This guy never has anything pleasant to say. But that’s how this billionaire rolls.
Comments »Clam Babble; What Has Changed Since The Last Statement
Markets POO POO the Twist
Markets seemed to focus on risk to the economy. Especially the global external shocks that could hurt G-7 economies.
Comments »FLASH:Fed Leaves Rates Unchanged
3 dissenting votes
Fed to purchase $400 billion by 2012 6 -30 years
will roll over at auction
fed to reinvest principal of mortgage at auction
long term inflation rates remain stable
fed expects recovery to pick up
downside risks remain in global markets shocks
Twist of $400 billion
Comments »Upgrades and Downgrades This Morning
Upgardes
PPL – PPL Corp initiated with a Neutral at Credit Suisse
SM – SM Energy initiated with a Neutral at Susquehanna
HOT – Starwood Hotels initiated with a Buy at Deutsche Bank
H – Hyatt Hotels initiated with a Buy at Deutsche Bank
TOT – Total S.A. upgraded to Neutral from Underperform at Credit Suisse
WY – Weyerhaeuser initiated with a Hold at Citigroup
NOG – Northern Oil & Gas initiated with a Outperform at RBC Capital Mkts
BKI – Buckeye Tech initiated with an Outperform at RBC Capital
WYN – Wyndham Worldwide initiated with a Buy at Deutsche Bank
DOC – Ducommun initiated with a Outperform at Wedbush
INFA – Informatica upgraded to Buy at boutique firm
CHH – Choice Hotels initiated with a Hold at Deutsche Bank
Downgrades
ARUN – Aruba Networks downgraded to Neutral from Outperform at Mizuho
VRSN – VeriSign downgraded to Neutral from Overweight at JP Morgan
BBD – Banco Bradesco ADS downgraded to Neutral from Buy at Goldman
DG – Dollar General initiated with a Hold at Deutsche Bank
RGC – Regal Entertainment downgraded to Above Average from Buy at Caris
NWL – Newell Rubbermaid target lowered to $18 from $21 at RBC Capital Mkts
GET – Gaylord Entertain initiated with a Hold at Deutsche Bank
SQNS – Sequans Communications initiated with a Neutral at Chardan Capital Markets
CIB – Bancolombia S.A. downgraded to Sell from Neutral at Goldman
EOG – EOG Resources initiated with a Hold at Stifel Nicolas
BSBR – Banco EOG Santander Brasil downgraded to Neutral from Buy at Goldman
Comments »Gapping Up and Down This Morning
Gapping up
AVL +2%, CXS +7.8%, SAP +3.2%, NFLX +2.7%,RBS +2.4%, ETFC +0.9%, GIS +1.4%,OREX +63.3%,
ARNA +16.7%, ALOG +10.7%, ADBE +6.7%, VVUS +4.2%, ORCL +4.2%, SAP +3.2%, MCP +2.8%, CS +2.6%, UBS +2.5%, REE +1.7%, TOT +1.7%,
MLNX +1.2%, MCP +2.2%,
Gapping down
ANR 9.7%, PACB -5.4%, MPWR -7.8%, O -4.2%, O -2.1% , FCX -0.6%, NLY -0.7%, TSON -3.2%, NLY -0.7%, WLT -11.7%, ACI -4.6%, CAB -3.1%, LPL -1.5%, JEF -1.6%, ARUN -3.9% PCX -4.1%, TCK 3.6%, BTU 2.9%,
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In Play and On The Wires
Italian Banks on Deck For Downgrades
It is widely expected that downgrades will come to Italian banks after the S&P downgraded Italy overall…
Comments »Obama Stimulus Failed Because It Was a Pygmy Package
So if we wasted even more money then it would have been a success ?
Targeted stimulus was what was needed.
Comments »Copper Prices Looking Lofty
I say let them fall as it will help with a rebound for struggling economies.
Comments »Bond Trading Revenues To Be FUGLY Next Q
Sell now buy later; earnings all around should be horrible for the banking sector…IMO
Comments »IMF Special Report: Averting Another ‘Lehman Moment’
The real question is; are we setting up a Lehman scenario with bailouts ?
Comments »As With FB You Should Be Careful of How You Advetise yourself on LNKD
Time to Face the Music in Greece
No matter what your persepctive is on how Greece arrived at the current crossroads; it is important to consider what is ultimately going to happen and if bailouts should even go forward.
Comments »Targeted Taxes vs. Tax the Rich
More of the wealthy actually pay higher tax rates in addition to a large portion of taxes collected.
Obama has engaged in class warfare no ?
Yes and no IMO. There are some people collecting only interest income and paying very low tax rates for that income. Others like Warren make pass through income where tax rates are lower. So some people and corporations need to be brought into the light, but it is improper to make the statement that the rich get away with less tax rates than mom and pop.
Instead of making it all political why not reform the tax code. Fire the IRS and create a flat tax based on consumption. Luxury taxes can stay in force if you must attack a class.
Comments »IMF Cuts Global Growth Outlook; Europe in Deep Mire
Your Tax Dollars at Work: How The Federal Government Pays More For Outsourcing
Founder of Vanguard Jack Bogle: Buy Stocks and Double Your Money in Ten Years
“What I try to point out to people is the stock market moves in cycles. We had this great cycle in the 1980s, this great cycle in the 1990s, this terrible cycle in the first decade of century and on average for the three of them, it was a rather normal level, maybe a little bit above that, of 9 percent,” Bogle says.
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