$MS did a swell job on the $FB IPO. Stock breaks below $30 as options trading begins.
Comments »Monthly Archives: May 2012
European Markets Close in the Green With Spain as the Exception
European markets flip flopped most of the day, but managed to come back to a roaring close.
Spain was the only exception down 2.4%.
U.S. markets are in bull mode.
Comments »A Post Memorial Day Note (video)
[youtube:http://www.youtube.com/watch?v=-IRZ2scu40c 450 300]
Comments »Heat Map and A/D Lines
Class A Idiot: Justice Lanny Moriarty
Get Ready for Overall Unemployment to Move Lower
Pork Barrel Programs Give Taxpayers the Snow Job
A new list of words are out that will get you on cyber watch list. The clouds are gathering for big brother.
Comments »Do Not Fuck With My Order Biatch
WSJ: Half of US Households Receive Government Aid
The number would be higher if Sole props and LLCs were able to get some assistance. Not good America.
Comments »Moody’s Zandi: Fate of US Economy Hinges on Greece
Have you had enough of the Grecian formula ? Prepare for more olive pits in your tossed market salad.
Comments »Citigroup Dismantles Panel Overseeing Toxic Assets
$C had killed a panel which oversees toxic assets such as derivatives tied to Greek and Spanish debt. Currently $C has about $200 billion of these types of assets from what we can see. Dont’ forget about Enron style level 5 accounting….
Comments »A New Post Crisis Low: Home Prices Drop 2% in Q1
Despite a jump in prices last month a new low has been hit. Signs of hope are out there as fewer cities see new lows.
They say NYC is usually the last to get hit; so we are either in a bottoming process or forbid i say another new leg down.
Comments »Europe’s 30 Card Monte Has Killed All Players Once Willing to Fund the Debt Crisis
Shell games and total bull shit out of the mouth’s of European leaders has not only scared investors not to finance debt problems, but has lead the world to ask just how bad is it in Europe.
Gapping Up and Down This Morning
Gapping up
TTM +3.9%, RIO +3.3%, BBL +2.2%, MT +2.1%, BHP +1.8%, CHK +1.5%, IBI +41.6%
BRCM +1.6%, MCP +3.9%, BTU +4.3%, KGC +1.7%, CTIC +2.2%, ARNA +2.7%,
AMRN +3.9% , TTM +5.2%, LCRY +53.6%,
Gapping Down
HMPR -14.5%, STD -6%, BBVA -3.6%, FB -2.6%, BP -1.6%, STX -1.3% ,WDC -0.6% ,
VRTX -16%, GFA -2.9% , PT -4.9%, TEF -3.8%, FTE -1.4%, VOD -1%, DB -0.8%
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Upgrades and Downgrades This Morning
In Play and On the Wires
“Escape From Japan” is Becoming a New Cottage Industry for Bearshitters
Fears of a peaking Japanese economy, currency meltdown, and global banking problems have spurred real estate companies to help wealthy and worried Japanese escape Japan for greener safe heaven pastures.
Comments »All of Ireland’s Work May Be in Vain
Ireland has made great strides to repair its damaged economy and rising debt problem. Unfortunately, Greece, Spain, and Italy have crated uncertainty after all the recent moves to build confidence.
More importantly, it appears that no matter how well the country has done getting back on its feet, it may not be enough as debt will reach 120% to GDP.
The world needs a huge shot of global growth to break the debt spiral so many countries face.
Comments »Dollar Tree Inc, $DLTR, Announces a 2:1 Stock Split
Consumer Retail in China to Surpass U.S. in 2015
“The U.S. is fast being replaced by China as the world’s most important consumer market. That doesn’t mean each country has similar tastes. But broad appeal products like Coca Cola and Nike will find more consumers in China than in the U.S., and if one Chinese official is right, they might find that market better than their home one as early as 2015.”
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