Casey Anthony Not Guilty of Murder

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There are people in this world that can’t have children for one reason or another. Then there are people who have children who abuse them and even
kill them just because they feel they can. This is what happened to two year old Caylee in June 2008 in Florida. Casey Anthony lied and told authorities that the nanny kidnapped Caylee. Casey misleads authorities her parents got a tattoo that said “beautiful life” and partying while her daughter was missing. This so called mother seemed to not have a care in the world from her actions. Six months later when Caylee’s body was found in the woods near the Anthony family home, Casey was caught in a lie. Why
did Casey lie for six months saying the nanny kidnapped her daughter and kept on lying if she didn’t kill her daughter? I am not surprised by the
juries decision their always finding people with no evidence what so ever guilty and people with evidence like a video tape not guilty. That is just the way our justice system is and will continue to be as long as we have lawyers who distort the facts so that juries have no way of knowing the truth from a lie. Casey Anthony is a sick b---- if she didn’t do it why did she have to lie and deceive if she was innocent? What really pissed me off was that smile when she was not found guilty that was a smile that said I got away with it. Casey knows what she did or knows what happened to her daughter and God knows what happened. Casey Anthony your judgment day is coming…

LM

http://news.yahoo.com/jury-resumes-deliberations-casey-anthony-murder-trial-141824663.html

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This Week – Potential Fireworks from the ECB, Jobs and the Debt Ceiling

The week ahead has little in the form of corporate news to offer us, but holds the blockbuster monthly employment report and a scattering of other economic data points. The week also offers pressure building meetings at the White House, as Senate Democrats meet with the president and his economic team to discuss debt ceiling strategy. Overseas, the ECB is set to potentially hike interest rates by a quarter-point, but we’re not so sure Mr. Trichet will follow through on his threat just yet. Thus, despite the shortened week, there’s all the same potential for stock market fireworks.

Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

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This Week – Potential Fireworks from the ECB, Jobs and the Debt Ceiling

Monday

Markets were closed in the U.S. on Monday due to the Independence Day holiday. However, in Japan, Lenovo (OTC: LNVGY.PK) and NEC held a meeting to discuss their PC joint venture.

Tuesday

The short week’s economic schedule started with Tuesday’s Factory Orders report for the month of May. Factory Orders rose by 0.8% in May, which was a nice turnaround after April’s 0.9% decrease. However, economists surveyed by Bloomberg expected more, with the consensus estimate set for a 1.0% gain.

IMF Chief Christine Lagarde begins her service today, while Dominique Strauss-Kahn is reportedly free to travel within the United States following some questionable information about the character of his accuser. Germany’s high court held a public hearing on the Greek bailout and the EU/IMF rescue package.

Moody’s (NYSE: MCO) downgraded the debt of Portugal and Standard & Poor’s threatened to call a Greek default on the creative banking plans being tossed around by the Europeans. The U.S. Senate might vote to authorize U.S. participation in Libya for up to a year this week.

The corporate wire had Western Union (NYSE: WU) holding a conference call for its acquisition of Travelex Global Business Payments. Energy Transfer Equity (NYSE: ETE) altered its offer for Southern Union (NYSE: SUG). OM Group (NYSE: OMG) had a conference call to discuss its purchase of Vacuumschmelze. The earnings schedule highlighted news from Castle Brands (AMEX: ROX).

Wednesday

Wednesday starts the monthly employment data parade with news on announced job-cuts and private payrolls. ADP’s survey of private nonfarm payrolls precedes the federal government’s labor report due Friday. ADP’s data is an estimate itself, so there is no economists’ consensus for the data point. However, economists surveyed by Bloomberg are looking for private nonfarm payrolls to have risen by 125K in June, which would compare against May’s increase of 83K.

Challenger Gray & Christmas offers its report on Announced Corporate Layoffs in the premarket Wednesday. Last month, Challenger’s data showed announced job-cuts at a moderate 37,135, versus 36,490 in April.

Two more reports come due before the bell rings Wednesday, including the regular data on mortgages and same-store sales. The Mortgage Bankers Association (MBA) reports on weekly mortgage activity. Last week’s data showed that during the week ending June 24, mortgage activity fell by 2.7% despite moderation in contracted mortgage rates.

The International Council of Shopping Centers (ICSC) and Redbook report on Chain Store Sales weekly. Last week’s reports covering the period ending June 25 varied a bit. The ICSC reported that sales increased 2.9% on a week-to-week basis and 3.0% on a year-over-year comparison. Redbook showed a 2.5% year-over-year change. There’s no estimate for this week’s data.

At 10:00 AM, the Institute for Supply Management (ISM) will produce its Non-Manufacturing Index for the month of June. Economists see the index at 54.0, down from the May reading of 54.6. The 50 mark separates economic expansion from contraction.

In DC, President Obama has a Twitter town hall planned, and he’ll be talking about jobs and the economy. Senate Democrats are supposed to meet with the president and vice president to discuss debt ceiling negotiation strategy. The FDIC is holding a meeting to consider how it will wield its new powers to liquidate large failing financials. The EPA will likely issue a ruling with regard to limiting interstate toxic emissions from power plants.

On the corporate wire, look for analyst and shareholder meetings at Mitel Networks (Nasdaq: MITL), Fuji Heavy Industries (OTC: FUJHF.PK) and Visa (NYSE: V). The earnings schedule has news from A. Schulman (Nasdaq: SHLM), AAR Corp. (NYSE: AIR), Birks & Mayors (AMEX: BMJ), Ocz Technology Group (Nasdaq: OCZ) and Unify (Nasdaq: UNFY).

Thursday

The European Central Bank (ECB) and the Bank of England are scheduled to announce monetary policy on Thursday. The ECB is expected to raise interest rates for the eurozone by a quarter of a point, to 1.5%. The BOE is seen holding rates steady this month and maybe through year end.

Individual retailers will be reporting their Chain Stores Sales for the month of June Thursday and over the near-term generally. You won’t get any from Wal-Mart (NYSE: WMT), which composes a huge portion of America’s retail sales, but look for news from Target (NYSE: TGT), Costco (Nasdaq: COST), Macy’s (NYSE: M), J.C. Penney (NYSE: JCP) and all the rest.

Two more employment data points reach wire on Thursday. Look for the Weekly Initial Jobless Claims data at 8:30 AM ET. Last week’s report showed claims at 428K, just a thousand off the week before count. The consensus estimate here is generally useless, as it usually just reflects the latest result.

Monster World Wide (NYSE: MWW) will offer its latest Monster Employment Index in the premarket Thursday. This June reporting follows May’s decrease against April, though the index marked a 7% increase over May of 2010 while reaching a mark of 143.

The Bloomberg Consumer Comfort Index, a weekly take of the consumer mood, is due for release at 9:45 AM ET. Last week’s report showed a slight improvement in sentiment, as the index reached negative 43.9.

The EIA will report on both Oil and Natural Gas Inventory this Thursday, due to the holiday. Catch the Natural Gas Report at 10:30 AM ET. Last week’s data covering the period ending June 24 showed natural gas inventory increased by 78 Bcf. However, stocks remained 243 Bcf less than last year at this time and 63 Bcf below the five-year average for this time of year.

The EIA’s Oil Inventory data is due for release at 11:00 AM ET. Last week’s data covering the period ending June 24 showed crude oil inventory fell by 4.4 million barrels, but remained above the upper limit of the average range for this time of year. Total motor gasoline stocks fell by 1.4 million barrels, and were in the middle of the average range for this time of year.

Senate Democrats meet with President Obama’s economic team Thursday to discuss the debt ceiling catastrophe in waiting. The CFTC works on some of the Dodd-Frank rules regarding agricultural commodities, swap reporting and manipulation protections. Kansas City Fed President Thomas Hoenig addresses a group at lunch.

The corporate wire highlights a meeting at EMC (NYSE: EMC) and the NYSE Euronext (NYSE: NYX) shareholder vote on the proposed Deutsche Borse merger. The EPS schedule includes reports from Conmed Healthcare Management (Nasdaq: CONM), Helen of Troy (Nasdaq: HELE), Hi Tech Pharmacal (Nasdaq: HITK), International Speedway (Nasdaq: ISCA), Kayne Anderson Energy Development (NYSE: KED), Penford (Nasdaq: PENX), Rocky Mountain Chocolate Factory (Nasdaq: RMCF), Semileds (Nasdaq: LEDS), WD 40 (Nasdaq: WDFC) and Zep (NYSE: ZEP).

Friday

The Employment Situation Report for June will be front and center on Friday morning. Economists are looking for the unemployment rate to remain at 9.1%, based on Bloomberg’s survey. Nonfarm Payrolls are seen at 110K, up from May’s depressed 54K increase. Average hourly earnings are seen increasing by 0.2%, against May’s 0.3% rise. The average workweek is seen stuck at 34.4 hours.

Wholesale Trade data is due for 10:00 AM ET release. Economists see May’s inventories rising by 0.7%, versus April’s 0.8% increase. The question is whether sales are running at a healthy pace, and we’ll get that data as well.

At 3:00 PM ET, look for the latest Consumer Credit report, this time for May. Economists are looking for a credit expansion of just $4.0 billion, against the April increase of $6.3 billion.

The corporate wire highlights EPS news from PriceSmart (Nasdaq: PSMT) and Greenbrier Cos. (NYSE: GBX).

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Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

Housing Turnaround has Begun

Over the last few months, I’ve been talking about the imminence of housing growth to a mostly unreceptive audience. Last week, though, one particular data-point reached the wire that is definitely supportive of my argument. The Pending Home Sales Index, which measures contract signings and is therefore an early indicator of activity, marked a level significantly above the prior year result. That year-to-year comparison is what we’ve been looking for in order to mark the bottom on housing. However, we also received news last week indicating that home prices may have reached bottom this spring as well. It may yet be too early for some to accept the housing turn around, but I’ll go ahead and declare it anyway!

Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

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Housing Turnaround has Begun

The Pending Home Sales Index rose 8.2% above its April mark, to 88.8 in May. But April was weather hampered and had fallen sharply off from March. Therefore, it was not surprising to see significant sequential month growth in May. What impressed industry watchers, but not the well-informed readers of Wall Street Greek, was that May’s index was 13.4% higher than May of 2010. That year-to-year difference was remarkable, and you could have bet we would remark about it here considering the beating we’ve been taking on our positive real estate market view of late.

May’s positive year-to-year change marked the first such result since April of 2010, when activity benefited greatly from the government tax break for first time buyers. This time around, given no such synthetic catalyst, we’ve got something truly impressive, perhaps even the start of true growth. However, it is notable that last year’s period suffered a bit due to the pull forward effect of that same tax break. May, June and maybe even July’s Pending Home Sales Indices were likely affected as prospective first-time buyers and some others that had been given incentive to enter the market pushed forward their actions a month or more to take advantage of the $8K tax break. Also, housing naysayers would be right to remind us that absolute levels of activity remain extremely low despite the improvement. Yet, we cannot deny that growth is occurring now, and across the nation as well.

The Northeast reported a 4.4% year-over-year improvement in its regional index. The Midwest saw a 17.2% improvement against the prior year. The South was 14.6% higher than a year ago, and the West reported a 13.5% better figure this year. That’s widespread. Markets like Houston, Hartford CT, Minneapolis, Seattle and Indianapolis saw contract signings roughly 30% higher than a year ago.

Contract signings precede closings by 30 to 60 days, so we should soon see at least Existing Home Sales pick up steam in the months ahead. New Home Sales could of course take a bit more time, especially given the number of distressed properties still remaining on the market. However, the real estate pricing data reported last week by Standard & Poor’s Case Shiller, and the week before by the FHFA, seem to show that the trend should now be for inventory drawdown, stabilizing to rising pricing and modest home sales growth. This inevitably will drive new home sales growth as well, and companies like Toll Brothers (NYSE: TOL), D.R. Horton (NYSE: DHI), Hovnanian (NYSE: HOV) and K.B. Homes (NYSE: KBH) should start to reflect that future in their near-term stock movement.

I therefore declare: real estate has bottomed!

This declaration is of course contingent upon there being no new catastrophic economic event, including the non-passage of debt ceiling legislation, downgrading of American credit worthiness, significant rising of interest rates and dropping of stock market valuation. So, get your act together Congress, and don’t push this issue to the midnight hour.



Editor's Note: Article should interest investors in Investors Title (Nasdaq: ITIC), Bank of America (NYSE: BAC), Freddie Mac (OTC: FMCC.OB), Fannie Mae (OTC: FNMA.OB), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), Wells Fargo (NYSE: WFC), Toronto Dominion (NYSE: TD), UltraShort Real Estate ProShares (NYSE: SRS), Ultra Real Estate ProShares (NYSE: URE), ING Clarion Global Real Estate Income Fund (NYSE: IGR), Xinyuan Real Estate Co. (NYSE: XIN), Rydex Real Estate Fund H (Nasdaq: RYHRX), T. Rowe Price Real Estate Fund (Nasdaq: TRREX), Toll Brothers (NYSE: TOL), Hovnanian (NYSE: HOV), D.R. Horton (NYSE: DHI), Beazer Homes (NYSE: BZH), Lennar (NYSE: LEN), K.B. Homes (NYSE: KBH), Pulte Homes (NYSE: PHM), NVR Inc. (NYSE: NVR), Gafisa SA (NYSE: GFA), MDC Holdings (NYSE: MDC), Ryland Group (NYSE: RYL), Meritage Homes (NYSE: MTH), Brookfield Homes (NYSE: BHS), Standard Pacific (NYSE: SPF), M/I Homes (NYSE: MHO), Orleans Homebuilders (AMEX: OHB), Vanguard REIT Index ETF (NYSE: VNQ), PNC Bank (NYSE: PNC), J.P. Morgan Chase (NYSE: JPM), Hooker Furniture (Nasdaq: HOFT), Ethan Allen (NYSE: ETH), Pier 1 Imports (NYSE: PIR), Williams Sonoma (NYSE: WSM), Home Depot (NYSE: HD), Lowes (NYSE: LOW), Nasdaq: XNFZX, Nasdaq: FSAZX, Avatar Holdings (Nasdaq: AVTR), Apartment Investment & Management (NYSE: AIV), Equity Residential (NYSE: EQR), Avalonbay Communities (NYSE: AVB), UDR Inc. (NYSE: UDR), Essex Property Trust (NYSE: ESS), Camden Property Trust (NYSE: CPT), Senior Housing Properties (NYSE: SNH), BRE Properties (NYSE: BRE), Home Properties (NYSE: HME), Mid-America Apartment (NYSE: MAA), Equity Lifestyle Properties (NYSE: ELS), American Campus Communities (NYSE: ACC), Colonial Properties (NYSE: CLP), American Capital Agency (Nasdaq: AGNC), Sun Communities (NYSE: SUI), Associated Estates (NYSE: AEC), PennyMac Mortgage (NYSE: PMT), Two Harbors (AMEX: TWO), Simon Property Group (NYSE: SPG).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.