How Global Stock Markets Stacked Up During Last Week's Big Rally

Image: Courtesy ESO/Martin Kornmesser

Major indexes posted solid returns this week as markets across the globe rallied. Some, including two in the U.S., saw year-to-date returns cross back into positive territory.

The approval of the EFSF expansion and the improving economic data out of the U.S. proved a major boon.

Look for market focus to shift to earnings over the coming weeks.

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GERALD CELENTE: Anyone Who Buys Into The Stock Market Now Is A Sucker

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Noted trend forecasted Gerald Celente says anyone who buys into the stock market at this point is a sucker. He tells King World News:

It’s like Bernie Madoff said, ‘The US is one big Ponzi scheme.’  From the king of Ponzi he knows what he’s talking about.  All they can say in the mainstream media is that it’s a buying opportunity as they sucker people back into these markets.  Did you ever here them say, ‘It’s a selling opportunity?’  Not one of them, they’re a bunch of whores.

He says Occupy Wall Street is a sign that people are starting to realize this:

“We are looking at a total global financial collapse and these collapses are not isolated to the financial community.  All things are connected and the people that are suffering the most are going to be out there the most (protesting).

You have these kids holding university degrees that are worthless.  They are $25,000 on average, up to $110,000 when you look at the numbers, in debt from getting a useless university degree.  Now what are they going to do?  They have to pay it back, they become indentured servants....

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Japanese Stock Market Jumps After Taking A Day Off

Sam Ro | Oct. 10, 2011, 8:37 PM | 61 |   x You have successfully emailed the post. After being closed Monday for Health-Sports Day, Japanese markets are joining the global rally. The Nikkei is up 2.0%.  Other Asian markets are following suit.

Korea's Kospi is up 2.3%. 

Australia's S&P/ASX is up 0.5%.

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Berlusconi Undersecretary Blames Stock Market Volatility On Cocaine

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Italian Prime Minister Silvio Berlusconi's Undersecretary, Carlo Giovanardi, said the Italian government is looking into the causes of recent stock market volatility. 

In the past, people have suggested that Italy's stock market is volatile because of the country's and its banks' contagion from the Eurozone crisis. In response, a new round of bank stress tests is expected to test banks' exposure to the crisis, and their survivability under worsening conditions.

Giovanardi has another explanation: drug test them for cocaine!

According to Bloomberg:

Carlo Giovanardi said the government will study if it’s feasible to conduct drug tests on stock- exchange traders, with the help of the Milan Bourse and the country’s market regulator. Giovanardi, who is in charge of family policy and drug prevention, said that the abuse of drugs including cocaine might explain part of recent stock volatility.

If you understand Italian, watch him suggest drug testing for cocaine below.  

Via Zerohedge

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CHART OF THE DAY: HP's Stock During The Leo Apotheker Era (HPQ)

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THE GOOGLE INVESTOR: Google Stock To Outperform Next 12-Months (GOOG)

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GOOG Sideways In Volatile Market
Markets are volatile today as European debt fears are keeping investors cautious. Shares of GOOG are trading sideways as well, mostly in the negative. Catalysts include continued Android momentum in the smartphone and tablet markets worldwide; Motorola acquisition approval and integration; regaining ground in China in search and pushing forward in mobile; any signs of life for Google TV (including Motorola); the roll-out of Google Music and social network Google+; and progress in other newer initiatives (location-based services, mapping, gaming, Chromebooks, etc.). The stock trades at approximately 11x Enterprise Value / EBIT, inexpensive relative to historical trading levels.

HTC In Market For Mobile Operating System, Could Limit Number Of Android Phones (AppleInsider)
Smartphone maker HTC has publicly stated it is considering buying its own mobile operating system platform, with HP's WebOS a potential option for acquisition. While the company has said Google made the "correct" decision to buy Motorola Mobility for its patent portfolio and the company became a direct beneficiary of the Google-Motorola deal when HTC filed a new lawsuit against Apple based on patents acquired from Google, having its proprietary operating system might limit the number of Android-based phones from the company. Or HTC could ditch Android completely.

Google Loses A Bit Of Search Market Share In August (Business Insider)
According to the latest search share data from comScore, Google lost a few basis points while Bing and Yahoo gained a few. Google's share was down 30bp month over month. This is good news for Bing however, overall, the big picture for the search landscape remains the same with Google's search share stuck around 65%, and Yahoo and Bing are in the 31% range.

Google Launches Daily Deal Aggregator In China (PCWorld)
Google launched a new portal in China that catalogs group buying deals, a return to activity there after pulling back from its operations in China more than a year ago. The site is called Google Shihui and was launched as a public beta. Shihui is an experimental search feature that aims to help people find deals through China's enormous number of group buying sites (4,000 according to analysts). It also worth noting that the new service is running on Google’s Chinese website “Google.cn”, rather than Google’s Hong Kong website.

Cramer Likes Google For His September Stock Picks (Seeking Alpha)
Jim Cramer is not concerned about Google's recent anti-trust issues. They have positions in mobile, social and cloud services. The company is currently a part of the broader market sell-off. Cramer thinks the fundamentals are solid. Google has a $170 billion market cap and trades at ~19x earnings.

Google To Outperform And Exceed 52-Week Highs In Next 12 Months (Seeking Alpha)
Google could exceed 52-week highs over the next 12 months. Google has made all the right moves to positively affect the future of its company. Google is on pace to post full year earnings that significantly outperform its record year in 2010. The stock has trended lower during the market's recent sell-off because of economic uncertainty. For Google's upcoming earnings report, expect insight into its plan for Motorola Mobility and other recent acquisitions.

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Stock Rally Underway Around The World

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