S&P May 6 ratings actions

Securus Holdings Inc.’s Proposed First-Lien Credit Facility Rated ‘B+’; Second-Lien Term Loan Rated ‘CCC+’ 06-May-2011
14:36 EST

Ukrainian Agricultural Producer Agroton Assigned ‘B-‘ Long-Term Rating; Outlook Stable 06-May-2011
04:24 EST

A larger than life move in the 321 crack spreads is taking place right now, now up a staggering 6.9% to $29. We are now approaching 5 year highs.

Related: Gasoline is up more than 2%.

However, there is a “crisis meeting” taking place in Luxembourg.

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“The rush for merchandise celebrating the killing of Osama Bin Laden has seen one young entrepreneur make $120,000 in less than two days.

Maurice Harary, 23, set up his T-shirt website Osamadeadtees.com as soon as he heard that the former Al Qaeda leader had been shot by U.S. Navy Seals on Sunday night.

The New Yorker raced home to his apartment to work on building the website on Sunday night and it was ready to go live at 3.30am on Monday morning.”

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Not to be a jerk; I’m glad we had decent job creation, but is MCD going to being hiring ?

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“NEW YORK (CNNMoney) — Round-trip airfare from New York to Los Angeles. More than a dozen dinners for two at Applebee’s. Two 16 GB iPod nanos.

These are just a few of the things you could have bought if you weren’t spending $368.09 a month on gasoline.

That’s the average amount American households spent on gas in April, according to an exclusive analysis of data by the Oil Price Information Service for CNNMoney.

The study, which compared average gas prices with median incomes nationwide, also showed that U.S. households spent nearly 9% of their total income on gas last month.”

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Are prices engineered ? Seems like there is good evidence for this statement. Better get congress on it since they have investigated the financial crisis to death, found people guilty of violating the RICO ACT, and have indicted no one…..

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1 PSLV 8.82
AGQ 8.17
2 ERX 7.28
3 EDC 6.92
4 LBJ 6.03
5 XIV 5.17
6 DIG 4.74
7 NUGT 4.70
8 GDXJ 4.67
9 UCO 4.56
10 XPP 4.36

Another 900k were turned down says MCD.

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Looks okay…the pace is slowing

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“Conservative economists, commentators, and politicians are blasting a draft Obama administration plan that envisions using Big Brother-like tracking devices on private cars to tax drivers on how many miles they travel.

The new tax scheme, designed to help fund transportation spending, would determine your mileage by installing electronic equipment on your car. This would involve monitoring your location and how far you’ve traveled. ”

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“(Reuters) – Intel’s latest manufacturing breakthrough sends a clear warning to rival ARM Holdings not to get too complacent with its overwhelming lead in the red-hot mobile arena.

But although hailed by Intel as an unprecedented advance in performance and power reduction, its new three-dimensional chip process hardly ensures it can make headway in a market lorded over by its British rival.

“This gives Intel a big advantage over the ARM ecosystem but they have to serve up the right products to capitalize on it,” said Real World Technologies analyst David Kanter. “Intel has to do more to develop its ecosystem because it’s swimming against the tide.””

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“(Reuters) – Fund managers investing in commodities futures and commodity-related stocks see this week’s sell-off as a short-term dip before the prospect of tightening supplies drives a further rally.

Selling began in earnest on Thursday after weak economic data raised expectations of reduced commodities demand. It continued on Friday, taking one of the hardest-hit, silver, down almost 30 percent since the start of the month.

Brent crude, which hit a two-and-half-year peak above $127 last month, has fallen around 16 percent from April’s close to a session low on Friday of $105.15 a barrel.

The 19-commodity Reuters-Jefferies CRB index rose by 0.3 percent in early trade on Friday after falling 5 percent on Thursday, its fifth biggest one-day fall on record, as traders and global macro hedge funds took profits.”

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UBS upgrade Sky Mobile, MOBI, with a $20 price target…

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No joke this is silly…

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Good thing to be here vs overseas in a more volatile market place affected by food prices….

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Now more than $12 wide or 12.5%

Trading @ $27.84