Ups swipe limits from .12 to .21.

V and MA are soaring.

Hitting $28.5 now.

He mentioned raising taxes on “the rich” and cutting back on spending, namely defense spending. He is on the record as being against a U.S. default.

So absurd.

Nearing $27.50 right now.

No. Ticker Average Volume % Change
1 GGR 187,329 18.87
2 YRCW 1,593,330 16.67
3 MMR 1,972,570 12.30
4 BTX 210,529 11.96
5 OXGN 1,027,820 11.95
6 SPRD 4,086,360 11.61
7 AUDC 116,543 9.60
8 SPAR 234,233 9.50
9 REVU 712,543 9.38
10 CRIC 224,929 8.71
11 EGI 117,557 7.85
12 PAL 1,567,500 7.75
13 LNN 132,029 7.60
14 MBI 2,254,150 7.53
15 DANG 2,812,600 7.35
16 BAA 153,286 7.10
17 EXXI 913,100 7.05
18 AXK 347,257 7.04
19 QIHU 954,150 6.84
20 CBD 901,471 6.81
21 RENN 11,312,263 6.45
22 SM 909,686 6.45
23 NAK 619,783 6.36
24 P 2,654,400 6.17
25 SATC 3,286,930 6.14

————————————
No. Ticker Average Volume % Change
1 KAD 542,786 -15.78
2 EXFO 106,657 -14.53
3 RBY 945,317 -14.50
4 SHAW 1,310,270 -9.63
5 TVIX 628,950 -9.47
6 KBH 4,710,500 -8.89
7 ICGN 823,571 -8.57
8 NTWK 834,343 -8.00
9 ANO 112,286 -7.97
10 OMN 219,000 -7.52
11 CAGC.PK 470,643 -7.50
12 AERG 1,787,070 -7.36
13 CADC 116,971 -7.26
14 BIOF 163,483 -7.05
15 APRI 197,433 -6.71
16 GBX 499,900 -6.54
17 OCNF 330,300 -6.33
18 ASTI 237,414 -5.83
19 TRGL 703,756 -5.74
20 ARWR 160,257 -5.56
21 VIXY 154,420 -4.93
22 VALV 361,514 -4.93
23 VXX 6,518,628 -4.87
24 ACHN 617,986 -4.81
25 SIGA 503,767 -4.72

Data provided by The PPT

Indeud.

Greek austerity vote is ongoing.

Cliffs Natural sees 2011 revenue $7.3B vs. consensus $7.11B

“I am not afraid of treasurys but if my accountants would allow me I would be 100 percent in equities.

“Equities are historically cheap, but people are still going out of equities and paying 2 and 20 (for hedge fund exposure) and hoping for better returns than on equities.

“Anything earning 3 percent or lower is the dumbest thing you can do,” he added. “If we went on holiday four years ago and came back better human beings with a tan, markets would still be back where they were four years ago.”

Full article

Futures are 10 points above fair value, ahead of the Greek austerity vote–taking place right now.

Oil is up $1.1, European stocks are higher by almost 2% and European CDS are tightening.

Risk on.

Private equity firms, Leonard Green and CVC acquired the company for $51.25.

Ticker BJ.

Affirmed Aa2 rating.

via briefing:
Needham notes Muddy Waters released a negative letter to Spreadtrum CEO Dr. Leo Li this morning raising a number of negative questions about the company’s business, accounting policies and management changes. While at first blush the report raises a lot of questions, they note that nothing new is actually raised in the letter. The firm believes Muddy Waters is taking advantage of its success in identifying other fraudulent companies in China to raise questions about Spreadtrum in order to profit from its short position in SPRD. They encourage investors to buy SPRD on related weakness. Firm says many of the questions posed in the letter to Dr. Li are related to changes made at SPRD as far back as two years ago, the question about SPRD’s success relative to competitors is answered by its market share gains, issues around the increase in Inventories and Advances from customers have been asked and explained over the past two quarters and MobilePeak is admittedly a pre-revenue company that expands SPRD’s technology portfolio to include 3G WCDMA/HSPA air interfaces.

No. Ticker % Change
1 ERX 5.65
2 DIG 3.80
3 SGG 3.39
4 LBJ 3.12
5 DAG 2.89
6 RUSL 2.75
7 MWJ 2.74
8 XIV 2.73
9 OIH 2.72
10 IEZ 2.69
11 XES 2.60
12 JO 2.47
13 TNA 2.42
14 UVG 2.32
15 TYH 2.26
16 BGU 2.25
17 PXJ 2.24
18 UPRO 2.20
19 RETL 2.17
20 CUBA 2.17
21 UCO 2.15
22 BNO 2.12
23 CU 2.07
24 CQQQ 2.07
25 TQQQ 2.06

2 TELK 14.55
3 YOKU 14.19
4 CYAN 13.96
5 FBP 13.26
6 TBSI 12.38
7 KUTV 11.80
8 CAGC.PK 11.25
9 ISS 11.13
10 EMKR 11.11
11 GEDU 10.97
12 DDSS 10.77
13 CIIC 10.70
14 ALN 10.16
15 LNKD 10.02
16 WPRT 9.95
17 GKNT 9.95
18 ERII 9.77
19 CCIH 9.07
20 BPHX 8.82
21 FTWR 8.33
22 OVTI 8.20
23 MWW 8.03
24 ARWR 7.80
25 CXPO 7.76
26 PGNX 7.65
——————————–
2 YRCW -13.13
3 ROSG -12.91
4 AXK -11.83
5 KAD -9.88
6 WH -8.79
7 ASTI -8.76
8 PARD -8.70
9 ONAV -8.16
10 SINO -8.11
11 KGJI -7.69
12 SYSW -7.69
13 ANO -7.69
14 CUR -7.64
15 HIHO -7.33
16 BITA -6.69
17 QBC -6.62
18 CBAK -6.42
19 PCYC -6.40
20 COIN -6.25
21 XOMA -6.18
22 LZEN -6.06
23 KBX -5.81
24 DNN -5.71
25 ABAT -5.61
26 ZSTN -5.54

Recent investment by GSVC puts FBOOK valuation at $70 bill. The following giants of industry are now smaller than Facebook,

No. Ticker Market Cap
1 MT 50,140,000,000
2 SHPGY 50,280,000,000
3 DEO 50,790,000,000
4 ACL 50,800,000,000
5 F 51,120,000,000
6 GLD 51,333,367,098
7 AIG 51,760,000,000
8 DB 51,840,000,000
9 CHA 52,110,000,000
10 V 52,130,000,000
11 BA 52,880,000,000
12 AMGN 53,810,000,000
13 FTE 53,960,000,000
14 EMC 54,530,000,000
15 UNH 55,290,000,000
16 MO 56,040,000,000
17 HD 56,050,000,000
18 ABB 56,440,000,000
19 CAJ 57,190,000,000
20 SU 58,890,000,000
21 AXP 59,550,000,000
22 KFT 60,650,000,000
23 NTT 61,580,000,000
24 BNS 63,430,000,000
25 TSM 64,940,000,000
26 CAT 64,960,000,000
27 MMM 65,550,000,000
28 MTU 65,620,000,000
29 UBS 65,990,000,000
30 CMCSA 67,140,000,000
31 AZN 67,210,000,000
32 WBK 67,310,000,000
33 GS 67,670,000,000
34 NVO 68,190,000,000

Asia up by 1%, oil higher by 0.45 and the dollar is lower.

Related: S&P futures are up 3.5.

Micro cap company, GSV Capital (GSVC), reported they took a 225,000 share stake in privately held Facebook at $29.28 per share, valuing Facebook at more than $70 billion.

The transaction makes up 15% of GSV’s portfolio, who focuses on taking stakes in privately held companies, typically around the $100 million to $1 billion range.

CEO, Michael Moe said “Facebook is a one-of-a-kind business which has created enormous network effects. With over 650 million people on its platform, or approximately 1/10 of the world’s population, Facebook has established itself as a next generation social communications platform.”

Shares of GSVC soared by 41% today, making it a highly visible way to invest in soon to be public Facebook.

He pared down is Autozone position by 5.9% to 23% of shares outstanding.

European markets were indicated down 0.3%, but reversed higher in early trade. At the moment, most European markets are higher by about 0.3% and S&P futures have reversed deep losses and are now higher by 3.5.