***RTRS: Italian 12-Month BOT auction for EUR 6.5bln, bid/cover 1.94 vs. Prev. 1.55 (yield 2.959% vs. Prev. 3.670%)***
Comments »Monthly Archives: August 2011
Flash: Europe Gives Up Gains; US Futures Fall
England +.3%
France -.4%
Germany +.7%
US Dow futures are down 109. European markets are significantly off the highs.
Comments »Flash: ECB in Secondary Market Buying Italian and Spanish Bonds
Yields are moving lower, with Italy at 5.11% and Spain at 5.02%.
Comments »Don Harrold: Data Outages During Yesterday’s Meltup (video)
[youtube:http://www.youtube.com/watch?v=IT33zBQaTxg&feature=feedu 616 500]
Comments »Flash: European Markets Higher on Open
England +1.3%
France +1.1%
Italy +0.8%
Germany +2.2%
Spain 1.25%
The House of Reeves Destroyed in London Riots
Flash: Crude Extends Gains
+2.72 to $82.02
Comments »Rumor: Baidu Interested in Tudou
Late Night Fun: A Satirical Twist of Reality
David Tepper Bets Big on Refiners
Aside from his monster VLO and CVI positions, he just reported a stake in WNR.
Comments »Flash: US Futures at Session Lows
Dow -58
NASDAQ -11
S&P -5.8
Flash: European Futures Point to Moderately Higher Indices
FTSE +46
CAC +10
DAX +34
Crack Spreads Have Been Unscathed During Recent Oil Plunge
Thanks to stronger than crude prices in gasoline, diesel and heating oil, 321 cracks have risen over recent weeks, up today by 0.5% to $34.25.
To put things into perspective, 321 spreads were $12 in the beginning of 2011.
Comments »Clam Genius
Rick Santelli’s S&P Downgrade Rant
[youtube:http://www.youtube.com/watch?v=K8UJ4ErmDRM 616 500]
Comments »The Clam Shows a Rocket in His Pocket
Marc Faber Raps: The Best Thing The Fed Can Do is Resign; Markets to Test July Lows of S&P 1010 With Relief Rallies
Jim Rogers: The Clam and Timmay Lead us Into Financial Armageddon
Intellectually speaking, i understand all of the concerns perma bears have; but it’s more fun to live on the edge….no ? That’s what we do right…America goes all in with crazy taste style.
Comments »“Perpetual ZIRP” ! Good or Bad ?
I want to live during inflationary times….don’t you ? Make hay while the sun shines.
Comments »Richard Koo Weighs in On S&P’s “Counter productive actions “
“…….These experiences demonstrate that during a balance sheet recession, when businesses and households are struggling to deleverage, the correct policy—fiscal stimulus—is exactly the opposite of what is needed under normal circumstances. Active application of stimulus will ultimately minimize the fiscal deficit.
Standard & Poor’s does not understand this and says America’s AAA* rating may be restored if the government succeeds in trimming its deficit by $4trn. The adoption of such a policy by the US government today would plunge the economy into another Great Depression…..”
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