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Dr. Fly

18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.

Current European Debt Yields: Punitive

Germany: 3.35%
——————–

Greece: 14.07%
Portugal: 9.34%
Ireland: 9.85%
Spain: 5.51%- up .098

10 year bond yields

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European Shares Lower; S&P Futures Lower

It’s risk off in Europe with all major indices lower by about 0.5%. However, Switzerland is down more than 1%.

S&P futs are down 5.

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Today’s Winners and Losers

No. Ticker % Change
1 ZIP 55.33
2 NEP 32.00
3 ACOR 26.89
4 CHINA 24.27
5 NYNY 20.91
6 BAA 18.78
7 RPRX 18.28
8 YRCW 17.06
9 SVU 16.85
10 SCOK 16.04
11 OTIV 15.65
12 LLEN 15.40
13 CEU 14.96
14 CIGX 14.42
15 COOL 14.41
16 QIHU 13.10
17 COIN 13.04
18 CBMX 12.70
19 MOBI 12.38
20 YOKU 12.11
21 CFSG 11.86
22 AXU 11.41
23 LIWA 11.34
24 MGH 11.02
25 ONSM 10.74
—————————-
No. Ticker % Change
1 XPRT -27.78
2 FFHL -21.05
3 ONAV -16.85
4 ENG -12.22
5 KFS -10.69
6 RXII -9.38
7 PAAS -9.13
8 INUV -9.02
9 PARD -8.54
10 CBR -8.30
11 PERF -8.28
12 SUF -8.18
13 SRZ -8.06
14 UFPI -8.03
15 CDE -7.97
16 DLB -7.56
17 ZSL -7.41
18 LEE -7.32
19 HSWI -7.25
20 BIOF -7.23
21 TIV -7.07
22 TVL -6.86
23 OSBC -6.72
24 CLSN -6.72
25 TXCC -6.69

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The Port of Misrata Has Been Closed

Pro Gadhaffi forces have shelled it beyond recognition, Stalingrad style. Rebels have closed it, as a result.

No word on what those fancy NATO warplanes are doing to stop the shelling.

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Dollar Losses Outstripping S&P Gains

Over the past 3 months, the S&P is up 3.11%. However, the dollar is down a staggering 7.41% over the same time frame, which is especially punitive for foreign investors indexing in the US.

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Arcos Dorados Prices IPO Above Expectations

Big demand for Latin America’s largest Mcdonalds franchisee.

They will price 73.5 million shares for its IPO at $17/share.

The initial range was expected to between $13 and $15. The ticker symbol will be ARCO.

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