Flash: U.S. Markets Are Green

Stocks are trading higher (the Dow is up 9), despite weak Asian and European trading sessions.

Via Moody’s

New York, June 20, 2011 — Moody’s Investors Service has upgraded the government bond ratings of Brazil to Baa2 from Baa3 on account of a sovereign credit profile consistent with ratings in the higher Baa range, recent policy adjustments that should result in a more sustainable macroeconomic scenario, and prospects for improving medium-term fiscal and growth indicators. The outlook on the ratings remains positive.

RATINGS RATIONALE

The upgrade reflects the following considerations:

• Credit fundamentals consistent with ratings placed in the middle-to-upper range of the Baa rating category and moderate susceptibility to financial (credit boom-related) event risk.

• Willingness on the part of the government to reverse expansionary policies and adopt a conservative policy stance that appears more consistent with a sustainable growth path.

• Moody’s expectation that government debt ratios will report a declining trend as compliance with the fiscal targets incorporated in the medium-term budgetary guidelines are likely to be observed.

Brazil’s credit fundamentals validate sovereign ratings in the higher Baa range. High economic strength stems from large and relatively diversified productive and export bases. Policy continuity as well as a government debt structure associated with moderate exchange rate, rollover, and interest risks are integral elements of Brazil’s sovereign credit profile. Prospective elements are encouraging. Our baseline expectation is for relatively favorable and more sustained economic growth in coming years.

These credit attributes are counterbalanced by recent evidence of rapid credit growth, increased inflationary pressures and signs of overheating. Policy efforts to ward off these conditions have, to date, been effective in mitigating potential credit risks.

Through a combination of fiscal and monetary measures, the authorities are in the process of defusing conditions that have caused overheating in the economy. Although too early to tell if current actions will be sufficient, they appear strongly committed to addressing the problem and containing its impact with additional measures, if required.

The resilience of the economy to adverse shocks continues to be supported by (i) a high level of international reserves, (ii) robust bank capital ratios , and (iii) a government debt structure with limited foreign-currency exposure and reduced participation by non-residents.

A track record of effective policy management under adverse conditions provides important support to Brazil’s sovereign ratings, as well.

Budgetary guidelines that incorporate medium-term fiscal projections for the 2012-2014 period represent an important move toward a multi-year budgetary process. Compliance with a primary surplus target of 3% of GDP during the four-year term of the current administration — an assumption implicit in the current rating action — should support a declining trend in government debt ratios.

Concerns about an ongoing credit boom have dominated discussions concerning Brazil’s economic outlook in recent months. Moody’s view on this subject is that, even if a bubble-like event were to materialize, its impact on the government’s balance sheet is not likely to be substantial. This is because (a) high capital ratios in Brazilian banks provide a sturdy first-line-of-defense against any such event, significantly reducing the need for official (government) financial support, and (b) a low credit-to-GDP ratio implies that, compared to European countries that experienced credit bubbles, the potential magnitude of a systemic credit event would be considerably smaller.

TRIGGERS FOR FUTURE RATING ACTIONS

The positive outlook captures the possibility of a further upgrade within the next 12-18 months. This would be possible if: (i) economic growth moderates and remains at lower – but more sustainable – rates; and (ii) the authorities are willing and able to comply with medium-term budgetary targets.

Alternatively, if there is no evidence of substantive progress in these areas, the potential upside associated with the positive outlook could be removed, leaving Brazil’s ratings at the current Baa2 level.

The last rating action on Brazil was on September 22, 2009 when the country’s government bond rating was upgraded to Baa3 from Ba1 and a positive outlook was assigned.

The principal methodology used in this rating was “Moody’s Sovereign Bond Methodology,” published in September 2008.

“Key Drivers for Moody’s Upgrade of Brazil,” a report which offers a more detailed discussion of the reasons for the upgrade, was also published today and is available at moodys.com.

REGULATORY DISCLOSURES

Information sources used to prepare the credit rating are the following: parties involved in the ratings, parties not involved in the ratings, public information.

Moody’s Investors Service considers the quality of information available on the issuer or obligation satisfactory for the purposes of maintaining a credit rating.

Moody’s adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources Moody’s considers to be reliable including, when appropriate, independent third-party sources. However, Moody’s is not an auditor and cannot in every instance independently verify or validate information received in the rating process.

Please see ratings tab on the issuer/entity page on Moodys.com for the last rating action and the rating history.

The date on which some Credit Ratings were first released goes back to a time before Moody’s Investors Service’s Credit Ratings were fully digitized and accurate data may not be available. Consequently, Moody’s Investors Service provides a date that it believes is the most reliable and accurate based on the information that is available to it. Please see the ratings disclosure page on our website www.moodys.com for further information.

Please see the Credit Policy page on Moodys.com for the methodologies used in determining ratings, further information on the meaning of each rating category and the definition of default and recovery.

AGU upped guidance, lending to strength in the sector.

JP Morgan making the call on MCP

The CEO’s offer was accepted. The Citron Research boys have been juiced.

Shares of HRBN have nearly doubled in pre-market trade.

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NIKKEI is higher by 0.5%, despite European failure to agree on a Greek bailout.

Related: S&P futures are down 1.7

Now they are intentionally trying to crash markets.

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This is not including the great many delisted and/or bankrupt names.

Frauds.

Look at some of the stunt man Mike pin action.

No. Ticker YTD Return Industry
1 SCEI -80.18 Chinese Burritos
2 SBAY -78.42 Chinese Burritos
3 HEAT -78.22 Chinese Burritos
4 CHBT -76.46 Chinese Burritos
5 CBEH -74.90 Chinese Burritos
6 GFRE -74.74 Chinese Burritos
7 CSKI -71.59 Chinese Burritos
8 SHZ -71.31 Chinese Burritos
9 CHGS -70.49 Chinese Burritos
10 CVVT -70.23 Chinese Burritos
11 DGW -69.62 Chinese Burritos
12 XNY -68.34 Chinese Burritos
13 CCIH -67.50 Chinese Burritos
14 OINK -66.56 Chinese Burritos
15 NEWN -64.42 Chinese Burritos
16 CNAM -64.18 Chinese Burritos
17 KNDI -63.95 Chinese Burritos
18 CNIT -63.34 Chinese Burritos
19 CNET -62.91 Chinese Burritos
20 KGJI -62.25 Chinese Burritos
21 MCOX -62.08 Chinese Burritos
22 BSPM -61.70 Chinese Burritos
23 GU -60.72 Chinese Burritos
24 FEED -60.54 Chinese Burritos
25 CIIC -60.14 Chinese Burritos
26 SCOK -59.57 Chinese Burritos
27 BORN -58.75 Chinese Burritos
28 DHRM -58.50 Chinese Burritos
29 PUDA -57.89 Chinese Burritos
30 DANG -57.67 Chinese Burritos
31 SEED -57.28 Chinese Burritos
32 SORL -56.86 Chinese Burritos
33 CGA -56.78 Chinese Burritos
34 AOB -55.83 Chinese Burritos
35 HSFT -55.20 Chinese Burritos
36 DEER -54.43 Chinese Burritos
37 CHC -53.99 Chinese Burritos
38 JRJC -53.45 Chinese Burritos
39 MY -53.39 Chinese Burritos
40 CCSC -52.78 Chinese Burritos
41 RCON -52.69 Chinese Burritos
42 SIHI -52.49 Chinese Burritos
43 CMFO -52.22 Chinese Burritos
44 HPJ -51.98 Chinese Burritos
45 HRBN -51.93 Chinese Burritos
46 XING -50.88 Chinese Burritos
47 SPU -50.54 Chinese Burritos
48 CHLN -50.36 Chinese Burritos
49 AMCN -49.78 Chinese Burritos
50 CHOP -49.40 Chinese Burritos

Date provided by The PPT

I want Congressional hearings.

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Via Moody’s

Frankfurt am Main, June 17, 2011 — Moody’s Investors Service has today placed Italy’s Aa2 local and foreign currency government bond ratings on review for possible downgrade, while affirming its short-term ratings at Prime-1.

The main drivers that prompted the rating review are:

(1) Economic growth challenges due to macroeconomic structural weaknesses and a likely rise in interest rates over time;

(2) Implementation risks surrounding the fiscal consolidation plans that are required to reduce Italy’s stock of debt and keep it at affordable levels; and

(3) Risks posed by changing funding conditions for European sovereigns with high levels of debt.

Moody’s review will evaluate the weight of these growing risks in light of the country’s high rating but also relative to some credit-strengthening trends that have been observed in recent years and are expected over the coming years, such as improved fiscal governance, lower budget deficits and a modest economic recovery.

RATIONALE FOR REVIEW

First, the Italian economy faces growth challenges in an environment characterized by long-term structural impediments to growth and potentially rising interest rates. Structural economic weaknesses — mainly low productivity and important labour and product market rigidities — have been a major impediment to growth in the last decade and continue to hinder the economy’s recovery from the severe recession it experienced in 2009. Italy has so far only recovered a fraction of the nearly seven percentage points in GDP that it lost during the global crisis, despite low interest rates, which are likely to rise in the medium term. Growth prospects for the Italian economy in the coming years will be a crucial factor that will determine the government’s revenues and the achievement of fiscal consolidation targets.

Second, there are implementation risks to the fiscal consolidation plans that are required to reduce Italy’s stock of public debt to more affordable levels. Against a backdrop of rising interest rates and weak economic growth, the government may find it difficult to generate the primary surpluses that are needed to place the public debt-to-GDP ratio and the interest burden on a solid downward trend. The adoption of additional conservative fiscal policies may prove more difficult in the near future because the current government’s electoral support is weakening, with the government facing challenges in gaining public approval for its policies. For example, the government’s recent energy and water supply proposals were rejected by popular vote.

Third, the fragile market sentiment that continues to surround European sovereigns with high levels of debt poses additional risks for Italy. The continued stability of market demand for Italy’s debt is uncertain at current yields. Although future policy actions within the euro area could reduce investors’ concerns and stabilize funding costs, the opposite is also possible. In any event, going forward, investors appear likely to differentiate more among euro area sovereign borrowers than they did prior to the financial crisis, to the disadvantage of euro area countries with higher-than-average debt burdens, like Italy.

FOCUS OF RATINGS REVIEW

Moody’s review of Italy’s sovereign rating will focus on the growth prospects for the Italian economy in coming years, and particularly the prospects for a removal of important structural bottlenecks that could hinder a stronger economic recovery in the medium term. The review will also examine the government’s ability to achieve ambitious fiscal consolidation targets and to implement further plans to generate substantial primary surpluses in the medium term. This will include an analysis of the vulnerability of the Italian government debt trajectory to a rise in risk premia, as well as the options for the government to react. The government’s new fiscal plan, which is expected to be announced shortly, will be considered during the review.

In addition, any broader developments across the euro area, in particular with regard to the resolution of the euro area debt crisis and its impact on funding costs, could be important determinants of the outcome of Moody’s rating review.

PREVIOUS RATING ACTION AND METHODOLOGY

Moody’s last rating action affecting Italy was implemented on 15 May 2002, when the rating agency upgraded Italy’s Aa3 government bond ratings to Aa2 with a stable outlook. The rating action prior to that was taken on 3 July 1996, when the rating agency upgraded Italy’s A1 government bond ratings to Aa3.

The principal methodology used in this rating was “Sovereign Bond Ratings”, published in September 2008.

European markets are flying and S&P futs are 13 points above fair value.

Hardline.

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No. Ticker 1-month Return
1 SOXS 30.08
2 SSG 21.47
3 BXDC 19.96
4 TYP 19.86
5 SGG 18.58
6 FAZ 16.45
7 SQQQ 16.16
8 YANG 16.11
9 MWN 15.51
10 CVOL 13.92
11 SRTY 13.46
12 RETS 13.45
13 REW 13.03
14 BGZ 13.01
15 SPXU 12.97
16 TZA 12.88
17 QID 11.62
18 TVIX 11.57
19 SIJ 11.18
20 SKF 11.03
21 SDK 10.77
22 SCC 10.56
23 DPK 10.55
24 MZZ 10.33
25 EIO 10.31

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No. Ticker 1-month Return
1 SOXL -26.53
2 USD -19.48
3 TYH -18.57
4 TQQQ -17.04
5 FAS -16.58
6 MWJ -15.54
7 TNA -15.08
8 TAN -14.81
9 ZSL -14.68
10 CZM -13.66
11 UPRO -13.30
12 DZK -13.29
13 BGU -13.27
14 WOOD -13.00
15 ROM -12.82
16 CQQQ -12.82
17 RETL -12.63
18 EPU -12.23
19 URA -12.12
20 UKK -11.88
21 PSI -11.88
22 QLD -11.44
23 BAL -11.32
24 SAA -11.16
25 IGN -11.08

This is a daily occurrence, due to FRAUD, not normal market action. Yet, no one seems to give a fuck.

No. Ticker % Change Industry
1 HRBN -51.15 Chinese Burritos
2 FSIN -22.26 Chinese Burritos
3 CPHI -20.00 Chinese Burritos
4 CISG -14.74 Chinese Burritos
5 LIWA -11.63 Chinese Burritos
6 CFSG -11.12 Chinese Burritos
7 YONG -10.77 Chinese Burritos
8 FENG -10.31 Chinese Burritos
9 CSR -10.28 Chinese Burritos
10 SHZ -9.96 Chinese Burritos
11 HOGS -9.32 Chinese Burritos
12 RENN -9.04 Chinese Burritos
13 DEER -8.74 Chinese Burritos
14 CGA -8.06 Chinese Burritos
15 CHGS -7.65 Chinese Burritos
16 JADE -7.60 Chinese Burritos
17 HOLI -7.42 Chinese Burritos
18 DANG -7.31 Chinese Burritos
19 CNTF -6.90 Chinese Burritos
20 SPU -6.72 Chinese Burritos
21 NEWN -6.58 Chinese Burritos
22 VIMC -6.47 Chinese Burritos
23 SPRD -6.45 Chinese Burritos
24 CHOP -6.15 Chinese Burritos
25 CCCL -6.08 Chinese Burritos

More Chinese fraud.

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Now up 5% to $30.28. Don’t tell the equity investors of refiners.

The rumors are flying. No official announcement as of now.

Weakest since July of 2009.

The Dow is up 45, Nasdaq flat and the S&P is up 2.7