Comment by Phil

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Phil
September 23rd, 2013 at 11:05 am

God bless CNBC – So unashamedly wrong:  

• Netflix stock for real, no 'House of Cards': Proat CNBC(Mon 10:10AM EDT)

Other news of note:

Yellen Would Bring Tougher Tone to Fed. Some Say Potential Chairwoman's Leadership Style Would Contrast With Bernanke's. Janet Yellen, the lead candidate to succeed Federal Reserve Chairman Ben Bernanke, brings a demanding and harder-driving leadership style to the central bank, in contrast to Mr. Bernanke's low-key and often understated approach. Ms. Yellen, the Fed vice chairwoman, is highly regarded by many central bank staff members, who call her an effective leader with a sharp mind. But she has clashed with others and left some hard feelings in the wake of those confrontations, according to interviews with more than a dozen current and former staff members and officials who worked with her directly in recent years.

If The Economy And The Market Were Still Connected...

History’s Guide: Don’t Take Your Investing Cues From the Fed (Motley Fool)

Historical Dow Jones Industrial Average Components

Lehman Brothers Anniversary & Economic Recovery via Colbert


 

Video – Dalio: How The Economic Machine Works


Our Chat With Jeremy Grantham (WSJ)

Euro Near 7-Month Merkel Election Win, Aussie Gains on China PMI. The euro was 0.3 percent from a seven-month high against the dollar after Angela Merkel won an overwhelming endorsement from German voters, putting her on course for the biggest election tally since Helmut Kohl’s post-reunification victory of 1990. 

Eurozone tensions bubble as Merkel storms to victory. Eurozone tensions are simmering as the bloc faces four more years of tough austerity under the leadership of conservative Chancellor Angela Merkel.

Bears Retreating as European Shorts Drop $80 Billion to 2006 Low.

JIM ROGERS: 'The Wolf Is Now At The Door In India'.

Asia Stocks Rise After China Manufacturing Tops Estimates.

BUT:  Copper Leads Industrial Metals Lower After Chinese Imports Fall. 

China's Ghost Cities… Are Multiplying. 

Gold Extends Biggest Decline in a Week on Outlook for Fed Taper. Gold extended the biggest drop in more than a week as investors weighed the outlook for stimulus in the U.S. after a Federal Reserve policy maker said a “small taper” may occur next month. Markets in China reopened today after a two-day holiday. Bullion for immediate delivery dropped as much as 0.9 percent to $1,313.69 an ounce and traded at $1,320.33 at 9:56 a.m. in Singapore after climbing as much as 0.5 percent. Prices slumped 3 percent to $1,326.05 on Sept. 20, the most since Sept. 12.Gold for December delivery lost 0.9 percent to $1,320 on the Comex in New York.

Don't Bet the House on Homebuilder Shares. KB Home(KBH), Lennar(LEN) Seen Posting Upbeat Earnings, but the Stocks Look Pricey.

GM(GM) planning 200-mile battery car. General Motors plans to more than double the range of the typical electric vehicle—while also sharply driving down the cost, according to a senior official. ?

Apple’s iOS 7 includes a surprise: a ticket to the next generation of the internet (Quartz)

Pandora Fans Flocking to Apple’s iTunes Radio (Yahoo Finance)

Obama Repeats Vow Not To Make Deals On Debt Limit. President Barack Obama on Saturday insisted that he won’t negotiate with House Republicans over the debt ceiling, accusing them of threatening to plunge the U.S. into default and back into recession by tying the debt limit to their effort to defund his health-care law.

40 Maps That Will Help You Make Sense of the World (Twisted Sifter)