The power of fear and derivatives makes for a potent cocktail….
Comments »Yearly Archives: 2011
Finding a Leader For Greece Will Be Harder Than Expected
Euro Zone Will Let Italy Crash and Burn
“Financial assistance is not in the cards,” one euro zone official said, adding the euro zone was not even considering extending a precautionary credit line to Rome.”
Comments »Will Europe Hurt U.S. Companies ?
Flash: Here Come the Orwellians with First-Ever Nationwide Emergency Test
It’s Only a Test, but What a Test
By BRIAN STELTERAt 2 p.m. Eastern time on Wednesday all television channels and radio stations in the United States will be interrupted by a brief test of the nation’s Emergency Alert System.
Viewers and listeners are accustomed to hearing the tones and reminders — “this is just a test” — when the systems are activated locally each week by broadcasters. But government officials say the national system has never been tested before as a whole, nor has it ever been used in an emergency, allowing the president to address the public during a national emergency.
Officials said the nationwide test should last about 30 seconds as it digitally ripples across the country. Government agencies and media companies have sought to spread the word about the test so that it does sneak up on, and potentially scare, the public.
Michael Powell, the head of the Cable and Telecommunications Trade Association, wrote on Twitter, “No one wants a ‘War of the Worlds’ sequel!”
In a blog post, the trade association wrote: “Our message is simple: This is just a test of the system, and no action is required.”
The Federal Communications Commission and the Federal Emergency Management Agency are leading the effort to carry out what is formally called the Presidential Emergency Action Notification. The test “will allow
emergency personnel to assess and improve our alerting capabilities in the event of a crisis,” the White House wrote Tuesday in a blog post.
During the test, the on-screen text set up by the government will say, “This is an Emergency Action Notification.” It will not specify that the notification is only a test because officials want the test to duplicate actual alert conditions “as closely as possible,” according to an F.C.C. planning document. But voiceovers and other on-screen graphics will indicate that there is no need for alarm.
Planning for the test has not been without its hiccups. Last month, the cable trade association asked the government to postpone it because some cable systems appeared to be unable to include their won “this is just a test” graphics. Perhaps to alleviate their concerns, the government shortened the test to 30 seconds, after having planned for it to last for up to three minutes.
Television and radio stations will have to report back to the agency about whether they received the test message and whether they rebroadcast it. “We’re confident that the vast majority of local radio and TV stations will participate in the E.A.S. test, and that those tests will be successful,” a spokesman for the National Association of Broadcasters said.
Satellite distributors like DirecTV and cable distributors like Comcast will participate along with over-the-air stations. DirecTV said its customer service agents are prepared to answer questions from customers about the interruption, adding, “we expect the test to go smoothly.”
Internet connections are not included in the test.
Notifications about the test have been hard to miss — though some people surely will be surprised by it anyway. Public service announcements and graphics have run on local stations, messages have appeared on cable customer bills and Web sites and news segments have informed people about the plan.
What is now called the emergency alert system was first authorized in 1951 by President Harry Truman. It was first intended to inform Americans about an impending nuclear attack and was called CONELRAD, short for “Control of Electromagnetic Radiation.” The system was superseded by the emergency broadcast system, which was used primarily for local weather alerts and was replaced by the current emergency alert system in 1997.
The current system has never been turned on nationwide. After the terrorist attacks of Sept. 11, 2001, President George W. Bush addressed the nation through the major television networks without activating the emergency alert system. The networks were able to transmit Mr. Bush’s statements live on their own.
FLASH: Italian 10 Yr Yields Are Coming In
Now at 7.06%, down from 7.6%. It appears there is some intervention underway.
CORRECTION: yields are at 7.24%. Pardon my retardation.
Comments »FINRA Allowed Corzine to Practice Without Series 7, 24 Licenses
Early Lunch Break: Is Taxing the Rich is “Pro Fairness” ?
Worst Performing Financials
No. Ticker % Change Sector
1 MKTG -20.71 FINANCIAL
2 ING -11.96 FINANCIAL
3 HMPR -10.18 FINANCIAL
4 AEG -8.82 FINANCIAL
5 DB -8.78 FINANCIAL
6 BCS -8.55 FINANCIAL
7 DGIT -8.53 FINANCIAL
8 RDN -8.53 FINANCIAL
9 OCN -8.25 FINANCIAL
10 HBC -8.04 FINANCIAL
11 CS -8.03 FINANCIAL
12 PNSN -7.76 FINANCIAL
13 LMLP -7.56 FINANCIAL
14 STD -7.25 FINANCIAL
15 ENOC -7.08 FINANCIAL
16 BBVA -6.99 FINANCIAL
17 UBS -6.90 FINANCIAL
18 LIME -6.87 FINANCIAL
19 PUK -6.80 FINANCIAL
20 NBG -6.44 FINANCIAL
21 LYG -6.35 FINANCIAL
22 MS -6.29 FINANCIAL
23 ETFC -6.27 FINANCIAL
24 NCT -6.14 FINANCIAL
25 Z -6.09 FINANCIAL
26 JEF -6.03 FINANCIAL
27 CRD-B -5.72 FINANCIAL
28 RF -5.71 FINANCIAL
29 DRL -5.51 FINANCIAL
30 IRE -5.50 FINANCIAL
31 GRNB -5.47 FINANCIAL
32 LNC -5.47 FINANCIAL
33 KB -5.43 FINANCIAL
34 TAOM -5.28 FINANCIAL
35 JNS -5.26 FINANCIAL
36 PFG -5.25 FINANCIAL
37 MTG -5.21 FINANCIAL
38 PRU -5.19 FINANCIAL
39 PL -5.13 FINANCIAL
40 STI -5.10 FINANCIAL
41 UVE -5.07 FINANCIAL
42 LABL -5.07 FINANCIAL
43 SHG -5.05 FINANCIAL
44 TPGI -5.04 FINANCIAL
45 MET -5.02 FINANCIAL
46 AAT -5.00 FINANCIAL
47 LAZ -4.92 FINANCIAL
48 COWN -4.91 FINANCIAL
49 IBN -4.91 FINANCIAL
50 OZM -4.90 FINANCIAL
Today’s Money Flows, Heat Map, and A/D Line
Money Flows
MARKET MONEY FLOW (in millions) RATIO TODAY PREV DAY DJIA +9.4 +108.3 1.02 Blocks +15.6 +160.1 1.12 Russell 2000 -106.1 +488.6 0.81 Blocks -31.5 +506.6 0.59 S & P 500 -91.2 +64.0 0.97 Blocks +16.1 +24.8 1.03 DJ U.S. Total Stock Market -486.0 +441.9 0.93 Blocks -74.3 +261.9 0.93 ISSUE GAINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO (in millions) Plains All Amer Pipeline PAA NYSE 63.63 +46.8 2.93 Imperva IMPV NYSE 23.14 +15.1 4.95 Microsoft MSFT NASD 26.51 +13.6 2.00 Ford Motor F NYSE 11.14 +12.3 1.90 iShrs Russell 3000 Growth IWZ ARCA 47.21 +12.2 72.95 General Electric GE NYSE 16.09 +10.8 1.76 Intel INTC NASD 24.09 +9.8 1.79 SPDR Gold Tr GLD ARCA 173.59 +9.0 1.12 Wells Fargo WFC NYSE 25.80 +9.0 1.69 ExxonMobil XOM NYSE 77.83 +8.8 1.28 Schlumberger SLB NYSE 73.38 +8.7 1.42 Freeport McMoran FCX NYSE 40.25 +8.7 1.42 Macy's Inc M NYSE 31.09 +8.4 1.65 Caterpillar CAT NYSE 92.66 +8.0 1.22 Johnson & Johnson JNJ NYSE 63.91 +7.9 1.81 Verizon Communications VZ NYSE 37.07 +7.5 1.98 Boeing BA NYSE 65.15 +7.5 1.95 Merck MRK NYSE 34.51 +7.3 1.91 Qualcomm QCOM NASD 56.09 +7.1 1.42 Fomento Economico FMX NYSE 66.30 +7.0 6.75 ISSUE DECLINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO (in millions) SPDR S&P 500 SPY ARCA 124.56 -148.1 0.74 Google GOOG NASD 604.75 -24.9 0.80 Select Sector SPDR-Finl XLF ARCA 13.15 -21.9 0.36 PS KBW Banks KBWB ARCA 20.40 -19.6 0.00 Wal-Mart Stores WMT NYSE 58.47 -19.0 0.48 iShrs Russell 2000 Value IWN ARCA 64.73 -17.5 0.11 pricelinecom PCLN NASD 546.24 -16.1 0.81 JPMorgan Chase JPM NYSE 33.49 -14.9 0.55 Chevron CVX NYSE 105.28 -14.8 0.67 Amazoncom AMZN NASD 213.35 -14.1 0.75 SPDR DJIA Tr DIA ARCA 118.71 -12.2 0.71 Bank Of America BAC NYSE 6.32 -12.1 0.68 McDonald's MCD NYSE 93.40 -11.5 0.51 iShr FTSE China 25 FXI ARCA 37.15 -11.0 0.65 AT&T T NYSE 29.05 -10.3 0.44 Sina SINA NASD 79.51 -9.6 0.76 iShrs Russell 2000 IWM ARCA 73.36 -9.3 0.86 ML Oil Service HOLDRS Tr OIH ARCA 126.40 -8.4 0.76 Rovi Cp ROVI NASD 29.48 -8.3 0.84 Oracle ORCL NASD 32.28 -8.0 0.62Comments »
52 Week Highs and Lows
NYSE
New Highs 9 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ BlackRock Build Am Bd Tr BBN 20.57 27,629 BlkRk MuniYld Quality MQY 15.48 20,345 Invesco Insured Mun Tr IMT 15.19 12,868 Mississippi Pwr Dep. pfd. MPpD 26.50 807 Newmont Mining NEM 72.42 1,163,222 Nuveen Ins CA NXC 13.55 360 Nuveen Insured CA Muni 2 NCL 14.76 3,648 SolarWinds SWI 30.40 336,909 Tortoise Pipeline & Engy TTP 25.10 9,085 New Lows 22 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ AlcatelLucent ADS ALU 1.98 9,515,490 Bank Of Ireland IRE 4.95 217,955 CubeSmart 7.75% Series A CUBEpA 24.75 18,745 Daqo New Energy ADS DQ 2.99 18,267 DigitalGlobe DGI 16.78 16,769 Enduro Royalty Trust NDRO 20.33 262,495 Exelis Inc. XLS 9.80 2,092,295 First American Financial FAF 11.19 81,691 First BanCorp Rts FBPr 0.09 27,058 Gladstone Cap Corp. Pfd. GLADpA 25.00 1,600 Goldman Sachs Grp 6.50% GSJ 24.46 70,385 IntraLinks Holdings IL 5.50 1,457,978 Lloyds Banking Grp LYG 1.75 2,678,838 Maidenform Brnds MFB 17.80 1,485,945 MaxLinear MXL 4.85 5,700 Mizuho Fnl Grp ADS MFG 2.64 185,094 Niska Gas Storage Ptrs NKA 10.10 44,554 Panasonic Cp PC 8.97 33,605 Rosetta Stone RST 6.77 31,320 Sun Life Fincl SLF 21.17 120,068 Texas Industries TXI 27.69 55,416 Veolia Environment VE 12.33 487,536
NASDAQ
New Highs 3 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Arabian American Dev ARSD 5.24 4,176 SPS Commerce SPSC 21.22 1,900 Unvsl Bus Pay Sol Acqn UBPS 6.12 500 New Lows 40 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ Alaska Comm Sys Grp ALSK 5.42 1,563,954 Amicus Therapeutics FOLD 2.90 1,500 Amyris AMRS 12.83 12,479 Cardiome Pharma CRME 2.68 14,783 Central European Distr CEDC 3.10 565,620 Ceragon Networks CRNT 8.06 42,525 China Medical (ADS) CMED 4.08 40,741 China Sky One Medical CSKI 1.60 106,587 Complete Genomics GNOM 4.51 28,931 Diamond Foods DMND 36.92 278,253 Echelon ELON 5.50 10,698 Exide Techs XIDE 2.95 543,245 GeoEye GEOY 25.26 22,703 Groupon Inc GRPN 22.76 1,206,303 Immersion IMMR 5.28 28,809 K-Swiss (Cl A) KSWS 2.80 38,162 Kratos Defense & Sec Sols KTOS 5.48 18,384 Mercer Intl MERC 6.01 46,382 MoSys MOSY 3.01 3,169 NTELOS Hldgs NTLSD 21.71 13,883 National Security Group NSEC 8.55 2,627 PokerTek PTEK 0.74 625 Powell Industries POWL 25.76 49,107 QuinStreet QNST 8.80 54,951 RPX RPXC 14.19 20,884 Responsys MKTG 7.63 128,506 Rovi Cp ROVI 28.11 6,241,451 SatCon Tech SATC 0.81 363,605 Savient Pharmaceuticals SVNT 2.90 149,647 Strattec Security STRT 19.90 2,400 TBS Intl Cl A TBSI 0.60 50,350 Torm A/S TRMD 1.00 5,763 Targacept TRGT 7.16 1,378,455 US Auto Parts Ntwk PRTS 3.66 110,633 Utd Natural Foods UNFI 33.82 87,869 Unvl Busnss Pymnt Sol Acq UBPSU 5.70 2,000 Valence Tech VLNC 0.82 377,415 Vermillion VRML 1.63 185,229 Vertex Pharm VRTX 29.24 1,381,124 Wet Seal (Cl A) WTSLA 3.07 258,601Comments »
Uncle Sam Confirms Hydraulic Fracking Causes Earthquakes
Upside Down; What We are Discovering About America
The Super Committee Members Continue Traditional Politics
$BAC and $C Continue to Defraud Customers as Paying Fines is Cheaper Than Doing Business Within the Law
Anti fraud laws were broken time and again, but so long as they can pay a measly fine it is business as usual.
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