In 1532, the Inca Empire ruled over almost the entire Western half of the South American continent, from Southern Colombia through Peru to the southern tip of modern-day Chile. It had between 6 and 9 million inhabitants. Upon his arrival at Cajamarca, Francisco Pizarro captured the Inca leader, Atahualpa, rather than fight an army of thousands.
With the leader taken out, Pizarro was able to conquer the entire Inca Empire with just 169 soldiers.
Like the once-mighty Incas, we have lost our market leaders this spring one by one. In like fashion, we’ve seen the indexes fall into a listless submission as the stocks we once looked to for higher highs can no longer rally their brethren…
Apple is some $30 off its high (10%) for the first time in, well, I can hardly remember. The usual concerns about Steve Jobs’ health have been compounded with the sense that Google‘s Android is going to give iPhone a serious run for its money.
Speaking of Google, the company is now in the throes of a mid-life crisis way earlier than anyone expected…and it’s ugly to watch. While the company continues kicking ass in search and ads, the unstoppableness and swagger are gone, too much inertia for too long.
We’ve lost the silver miners too, even as the price of the metal itself continues to climb. Psychologically speaking, this is a tough loss for the bulls – the silver names were the real firepower in the commodity-related equity patch. First we got the surprise resignation of Silver Wheaton‘s CEO then we got news out of Bolivia that the government was going to start nationalizing mines to appease the envious unions. Silver names Coeur D’Alene and Pan American Silver were slammed even as they had just broken out after months of grinding toward their ’08 highs.
Brazil and China are now quietly beginning their own inflation battles. The related ADRs are nowhere in terms of year-to-date performance. Monetary and fiscal tightening in the BRIC countries has taken an entire swathe of leadership names out of the race.
The Cloud Computing sector has gone from momentum nirvana to mass grave in less than two months. The hottest of the hot have succumbed to diminished expectations since the Akamai shock in mid-February. F5 Networks, Riverbed and other Cloud leaders have now undergone substantial corrections. Inspiration for the other techs will not soon come from this group in its current condition.
Finally, as tensions appear to be subsiding in the Middle East, we lose the most important leadership group of all: Energy and Oil Services, the best performers of 2011 so far. The XLE has undergone a quick-n-dirty retracement this week along with the entire nat gas, solar, oil sands and coal complex. As always, the gains are erased much more quickly than they were created as crude pulls back from 111 to the low 100’s. Even stalwart commodity lover Goldman Sachs is getting off the horse. They’ve put out a series of negative notes on the hard assets trade this week with the warning that commodities will underperform for the next 3 to 6 months.
The bears have been tearing down the leaders of this tape in a systematic and unmerciful fashion for the last few weeks. Even Netflix, OpenTable and Ford could see their influence wane should the assassinations continue. In the absence of new leadership or a resumption of fortitude in the Apples and Oils, it’s tough to expect much progress going forward for the broader market.
رفع ارور 1009
Hey there, I feel your site may well be possessing browser compatibility concerns. When I appear at your web site in Safari, it seems to be wonderful but when opening in Net Explorer, it has some overlapping. I just desired to give you a quick heads up…
Belize inn
[…]always a major fan of linking to bloggers that I like but do not get a good deal of link like from[…]
رفع ارور 1009
My developer is trying to persuade me to transfer to .web from PHP. I have usually disliked the idea because of the charges. But he’s tryiong none the less. I’ve been making use of Movable-type on a amount of internet sites for about a year and am nerv…
gym glamour
[…]please take a look at the web sites we comply with, such as this one particular, because it represents our picks from the web[…]
wesite development mauritius
[…]Every after inside a while we pick out blogs that we study. Listed below would be the most recent internet sites that we select […]
رفع ارور 1009
Many thanks once more for the blog post.Actually thank you! Wonderful.
تبلیغات در صفحه اول گوگل
Hey! I know this is somewhat off topic but I was pondering if you knew where I could get a captcha plugin for my remark sort? I’m using the very same site platform as yours and I’m possessing problems obtaining 1? Many thanks a lot!
رفع ارور 1009
I’m actually taking pleasure in the style and format of your website. It’s a quite straightforward on the eyes which helps make it a lot far more nice for me to come right here and visit far more typically. Did you employ the service of out a developer…
تبلیغ در گوگل ادوردز
make sure you check out the websites we adhere to, this sort of as this one particular certain, as it represents our picks via the web
vpn ایفون
Fantastic tale, reckoned we could merge several unrelated knowledge, nevertheless really actually well worth using a search, whoa did 1 certain master about Mid East has acquired a whole lot more problerms also
cctv
Sohan is also currently being accused of leaving the jurisdiction in December last 12 months without authorization.
PHP login script
[…]here are some links to web-sites that we link to because we assume they may be worth visiting[…]
cctv
My developer is making an attempt to persuade me to go to .web from PHP. I have often disliked the thought due to the fact of the expenses. But he’s tryiong none the considerably less. I’ve been using Movable-type on a quantity of sites for about a yea…
سرور مجازی فرانسه
[…]we like to honor many other web websites on the internet, even when they arent linked to us, by linking to them. Beneath are some webpages worth checking out[…]
سیستم حفاظتی
Many thanks for an additional insightful net website. The area else could I get that sort of details composed in this kind of an best method?I have a enterprise that I’m just now working on, and I have been at the look outfor this sort of data.