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Monthly Archives: May 2012

GM Ditches Upcoming Superbowl Advertising

After ditching $FB it seems that GM is continuing to rein in advertising as they state they will not do anything for the Superbowl.

Perhaps a new strategy is emerging.

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Banks Expected to Report a Slowdown in Trading for Q2

“(Reuters) – Wall Street banks will report sharp declines in trading and investment banking revenues in the second quarter because of weaker client activity, JPMorgan analyst Kian Abouhossein said in a report on Friday.

Fixed income, currency and commodities trading revenue is likely to be particularly challenged for a group of banks including Goldman Sachs Group Inc and Morgan Stanley , dropping 32 percent from the previous quarter, Abouhossein predicted.

The group of eight banks will also report a 14 percent decline in equities trading revenue and a 17 percent fall in investment banking revenue, according to Abouhossein’s estimates based on activity so far.”

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Merkel Suggests Greece Hold Euro Referendum Alongside Elections

ATHENS, Greece (AP) – Greece’s government spokesman says German Chancellor Angela Merkel has floated the idea that the country hold a referendum on the euro alongside national elections next month.

Dimitris Tsiodras said in a statement Friday that Merkel aired the proposal during a phone call with Greek President Karolos Papoulias earlier in the day.

The statement said that such a project was “obviously” outside the jurisdiction of the Greek caretaker government appointed this week.

Greece is set to hold elections on June 17, after a previous vote on May 6 produced a hung Parliament.

Read here:

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Trader Alert: $SVVC, $GSVC, & $ZNGA

$SVVC down 23% and $GSVC down 10% ; (holding companies of $FB stock.)

As $FB does eh… these companies are getting hammered.

Also $ZNGA is halted down 13%

What a great scam. I’m glad to be a part of it in a very small fashion i might add. Now the markets can continue to crash.

[youtube://http://www.youtube.comwatch?v=oulq1lncqzU 450 300]

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FLASH: THE FACEBOOK IPO IS A DISASTER $FB

After opening at $42, the stock is now about to break $40, amidst heavy selling by a large retail shareholder base.

The tepid results of FB has smashed the market sentiment, with the Nasdaq now down .66%, reversing earlier gains.

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Trader Alert: $SVVC & $GSVC

SVVC and GSVC are both short restricted. Holding companies of $FB stock. Both stocks were taken down to a technical stop out threshold.

GLT

Not an offer to buy these securities.

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Kucinich: NDAA Authorizes War Against Iran

“Congressman Dennis Kucinich’s (D-OH) prepared speech to Congress follows. See videohere. Congressman Kucinich is also distributing this flyer to Congressional colleagues. Additionally he recently spoke about Iran on the House Floor. See that video here and here. Kucinich will be back on the House Floor today at noon for a “one minute” speech. “We must not stumble into another war,” he said.”

Full article

[youtube://http://www.youtube.com/watch?v=WZnTnkBIdk0 450 300]

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