FLASH: 3,000 Rigs in the Path of Gulf of Mexico Storm

50% of oil production and 33% of natty production will be shut in.

No. Ticker % Change
1 BXDC 9.31
2 FAZ 7.98
3 ERY 7.79
4 AGQ 7.09
5 TVIX 7.00
6 RETS 6.95
7 TMF 6.55
8 YANG 6.21
9 SRTY 6.15
10 LHB 6.04
11 TZA 6.04
12 SOXS 5.90
13 BGZ 5.72
14 TYP 5.64
15 MWN 5.63
16 SCO 5.57
17 UGL 5.48
18 SQQQ 5.41
19 DGP 5.40
20 DPK 5.27
21 BZQ 5.13
22 SPXU 5.07
23 SKF 4.83
24 VIIX 4.56
25 NUGT 4.54

Slowly but surely, the yields on Italian 10yr bonds have been rising, now +2.2% today to 5.25%.

Related: Spanish yields are +1% to 5.09%

321 cracks are +2.2% to $35.57.

CNBC Video

Italy 5.15%
Spain 5.05%

Chicom style fraud.

Full article

Ahead of Labor Day.

Full article

Finisar beats by $0.03, reports revs in-line; guides Q2 EPS in-line, revs in-line (18.64 +0.18)
Reports Q1 (Jul) earnings of $0.21 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus Estimate of $0.18; revenues rose 9.8% year/year to $228.2 mln vs the $228.5 mln consensus. Co issues in-line guidance for Q2, sees EPS of $0.20-0.24, excluding non-recurring items, vs. $0.20 Capital IQ Consensus Estimate; sees Q2 revs of $235-$250 mln vs. $236.27 mln Capital IQ Consensus Estimate. Gross margin decreased to 29.1% of revenues from 34.1% in the first quarter of the prior year and from 31.6% in the preceding quarter. Co states “We expect production of this product to start to ramp during the second quarter of fiscal 2012. In addition, on June 29, 2011, we successfully closed our previously announced cash tender offer for the remaining outstanding shares of Ignis ASA and now hold 100% of the outstanding shares of Ignis.”

No. Ticker % Change
1 TZA 5.58
2 SRTY 5.52
3 TMF 4.95
4 DRV 4.61
5 FAZ 4.52
6 TWM 3.49
7 SRS 3.36
8 SKF 3.14
9 LBJ 3.12
10 MWN 3.11
11 RUSL 3.10
12 COWL 2.82
13 YANG 2.73
14 BGZ 2.62
15 EFT 2.61
16 TYP 2.57
17 SIJ 2.51
18 MZZ 2.50
19 GML 2.47
20 SPXU 2.44
21 NUGT 2.42
22 FCT 2.36
23 BRF 2.33
24 SOXS 2.32
25 SMN 2.30
26 RXL 2.27

The Letter

Total devastation.

Full article

Full article

No. Ticker % Change
1 FTWR 45.68
2 OPWV 31.29
3 STXS 16.96
4 HOLI 15.99
5 VRA 14.85
6 EEE 14.55
7 RNIN 14.04
8 AMCF 13.49
9 MITK 13.37
10 BTUI 13.11
11 GENE 12.56
12 PARD 12.44
13 ZBB 11.65
14 DHRM 11.49
15 FUEL 11.37
16 CLWR 11.11
17 SVBL 10.94
18 LPR 10.78
19 SEMG 10.63
20 TFM 10.62
21 GOK 10.44
22 TAT 10.38
23 HMPR 10.30
24 SUTR 10.09
25 MRNA 9.63
————————–
No. Ticker % Change
1 CDII -18.28
2 HRZ -15.33
3 ZLC -14.11
4 JVA -14.10
5 LTXC -13.92
6 BEAT -12.73
7 RCON -12.50
8 CPY -12.02
9 XFN -11.23
10 HEB -10.61
11 CGNX -10.60
12 ERII -10.18
13 FRAN -10.09
14 OMN -10.00
15 NQ -9.87
16 PCRX -9.12
17 GNOM -9.06
18 ASTI -8.91
19 BTX -8.86
20 MHLD -8.77
21 CWTR -8.65
22 FLOW -8.24
23 CPF -8.17
24 BLDR -8.13
25 PZN -7.86

“As your spokesperson today said, there are considerations about the Congressional calendar that must be made prior to scheduling such an extraordinary event.”

Because the fucktards in Congress are on vacay until 6:30 on Wednesday, Boehner furthered, “it is my recommendation that your address be held on the following evening, when we can ensure there will be no parliamentary or logistical impediments that might detract from your remarks.”

“As such, on behalf of the bipartisan leadership and membership of both the House and Senate, I respectfully invite you to address a Joint Session of Congress on Thursday, September 8, 2011 in the House Chamber, at a time that works best for your schedule,” Boehner said.

-Fucktard

CDS gone wild.

Full article

We are surprised and disappointed by today’s action, particularly since we have met repeatedly with the DOJ.

+2% to $34.39

GERMAN GOVT SPOKESMANS SAYS CABINET HAS APPROVED FRAMEWORK FOR DRAFT LAW ON EXPANDING EURO ZONE RESCUE MECHANISM

Amazingly,investors are locking in losses through Swiss bond purchases.

This week,3 month yields were -0.75% and last week 6 month yields were -1%.

Demand for bonds were 7x normal and the Swiss government profited over $4 million by borrowing money from people!?!?