Both Italian and Spanish 10 yr Yields Close at Lows

Spanish a touch under 5% and Italian at 5%, both pre-crisis levels.

Developing…

From competing with Goldman to selling  divisions

Things look a little grim. The worry is how will Europe grow out of these problems.

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Despite a nice follow through bank stocks look ill today.

[youtube:http://www.youtube.com/watch?v=bSMsecpsDnA 450 300]

The mandate exceeds congress’ authority.

History points to a recession when the price of oil and global economic output hit the levels we are currently at.

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No. Ticker % Change
1 XOMA 38.62
2 ZA 25.89
3 CHGS 20.16
4 MNKD 19.83
5 ROIAK 19.20
6 SHP 18.31
7 MOBI 17.92
8 VTRO 17.65
9 CLWR 17.61
10 FACE 17.02
11 TXCC 16.74
12 DCTH 16.11
13 FXCM 15.17
14 KNDI 14.89
15 MOTR 14.83
16 OPXA 14.40
17 CCRT 13.97
18 HEAT 13.33
19 MCP 12.98
20 SLTM 12.68
21 AXK 12.54
22 SOQ 12.45
23 CYTR 11.97
24 NURO 11.82
25 ZHNE 11.66

I’ve been accused of smelling the roses too much. The way i look at it is you never know when your gonna go so you might as well have spent your time in the sun, mountains, water, and of course the golf course.

Gold mining vacations become incredibly popular

Let’s hope not since it would hinder small biz almost entirely…

Don’t fuck this up you tea party goers….

The bulls will like this

That will help the economy…..i’m at a loss for words

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The fed feels it will have no material impact on reserves…

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If i remember correctly about 55-63% of the nation live in the cities where there is a better standard of living and income.

Can we say we are healthy when nearly half our citizens are hurting ?

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The recent economic malaise has caused corporations to refinance debt rather than pay it off. Even larger cash flow positive companies have done the same. The only difference with larger companies is that they have cash on hand.

Yields are creeping up for corporations to access debt and junk bond have now topped 12%.

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Out of 15 defaults 12 of those instances carried a B or better rating within a year of actual default. This rating only has a 2% probability of default.

What does this mean for the U.S. credit rating ?

Chart chompers delight