Morning Journal--Remember all that positive Spanish data. Fugitabotit

News on Stocks in Our Portfolios

 
Medivation beats by $0.08, beats on revenue

·                                 Medivation (MDVN): FQ3 EPS of -$0.18 beats by $0.08.

·                                 Revenue of $108.5M beats by $48.37M.

Economics

   This Week’s Data

            The International Council of Shopping Centers reported weekly sales of major retailers up 1.2% versus the prior week and up 2.3% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 3.3% on a year over year basis.

            The September Chicago Fed National Activity Index came in at .14 versus expectations of .13.

            http://www.capitalspectator.com/archives/2013/11/chicago_fed_sli.html#more

            Weekly mortgage applications fell 1.8% while purchase application dropped 1.0%.

   Other

            Remember all the positive Spanish economic data that has been reported of late on these pages?  Well, it looks like most of it was made up (medium):

            http://www.zerohedge.com/news/2013-11-12/goebbels-would-be-proud-european-union-pulls-report-alleging-spanish-economic-data-m

Politics

  Domestic

Wednesday morning humor (sort of):

http://www.zerohedge.com/news/2013-11-12/genius-who-brought-your-brosurance-here-comes-obamacare-sluts

This should make everyone feel better (short):

            http://www.zerohedge.com/news/2013-11-12/meet-cftcs-new-head-timothy-massad-man-responsible-regulating-234-trillion-derivativ

                        Why none of the banksters have gone to jail (long but a good read):

            http://www.zerohedge.com/news/2013-11-12/why-has-nobody-gone-jail-financial-crisis-according-judge-rakoff-its-governments-fau