Miercoles 24/08/11, Ordenes de bienes duraderos, indice casa

[admin]

El oro cierra 5.6% a la baja, pierde $104 a 1,757.30 la onza. El oro cayo $143 el 22 de Enero en 1980.

El alza del stock market y las dudas acerca de si el Fed dara algunas seniales de otro estimulo fueron las razones por las que el oro colapso.

Gold's Run-Up Hits Wall as Futures Plunge Below $1,800
By TATYANA SHUMSKY

Gold plunged below $1,800, in a dramatic reversal from a record-setting run that bred complacency about the yellow metal's risks.

Gold futures ended the regular session down by $104, or 5.6%, at $1,757.30 an ounce for the most-active contract. The thinly traded front-month contract dropped by the same magnitude to settle at $1,754.10. Wednesday's decline was the second-biggest on record by dollars, after a drop of $143 on Jan. 22, 1980, the day after gold hit its inflation-adjusted record of $2,397.15.

A rising stock market and sudden doubts about whether the Federal Reserve would signal any fresh stimulus measures on Friday were the principal drivers behind Wednesday's selloff, analysts noted.

Gold tumbled $104 an ounce or 5.6% to close below $1,800, as the market's rapid ascent appeared to reverse itself just as quickly. Tatyana Shumsky has details on The News Hub.
.As gold's losses accelerated throughout the day, many investors conceded that it was simply the sentiment that the yellow metal had hit a peak, at least in the short term, that pervaded the market. Some had piled into gold over the past two weeks as it notched five consecutive records that culminated in Monday's close of $1,891.90 an ounce on the Comex division of the New York Mercantile Exchange.

"Obviously somebody bought gold close to $1,900 an ounce and they're probably experiencing some buyers' remorse today," said Mark Luschini, chief investment officer at Janney Montgomery Scott, a financial advisory firm that manages $54 billion in client funds.

The world's largest physical-gold exchange-traded fund, SPDR Gold Shares, known by its ticker symbol GLD, appeared to lag behind gold futures' declines Wednesday. But GLD notched steeper losses Tuesday, locking in a 3.8% decline compared with 1.6% seen in the Comex gold futures trading pit because the ETF keeps trading after floor trading ends.

As gold's losses mounted, the GLD saw outflows of 24.84 metric tons of gold by the close of trading Tuesday. This was the largest redemption since Jan. 25, when 31.26 metric tons were sold.

Andrew Strasman, a principal at commodity trading firm Gladius Asset Management in Chicago, said he sold the rest of his bets on rising gold prices Wednesday after reducing his position once already earlier this week.

Mr. Strasman, who uses technical analysis to place bets across commodity markets, said there were increasing signs that the gold trade was becoming "long in the tooth" and susceptible to a move lower.

In recent days, volume has grown, as had the daily trading ranges, which are a "poor man's way to look at volatility," he said, adding that he had concluded that the risk-versus-reward calculation showed that holding on to a long position in gold was no longer in his favor.

WSJ's Liam Denning and 'Mean Street' host Evan Newmark discuss the sudden drop in the price of gold, and why it might be wise to invest in oil producers instead of oil itself. AP Photo/Petr David Josek
."It may not be done, but for me it's done for now," said Strasman, whose firm has $5 million under management. He says the firm has placed bullish bets on gold on-and-off for the past two years. The most recent one was put in place in early July.

Voices calling for a demise to gold's bull run have been drowned out amid the metal's continued surge in the role of a "safe haven" from a variety of factors, ranging from doubts about Europe's ability to manage its sovereign debt to worries that China's economic growth will hit a wall.

Just earlier this week, some analysts were calling for gold to breach the $2,000 mark. In hindsight, such calls were overly optimistic.

"Given the upside we've seen in such a short period of time I'm not surprised to see today's move," said Matt Zeman, head of trading at Kingsview Financial.

"As soon as the market starts to pause it gives people the cue to take profits and take some money off the table," he added. Gold's steep declines and high volumes are an indication that "some larger players" are likely paring their holdings.

But not all investors shed their gold holdings ahead of Wednesday's plunge. The rising likelihood of a recession in the U.S., along with global sovereign debt problems, highlighted by Moody's downgrade of Japan's government credit rating earlier Wednesday, gave pause to John Workman, chief investment strategist at Convergent Wealth Advisors, which has around $15 billion under management.

"We didn't feel a tremendous urgency to have to do something right now," he said.

Mr. Workman said many of his clients subscribe to the 3% target allocation to gold, but some still treat gold as "a taboo asset that they fear and don't want in their portfolios."

Mr. Luschini says he still recommends that his clients remain in gold, although more as a hedge to other assets in a portfolio rather than for capital appreciation.

For some market participants, gold's dramatic run-up and steep losses are reminiscent of silver's 27% declines notched in early May. At the time, Comex owner CME Group Inc. raised trading deposit requirements, known as margins, by a total 84% over 13 trading days forcing undercapitalized traders to sell their holdings.

The similarity was reinforced Tuesday, when the Shanghai Gold Exchange raised its trading deposit requirements margin requirements to 12%, from 11%, sparking worries that CME Group would follow with a similar move.

"The thing that broke silver's back was CME raising margins and what you saw happen in Shanghai Tuesday [triggered] fears that CME margin requirements will be raised," said Nelson Saiers, chief investment officer at Alphabet Management LLC, which held around 2.2 million shares of GLD as at June 30.

Mr. Saiers wouldn't comment on the fund's recent trading activity, but said he wasn't as bullish on gold as some of his peers in recent weeks.

Gold prices reinforced their inverse relationship to benchmark U.S. stock indexes with gold's declines coming as stocks largely resumed their upward march.admin
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Candidatos republicanos a la presidencia


Perry es el que lidera la lista de los candidatos republicanos a la presidencia, a una sola semana despues de haber anunciado su candidatura.

A mi me parece que es el mejor de lejos, es todo lo opuesto de Obama, tiene toda la experiencia que Obama no tiene, durante 10 anios ha gobernado el estado de Texas el cual es el mas grande del pais, despues de California y New York, mucho mas grande que varios paises en Europa. Perry ha gobernado bien, ha creado el 50% de todos los empleos creados en el pais despues de la crisis, ese estado atrae gente y negocios como si fuera un iman por sus politicas amigables, poca regulacion y bajos impuestos. Su receta funciona y si Perry puede hacer lo mismo por el pais, US se va para arriba nuevamente. Esto esta realmente emocionante.

Solo hay un candidato que podria hacerle la pelea y es el gobernador de NJ Christie, quien ya aseguro que no quiere lanzar su candidatura.

Veremos.
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Han habido 4 replicas del temblor en Virgina-NY (leves)

Yo no he sentido nada

[admin]

TECHNOLOGYAUGUST 24, 2011, 7:17 P.M. ET
Steve Jobs Resigns as Apple CEO
By YUKARI IWATANI KANE

Apple Inc.'s ailing chief executive Steve Jobs is officially stepping down from the helm of the company, an historic shift that hands the reins to chief operating officer Tim Cook.

The company said Mr. Jobs submitted his resignation to the board of directors on Wednesday and "strongly recommended" that the board name Mr. Cook as his successor. Mr. Jobs has been elected chairman of the board and Mr. Cook will join the board, effective immediately, the company said.

"The Board has complete confidence that Tim is the right person to be our next CEO," said Art Levinson, chairman of Genentech and Apple board member, in a statement. He added that Mr. Jobs will "continue to serve Apple with his unique insights, creativity and inspiration."

More

Steve Jobs's Best Quotes
Personal Media Pioneer: Steve Jobs
Apple Has Deep Bench
Photos: Steve Jobs Through the Years
Photos: Steve Jobs Through the Years

View Slideshow

Justin Sullivan/Getty Images
Timeline: Steve Jobs and Apple

View Interactive

More photos and interactive graphics
Mr. Cook, 50, has been widely considered as the leading candidate to succeed Mr. Jobs, who has been on medical leave since January. The 13-year Apple veteran, who joined the company shortly after Mr. Jobs took over the company for the second time in 1997, has been running the day to day operations during this period as he has done during two prior medical leaves of absence by Mr. Jobs in the last seven years.

"I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know," Mr. Jobs said in his resignation letter. "Unfortunately, that day has come."

The timing of the announcement, however, was a surprise and raised questions about the health of Mr. Jobs, who was diagnosed with a rare form of pancreatic cancer in 2004 and underwent a liver transplant two years ago. Mr. Jobs has not commented on his health since he said in a letter in January that he was taking another leave of absence to "focus on my health". He made an appearance at the launch of the iPad 2 in March and Apple's annual developers' conference in June but appeared thin both times.

People familiar with the situation have said that Mr. Jobs continues to be active at Apple and is closely involved in the company's product strategy. Apple watchers don't expect that to change even after Mr. Cook takes over.

Steve Jobs: Personal Media Pioneer

View Interactive

Still, Mr. Cook faces a big challenge in stepping into Mr. Jobs's shoes because he must prove that Apple can succeed without Mr. Jobs. Mr. Jobs not only co-founded the company, but brought Apple back from near bankruptcy when he returned to the company in 1997. He is considered the visionary behind the company and has played a key role in reviving the Macintosh computer business and developing new products like the iPod, iPhone and iPad.

"Great companies rarely go from strength to strength," said Charles O'Reilly, a management expert, at Stanford University's Graduate School of Business, adding that Apple faces a particular challenge in that Mr. Jobs has had an unusually strong influence in setting Apple's corporate culture and strategy.

Mr. Cook, an Alabama native who previously worked for International Business Machines Corp. and Compaq Computer Corp., is known as an operational genius, who was instrumental in wringing out inefficiencies in Apple's manufacturing and setting up its supply chain in China. Since then he has gradually increased his responsibilities, becoming chief operating officer in 2005. He has also ably led the company during Mr. Jobs's absences in the past.

But people who know him don't consider him to be a visionary. Unlike Mr. Jobs, who is a legendary showman, Mr. Cook has also tended to stay outside of the spotlight apart from quarterly earnings calls with analysts.

"I believe Apple's brightest and most innovative days are ahead of it," Mr. Jobs wrote. "And I look forward to watching and contributing to its success in a new role.

"I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you," he added.

[admin]

AAPL -5.32%

[Ed_Alex]

AAPL -5.32%

hace algunos años tambien dijo lo mismo pero regresó..... ahora pasará lo mismo?

[admin]

Nunca renuncio, salio dos veces con licencia para curarse, pero esta vez no es asi. Lo bueno es que seguira con la compania pero ya no sera el CEO.

[admin]

U.S. Stock Futures Retreat After Jobs Resigns
Q
By Rita Nazareth and Inyoung Hwang - Aug 24, 2011 7:55 PM ET

Standard & Poor’s 500 Index futures lost 0.4 percent to 1,167.90 at 8:53 a.m. in Tokyo. Nasdaq-100 Index futures fell 1 percent. Apple shares dropped 5.3 percent to $356.33. Jobs said he’s resigning and recommended Tim Cook be named his successor. Jobs said he would like to continue as chairman.
“Apple’s certainly been preparing for this for a while as his health issue arose,” David Goerz, the San Francisco-based chief investment officer at Highmark Capital Management Inc., said in a telephone interview. The firm manages $17.2 billion and owns shares of Apple. “The market’s going to have a ‘wait- and-see attitude.’ It isn’t going to have any short-term implications. A company this size isn’t going to move a whole lot in terms of changing its product direction.”
U.S. stocks rose in regular trading, extending the biggest rally for the S&P 500 in a week, after reports on durable-goods orders and home prices beat economists’ forecasts and banks advanced.
Jobs took a medical leave of absence Jan. 17 as a rare form of cancer he’s been battling since 2004 and a more recent liver transplant worsened his health, a person with knowledge of the matter said at the time.
“I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know,” Jobs said in a statement today. “Unfortunately, that day has come.”
Rising Value
Under Jobs, Apple became the second-most valuable company in the world, after Exxon Mobil Corp. (XOM), by introducing devices that revolutionized the computer, mobile phone and digital music industries. In July, the company reported its third-quarter profit more than doubled, lifted by record sales of iPhones and iPad tablets.
Apple shares have climbed 17 percent this year, and have surged from an adjusted $5.48 on Sept. 16, 1997, the day Jobs retook the reins as head of the company.
Apple makes up 3.24 percent of the S&P 500, 9.33 percent of the Nasdaq Composite Index and 14.7 percent of the Nasdaq 100 Stock Index. The company had its weighting in the 100-stock gauge cut after it climbed about 20 percent in April. Microsoft Corp. and Cisco Systems Inc.’s shares were raised.
“It’ll be an emotional trade in the short term, which can impact returns negatively as people figure out what they think about the succession plan and how much credit they’ll give to his leadership,” Carlo Panaccione, who oversees about $350 million as the co-founder of Navigation Group in Redwood Shores, California, said in a phone interview. “It can have a negative effect on the market, especially technology stocks.”
Technology, Financial Stocks
Technology shares in the S&P 500 rose 0.8 percent during regular trading. Financial stocks gained 2.8 percent, the most within 10 industries. Bank of America Corp. surged 11 percent as Meredith Whitney, who predicted Citigroup Inc.’s dividend cut three years ago, said it has no urgent need to raise capital. Newmont Mining Corp. slumped 1.6 percent after gold futures plunged the most since 2008 as demand for havens waned on speculation financial markets may be stabilizing.
With traders awaiting a speech on Aug. 26 by Federal Reserve Chairman Ben S. Bernanke in Jackson Hole, Wyoming, trading is being affected more than usual by levels monitored by so-called technical analysts who base forecasts on price and volume history.
Losing Momentum
An earlier rally lost momentum after the S&P 500 climbed to about 1,173, its closing level after gains of 4.7 percent on Aug. 9 and 4.6 percent on Aug. 11. The index surged Aug. 23 after falling to 1,121.09 the day before, within 2 points of its 11-month closing low of 1,119.46 reached Aug. 8.
“Resistance came in pretty much where you would expect to see it followed by a predictable pullback to last night’s close,” Michael Shaoul, chairman of Marketfield Asset Management in New York, said in an e-mail. His firm oversees $1 billion. “The most likely outcome is still a retracement of the majority of yesterday’s gains in the U.S., but if the S&P 500 could move back up above 1,170-1,175 again, maybe you’d get the shorts under some pressure.”
Equities rose after the reports on goods meant to last at least three years and housing prices contrasted with data this month on jobless claims, consumer confidence and manufacturing that spurred concern the U.S. is poised for a recession. The S&P 500 lost 15 percent between April 29 and Aug. 23, with the retreat accelerating in July after a debate in Congress on how to cut the budget deficit spurred S&P to strip the government of its AAA credit rating.
‘Choppy And Sloppy’
“The market is still incredibly choppy and sloppy,” Mike Ryan, the New York-based chief investment strategist at UBS Wealth Management Americas, said in a telephone interview. His firm oversees $774 billion. “For those who are waiting for the Fed to pull a rabbit out of its hat on Friday, there’s room for disappointment.”
During last year’s conference in Jackson Hole, Bernanke signaled a second round of asset purchases, known as QE2, that buoyed asset markets. The S&P 500 rose 28 percent between Aug. 26, 2010, and Feb. 18 after he foreshadowed the $600 billion Treasury program.
Gold declined 5.6 percent to $1,757.30 an ounce on speculation financial markets may be stabilizing, eroding the appeal of the precious metal as a haven. The futures climbed to a record high of $1,917.90 the previous day.
Hiding in Gold
“Gold is where people are hiding versus the stock market, so as the stock market stabilizes or improves, you will see gold sell off,” Mark Bronzo, who helps manage $26 billion at Security Global Investors in Irvington, New York, said in an e- mail. “The markets will continue to be volatile as we head into Friday and Bernanke’s speech.”
The KBW Bank Index (BKX) of 24 stocks added 3.3 percent. Bank of America jumped 11 percent to $6.99 after plunging 53 percent this year through Aug. 23.
“I don’t think that there’s a mad dash to raise capital immediately,” Whitney, a bank analyst, said today in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. “They’re going to steadily raise capital over time.”
Richard Bove, an analyst who said last month that clients should stop buying financial stocks, recommended investors resume purchases after shares of U.S. banks tumbled.
Fallen Too Much
Bank of America, JPMorgan Chase & Co. (JPM) and Citigroup Inc. are among lenders that investors should buy because “they have fallen too much,” Bove, a Lutz, Florida-based analyst with Rochdale Securities LLC, said today in a research note. In a note to clients last month, Bove said clients should stop buying banks “since all stocks are likely to fall.”
JPMorgan gained 3 percent to $35.83, while Citigroup added 4.1 percent to $28.45.
D.R. Horton Inc. paced gains in homebuilders, rising 5.7 percent to $9.45, following the report showing an increase in home prices. Toll Brothers Inc. (TOL), the largest U.S. luxury-home builder, jumped 4.6 percent to $15.42 after reporting earnings that beat analysts’ forecasts after a tax benefit and demand for its move-up houses remained stronger than other segments of the market.

[admin]

5:23 p.m. EDT 08/24/11Treasurys
    Price Chg Yield %
2-Year Note*   -2/32 0.239
10-Year Note*   -1 9/32 2.298
* at close
8:09 p.m. EDT 08/24/11Futures
  Last Change Settle
Crude Oil 85.36 0.20 85.16
Gold 1754.7 -2.6 1757.3
E-mini Dow 11247 -21 11268
E-mini S&P 500 1168.75 -3.25 1172.00
8:18 p.m. EDT 08/24/11Currencies
  Last (bid) Prior Day †
Japanese Yen (USD/JPY) 77.11 76.99
Euro (EUR/USD) 1.4413 1.4415
† Late Wednesday in New York.

[Victor VE]

Steve Jobs renunció a Apple

LIMA - El hasta ahora consejero delegado de Apple, Steve Jobs, anunció hoy su dimisión al frente de la compañía en un comunicado.

En la declaración, Jobs indicó que querría continuar en la empresa que ha convertido en una de las más influyentes del planeta como presidente del Consejo de Administración y recomienda que Tim Cook le reemplace como consejero delegado.

"Siempre he dicho que si llegaba el día en el que no podría hacer frente a mis obligaciones al frente de Apple como consejero delegado, sería el primero en hacérselos saber", escribió Jobs en una carta dirigida a la junta directiva de la empresa y a la comunidad de Apple.

"Desafortunadamente, ese día ha llegado", añadió.

Jobs estuvo presente en la conferencia de apertura de WWDC 2011, en San Francisco. Ese acto supuso su segunda comparecencia pública desde que en enero se tomara una baja médica indefinida, motivos que aún se desconocen.

Jobs, quien superó un cáncer de páncreas en 2004 y que en 2009 fue sometido a un trasplante de hígado, ha continuado activo desde entonces en la toma de decisiones de la empresa.

Acudió a una reunión a puerta cerrada con el presidente estadounidense, Barack Obama, en febrero, y se encargó de presentar el iPad 2 en marzo.

"Creo que los días más brillantes e innovadores de Apple aún están por llegar", afirmó en la carta, añadió: "y espero seguir contemplando y contribuyendo a ese éxito desde una nueva posición".

En febrero fue fotografiado en la misma clínica donde recibió tratamiento por cáncer del páncreas el fallecido actor Patrick Swayze.

Jobs se tuvo que retirar durante varios meses a principios de 2009 para tratar lo que denominaron "desequilibrios hormonales", aunque luego se supo que se había sometido a un trasplante de hígado en abril de ese año en un hospital de Tennessee. EFE