US stocks: Rally unlikely to last. Buy gold?

US stocks rising on 'hopes and prayers,' analysts says. If economic weakness continues, rally in US stocks likely to last hours or days, not months.

By Jean Chua,?CNBC.com / June 7, 2012

In this file photo from Friday, Raul Rodriguez sweeps the trading floor of the New York Stock Exchange. Analysts don't expect Wednesday's huge rally in US stocks to last very long.

Richard Drew/AP/File

Enlarge

The market is trading on nothing but ?hopes and prayers? and this week?s bounce-back in equities will most likely be short-lived, analysts say.

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Asian stocks rallied on Thursday, gaining for the third straight day, after Wall Street posted its best one-day performance in 2012 on Wednesday. Japanese and Australian equities rose more 1.2 percent and South Korean shares gained nearly 2.5 percent.

Olivier Desbarres, Director and Head of Foreign Exchange at Barclays in Singapore said the gains were unlikely to be sustained.

?There?s actually not been that much good news in the form of data or policy measures,? Desbarres said. ?I think what we are seeing at the moment is a market that is trading on hopes and prayers?hope that policymakers in the euro zone, in the U.S. and in China will come up with a set of measures that ring-fence some of the liquidity and solvency problems that we have.?

There is however very little indication that central banks will do anything new, especially after the European Central Bank (ECB) left the region?s key interest rate unchanged, Desbarres said.

It is also?unclear that Federal Reserve Chairman Ben Bernanke will announce?further monetary easing or extended liquidity operations, when he speaks on Thursday, he added.

Even among those who expect further central bank action, there's growing skepticism it will have a long-term impact on U.S. stocks. Morgan Stanley, for example, expects a broad-based response to slowing growth including rate cuts in China and the euro zone, and further balance sheet expansion by the Bank of England, Bank of Japan and the Federal Reserve (QE3).

But Gerard Minack, a Morgan Stanley strategist says, "If the macro picture stays weak, expect any QE3 rally to last hours or days, not weeks or months."

For markets to truly rally, Stephen Halmarick, Head of Investment Market Research at Colonial First State Global Asset Management in Sydney, says Europe has to come up with a "big picture" solution to the region's debt crisis.

?Markets are buoyed at the moment because ECB has hinted they?re going to cut rates again and do a little bit more and the Fed has hinted they?re going to do a little bit more. So it?s risk on, but I don?t think it?s going to last long,? he said.

Philip Silverman, Managing Partner Kingsview Management, said investors should use the "snapback" rally to sell U.S. stocks and commodities.

The only thing that investors should be looking to add is gold, which will benefit from further monetary easing, Silverman said.

?We would expect that there is going to be some sort of movement out of the ECB? some sort of movement out of the U.S. to continue doing their stimulus, which really hasn?t done anything substantial but they?ll continue to try,? Silverman told CNBC Asia?s ?Squawk Box.?

Gold prices have declined in recent months, as investors have sold it along with other risk assets. But Silverman believes gold will now gain on a ?flight to quality.?

Spot gold prices?edged higher in Asian trade on Thursday, building on its highest settlement in a month in the U.S. on hopes of further monetary stimulus.

Burkhard Varnholt, Chief? Investment Officer and Head of Asset Management at Sarasin Bank, also told CNBC he believes the precious metal will gain because of its status as an alternative currency.??

?I think gold ultimately will hit $2,000 and there are two reasons behind that,? Varnholt said. ?One is continued central bank buying from Asia who are looking to diversify out of euro zone dollars and then because investors are concerned about fiscal recklessness.?

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Photo Aggregator Pixable Acq-hires The Badass Developer Who Built Their Android App In 3 Weeks (And It?s Live Now)

pixable-android2Pixable, the iPhone app that aggregates the photos and videos shared by friends on Facebook, Twitter, Instagram, and YouTube, is now arriving on Android. But how it got there is something of an interesting story. Instead of designing and building the Android version in-house, as is typical, the company instead "acq-hired" an independent developer who crushed out his own Pixable Android app in just three weeks.

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Do You Check Your iPhone in Bed?

Companionship, of course, can extend beyond humans and even animals. We were curious to find out how long it took participants, upon waking, to reach for their digital other halves: cellphones, tablets, and computers. Nearly 40 percent said they checked an electronic device within 15 minutes of opening their eyes in the morning, while only 20.1 percent held off on glowing screens for more than an hour.

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A Scientist's 20-Year Quest To Defeat Dengue Fever

Scott O'Neill wants to rid the world of dengue fever by infecting mosquitoes with bacteria so they can't carry the virus that causes the disease. Benjamin Arthur for NPR

Scott O'Neill wants to rid the world of dengue fever by infecting mosquitoes with bacteria so they can't carry the virus that causes the disease.

First of a two-part series

This summer, my big idea is to explore the big ideas of science. Instead of just reporting science as results ? the stuff that's published in scientific journals and covered as news ? I want to take you inside the world of science. I hope I'll make it easier to understand how science works, and just how cool the process of discovery and innovation really is.

A lot of science involves failure, but there are also the brilliant successes, successes that can lead to new inventions, new tools, new drugs ? things that can change the world

That got me thinking that I wanted to dive deeper into the story of an Australian scientist named Scott O'Neill. Scott had come up a clever new way for combating dengue fever.

Dengue is a terrible disease. It sickens tens of millions and kills tens of thousands. There's no cure, no vaccine and pretty much no way to prevent it. It's one of those diseases transmitted by a mosquito, like malaria.

"Success for me is having a significant impact on dengue disease in communities," says Scott O'Neill, holding a container of mosquitoes. Enlarge Colyn Huber

"Success for me is having a significant impact on dengue disease in communities," says Scott O'Neill, holding a container of mosquitoes.

Colyn Huber

"Success for me is having a significant impact on dengue disease in communities," says Scott O'Neill, holding a container of mosquitoes.

About 20 years ago, a lot of scientists got excited about the idea of genetically modifying mosquitoes so they couldn't transmit these diseases. People are still pursuing this approach. But I thought genetically modifying mosquitoes would be really hard to do. Even if you were able to make these disease-blocking mosquitoes in the lab, I didn't see how you would ever get them to survive in the wild, and displace the disease-transmitting mosquitoes that were already there. There was also a societal problem with the scheme. Most people probably wouldn't be thrilled about having swarms of genetically modified mosquitoes released in their backyards.

But last summer, when I read about O'Neill's work, it really knocked me out. His big idea was to infect mosquitoes with a naturally occurring bacteria called Wolbachia. Turns out that by some unknown quirk of biology, Wolbachia-infected mosquitoes can't carry the dengue virus.

Let me repeat that, because this is a key point: A mosquito infected with the bacteria called Wolbachia can't transmit the virus that causes dengue. One microbe defeats the other.

When I interviewed O'Neill by phone last year, he told me the idea seemed to be working. He had released his Wolbachia-infected mosquitoes into two small communities in northeastern Australia.

"Over a very short period of time, the Wolbachia was able to invade the wild mosquito population until close to 100 percent of all mosquitoes had the Wolbachia infection ? and so we presume, greatly reduced ability to transmit dengue between people," O'Neill told me.

That was enough success for me to do a short news story about O'Neill's work. But I knew there was more. I convinced my editor to let me go to Australia to learn more about O'Neill and his big idea.

'Incredibly Frustrating Work'

One of the first things I learned when I got to his lab at Monash University in Melbourne was a surprise: It had taken O'Neill 20 years to get his big idea to work.

"You know, I was incredibly persistent in not wanting to give this idea up," O'Neill said. "I thought the idea was a good idea, and I don't think you get too many ideas in your life, actually. At least I don't. I'm not smart enough. So I thought this idea was a really good idea."

The problem was that O'Neill couldn't figure out how to infect mosquitoes with Wolbachia. Remember, a Wolbachia infected mosquito can't transmit dengue.

You can't just spread Wolbachia bacteria around and hope the mosquitoes catch it. Instead, you have to puncture a mosquito egg or embryo about the size of a poppy seed with a hair-thin needle containing the bacteria, peering through a microscope the entire time so you can see what you're doing.

"It's incredibly frustrating work," O'Neill says.

His colleague Tom Walker spends hour after hour, day after day, trying to inject the embryos. Even though he's become an expert at this, Walker can do no more than 500 a day.

Then the scientists have to wait a week until the adult mosquitoes emerge to see if any are infected with Wolbachia. Walker says in this latest round of work he's injected 18,000 eggs ? with nothing to show for it. "The success rate is very low," says Walker, in something of an understatement.

"We don't have any windows that can open in this building, so people like Tom can't jump out of them," O'Neill adds with a laugh. He sounds like he's only half kidding.

The good news is that if you can manage to get the bacteria into even one mosquito, nature will take care of spreading it for you. Any mommy mosquito that's infected will also infect all her darling offspring, all 100 or more of them. And when those baby mosquitoes become mature in about 10 days, the new mommies among them will pass Wolbachia to their babies. Pretty soon, everybody who's anybody in that mosquito community is infected.

Success: 'A Significant Impact On Dengue Disease In Communities'

Now as I said, O'Neill has been pushing this idea of using Wolbachia to control dengue for decades, for a most of that time without any success. I asked him what it takes to stick with something for that long.

"I think being obsessive," he replied. "Being maybe a little ill in that regard. And it's just that I seem to have focused my obsession onto Wolbachia instead of on to postage stamps or model trains."

And even though his obsession has brought him to the point where he's shown he can get his Wolbachia-infected mosquitoes to spread in the wild, that's not the success he's ultimately after. "Success for me is having a significant impact on dengue disease in communities," he says.

To do that, he'll have to release his mosquitoes in a place where there's a lot of dengue, and then see if that brings down the number of cases of the disease in humans. Those studies are being planned now.

The stakes are high. By some estimates, more than a billion people around the world are at risk for getting dengue. Even if it doesn't kill you, I'm told a case of dengue can make you feel so bad, you wish you were dead.

"[It's] pretty much the worst disease I've ever had. It was not fun," says Steven Williams, a tropical disease researcher at Smith College in Northampton, Mass. Williams was bitten by a dengue mosquito while on a trip to French Polynesia. He says for 10 days he had a high fever, horrible headache and terrible pain in his muscles and joints.

One other delightful thing about dengue: There are no specific drugs to treat it. "You basically just have to ride it out," says Williams.

Moments Of Triumph, With Trepidation

With no cure and no vaccine, O'Neill's Wolbachia-infected mosquitoes could make a huge difference. Although proving that is still years off, there have been moments of triumph in the 20-year slog that's brought him this far.

Take the day in 2006, when one of O'Neill's graduate students told him he thought he'd finally succeeded in infecting a dengue mosquito with Wolbachia.

I figured this must have been a red-letter day for O'Neill, a day of sheer elation. He told me looking back on it, it was. But at the time it didn't seem that way.

Releasing Mosquitoes To The Wild

"Because you're so used to failure that you don't believe anything when you see it," he says. "And so you can think back to when there was a Eureka moment, but at the time, you're probably, 'This looks good but I've been burnt thousands of times before. Let's go and do it again, and the do it another time, and check and check and make sure it's actually real.' "

O'Neill says the day his team really enjoyed was last year when they tested to see if their mosquitoes would take over from the other mosquitoes in the wild.

O'Neill's colleague Scott Ritchie recorded the event for posterity on his cellphone.

That got me interested in O'Neill's work last summer. He and his colleagues have now completed a second release, and the results are looking promising. But O'Neill says it's not yet time to celebrate.

"We've got some good preliminary data, and we're on the path. And it's looking good. But you know I am a realist. It could fall over at any day," he says.

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Sony launches web store for e-Books, Android app also gets refresh

Sony launches web store for ereaders, Android app also gets refresh

Sony has decided to join the web-based shopping party, launching an online reader store for its e-inked devices and companion apps. Any e-Books purchased will arrive ready-to-read on the Reader app or other suitably wireless device, with titles also working on any Adobe DRM-supported apps and devices. Sony's Reader app has benefited from a UI redesign, the addition of a landscape view and improved stability. Hit up the source to grab the update -- before your phone tells you to.

Continue reading Sony launches web store for e-Books, Android app also gets refresh

Sony launches web store for e-Books, Android app also gets refresh originally appeared on Engadget on Wed, 06 Jun 2012 10:31:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceGoogle Play, Sony Blog  | Email this | Comments

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Tesla delivers first Model S a little early, EVs take a big step forward

Tesla delivers first Model S a little early, EVs take a big step forward

Tesla had originally pegged the Model S' first delivery for June 22nd. At least one owner, though, is getting an early treat: one of venture capital firm Draper Fisher Jurvetson's namesake managing directors, Steve Jurvetson, just picked up his red-hued EV sedan in the San Francisco Bay Area. He can also rightfully claim to have the very first production Model S anywhere, as he's since posted photographic proof on Flickr that his car was the earliest to have completed the factory run. The arrival is no doubt a milestone for taking purely electric cars into the mainstream. Even so, we'll admit that we're just hoping Jurvetson shares what it's like to live with Tesla's four-door -- both out of curiosity as well as a vain attempt to live vicariously through someone who's had more than a test drive.

Tesla delivers first Model S a little early, EVs take a big step forward originally appeared on Engadget on Tue, 05 Jun 2012 17:56:00 EDT. Please see our terms for use of feeds.

Permalink Business Insider  |  sourceFlickr, Twitter  | Email this | Comments


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[NEWS] Kim Tae Hee reveals her marriage views ~ Daily K Pop News

Actress Kim Tae Hee revealed her views on marriage.

On June 4th, a special event ?Picnic With Kim Tae Hee and Elastine? was held in Seoul. During the event, the new Elastine model Kim Tae Hee spent some time with her fans.

On this day, the actress remarked, ?Relationships, marriage and pregnancies don?t happen according to plan. I just don?t want to get married when I?m too old.?

?I think getting married before forty would be good. I still have some time.?

?Picnic With Kim Tae Hee and Elastine? was arranged for Kim Tae Hee to get closer to her fans in modeling for shampoo brand Elastine after 11 years of modeling done by Jeon Ji Hyun.

A hair class was also held to show those who participated how to take care of their hair and scalp as well as styling hair.

Source: hancinema

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