It sucks.
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A good way to understand derivatives, but the author only asks the question if a bubble is about to burst without showing how we get there.
Comments »Statistics show a 84% correlation between stocks and indices; how does this effect your ability to pick equities and build a portfolio?
Comments »The Occupy Wall Street volunteer kitchen staff launched a “counter” revolution yesterday — because they’re angry about working 18-hour days to provide food for “professional homeless” people and ex-cons masquerading as protesters.
For three days beginning tomorrow, the cooks will serve only brown rice and other spartan grub instead of the usual menu of organic chicken and vegetables, spaghetti bolognese, and roasted beet and sheep’s-milk-cheese salad.
They will also provide directions to local soup kitchens for the vagrants, criminals and other freeloaders who have been descending on Zuccotti Park in increasing numbers every day.
As the kitchen workers met with the “General Assembly’’ last night, about 300 demonstrators stormed from the park to Reade Street and Broadway, where they violently clashed with cops.
Officers made at least 10 arrests when rowdy demonstrators refused to get out of the street and stop blocking traffic. A dozen cops on scooters tried to force them back to the sidewalk.
There were no reported injuries.
The demonstrators said they were angry over the violence in Oakland.
After making their way to Union Square, many of the protesters returned to Zuccotti.
The Assembly officially approved the three-day menu crackdown announced earlier in the day — insisting everybody would be fed something during that period.
Some protesters threatened that the high-end meals could be cut off completely if the vagrants and criminals don’t disperse.
Unhappiness with their unwelcome guests was apparent throughout the day.
“We need to limit the amount of food we’re putting out” to curb the influx of derelicts, said Rafael Moreno, a kitchen volunteer.
A security volunteer added that the cooks felt “overworked and underappreciated.”
Many of those being fed “are professional homeless people. They know what they’re doing,” said the guard at the food-storage area.
Today, a limited menu of sandwiches, chips and some hot food will be doled out — so legitimate protesters will have a day to make arrangements for more upscale weekend meals.
Protesters got their first taste of the revolt within the revolt yesterday when the kitchen staff served only peanut butter and jelly sandwiches and chips after their staff meeting.
Organizers took other steps to police the squatters, who they said were lured in from other parks with the promise of free meals.
A team of 10 security volunteers moved in to the trouble-prone southwest section of Zuccotti Park in a show of force to confront them.
“We’re not going to let some members of this community destroy the whole movement,” a volunteer said.
Some arguments broke out as the security team searched tents — but no violence erupted.
Overall security at the park had deteriorated to the point where many frightened female protesters had abandoned the increasingly out-of-control occupation, security- team members said.
Rumors swirled that one homeless man had pulled a knife in a dispute the night before — and that there had been yet another case of groping.
But protesters and a cop on duty told The Post that most of the crime goes unreported, because of a bizarre “stop snitching” rule.
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Upgrades
URBN – Urban Outfitters upgraded to Buy from Neutral at Citigroup
APKT – Acme Packet added to buy list at Deutsche Bank
CSCO – Cisco Systems upgraded to Buy from Neutral at UBS
MOS – Mosaic initiated with Sector Performs at RBC Capital
POT – Potash initiated with Sector Performs at RBC Capital
AGU – Agrium initiated with an Outperform at RBC Capital
TJX – TJX target raised to $70 from $60 at Stifel Nicolaus
HSP – Hospira upgraded to Buy from Neutral at BofA/Merrill
OC – Owens Corning upgraded to Buy at Stifel Nicolaus
CETV – Central European Media upgraded to Buy from Neutral at BofA/Merrill
NSC – Norfolk Southern target raised to $88 from $85 at Stifel Nicolaus
Downgrades
BAC – Bank of America downgraded to Equalweight at Morgan Stanley
V – Visa downgraded to Mkt Perform at FBR Capital
PNRA – Panera Bread downgraded to Neutral from Buy at Sterne Agee
PNR – Pentair downgraded to Neutral from Buy at Suntrust
CNP – CenterPoint downgraded to Neutral from Outperform at Macquarie
CVH – Coventry Health Care downgraded to Market Perform from Outperform at Bernstein
MWV – MeadWestvaco downgraded to Underperform from Outperform at BMO Capital
NEWP – Newport target lowered to $21 from $25 at Stifel Nicolaus
EAT – Brinker downgraded to Underperform from Neutral at Sterne Agee
ANN – AnnTaylor removed from Top Picks Live list at Citigroup
HCC – HCC Insurance downgraded to Market Perform from Outperform at Keefe Bruyette
POR – Portland Gen Elec downgraded to Neutral from Outperform at Macquarie
LHCG – LHC Group downgraded to Neutral from Buy at Suntrust
UBSI – United Bankshares downgraded to Hold at Stifel Nicolaus
ARX – Aeroflex downgraded to Neutral from Overweight at JP Morgan
BTU – Peabody Energy target lowered to $50 from $65 at Stifel Nicolaus
HS – Healthspring downgraded to Hold from Buy at Jefferies
PUK – Prudential Plc initiated with a Hold at Jefferies
PX – Praxair downgraded to Underperform from Buy at BofA/Merrill
DPS – Dr Pepper Snapple downgraded to Underweight from Equal Weight at Morgan Stanley
TMO – Thermo Fisher downgraded to Neutral from Buy at Lazard
FIO – Fusion-io downgraded to Hold at Stifel Nicolaus
Comments »Gapping up
The entire world;
NVLS +3.3%, CDNS +3.3%, HBC +3.2%, LLNW +5.2%, OTEX +5.2%, SFSF +5%, BAC +4.7%, EXXI +4.7%,
CMRE +4.3%, MS +4%, NSC +3.9%, STD +3.6%, ISIL +2.7%, DB +14.7%, AKAM +12.7%, PEIX +11.8%, ING +7.8%,
FRO +7.7%, BCS +7.6%, UBS +6.6%, DCTH +6.5%, CS +6.1%,AIXG +6%, IDCC +5.9%, RBS +5.5%, SKX +5.4%,
Gapping down
bearish portfolios
V -2.2%, LSI -2%, VALE -0.7%, LOGM -4.8%, AGNC -3.5%, GPRE -3.2%, CA -2.4%, SYMC 2.3%, ESIO 15.7%,
AXTI -15.5%, HGR -15.4%, MDR -14.6%, TQNT -13.5%, ACOM -9.2%,
SFLY -7.8%, BMC 7.4%, FOE 7.3%, EQIX -5.3%,
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