Flash: Vote to Increase Debt Ceiling has Failed

The GOP wants spending cuts. They are playing chicken with the democrats.

Lucky us.

No. Ticker % Change
1 YONG 45.60
2 AGYS 42.68
3 CV 40.87
4 FCEL 25.34
5 SQNS 22.55
6 HEAT 15.65
7 MERU 14.49
8 GOLF 13.18
9 NBIX 12.28
10 KBX 11.90
11 FTLK 11.86
12 GIFI 11.85
13 FTWR 11.18
14 AXK 11.11
15 ASH 10.81
16 AMAG 10.18
17 TZOO 9.85
18 GBE 9.84
19 SOQ 9.56
20 STVI 9.45
21 NAFC 9.42
22 BAA 9.25
23 LXRX 9.03
24 SATC 8.91
25 NBG 8.85
——————————
No. Ticker % Change
1 HNHI.OB -40.81
2 NOK -14.21
3 PT -13.66
4 CBLI -13.62
5 RLD -12.75
6 MPET -12.02
7 CEU -11.76
8 CBPO -10.93
9 URG -10.56
10 YMI -10.53
11 DEXO -8.91
12 UEC -8.79
13 GSL -8.24
14 URZ -8.21
15 LLEN -8.16
16 SPU -7.83
17 FMAR -7.50
18 CXZ -7.45
19 DDSS -7.11
20 SMCG -6.59
21 SINO -6.49
22 CVOL -6.45
23 URRE -6.44
24 PLM -6.42
25 BRIS -6.34

As you were.

S&P futures are now up 6.

Asian markets have reversed and are now higher, with Australian +0.7%, Japan +0.7% and Korea +0.8%

Full article

by 2022. PUHLEASE.

Full article

Please respect FT.com’s ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email [email protected] to buy additional rights or use this link to reference the article – http://www.ft.com/cms/s/2/48e72d56-8ae4-11e0-b2f1-00144feab49a.html#ixzz1NraaavAa

“Whenever a stock price goes up as much as it does with LinkedIn, you assume the IPO was mispriced and the bankers screwed up,” said Mr Thiel, an investor in LinkedIn since its launch. “There continues to be a certain antipathy by Wall Street banks toward Silicon Valley companies where they don’t quite believe it’s real

Full article

Thanks to LinkedIn’s ipo.

Full article

No. Ticker 1-week Return
1 FTWR 92.50
2 SQNS 69.19
3 AATI 60.37
4 ZLC 39.04
5 KKD 37.34
6 PCRX 34.00
7 KBX 33.59
8 RPTP 33.08
9 REVU 32.22
10 TRGL 31.26
11 MSO 30.53
12 ACHN 30.52
13 CBMX 28.77
14 LMLP 28.14
15 CXZ 27.40
16 GLUU 27.11
17 RXII 25.51
18 FPIC 25.25
19 HRZ 24.72
20 HMPR 23.37
21 COIN 23.33
22 INHX 22.35
23 URRE 21.52
24 FURX 21.46
25 NOA 21.41

——————————-

No. Ticker 1-week Return
1 JGBO -51.86
2 CWS -36.70
3 MCOX -31.53
4 LTBR -28.60
5 CGA -27.38
6 SIGM -27.13
7 CHBT -26.32
8 FFHL -24.73
9 CNIT -23.85
10 KUTV -23.54
11 CEU -22.96
12 SPU -22.79
13 ROIAK -22.67
14 BORN -21.21
15 VELT -21.21
16 CBLI -20.62
17 WHRT -20.51
18 RODM -20.50
19 EDE -18.86
20 CVVT -18.67
21 CSUN -18.62
22 DEER -18.62
23 GMAN -18.53
24 XUE -18.11
25 INVE -17.76

The spread between Brent and WTI crude is nearly $15 per barrel.

Spreads are up 6% to $26.4.

Bad trade.

Down 0.5% as you read this.

As a result, futs are up 4.

No. Ticker % Change
1 AGQ 6.56
2 PSLV 4.67
3 ERX 4.28
4 BDD 4.15
5 CTNN 3.96
6 SGG 3.71
7 LD 3.67
8 UCD 3.61
9 DYY 3.48
10 UYM 3.45
11 PXJ 3.44
12 UCO 3.27
13 SLV 3.27
14 GAZ 3.23
15 DBS 3.14
16 XES 3.13
17 DIG 3.11
18 NIB 3.03
19 TNA 2.98
20 DAG 2.86
21 XIV 2.82
22 SOXL 2.79
23 EGPT 2.66
24 IEZ 2.56
25 EPU 2.53

Full Article

He was 65.

SCAMS

No. Ticker YTD Return Industry
1 SBAY -77.90 Chinese Burritos
2 CBEH -74.90 Chinese Burritos
3 HEAT -69.70 Chinese Burritos
4 DGW -69.62 Chinese Burritos
5 GFRE -66.04 Chinese Burritos
6 RCON -65.38 Chinese Burritos
7 CVVT -65.17 Chinese Burritos
8 KGJI -63.97 Chinese Burritos
9 KNDI -63.00 Chinese Burritos
10 FEED -62.59 Chinese Burritos
11 SCEI -59.61 Chinese Burritos
12 XNY -59.17 Chinese Burritos
13 CNET -59.16 Chinese Burritos
14 PUDA -57.89 Chinese Burritos
15 CHGS -57.48 Chinese Burritos
16 CSKI -56.53 Chinese Burritos
17 OINK -55.20 Chinese Burritos
18 SIHI -55.17 Chinese Burritos
19 NEWN -54.46 Chinese Burritos
20 HSFT -53.68 Chinese Burritos
21 YONG -52.98 Chinese Burritos
22 BSPM -52.84 Chinese Burritos
23 CIIC -52.72 Chinese Burritos
24 MCOX -51.55 Chinese Burritos
25 CNAM -51.29 Chinese Burritos
26 SHZ -50.95 Chinese Burritos
27 CAGC -49.06 Chinese Burritos
28 SCOK -48.12 Chinese Burritos
29 HOLI -47.96 Chinese Burritos
30 LFT -47.68 Chinese Burritos
31 CHBT -46.46 Chinese Burritos
32 CCSC -45.26 Chinese Burritos
33 LZEN -45.18 Chinese Burritos
34 CIS -44.57 Chinese Burritos
35 AMCN -44.27 Chinese Burritos
36 AOB -44.17 Chinese Burritos
37 DHRM -43.43 Chinese Burritos
38 CCIH -43.08 Chinese Burritos
39 CAAS -42.29 Chinese Burritos
40 CMFO -40.93 Chinese Burritos
41 HPJ -38.60 Chinese Burritos
42 SORL -37.98 Chinese Burritos
43 CGA -37.78 Chinese Burritos
44 GU -37.48 Chinese Burritos
45 XING -37.46 Chinese Burritos
46 MY -36.91 Chinese Burritos
47 CHC -36.67 Chinese Burritos
48 VIT -36.51 Chinese Burritos
49 SUTR -36.11 Chinese Burritos
50 TSTC -35.88 Chinese Burritos

S&P futures are down nearly 11 on litle to no news.

They are exiting the business of mortgages.