Toby's Take - The Three Amigos Insure New Market Highs By Year End
Sometimes a picture says…well a hundred words.
Let’s look at the magic 50-day and 200-day moving averages of the S&P 500
Since the capitulation bottom in early March 2009 the market overall market as measured by the S&P 500 has worked to reclaim the pre-crash valuation…and had a couple of scary sell-offs.
Both times the “scary sell-offs” were related to the European financial disaster…and both time the US Federal Reserve rode to the rescue at their Jackson Hole Wyoming conclave for the economic and financial glitterati.
According to a Bloomberg News story, the bond market is already pricing in that the Fed will announce new bond purchases of $500 billion to $600 billion.
With 1.5%ish inflation and 8%ish unemployment rates…not to mention a presidential election in less than 100 days…I’d go with the “smart money” at the Fed and expect NO disappointments from Jackson Hole…
This help from the Fed and the 200-300 basis point underperformance from the “performance based” $1.5 trillion under management in hedge fund land sets up three-peat of late Summer rallies into year end.
Look for a market exceeding the 2007 highs as the three amigos…Europe, ECB and the Fed…combine to make the “risk on” trade a winner into 2013.
And now for our top stories of the week…
Come Meet the New IceWEB CEO Rob Howe Aug. 23 At Noon In The Upcoming Webinar |
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IceWeb has found a new CEO to take over since the passing of former CEO John R. Signorello. Since then the new CEO Rob Howe has been putting together his vision for IceWeb's future. On August 23rd you can listen in on an webinar where Mr. Howe will share his plans and talk about how things are going. |
Rory IS the Next Big Thing in Golf—And Everything Tiger is Not! |
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Golf fans love to watch the wee lad make a very difficult game look easy…but the Rory Story is much more than his golf talent. We at NBT are always on the look-out for the “Next Big Things”—this time it’s a wonderful young man who brings to golf and the world a person we can ALL find greatness in. |
Apple TV Plan Is Already Here….Cut The Cable Chord! |
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CEO Tim Cook is clearly looking to make Apple TV the destination for premium content without a cable subscription, even if that means opening the door to more competition for Apple's iTunes. In the big picture, iTunes HAS to become iContent. |
Mimvi Acquires Lone Wolf, Inc. and Announces New Service in October |
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Back in May, I talked with Eric Rice, CEO of Lone Wolf, Inc. I made mention that Mimvi's deal with Lone Wolf is a very big deal. Well, now that deal is coming more into fruition. Just recently, Mimvi has announced a definitive agreement to acquire Lone Wolf, Inc. |
This Week in the Cloud…
Are You Betting the Company Ignoring the Cloud? |
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Don't look now, but if you have a successful business, there IS a deadly competitor taking dead aim at your value proposition with a better/faster/easier version from the cloud. |
Investor Presentation Deck of the Week
GlyEco, Inc. |
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GlyEco, Inc. is a green chemistry company which transforms used glycols, a hazardous waste, into profitable green products. The Company's patent-pending technology recycles polluted glycols to a purity level equal to refinery produced material. This unique process cleans all five types of polluted glycols: HVAC, Textiles, Automotive, Airline and Medical. World-wide consumption for refinery produced ethylene glycol is over 5 Billion gallons per year. |
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Quick Survey of the Week
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Now that Romney has announced Ryan as his running mate. Do you think that Ryan will help or hurt the Romney Ticket? |
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LAST WEEK'S SURVEY RESULTS Does NBC deserve the rap they are getting for delaying broadcast of events to prime time?
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