MONDAY 8/4/14; Portugal Bank Bailout; KORS; CAH; AIG; MRO

China issues a threat concerning the debt. The PBOC wants to avoid the use of stimulus since it may do more harm than good; the central bank is likely studying the affect of stimulus on the US markets where all price discovery is lost after over five years of obscene money printing. The China PMI services index is 54.2 falling to a six-month low. New orders are weak. Real estate is a major drag as the property market continues to falter. A 6.5 magnitude earthquake hits the Yunnan province in China killing nearly 400 people and injuring nearly 2000. Electric power is lost in the region. 12K homes are destroyed. Chinese authorities arrest six individuals concerning the ongoing Shanghai Husi meat scandal.

[Text is Redacted: Purchase August 2014-08 to Read the Complete Chronology]








l operator THC trades lower after reporting earnings. LF croaks -12% on weak earnings and guidance. SALE misses on earnings and goes on sale dropping -19% in a knee-jerk reaction then recovering to down -5%.

PG plans to cut 100 less profitable brands over the coming months to streamline and simplify the company. Proctor and Gamble will focus on core products such as Tide detergent. LinkedIn agrees to pay $6 million in damages and back wages to both former and current employees that worked uncompensated overtime during the last couple years. LNKD trades lower. Labor violations are a serious black mark on a company.

Ukraine troops continue fighting pro-Russian separatists in Donetsk and the violence hampers the MH17 airplane crash recovery and investigation. Bones and human remains recovery efforts from the MH17 airplane crash are hampered by the escalation in fighting.