Raise your glass to this good news. Money markets are starting to buy paper again.
Comments »Yearly Archives: 2012
Apache to Buy Cordillera for $2.85 Billion
A Recent Poll Shows Company Growth Ahead, But Very Little Hiring
“WASHINGTON (Reuters) – Few U.S. companies plan to step up hiring in the next six months although they do expect the economy to be a bit stronger this year, according to a poll released on Monday.
The National Association for Business Economics’ industry survey found that two-thirds ofrespondents expected no change in employment at their companies over the first half of the year. That was the highest share in recent quarters.
Although the U.S. jobless rate fell to a near three-year low of 8.5 percent in December, fewer businesses said they would hire more workers, compared with the previous industry poll.
The survey, which was conducted between December 15 2011, and January 5 2012, found that 65 percent of respondents expect gross domestic product growth to exceed 2 percent between the fourth quarter of last year and the last quarter of 2012.”
Comments »Haliburton’s Profits Rise on Fracking
Equity Evaluations in Europe Drop to 2004 Levels
Traders Enjoy The Carry Status of the Euro
Whole Sale Prices Fall for a Third Q in Australia
The Euro Pares Early Losses
Europe Will Ban Iranian Oil Imports Starting In July
Global Markets Rally While U.S. Futures Jump Sightly Above Unch
The First X Man
Life Spotted on Venus in 1982
The S&P is 3 Standard Deviations Above the 20 Day; An Imminent Reversal Could be Upon Us
“THE MARKET HAS COME A LONG WAY in a little while. McMillan Analysis pointed out Friday that the Standard & Poor’s 500 was three standard deviations above its 20-day average, which tends to portend at least a short, sharp reversal.
The publicity-shy investment pro known here over the past couple of years as the “mystery broker” came into the year a nervous bull, long stocks but keeping the market on a short leash as he awaited confirmation from the tape to determine if it remained a bull market. Those criteria of cyclical, risky-stock leadership, mentioned above, have checked out, yet he’s tactically cautious.
Comments »Oil & the Euro Fall on Dragged Out Greek Debt Talks
“The menu of pain”
Say Goodbye to RIM’S CEOs
Asian Markets Trade Mixed
SUPERBOWL 46; HERE WE COME BABY
What a nail biting game we had tonight!
[youtube://http://youtube.com/watch?v=C2NU98NZF8o 450 300]
LOL: Watch the Texas Tech Bell Ringer
http://www.youtube.com/watch?v=rFxwOLbImcU
Comments »Europe Transaction Tax Won’t Apply to Gov’t Bonds
PARIS (Reuters) – Europe’s proposal for a tax on financial transactions would not apply to bonds issues by governments because states need to be able to finance themselves, said France’s Finance Minister Francois Baroin on Sunday.
France plans plow ahead with its own transaction tax even as other European nations are taking longer to agree on how to implement the measure.
“The tax would apply to shares and derivatives but would naturally exclude government bonds since we are in a period where we need investors,” said Baroin in a French televised interview.
The details on when such a tax would take effect will be decided when the draft law is written in February, he added.
(Reporting by Jean-Baptiste Vey)
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