Backdoc, Thunderhawk & Mountainman 4-25-16 Part 2 of 3

Part 2

BACKDOC:  WHEN MAJOR LEADERS BEGIN TO BREAK DOWN IN PRICE LIKE THESE TWO MONSTERS THE MARKET IS IN DANGEROUS WATERS!  MICROSOFT LOST 30 BILLION OF VALUE IN 1 DAY! OUCH!
 
EARNINGS ARE IN A SPIRAL DOWNWARD AFTER BEING LOWERED LAST QUARTER!  WE ARE HEADED FOR A SERIOUS CRISIS GLOBALLY AND CHINA IS LEADING THE WAY DOWN!
 
ONE THING TO NOTE IS THAT OIL IS GOING AGAINST THE TREND NOW ISN'T IT?  WHY? BECAUSE IT'S THE NEW ONE WORLD CURRENCY! 

VALUE WITH NOW BE DETERMINED BY THE CURRENCY VELOCITY OF THE SDR CURRENCIES THAT SETTLE ALL OIL SALES GLOBALLY!     DOC   IMO
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Thunderhawk:   Backdoc Alert

Nasdaq 100 Tumbles as Microsoft, Alphabet Earnings Disappoint

Disappointment with earnings pummeled shares of Microsoft Corp. and Google parent Alphabet Inc., sending the Nasdaq 100 Stock Index to the steepest drop in two weeks.

While the tech-heavy Nasdaq slid, gains in crude oil boosted energy producers, curbing the Standard & Poor’s 500 Index’s decline. Technology shares in the benchmark index capped the biggest slide since Feb. 5, with Microsoft and Alphabet down at least 5 percent. Banks rebounded to a three-month high, and Norfolk Southern Corp. jumped the most since November as earnings beat estimates and the railroad increased its cost-cutting goal.

The Nasdaq 100 dropped 1.5 percent to 4,474.19 at 4 p.m. in New York, paring a 2.2 percent retreat, with Microsoft falling the most in almost 15 months. The S&P 500 was little changed at 2,091.58, wiping out a 0.5 percent decline. The gauge gained 0.5 percent for the week. The Dow Jones Industrial Average added 21.23 points to 18,003.75, erasing a 72-point slide. The Russell 2000 Index climbed 1 percent as energy shares jumped 3 percent.
“The big tech names that have reported in the last day are having a negative influence on major index returns,” said Mark Luschini, chief investment strategist at Philadelphia-based Janney Montgomery Scott LLC, which manages $54 billion. “Valuations in the U.S. equity market are full, so market participants are becoming more demanding about what they’re expecting for future gains. The news on the economic front has been steady, if not unspectacular, and the earnings picture has been mixed at best.”

With the flow of corporate earnings picking up, equities have lost momentum in the last three sessions as results failed to inspire investors to fatten a rally that’s lifted the S&P 500 more than 14 percent from a 22-month low in February. A recovery in oil prices, optimism that central banks will continue their efforts to boost growth and signs of improvement in China had bolstered the rebound, with the gauge this week briefly coming within 1 percent of a record set last May. Read More at:

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Mountainman:  As the BIG 500......Are Selling Off and have Been [PREPARING] to WEATHER the STORM......It has Been Something to Be AWARE Of......Over the Last 2 Years+.......Much has HAPPENED GLOBALLY....and NOW.....The HAND WRITING IS ON EVERYBODY'S WALL.......IMO

Blessings,Mountainman   (8)=New Beginnings

BACKDOC:  THE PROBLEM HERE WITH A SPIRAL OF EARNINGS IS THAT IT LOWERS A STOCKS VALUATION!
 
DEPENDING ON GROWTH MANY COMPANIES ARE VALUED AT 15 TIMES EARNING, SO IF EARNINGS PLUMET AND WORSE YET IF THERE IS NO GROWTH VALUE WILL HAVE TO SHRINK!
 
THIS IS THE BUSIEST REPORTING WEEK OF THE YEAR WHICH USUALLY INVITES VOLATILITY IN MARKETS!  KIND OF A DAY OF RECKONING SO TO SPEAK.  LET'S WATCH AND SEE HOW IT GOES AND SEE IF THERE ARE PLENTY OF DISTRACTIONS FOR A FEW COUNTRIES TO FLAUNT A NEW VALUE!  HEE HEE    LOOKIE LOOKIE OVER HERE!   DOC    IMO

Thunderhawk:  Backdoc Alert

Morgan Stanley Says Never Mind S&P 500's Earnings Gap: Chart

The gap between two profit measures for the Standard & Poor’s 500 Index has grown to the widest level since 2009, fueling concern that earnings quality is deteriorating. To Morgan Stanley, such worries are unfounded.

The difference between operating profit to income under generally accepted accounting principles, or GAAP, is mostly driven by a small number of companies -- five firms account for a third of the discrepancy, according to a study by strategist Adam Parker. Moreover, the measure has a bad record for identifying winners -- buying stocks with the lowest earnings spread and selling those with the widest has produced a loss of 26 percent since 1985.

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Mountainman:  Oh YES....HELLO UNWTO.....and {ALL} Who will have A MAJOR ROLE in this HISTORIC East to West UNIFIER......The WEALTH and Ease of The FUTURE FAST TRACK RAILWAY will Create a Reemergence of Many NATIONS Beninfiting...this NEW SILK ROAD...

As Far as TERRORISM goes A UNIFIED FORCE of GLOBAL Partners Will RISE to Handle these ISSUES.....IMO   Blessings,Mountainman    (8)=New Beginnings

Thunderhawk:  Iran ready to help revive Silk Road

Vice President and Head of Iran's Cultural Heritage, Handicrafts and Tourism Organization Masoud Soltanifar said Iran is ready to help expedite the revival of ancient 'Silk Road' for culture and trade.

Addressing the Sixth UN-WTO Silk Road Task Force Meeting in Orumieh on Sunday, Soltanifar said the 'Silk Road' has served as a route for political, cultural and tourism interactions between Asia and Europe over the centuries and has brought about the development for many countries, Fars News Agency reported.
 
The 'Silk Road', or 'Silk Route', was an ancient network of trade routes that were central to cultural interaction through the Asian continent connecting the West and East from China to the Mediterranean.
 
"Iran, as the heir of ancient Persia, in the center of the Silk Road has linked Eastern and Western countries throughout history," he added.
 
The official noted that the 'Silk Road' has been a route for exchange of goods between countries and civilizations but unfortunately with the spread of terrorism and certain differences, some controversies have emerged.
 
Soltanifar said promoting friendship between the 'Silk Road' states require greater efforts to resolve these issues.
 
He called for expanding continental cooperation and ending disputes between countries in the coming decade in order to help revive the ancient trade route.
 
The three-day UNWTO Silk Road meeting is currently underway in Orumieh with the participation of representatives from UNESCO, World Tourism Organization, and delegates from more than 33 Silk Road countries. It will end today.

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BACKDOC:  I DON'T THINK IT WAS AN ACCIDENT THAT THE UK BECAME THE LARGEST INTERNATIONAL EXCHANGE FOR THE YUAN!
 
I THINK THE ROAD IS BEING PAVED WITH A NEW COOPERATION WITH CHINA AND THE UK ENDING IN A TRIANGLE WITH SAUDI ARABIA!
 
WE CONTINUE TO SEE THE DRAMA OF SAUDI ARABIA BEGINNING TO BREAK ITS TIES WITH THE USA!  INTERESTING TO SEE DRAMA INCREASE IN THAT ARENA. 

REMEMBER I TOLD YOU WEEKS AGO WHY THIS WOULD HAPPEN!  IT HAS TO BECAUSE OZ HAS TO BALANCE THE CURRENCY VELOCITY OF ALL SDR CURRENCIES!
 
WHAT KIND OF A WORLD WILL IT BE WHEN THERE IS NO INFLATION AND VIRTUALLY NO GLOBAL GROWTH?  MMMMM
 
OF COURSE COUNTRIES LIKE IRAQ,VIETNAM,INDONESIA,AND IRAN WILL BE ON A TEAR BUT MOST COUNTRIES WILL BE EVEN OR CONTRACTING!
 
WHEN WISHES CAN NO LONGER BE PRINTED A GLOBAL NEW REALITY WILL BE FOUND!    DOC

Thunderhawk:  Backdoc Alert

Opinion: Why Brexit could lead to the breakup of the United Kingdom

Brexit could mark Cameron as the worst U.K. leader since the U.S. Revolutionary War
David Cameron is in danger of going down in history as the most disastrous British Prime Minister since Lord North lost the 13 colonies in the American War of Independence more than 200 years ago.

This isn't because of his policies on austerity, welfare reform or foreign affairs, but simply because of the constitutional fallout should he lose the referendum on June 23 on continued British membership of the European Union.

For if Britain voted to leave the EU—or Brexit as it is commonly termed—in all probability it wouldn't only cost Cameron his job, but also initiate an irrevocable process toward Scottish independence and the breakup of the United Kingdom.

Cameron’s chances of winning the referendum and preventing a Brexit have diminished sharply as a result of his own personal problems in responding to questions concerning his own finances stemming from the leak of documents at the Panama-based Mossack Fonseca law firm.

In essence, Cameron doesn't seem to have done anything remotely illegal in handling his personal finances and family inheritance, but he is suffering because it took a week to drag out from him a full accounting of just how he had benefited from the Panama-registered Blairmore Investment Trust, a fund set up by his father in an offshore tax haven.

Because Cameron is leading the campaign for the United Kingdom to stay in the European Union, anything that weakens him weakens the campaign.

Moreover, even before the Panama revelations, he was leading a divided party with close to half of the 330 Conservative Members of Parliament considered to be either outright advocates of the United Kingdom’s withdrawal from the EU or at least skeptical of continued British membership (as for the party membership and particularly party activists, they are overwhelmingly anti-EU).

Now, with Cameron setting a precedent for British politicians in disclosing his tax returns, he is putting other MPs under pressure to disclose their own finances, which many of them may not appreciate.

How does this impact on Brexit? The answer lies in the assumption that if Cameron loses the vote, or even if he only secures a narrow victory, he will be forced by his own party members to resign as Prime Minister. And with a new leader, particularly in the event of a Brexit, there may well be a diminished focus on personal finances.

With nine weeks to go before the referendum, opinion polls remain split on the outcome. But the Brexit campaigners have been far more lively, and with the Conservative Party becoming ever more fractious, the ability of Cameron to run a coherent campaign to secure a popular vote in favor of staying becomes increasingly questionable.

Cameron did not do himself any favors when he sought to deflect attention from his own finances by announcing the publication of a government document—which cost £9 million to produce—outlining why the government thought it made sense for the United Kingdom to stay within the EU. This provoked a storm of protest from those in favor of a Brexit arguing that it was unfair for the government to use public funds to support its case in advance of the official launch of the referendum campaign, which only started a few days later.

The tightness of the referendum contest makes it reasonable to consider the consequences for the unity of the United Kingdom should the Brexit campaign triumph (and it is a mark of the “Remain” campaign’s weakness that so far there is no “Remain” counterpart slogan to the simplicity of “Brexit”).

It is almost certain that voters in Scotland will endorse continued membership of the EU, regardless of how the rest of the United Kingdom votes. This raises the question that if the United Kingdom as a whole were to vote for Brexit, would the devolved Scottish government in Edinburgh, which is run by the ardent nationalists of the Scottish National Party, be prepared to accept a future for Scotland outside the EU?

Almost certainly the Scottish government would demand a second referendum on Scottish independence. And this time it would certainly secure increased support from opposition Labour, Liberal Democrat, and even Conservative voters in Scotland, and perhaps even from some party leaders as well.

In sum, it would be very hard for the British government, whether run by Cameron or anyone else, to deny a second referendum on Scottish independence and, should such a poll be held, it would be quite likely that the 55%-to-45% rejection of independence recorded in 2014 would be reversed.

If Scotland were to vote for independence, this would of course cause massive administrative chaos in Brussels and London, as well as in Edinburgh, with simultaneous negotiations required to tackle Britain’s exit from Europe and replacement trade agreements with the EU and EU member states;

Scotland’s exit from the United Kingdom and replacement trade and security agreements; and Scottish negotiations with the European Commission to ensure either ongoing Scottish membership of the EU or some complex formula under which Scotland would have to apply for membership as a new state.

And if Scotland were to leave the United Kingdom, then what kind of a United Kingdom would be left? Would Wales be next in line for independence? At present, there is little appetite for outright independence throughout the principality.

In the long run, Scottish independence might well change attitudes. But even in the short run there could be a change of mood.

Wales’ biggest industrial complex, the Port Talbot Steelworks, is due to be sold off by India’s giant Tata Steel conglomerate. There are moves to rescue the plant, with the government promising to “co-invest” if a buyer can be found. But these are tough times with massive overcapacity in the steel industry. And if there is no rescue, and the plant closes down, then anger at a closure expected to lead directly and indirectly to the loss of 40,000 jobs would be largely directed at London.

So if there is a vote for Brexit, might it be only a few more years before the United Kingdom was either confined to a weird union of England and Northern Ireland, or formally dissolved altogether?

And would a state called England then have to fight its corner to retain the United Kingdom’s seat as one of the five permanent members of the United Nations Security Council? Other powers with an eye on permanent status in the Security Council, such as India, Brazil, and South Africa, might not consider Russia’s succession to Soviet permanent membership as an acceptable precedent.

These are all hypotheticals, but they are no longer beyond the realms of possibility and, indeed, should the very real possibility of Brexit come about, then Scottish independence would become a probability.

Cameron agreed to a vote on continued British membership of the European Union in 2012 in order to appease anti-EU rebels in his own Conservative Party. By running an increasingly erratic campaign in support of EU membership, he stands in danger of not only losing the United Kingdom’s place in Europe, but also Scotland and possibly the entire United Kingdom and its permanent seat at the United Nations Security Council.

After Lord North presided over the loss of the 13 colonies, the United Kingdom went on to gain a new world empire. This time around, it is not the loss of empire or even a shrunken future on the world stage that is really at stake, but the unity of the United Kingdom of Great Britain and Northern Ireland. If that goes, Cameron would bear the lion’s share of the blame.

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Mountainman:   Grease.GREASE,....GREECE....All of A SUDDEN You are Being COURTED for Relief for Your DEBT BURDEN......Not that We...The IMF Ignored Your DEBT ISSUE Over the Last Few Years......But Now is A GOOD TIME to Bring You OUT of The SHADOWS.....So to Speak as We CONTINUE to DIRECT the Next CAST of COUNTRIES to the GLOBAL STAGE/PLAY called......The NEW GLOBAL REALITY.....IMO

Thunderhawk:   Lagarde reacts coolly to Greek deficit figures

International Monetary Fund chief Christine Lagarde reacted coolly to data out on the previous day showing that Greece might have managed to beat Brussels target for belt-tightening. Figures from Greece's statistical authority had revealed that the country registered a primary surplus, excluding interest payments and bank-rescue costs, worth 0.7 percent of gross domestic product.

The European Commission and IMF had set Athens a primary deficit target of
 
-0.25 percent for 2015, ShareCast News wrote.
 
Those numbers will change perspectives if they are accurate, Christine Lagarde reportedly said as she arrived at a meeting of Eurozone finance ministers on Friday.
 
"We've seen in the past numbers that have been revised significantly over the course of the usual revisions, so we will scrutinize those numbers very carefully," she added.
 
Greece's total public spending deficit on the other hand was still at 7.2 percent of GDP last year.
 
Reacting to the latest Greek data, Paul de Grawe, a former adviser to the Commission and one of the foremost academic experts on so-called Optimal Currency Areas criticized Eurogroup president Jeroen Dijsselbloem for acting as if "he has the moral high ground".
 
Both debtors and creditors have a responsibility, the Dutch economist told Dutch newspaper NRC Handelsblad, adding that the risk of a Grexit from the Eurozone was ‘as high’ as 10 months ago.
 
That drew an angry retort from EU Commission chief Juan-Claude Juncker who reportedly said those who were restarting the Grexit debate ‘are playing with fire’.
 
During the previous weekend, the EU agreed to push Athens for additional reform measures worth up to 4.5 percent of gross domestic product. Of that amount, two percentage points worth — denominated 'contingency' measures — would only be put in motion if the country missed its targets.
 
According to the Washington-based lender, Greece only managed to hit its targets in 2015 by deferring paying bills and cutting public spending to unsustainable levels.
 
Revenues from tax collection, one of the country's most-pressing weak-spots, had in the meantime continued to slide.
 
Nonetheless, since 2010 Greece had slashed spending and hiked taxes to the tune of 30 percent of annual GDP.
 
In exchange for such 'contingency measures', which the government in Athens was opposed to, the IMF and the EU would begin to study how to alleviate Greece's debt burden, possibly as early as next Thursday.

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Mountainman: As this GOLDEN {LOVE} TRIANGLE Opens Up to CHINA and IRAN'S Relationship.....It is Imperative for BOTH to SUPPORT and COOPERATE in Each others ECONOMIES.......So GOODS and SERVICES/Energy Products will Play their Respective ROLES.....REMEMBER CHINA must be MORE CONSUMPTION Oriented in the Chinese Orient/......WHY....??? Because they have No ROOM For MANIPULATING their CURRENCY or TRADE in the NEW REALITY...... LOL....IMO

Blessings, Mountainman  (8)=New Beginnings.....w/ A WAKE UP CHINA CALL.....

Thunderhawk:  Iran, China to build petchem plant
 
Iran and Chinese CNTIC petrochemical company signed an agreement on the construction of Mehran Petrochemical Complex to produce propylene.

The Chinese company had earlier signed a deal with Iran to finance projects in the southern oil-rich regions such as Bushehr and Masjed Soleiman, Mehr News Agency reported.
 
The petrochemical plant will produce resin phenol and acrylic acid for the first time in Iran while concurrently providing feedstock for downstream industries in Ilam Province as well as raw material for other production units across the country.
 
The complex will employ the latest cutting-edge technology of Germany, France, Britain and Denmark. The products from the complex will be used in manufacturing nylon, detergents, colors, aspirin, gasoline additives and glue.
 
The plant will do away with the import of raw material for petrochemical and polymer industries. The complex will create 3,000 direct and indirect jobs.
 
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