, and $3.02 billion from equity trading.
Source: http://www.bloomberg.com/news/2014-03-03/citigroup-joins-jpmorgan-with-decline-in-trading-revenue.html


Lowest P/e Large Cap Stocks To Buy — Even At Market Highs

Global stocks slide as tensions build in Ukraine

The company trades at just 9.4 times forward earnings. Despite what seems like a constant cycle of government penalties and fines, trading blow-ups and almost every other conceivable issue, the iconic bank continues to push out tremendous earnings. With many of the problems in the rear-view mirror, the stock could be poised for years of growth. Investors are paid a 2.7% dividend. The consensus price target is $65.41.
Source: http://www.marketwatch.com/story/lowest-pe-large-cap-stocks-to-buy-even-at-market-highs-2014-03-03

What to Do When Stocks Are at New Highs

It should reduce domestic debt to 52 percent of assets in the next few months, the lower limit of its current policy, he said. Allocations need to be revamped to allow a more dramatic shift and GPIF should seek to mimic global peers, who have 35 percent to 40 percent of their portfolio in bonds, according to Ito. Fewer Bonds Japanese bonds accounted for 55 percent of the funds portfolio at the end of December, the smallest share since GPIF was established in its current form in April 2006. The fund held 17 percent of its assets in grestest stock right now local shares last quarter, 15 percent in foreign equities and 11 percent in overseas bonds, according to a statement on its website . Im not sure how much of a pressure Ito is on GPIF, said Naoki Fujiwara , a Tokyo-based chief fund manager at Shinkin Asset Management Co.
Source: http://www.bloomberg.com/news/2014-03-03/gpif-pressure-to-buy-stocks-to-benefit-public-ito-says.html

Best Buy stock jumps on return to profit

Even though this is true, most investors trade the opposite way… They think it’s foolish to buy at new highs. They are wrong based on history at least. Since 1950, the results aren’t as amazing… But they still show buying at all-time highs beats the market over the next 12 months.
Source: http://www.dailywealth.com/2679/what-to-do-when-stocks-are-at-new-highs

Energy company LukOil fell $3.20, or 5.9 percent, to $51.20. The drop in stocks might also present investors with the opportunity to buy stocks at lower prices, said Terry Sandven, chief equity strategist for U.S. Bank. “Clearly geopolitical risks are elevated, but it’s too early to tell about the longer-term implications,” Sandven said.
Source: http://finance.yahoo.com/news/global-stocks-slide-tensions-build-215603394–finance.html?l=1

No Time to Buy Cheap Stocks

Cheap vs. Expensive Stocks, 2000 and 2014

Today, there are fewer stocks in the cheap end of the curve at least on an earnings basis. If you want a graphic reason why finding cheap stocks is harder now, this is as good as any Ive seen. It pays to wait and be patient. Regards, for The Daily Reckoning P.S.Regardless of where the market decides to go between now and 2021, there will be always be ways to safeguard and even grow your wealth in the process. To gain exposure to specific opportunities that will help you do just that, sign up for the FREEDaily Reckoning email edition, right here.
Source: http://dailyreckoning.com/no-time-to-buy-cheap-stocks/

GPIF Pressure to Buy Stocks to Benefit Public, Ito Says

(Photo: Alan Diaz AP) Minneapolis-based retailer says it’s gained market share Company’s improving picture based on cost-cutting, not sales SHARE 18 CONNECT 10 TWEET 2 COMMENTEMAILMORE Best Buy must almost feel like it’s the good ol’ days. The world’s largest consumer electronics retailer saw its stock rise more than 2% in afternoon trading Thursday — to $26.26 — as it announced that it had returned to profit in the fourth quarter, topping Wall Street expectations. But the improving financials didn’t really come from sales, but from cost cutting, the company said. CEO Hubert Joly has put the company on a mission to slash $1 billion in annual costs.
Source: http://www.usatoday.com/story/money/business/2014/02/27/best-buy-stock-holiday-shopping-fourth-quarter-results-stock/5858271/