Update 1: 3M CEO plans to sell 1/3 of his company's stock. I guess he sees the economy recovering.
Update 2: LNKD is now trading over $120. No comment necessary.
Update 3: BBC Viewpoint on future of TEPCO. Turn out the lights.
Update 4: Those are fightin' words. Speech about Syria, yada yada yada.
Update 5: Here's a shocker - LinkedIn CEO "very comfortable" with stock price. Not quite sure if words can describe what I'm feeling now.
Update 6: duh! #winning! I get it now. LNKD is pricing in Weimar Republic inflation. It all makes sense now.
By now, nearly every investor the world over knows that "the markets" (or whatever is left of them) are entirely bogus. Fundamentals no longer matter one iota, as every stock is "priced" on the condition if "Quantitative Easing" will continue or not. We would like all of our readers to consider these two points and then draw your own conclusion. The first point - Insider sales for the week ending Fry-Day the 13th amounted to $1.025 Billion. The second point - The much hyped LinkedIn (NYSE: LNKD) IPO was priced at $45, and within 2 minutes traded to $90.
With that in mind, "the markets" continue to grind higher and higher, pushing already extreme P/E ratios even further into the realm of
Speaking of workin' it, the ECB is really workin' Greece today, playing them like a
Speaking of Germany, a new study in Berlin shows that 1 in 3 students would consider sex work to pay for their education. Another "sign of the times?"
Since we're still on the subject of Europe, another
Now you probably already know why gold and silver will go "to the moon, Alice!" Let's review. There's two ways this can go and both lead to higher gold and silver. In one scenario, QE2 ends in June because of you know
Finally to the news that really matters, Fukushima. You already knew about the 2 nursing women back in April that had radioactive iodine-131 in their breast milk. Now, an MSM article from JapanToday is reporting that 7 women have radioactive substances in their milk. Five of those women were from Tokyo and two were from Fukushima/Irabaki. The "small amounts of radioactive substances" were of course cesium and iodine. Although the levels were small, it shows that indeed radiation is seeping all across Japan and since radiation is cumulative, well you connect the dots. Small amounts over long periods of time add up to large amounts. Basic math.
Also of interest is news that radiation levels at reactor 3 are rising. Why would they be rising, unless re-criticality is occurring as Arnie Gundersen reports and TEPCO denies. Basic math again comes into play.
Our daily read of Energy News results in this gem of a find - "Fukushima worker is told his internal radiation level is 30,000 cpm." Let's see - normal internal radiation levels for nuclear workers is "several hundred to 1,000 cpm." This worker has a reading of 30,000 cpm. No worries however. Japan has raised the legal limit to 500,000 cpm to ensure everyone is getting healthy doses. Welcome to the club, new members.