Need to Know
AUGUST 30, 2013
To all Gmail users:
To ensure that you continue to see your MarketWatch emails, please drag and
drop one of our emails into your Primary tab and click "Yes" when
asked if you would like to do this for future messages from MarketWatch.
You can also add "MarketWatch" to your Gmail contacts list or
filters.
6 gut checks before the stock
market's opening bell
By Shawn Langlois
Good
morning.
This year has seen an inordinate scarcity of big moves in the stock market,
and CNBC is paying the price. Sound effects, glad-handing the hedgies and
battling it out, Family Feud-style, with a gang of talking heads is a whole
let less interesting when markets are in snooze mode. Hence, CNBC's ratings
haven't been this low in 20 years (more on
this below). Fingers crossed in Englewood Cliffs that missile strikes liven
things up a bit.
If Assad's lippy 11-year-old son has any say in the matter, that'll
start happening sooner rather than later. Then, as we head into the
notoriously stingy fall months, the market climate could start to "get crashy" in a hurry.
(Though, not everyone is worried.).
Turns out "Crashy" is Albert Edwards's middle name. Actually,
it's probably something like Fran, or Joe. Scott? Not sure. Whatever it is,
SocGen's resident Chicken Little is back at the crystal ball with his
attention-hunting prediction for an insane market implosion. CNBC should
most definitely get in touch with this guy! Oh...
For now, no big blow ups heading into the holiday weekend, markets or
otherwise.
Key market gauges: Asian stocks finished the day mostly
lower, with both the Nikkei and the Shanghai Compositie were unable
to get anything going. Europe is looking weak, while futures on the Dow
and the S&P are largely flat, indicating investors aren't willing
to take any chances on the Friday ahead of a long holiday weekend.
Oil futures are giving back a chunk of their Syrian-intervention
premium as a strike doesn't seem as imminent after the Brits decided to sit this one out .
And gold is also getting hit hard.
The economy: The first glimpse at consumer habits in the
third quarter showed consumers were, uh, barely spending. Spending edged up
a whopping 0.1%, falling short of consensus. Personal income also rose by
the same amount. Little change is expected in a consumer
sentiment survey that hits at 9:55 a.m. The initial August reading dropped
from 85.1 in July -- the highest level in six years -- led by gloomier
views on the state of the broader economy. Read: Spotlight on the economy .
The buzz: Salesforce.com shares are blowing up in a
good way this morning after the company late Thursday breezed past Wall Street estimates and
threw out some strong numbers looking ahead. Splunk also jumped on its report , adding to its
already hefty gains so far this year.
Apache shares is getting a premarket bump after striking a deal to
sell a 33% stake in its Egyptian unit to China's Sinopec for a mere
$3.1 billion.
Following its disappointing report, Krispy Kreme Donuts shares
are letting off some steam after having
tripled in the past 12 months.
Amanda
Rosenberg and her love connection with googlinaire Sergey Brin is still a
hot topic on Google's business page. Apparently, she went to the same school as Princess Kate . Landing
Rich Guys 101?
The chart of the day:This illustration probably doesn't show
you anything you don't know already, but it's still worth a look. The dark
line is the volatility in the markets, the two lighter lines show the
number of CNBC viewers. "You know all those countdowns, the dramatic
intros, the ever-repeating footage of riots and the dramatic music?"
wrote Sverre Rorvik Nilsen, from the Finansakrobat blog . "I present
to you the strong correlation between volatility in the markets and CNBC
viewership."
The
call of the day: The canary in the coalmine just
let out his last, fateful tweet, according to SocGen's Edwards.
"The emerging markets 'story' has once again been exposed as a
pyramid of piffle," he warned. So what does that cute alliterative
flourish at the end there mean for the big picture? "At the risk of
being called a crackpot again, I repeat my forecasts of 450 for the
S&P, sub-1% US 10y yields and gold above $10,000," Edwards. As
permabears go, few do it better.
Random reads:Chelsea, and their new signings, avoid the The Champions League "Group of Death."
The story's not really about Chelsea, but it definitely should be.
Twerk -- 4.6 million vs. Syria -- 2.3 million. Twitter has made its choice .
Speaking of the twerk heard around the world, Miley's circus show claims another victim : The guy who
invented the foam finger is devastated.
Relax. You're not stupid, silly. You're just poor .
Blobfish got my vote, and it's winning by a landslide .
Need to Know starts early and is updated as needed until the opening
bell, but sign up here to get it delivered
once to your e-mail box. Be sure to check the Need to Know item. The
e-mailed version will be sent out at approximately 8:45 a.m. Eastern.
Follow @slangwise on Twitter.
MarketWatch
has sent you this newsletter because you signed up to receive it.
To ensure you receive this newsletter in the future, please add
marketwatchmail.com to your list of approved senders.
Sent to: alanrussell@princetoncap.com
Unsubscribe | Subscribe
Copyright
2013 MarketWatch, Inc. All rights reserved.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks
of MarketWatch, Inc.
By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07).
MarketWatch - Attn: Customer Service, 201 California St., San
Francisco, CA 94111
|
Instant 6 month payday loan are considered to be the best source of availing the extra fund when no one is there for your help. Through this individual without any chance of turning down their application form due to their bad credit rating can easily avail the funds required?
ReplyDelete6 month loans bad credit no brokers
3 month payday loans no brokers
Bad Credit Loans over 6 Months