The Globe and Mail profiles TrimTabs Investment Research Director of Macroeconomics Madeline Schnapp’s original research on US job growth in story, Markets Eagerly Await Job Creation.
"...(O)ne forecasting firm is sticking its neck out and claiming the consensus is way too optimistic. TrimTabs Investment Research projects that the economy added only 124,000 jobs in May, up slightly from the 116,000 created in April. TrimTabs isn't making a wild guess at the number. The research service bases its estimate on an analysis of the daily income tax deposits made to the U.S. Treasury from all salaried U.S. employees, figures that it says are historically more accurate than the initial job estimates made by the Bureau of Labour Statistics.
“Wall Street cheerleaders are ignoring the fact that high unemployment, a depressed housing market, deleveraging consumers, elevated fuel prices, and fallout from the worsening sovereign debt crisis in Europe are keeping the economy mired in slow-growth mode,” said Madeline Schnapp, director of macroeconomic research at TrimTabs, in a commentary accompanying the firm's estimate." Click here for full story
Harry S. Dent interviewed on CNBC by Rick Santelli for Global Market Report discusses question, Can Europe Implement Austerity Without Pain? Dent says that if Spain goes back for second round, Europe's done. Says history and demographics show need for no pain no gain -- stimulus has been putting off eventual recovery. Must go through debt restructuring to get from winter to spring.
The Wall Street Journal: Ahead of the Tape column, The Smart Way to Follow Dumb Money, features TrimTabs Investment Research Analyst Leon Mirochnik.
"The one thing you can say about mutual-fund investors is that they're horrible market-timers," says Leon Mirochnik of TrimTabs Investment Research, which uses investment fund inflows and other data to make investment recommendations.
Economist/ Author Harry Dent issues a sobering forecast on the path of the markets on Fox Business News with Neil Cavuto.
Green Mountain plunges in Christmas for shorts
Reuters story about plunging Green Mountain coffee stock quotes John Del Vecchio, co-manager of AdvisorShares Active Bear ETF (HDGE.P).
"Last night, I was like a kid on the night before Christmas at the Christmas tree, while I was waiting for their (earnings) release," said John Del Vecchio, portfolio manager of The Active Bear ETF (HDGE.P), who has been short Green Mountain since 2011.
"This is the beginning of the end," he said. "We're not covering a share."