DailyMarkets.com - Stock Market & ETF Outlook: Santa Ben Comes To Town Early (DIA, SPY, VNM, GLD, TLT, UUP)

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• Stock Market & ETF Outlook: Santa Ben Comes To Town Early (DIA, SPY, VNM, GLD, TLT, UUP)
• Top 5 Economic Graphs For The Week Ended 5 December, 2010
• Whitney Tilson November Shareholder Letter

Stock Market & ETF Outlook: Santa Ben Comes To Town Early (DIA, SPY, VNM, GLD, TLT, UUP) Posted: 04 Dec 2010 10:22 PM PST Friday was a remarkable day that began with a truly terrible Non Farm Payrolls Report and ended with the markets closing higher for the day and week. The catalyst for the last half hour's rally appeared to be news that Fed Chairman Ben Bernanke taped an interview for "60 Minutes" due to air on Sunday night, December 5, 2010, in which he suggests that the $600 Billion in quantitative easing previously announced could be exceeded if needed. So Santa Ben arrived on Friday with the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Top 5 Economic Graphs For The Week Ended 5 December, 2010 Posted: 04 Dec 2010 09:01 PM PST This week we look at the US PMI results; while also reviewing the China PMI data for November. Then we check out the 3rd quarter GDP results for Australia, before wrapping up with a closer look at some US data on the housing market, consumer confidence, and the nonfarm payrolls report. 1. US PMI The US manufacturing PMI came in at 56.6, a little below consensus 57 and previous 56.9, the non-manufacturing PMI matched consensus at 55.0, and increased vs October’s 54.3 reading. So … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Whitney Tilson November Shareholder Letter Posted: 04 Dec 2010 03:18 PM PST Whitney Tilson Whitney Tilson is the founder and Managing Partner of T2 Partners LLC and the Tilson Mutual Funds. The former (http://www.T2PartnersLLC.com) manages three value-oriented private investment partnerships, T2 Accredited Fund, Tilson Offshore Fund and T2 Qualified Fund, while the latter is comprised of two value-based mutual funds, Tilson Focus Fund and Tilson Dividend Fund (www.tilsonmutualfunds.com). He is the author of More Mortgage Meltdown: 6 Ways to Profit in These Bad Times which we reviewed here., and co-author of the best book on Charlie Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. To see my lengthy interview with Whitney Tilson from earlier this year  click here. Below is some commentary from his newsletter for his hedge fund followed by the full document in scribd. His hedge fund is up approximately 215% over the past 11 years versus 15% for the S&P 500: Our fund declined 1.9% net in November vs. 0.0% for the S&P 500, -0.6% for the Dow and -0.3% for the Nasdaq.  Year to date, our fund is up 10.0% net vs. 7.9% for the S&P 500, 8.3% for the Dow and 10.9% for the Nasdaq. On the long side, three of our largest positions did well as General Growth Properties exited bankruptcy (as two companies, GGP and HHC) and rose 20.7%, Iridium reported strong earnings and raised guidance (the stock was up 13.2% and the warrants jumped 31.6%), and the Liberty Acquisition merger with Grupo Prisa was approved by shareholders and the Liberty warrants rose 7.6%.  Offsetting these gains on the long side were AB-InBev (-12.7%), Winn-Dixie (-9.3%), CIT Group (-8.9%), Kraft (-6.3%) and Microsoft (-5.3%). … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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