QE2 was a failure according to some economist. Asset price inflation creates distortions in the market place. Others still maintain that it did well in boosting confidence and was a better solution than the Fed saying and doing nothing…

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Just Go With a Flat Tax in a Consumption Based Economy

Tue Jun 28, 2011 1:08pm EST Comments Off on Just Go With a Flat Tax in a Consumption Based Economy

Top Banks Get a Second chance in Court Against MBIA

Tue Jun 28, 2011 1:00pm EST Comments Off on Top Banks Get a Second chance in Court Against MBIA

The lawsuit revival allows top banks to sue MBIA over their restructuring; which banks say caused $5 billion in losses to policy holders.

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Burrito Scam: Spreadtrum Communications, ($SPRD,) Tanks in the Cross Hairs of Muddy Waters

Tue Jun 28, 2011 12:27pm EST Comments Off on Burrito Scam: Spreadtrum Communications, ($SPRD,) Tanks in the Cross Hairs of Muddy Waters

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Here is Why You Probably Need Not Worry Over Greece

Tue Jun 28, 2011 12:06pm EST Comments Off on Here is Why You Probably Need Not Worry Over Greece

Something will have to be done !

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LinkedIn Gets Underwriter Treatment

Tue Jun 28, 2011 11:42am EST Comments Off on LinkedIn Gets Underwriter Treatment

All four underwriters started coverage on LNKD today with price targets ranging from $85 to $92.

That’s odd. If they feel the stock is worth that much, than why bring it public at $45?

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Crack Spreads Rip Higher

Tue Jun 28, 2011 11:30am EST Comments Off on Crack Spreads Rip Higher

Spreads are up nearly 7% to $27, erasing last weeks decline.

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Early ETF Winners

Tue Jun 28, 2011 10:30am EST Comments Off on Early ETF Winners

No. Ticker % Change
1 ERX 5.65
2 DIG 3.80
3 SGG 3.39
4 LBJ 3.12
5 DAG 2.89
6 RUSL 2.75
7 MWJ 2.74
8 XIV 2.73
9 OIH 2.72
10 IEZ 2.69
11 XES 2.60
12 JO 2.47
13 TNA 2.42
14 UVG 2.32
15 TYH 2.26
16 BGU 2.25
17 PXJ 2.24
18 UPRO 2.20
19 RETL 2.17
20 CUBA 2.17
21 UCO 2.15
22 BNO 2.12
23 CU 2.07
24 CQQQ 2.07
25 TQQQ 2.06

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Today’s Early Winners/Losers

Tue Jun 28, 2011 10:29am EST Comments Off on Today’s Early Winners/Losers

2 TELK 14.55
3 YOKU 14.19
4 CYAN 13.96
5 FBP 13.26
6 TBSI 12.38
7 KUTV 11.80
8 CAGC.PK 11.25
9 ISS 11.13
10 EMKR 11.11
11 GEDU 10.97
12 DDSS 10.77
13 CIIC 10.70
14 ALN 10.16
15 LNKD 10.02
16 WPRT 9.95
17 GKNT 9.95
18 ERII 9.77
19 CCIH 9.07
20 BPHX 8.82
21 FTWR 8.33
22 OVTI 8.20
23 MWW 8.03
24 ARWR 7.80
25 CXPO 7.76
26 PGNX 7.65
——————————–
2 YRCW -13.13
3 ROSG -12.91
4 AXK -11.83
5 KAD -9.88
6 WH -8.79
7 ASTI -8.76
8 PARD -8.70
9 ONAV -8.16
10 SINO -8.11
11 KGJI -7.69
12 SYSW -7.69
13 ANO -7.69
14 CUR -7.64
15 HIHO -7.33
16 BITA -6.69
17 QBC -6.62
18 CBAK -6.42
19 PCYC -6.40
20 COIN -6.25
21 XOMA -6.18
22 LZEN -6.06
23 KBX -5.81
24 DNN -5.71
25 ABAT -5.61
26 ZSTN -5.54

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Even a 10th Grader Can Distinguish the Truth

Tue Jun 28, 2011 9:50am EST 10

Hey jakegint please send us some good video’s on MON.

No press releases please.

[youtube:http://www.youtube.com/watch?v=p3UVYdRTQoU&feature=related 450 300]

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Google’s Android Celebrates 500k User Per Day

Tue Jun 28, 2011 9:30am EST Comments Off on Google’s Android Celebrates 500k User Per Day

Google says this number is growing at 4% a week…..

Full article

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Crack Spreads Move Higher by 2.23%

Tue Jun 28, 2011 9:27am EST Comments Off on Crack Spreads Move Higher by 2.23%

Trading at $25.74 up $0.56

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Case Shiller index Shows Modest Decline in Home Prices; Uptick From Last Month… Futures Turn Positive

Tue Jun 28, 2011 9:26am EST Comments Off on Case Shiller index Shows Modest Decline in Home Prices; Uptick From Last Month… Futures Turn Positive

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Upgrades and Downgrades This Morning

Tue Jun 28, 2011 8:56am EST Comments Off on Upgrades and Downgrades This Morning

Upgrades

DOX – Amdocs initiated with a Buy at Jefferies

V – Visa initiated with Buy at Jefferies

NRG – NRG Energy upgraded to Buy at Jefferies

TJX – TJX upgraded to Buy at Goldman

NYX – NYSE Euronext upgraded to Outperform from Market Perform at Keefe Bruyette

MDSO – Medidata Solutions tgt raised to $33 from $32 at Auriga

SPRD – Spreadtrum Comms initiated with a Buy at Jefferies

ITMN – InterMune assumed with a Buy at ThinkEquity

STX – Seagate Tech upgraded to Outperform from Sector Perform at FBN Securities

OVTI – OmniVision upgraded to Buy at Canaccord Genuity

CTSH – Cognizant Tech assumed with a Buy at Jefferies

EXAS – EXACT Sciences initiated with a Outperform at Wedbush

Downgrades

CSC – Computer Sciences assumed with a Hold at Jefferies

SIGA – SIGA Technologies target lowered to $15 from $17 at RBC Capital Mkts

ACN – Accenture assumed with a Hold from Buy at Jefferies

GPN – Global Payment initiated with Hold at Jefferies

DEO – Diageo plc downgraded to Hold from Buy at Citigroup

INFY – Infosys assumed with a Hold at Jefferies

CACI – CACI Intl assumed with an Underperform at Jefferies

PAYX – Paychex initiated with Hold at Jefferies

SAIC – SAIC assumed with a Hold at Jefferies

ABH – AbitibiBowater downgraded to Hold from Buy at TD Newcrest

MMI – Motorola Mobility downgraded to Underperform from Market Perform at BMO Capital

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Gapping Up and Down This Morning

Tue Jun 28, 2011 8:55am EST Comments Off on Gapping Up and Down This Morning

Gapping Up

SIGA +11.8%, AU +1.7%, WPRT +6.2%, NBG +2.2%, ALU +2.2%, GOLD+1.6%, SO +0.3%, PLUG +9.3%, GFI +2%, SNY +1.4%, PIP +8.7%, UA +1.7%, UXG +3.5%, LNKD +3.4%, CMG +0.5%, UBS +1.9%, LULU +1%, CS +1.2%, TJX +1.5%, AC+6.8%, NWBI +6.6%, NKE +4.5%, LINC +3%, SMSC +2.9%, YOKU +5.0%,

Gapping Down

NYMT -5%, SI -3.9%, EEP -2.6%, PHG -2.2%, DEO -1.4%, NOK -1.2%, SNH -3.5%,

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