Friday, June 29, 2012

How Long Will The Relief Rally Last?

The market is rallying nicely this morning on the heels of the headlines out of the EU summit.  I had been skeptical that anything material would come out of the meeting.  Despite the reaction this morning, I don't think the policies they put in place are really enough to tackle their problems.  But I think many market participants had probably gotten too defensive lately.The EU leaders did say that bailout funds could be used to recapitalize banks directly, as opposed to having to go through the sovereigns.  This helps at the...

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Thursday, June 28, 2012

A Tax Is a Tax Is a Tax

Of course the stock market dropped about 130 points. Twenty new or higher taxes across-the-board are bad for economic growth, bad for job hiring, bad for investors, and bad for families. A tax is a tax is a tax, according to Judge Roberts. But he forgot to say that if you tax something more, you get less of it. Presumably Mitt Romney will make this case in a major way. Hopefully he won’t forget that Obamacare is not just a huge tax hike. It’s also a major new spending entitlement that’s already pegged at $2.5 trillion and will increase the federal...

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Waiting on EU Headlines

The market is lower this morning on a pullback following 2 straight days of gains, as well as uncertainty ahead of the EU summit.  Most of the headlines this morning have centered around the Supreme Court decision about Obamacare.  The court upheld the plan, but said the individual mandate could be upheld as a tax not a penalty.  Hospital stocks have rallied while insurance stocks are mostly lower.While the healthcare industry is the most affected by this ruling, I don't think it has sweeping meaning for the overall market. ...

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No Economic Miracle if Obamacare is Overturned

It may well be that the complex tax-and-regulatory mandates embodied in Obamacare have proven to be a deterrent for business job creation. You hear it all the time from men and women in business -- especially smaller businesses, but large companies too.However, color me skeptical that business will embark on a hiring binge if the Supremes overturn the Obamacare mandate tomorrow. Why? Because the uncertainty premium about future health-care policy is still going to be high, and it won’t be resolved until well after the election. Businesses will...

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Wednesday, June 27, 2012

China Stimulus Rumors Boost Market

The market got a couple of boosts this morning that have helped push stocks higher for a second day ahead of quarter end.  Overnight, Asian markets rallied on hopes that China would provide more stimulus measures to its economy.  Not sure if there's any validity to the rumors, but our markets were poised to open higher this morning.Europes's bourses were also higher across the board this morning ahead of the EU summit.  I don't think anyone is expecting earth shattering news to come out of the summit, which does set the market up...

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Tuesday, June 26, 2012

Watching Peripheral Bond Yields

The market is only slightly higher in early trading following yesterday's big selloff.  Investors are awaiting the EU summit later this week and the big question is can the leaders come up with something that will assuage markets.  Today, Spanish bond yields are topping 6.8% and Italian bond yields are on the rise as well.The Conference Board's consumer confidence index came in below consensus at 62.0 vs. a reading of 64.4 in the prior month.  Economic data seems to have been slowing lately, the news backdrop remains negative, so...

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One-on-One with Marco Rubio

The run-up to the presidential election is really a debate about growth and taxes, Sen. Marco Rubio of Florida told CNBC on Monday. “Growth helps the debt be more manageable, unemployment, all of these things,” he said in an interview on “The Kudlow Report.” “Tax increases do not lead to growth,” he said. “The reason why I oppose increases in taxes is not some religious objection, or even an ideological one. It is the knowledge that increasing taxes discourages growth.” Rubio said that taxes remove money that was going to...

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Monday, June 25, 2012

Monday Morning Musings

Mr. Market is not in a good mood this morning as concerns swirl that this week's EU summit will not produce any tangible solutions.  Asian markets were lower across the board overnight, and Europe is under pressure again this morning.Spain made a formal request for 100 billion euros to recapitalize its banks.  And peripheral yields are on the rise with selling in both Spanish and Italian bonds.  I too am skeptical of a viable solution from this week's summit, but I do hope they can at least come up with something to assuage the markets...

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Friday, June 22, 2012

Marketing Awareness.

Creating awareness is often rightly derided as an unimaginative advertising goal. But that doesn't mean it's an inherently bad goal. Indeed,  if you share my conviction that it is the user who decides what your product/service means to them, then you could argue that awareness is all you can genuinely hope to achieve.British Airways neither make grandiose claims that they won't match in real life nor do they fall in to the trap of boasting about their sponsorship status that, at best, comec across as faintly ridiculous.They simply suggest...

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Looking For Next Support Levels

The markets caught folks asleep at the wheel yesterday and took a good shellacking.  After the FOMC meeting, there was little reaction in the markets on Wednesday, and that may have lulled some investors into a sense of complacency.  But on Thursday the rug got pulled out, and the selling accelerated and pushed the major indexes back below their 50-day averages.Last night Moody's downgraded several banks, but it looks like the news was well telegraphed and mostly priced in.  To wit, the financials are leading the market this morning...

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Thursday, June 21, 2012

Technology Buyers Tell Us How to Speed Up the Buying Cycle

IT leaders making enterprise-level technology purchases report that their buying cycle has increased by more than 20% in the last three years, according to IDC's 2012 Buyer Experience study. They are not happy about this fact and were not shy about telling IDC about how vendors can speed things up.IDC's 2012 Buyer Experience Study reveals that CIO's making enterprise-level technology purchases report that their buying cycle is now longer than five months when multiple vendors are competing for their business.I find several things interesting about...

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Wednesday, June 20, 2012

Six Key Table Stakes for B2B Sales and Marketing Alignment

The IDC CMO and Sales advisory services held their most recent client leadership meeting in Santa Clara on June 5th. One of the key topics of the day was sales enablement. The ensuing dialog between the sales and marketing execs in the room was as impassioned as it was ineffective. Many of the usual themes were expressed (in the nicest possible way): "marketing leads are crap", "sales doesn't follow up", etc. etc.Whenever I hear this conversation it always sounds like the two sides are talking past one another. Neither really understands how to...

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Will The Fed Announce More QE Today?

The market opened flat this morning after four consecutive up days in a row.  Normally, I would think the setup going into today's FOMC meeting would be a classic buy the rumor, sell the news reaction.  By that I mean the market has run up for the last four days so it is ripe for a pullback.It is certainly possible that if the Fed announces more QE at today's meeting that the market can rally further.  But it wouldn't surprise me to see it selloff either way.  I mean, if the Fed does announce more QE aren't they acknowledging...

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Tuesday, June 19, 2012

The Relief Rally Continues

The market is up again in early trading.  There isn't really any concrete news that would account for the strength we are seeing.  Rather, it seems that investors were too cautious last week as they prepared for the weekend, and that fear trade is being repealed over the last few sessions.Asian markets eased back overnight, but Europe is higher this morning as Spanish yields come down a little and the euro gets a bid vs. the dollar.  Oil prices are higher to $84.15, while gold prices are flat near $1626.  Silver prices are lower,...

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Monday, June 18, 2012

CMO Turnover at Nokia, and in General...

Nokia's CMO Jerri DeVard is out of a job today, hitting the screen at 18 months. (See: http://tiny.cc/crz3fw).We have seen this many, many times in this role. Why is CMO job tenure often so short?CMO's come in three basic flavors. There is the Mar-Comm CMO, who has skills in branding and messaging and corporate communications. There is the Product CMO, who has come up through the product line or LOB ranks, with a successful background in Product Management and Product Marketing. Finally there is the Selling CMO, who has come up through sales and...

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Monday Morning Musings

The relief rallies we are seeing with each new twist in the eurozone saga seem to be getting shorter and shorter.  I made this remark last week when the market rallied on the Spanish bank bailout requests but the early rally completely faded by the end of the day.So far this latest reaction to the Greek elections has been even shorter.  On Sunday when the news came out I saw that the Dow futures opened up around +150.  When I checked after the US Open the futures had cut those gains in half.  But what really surprised me was...

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Saturday, June 16, 2012

Bugil di depan kamera

Sekitar 6 bulan yang lalu, masyarakat internet di Indonesia dikejutkan dengan beredarnya foto-foto syur seorang mahasiswi sebuah universitas terkenal di Jakarta. Menurut sumber yang saya baca, awal mula beredarnya foto-foto tersebut adalah dari akun facebook si korban (cewek yang ada dalam foto-foto tersebut). Di duga akun facebook si korban dihack oleh mantan pacar, atau mungkin orang terdekat lainnya yang menyimpan foto-foto tersebut.Lalu orang tersebut mengupload foto-foto si korban. Dan sampai akhirnya menyebarluas sampai ke segala...

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Afika, ada apa dengan bocah ini?

Afika, ada apa dengan bocah ini?Kalau ngga salah, nama panjangnya adalah Amanina Afiqah Ibrahim. Namanya menjadi banyak dibicarakan penduduk dunia maya setelah ia membintangi iklan Oreo. Di iklan tersebut, wajah Afika terlihat sangat menggemaskan ditambah lagi dengan pola tingkahnya yang lucu. Bahkan Luna Maya pun semakin jauh ketinggalan. Btw, taukah kalian kalau diiklan Oreo tersebut terdapat beberapa keganjilan?Untuk lebih jelasnya, saya...

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SOPA dan PIPA

Aksi protes terhadap SOPA dan PIPAHari ini dunia maya ramai dengan dua hal konyol yang bernama SOPA dan PIPA. Apa itu SOPA? SOPA adalah kepanjangan dari Stop Online Piracy Act. Sedangkan PIPA adalah kepanjangan dari Protect-IP Act.Tolong, lidah saya kecengklak.Intinya sih SOPA dan PIPA adalah sebuah peraturan yang akan diundangkan untuk menghentikan terjadinya pembajakan secara online. Peratran ini sedang digodok oleh pemerintah AS. Banyak...

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Tragedi ingus berdarah

Tragedi ingus berdarahJadi ceritanya tuh, beberapa hari ini saya lagi ingusan (walaupun sekarang saya bukan lagi bocah ingusan). Dan tadi pagi, sewaktu mau mandi saya mendapati ada yang aneh dengan ingus saya. Awalnya saya mulai dari hidung yang sebelah kanan, singgg, keluar tuh ingus. Lalu hidung yang sebelah kiri, singgg, ternyata kali ini ada yang aneh dengan warna ingusnya. Kuning bercampur dengan merah. Saya kira itu darah, setelah saya...

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Misteri Nenek Gayung

Beberapa minggu terakhir, ada satu urban legend lagi yang malang melintang ditelinga orang Jakarta. Dulu kita mengenal yang namanya kolor ijo, makhluk sejenis hulk, tapi tidak berbadan atletis, dan kebetulan memakai kolor/boxer berwarna hijau. Dan sekarang ada satu makhluk (atau apalah) yang disebut-sebut sebagai Nenek Gayung. Konon katanya, dia adalah seorang nenek-nenek. Dan konon katanya lagi, dia membawa gayung. Dari dua ciri-ciri inilah...

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Friday, June 15, 2012

Is It All Priced In??

The markets are up for a rare second day in a row.  I would have expected to see some weakness yesterday but the market closed fairly firm and today is has taken out recent highs at SPX 1335.  It is possible that some of the upside skew yesterday and today is being affected by today's options expiration.Another possible thesis is that maybe all of the scary potential news this weekend has for the most part been priced in?  Markets are good at telegraphing things that are already well known.  We have been talking about the Greek...

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Thursday, June 14, 2012

Are Investors Anticipating QE3?

The markets are higher in early trading, on little real news.  The is the 7th day in a row of flip-flopping by the market, where we are up one day and down the next.  I also think that speculation is growing that the Fed will embark on another round of quantitative easings.  Though remember that each subsequent round of easing seems to have a less lasting effect on the markets.Asian markets were lower overnight, and Europe is down this morning.  Moody's downgraded Spain's debt rating last night pushing yields on Spanish debt...

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Wednesday, June 13, 2012

Still Holding The Recent Range

The market dipped in early trading but is currently attempting to bounce from those levels and get back into positive territory.  Yesterday's trading showed solid price action with good volume.In economic news, retail sales fell by 0.2% in May, and fell 0.4% when you exclude auto sales.  Also, producer prices declined 1.0% in May, while core producer prices rose 0.2%.  So really the big declines came from food and energy prices.Overnight action in Asian was generally positive, while Europe's bourses are lower today.  Yields...

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IBM starts the CMO + CIO Dialog

IBM's new CEO Ginni Rometty is targetting the CMO role in her first major client event. On June 6-7, Over 300 important IBM customers were invited to thie "CMO + CIO Leadership Exchange". They attended in executive pairings - the company CMO plus CIO – to explore their business relationships and objectives related to Marketing Automation.As an opening comment, Rometty stated that "IBM wants to set the agenda on the topic", and she exhorted her customers to move fast, to capture the benefits. Over the two day session, the dialog and content was...

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Tas Ransel Polo Murah

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Tuesday, June 12, 2012

Stocks Bounce Despite Spanish Strains

The markets are higher in early trading.  Yesterday's action was clearly disappointing as the early gains quickly dissipated and the market closed near its lows.  I thought we would see more weakness this morning, but the markets so far have been bouncing despite ongoing strains in Spain.Spanish yields continue to rise, and Fitch made further ratings cuts to some Spanish banks.  Despite these issues, Europe's stock markets are higher today.  Asian markets were lower overnight after the selloff in the US.TXN narrowed its earnings...

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Facebook Likes Are Like What?

1747 likes for a lecture which took place in a hall with a capacity much smaller than that, but which was not full. Draw your own conclusions. Social media are broadcasting media. They're predicated on self-validation rather than inte...

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Monday, June 11, 2012

Monday Morning Musings

There is little in the way of corporate news or economic data to move the markets this morning, with the entire focus pretty much on the announcement that Spain has requested a bailout for its ailing banks.When the news came out over the weekend, enthusiasm spiked that the fresh capital for the banks would bring some stability to Spain, and the futures spiked higher.  Asian markets were up 2% of more overnight, and Europe's markets sported strong gains this morning.But the enthusiasm seems to be quickly waning as investors ask more questions...

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Thursday, June 7, 2012

China Cuts Rates Again

The market is higher in early trading, adding to yesterday's outsized gains.  The S&P 500 got as high as 1329 this morning before running out of steam.  Last week's high was 1335, so we see where near-term resistance is for the time being.Overnight China cuts its benchmark rate another 25 basis points to 3.25%.  That follows a rate cut yesterday by the Reserve Bank of Australia.  The Bank of England stood pat at its current rate of 0.5%, half that of the ECB's 1.0% level.  I still think the ECB should have cut rates,...

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One-on-One with Jeb Bush

Former Florida Governor Jeb Bush on Wednesday hailed the outcome of the Wisconsin recall election, praising Governor Scott Walker for emboldening conservatives in their drive to slash spending on a national level. “He’s a courageous leader, and he was rewarded for courage,” Bush said on CNBC’s “The Kudlow Report.” “In a world of dysfunction, it’s really good that a guy like that, who had the courage of his convictions and acted on them, is rewarded with a victory. I don’t even know why we had the recall to begin...

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Wednesday, June 6, 2012

Scheduling Conflict

I have a meeting this morning, so look for my market comments after the close of trading toda...

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Tuesday, June 5, 2012

Should The ECB Cut Rates?

The market is slightly higher in early trading, but the S&P 500 is still not back above its 200-day average.  The 200-day resides near 1285.  The SPX briefly bumped its head at 1285 this morning before pulling back.  So that's a level bulls would like to see recaptured by the close today.I'm glad we didn't have a big up open in the market, since that often is just a setup for a failed rally attempt.  I would rather see the markets open flat and then build some strength into the close.  We shall see.  There...

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Monday, June 4, 2012

Looking For The Elusive Bounce

The markets are mixed in early trade after opening slightly higher but quickly fading back into negative territory.  The first hour dip was relatively shallow and the indexes are trying to make a stand.  The Nasdaq has moved back into positive territory while the S&P 500 is still a few points shy.The disappointing non-farm payrolls report on Friday really took the wind out of the sails of this market.  I thought folks would have already be expecting a poor jobs report, but the figures turned out weaker than most expected.The...

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