I’m always interested in how Government ties in with the markets. It’s been a bit of a hobby of mine, along with WWII battles, over the past 2-3 years and there’s no bigger tie then Goldman and the Government then recently…and BOY is it bigger then we know! In my recent late night surfing I came across Greg Roy. Greg recently released a special report with the same title of this blog post, Goldman Sachs’ Next Slaughter of the Stock Market Lambs, and being the digger I am, I read the full report and cold called him. I asked if I could repost a part of the report for my Trader’s Blog members. After some convincing he said ok.

This guy knows what he is talking about… Here is an exclusive excerpt from his newly released report Goldman Sachs’ Next Slaughter of the Stock Market Lambs.

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Goldman Sachs

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Coca Cola Enterprises (CCE) reported its second consecutive quarter of strong results, with earnings of 51 cents per share. Earnings were 5 cents above the Zacks Consensus Estimate of 46 cents, driven by the benefits of price and package initiatives in North America, volume and pricing growth in Europe and efficient cost control mechanisms. Net operating revenues during the quarter declined 3% year-over-year. Benefits of positive net pricing (+7.5% in North America and +4.5% in Europe) were fully offset by 10.0% volume declines in North America. Volumes in Europe grew 4.0%. Currency translations have negatively impacted the top-line by 3.0%. Overall physical case and can volume declined 6.5% while net revenue per case increased 7.5% year-over-year. In North America, revenues fell 3.9% as the benefits of pricing and packaging initiatives of 7.5% were fully offset by volume declines of 10% year-over-year. In the year-ago period, North ...

I have received a number of enquiries about the Don Coxe webcast not having been updated last week. Don does skip a week every now and then (and last week was the fourth of July holiday after all), but the good news is that it was updated on Friday, September 4.

You can access the recording from the sidebar of the Investment Postcards site by clicking on Don’s photograph.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

I have received a number of enquiries about the Don Coxe webcast not having been updated last week. Don does skip a week every now and then (and last week was the fourth of July holiday after all), but the good news is that it was updated on Thursday, August 13.

You can access the recording from the sidebar of the Investment Postcards site by clicking on Don’s photograph.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

Below are some of the key sections of the Summary of the Fed Beige Book and my reaction to it interspersed. I have also bolded what I consider to be remarks worthy of emphasis in the report. "Reports from the 12 Federal Reserve Districts suggest that economic activity continued to be weak going into the summer, but most Districts indicated that the pace of decline has moderated since the last report or that activity has begun to stabilize, albeit at a low level..." In other words, the economy is no longer falling off a cliff, but it has not started to climb back either. This is consistent with most of the other economic data we have been getting recently. "Most Districts reported sluggish retail activity...Manufacturing activity showed some improvement in the Richmond, Chicago and Kansas City Districts; while St. Louis and Dallas reported some moderation ...

Though Chechnya often gets the street cred, Ingushetia is a pretty rough place as well, and one of the most bloody war zones of the Caucasus.  Before his untimely death, the last article that lawyer Stanislav Markelov contributed to this blog was about the murder of journalist Magomed Yevloyev, and the lack of a legal opposition in Ingushetia.  Following Markelov's murder, throughout the first seven months of 2009 the situation has dramatically worsened.  On June 22nd, Ingush President Yunus-Bek Yevkurov was very nearly murdered in an assassination attempt (photo of Medvedev visiting him in the hospital).  Nameless dead bodies, supposedly of militants or government opponents, are regularly found in various hiding places.  On July 4th, nine Chechen ...

In the currency market, the dollar fell against the euro. Late Thursday, the euro was trading at $1.4036 vs. $1.3882 on Wednesday. “The correlation between risk aversion and currencies has decreased over recent weeks. We continue to expect risk aversion to play an important role in driving currencies, but it will not be as dominant a factor as it has been over the past year,” said analysts at Calyon.

“Our expectations of improved risk appetite over the coming months point to further U.S. dollar weakness,” they added in a research note.

On the economic front, it’s still looking pretty gloomy out there.

While first-time claims for state unemployment benefits fell in the latest weekly data (after seasonal adjustment) continuing claims hit a record high, the Labor Department reported yesterday.

The number of initial claims in the week ending July 4th fell 52,000 to 565,000 – the lowest level since January. But this

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I have received a number of enquiries about the Don Coxe webcast not having been updated last week. Don does skip a week every now and then (and last week was the fourth of July holiday after all), but the good news is that it was updated today, July 10.

You can access the recording from the sidebar of the Investment Postcards site by clicking on Don’s photograph.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

From the first paragraph of my Saturday commentary…”I don’t know what it is about that [one hour and change] stretch of time between the Sydney close and the London open…but if there is going to be a down day…it starts right there a large percentage of the time.” Any questions? Actually, both gold and silver got sold off the moment that the New York bullion banks opened for business 6:00 p.m. on Sunday night…which is very early Monday morning in Far East trading. Shortly before 3:00 p.m. in Hong Kong, gold had almost made it back to unchanged…and silver was actually up a couple of cents when the hammer fell. The bottom for gold came very shortly after the London a.m. gold fix at 5:30 New York time…and in silver, shortly after the Comex open. The ‘rally’ in the US dollar that started at the same time as the precious

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Bias to sell dollars again…  More supply to choke down…  More thoughts on China…  RBA leaves rates unchanged… And Now… Today’s Pfennig! Good day… And a Terrific Tuesday to you! A beautiful day and night here in St. Louis yesterday, where was that during the 4th of July weekend? Oh well, at least I got to enjoy a couple of hours of it, outside! There’s more Treasury supply for the markets to choke down, and the whispering campaign regarding China is growing louder… Those things and more, in this edition of A Pfennig For Your Thoughts, Tuesday, July 7, 2009… And here’s our host…

Hello! Everyone! How nice it is to be with you again today! We’ll start out with a recap of yesterday… When I signed off the airwaves yesterday morning, the dollar was having its way with the currencies, and the euro was about to give up the 1.39 handle… Apparently, 1.39

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