Big Story of 2012: Stampede Out of Bonds into Stocks ?

Investor’s first read – Brooksie’s edge before the open

Thursday, January 12, 2012      9:09 a.m. ET

DJIA: 12,449.45        S&P 500: 1292.48

Stampede out of bonds into stocks ?  Unlikely, according to most of what you read and hear, but you better acknowledge it CAN HAPPEN. The ingredients are in place for a surprise.

TODAY:  Both the DJIA and S&P 500 hit my support level and bounced back, suggesting buyers are there. At 3:a.m. ET this morning, the U.S. stock-index futures were down, at 6 a.m. they are up – not bad for a nervous market. Some of the buying we are seeing so far in 2012 is reinvestment of cash raised from year-end selling, some of it is cash designated for initial investing in the new year. Is this a distortion, or smoke screen for heavy selling that may come in later this month ?

Too early to tell, but what I see in individual charts is positive – steady buying, buying on dips or after brief consolidations.

POSITIVES :

Spain sold 9.98 billion euros of  2015 and 2016 bonds yesterday at 3.384 percent vs. a rate of 5.187 percent  for comparable bonds in December. It sold two times as many bonds as expected. Italy sold 12 billion euros of t-bills, 8.5 billion euros one-year bill at 2.735 percent vs a rate of 5.952 in its last auction.

   Bank stocks had a good day.  Three in particular traded on above average volume: Bank of America ( BAC ) +3.62%, Citigroup ( C ) + 4.23% and SunTrust ( STI ) +2.88%.

Half of the 30 Dow stocks advances and 28 of the 39 leading Nasdaq stocks advanced. More stocks advanced on the NYSE than declined. Advancing issues have been beating declining issues since late December.

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PLEASE READ THE COMPLETE JOB POSTING BEFORE CALLING. . .

What's In It for You?

Crescent strongly believes its sales representatives play a vital role in the success of the company. We typically sign-up 1,500-2,000 new customers a month, all as a direct result of our sales reps meeting directly with the owner of the business. As a result, we reward our sales agents:

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About the Job:

Crescent Processing Company is looking for more sales reps to add to its team of over 300 people across the United States. Crescent processes credit card and other electronic payments for over 50,000 small businesses in all 48 lower states, so we need additional sales agents IN THE Detroit area to help us get in front of more merchants! Here is what the job entails:

* Monday through Friday, from 9AM to 5PM, FULL TIME.
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