Stanley dit que ça va faire "crouche"

Stanley Crouch, who is Chief Investment Officer of Aegis Capital, came on CNBC today and he is calling for pullback in the stock market and in risk assets. Not just a small correction. Crouch is calling for a 15% to 25% market correction in the coming weeks. To add insult to injury, he doesn’t see a central bank put and he thinks that the Fed will stand idly by.

Crouch’s position is that if the peak in the S&P 500 was truly in on September 14, then the effects of QE3 lasted about 22 hours. He is calling for more downside based upon historic moves.

He said that the S&P 500 will need to hold support at about 1,330 otherwise then maybe the lows of October 2011 will be seen again. After we took a look back at that time, it is important to realize that the lows dipped actually down as low as just under 1,075 during that month.
With the S&P 500 Index around 1,437 today that first key support level, that first support would represent prices of about 7.5% lower than today. If you go to Crouch’s extreme case where the market goes back and retests the lows from last October then the losses from today’s price would come closer to 25%.

ELD.to EGO.nyse / Exploration Update

 Eldorado Gold Corporation , is pleased to provide an update on selected exploration results received since our previous News Release 12-17 on June 27, 2012. These results include assays from drilling in Turkey, Greece, Romania and China and include a new style of mineralization at the Piavitsa project in Greece and a new high grade intercept from below the previously mined Qinglongtan pit at the Tanjianshan mine in China.

les détails sur ...

http://finance.yahoo.com/news/eldorado-exploration-220500533.html

La MA200 semble vouloir s'aplatir et la MA50 arrive.

GPRN

Groupon  announced today it has acquired Savored (http://www.savored.com), a leading provider of reservations at the best restaurants across the United States. Terms of the deal were not disclosed.

More than 1,000 restaurants nationwide have used Savored’s unique platform for yield management. After booking a reservation on Savored.com and visiting the restaurant, diners enjoy up to a 40% discount applied automatically to their bill. Merchants enjoy incremental revenue for tables that would otherwise be empty, and consumers are incentivized by the ‘built-in’ discount and roster of high-end eateries to explore.

“Savored’s platform nicely complements Groupon’s efforts in yield management, an area we’ve pioneered with Groupon Now!,” said Dan Roarty, VP of Groupon Now. “We look forward to working together to achieve a common goal - making dining out even more fun and affordable for consumers while helping restaurateurs manage inventory and grow their businesses.”

Halloween

Get out the pumpkins and the ghosts, stock up the candy bowl, and find a costume, it's almost Halloween.

With a record 170 million people planning to celebrate Halloween this year, the holiday continues to be embraced by many as a time to let loose and have a good time. That also means for retailers, there is some money to be made. 

he results of a survey conducted by BIGinsight on behalf of the retail industry's trade group, the National Retail Federation. A pick-up in spending would also bode well for the sluggish U.S. economy.

According to the survey, seven in 10 Americans - some 71.5 percent - will celebrate this year, up from 68.6 percent last year, and the most in the survey's ten-year history.

The average person will fork out about $79.82 on decorations, costumes, and candy, up from $72.31 last year.

Warren Buffett reports 17% stake in Media General

Media General, Inc. provides news, information, and entertainment across broadcast television, digital media, and mobile platforms serving consumers and advertisers primarily in the southeastern United States. Its broadcast operations include 18 network-affiliated television stations and their associated digital and mobile media services. The company’s network affiliations include eight NBC stations, eight CBS, one ABC, and one CW. It also operates a broadcast television station, known as WFLA-TV, in Tampa, Florida. Media General, Inc. was founded in 1850 and is headquartered in Richmond, Virginia.

MEG.nyse

For many companies selling five million units of a new product the first weekend would be a blowout that could rally stock shares to new highs.

But not for Apple.

The stock hit a record high Friday on expectations it would sell 8 to 10 million new iPhone 5 devices over the weekend. 

Apple Inc announced this morning that the company sold more than 5 million iPhone 5 units over the three days since the product was released. The phone was available to customers in the U.S. and eight other countries on its first weekend and will be available in 22 more countries by the end of this week. The iPhone 5 will be sold in more than 100 countries by the end of the year.

Apple also reported that 100 million iPhone owners who did not buy a new iPhone 5 have already upgraded to the new iOS 6 mobile operating system.

The huge first weekend sales figure eclipses the 4 million iPhone 4S sales following the product’s announcement last year. An estimate from an analyst at Piper Jaffray for 10 million iPhone 5 sales by the end of September certainly looks to be within reach.