Detroit is Not Broke!
by Scott Baker
Editor's note: We have posted two other Opinion articles on the topic of the Detroit bankruptcy over the last two days. This is posted to extend the discussion of what was published previously.
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Detroit Industrial Real Estate
Markets Repeat Yesterday And Go Nowhere But Sideways
Closing Market Commentary For 08-09-2013
Past 4 days have had heavier volume than previous sessions and it seems we have an equal number of buyers and sellers. The problem for traders is not the increase in volume, but the narrow trading range and reversals we are witnessing. Maybe next week things will improve for traders and investors alike.
Markets closed down after a brief run in the green this morning but remained in a relatively tight trading range. Cautious traders were closing out riskier position in light of a possible stormy weekend in the EU causing a minor sell off towards the session close.
What We Read Today 09 August 2013
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list reports on how online popularity ratings are manipulated by massive padding of click counts ........ and the last article discusses the persistent decline in wage share around the world.
02 August 2013: ECRI's WLI Growth Continues to Improve
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ECRI's WLI Growth Index improved, and remains positive. A positive number predicts positive growth to come within the next six months.
Mr. Market Is Full Of Surprises As Markets Melt Back Up
Midday Market Commentary For 08-09-2013
Interesting session in that the averages are generally melting downward, but that the volume is moderate to heavy indicating investors are closing out riskier positions.
By noon the averages had bounced off the morning lows and consolidated about half way down from the opening. Volume is falling off looking more and more like this is going to be a session in the red.
Fukushima Emergency: Plant Leaks 300 Tons of Radioactive Water Daily
The Japanese Prime Minister has ordered the government to step in and help contain ongoing radiation leaks from the Fukushima power plant. Tepco - the company that runs the facility that was crippled in the Fukushima power plant.
Casino Markets Confuse Investors In Roller Coaster Ride
Opening Market Commentary For 08-09-2013
Premarkets were down indicating a gap down for the cash crowd as the 'fear index' ($VIX) remains below 12.
Markets opened down as expected but that turned out to be a bear trap as the markets quickly turned around (what else would you expect in this casino market) where the SP500 moved up near yesterday's highs and the small caps jumped a tad above.
By 10 the markets looked uncertain as the game was changing again.
Bad Month for Wholesale Sales in June 2013
Written by Steven Hansen
June 2013 wholesale sales and inventories data just had a bad month following two months in a row of good data. This data series is very noisy, and has been on a roller coaster of one good month / one bad month. This analysis is worse than the published headline analysis - and inflation adjusted growth is contracting year-over-year.
Read more >>
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Finding Option Opportunities - Part 2
Online Trading Academy Article of the Weekby Russ Allen, Online Trading Academy Instructor
Last week's article, which you can readhere, was part 1 of this two-part discussion on finding option opportunities. I noted that there are many ways of doing this, and described a method that involves looking for stocks or ETFs whose options are extremely expensive, and then selling those options.
The process I described has 9 steps, listed below. I described steps 1-5last week, and today we'll finish up with the rest. I've summarized steps 1-5 in a few words below.
Detroit and the Law
by Frederick J. Sheehan, Aucontrarian
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The City of Detroit, Michigan's petition for "
bankruptcy protection and the adjustment of debts under chapter 9 of the United States Bankruptcy Code" (case number 13-53846 United States Bankruptcy Court for the Eastern District of Michigan, Southern Division), offers plenty of opportunity. Among the potential windfalls are to those who buy contracts at a discount, the clarity of bondholder claims, and the clarity of retiree benefit claims.
For claimants, it is now a roll of the dice. When a municipality enters bankruptcy, the court can exert enormous control over mayors, city councils, and legislative bodies.
Is China Trapped in Deflation?
Econintersect: Consumer price inflation remains but for 17 months the PPI (Producer Price Index) has been deflating year-over-year. The latest CPI
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(Consumer Price Index) is up 2.7% for July from the same month in 2012, equaling the gain for June and higher than the 14-month average of 2.2%. The CPI increase was dominated by food. Without food prices (up 5%), the CPI would have been 1.6%. The low inflation without food is causing some observers to call for China to cut interest rates and increase liquidity. Such action would be contrary to recent actions by the government and the People's Bank of China to tighten credit available in a run-away shadow banking system.
Investing.com: Technical Analysis 08 August 2013
Investing.com Technical Analysis (as of Thu, 08 August 2013 05:00pm EDT)
by Investing.com Staff, Investing.com
Below, technical overviews and analysis for key stock indices, commodities and
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currency pairs, based on market activity at the close of the 08 August 2013 U.S. session. This information is a comprehensive summary derived from simple and exponential moving averages along with key technical indicators shown for specific time intervals.
Prometheus: Gold Begins Important Short-term Cycle
Yesterday, we noted the potential formation of the latest short-term cycle low (STCL) in gold. The strong advance today generated a cycle low signal, confirming that a new short-term cycle is in progress. The return to the STCL in July during the beta phase decline of the previous cycle suggests that cycle translation is in [...]
Fed's Balance Sheet 07 August 2013: Another Record
Total Fed Balance Sheet
Fed's Balance Sheet is $3.542 trillion (down from the last week's record $3.529 trillion). The complete balance sheet data and graphical breakdown of the cumulative and weekly changes follows the "read more".
Read more >>
Rail Week Ending 03 August 2013: Dynamics Continue to Improve
Econintersect: Week 31 of 2013 ending 3 August shows same week total rail traffic (from same week one year ago) was mixed according to data released by the Association of American Railroads (AAR). Railcar count is down, and intermodal count is up.
- Weekly overall data is up but not as strongly as last week, and up even stronger ignoring coal and grain;
03 August 2013 Unemployment Claims Again Improves
Blue Line 4 Week Average
The market was expecting 340,000 to 345,000 vs the 333,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average
improved, moving from 341,250 (reported last week) to 335,500.
Read more >>
Infographic of the Day: And You Thought You Knew Everything About Wine
With over 1,300 different wine grapes out there how do you find wines you'll like? Discover similar tasting wines with this chart of almost 200 different types of wine. Organized by style and then flavor, it's easy to see the taste relationships and look for synonymous wines. A great exploratory tool for a wine lover.
Why This Sector Will Always Offer a Buying Opportunity
Written by George Leong, Profit Confidential
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The S&P 500 may be nearing a new record high, but trust me when I say there's some nervousness growing in the market. I really don't blame you if you want to take some profits.
In fact, I insist.
When I look for sectors that I feel are less sensitive to what the global economy does, I always come back to the food sector as abuying opportunity.
WhatsApp Reaches 300 Million Active Users
by Felix Richter, Statista.com
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Mobile messaging startup WhatsApp continues to stand strong in the face of competition from some of the largest players in the communications industry. The smartphone messaging service just passed 300 million active users, up from 250 million less than two months ago. This achievement is all the more impressive considering the big names WhatsApp is competing with: Facebook, Skype and Apple, just to name a few.
ECRI's WLI Growth Index improved, and remains positive. A positive number predicts positive growth to come within the next six months. 
The City of Detroit, Michigan's petition for "bankruptcy protection and the adjustment of debts under chapter 9 of the United States Bankruptcy Code" (case number 13-53846 United States Bankruptcy Court for the Eastern District of Michigan, Southern Division), offers plenty of opportunity. Among the potential windfalls are to those who buy contracts at a discount, the clarity of bondholder claims, and the clarity of retiree benefit claims. 
(Consumer Price Index) is up 2.7% for July from the same month in 2012, equaling the gain for June and higher than the 14-month average of 2.2%. The CPI increase was dominated by food. Without food prices (up 5%), the CPI would have been 1.6%. The low inflation without food is causing some observers to call for China to cut interest rates and increase liquidity. Such action would be contrary to recent actions by the government and the People's Bank of China to tighten credit available in a run-away shadow banking system.
currency pairs, based on market activity at the close of the 08 August 2013 U.S. session. This information is a comprehensive summary derived from simple and exponential moving averages along with key technical indicators shown for specific time intervals.
The S&P 500 may be nearing a new record high, but trust me when I say there's some nervousness growing in the market. I really don't blame you if you want to take some profits.
Mobile messaging startup WhatsApp continues to stand strong in the face of competition from some of the largest players in the communications industry. The smartphone messaging service just passed 300 million active users, up from 250 million less than two months ago. This achievement is all the more impressive considering the big names WhatsApp is competing with: Facebook, Skype and Apple, just to name a few.