Wall St Week Ahead: The market is oversold, but major signs say “sell”

NEW YORK (Reuters) – Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.

With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further next week as concerns about the financial health of Europe persist.

“What has changed in the world since April? We went from hearing a constant refrain that the world is awash in money and markets must go higher to hearing nobody wants to take any risk. … All in a week,” said Peter Cecchini, global head of institutional equity derivatives at Cantor Fitzgerald & Co in New York.

The S&P 500 fell 4.3 percent for the week, its steepest weekly decline this year, and closed below 1,300 for the first time in four months.

The hotly awaited market debut of Facebook on Friday was marred by technology glitches on the Nasdaq in sending messages back to the brokerages that handled orders of Facebook Inc for individual, or “retail,” investors. Those problems rekindled fears about the market’s electronic trading system and caused some investors to stay away from equities.

Weighing on sentiment is a growing sense among investors that the euro zone debt crisis is nearing new heights, fueled by fears of the potential for a Greek euro exit and the deteriorating health of the Spanish banking system.

Solid corporate earnings and upbeat U.S. economic indicators had fueled the rally in U.S. stocks, offsetting jitters over Europe. But with earnings almost out of the way and data starting to disappoint, investors have shifted their focus back to headlines out of Europe.

Leaders of the Group of 8 major industrial economies meet this weekend to try to tackle the financial crisis in Europe. U.S. President Barack Obama, the G8 host, has urged European leaders repeatedly to do more to stimulate growth, fearing contagion from the euro crisis that could hurt the U.S. economy and his chances of re-election in November.

“The market is extremely oversold. Nonetheless, all major indicators remain on sell signals,” said Larry McMillan, president of options research firm McMillan Analysis Corp, in a report on Friday.

“We expect a powerful but short-lived rally should be coming soon. But at this point, barring some major shifts in our indicators, it may only be a rally in a larger down-trending market,” McMillian said.

THE FACEBOOK EFFECT

Facebook, the No. 1 online social network, disappointed investors with a tepid market debut on Friday. Shares rose a scant 0.6 percent – nowhere near expectations for double-digit gains on the first trading day – and the day was marred by technical problems due to huge order volume. The stock closed at $ 38.23 after falling as low as $ 38, its initial offer price.

The disappointing debut curbed investors’ appetite for other social media stocks. Hardest hit was Zynga Inc , which closed down 13.4 percent to $ 7.16 after falling as low as $ 6.40. The stock was temporarily halted twice due to sudden declines.

LinkedIn shares fell 5.7 percent to $ 99.02, and Groupon fell 6.7 percent to $ 11.58. Zynga and Groupon, both of which went public late last year, are also trading below their IPO prices.

Despite the disappointing market debut and the weak performance of social media stocks, market participants are still optimistic about Facebook going forward.

“In any brand new area, social media in this case, most are going to be losers and only some are going to be winners. Yes, the IPO was disappointing, but Facebook is clearly the winner here and others aren’t,” said Randy Warren, chief investment strategist at Warren Financial Service.

Next week’s economic data includes April’s existing home sales on Tuesday at 10 a.m. Existing home sales are forecast at a 4.60 million-unit annual, up from 4.48 million in March.

New homes sales figures are due on Wednesday at 10 a.m. April’s new home sales are also expected to post an increase, gaining about 7,000 units over a 328,000-unit annual rate in March.

Initial jobless claims and durable goods orders will be published on Thursday at 8:30 a.m. Consumer sentiment is due at 9:55 a.m. on Friday.

For the week, the Dow is off 3.5 percent and the Nasdaq is down 5.3 percent.

(Additional reporting by Doris Frankel in Chicago; Editing by Leslie Adler)

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Pentagon Restricts F-22 Flights Over Safety Concerns

An unknown and not-yet understood safety problem with F-22 stealth fighters has led to the Pentagon restricting flights of the plane. Defense Secretary Leon Panetta ordered the restrictions on Tuesday after Navy and NASA experts indicated it was for the best. Some F-22 pilots have experienced dizziness while flying as well as other symptoms of oxygen deprivation. That someone has high up as Panetta has gotten involved in this particular matter indicates just how serious the issue appears to be.

Last year, the Air Force Grounded all F-22s for four months because of the oxygen problem, and some pilots have even refused to fly them. The Air Force could not ultimately determine the cause of the problems but put forth a plan to keep the planes in the sky with pilots using special sensors, filters and other precautions to guard against problems related to oxygen deprivation.

Asked why Panetta was acting at this point, Navy Captain John Kirby, a spokesman for the Pentagon, noted that Panetta has been aware of the problem with the F-22s “for quite some time.” He added that given the concerns of pilots, Panetta chose to “dive a little more deeply into the issue.” Panetta ordered that F-22s remain “within proximity of potential landing locations” in the event that pilots experience problems. The F-22 was developed during the Cold War and the entire U.S. fleet of the planes now numbers 187, with the last added to the fleet just two weeks ago. The total cost per plane is about $ 190 million.


Buzzle: National & World News

How Facebook Can Change Your Life

Many won’t join Facebook because they can’t understand why anyone would post useless drivel on the Internet. So I remind them they don’t have to. There’s no law against posting intellectual substance; it’s boring–but not against the law. Then I asked why they thought useless drivel appropriate in person. Oops! (Not the best way to keep friends.) Anyway, others complain about posting personal information for the entire world to read. I tell them to not do that. Facebook has privacy settings that allow control over that sort of thing. Some warn of becoming addicted. I say no! Others consider it a poor substitute for what’s really needed–human contact. And it’s that point that intrigues me most.

Reluctant to hop on board the Facebook wagon at first, I finally took the plunge. It’s free, and I could delete my account if I didn’t like it. Plus, I told myself, social media is a practical skill in today’s business world. It all added up to a good idea personally and professionally.

Now, I’ll confess to having forced myself to watch a short video tutorial that would introduce me to the interface. But Facebook is so intuitive at its most basic level that most people can skip this step. Then, I set my first goal: get more friends than my wife!

It didn’t take long to surpass her in friends; not counting that elaborate anime fanatic from Japan whose invite I accidentally accepted. Then it hit me as I quickly connected with family I hadn’t seen in decades and those separated by the miles. Friends from work, school, and band days were now a part of my cool-dandy address book. The secret Facebook friend-finding algorithm (if there even is such a thing) could help connect me with pre-email friends. And my address book was connected with hundreds of other address books; and those books connected with hundreds more.

Some might say, but I’ve got email for that sort of thing. I’d say, no you don’t. Email does not mimic organic human interaction the way social media does. Besides, Facebook comes with email. Some suggest picking up the phone whenever they want to talk to someone. I say go ahead. But friend them on Facebook while you’re at it.

“Again, I’ve got email for that.”
“No, this is better.”
“I’ve got a phone.”
“Beh-ter. Facebook is better.”

It’s so cool the day someone you don’t know “likes” some emotionally unrestrained comment you left on another friend’s post. And there’s nothing like getting “poked” for no reason. Poke back! That’s the point. Being social doesn’t require a reason. It’s merely a function of life. So if you don’t know what “like” and “poke” mean, it’s time to get a life! The only thing you need to get started is a face. You don’t even need a friend.

I am a cancer–crabby by nature. But Facebook helped me break out of my shell. It suits my many hours at the computer. And I am in touch, managing, and thinking about family and friends more than I ever had before. Online social media is not meant to substitute for real human interaction: It enhances it. I have learned so much more about those casual acquaintances and coworkers that I never would have known; all good things. Being connected in this way has taught me to appreciate everyone for who they are. Some friends are conservative; others are liberal. Some like country music (like me); some hate it (like my mom). But the real beauty is that everyone has the freedom to be themselves. You don’t have to agree or like everything they post, but you can at least be their friend. I would like to make one suggestion though. So Mr. Zuckerberg, if you’re listening, it’s time for a “love” button.


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Autobiography Vs. Memoir

There are many similarities between autobiographies and memoirs, and often only the most discerning reader can tell the difference between the two. Whether you were assigned the book for a class or you picked it up at the local library because it looked interesting, knowing the difference between autobiography and memoir can enhance your understanding of the text.

Autobiographies

Autobiographies are different from biographies in that the author writes an autobiography about his or her self rather than it being written about them. Autobiographies typically cover a lot of ground in the author’s life. If you are reading the entire life story of the author until he or she wrote the book, you are probably reading an autobiography. The writing in these texts tends to be a bit dry, or less interesting, because so much time has to be covered from start to finish.

Memoirs

Memoirs usually tackle a specific subject or point in a person’s life. If the author wants to tell the story of his or her divorce or illness or any other time or event when the author’s life changed, he or she is probably going to write a memoir. Because it deals with one specific problem that is usually within the author’s recent memory, the writing style in memoirs tends to be more literary and creative, making it easier to read.

Similarities

Obviously, autobiographies and memoirs are nonfiction texts written by the author about specific events in his or her life. The biggest similarity is that the texts are all true. Many authors write autobiographical fiction, which means that the story itself is not true but is based on events that happened in his or her life. While this can be similar to autobiographies or memoirs, the fact that the latter are absolutely true in the eyes of the storyteller sets them apart. Both memoirs and autobiographies can also be very interesting to read, especially considering the events actually happened. As the saying goes, truth is stranger than fiction, so reading nonfiction can entice many readers.

Differences

The differences between autobiographies and memoirs, then, are subtle. As stated above, autobiographies often cover a longer time period and, as such, are sometimes more difficult to read. If you are very interested in the history of someone’s life, you may want to pick up that person’s autobiography. If you are more interested in how someone dealt with a specific situation – maybe one you are facing in your own life – a memoir on the subject may be for you. In the same vein, memoirs often tackle tough subjects and don’t necessarily have to be written by someone who is already well known.

Deciding Which One to Write

If you are an aspiring nonfiction author and are thinking about writing about your life, deciding between writing an autobiography and a memoir can be difficult. The first thing to do is to think about the story you want to tell. If you want to tell the story of your entire life, go with an autobiography. If you can look at your life and pinpoint a situation you went through and you feel strongly that you’d like to share that experience with the world, go with a memoir.

From a sales perspective, memoirs are more likely to sell, especially if you are not a well-known celebrity. Celebrities can write successful autobiographies because people want to read their life stories from their perspectives, so they will generally sell well. Memoirs, however, apply to everyone who has been through a similar situation, making them easier to market.


Buzzle: Arts & Literature

The Only Thing You Need

Nopalea is the name of the new drink on the market that is absolutely taking the health world and flipping upside down.  Gone are the days where people would sell you a crappy drink filled with sugar that was promised to heal you of all of your ailments and diseases.  No, I think we all know by now that a simple drink cannot be doing all of this.  However, this cactus drink can actually do quite a bit for your help – although it is not a cure-all.

The one thing that you need to know about this drink is that it is extremely tasty, yet still offers quite a bit of health benefits.  Usually drinks that have all the health benefits are not very good tasting, so people don’t drink them and thus do not get any of the benefits.  This is a shame summation Mark drink should be very tasty and very refreshing!  This is what the cactus drink is.  I personally got mine down in a matter of seconds, and I’m not one to drink extremely quickly either.  That’s just one quick testament to how powerful this drink is and how powerful it can be if you implemented into your daily routine and make it a part of your life

How to Say No Effectively

Have you ever wondered why some people can say no and other people immediately accept that as their answer, but when other people say no, it means absolutely nothing? Being one of those females whose no carried no weight, I decided to listen and watch those individuals whose no meant no. That way I can learn how to say no like them.

I started off by listening and watching children. What I noticed is kids realize right away that there is power in the word no. They also will stand by their no and not change their mind. Some kids will even ignore you after they have said no if you continue to ask them the same thing over and over. After listening and watching how kids say no, I began to listen and watch how men say no.

When men would said no, they would say it with authority in their voice. It would be said strongly and very final. They also would look you in your eyes when they said no. After listening and watching how men said no, I started listening and watching how women said no.

When it came to the women, I noticed that some knew how to say no and have it mean no, while some women seemed to have difficulty with getting people to accept their no for no. As for the women who said no and their no meant no, they all did the same things. These women would look you in the eye and very firmly say no. They did not beat around the bush. These women simply said no. If the person would continue to ask them the same question repeatedly, they would put some bass in their voice and say very firmly “I said no” and they wouldn’t say anything else.

Now for the women who seemed to have problems with getting people to accept their no for no. They also did similar things. They all would beat around the bush before saying no. When they did say no, it would be said timidly. They would also explain why they said no. Shortly after saying no, they would end up allowing the person they said no to to change their mind.

After listening and watching children, men and women say no, I found out how to say no effectively. Listed below is the formula for saying no effectively.
- Say no very firmly the first time.
- Do not beat around the bush
- Look the person in the eye when you say no.
- Do not add any explanation as to why you said no.
- If the person continues to ask the same thing over and over, you say very firmly “I said no” and do not address that person’s question again


Most Recent – Education – Voices from Yahoo!

‘iPhone 5′ Headphone Jack and Earpiece Component Surfaces

Part leaks from the next-generation iPhone are beginning to ramp up, with component vendor SW-BOX.com having recently added a new headphone jack/earpiece/Wi-Fi cable part claimed to be from the device (via Cydia Blog). The new part joins a claimed micro-SIM tray that surfaced on the site several weeks ago and home buttons that appeared on several sites late last month.


If the new part is indeed legitimate, it does represent a significant departure from the component organization in the current iPhone. In the iPhone 4 and 4S, the headphone jack, volume buttons, and mute switch are grouped together on a single component, while this new part associates the headphone jack with the earpiece speaker and Wi-Fi cabling.

It is not terribly unusual for Apple to tweak the organization of components, and the new part leak offers essentially no information on any potential changes to the device’s form factor, but with part leaks beginning to accelerate it may not be long before more substantial parts begin showing up.


MacRumors: Mac News and Rumors – Front Page

Romney Apologizes for High School Bullying

Likely GOP Presidential Nominee Mitt Romney was forced to address a Washington Post article in which many of Romney’s prep school classmates recalled some of his pranks and more troubling behavior during his high school years. Apparently, the buttoned-up Mitt Romney that we see today was much more of a wild child in the early 1960s, and some of his classmates still have the scars to show for it. Among some of the more cruel “pranks” perpetrated by Romney, he reportedly held down a student with several other boys and cut his hair because they believed that the student was a homosexual. As it turns out, he was a homosexual and the incident troubled him throughout his life.

Romney denies any recollection of the incident and also pointed out that, in the early 60s, he was oblivious to anyone’s sexual orientation or the possibility that any of his classmates might be homosexual. In fairness to Romney, that is probably a much more accurate statement than trying to claim that he doesn’t remember specific incidents from high school. Anyone who has ever been to high school – and certainly anyone who enjoyed the level of popularity and influence that Romney seemed to hold during his days at an elite prep school – is very likely to remember most of the important details of the experience.

Many of Romney’s classmates acknowledged that he was humorous and could frequently evoke a laugh, even if it was often at the expense of others. And even those who found Romney to be mean-spirited and somewhat of a bully acknowledged that his demeanor began to change when he met his current wife, Ann, who attended the sister school nearby.

Ultimately, the high school stories are probably going to fade away – as they should. Trying to dissect events of 50 years ago isn’t going to create a discernable advantage for either party, but these are the kinds of stories that will be thrown about in the calm before the election storm, which will get into full swing later in the summer.


Buzzle: National & World News

In metallic glasses, researchers find a few new atomic structures – Eureka! Science News

Published: Friday, May 11, 2012 – 14:34 in Physics & Chemistry

Drawing on powerful computational tools and a state-of-the-art scanning transmission electron microscope, a team of University of Wisconsin-Madison and Iowa State University materials science and engineering researchers has discovered a new nanometer-scale atomic structure in solid metallic materials known as metallic glasses. Published May 11 in the journal Physical Review Letters, the findings fill a gap in researchers’ understanding of this atomic structure. This understanding ultimately could help manufacturers fine-tune such properties of metallic glasses as ductility, the ability to change shape under force without breaking, and formability, the ability to form a glass without crystalizing.

Glasses include all solid materials that have a non-crystalline atomic structure: They lack a regular geometric arrangement of atoms over long distances. “The fundamental nature of a glass structure is that the organization of the atoms is disordered-jumbled up like differently sized marbles in a jar, rather than eggs in an egg carton,” says Paul Voyles, a UW-Madison associate professor of materials science and engineering and principal investigator on the research.

Researchers widely believe that atoms in metallic glasses are arranged only as pentagons in an order known as five-fold rotational symmetry. However, in studies of a zirconium-copper-aluminum metallic glass, Voyles’ team found there are clusters of squares and hexagons-in addition to clusters of pentagons, some of which form chains-all located within the space of just a few nanometers. “One or two nanometers is a group of about 50 atoms-and it’s how those 50 atoms are arranged with respect to one another that’s the new and interesting part,” he says.

Measuring the atomic structure of glass at this scale has been extremely difficult. Researchers know that, at a few tenths of a nanometer, atoms in metallic glasses have the same distances between them as they do in crystals. They also know that at long distances-hundreds of nanometers-there’s no order left. “But what happens in between, at this ‘magic’ length of one to three nanometers, is very hard to measure experimentally and is essentially unexplored in experiments and simulations,” says Voyles.

An expert in electron microscopy, Voyles used a powerful, state-of-the-art scanning transmission electron microscope at UW-Madison as his window into this nanometer-scale atomic structure. The microscope can generate an electron probe beam two nanometers in diameter-the ideal size for examining atoms on a length scale of one to three nanometers. “And that, fundamentally, is what makes the experiments work and gives us access to this information that’s otherwise very difficult to obtain,” he says. “We can match our experimental probe in size right to the size of what we want to measure.”

Voyles and his team coupled the experimental data from the microscope with state-of-the-art computational methods to conduct simulations that accurately reflect the experiments. “It’s the combination of those two things that gives us this new insight,” he says. “We can look at the results and abstract general principles about rotational symmetry and nanoscale clustering.”

There were several clues in the properties of some metallic glasses that these competing geometric structures might exist. Those arise from the interrelationships of structure, processing and properties, says Voyles. “If we understand how the structure controls, for example, glass-forming ability or the ability to change shape on bending or pulling, and we understand how different elements participate in these different kinds of structures, that gives us a handle on controlling properties by adjusting the composition or adjusting the rate at which the material was cooled or heated to change the structure in some useful way,” he says.

One of the unique characteristics of glasses is their ability to transition continuously from a solid to a liquid state. While other materials, when heated, are partly melted and partly solid, glasses as a whole become increasingly malleable.

While manufacturers now apply metallic glasses primarily in electrical transformer cores, their special forming capabilities may enable manufacturers to make very small, intricate parts. “Unlike conventional metallic alloys, metallic glasses can be molded like plastic-so they can be pushed or sucked or blown into very complicated shapes without any loss of material or machining,” says Voyles.

Those manufacturing methods hold true even at the micro or nanoscale, so it’s possible to make, for example, forests of nanowires or the world’s smallest geared motor. “Five or 10 years from now, there may be more commercial applications driven by those kinds of things than there are now,” he says.

For Voyles and his team, the next step will be to calculate the properties of the most realistic structural models of metallic glass they have developed to learn how those properties relate to the structure.

Other authors on the Physical Review Letters paper include lead author Jinwoo Hwang, Z.H. Melgarejo and Don Stone of UW-Madison, and Y.E. Kalay, I. Kalay and M.J. Kramer of Iowa State University.

Related


Sci/Tech – Google News

Some Sunscreen Products Found to Cause Cancer

Sometimes it seems no matter what you do, you lose in the end. Take efforts by people to prevent skin cancer by using sunscreens. Doing so, most have come to believe, either reflects or blocks harmful UV radiation that has been shown to cause skin cancer. Other sunscreen products, as Trails, points out, cause chemical reactions in the skin that prevent it from absorbing those very same UV rays. Now, new research from scientists working out of Missouri University of Science and Technology, shows that zinc, one of the primary ingredients in a lot of sunscreen products, may be causing skin cancer too.

As Trails points out, people are between a rock and hard place on this one. Scientists have for several years been telling people to get outside and get some sun because failing to do so can cause a dearth of Vitamin D in the body, which tends to make people sick over time. At the same time, when going outside, people have also been told to either cover up, or use a sunscreen. Covering up reduces the amount of Vitamin D that is produced in the body and now it appears, using a sunscreen may cause the very condition that people that use it are trying to prevent.

What happens the researchers say, is that zinc, which reflects UV rays away from the skin, also is changed chemically by UV rays and in the process releases free radicals, which prior research has shown, tends to cause cancer in humans. They note that thus far, their research hasn’t implicated zinc specifically as a cancer causer when exposed to sunlight, but suggest that because free radicals are being created, an environment comes into existence that has been shown to be carcinogenic.

This news, Trails, adds, makes life difficult for people, especially those who wish to spend a lot of time outdoors. One the one hand, the more sunscreens are studied, the more hazardous they appear. They point to another study that showed that many non-reflective sunscreens have been found to contain untested chemicals in them that may or may not cause harm, but do wind up in the blood stream. And now that zinc is being implicated as a possible cancer causer, it seems the only real alternative is to cover up with UV blocking clothes when going outdoors; advice that many outdoor organizations have been dispensing for decades.

Thus it appears that for now at least, the best way to be safe when out under the sun, is to wear clothes that prevent harmful radiation from seeping through. Trails says that enough sunlight will still strike the skin to promote Vitamin D, and thus, those that get out and cover up, should be the healthier for it.


Top rated – Lifestyle – Voices from Yahoo!