Monthly Archives: August 2012
Italian and Spanish Bond Yields Go Parabolic
Crack Spreads Continue to Rise
MOHAMED EL-ERIAN: Here’s Where The Differences Between Obama And Romney Are Important
“The conventional wisdom about the November presidential election in the United States is only partly correct.
Yes, economic issues will play a large role in determining the outcome.
But the next step in the argument – that the winner of an increasingly ugly contest will have the luxury of pursuing significantly different policies from his opponent – is much more uncertain.”
Comments »50 Stocks Hedge Funds Love to Short
Uncle Sam is Too Big to Communicate
ALERT: SPANISH AND ITALIAN YIELDS SPIKE
Half of U.S. Counties Now Considered a Disaster Area Due to Drought
“ST. LOUIS (AP) — Nearly 220 counties in a dozen drought-stricken states were added Wednesday to the U.S. government’s list of natural disaster areas as the nation’s agriculture chief unveiled new help for frustrated, cash-strapped farmers and ranchers grappling with extreme dryness and heat.
The U.S. Department of Agriculture’s addition of the 218 counties means that more than half of all U.S. counties — 1,584 in 32 states — have been designated primary disaster areas this growing season, the vast majority of them mired in a drought that’s considered the worst in decades.”
Comments »The Three Myths in Banking
These are my fun suggestions:
1) Criminals go to jail
2) They are masters of the universe
3) They are necessary to the livelihood of the planet
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San Bernardino, CA. Files for Bankruptcy
“* Third California city to file for bankruptcy
* Follows Stockton and Mammoth Lakes
* Fears other cities will file for bankruptcy”
Comments »FLASH: Knight Capital Now Down 59% Pre-Market
Knight Capital says it is now exploring strategic moves for shareholders.
Egan Jones Cut the stock this morning to B-
Comments »TRAGEDIA: SPANISH MARKETS ARE IN CRASH MODE- DOWN 5%
FLASH: EUROPEAN MARKETS CRASH FOLLOWING ECB INACTION
Flash: European Markets Reverse Gains and Dive Into an Empty Swimming Pool
FLASH: U.S. Futures Shit the Bed
After being up as much as 80 DOW futures points we are now down 59….
Comments »VOLATILITY: FUTURES GIVE IT ALL BACK, AND MORE!
Futures are now down 55 after the ECB disappoints with no interest rate cuts or LTRO, just talk.
That is a reversal of nearly 150 Dow points.
Comments »FLASH: The Euro Begins to Pare Gains Off Draghi Comments
FLASH: Draghi Says the ECB MAY Take Open Market Actions, He Will Design Appropriate Modalities of Such Policy Measures
So rumors of rumors on plans to make plans of action to be taken if action is needed. Essentially Draghi is referring to a bazooka in his pocket….. futures now pare 30% of their recent gains off this comment
Comments »FLASH: THE EURO IS SAVED, EUROPE IS SOARING AND FUTURES ARE GANGBUSTERS
Gapping up and Down This Morning
Gapping up
ELLI +21.9%, YELP +14.8%, CAVM +14.7%, GMCR +12.8%, FSLR +12.6%,
GILD +10%, SPWR +8.5%, IDIX +8.2%, CNQR +7%, JASO +6.7%, CAR +6.5%,
DHX +6.4%, AEO +6.2%, TRMB +5.8%, LDK +5.5%, STP +5%, NOK +5%, TSO +4.7%,
ITRI +4.5%, GTAT +3.9%, RGR +3.8%, JAH +3.2%, TSL +3.1%, PQ +2.6%, WLT +2.6%,
KGC +2.4%, TAN +2.2%, MON +1.7%, GRMN +1.1%,
Gapping down
HALO -55.6%, ANF -15.6%, ZUMZ -11.2%, LPSN -10.8%, WTW -8.8%,
SAM -6.5%, BWP -4.8%, NOW -1.5%, HIG -0.7%, VE -10% ,
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