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Source: http://forums.ferra.ru/index.php?showtopic=55230
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Stocks kicked off the second quarter on a sour note Monday following a weaker-than-expected ISM manufacturing report and as investors took a breather after the S&P 500 finally broke through its record close last week.
The S&P 500's decline marks the first time since the fourth quarter of 2011 that the index has been down on the first trading day of a quarter.
(Read More: Second Quarter Begins, Markets Are Slightly Defensive)
"It's unlikely that the first quarter is going to repeat itself in the second quarter," said Stephen Wood, chief market strategist at Russell Investments. "We're right at our numbers...so right about here, [we expect] some volatility to the end of the year. There seems to be a mismatch between fundamentals and sentiment and momentum."
The Dow Jones Industrial Average ended in the red, dragged by Intel and Alcoa.
The S&P 500 and the Nasdaq closed lower. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped near 14.
Despite the weak session, April has traditionally been the best month of the year for equities, posting an average monthly gain of 2.7 percent in the last 20 years. Also, the Dow hasn't logged a decline in April since 2005.
(Read More: After April Showers, Market Could Bounce Back)
Most key S&P sectors finished in the red, led by industrials and materials.
The S&P 500 pierced through its 2007 closing high level of 1,565.15 last Thursday, recovering all its losses from the financial crisis. The next milestone for the index is its all-time intraday high of 1,576.09, set on October 11, 2007.
Meanwhile, the Dow surged more than 11 percent in the first three months of the year, posting its strongest quarter since 1998.
Strategists say a strong first-quarter performance usually implies a bullish year.
"Since 1945, whenever the S&P 500 recorded a positive performance in the first quarter, the average performance for the three remaining quarters improved by an average 1.2, 1.1, and 0.4 percentage points, respectively," wrote Sam Stovall, chief equity strategist at S&P Capital IQ, "In addition, the entire rest of the year saw its average return of 6.1 percent rise to 8.9 percent, or be improved upon by 2.8 percentage points."
But following the strong quarter, some strategists say investors should brace for a correction in the short term.
"Traders and investors should continue to keep an ear open for any new developments related to the events in Cyprus, even though the panic and contagion was largely contained when the banks reopened last week," according to Randy Frederick, managing director of active trading and derivatives at Charles Schwab, "From a technical standpoint, the S&P 500 is likely to consolidate around the old record high of 1,565 in the near-term, and any weakness would likely find support near 1,546."
Trading was on the lighter side as most European and some Asian markets, including Hong Kong and Australia, remained closed for Easter.
(Read More: Cramer: 3 Threats to Market Rally)
On the economic front, the manufacturing sector unexpectedly slowed in March, with the index falling to 51.3, missing expectations for 54.2, according to a Reuters poll. A reading above 50 indicates expansion in the sector.
Meanwhile, construction spending rebounded in February, rising 1.2 percent to an annual rate of $885.1 billion, according to the Commerce Department, signaling faster economic growth in the first quarter. Economists surveyed by Reuters had expected a gain of 1 percent, compared with a 2.1 percent drop in January.
Among techs, Apple declined after CEO Tim Cook apologized on the company's Chinese website for confusion over its warranty policy following heavy criticism in the Chinese media of its after-sales service. Apple said it has "improved" its repair policy for the iPhone 4 and 4S models in China, and plans to increase the "supervision and training" of authorized service providers.
Separately, Fidelity's Contrafund revealed that rival Google has replaced the iPhone maker as the firm's largest holding, according to a filing. Shares of Google have outperformed Apple over the past year by about 50 percent.
Ebay climbed after the online auction company said it expected annual earnings growth of 15 percent to 19 percent over the next three years, and is targeting an increase in revenue of as much as 68 percent for the period. At least six brokerages raised their price target on the company.
Novartis declined after the pharmaceutical company lost an attempt to win patent protection for its cancer drug Glivec in India.
Tesla Motors zoomed higher after the maker of electric cars said sales of its Model S topped expectations set in February, leading to a change in its first-quarter guidance to full profitability. Investors will also be watching for "really exciting" news due Tuesday, following last week's tweets from CEO Elon Musk.
Later this week, the ISM services sector report will be posted on Wednesday and the closely watched non-farm payrolls report will be released on Friday.
(Read More: Will the Jobs Report Keep the Bulls Running?)
?By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
? 2013 CNBC LLC. All Rights Reserved
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As per usual, Google put out various, elaborate April Fools Day jokes, which only reminded everyone how much time and money the tech company has to spend on projects that aren't core products like, ahem, Google Reader.?For those too busy to follow along, The Next Web has a running list of the myriad pranks. And while some of the antics, like the pirate treasure map,?are harmless and cute, others hit too close to home.
Source: http://news.yahoo.com/china-expresses-regret-north-korea-restarting-nuclear-plant-071610397.html
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Yes, frying adds fat to your food. But it likely doesn't add as much as you would expect. Cook's Illustrated conducted a test where they fried chicken in 3 cups of oil, and then poured off almost 3 cups of oil after all the chicken was cooked?meaning that very little was actually absorbed by the chicken itself. As long as you're keeping your oil hot enough?high heat ensures that the water in your food will boil, evaporate, and keep oil from seeping in?your food won't get overly soggy or greasy.
Neutral oil is best for frying, because it won't impart its flavor on whatever you drop into it. Refined peanut oil is preferred by many master fryers for its neutral taste, high smoke point, and low levels of saturated fats. Canola oil is another good option?you can even use olive oil if you're cooking at a low enough temperature, as in this recipe for tiny, crispy purple artichokes. Intrigued? Check out our post on oils and their varying smoke points for more information.
Solid fats, namely lard, are lauded by some for their ability to produce the perfect crisp fried chicken?see Pete Wells' treatise on rendered pig fat?but procuring enough lard to fill a large pot may require buying your own farm. We'll leave the decision up to you.
Success in the kitchen means arming yourself with the right tools, and frying is no different. A heavy-bottomed pot or deep saut? pan is the most traditional choice, but Serious Eats has discovered that woks make great vessels for deep frying, too. To make sure you're frying your oil at the right temperature, a clip-on thermometer is your best bet.
Don't have a thermometer? No problem. Oil that's ready for frying will bubble around the stick end of a wooden spoon when it's inserted. Alternatively, a piece of dried popcorn will pop in hot oil somewhere between 325 and 350 degrees?and will give you something to snack on while you cook.
Once you add food to your hot oil, the temperature will drop?therefore, you'll want to get it hot before cooking. Recipes may vary, but you'll want to preheat your oil to somewhere between 325 and 375 degrees. During cooking, you should aim to keep it between 250 and 325 degrees. Keeping your oil hot enough?but not too hot?will ensure crispy, golden, never-soggy results.
If your oil begins to smoke, you know it's too hot. This can impart bad flavor on your food, so if you see smoke, remove your pan from the heat carefully.
Frying in large batches will cause the temperature of your oil to drop too low, resulting in a less crispy (and, therefore, less delicious) finished product. Fry in small batches, and be sure to stir while cooking?this will fry your food more evenly. Frozen food should be cooked in very small batches in order to keep cooking temperatures level. Between batches, keep your oil clean by scooping out any pieces of food left behind.
Once your food is done, drain on a paper towel-lined plate; this will absorb more oil than draining it on a wire rack. And be sure to season your food immediately?after all, what is fried food without salt?
One of the biggest deterrents to deep frying is the fear of hot oil splashing all over your kitchen and your self. Armed with confidence and a few tips up your sleeve, you can keep your skin intact and your food crispy. While it's tempting to throw your food into the pot from afar to maximize the distance between yourself and the bubbling oil, this will actually increase the likelihood of splashing. Food dropped in from a short distance?either by a fearless hand close to the oil's surface or a slotted spoon or bamboo strainer?won't cause as much of a disturbance.
Don't want to pour hot oil down the sink? (You shouldn't.) Save your oil bottles, let your oil cool after you're done cooking, and pour it back into the bottles with a funnel. Seal them tightly and toss them in the trash.
If you're looking to conserve money and oil, you can safely store used oil for a few weeks after its first use. Be sure to strain out any lingering pieces of food?a fine mesh strainer is great for this. To keep your oil from smelling stale or fishy, keep it in as dark and as cold of a place as you can find. Cook's Illustrated suggests keeping your used oil in a very dark, very cold freezer for up to two months.
Ready to get frying? Try you hand with these recipes from Food52:
Baby Purple Artichokes Fried in Olive Oil
Rosemary-Brined, Buttermilk Fried Chicken
Deep Frying Without Fear Food52
Marian Bull is an editor at Food52. She takes any chance she gets to travel, explore, and eat. Coffee is the most anticipated part of her day. She expresses affection by feeding people. And she loves vegetables, especially chocolate.
Images via Food52.
Want to see your work on Lifehacker? Email Tessa.
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It was a one-two punch of wackiness as "Happy Endings" settled into its new Friday timeslot. The show will air back-to-back episodes until it completes the full episode order for its second season. After that, it's fate is up in the air. Even the show's own network is asking people to save it. But the best way to do that is by watching it, and only about 3 million people did that.
They missed out on a lot of fun, though. Hollywood.com said the show is worth staying in on Fridays for. This week saw Brad discovering his true passion after saving the children's gym he was working at -- Hello, David Alan Grier! -- while Penny and Max fought to control their relationships. They realized by texting their significant others so desperately, they were giving them all the power.
The solution? Black market cough medicine that knocks them out for 14 hours at a time. Unfortunately, they got addicted to the power -- and the Nochetussin -- to the point that Penny's fiance thought something horrible had happened to her.
The second episode saw Max pretending to be gay with a new girlfriend, played by Abby Elliott, simply to take advantage of the great tickets she can get to Bulls games and other events. That all fell apart, though, when he couldn't even go through with kissing her.
So it's still about messed up people doing crazy and unpredictable things. But in that way, they're totally predictable. And now, "Happy Endings" will be packing an hour of laughs into every Friday night, starting at 8 p.m. ET on ABC.
TV Replay scours the vast television landscape to find the most interesting, amusing, and, on a good day, amazing moments, and delivers them right to your browser.
Related on HuffPost:
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Source: http://www.huffingtonpost.com/2013/04/01/happy-endings-max-penny-texting-video_n_2990642.html
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