American Markets- Leading News -Update 3

SVM Reports

All things considered such as the Carson Block/Alfred Litte et al Short and Distort, these guys continue to out perform, so at the current low share price I will purchase more. If the price was up where it belongs at 16 dollar they could do some acquisition of low hanging fruit like Scorpion. This is the only Chinese Company I have considered worth investing in since 1987 when  I first tried to invest in Asia.

http://www.kitco.com/pr/frame/index_prec.html?http://www.silvercorpmetals.com/_resources/news/nr_2012_02_08.pdf

Buffett Says USTs big risk

His annual letter and why he is buying stocks and not bonds.

http://www.bloomberg.com/news/2012-02-09/buffett-says-bonds-are-among-most-dangerous-assets-on-low-rates-inflation.html

Mortgage -Gate- Corrupt Kamala Harrris Helps Barry Sotero/JPM/Goldman/WellsFargo with Get out of Jail for Free Card. Greasy Holder to announce, ‘no harm, no foul’ in EPIC mortgage gate Bankster fraud settlement. 

Here you have a trillion dollar fraud perpetrated by Wall Street and the Banksters  and the Politician settle for 25 billion and a we won’t do it again. Kamala Harris another ‘sister’ who got ahead not on talent but grease. Unbelievable. Here you see the Criminal Lawyers/Pols working with the criminal banksters hand in glove to thwart Justice. Throw Harris is the same jail cell as fellow Californian Mozilo of Countrywide infamy. In fact Harris, Holder and Mozillo shoul all share the same cell along with Blankfein and Diamond. Call Harris’s office let her know of your complete lack of confidence.Fire Jerry Brown, another British-Israelite, cult leader.

 

http://www.bloomberg.com/news/2012-02-08/new-york-california-said-to-be-signing-on-to-17-billion-foreclosure-deal.html

USA Weekly Jobless Claims Fall to 358k

The number of Americans filing first- time claims for unemployment insurance payments unexpectedly declined last week, indicating the labor market recovery is gaining traction.

Applications for jobless benefits decreased 15,000 in the week ended Feb. 4 to 358,000, Labor Department figures showed today. Economists forecast 370,000 claims, according to the median estimate in a Bloomberg News survey. The four-week moving average, a less-volatile measure of claims, declined to 366,250, the lowest since April 26, 2008.

The easing of dismissals is moving in tandem with a drop in the unemployment rate, which fell in January to a three-year low of 8.3 percent. Job creation also accelerated last month, showing the world’s largest economy is making headway in restoring the 8.3 million jobs lost during the 2007-2009 recession.

“The recent positive momentum over the past two months is being sustained,” said Millan Mulraine, a senior U.S. strategist at TD Securities in New York, who projected 360,000 claims. “If we stay within this range, then we should see employment growth pick up.”

Estimates for first-time claims ranged from 355,000 to 385,000 in the Bloomberg survey of 48 economists. The Labor Department initially reported the prior week’s applications at 367,000. A Labor Department official today said there was “nothing unusual” among the state-reported data.

Stock-index futures held gains after the figures. The contract on the Standard & Poor’s 500 Index expiring in March rose 0.1 percent to 1,348.5 at 8:34 a.m. in New York. The yield on the benchmark 10-year Treasury note climbed to 2.04 percent from 1.98 percent late yesterday….

http://www.bloomberg.com/news/2012-02-09/claims-for-u-s-jobless-benefits-unexpectedly-fell-last-week-to-358-000.html

California- Always leading the world in innovation

http://www.cbsnews.com/video/watch/?id=7397975n&tag=pop;videos

Groupon Surprises- Reports Loss

Shares of the Chicago-based company slumped 11 percent to $21.86 in after-hours trading following the results.

Groupon, unveiling its first results as a public company, said its fourth-quarter net loss attributable to common stockholders was $42.7 million, or 8 cents a share. That compares to a loss of $378.6 million, or $1.08 a share, a year earlier.

On an adjusted basis, Groupon reported a fourth-quarter loss of 2 cents a share. Revenue was $506.5 million, up 194 percent from the final quarter of 2010.

Groupon was expected to make 3 cents a share profit on revenue of $475 million in the fourth quarter, according to Thomson Reuters I/B/E/S.

http://www.reuters.com/article/2012/02/08/us-groupon-idUSTRE81727B20120208

CSCO Beats the Street by Firing And Moving Jobs to Asia

Cisco CSCO -0.25%  was up more than 3% immediately after the report, which won applause in particular for showing a 44% jump in profit.

The maker of networking equipment reported a fiscal second-quarter profit of $2.2 billion, or 40 cents a share, compared with a profit of $1.5 billion, or 27 cents a share, for the year-earlier period.

Revenue was $11.5 billion, up from $10.4 billion. Adjusted income was 47 cents a share.

Analysts were expecting the San Jose-based company to earn 43 cents a share, on revenue of $11.2 billion, according to an average tallied by FactSet Research.

http://www.marketwatch.com/story/cisco-shares-up-as-results-beat-street-2012-02-08?dist=afterbell

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