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Monthly Archives: July 2011
Conoco Phillips Will Spin Off Refinery Business
Wonder what this spells for refineries going forward ? Perhaps this will allow for more value to be unlocked.
The company plans to be 2 individual companies by mid next year.
Comments »Inflation in India Hits the Gas Petal to 9.44%
I wonder how many people are actually starving due to monetary debasement creating food inflation.
Comments »Ben Bernanke Signals The Markets Not to Worry About Asset Inflation
He will continue to fight deflationary pressure and blow bubbles. Despite the sarcasm it is better than deflation and depression.
Comments »Italian Bonds Tank As Rates Climb and Austerity is Voted On
Oil Falls and Gold Rises on European Debt Fears
JPM Posts Higher EPS a la Taxpayer
EPS of $1.27 on $5.4 billion in revs vs $1.09 0n $4.8 billion in revs
Coming down the pike is $15 billion in PIIGS exposure. Jamie Dimon says if they were to lose money they would expect no more than $3 billion taxpayer dollars to be lost or written down.
Comments »Jobless Claims: Prior 418k. Mkt Expects 410k, Actual 405k
Continuing claims: prior 3.68 million, mkt expects 3.70 million, actual 3.72
Comments »European Markets Open Moderately Lower
European markets opened down anywhere from 0.5-1%. Meanwhile, US futures are rallying sharply off the lows, with NASDAQ futures now up 1, erasing an 18 point deficit.
Comments »Flash: Asian Markets Shit on Moody’s
Asian market are barely down, following Moody’s asinine credit warning for the US of fucking A. As a matter of fact, China is up.
Related: S&P futures are barely down 3. Bears are about to get trucked, large Marg style.
Comments »Flash: S&P Futures Plummet on Moody’s Warning
Futures are down 10 after Moody’s warned of a possible downgrade of US credit rating. In other news, Congress is busy trying to investigate Fox News.
Comments »Moody’s Places US on Credit Watch Negative
Flash: YUM! Brands prelim $0.66 vs $0.61 Capital IQ Consensus Estimate; revs $2.82 bln vs $2.70 bln
YUM! Brands raises Fy11 EPS growth guidance to 12% from 10% vs. +12.1% consensus
Comments »The Market Held On by a Thread
Following an early 150 point gain in the day, the market sold off, almost giving away all intra-day gains. However, during the last 30 minutes of trade, the indices stabilized and ended up 45.
Comments »Flash: Senator Boxer and Rockefeller Call For Newscorp Investigation
liberal mumbo-jumbo
Comments »Gold and Silver Soar as the Dollar Dives
Gold is hitting all time highs today and silver is trailblazing higher by more than 5.5%, due to lack of confidence in the fiat currencies of Europe and the US. It goes without saying, the dollar is now lower by 1.15%, intra-day.
Comments »Blackrock’s Sovereign Risk Index
It was just mentioned on CNBC. I thought some would be interested.
Blackrock’s Sovereign Risk Index
Comments »Flash: Fitch Downgrades Greece to CCC
Cites the prospects of a credit event via default.
Comments »Flash: The Dollar is Being Dismantled
The US dollar is down 1.3% intraday, helping buoy gold to new all time highs.
Comments »Today’s Top Short Squeezes
No. Ticker % Change Short as % of Float
1 CLNE 12.47 26.40
2 RENN 8.09 50.23
3 MOBI 7.92 23.86
4 NOG 7.42 56.10
5 LIZ 7.36 34.20
6 JKS 6.97 53.05
7 ENTR 6.78 34.10
8 AXAS 6.64 16.30
9 CSKI 6.51 16.90
10 ZAGG 6.46 48.50
11 MHR 5.95 28.90
12 PMI 5.93 20.90
13 TSL 5.80 20.17
14 HRBN 5.63 47.50
15 BPZ 5.59 17.80
16 BORN 5.47 16.42
17 TWI 5.18 25.90
18 RTI 5.12 16.30
19 AONE 5.10 27.70
20 TXI 5.00 26.80
21 RES 4.96 23.00
22 JASO 4.93 18.74
23 LDK 4.90 63.11
24 HOGS 4.77 15.20
25 HNR 4.72 18.90
