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To: Woody_Nickels who wrote (54175)10/10/2011 11:21:29 PM
From: Return to Sender
   of 79751
I was checking it all day too to see if it was a 90% upside day. The other thing that was less than impressive was the volume being so light. I am really glad I am not the only one watching this now.


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To: Return to Sender who wrote (54176)10/11/2011 12:28:32 AM
From: Sam
1 Recommendation   of 79751
Asia shares jump after China move, euro firm

On Monday October 10, 2011, 11:11 pm EDT
By Alex Richardson

SINGAPORE (Reuters) - Asian shares jumped on Tuesday after China moved to support its stock market by buying shares of major banks, and the euro held the previous session's big gains on hopes that European leaders are finally taking action to protect the continent's lenders.

World stocks clambered out of bear market territory on Monday after a pledge from German and French leaders to come up with a plan by the end of the month to tackle Greece's confidence-sapping debt woes and recapitalize European banks.

"I think it is significant that Germany and France came together to show they will not allow big banks to collapse," said Takashi Hiroki, chief strategist at Monex Securities in Tokyo. "Hopes that there won't be an abandoned bank like Lehman will ease excessive worries in the market."

Commodities were steady after surging on Monday as money flowed back into riskier assets.

Shares in China's big four banks leapt after the country's sovereign wealth fund bought their shares in the secondary market on Monday, in Beijing's first move to support stock prices since the 2008 financial crisis.

Japan's Nikkei share average ( ^N225 - News) rose 2.2 percent, partly catching up with gains elsewhere in the region on Monday, when Tokyo was shut for a holiday. ( ^T - News)

MSCI's broadest index of Asia Pacific shares outside Japan ( ^MIAPJ0000PUS - News) also rose 2.2 percent, led by a jump in Chinese shares, with Hong Kong's Hang Seng ( ^HSI - News) up 3.6 percent and Shanghai's benchmark ( ^SSEC - News) up 2.8 percent. ( ^HK - News; ^SS - News)


Global markets were buoyed after German Chancellor Angela Merkel and French President Nicolas Sarkozy said they would agree on how to recapitalize European banks and present a plan for accelerating economic coordination in the euro zone by a G20 summit in Cannes on November 3-4.

"In our view that is both a positive and a negative," said Dan Greenhaus, New York-based chief global strategist at broker-dealer BTIG. "It was negative in that no specific details were provided, but positive that they have given a self-imposed deadline."

Greenhaus told Asia-based reporters on a conference call that BTIG believed Europe's banking sector would need an injection of 300-500 billion euros.

"Ultimately the major banks need to be recapitalized, but not recapitalized by an unreachable amount of money," he said.

Wall Street stocks ( ^SPX - News) rose more than 3 percent on Monday and European shares gained nearly 2 percent. ( ^N - News; ^EU - News)

MSCI's All-Country World index ( ^MIWD00000PUS - News) now stands around 18 percent below its May high for the year after climbing above the 20 percent loss level -- the rule-of-thumb definition of a bear market -- on Monday.

The euro was firm around $1.3648 on Tuesday, after surging as much as 3 cents to a high just below $1.37 in the previous session. The single currency edged up against the yen to around 104.60.

The dollar was flat against a basket of currencies ( ^DXY - News), and U.S. Treasuries fell as investors appetite for riskier assets returned, with the 10-year yield rising 10 basis points to around 2.164 percent.

Oil edged up, with U.S. crude up 25 cents at $85.65 a barrel and Brent crude gaining 15 cents to $109.10.

Gold, which in recent weeks has switched from a negative to a positive correlation with riskier assets such as industrial commodities and stocks as safe haven investors turned instead to the dollar, rose 0.4 percent to around $1,684 an ounce.

(Additional reporting by Hideyuki Sano; Editing by Ramya Venugopal)

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To: Return to Sender who wrote (54059)10/11/2011 3:19:42 AM
From: pcyhuang
   of 79751
Beware! -- KLIC and John Neff's Stock Valuation Model

Neff's Model of Finding Value Stocks

Here is the latest list of stocks picked by Neff's valuation model, as interpreted by AAII. All data are as of Aug.31.

Report TOU Violation Recommend This Post

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From: Donald Wennerstrom10/11/2011 10:18:47 AM
   of 79751
US Solar-Power Developer SunEdison Moves To California From Maryland
7:04 PM ET 10/10/11

SAN FRANCISCO (Dow Jones)--MEMC Electronic Materials Inc.'s (WFR) solar-power development unit SunEdison moved its headquarters to the San Francisco area from Maryland to be closer to the one of the world's fastest-growing solar markets, the company said Monday.

"We do think that California is the epicenter for solar," SunEdison President Carlos Domenech said in an interview.

California is on track to add about 6,000 megawatts of solar power over the next few years and SunEdison aims to snag a good-size piece of that, Domenech said.

SunEdison, which builds, owns and operates solar-power plants and rooftop generators using solar panels, does about half its business in the U.S. and Canada, and the rest in Europe and other regions, Domenech said. The group uses panels made by its parent company and also buys panels from other manufacturers for its projects.

SunEdison moved its headquarters from Beltsville, Md., to Belmont, Calif., a suburb of San Francisco. MEMC, which makes silicon wafers for the semiconductor and solar industries, is headquartered in St. Peters, Mo.

California Gov. Jerry Brown, who attended the opening of SunEdison's new headquarters, praised the company's move.

"California is open for business, we're the innovative state and we're going to invest in solar and make California not only the national leader, which it already is, we're going to make it the world leader, and we're going to do that with a company like this," Brown said.

In September, SunEdison bought San Francisco-based solar-farm developer Fotowatio Renewable Ventures Inc. for $112 million, plus repayment of $19 million of debt. That purchase added 1,400 megawatts of solar farms to SunEdison's project pipeline.

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To: Donald Wennerstrom who wrote (54179)10/11/2011 11:26:03 AM
From: Donald Wennerstrom
1 Recommendation   of 79751
Veeco Instruments (NASDAQ: VECO) was downgraded by equities research analysts at Piper Jaffray (NYSE: PJC) to a “neutral” rating in a research note issued to investors on Tuesday.
Oct 11th, 2011

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From: Sam10/11/2011 11:41:38 AM
   of 79751
OT--general economy article from Joe Nocera

This Time, It Really Is Different
Published: October 10, 2011

The title of the white paper is, admittedly, a mouthful: “The Way Forward: Moving From the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness.” It was commissioned by the New America Foundation, which hoped that it might “re-center the political debate to better reflect the country’s deep economic problems,” according to Sherle Schwenninger, the director of the foundation’s Economic Growth Program. Its authors are Daniel Alpert, a managing partner of Westwood Capital; Robert Hockett, a professor of financial law at Cornell and a consultant to the New York Federal Reserve; and Nouriel Roubini, who is, well, Nouriel Roubini, whose consistently bearish views have been consistently right. It is scheduled to be released on Wednesday.

I don’t know that anything at this point could re-center the political debate, so unyielding are the two parties. But as Congress prepares to take steps, through the deliberations of the already deadlocked supercommittee, that will likely further wound our ailing economy, “The Way Forward” ought to at least give our politicians pause.

Its analysis of our problems is sobering. Its proposed solutions are far more ambitious than anything being talked about in Washington. And its prognosis, if we continue on the current path, is grim. “Unless we take dramatic steps, it will be Japan all over again,” says Alpert. “Continuous deflation, no economic growth, in and out of recessions. And high unemployment.” Adds Hockett: “It will be like the economic version of chronic fatigue syndrome. A low-grade fever all the time.”

The paper’s central premise is something I’ve been hearing from Alpert for more than a year now: this time, it really is different. What he and his co-authors mean by that is that the bursting of the debt bubble three years ago was not just a severe example of the ups and downs that are an inevitable part of American capitalism. Rather, it was the ultimate consequence of the modern global economy. Chief among the changes that have taken place is the integration of China, Russia, India and other countries into the global economic mainstream. The developed world once had maybe 500 million workers. Today, say the authors, we’ve added another two billion people to the global work force.

That change alone has had a great deal to do with the stagnant wages, income inequality and the oversupply of labor in America that was masked by rising home prices and access to credit. The bursting of the bubble exposed how much the American economy depended on cheap credit. Now that the curtain has been pulled back, cheap credit alone can’t fix our problems. The country is in a deflationary cycle that is very difficult to get out of: as wages decrease (or more workers become unemployed), people become afraid to spend. Assets like homes drop in value. Businesses react by lowering prices and laying off yet more workers — which only triggers a new round of deflation. The only thing that doesn’t change is the unsustainably high debt that was accrued during the bubble.

How can we break this cycle? Like most mainstream economists, Alpert, Hockett and Roubini roll their eyes at the calls for immediate government deficit reduction, which led to the creation of the supercommittee. Reducing government spending in the short term will only make things worse.

Instead, they believe that this is perhaps the best time in recent history for the government to take on a sustained infrastructure program, lasting from five to seven years, to create jobs and demand. “Labor costs will never be lower,” says Hockett. “Equipment costs will never be lower. The cost of capital will never be lower. Why wait?” Their plan calls for $1.2 trillion in spending — not all by the government, but all overseen by government — that would add 5.2 million jobs each year of the program. Alpert says that current ideas, like tax cuts, meant to stimulate the economy indirectly, just won’t work for a problem as big the one we are facing. Indeed, so far, they haven’t.

Their second solution involves restructuring the mortgage debt that is crushing so many Americans. It is a complex proposal that involves, for some homeowners, a bridge loan, for others, a reduction in mortgage principal, and, for others still, a plan that allows them to rent the homes they live in with the prospect of buying them back one day.

Finally, they call for a “global rebalancing,” which includes a radical change in the current dysfunctional relationship between creditor and debtor nations, and even a new global currency that would be administered by the International Monetary Fund.

It is impossible to do justice to “The Way Forward” in this space. It is rich in supporting data, deeply nuanced, with as clear-eyed a view of our economic predicament as I’ve ever read. Though it is not exactly beach reading, by academic standards it is quite accessible.

You can find it at You should read it — even if your congressman doesn’t.

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To: Sam who wrote (54181)10/11/2011 12:12:41 PM
1 Recommendation   of 79751
This is a completely political piece and I believe inappropriate for this board.

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To: Sam who wrote (54181)10/11/2011 12:16:10 PM
From: Eric
   of 79751
Good story Sam. I pretty much agree with it's conclusions.

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To: FUBHO who wrote (54182)10/11/2011 12:22:41 PM
From: Sam
1 Recommendation   of 79751
I am pretty careful about what I post here. I thought that the piece was economy related, not political.

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To: Sam who wrote (54184)10/11/2011 12:27:46 PM
2 Recommendations   of 79751
There were many statements in the piece for which I would like to offer a counter-argument. If something is offering policy prescriptions, it is by nature political. For instance, it mentioned how reducing the deficit would be a BAD THING for the economy. I will just let it go...

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