Monthly Archives: June 2011
Don’t Blame Speculators on High Commodity Prices; Blame Hoarders and Manipulation
and you don’t think this is occurring with barges full of oil too huh…..free markets huh
Comments »Optimism Springs
European markets are flying and S&P futs are 13 points above fair value.
Comments »Interbank Liquidity Shrinking Fast
SEC May Pursue Civil Charges Against Rating Agencies
While Everyone Worries Over Greece There Still Lingers an Imaginary Firewall with the rest of the PIGS
“The last thing that financial markets needed this morning was a wobbly Spanish auction, but that’s exactly what they got. Spain’s borrowing costs have soared, with 10 year Spanish government bond yields jumping a massive 20bps at one point,” said Riddell in a research note Thursday.”
Comments »Euro Pares Losses After Merkel’s Comments
German Banks May Also Have to Raise Capital Reserves
25-30 banks consider “systematically relevant” will have to raise capital requirements by 2-3%
Comments »Greenspan Says Greek Default is “Almost Certain” and May Cause a Second Recession
“The problem you have is that it’s extremely unlikely the political system will work”…..“The chances of Greece not defaulting are very small.”…..default is “so high that you almost have to say there’s no way out,”….That may leave some U.S. banks “up against the wall.”
Comments »Oil Falls Overnight on Greek Debt Fear Creating a Slowdown in Europe
Gold Drops Overnight on a Stronger Dollar
China’s Second Bond Sale Fails to Attract Buyers
This is the second time they failed to attract enough bidders. 13+ Billion Yuan worth was sold; well below the 20 Billion Yuan desired.
Comments »European Markets Pare Some Losses on Merkel Comments
Asian Markets Remain Firmly in Negative Territory
IMF Forcing Germany to Bailout Greece
You Will Never Believe This
Early Nikkei Rally Fades to Red
Missouri River Flood Submerges Nuclear Power Plant and Destroys Vast Amounts of Crops
[youtube:http://www.youtube.com/watch?v=mSvvmrB7qEg 450 300]
Budget cuts may harm farmers since present disaster funds are to little too late.
Comments »Senate Votes Down Ethanol Subsidies
Glad to hear it. It ruins engines, containers, and costs more to make than gasoline.
[youtube:http://www.youtube.com/watch?v=lqckRQGjzMU 450 300] Comments »Best and Worst Performing ETF’s (1 month)
No. Ticker 1-month Return
1 SOXS 30.08
2 SSG 21.47
3 BXDC 19.96
4 TYP 19.86
5 SGG 18.58
6 FAZ 16.45
7 SQQQ 16.16
8 YANG 16.11
9 MWN 15.51
10 CVOL 13.92
11 SRTY 13.46
12 RETS 13.45
13 REW 13.03
14 BGZ 13.01
15 SPXU 12.97
16 TZA 12.88
17 QID 11.62
18 TVIX 11.57
19 SIJ 11.18
20 SKF 11.03
21 SDK 10.77
22 SCC 10.56
23 DPK 10.55
24 MZZ 10.33
25 EIO 10.31
——————–
No. Ticker 1-month Return
1 SOXL -26.53
2 USD -19.48
3 TYH -18.57
4 TQQQ -17.04
5 FAS -16.58
6 MWJ -15.54
7 TNA -15.08
8 TAN -14.81
9 ZSL -14.68
10 CZM -13.66
11 UPRO -13.30
12 DZK -13.29
13 BGU -13.27
14 WOOD -13.00
15 ROM -12.82
16 CQQQ -12.82
17 RETL -12.63
18 EPU -12.23
19 URA -12.12
20 UKK -11.88
21 PSI -11.88
22 QLD -11.44
23 BAL -11.32
24 SAA -11.16
25 IGN -11.08
