The Traderszone Network

Warren Buffett’s Berkshire Hathaway is IBM’s biggest shareholder, and perhaps biggest advocate. But the Oracle of Omaha took it to the teeth Monday when Big Blue’s quarterly earnings spooked Wall Street. Armonk, NY-based IBM revealed third-quarter results that widely trailed expectations on the top and bottom lines, and was forced to abandon hopes it would reach annual per-share earnings of $20 by 2015. Traders panned the results, sending the shares tumbling 7.1%.

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As the markets gyrated last week, many investors attempted to make money by trading volatility itself. That’s a risky gamble.

Whocouldanode? Chinese GDP managed (thanks to record-breaking credit creation and QE-lite) to beat expectations of +7.2% and come in at +7.3% (still its slowest growth since April 2009). Notably this was the biggest decoupling from Bloomberg’s high-frequency economic data forecast (i.e. real data) since May 2010. Despite weakness in Cement and Steel output, Industrial Production also managed to beat and actually improve (another miracle).

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The U.S. dollar started on a steady footing, as foreign exchange markets braced for a batch of Chinese economic indicators.

Following last year’s 20,000 word “decision” at the 3rd Plenum pledging reforms, soft-landings, and corruption crackdowns, we thought we’d leave it to China’s state-owned media to explain – via handy infographic – what to expect from the 4th Plenary session this week…

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The Securities and Exchange Commission is increasingly steering cases to hearings in front of the agency’s appointed administrative judges, who found in its favor in every verdict for the 12 months through September, The Wall Street Journal reports.
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Submitted by Michael Snyder via The Economic Collapse blog,

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