No, I am not making this up.
Comments »Bank Stocks Continue to Sink
Shares of the largest banks are dropping once again, with the banking index off by 0.7%.
Notable underperformers include GHL, C and UBS.
On the flipside, shares of insolvent Irish banks are soaring, with IRE and AIB up 34% and 21% respectively.
Comments »Crack Spreads Are Maintaining Highs
321 spreads are still above $34 today, slightly off. It’s worth noting the notable outperformance in the share prices of the refiners, like HFC, ALJ, DK and WNR as of late.
Comments »Today’s ETF Winners and Losers
No. Ticker % Change
1 FCG 6.11
2 XOP 5.58
3 ERX 5.25
4 IEO 4.84
5 DIG 4.71
6 SDK 3.24
7 DRN 3.19
8 SGG 3.00
9 XES 2.73
10 YINN 2.69
11 OIH 2.59
12 PXJ 2.59
13 VDE 2.54
14 PXE 2.48
15 UCO 2.48
16 IEZ 2.47
17 AGQ 2.46
18 UNG 2.44
19 IYE 2.38
20 XLE 2.38
21 NUGT 2.32
22 DCNG 2.32
23 ROM 2.28
24 IGE 2.26
25 TYH 2.14
———————-
No. Ticker % Change
1 ERY -5.19
2 DUG -4.83
3 BAL -4.63
4 YANG -3.20
5 CTNN -3.18
6 ZSL -2.61
7 DUST -2.58
8 TYP -2.53
9 SCO -2.48
10 REW -2.43
11 DTO -2.21
12 EWV -2.02
13 QID -1.97
14 SMN -1.88
15 DRV -1.70
16 SQQQ -1.68
17 CVOL -1.64
18 PPR -1.64
19 SRS -1.63
20 CIK -1.55
21 PCN -1.49
22 UBT -1.44
23 TMF -1.43
24 RUSL -1.39
25 RETL -1.31
Flash: Obama Goes After Corporate Jet Owners Again
During a press conference regarding the debt ceiling today, President Obama took shots at “billionaires” and “corporate jet owners” again. My guess, he is simply hating on job creators, especially those who thumb their noses at union led airlines.
Comments »Today’s Biggest Winners
No. Ticker % Change
1 BQI 57.50
2 ICGN 31.40
3 OSN 18.54
4 ROYL 15.14
5 MAG 10.98
6 SCEI 10.64
7 IRE 10.34
8 PETD 9.71
9 RCON 9.69
10 CMM 9.32
11 LEI 8.86
12 MVIS 8.70
13 GOOG 8.45
14 CYDE 8.41
15 YRCW 8.26
16 SFY 8.24
17 MSHL 8.19
18 GEDU 8.07
19 PXD 7.97
20 SM 7.95
21 COG 7.86
22 RRC 7.84
23 LNG 7.76
24 JVA 7.73
25 AONE 7.7
European Markets Open Lower
European shares opened down from 0.5-1%, ahead of the latest European stress test results.
Related: S&P futures are falling, now off by 2.6, erasing earlier gains.
Comments »Report: UBS Favours Italian Stock Market
They cite decent macro backdrop, valuations in line with Greece and an economy not tied to its banks.
Further, they believe the Italian market has been sold off, unduly, and should be bought.
Comments »BHP Acquires PetroHawk
ROFL: Clemens Case a Mistrial
The fucking idiots who run our country decided to go after Roger Clemens for perjury, mainly because they have nothing better to do with their police state time. Because they are dumb, they tried to sneak in video evidence that was not approved by the court. As a result: fucking mistrial.
Long live Roger Clemens!
Comments »European Markets Open Moderately Lower
European markets opened down anywhere from 0.5-1%. Meanwhile, US futures are rallying sharply off the lows, with NASDAQ futures now up 1, erasing an 18 point deficit.
Comments »Flash: Asian Markets Shit on Moody’s
Asian market are barely down, following Moody’s asinine credit warning for the US of fucking A. As a matter of fact, China is up.
Related: S&P futures are barely down 3. Bears are about to get trucked, large Marg style.
Comments »Flash: S&P Futures Plummet on Moody’s Warning
Futures are down 10 after Moody’s warned of a possible downgrade of US credit rating. In other news, Congress is busy trying to investigate Fox News.
Comments »Moody’s Places US on Credit Watch Negative
Flash: YUM! Brands prelim $0.66 vs $0.61 Capital IQ Consensus Estimate; revs $2.82 bln vs $2.70 bln
YUM! Brands raises Fy11 EPS growth guidance to 12% from 10% vs. +12.1% consensus
Comments »The Market Held On by a Thread
Following an early 150 point gain in the day, the market sold off, almost giving away all intra-day gains. However, during the last 30 minutes of trade, the indices stabilized and ended up 45.
Comments »Flash: Senator Boxer and Rockefeller Call For Newscorp Investigation
liberal mumbo-jumbo
Comments »Gold and Silver Soar as the Dollar Dives
Gold is hitting all time highs today and silver is trailblazing higher by more than 5.5%, due to lack of confidence in the fiat currencies of Europe and the US. It goes without saying, the dollar is now lower by 1.15%, intra-day.
Comments »Blackrock’s Sovereign Risk Index
It was just mentioned on CNBC. I thought some would be interested.
Blackrock’s Sovereign Risk Index
Comments »Flash: Fitch Downgrades Greece to CCC
Cites the prospects of a credit event via default.
Comments »