Is this how Meredith said it would go down?
Comments »Will the Fed Announce QE3 Tomorrow ?
Markets almost expect it at this point. The bearded clam stated that economic deterioration and deflation would lead them to potentially doing a third round. I think we have both….no ?
Comments »Bank CDS Are Blowing Out
$BAC +110 at 315bps. $C +58 at 220bps. $GS +49 at 215bps. $MS +111 at 310bps.
Comments »The Cart Before the Horse
I have to believe we are better than this!
You would think things could not get worse, but many proclaim it will.
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Put on Your Seatbelts
President Fails to Calm Markets; Downside Pushes to New Lows
S&P Cuts Insurance Companies by a Full Notch
Global Bank Pink Slips Rise Over 100k
Where is the Market Bottom ?
S&P Cuts Berkshire Hathaway Outlook to Negative
John Hussman: We Are Entering a New Recession
“I began drafting this update in a fairly measured way, but on further reflection, I think it is time to be blunt. The economic evidence now suggests that the U.S. and the global economy are again entering recession….”
Comments »Rumor Has It: SocGen and UniCredit are About to Kick the Bucket
Commodity Trader Peter Brandt: The bear is just waking up and is hungry. The bull is not in hibernation – it is dead and buried!
Recruiting Firm Challenger, Gray, & Christmas Predict Massive Lay Offs in the U.S.
Short term they are looking for a loss of 66k jobs. Longer term the picture does not get any brighter.
Comments »Greece bans shortselling
Comments »ATHENS, Greece (AP) — Greece on Monday banned short selling on the stock market for two months, after shares on the Athens Stock Exchange plunged to their lowest level in more than 14 years as financial markets were buffeted by worries over the U.S. economy following a downgrade of the country’s debt.
The bourse’s general index sank below the 1,000-point mark, closing down 6 percent at 998.24 — the lowest level since January 1997. Less than an hour after the stock exchange closed, the Capital Market Commission imposed the two-month ban on short-selling, which comes into effect as of Tuesday.
Short selling, a way of betting a financial asset will fall in price, typically involves traders selling borrowed shares in the hope of buying them cheaper later and profiting on the difference.
The commission said in a statement it took the decision “after taking into account the exceptional circumstances prevailing in the Greek market.”
It had imposed another two-month suspension of short-selling in April 2010, after a six day losing streak on the stock exchange. That ban had followed a downgrade of Greece’s credit rating.
Greece became the first EU country to seek an international bailout last year, when it saw its borrowing costs spiral out of control as investors doubted it could repay its debts. International creditors agreed last month to extend it a second bailout.
FLASH: Market Bounces 100 DOW Points Off Lows
only thing i could find was a tweet from Reuters FX community
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