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Commentary

Gapping Up and Down This Morning

Gapping up 

NBIX+3.8%, ALLT +2.8%, RDN +17.0%, NBIX +11.8%,   BPI +4.1%, LEAP +11.2%, UAN +4%, WINN +8.4%,

CXDC +7.1%, ALL +2.9%,

 

Gapping down

The entire world if you must look…

BHP -3.7%, HBC -2.9%, SLV -2.8%, BBL -2.7%, HLF -1.9%, REDF -1.1%, GLD -1%, BCS -7.6%, ROG -7.3%,

SIFY -6.5%, DB -6.3%, FRO -6.3%, ALU -6.3%, RBS -6.2%, MT -5.9%, LYG -5.3%, AVB -5%, UBS -4.5%, RIO -4%,

BP -3.8%, EXEL -35.3%, BGC -14.4%, ING -13.2%, CS -10.3%,

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Upgrades and Downgrades This Morning

Upgrades

GSK – GlaxoSmithKline upgraded to Outperform from Neutral at Cowen

CRM – Salesforce.com downgraded to Equal Weight at Global Equity Research

OCR – Omnicare upgraded to Equal Weight from Underweight at Barclays

LAMR – Lamar Advertising upgraded to Outperform from Neutral at Wedbush

CYNO – Cynosure initiated with an Outperform at Leerink Swann

NBR –  Nabors Industries upgraded to Buy at Dahlman Rose

JNPR – Juniper Networks upgraded to Outperform from Sector Perform at RBC Capital

AET – Aetna added to Conviction Buy list at Goldman

VOCS – Vocus initiated with a Outperform at Barrington Research

Downgrades

SAFM – Sanderson Farms downgraded to Equal Weight at boutique firm

CVX – Chevron downgraded to Neutral from Buy at BofA/Merrill

GXP – Great Plains Engy downgraded to Market Perform from Outperform at Wells Fargo

BRCM – Broadcom upgraded to Outperform from Market Perform at JMP Securities

FTE – France Telecom downgraded to Sell from Neutral at UBS

MT – Arcelor Mittal initiated with a Buy at UBS

GMLP – Golar LNG Partners coverage resumed with a Buy at Citigroup

HME –  Home Properties downgraded to Sell from Neutral at UBS

PSA – Public Storage downgraded to Hold from Buy at ISI Group

CNI – Canadian Natl Rail downgraded to Hold at Stifel Nicolaus

HCN – Health Care REIT downgraded to Hold at Stifel Nicolaus

CPX – Complete Production Services downgraded to Hold from Buy at Canaccord Genuity

BWP – Boardwalk Pipeline downgraded to Mkt Perform at Morgan Keegan

ACI – Arch Coal downgraded to Underperform from Outperform at Credit Agricole

NWSA – News Corp initiated with a Neutral at UBS

ANN – AnnTaylor downgraded to Neutral from Buy at Suntrust

FOSL – Fossil downgraded to Hold at Brean Murray

CRI  – Carter Holdings downgraded to Neutral from Buy at Sterne Agee

JBHT – JB Hunt Trans downgraded to Hold at Stifel Nicolaus

KR –  Kroger initiated with a Neutral at JPMorgan

XRAY –  Dentsply downgraded to Underperform from Buy at BofA/Merrill

WFN – Whole Foods initiated with Neutral at JPMorgan

SNDK – SanDisk downgraded to Neutral at Sterne Agee

NEM – Newmont Mining downgraded to Underperform from Sector Perform at CIBC

OXY – Occidental Petro target raised to $120 at Argus

SKT – Tanger Factory downgraded to Neutral from Outperform at Credit Suisse

FE – FirstEnergy initiated with a Neutral at UBS

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Gapping Up and Down This Morning

Gapping up 

CYOU +1.9%, HUM +1.0%, MNTA +18.5%,  PCRX +22.8%, NBR +7.1%, IBKR +7.2%, CP +6.9%, BGS +2%, HRBN +4.7%,

MNTA +19.3%, CP +5.4% , BGS +2%,

 

Gapping down

DB -6%, FTE -3.1%, AA -2.3%, BP -2.2%,RBS -5.8%, E -3.2%, ASML -3.2%, BCS -3.2%, ING -5.7%, LYG -5%,

TS -5%, BHP -4.2%, UBS -3.9%,



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Meet OWS’s “Think Tank”

HAHAHAHA

He’s a fucking anthropologist anarchist.

“I have arrived at a point where I can write about whatever I want.”

Apparently you need to teach at a university to write about nothing. That’s funny, I would have figured I could have done that without formal training and experience.

Have a chuckle here:

When he’s not busy brainstorming how to tear apart and rebuild America’s democratic system, David Graeber prefers to think about simpler things, like why we still don’t have flying cars.

Graeber, a professor at the University of London and a widely respected anthropologist, has achieved a new level of fame in recent weeks for his early influence on the Occupy Wall Street protests that began in New York City and have since spread around the world. The Wall Street Journal declared Graeber to be “the single academic who has done the most to shape the nascent movement,” while Bloomberg Businessweek declared him to be the “anti-leader” of Occupy Wall Street who generally abstains from the limelight even as his writings, including a new book on the history of debt and the influence of money, serve as an “intellectual frame” for the protesters.

Indeed, when MainStreet managed to reach Graeber by phone, his focus was light-years away from the protests, as he was busy working on an article about his disappointment that the world doesn’t yet have technology like flying cars, robots and other futuristic technology that one might have hoped would exist by the 21st century. As Graeber puts it, “I have arrived at a point where I can write about whatever I want.”

Flying cars probably aren’t the future that protesters are marching for around the world, but then again few can say for sure precisely what the demands of each protester in Manhattan and Oakland and Rome actually are, not even Graeber, who is based in London and shuttles between protests on a fairly regular basis.

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